Mark Mason, a PR representative at Dash, said that the number of active users in Venezuela has sky-rocketed by 562% since May. Incidentally, this number doesn’t include the users who have not used the wallet even once in the last 30 days, which means that chances are quite high that Dash will cross the 1 million mark before the year ends.
Harshita Arora, the creator of Crypto Price Tracker, a cryptocurrency price tracking app that saves users from scammers, has been chosen by Indian Prime Minister as the recipient of Bal Shakti Puraskar 2020 award. In his tweet, the Indian prime minister, Narendra Modi expressed his pleasure at the young girl winning the award.
Tim Morrison, a former advisor to President Donald Trump, wrote an op-ed in Foreign Policy stating that the US dollar needs a digital makeover to maintain its status as the world’s reserve currency. Morrison further mentioned that if the US dollar did not get digitized then it would not be able to prevent Chinese cryptocurrency from moving ahead.
UK-based fintech firm Currencycloud has raised $80 million in funding round spearheaded by key investors such as Visa Inc., SBI Group, the International Finance Corp., Siam Commercial Bank, and BNP Paribas SA. Currencycloud CEO Mike Laven stated that the company collaborated with Visa to enable its clients to access products.
QPAY, a NEXXO Blockchain-powered payment platform based on smart POS now supports VISA wireless payments. The new innovative solution is launched in Qatar and is rolled out to many small enterprises and consumers.
Zhu Min, a former deputy governor at the People’s Bank of China, has asked his country to keep a close eye on Facebook’s Libra. He added that China is still far from launching its sovereign digital currency, and the current digital currency is all a pretty natural process.
Brendan Eich, CEO of Brave, recently said that they are not fazed by SEC’s Howey Test and don’t feel intimidated by it as they made sure to follow all the rules, at the time of sale. He went on to add that there has not been a case where they came across any sort of trouble, and they have been compliant.
The Payment Services Act 2019 of Singapore has announced Digital Payment Token services which will cover all cryptocurrency exchanges and businesses in Singapore under prevailing counter-terrorist-financing and anti-money laundering rules. It would require cryptocurrency businesses in Singapore to first register and then apply for a license to operate.