Tag Archives: Financial

UK Financial LTD. Announces the Creation of its New Gold and Silver- Backed ERC-23 Token

U. K. Financial LTD. is proud to announce the arrival of its new gold and silver backed, Ethereum Classic-based token, Maya Preferred 223 (MAPR). The new token enjoys the elite distinction of being the first advanced ERC-223 token to be backed with approximately $18,500 USD worth of gold and silver per token, and is anticipated to become the cheapest, and ultimately most efficient and preferred, method of executing money transfers, and more
importantly, payments worldwide once its marketing plan is fully implemented. Continue reading UK Financial LTD. Announces the Creation of its New Gold and Silver- Backed ERC-23 Token

Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

It had been reported that Ethereum has to make the transition to a proof-of-stake system and was to invest $15 million in the development of Verifiable Delay Functions (VDFs) which would aid this transition. However, Justin Drake, a member of the research team for Ethereum, has clarified that these rumors are false. While Ethereum will be switching to a PoS system, they have no intentions to spend $15 million. Continue reading Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser

Legacy banks are not worried about crypto because it has no value and fails the fundamental tests of financial services. That’s the assessment of Huw van Steenis, the senior adviser to Bank of England Governor Mark Carney. Continue reading Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser

Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management

A South Korean financial authority has warned two major domestic banks about their lack of management of cryptocurrency transactions and anti-money laundering (AML) regulation, local online media outlet The Daily reports Dec. 4. Continue reading Financial Watchdog Warns Two Banks Over Poor Crypto Transaction Management