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EncryptoTel, a company that leverages blockchain technology to provide a wide range of telecommunications services, has just announced a partnership with Mtel, a Russian federal telecommunications operator. The agreement will see Mtel use EncryptoTel’s private branch exchange (PBX) for all of their existing customers. Given Mtel’s history as one of the most stable telecommunications operator in Russia, serving up to 27 regions in the country, the agreement between the two companies marks a significant milestone for EncryptoTel which has flown under the radar for quite some time now, following a successful ICO in March, 2017. The partnership announcement reads: “We are confident that this partnership will initiate successful and beneficial cooperation between both companies for times to come.” According to EncryptoTel, the integration of their PBX will be done in stages to ensure a smooth transition. First, the implementation of EncryptoTel’s PBX will be limited to a few clie
Both San Francisco-based cryptocurrency exchange Coinbase and its Global Digital Asset Exchange (GDAX), have been experiencing a major service outage amid a trading frenzy triggering by Bitcoin’s new all-time high above $11,300. At press time, the cryptocurrency’s price corrected to $9,824.23 but is seemingly climbing back up again. Its trading volume in the last 24 hours was over $10 billion. The trading frenzy seemingly took down the U.S.-based exchange as its platforms have been greeting visitors with an error stating that the service is currently unavailable. Coinbase is one of the world’s largest cryptocurrency exchanges, with operations in over 30 countries, making it notable that its traders were unable to issue orders during Bitcoin’s all-time high and subsequent price correction. A look at Coinbase’s real-time status page reveals that the cause of the issue is currently being investigated and has already been partly solved, as the company’s service is curr
Bitcoin recently surpassed the $10,000 mark to reach a new all-time high above $11,300, before the cryptocurrency’s price quickly fell back to $10,600 at press time, according to data from Cryptocompare. The cryptocurrency’s recent new heights led central bankers to comment on the cryptocurrency’s status. United Kingdom central bank, Bank of England (BoE), deputy governor Sir Jon Cunliffe, speaking to BBC Radio, stated that the cryptocurrency is “too small to pose a risk to the global economy,” as he believes it isn’t even a currency due to the lack of a central bank behind it. To Sir Jon Cunliffe, the cryptocurrency is a commodity, and investors need to do their homework on it. He stated: “This is not at a size where it’s a macroeconomic risk to the global economy, but when prices are moving like that, my view would be investors need to do their homework.” Interestingly, last year, Bank of England deputy governor Ben Broadbent stated that digital currencies put bank
It can’t be denied that sports betting is a profitable business since ancient times. It has also been a very popular activity, no matter the bettor wins or l
Nigeria’s financial sector insurance regulator, the Nigerian Deposit Insurance Corporation (NDIC), recently warned the country’s citizens about a potential lack of insurance cover to any risks associated with cryptocurrencies. According to local publication Premium Times, the warning included any digital currency not issued by the country’s central bank. While speaking at an annual two-day workshop on the financial disruption caused by digital currencies, NDIC’s director of research and policy for international relations, Mohammed Umar, made it clear the country’s financial regulators aren’t exactly cryptocurrency enthusiasts. He stated: “The financial regulatory authorities are not playing catch up on the digital currency race in Nigeria. There is no country in the world that allows its citizens to use digital currencies as money not issued by the Central Bank.” The statement, by itself, is false. Earlier this year, Japan notably began accepting bitcoin as a legal pay