Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.
Sparkdex.HKD is reportedly the first HKD-backed stablecoin on the market, where “US Dollar stablecoins have dominated.”4254
The face of Bitcoin is rapidly changing and there is a noticeable increase in powerful women in the ecosystem.33324
Bitcoin is the fastest growing sector for startup investment; Keybase raises over 10 million in investment round Led by Andreessen Horowitz and other news.535
- MAY 29 DIGEST: US Govt Says Ross Ulbricht Owes Them Nearly $184M, Apple Mentions Bitcoin in Patent Application
U.S. government prosecutors have imposed a money judgment of almost US$184 million against Ross Ulbricht, Apple casually mentions Bitcoin in a new patent application, and more news.1066
- MAY 7 DIGEST: Cryptor Trust Launches Blockchain Investment Company, FinCEN to Examine Crypto-related Businesses.
Cryptor Trust launches a blockchain investment company, FinCEN says it is to perform an examination of digital currency-related enterprises and more news.568
The days of high commission digital currency exchanges may be gone, for now. A trend developing in the digital currency exchange world has seen the costs of using these services fall as the developers work harder to attract and keep their user base.563
Bitspark Limited, a digital currency startup based in Hong Kong, announces a partnership with Indonesian startup PT ArtaBit Indonesia to enable end-to-end remittance services from Hong Kong to Indonesia, targeting the 165,000 overseas Indonesian workers present in the city-state who commonly send funds to their families and loved ones.509
Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters to Hong Kong’s large population of Filipinos who regularly use services like Western Union and Money Gram to send funds back to the Philippines.754