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Using bitcoin is high risk and its dealers will not be guaranteed any protection or rights.There is a bitcoin ATM in the city of Jubail. Saudi regulators reiterate ban. but Saude major retail bank joins Ripple network. Last updated: September 2018.

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Ripple Facilitates Payment Remittances From India to Saudi Arabia

Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed by Ripple, May 20, 2019. Further Headway in India After opening an office in SeptemberRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Ripple (XRP) Opens New Corridor Between Saudi Arabia to India for Cross-Border Remittance

Ripple has decided to open a new payment corridor between India and Saudi Arabia. The intention is to make cross-border payments much easier for Indian families that receive funds from workers abroad. India is one of the largest remittance markets around the world. The information was released by Ripple’s Navin Gupta at a recent Ripple […]
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Ripple: Top SABB, Induslnd Bank officials elucidate uses of new remittance corridor between Saudi Arabia and India

India remains on the sidelines of cryptocurrency regulation, with clarity on the subject eagerly awaited by many in India’s crypto-community. While the country is facing a potential blanket ban on crypto, Ripple shared a video hinting at India’s wider participation in the field. The clip was shared on Ripple’s official website, and detailed the launch of a new remittance corridor from Saudi Arabia to India. In the video shared by Yoshitaka Kitao on Twitter, Saudi Arabia British Bank’s [SABB] representative, Ghada Al Jarbou, expanded on the bank’s vision for “a future proof technological solution” which was aligned with Ripple’s strategy for implementing “cheap, transparent and safe transactions”. Al Jarbou noted that the bank had relatively low penetration in the regional remittance market. However, Ripple’s new announcement could be a boon for the market. This sentiment was shared by Amit Talwar, Induslnd Bank’s EVP & Head of Transaction Banking Sales, who noted that this was a “big opportunity for India”. India’s position as a critical and highly desirable corridor for many financial service providers in the Middle East and North Africa [MENA] region was strengthened after it registered the highest remittance volume in the world in 2018 at $79 billion. Al Jarbou added, “We [SABB] started this journey with India together to build a customer experience by providing transparency.” Talwar also pointed out that the partnership was “one of the fastest bilateral tie-ups”, owing to the common willingness of the two countries and Ripple’s team. While SABB was implementing the technology as a means to enable transparent transactions, Al Jarbou said that the next step for SABB would be building up the volume of INR transactions, while adding new currencies to its remittance product. For IndusInd, embracing Ripple has allowed the bank to be the first mover and get ahead of the change. By finding a committed partner, leveraging the power of Ripple’s technology and network, and adhering to the vision of becoming a leading remittance partner, Talwar believes that the bank is leapfrogging to the front of the market. The post Ripple: Top SABB, Induslnd Bank officials elucidate uses of new remittance corridor between Saudi Arabia and India appeared first on AMBCrypto.

Saudi Arabia: The First Blockchain Tracked Cargo Shipped to Rotterdam

Hellenic Shipping News reported May 20, 2019 that Saudi Customs successfully departed the first shipment that is powered by blockchain technology. It is headed to Rotterdam, Netherlands. Other Ports of Saudi Arabia May Soon See a Blockchain System For the very first time in 2018, a container was processed over the blockchain technology by CargoX,Read MoreRead More. The post by Mohammad Musharraf appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Coin Source Will Bring Dai to Its ATM Users

Stable currencies are all the rage as of late, primarily because they aren’t prone to the price swings and volatility one often witnesses with mainstream digital assets such as Ethereum and Litecoin. If you want to invest in crypto but are nervous about the prospects, stable currencies could be the answer. Now, they’re earning an even larger boost through companies like Coin Source, a Texas-based operator of cryptocurrency ATMs. Coin Source Brings Stability to Crypto The venture recently announced that it would be adding the stable asset Dai to its many ATMs located throughout the southern United States this summer. The addition of the coin is “in preparation” for what the company calls a widespread remittance program, in which workers will be able to send money home to their families in the form of Dai or other cryptocurrencies that they can trade or sell. Travis Gough, chief product officer at Coin Source, comments: In remittances, people want to save as much value and they don’t want to be subjected to the high volatility that you’re seeing in bitcoin and other cryptocurrencies that can be very speculative. Price swings are a persistent worry in the crypto space, and likely never to leave enthusiasts’ minds fully. At the same time, it’s easy to suggest that currencies like bitcoin are suddenly easier to accept given these swings are now traveling north. Since April of this year, bitcoin has been enjoying a serious bull run, having jumped by nearly 200 percent in just the last three months alone. After a lengthy period of traveling through the doldrums at the mid-$3,000 range, the currency began its new string of price spikes last April with a sudden (and unexpected) jump to $5,000. The good news this time around is that bitcoin’s sudden behavior is likely being sparked more by market trends, which will make this bull run more stable than the one that occurred in 2017, reportedly the subject of manipulation by users of the stable currency tether. Along with bitcoin, currencies like Litecoin have also surged in price, heightening the crypto space’s present levels of legitimacy. A New and Improved Way to Send Money The Coin Source remittance service – which will at first be available to customers only in the United States – will allow ATMs to transfer Dai and other digital assets between wallets. Once a customer receives funds, they can forward them to the wallets of selected parties granted those parties have satisfied all of Coin Source’s know-your-customer (KYC) requirements. Receiving individuals can then confirm the funds and trade or sell them accordingly. All transactions occurring by way of Coin Source are recorded onto the Ethereum blockchain. At press time, the company operates more than 230 ATMs in nearly 30 states and in Washington D.C. The post Coin Source Will Bring Dai to Its ATM Users appeared first on Live Bitcoin News.
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Amun AG Launches New Exchange-Traded Product With Data Provided By Bitwise Crypto Index

The fintech firm based in Switzerland, Amun AG, released its new plans to launch an exchange-traded product (ETP) using Bitwise 10 Select Large Cap Crypto Index as a benchmark. The Swiss SIX Exchange has already allowed several other ETPs to operate in the country. Amun AG Works On New ETP Bitwise Index Services has just […]
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OmiseGo Price Analysis OMG / USD: Burning The Stash

OmiseGo has a bullish short-term bias, with the cryptocurrency rallying to a fresh 2019 trading high The four-hour time frame shows the OMG / USD pair has invalidated a bearish pattern The daily time frame time highlights that bulls are attempting a major technical breakout Fundamental Analysis OmiseGo has gained momentum after GO.Exchange announced that it is planning to use its profits to burn OMG tokens. GO.Exchange is a new blockchain project from OmiseGo team, and it marks a major milestone for the OmiseGo ecosystem. OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency performing a bullish breakout on the four-hour time frame. The four-hour time frame shows that OMG / USD bulls have invalidated a head and shoulders pattern, with price now testing back towards the head of the bearish pattern. Technical indicators on the four-hour time frame are bullish and continue to issue a buy signal.   OMG / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that the upside target of the invalidate bearish and shoulders pattern is located at the November 14th, 2018 swing-high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is now extremely overbought.                                                                                  MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. OmiseGo / USD Medium-term price analysis OmiseGo has a bullish medium-term trading bias, with the cryptocurrency attempting a major breakout on the daily time frame. The daily time frame is showing that OMG / USD bulls are trying to ignite a bullish inverted head and shoulders pattern. The attempted bullish breakout has so far proved unsuccessful, with price slipping back towards neckline support. Technical indicators across the daily time frame are bullish and continue to issue a buy signal.   OMG / USD Daily Chart by TradingView   Pattern Watch Traders should note that the November 2018 trading high is the overall upside target of the bullish pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is correcting from overbought conditions. MACD Indicator The MACD indicator is bullish on the daily time frame and continues to issue a buy signal. Conclusion OmiseGo bulls have successfully invalidated a bearish head and shoulders pattern on the four-hour time frame, opening-the-door for further short-term gains. Medium-term bulls now need to ignite the large bullish pattern on the daily time frame or they risk the prospect of a failed technical breakout.   Check out the OmiseGo coin guide.   OmiseGO ChartChart byCryptoCompare baseUrl = ""; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=OMG&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24546 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24546 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24546 a.tabperiods.tabperiods_active, #ccpw-ticker-24546 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24546 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24546 .coin-container:after, .ccpw-container_four #ccpw-ticker-24546 .coin-container:after {border-color:#ccc !Important;}   The post OmiseGo Price Analysis OMG / USD: Burning The Stash appeared first on Crypto Briefing.

Approval For Settled Bitcoin Futures On LedgerX

The New York-based LedgerX LLC is “a US-regulated trading platform for physically-settled digital currency derivatives” and has had its application for designation as a contract...
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