Amid legal battle with the US authorities, the Libra Association has now rebranded itself into Diem Association. The name may wipe out the doubts and misconceptions about the Facebook-led crypto project. Derived from Latin Word It was last year when the social giant Facebook decided to launch its crypto project known as Libra. But after […]
Giant investment company Guggenheim Partners is the latest Wallet Street firm to invest in Bitcoin. Guggenheim, the firm having $270 billion under its management, will allocate more than $500 million in the world’s leading digital asset. Filing with SEC In its latest filing in the Securities and Exchange Commission (SEC), the giant asset manager will […]
With a rush of institutional investors in the crypto space, the crypto assets get a golden opportunity of recognition and adoption at a large scale. Fidelity’s Report There are now several reports out there that unveil the entry of a large number of big players in the cryptocurrency industry. In its survey, Fidelity found out […]
To target ETF-inspired Bitcoin customers in Europe and Asia, VanEck Europe has launched an ETF-like Bitcoin product. The product is known as ETN which has a slight difference from ETF. In 2019, VanEck attempted many times to register a Bitcoin exchange-traded product with the United States Securities and Exchange Commission, but the US authority did […]
XRP, the third-largest coin by market cap, has expressed a growth of 91% over the last month which is bullish news for the coin. Based on the views of market experts, there are three fundamental factors that are directly involved in the price hike last month. In order to catch up with other better-performing cryptocurrencies, […]
Crypto derivatives exchange BitMEX informs its users that they will have only two weeks for verification. If users fail to verify themselves, they will not be able to withdraw funds. Deadline of Two Weeks According to the announcement by BitMEX on November 19, users of the crypto derivatives exchange will have to complete the KYC […]
The US Comptroller of the Currency rolls out a proposal that aims to end discriminatory measures against those companies and institutions which are dealing with cryptocurrency. Since the start of 2020, crypto-related businesses have faced many legal difficulties that are put forward by the US-based regulators. In order to contain such practices against crypto businesses, […]
According to a new report, poker players prefer Bitcoin over fiat currency for payouts, and the demand for cashing out in Bitcoin has increased significantly. Winning Poker Network is one of the major online poker networks that have to buy millions in Bitcoin to meet the demands of the users’ payouts in Bitcoin. 90-95% of […]
Ethereum is not lagging behind the top digital asset in performance as it has touched $500, the highest value since June 2018. After more than two years, the second-largest coin by market cap has hit $500 which is very good news for the investors who have invested in the altcoin. On November 20, the largest […]
According to Brad Garlinghouse, CEO of Ripple, XRP could serve its purpose in the best way when the central banks will roll out their respective central bank digital currencies. It is the need of the hour that central banks across the world will have to onboard themselves over digital evolution, which is happening right now. […]
Crypto intelligence firm reveals fraudulent activities and theft attacks have plunged by 60% in 2020 as compared to the last year. According to the latest data revealed by on-chain blockchain intelligence firm Cipher Trace, almost $1.8 billion has been last in different crypto scams and theft attacks since the beginning of 2020. While throughout 2019, […]
As Bitcoin is currently standing above $16,000, the market experts are taking it very bullish for the short term, but there are also chances of a potential downfall in the coming days. On Nov.13, the world’s primary cryptocurrency has claimed $16,500 over many cryptocurrency exchanges. What’s more, the price value gets a stable position above […]
The reports of the digital assets management firms in the third quarter of 2020 are very satisfactory and praiseworthy as institutional investors are recognizing the potential of Bitcoin. Galaxy Digital has dedicated the record performance to the crypto adoption on the part of institutional clients. According to Michael Novogratz, CEO and founder of Galaxy Digital, […]
Globally-recognized financial firm Ripple has announced to open regional quarters of the Middle East and North Africa (MENA) in Dubai. According to the Emirate News Agency’s report, Ripple’s headquarters will be built in the Dubai International Financial Centre (DIFC) that has “independent judicial system and regulatory framework.” Dubai International Financial Centre (DIFC) is already having […]
As Bitcoin is on a way towards an all-time high of $20,000, a prominent analyst with years of experience predicts $90,000 for Bitcoin by mid-2021. After claiming $16,000, Bitcoin has broken all records since January 2018. Keeping in mind the recent performance, market experts are calling for new high levels for the top digital asset. […]
It is the first time that a government official of Brazil has announced the launch of central bank digital currency. According to Brazil’s economy minister, they are “ahead of many countries” in building a CBDC. “Brazil is Ahead of Many Countries” Paulo Guedes, the economy minister of Brazil, points towards launching the digital currency, digital […]
In performance, Bitcoin is not only outperforming other cryptocurrencies but most of the traditional assets as the primary cryptocurrency has claimed $15,300 over many cryptocurrencies exchanges. After the latest bull run, 97% of the BTC addresses are profitable. According to the data published by on-chain analytics firm Glassnode, 97% of all Bitcoin addresses have a […]
The central bank of Australia is going to check the potential of central bank digital currency by making use of Ethereum’ distributed ledger technology, the second-largest blockchain in the world. Partnerships with Banks The Reserve Bank of Australia (RBA) announces new partnerships with National Australia Bank, Commonwealth Bank, ConsenSys, and Perpetual. According to RBA’s official […]
Indian citizens are looking for crypto-based investment opportunities after globally-recognized crypto companies have invested a lot in the country. Local cryptocurrency exchanges see a tenfold growth after the Supreme Court of India removed a ban over the usage of cryptocurrency in India. India is becoming the new Crypto Hotspot According to Nischal Shetty, founder of […]
According to a leaked document, cryptocurrency exchange Binance launched its subsidiary in the United States to distract the US regulatory authorities. As per the Forbes’ leaked document, Binance rolled out a subsidiary, Binance.US, in 2018 in order to evade US regulations. The report claims Binance employed a “bait and switch” strategy in order to avoid […]
