The Open Payments Coalition introduces new features for customers in a universal ID system. With updated facilities, users will not have to depend on a third party for verification. According to the press release, customers of universal payment ID will take benefits of cloud computing, sandbox for developers, and the facility of end-to-end encryption messaging. […]
Prominent financial official states it is very important for Japan to amend laws in order to issue a digital currency. Japan is now serious about rolling out state digital currency following the People’s Bank of China and other central banks. The government of Japan will have to revise the law which makes the central bank […]
Bitcoin was trading at $10,400 seven days before, but it is now exchanging hands at $11,342. After remaining stable over 30-days, the top digital asset shows volatility by increasing in value. $13,000: Crucial Level In the recent rally, Bitcoin has touched even $11,500 on many exchanges after surging by 10% from its low position. Experts […]
As activity over the Ethereum network has increased, miners’ revenue in fees has also increased by 39% over the last month. The miners’ fee has surged exponentially in September but the price value of Ethereum did not affect so much. According to on-chain data, miners have collected 450,089 ETH ($168.7 million). After increasing by 39% […]
Centralized exchanges have been over the main screen for years, but decentralized exchanges have got the attention of the masses over recent months. Some experts claim DEXs will take over centralized exchanges, but it’s not like that. Two Bad News for Centralized Exchanges The last two weeks have been very tough for decentralized exchanges. The […]
The year 2020 is a very important year for cryptocurrency due to three main things. First, institutional investors are entering the crypto space. Second, several central banks are planning to roll their digital currencies. Third, global regulators are proposing comprehensive charts of regulatory measures for digital assets. Institutional Influx According to several reports by blockchain […]
Investors are accumulating both Bitcoin and gold at the same rate, says a former Goldman Sachs investor. Different blockchain analytics firms also claim that new institutional investors are entering the Bitcoin arena since the start of 2020. Jason Urban, CEO of DrawBridge Lending, said that he sees investors who are buying both gold and Bitcoin […]
Cryptocurrency exchange Coinbase has introduced a faster way for users to withdraw funds. Users from 40 different countries can make instant withdrawals over Coinbase thanks to Visa and Mastercard. Withdrawals via Visa and Mastercard According to Coinbase’s blog post, the exchange users from the United States will be able to withdraw funds from their Mastercard, […]
The Commodity Futures Trading Commission has charged leading crypto derivatives exchange BitMEX for running an unregulated exchange and violation of CFTC’s policies. Civil Enforcement Action against BitMEX CFTC has filed a civil enforcement action in the US District of New York against five entities and three owners of BitMEX. “Among those charged are company owners […]
According to the Sep.30 announcement, SingularityNET partners with Cardano to work for the development of the Cardano network. SingularityNET is a blockchain-based marketplace that offers Artificial Intelligence (AI) services and applications. It is the same company that designed the software for the social robot Sophia. The partnership between both companies will be beneficial for “engineering […]
A new survey shows financial institutions and government departments see cryptocurrency a risky investment as it is linked with illicit activities. 566 Responses from Different Sectors across the Globe The UK-based security firm The Royal United Services Institute (RUSI) has conducted a survey about cryptocurrency in partnership with the Association of Certified Anti-Money Laundering Specialists […]
Following the KuCoin hack, hackers transferred millions of tokens on to different unknown wallets and decentralized crypto exchange Uniswap. In the latest transfer, Hackers have moved 18 million XRP worth $4.5 million. 18.49 Million XRP Crypto tracker Whale Alert reported that “18,495,600 #XRP (4,534,752 USD) of stolen funds transferred from Kucoin Hack 2020 to hack […]
Bitcoin has a weak position today as its price plunged suddenly from $10,950 to $10,630. Currently, the price has recovered to some extent as the price is currently trading at $10,765. Over sudden reaction by the top digital asset, crypto analysts and experts have different opinions. The majority of them believe that $10,700 is a […]
Giant Consultancy firm EY has introduced a new tool called Explorer & Visualizer to analyze blockchain data. The beta version of the tool will be soon available to individuals free of cost. Explorer & Visualizer Solution Explorer & Visualizer of EY will help individuals to monitor blockchain activities such as tracking of cryptocurrency transactions. The […]
The US Commodity Futures Trading Commission (CFTC) has charged a foreign trading company with offering unlawful leveraged transactions in Bitcoin, Ether, and Litecoin. Civil Enforcement Action against Company CFTC has a “civil enforcement action” in the US court against trading site PaxForex of Laino Group Limited. According to the Commodity Futures Trading Commission, the company […]
Genesis Mining conducted a study titled “Perceptions and Understanding of Money 2020” whose results show that Americans do not like the idea of digital money and they prefer paper money over digital money. Study of Genesis Mining 400 Americans participated in the study and gave the answers of 22 questions covering different topics: understanding of […]
Decentralized Finance (DeFi) has gained a high reputation in the crypto space in recent months, and prices of DeFi coins have recorded high performance. Rush in the DeFi space has also raised some concerns as it may pose some threats to crypto-economy. Decentralized finance endeavors to launch products that are not governed by a central […]
MDX500 Review If you are looking for a solid way of earning money on your investment, there is no better avenue to explore than trading in the financial markets. First off, there is no shortage of opportunities as there are thousands of trading instruments that you can invest in and there is no one stopping […]
The leaked documents of the U.S. Financial Crimes Enforcement Network (FinCEN) unveiled many untold truths about the watchdog and the world major banks. Leaked Documents of SARs The rules and regulations designed by FinCEN are not sufficient to counter illicit activities, such as money laundering. And the most interesting thing is that the world top […]
OKEx, one of the world’s top digital currency spot and derivative exchanges, has added support for the governance token of Uniswap UNI on its trading platform. According to the official announcement made by OKEx on September 17, 2020, the Malta-based cryptocurrency exchange has also offered a full suite of trading products as well for this […]
