Binance recently came under fire for purportedly suspending a Binance Singapore user’s Bitcoin withdrawal for some time after flagging the transactions as “risk management”. The platform notified the user that a few cryptocurrency withdrawals were made using coin-mixing service CoinJoin, which is part of the privacy-focused wallet Wasabi. Among other inquiries, the Binance Singapore team...Read More
The finance industry as a whole has been hesitant to embrace or adopt crypto in any forms, with many major figures within the industry claiming that Bitcoin and other digital assets are simply speculation tools that investors use to try to turn quick profits, rather than revolutionary technologies that could help usher in a new...Read More
“When things go wrong, those in power often promise to make it right. But do they?” I remember reading these lines in a New York Times news article, and for an uncanny reason, it reminded me of Bakkt and all the institutional investors that promised good days for Bitcoin, the promise of ‘Making Bitcoin Great...Read More
Binance recently invested in the cryptocurrency derivatives platform, FTX, as a part of its strategic partnership. Binance purchased equity in the derivatives firm and also purchased long positions in the FTT token. The partnership will aim to leverage FTX’s platform to build liquidity and institutional products offered across the Binance ecosystem. FTX, one of the...Read More
The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. Our mission is to bring cryptocurrency to the Middle East. We...Read More
Bitcoin skyrocketing, altcoins nosediving, scams, hacks, even central banks announcing digital currencies, 2019 had it all and then some. Looking at the onset of the next decade, the market has a lot in store. With the adoption of cryptocurrencies moving on from retail to institutions and then to sovereign, the bar for the most unlikely...Read More
Tim Draper, American venture capitalist and Bitcoin bull has come out in vocal opposition to India’s citizenship act, claiming Bitcoin could see collateral damage. For the past week, protests have been raging across major Indian cities around a recent amendment to the country’s Citizenship Bill, which according to critics is discriminatory on the basis of...Read More
When we talk about technological advancement or the financial landscape, China is a nation that remains omnipresent in the discussion. 2019 has been an eventful year for cryptocurrency and blockchain, and China’s involvement did not go unnoticed in the industry. Earlier this year, Xi Jinping, China‘s president vocally conveyed support for the blockchain technology but...Read More
The scalability trilemma, coined by Ethereum’s creator Vitalik Buterin, stated that a blockchain can “only at most have two” of the three aspects: decentralization, security, and scalability. With Proof-of-Work blockchains sacrificing scalability, Proof-of-Stake was touted as the approach forward. However, more and more exchanges are getting involved in the process of Staking, some have expressed...Read More
Optimism is currently a word forgotten from Bitcoin‘s dictionary! Since November, the largest digital asset has faced substantial volatility in the market, and it is fair to say, the altcoin market cap was equally affected as well. Ethereum registered a drop of over 8 percent on 17th December, causing the 2nd largest crypto to shed...Read More
Bitcoin tried CME and tested Bakkt in the derivatives market of 2019 In the past two years, few things in the cryptocurrency market have changed. Bitcoin and Satoshi impersonators are still running rampant, the SEC is still unclear on how to regulate token-issuances and Bitcoin is, yet again, ending the year on a higher-low. One...Read More
Ripple’s partnership with SBI and MoneyGram proved to be beneficial for expanding the digital asset’s use cases. During the Swell Conference of 2019, Ripple spoke about several partnerships it had kept undercover, which will be announced in 2020. As the year comes to an end, Ripple talked about three major themes of 2020 that might fuel...Read More
With many countries clarifying regulatory stance on crypto, U.S. Congressman Paul Gosar introduced a draft bill for the same. The bill dubbed the ‘Crypto-Currency Act of 2020’ was introduced to shed light on which Federal agencies regulate digital assets. These agencies will be required to notify the public of any Federal licenses, certifications, or registrations...Read More
The leading global crypto exchange, Binance announced its strategic investment in the cryptocurrency derivatives exchange, FTX, incubated by liquidity provider Alameda Research. The investment amount was not disclosed. With regard to the partnership, the Malta-based crypto platform and FTX will essentially work together to further develop the cryptocurrency ecosystem. According to the official blog post,...Read More
Binance, the Malta-based cryptocurrency exchange, has launched BCH/USDT (Bitcoin Cash) Futures contracts with up to 75x leverage on its Binance Futures trading platform. Binance Futures was in news recently for rolling out its Ethereum(ETH) Futures contracts up to 75 times leverage. It has now launched its third perpetual contract, BCH/USDT with leverage up to 75...Read More
Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. However, it has since radically morphed and evolved, while still addressing the initial needs. Even though there were multiple stablecoins before Tether, it now holds the...Read More
The crypto community has had a rough relationship with traditional financial institutions with limited solutions available. Around the world, both early and recent crypto users have had bank accounts closed, transactions rejected, unnecessary delays in receiving their funds, or worse. To add to this dilemma, the availability of trustworthy and regulated solutions where both your...Read More
Monetary sovereignty is the power of the state to exercise exclusive legal control over its currency but what if a person has this power within a hand’s reach? Prominent BTC investor Trace Mayer said, “Imagine being able to run a full node on your cell phone, like your daily cash where you’re holding your own...Read More
Digital asset management firm, CoinShares, published the second report this week of their bi-annual series called, ‘The Bitcoin Mining Industry’, which followed on from the previous issue, published back in June. The report detailed the geographic distribution of miners, the energy mix in play and the benefits Bitcoin mining can bring to the global economy. According to...Read More
Recently, digital asset management firm CoinShares published a report titled, ‘The Bitcoin Mining Network’, which spoke about break-even costs for miners, their geographical distribution and the effects of mining equipment on the Bitcoin network’s power draw. The report mentioned how certain segments of miners with the coveted combination of very cheap electricity and brand-new next-generation...Read More
Mankind is a dedicated race and our insatiable thirst for innovation has been evident through history. Humans are obsessed with speed. For us, anything faster is better. Major innovations like telephones and trains, improved our speed of communication and transport, whereas simple developments like food-delivery apps, increased our ability to access a cooked-meal under 20...Read More
Venezuelan government has been working on a state cryptocurrency named Petro which is supposedly tied to the price of the oil. In the latest development, eligible Venezuelan citizens will receive 0.50 Petro token from the government. President Nicolás Maduro announced that whoever wished to receive the giveaway amount, which is equivalent to $30, must register...Read More
Matic cryptocurrency which began its journey at the end of April, crashed to $0.018 earlier this week. Sandeep Nailwal, co-founder and COO at Matic Network called it a nightmare Just woke up to this nightmare due to a distress call by someoneIt will be clear very shortly that we are not behind this, as some...Read More
On the latest episode of the ‘On The Brink with Castle Island’ podcast, hosts Matt Walsh and Nic Carter of Castle Island Ventures spoke about recent ICO scams, Jack Dorsey’s activity with Square Crypto, and the effects of staking on a network. Walsh and Carter first spoke about the ShopIn ICO, where the failing business...Read More
On the most recent episode of The Scoop Live podcast, The Block’s Frank Chaparro spoke to president of Fidelity Digital Assets, Tom Jessop, a man hailed by CoinDesk as the man who could, “”bridge the gap between Wall Street and Crypto.” During the interview, Jessop spoke about how custody is a base requirement on the...Read More
Bottle Pay, a social media tipping site based on Bitcoin, announced the company’s shutdown on December 13 due to new EU guidelines. Launched in June 2019, the company shut down barely three months after it secured a $2 million seed funding round. In an official tweet, Bottle Pay says, To maintain our integrity as service...Read More
Remember Gerald Cotten? The CEO of Quadriga, Canada’s largest cryptocurrency exchange, who died last year with sole knowledge of the exchange’s $130 million cryptocurrencies, and turned out that he spent it on yachts, private jets and gold coins. Yes, that guy. His bankrupt-customers want to dig up his deceased body. According to a letter, dated...Read More
Binance, one of the largest cryptocurrency exchanges in the world, announced the launch of its new fiat gateway for Latin America. According to the company’s blog post, the new subsidiary will be called Latamex and was launched in partnership with Settle Network, Latin America’s largest digital asset settlement network. Binance launches Latamex to serve Latin...Read More
Over the past few months, MakerDAO has received significant attention from much of the crypto-community, both positive and downright critical. After developer Micah Zoltu recently revealed its massive vulnerability aspect, the community is still trying to wrap its head around how such a ‘centralized’ governance system could function in the crypto-ecosystem. In a recent interview...Read More
For most people, buying cryptocurrencies is just a click away; there are multiple options, credit cards, debit cards, and CashApp. However, even with a number of on-ramp options, the go-to option most people choose is buying a stablecoin. Why? Simply due to the fact that they are stable and are backed by assets with mild...Read More
