Mainstream financial and government institutions have begun embracing blockchain and cryptocurrencies recently. PricewaterhouseCoopers is one such institution, with the auditing giant very open about getting into the space over the past few months. PwC is in the news again after PwC Luxembourg recently announced in a press release that it would start accepting payments made...Read More
Bitcoin has gone through a near-impossible feat of convincing global investors about its worth as the rightful replacement of gold, which has also led some to believe that “the demand for gold is adversely affected by the success of cryptocurrencies.” The recent Crypto Research Report stated, “As of yet, the correlation between gold and Bitcoin...Read More
In a recent interview, the founder and CEO of eToro, Yoni Assia shed light on the fact that several people anticipate or expect the 2008 financial crisis to repeat itself. This is primarily because the crypto investors expect a surge in the price of Bitcoin in such a case. The potential financial crisis would enable...Read More
The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto. Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved...Read More
Although the finance sector continues to find a common ground between the leading assets gold and Bitcoin, gold-backed cryptocurrencies are promising to bridge this divide. In this light, Crypto Research Report identified stablecoins as the latest competition for gold, and stated, “All of the gold-backed stablecoins on the market are centralized, which means they have...Read More
Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and...Read More
Popularly known for investing in innovative companies, Andreessen Horowitz hosted a private event in May assembling the financial watchdogs of Washington in order to persuade them to be more considerate toward cryptocurrencies. Andreessen Horowitz has invested in a number of projects including several blockchain and cryptocurrency-related projects. According to the Wall Street Journal, officials from...Read More
Messaging platform Telegram recently announced the launch of its native cryptocurrency, GRAM. The company revealed that the messaging giant’s blockchain would be compatible with Ethereum which would further allow users to operate Ethereum’s DApps on the Telegram blockchain through Solidity. The Telegram Open Network [TON], which is Telegram’s blockchain will publicly debut its testing today...Read More
Slow and steady, wins the race, the popular adage holds true for Bitcoin and FAANG stocks. Drawing parallels between the fable and current market, FAANG stocks emulate the speedy hare, one-directional and over-confident. While the slow tortoise can be envisioned in Bitcoin, always persistent and sets its own pace. The tortoise of this race, Bitcoin,...Read More
Coinbase, one of the largest crypto exchanges originating from the US might have to shift all European accounts to another licensed entity within EU, in case of a no-deal Brexit according to reports. A present, Coinbase operates an electronic money institution called CB Payments in the United Kingdom which is authorized by the UK Financial...Read More
Entrepreneur, investor, software engineer and a board member of Facebook, Marc Andreessen recently listed an array of parallels between the initial days of the Internet and the prevailing state of crypto. In a recent Crypto Regulatory Summit, one of the pioneers in the development of the internet, Andreessen begin the segment by talking about the...Read More
Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra. Citing Facebook’s strong global reach, the community regaled benefits of the social media giant’s entry into the...Read More
Grayscale Investments, a cryptocurrency asset manager reported its Assets under management [AUM] tripling from $926 million to a whopping $2.7 billion, in its Q2 report. Grayscale products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported 178.8% and 147.6%, respectively in returns, this quarter. Source: Grayscale Investments The company noted a strong quarter...Read More
Pantera CEO, Dan Morehead, highlighted 4 upcoming projects to research blockchain scalability and interoperability in their newsletter. They aim to spark further adoption and use-cases of blockchain technology. Progress in blockchain technology is often taken for granted, while developers work every day toward removing bottlenecks holding back mass adoption and scalability. Using decentralization against legacy...Read More
TRONSCAN, a blockchain browser for TRON community announced its support for the Sun-network, where it would be developing a block explorer for the Sun Network’s Dapp chain. The block explorer will be integrated into the TRONSCAN according to the latest TRON weekly report posted by TRON Japan. Check out the weekly report made by @TRON_JPN...Read More
The latest Binance Research, while showcasing China’s CBDC initiative, highlighted its possibility of being a renminbi (RMB) replacement. Creating a buzz in the context, the report read, “The People’s Bank of China plans to replace China’s M0 money supply with its CBDC. Several potential improvement areas were discussed as reasons to justify this move including...Read More
China’s aggressive push towards cryptocurrency has forced global economies to ensure a common-ground for crypto-innovations within their jurisdictions. Taking a closer into the Chinese government’s crypto initiative, Binance Research released a report that details on the People’s Bank of China’s (PBoC) proposed digital legal tender. Highlighting the primary concern, the report stated, “Following Facebook’s recent...Read More
Bitcoin futures platform Bakkt recently took the lead in terms of delivering substantial innovation for the crypto community. As per the company’s latest announcement over Twitter, “On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on...Read More
The latest XRP wealth distribution statistics showed interesting insights into rising trends by the XRP holders over a period of three months. According to the latest XRP Richlist Stats, which monitors the trend line for the XRP wealth distribution, only 0.01% of the total XRP accounts have a balance of more than 14,231,299 XRP, which,...Read More
A plethora of advances made by the XRPL developers in terms of solidifying XRP’s usage have enhanced the coin’s adoption rates. The creator of popular XRPTipBot, a platform that enables sending and receiving of XRP tokens on social media platforms like Discord, Twitter and Reddit, XRPL Labs’ Lead Developer Wietse Wind was on the forefront...Read More
As crypto businesses have started to make the move into crypto-friendly geographies to avoid risk of shutting down, Switzerland made headlines on the other side of this spectrum by announcing banking licenses to two cryptocurrency-focused banks. According to the official report, “For the first time, FINMA has issued banking and securities dealers’ licences to two...Read More
Tron Foundation’s Justin Sun hasn’t steered away from the spotlight. In a recent interview with Freewallet, Sun shared his thoughts on ongoing ventures in the ecosystem. Sun began the segment by talking about potential partnerships in the industry. He suggested that the conglomeration of resources and ideas influences growth of the space. He also assured...Read More
Binance announced the launch of a platform termed as Binance Lending, which would allow users to acquire and lend their virtual assets, while asset holders would also be able to gain interest and improve their token balances. It was revealed that Lending products would be available for Binance Coin and Tether (USDT) on a subscription...Read More
Early Bitcoin investors and founders of Gemini, Cameron and Tyler Winklevoss were making news even before they entered the crypto space. They were famous for suing Mark Zuckerberg over Facebook, and their journey was documented in the movie ‘Social Network’. The Winklevoss twins were interviewed by Today, where they were asked about their opinion on...Read More
Securitize, a company that converts assets to tokens and manages digital securities on the blockchain, has been registered as a transfer agent with the United States Securities and Exchange Commission. While this will give them the freedom to maintain records for the transfer of securities, the company also claims that being SEC-compliant will help boost...Read More
Blockchain.com will integrate Polkadot tokens into its wallet following a new partnership in order to drive more decentralization. Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot. Driving decentralization On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the...Read More
Beating the general narrative of crypto resistance from the U.S. government, Everex, the payments and trading platform just announced the issuance of “full Money Transmitter (MSB) License” from the New Jersey Department of Banking and Insurance. The information was brought to light through Everex official Twitter handle, which read, “We’re excited to announce that New...Read More
The ‘IAMAI Vs RBI’ case took an unexpected turn, as the Supreme Court was met with several arguments from the petitioners’ end about the RBI’s jurisdiction where the petitioner presented the court with the exchanges’ plea asking a reconsideration of the ban. Justice Nariman said Exchanges are not asking to uplift the ban, but they...Read More
American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. In an interview with CNBC on Aug. 20, Pompliano said that every single...Read More
In an ongoing race to ensure sustainability, crypto businesses are hiring the best brains in the crypto market. In this light, Blockstream co-founder Matt Corallo recently joined Square Crypto, the crypto arm of payments company Square. The information was made public through an official tweet from Square Crypto, which read, “BIG NEWS: Please welcome @TheBlueMatt...Read More
