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
Lightning Network [LN], the micropayment protocol that was essentially created to enable instant, low-cost Bitcoin transactions, is all set to make multi-path payments interoperable. According to a recent Decrypt report, sending larger payments across the LN will be possible in the near term. Samson Mow, Chief Strategy Officer at Blockstream, told the media outlet, “Multi-path...Read More
Recently, Falcon Private Bank published the latest edition of the Falcon Crypto Monthly report, a publication that addressed Bitcoin and altcoin market movements over the last month and derived insights through technical analysis of the data. According to the report, the cryptocurrency market failed to consolidate above important support levels in November, trading just below...Read More
Despite a controversial back and forth with Bitfinex and the New York Attorney General’s Office, Tether has managed to remain popular and dominate the digital asset market in 2019. The demand for Tether was also highlighted by OKEx recently launching Tether-Futures Margin Trading on its platform on 5 November. The world’s largest stablecoin with a...Read More
Bitcoin and XRP were the world’s largest virtual assets going into 2019. However, while Bitcoin continues to dominate the market over the year, Ethereum did manage to overtake XRP on the cryptocurrency charts. Over the course of the last twelve months, Bitcoin and Ethereum have recorded a period of prolific performance, with the two crypto-assets...Read More
What is Cubed? Cubed develops a suite of payment solutions so merchants can accept digital currencies both at the point of sale and through online stores. Cubed is a blockchain-as-a-service provider that is designed to be used alongside conventional fiat payments. Their innovative system enables merchants to seamlessly accept cryptocurrencies and digital currencies with the...Read More
San Francisco-based blockchain firm, Ripple, expanded its services to the Philippines with its strategic partnership with SendFriend at the beginning of this year. The money transfer company leverages the digital asset XRP and builds on top of the Interledger Protocol [ILP] to move funds internationally, on-demand. Now, it would seem that SendFriend is claiming to...Read More
David Rutter, CEO and Founder of R3, was recently interviewed on the sidelines of the 2019 FinTech Week in Hong Kong. The CEO of R3, a firm which he defined as “an enterprise software company that uses the power of distributed computing to solve business problems,” addressed a host of issues during the interview. These...Read More
The Swiss government has knocked the proposal of creating a central bank digital currency off the table in response to the Swiss Parliament requesting the government to look into the prospects of creating an e-franc in the future. According to a press release published on the Federal Council’s website on December 13, the council gave...Read More
From the lens of the mainstream financial world, the regulatory centre of the digital currency market is the US Securities and Exchange Commission [SEC]. Well, cryptocurrencies do not play to the same tune as the rest, especially in terms of control. While the SEC is an important part of the overall regulatory paradigm (And price...Read More
Weibo, one of China’s major microblogging platforms, is in the news after it blocked the accounts of TRON Founder, Justin Sun, and Binance Co-founder, Yi He, earlier this week. The move, in turn, has had a direct impact on the price of TRX, TRON’s native token. The cryptocurrency depreciated slightly over the course of 24...Read More
Venture capital firm Blockchain Capital recently published its State of Crypto 2019 report, with a section of the publication giving an in-depth look into CBDCs, Libra, and the state of cryptocurrency usage in nation-states, retail, and institutional market segments. According to the report, crypto-assets are moving from the fringe to mainstream adoption across all three...Read More
In today’s blockchain landscape, there has been a significant rise in exchange tokens. These tokens are essentially issued by crypto-exchanges to incentivize participants who use their platform. Some of the upsides of these tokens include discounted trading fees, market-making rewards, and token burn mechanisms. Source: CoinMarketCap | BNB Binance pioneered the exchange token and its...Read More
Bakkt has come a long way since its launch on 23 September. After stuttering initially with low trade volumes, with the exchange recording trades of only 71 BTC on the first day, Bakkt has taken major strides in the market over the past few months. According to a press release released by Intercontinental Exchange or...Read More
Despite the tremendous success Bitcoin has racked up over a decade of existence, the world’s oldest cryptocurrency has been plagued with privacy issues. This apparent “weakness” of Bitcoin gave rise to the need for privacy-focused coins. And even as these coins are a reaction to the realization that Bitcoin isn’t private, privacy coins remain largely...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
Digital gold, for now, is a long shot. Since its conception, Bitcoin has longed to overtake the premier store-of-value of the modern financial gold, its traditional and tangible equivalent, gold. While the cryptocurrency and the commodity have seen a strong battle throughout 2019, fighting candle-and-stick to stake their claim at being the hedge against collapsing...Read More
Arcane Crypto’s research division, Arcane Research, recently published the 50th issue of its weekly update report this year. Among a host of topics, the report touched upon Bitcoin blockchain activity and the changes to its price valuation over the last seven days. At press time, Bitcoin was priced at $7233 with a market cap of...Read More
Days after the DigiByte controversy broke out, cryptocurrency exchange Poloniex has announced that it is updating its listing and delisting policies. According to the official blog post, projects could be delisted if it no longer satisfies certain important criteria that the exchange looks for in its listed assets The blog read, “As part of our...Read More
According to data from BitInfoCharts, mining profitability on the Monero blockchain has plummeted to new lows, showing returns that are lower than even those recorded between February and March, earlier this year. The chart also showed that profitability has been dropping since late June, marking an almost 87.4% drop in profitability since. This drop in...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
Binance, one of the world’s largest cryptocurrency exchanges, has entered into a strategic partnership with Paxful, a peer-to-peer Bitcoin platform, to improve accessibility to digital assets across the globe. The Changpeng Zhao-led exchange has been extremely active in its quest to increase crypto-adoption and facilitate better liquidity in the industry. The present development is yet...Read More
The research division at Arcane Crypto AS, Arcane Research, recently published its weekly update report, a document that spoke about cryptocurrency market activity on both exchanges and P2P platforms, while also touching on Bakkt statistics and Bitcoin’s price action over the past seven days. In the report, Arcane Research pointed out how the market had...Read More
BitMEX, the world’s largest exchange in terms of reported volume, has announced its support for Bech32 address format. Users will now be able to withdraw Bitcoin via the native SegWit format. The exchange announced, “As of today, BitMEX is delighted to announce that customers can withdraw to all three address formats.” At press time, BitMEX...Read More
“We are not a regulated entity because we are… And I don’t think the network layer should ever be regulated,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. Both Ripple and Stellar have explored ways to make cross-border payments easier. While the former has repeatedly called for an international framework for...Read More
The introduction of Libra was met with a lot of reaction from all corners of the crypto-space, with many hotly contesting the utility and functionality of Facebook’s crypto-project. In an exclusive interview with a media outlet, CoinMetrics’ Nic Carter claimed that the social media company has made a huge miscalculation with the Libra project. Carter...Read More
Security is one of the key evolving aspects of the crypto-industry and the cryptocurrency market. Over the years, many exchanges across the world have fallen victim to hacks. These incidents often raise a lot of questions within the community, especially with regard to the credibility of certain asset custodians. On a recent edition of Untold...Read More
In a recent interview, Bitcoin Cash’s Roger Ver, hailed by many as “Bitcoin Jesus” in the community, spoke about the use of cryptocurrencies in times of financial crises, the upcoming Bitcoin halving and the challenges cryptocurrencies face today. During the interview, Ver said that he thinks financial crises are not inevitable, adding that they are...Read More
The Matic Network’s MATIC token broke Crypto-Twitter recently after its price plummeted by about 70.75% in just three hours. Following the same, a lot of people suspected foul play, with the founder of a cryptocurrency evaluation platform, Validity, Samuel JJ Gosling, alleging that the platform had sent over 1.5 billion tokens worth $70 million MATIC...Read More
