On Aug 21, 2019, kompany announced that their API platform, BREX, had brought 5 more XRP Ledger validator nodes live, for a total of 6 nodes verifying thousands of transactions each, every day. And now there are 6 – We’re happy to announce that kompany’s #API Platform BREX has taken 5 more #RippleNet XRP Ledger...Read More
Paxful, a peer-to-peer Bitcoin marketplace established back in 2015, has decided to expand its services in East Africa after seeing significant growth in the region over the years. The expansion plan is part of Paxful’s long-term goal of providing financial services to the unbanked and underbanked across Africa. Paxful has established itself as one of...Read More
The Cameron and Tyler Wnklevoss-led cryptocurrency exchange, Gemini, was recently in the news after the exchange named David Damato as its new Chief Security Officer. The exchange is in the news again after it updated the crypto-community about its latest expansion. According to a blog post by Tyler Winklevoss, Gemini services will now be available...Read More
Tech Bureau is going out of business and Zaif will see an operational shift. The Japanese cryptocurrency exchange, Zaif, will see its operator switch from Tech Bureau to FISCO virtual currency exchange, according to an announcement made on August 22. As per a report from Crypto Watch Japan, Tech Bureau operated the exchange until November...Read More
The Tron Foundation entered the cryptocurrency market only in 2018, fairly late when compared to other cryptocurrencies. However, this hasn’t posed as a hindrance to the Tron Foundation’s growth as there seems to be no stopping to the Foundation’s accomplishments. Several people have speculated that Tron’s Founder and CEO, Justin Sun, and his marketing skills,...Read More
Vitalik Buterin was in the news after speaking to the newspaper, ‘Toronto Star’, and stating that “Scalability is a big bottleneck because the Ethereum blockchain is almost full.” High transaction fees are obstructing widespread adoption, he said. His words were, “If you’re a bigger organization, the calculus is that if we join, it will not...Read More
Sichuan province in China is well known for being a mining hub, thanks to the abundance of clean hydroelectricity available in the region at dirt cheap prices. However, the availability of cheap clean energy has also made the province a growing hub for illegal mining activities. Sichuan province was recently hit by flash floods which...Read More
Kraken, a San Fransisco-based cryptocurrency exchange, has been operating since 2013, making headlines consistently for its donations, funding, and issues with its site and API. OTC Head at Kraken, Nelson Minier, recently shared his journey into the cryptoverse, while also discussing the many developments in the Kraken ecosystem, in a recent podcast. Minier stated that...Read More
Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the...Read More
Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. What is missing however from the...Read More
Ripple has been touted as a disrupter in many ways to the legacy remittance service platforms; with the partnership with London-based remittance firm, Xendpay, Ripple is all set to extend the former’s initiative of ‘optional transfer fees’, where customers are given an option to waive fees with a service called Pay What You Want. According...Read More
The contentious stablecoin operator, Tether, is all set to issue a new stablecoin, CNHT, pegged to CNH, offshore Chinese Yuan Renminbi. The news was confirmed by Zhao Dong of DGroup, who spoke to ChainNews on August 21. RenrenBit, the digital asset management platform of Bitfinex shareholder, Zhao Dong, will be the first firm to invest...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
The Supreme Court of India was presented with arguments that questioned Reserve Bank of India’s [RBI] jurisdiction over contemplating a ban on crypto-activity on the basis of vagueness on August 20. The case resumed its hearing on the matter on August 21, with RBI’s counsel, Shyam Divan, listing disadvantages of cryptocurrencies as highlighted in the...Read More
The virtual asset industry hardly ever remains quiet for a long period of time. However, the price of the world’s largest cryptocurrency was pretty timid, at press time. Source: trading view Bitcoin’s price went up on the back of a tremendous run which started in April, with the valuation climbing by over 180% percent. Since...Read More
R3’s Corda Settler entered into a partnership with the centralized payments network, SWIFT in January 2019. R3 also commenced testing its Corda Settler payments engine with XRP, Ripple’s native cryptocurrency. The Brad Garlinghouse-led firm is often dubbed as a potential disrupter of the SWIFT network and the collaboration has been welcomed with open arms by...Read More
In an interview with podcaster Peter McCormack, Raoul Pal, Co-founder of Real Vision and former Head of Equity and Equity Derivatives at Goldman Sachs, stated that stock markets are massively overvalued. According to Pal, central banks would do their tricks and cut interest rates, and when the interest rates become negative, people pay the government...Read More
Tezos [XTZ], the seventeenth-largest coin by market cap, has witnessed rapid growth from the time of its launch. Recently, Tezos surpassed DASH and stood in the fifteenth position briefly, before falling again. The price of the coin, at press time, was falling by 3.48% over the last 24 hours. At the time of writing, the...Read More
The cryptocurrency industry continued to mature while eliminating FOMOs and FUDs at all stages. With the FOMO-fuelled spectacular but short-lived crypto rallies and FUDs-led dumps, the industry has begun to show signs of maturity. The market started off on a slow note in 2019 after the infamous Bitcoin crash the previous year. The market, however,...Read More
While government organizations are yet to choose sides for drafting crypto-related regulations, crypto-exchanges (that predominantly serve as the front door to crypto-adoption) must keep up with changing requirements, or risk shifting to different geographies. On a similar note, Veronica McGregor, ShapeShift’s Chief Legal Officer, spoke about the ongoing regulatory chaos and how the Switzerland-based crypto-exchange...Read More
Bitcoin has been in a dilemma ever since it hit the $13,800 mark on June 26, with the price having collapsed by 30% since then. A new dilemma that has now engulfed Bitcoin is the rising wedge pattern and the direction of its breakout. Source: TradingView As seen in the chart above, the price of...Read More
After New York Attorney General, Letitia James, led the office to victory on August 19, Bitfinex has finally taken a stance against the ruling. In a document filed before the court, the exchange stated, “PLEASE TAKE NOTICE that respondents iFinex Inc., BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations Lim ited, Tether Limited, and...Read More
The Tron Foundation updated the community about recent developments in its ecosystem through its weekly report. The report highlighted the progress of Tron over the past week. The community was elated by the fact that block height had exceeded 11.86 million, while registering 1,145 nodes in Tron ecosystem. Further, real-time accounts also grew and stood...Read More
TNC IT Solutions Group, a blockchain-based organization headquartered in Dubai, is set to commence the launch of its mergers and acquisitions [M&A] program, a first in the crypto and blockchain space. In its recent launch event held last July 2019 at the Rockefeller Center in New York, the group presented their M&A proposition as one...Read More
Rakuten Wallet announced the introduction of spot trading services for the virtual asset. Earlier this year, Rakuten, an e-commerce giant in Japan, had revealed that the organization had started accepting new account registrations for its newly launched cryptocurrency exchange, Rakuten Wallet. Now, at press time, the exchange revealed that the institution would be initiating a...Read More
When you are dealing with cryptocurrencies and its financial ecosystem, one has to be calculative and consider volatility and major price swings as an important factor before making any investments. Sharpe Ratio, a measurement tool which is regularly used in the traditional financial markets, allows traders and investors to assess the return on investment in...Read More
Ethereum is currently focused on upcoming hard fork Istanbul. However, this upcoming hard fork will not include the most-talked-about Ethereum Improvement Protocol, ProgPow. The main reason behind this move can be attributed to the security audit of the protocol. ProgPow has been one of the most-awaited upgrades as the protocols aim to tackle ASIC mining....Read More
Can the unstoppable force move the immovable object? Since the dawn of time, innovation is viewed from two different perspectives. One from the perspective of the innovator, and the other from the perspective of the innovation enforcer. With the world moving at such a fast pace, the unwritten rule is: innovate or perish, and in...Read More
The market experienced a surge in the number of transactions occurring between unknown wallets, as Bitcoin maintained its position above the $10,000 mark. The king coin was priced $10,413.87 at press time with a jump of 3.30% over the 24-hour cycle. As the crypto-market joined the bullish ride, the transfer of crypto coins also surged...Read More
One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in...Read More
