Crypto’s core ethos is that of bringing fairer financial services to all users, regardless of their age, race, gender, or industry connections. It’s easier said than done, however, with some activities in crypto circles these days mirroring those of the ‘traditional’ finance world. Take Initial Coin Offering (ICOs), or their newer cousin, Initial DEX Offerings …
Continue reading “6 ways ScaleSCORE brings fairness to the crypto IDO ecosystem”
Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don’t have much choice when protecting their assets, and only an estimated $2 billion of DeFi’s $100 billion TVL is insured. Needless to say, crypto and DeFi are still in the exploratory phase in finding an optimal insurance solution. Exploits …
In 1940, the chances of children outperforming their parents in terms of income was 41%. In 1980, this decreased to 8%, according to Opportunity Insights. Given the current inflation trajectory followed by wide-scale suspension of economic activity throughout 2020, it seems likely that social mobility compared to previous generations will continue to decline. One way …
Continue reading “Beginner’s guide to margin trading cryptocurrencies”
End of an era? Binance’s CZ to possibly step down amidst regulatory tensions As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a …
Continue reading “Malaysian regulators order Binance to disable operations within 14 days”
Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, …
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on …
July 30th marks the day, six years ago, Ethereum was launched. The Bitcoin.com Wallet, having just integrated Ethereum, is excited to celebrate the achievements of the world’s premier smart contract platform – and to do so, we’re giving away $6000 in Ether (ETH), the native currency and the ‘fuel’ of the Ethereum network. What Is …
Continue reading “Bitcoin.com Celebrates Ethereum’s Birthday With $6000 Giveaway”
The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by …
Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash. The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission. The fallout has seen payment processing partners jump ship, leaving …
Continue reading “Binance looking to setup physical headquarters following regulatory backlash”
Dan Held, the Director of Growth Marketing at crypto exchange Kraken, expects Bitcoin to reach a market cap of up to $200 trillion. This would price BTC at around $9.5 million per token. “It’s a wild range of numbers, but I think Bitcoin’s market capitalization should be between ten and two hundred trillion…” The leading …
Payment processors that facilitate the immediate transfer of crypto into fiat currency and enable acceptance of Bitcoin (BTC) payments for e-commerce, point-of-sale, invoicing and remittance, have a finger on the pulse of the everyday economics of cryptocurrency adoption. Crypto payment gateway Triple A, summarized what El Salvador’s adoption of Bitcoin as official currency on September …
Continue reading “El Salvador to officially adopt Bitcoin as legal tender on September 7”
Although it’s possible to draw comparisons between almost any two blockchain development platforms, comparing Ethereum with Polkadot is almost an inevitability. Not only on the technical level – they use a comparable architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. …
Continue reading “Polkadot – Vitalik’s Nightmare or a Blockchain Dream Come True?”
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan …
Continue reading “Digital Yuan to Promote International Use of Chinese Currency, Experts Say”
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these …
Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator …
Continue reading “Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally”
