The US Securities and Exchange Commission’s (SEC) rigid approach is being called out by market participants, legal experts and industry insiders, all independently accusing the agency for its autocratic attitude and shortage of communication. The largest cryptocurrency trading platform in the US, Coinbase, publicly disclosed that it has been left in the dark by the …
Tag archives: Bitcoin
Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms
Seychelles’ Financial Services Authority (FSA) together with the country’s finance ministry, is reportedly working on a policy to either prohibit or license crypto trading platforms as registered international businesses. Increase in International Investigations of Crypto Platforms According to a report, the move by the FSA happens against the backdrop of a rising number of international …
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Central Bankers Say Bitcoin Is High Risk Investment, Poor Store of Value, Could Collapse
Two central bank governors have shared their opinions about bitcoin after the cryptocurrency became legal tender in El Salvador. The governor of the Bank of Mexico sees bitcoin as a high-risk investment and a poor store of value while the governor of Sweden’s central bank, the Riksbank, believes bitcoin could collapse. Central Bankers Continue to …
Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’
On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price swings.” Robinhood Rolls Out Recurring …
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El Salvador’s ‘Chivo’ Bitcoin (BTC) wallet allegedly has privacy issues
El Salvador’s proprietary ‘Chivo’ Bitcoin wallet officially launched earlier this week, but users have already been struggling with bugs within the app’s interface. And while most bugs users reported were minor errors when sending Lightning payments, a significant privacy issue was revealed within the app’s code. Matt Ahlborg, the head of research at BitRefill, pointed …
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Why Standard Chartered says Ethereum (ETH) could pump to $35,000
While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered already seems to have picked a side. The bank, in a recent research note, said Ethereum could outperform Bitcoin over the next few years, even stating it ‘structurally’ values the world’s second-largest cryptocurrency by market cap at over …
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Dydx Protocol Unlocks Airdrop Rewards; Users Get up to $50K
Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on the platform more than $50K worth of dydx. However, some …
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GoMeat Token – Empowering Local Specialty Stores Using Blockchain
press release PRESS RELEASE. GoMeat Services (https://gomeat.io) is a digital marketplace connecting consumers with their local specialty (halal/kosher) stores. Since its launch in 2019, GoMeat has processed over 6k orders and garnered over 5k loyal users. GoMeat application and website bring convenience to the doorstep of specialty consumers by providing web-based ordering and same-day delivery …
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Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace
Mastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s and Mastercard’s cyber security solutions. Mastercard Purchased Ciphertrace for Undisclosed Sum On Thursday, the financial payments giant Mastercard (NYSE: MA) …
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Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days
The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week. …
Data: Institutional investor sentiment continues to increase for Solana (SOL), Cardano (ADA)
The latest digital asset fund report from CoinShares showed that investor outlook on Bitcoin has become increasingly positive. While last week’s report showed Bitcoin lagged behind altcoins, which saw their highest inflows in the past three years, the latest data shows the market has broken an 8-weel spell of BTC outflows. Market sees inflows across …
Data shows institutions, not retail, are driving crypto DeFi Adoption
On-chain analysis firm Chainalysis has stated that the interest of institutional investors in decentralized finance (DeFi) apps and protocols have overtaken that of retail investors. Institutional investors dominate Defi According to the report, DeFi has recorded a terrific year and has enjoyed widespread user adoption and usage amongst crypto enthusiasts. However, institutional investors like hedge …
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Super Bowl Star Tom Brady, Supermodel Gisele Bundchen Star in $20M Ad Campaign for Crypto Exchange FTX
Seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen are featured in a new commercial for cryptocurrency exchange FTX. The company plans to invest $20 million in the ad campaign. Tom Brady and Gisele Bündchen Star in Commercial for FTX Tom Brady and Gisele Bündchen are in a commercial for cryptocurrency exchange …
Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use
press release PRESS RELEASE. GoCrypto, a solution allowing merchants to accept, store, withdraw and buy cryptocurrencies, announced the integration of Binance Pay into the GoCrypto system giving crypto adopters more options to use crypto as the mainstream means of payment as they are intended to be. The GoCrypto solution, developed by Elly – a fully …
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India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker
The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya …
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