IMVU, the virtual hangout space and Second Life competitor, has launched a new in-game currency with real-world value. You may remember IMVU (pronounced “imm” + “view”) from the halcyon days of the late-2000s internet, when banners ads for the service felt inescapable. A hybrid between a social networking site and Read more…
Indian doctors have warned that the sale of unauthorized Covid-19 vaccines on the black market, where vendors ask for bitcoin as payment, is illegal. According to the doctors, the unsanctioned marketing of the vaccine to the elite is prevalent in the state of Karnataka. Some doctors say the Indian government Read more…
Bitcoin is recouping losses clocked in over the weekend, which isn’t a surprise to market participants servicing institutional investors. At last check, bitcoin was trading up more than 9% at more than $37,000. That’s a far cry from the levels over the weekend, when a wave of long liquidations of Read more…
A week after selling all the XRP in its Digital Large Cap Fund, crypto asset management company Grayscale Investments is terminating its XRP Trust. Grayscale’s announcement directly references the US Securities and Exchange Commission’s $1.3 billion lawsuit brought last month against Ripple Labs, the driving creative force behind the cryptocurrency, Read more…
“We have every millennial that works for us thinks we should have a major pricing, data services, software and participation,” said CEO Lance Uggla. Source Author: Danny Nelson
Bitcoin has undergone an extreme rally over the past day, surging from the $33,000 region past $37,000 as of this article’s writing. The cryptocurrency now sits above $37,000 for the first time since the weekend and is up 10% in the past day’s trading session. The cryptocurrency is outperforming altcoins Read more…
According to the International Chamber of Shipping, 90% of world commerce happens at sea. Vessels are transporting every possible kind of commodity, including raw materials and semi-finished and finished goods, making ocean transportation a key component of the global supply chain. Manufacturers, retailers, and the end consumer are reliant on Read more…
After Bitcoin price recorded an all-time high last Friday at $42K, the primary cryptocurrency finally went down for the anticipated correction following the enormous 3-month rally. BTC price soared from $10,500 to $42,000 without going through any significant correction. During the previous parabolic bull-run of 2017, there were several corrections Read more…
Grayscale Investments’ total assets under management (AUM) are now worth $25 billion in crypto according to the firm’s latest announcement on 13 January: 01/12/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $25.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC Read more…
The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses. The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the Read more…
The CEO of the Bitcoin futures and payments firm Bakkt says the company has plans to support multiple crypto assets aside from BTC. In an interview on the Axios Re:Cap podcast, Gavin Michael details the coming launch of Bakkt App, which is designed to give people a simple way to Read more…
Miami Mayor Francis Suarez sat down with Cameron and Tyler Winklevoss this past weekend for a far-reaching conversation about cryptocurrencies and the future of blockchain tech. The Winklevoss twins founded Gemini, which has grown into a cryptocurrency exchange and custodian, in New York in 2014 and have been based there Read more…
New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude. Negativity, Led By The Recent Ups and Downs of BTC Price New Zealand’s Financial Markets Read more…
The bogus broker alleges to hold a category 3 license, which allow firms to offer CFDs and forex contracts in Malta. Source Author: Aziz Abdel-Qader
Ethereum has rebounded from its overnight lows, but it’s slightly underperforming the benchmark cryptocurrency at the moment Bitcoin is now plowing past $35,000, with bulls picking up steam as they look to reverse the recent downtrend There’s a strong possibility that the market’s next trend will depend largely on whether Read more…
PRESS RELEASE. January 13, 2021 – T-Systems MMS, a subsidiary of the largest telecommunications provider in Europe, Deutsche Telekom, announces today a partnership with Flow blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot. T-Systems’ flagship deployment on Flow will be the operation of an Execution Read more…
Over the past several months, the Federal Reserve has been purchasing many leading assets as a means of keeping the U.S. economy somewhat stable during the coronavirus pandemic. This overspending and overprinting of traditional fiat money to ensure people have stimulus measures during the pandemic has caused many traders – Read more…
Business Intelligence firm, MicroStrategy, has announced that it will be hosting an online and accelerated ‘Bitcoin for Corporations‘ course on Feb 3 & 4 this year. Keynote speakers will include MicroStrategy CEO Michael Saylor and Stoneridge CEO Ross Stevens, amongst other representatives from digital asset service providers who will have Read more…
American internet infrastructure company Cloudflare has announced its foray into the distributed web today, revealing a partnership with the Ethereum Name Service (ENS) that will make ENS and Interplanetary File System (IPFS) domains more widely accessible. On January 18, the distributed web gateway service operated by the Ethereum Name Service Read more…
Over the past few days, some Coinbase customers in the United Kingdom and the EU could not access their accounts or faced restrictions on the exchange’s functions. In a post on Medium, Coinbase apologized to its customers for the recent customer service fails, with a promise to give priority solutions Read more…
Hardware wallet producer Ledger has been under heat for the breach of its database which led to the disclosure of over 270,000 of its customers’ data. After an investigation, the company has traced the possible culprit via Shopify, the e-commerce platform responsible for managing Ledger’s hardware wallet sales. Following the Read more…
Digital asset investment firm Grayscale is moving to dissolve the XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund. In a press statement circulated Wednesday, Grayscale cited the decision by the Securities and Exchange Commission to file suit Read more…
Chainlink has been severely underperforming Bitcoin throughout the past few weeks, with the crypto remaining well below its 2020 highs despite Bitcoin’s strength Many altcoins have seen similar performance, as the proverbial ‘altseason’ that investors are watching for remains elusive The crypto has seen a notable rebound throughout the past Read more…
The Office of the Comptroller of the Currency (OCC) has conditionally approved the Anchorage Digital Bank’s application application for a national trust charter, making it the first crypto bank allowed to opperate in all 50 states. Source Author: Nicholas Gans, Contributor
Fidelity Investments, a leading global asset manager interested in crypto, has increased its capital allocation to BC Technology Group. This firm runs the first crypto asset exchange to be licensed in Hong Kong, OSL. According to the regulatory filing, Fidelity increased its ownership stake from 5.29% to 6.29% after acquiring Read more…
Christine Lagarde, the President of the European Central Bank (ECB), believes that bitcoin requires a unified global regulation framework to work properly. Interestingly, Canadian businessman and Shark Tank star Kevin O’Leary also noted that the cryptocurrency could become “something of tremendous value” if world regulators back it up. ECB President Read more…
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing Read more…
Japan’s Financial Services Agency (FSA), the country’s securities regulator, has confirmed to The Block that it views XRP as a cryptocurrency and not as a security. The question has become relevant recently in light of the U.S. Securities and Exchange Commission’s allegation that by selling XRP the firm engaged in Read more…
Machine learning (ML) is used throughout the financial services industry to perform a wide variety of tasks, such as fraud detection, market surveillance, portfolio optimization, loan solvency prediction, direct marketing, and many others. This breadth of use cases has created a need for lines of business to quickly generate high-quality Read more…
Ethereum is notorious for its extremely high fees when the network activity amps up. In January, with ETH and DeFi tokens enjoying an uptrend and offering buy the dip opportunities, too much activity is making the platform costly to use. Popular DEX Uniswap, which has long been the biggest gas Read more…