In the time following Bitcoin’s intense decline below $7,000 yesterday, the benchmark cryptocurrency has since been able to stabilize above its near-term support at $6,800. It now appears that all of this recent trading simple marks BTC being firmly rangebound, as the cryptocurrency has been establishing a relatively tight trading Read more…
The price of oil flipped negative for the first time in history. This is a testament to the fact that these are extraordinary times. The reaction that we are currently seeing on the stock market and in the cryptocurrency, market is primarily fueled by preemptive measure to stop the spread Read more…
Over a third of people say that the main use for digital currencies such as Bitcoin is for online payments and purchases, according to a recent survey. The survey by the Economist Intelligence Unit and digital payments platform Crypto.com found that 34% of the 3,000 respondents believed digital currencies are primarily for online payments Read more…
The Inland Revenue Authority of Singapore’s (IRAS) e-tax guide fills in the tax gaps for so-called “digital tokens,” a catch-all for three crypto types: payment tokens, used to by goods and services; utility tokens, which represent a right to goods and services; and security tokens, or digital securities. Each has a new Read more…
Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network, in conjunction with the central bank and major commercial banks in Argentina including Santander and BBVA. The solution is aimed speed up fiat payments, make them more reliable and Read more…
The People’s Bank of China (PBoC) has officially confirmed the pilot of its central bank digital currency (CBDC). Rolled out across four cities so far, its broader aim is to ready the digital Yuan for use in the 2022 Winter Olympics, held in Beijing. Tests to improve the functionality of Read more…
Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market. The benchmark cryptocurrency fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into negative territory for the first time. The two assets remain non-correlated, but Read more…
Basically, a software program, a cryptocurrency wallet, is a secure digital wallet that stores public and private keys. It enables users to store, send, and receive digital currencies and monitor their balance. How Does It Work? Crypto wallets do not store currency, unlike traditional fiat wallets. It is a known Read more…
A well-known, albeit controversial crypto supporter, John McAfee, recently announced a new crypto. McAfee calls his new coin ‘Ghost,’ and he says that it will be a privacy coin. With a combination of his DEX and a new privacy coin, users will have full control over their funds. Famous programmer Read more…
In December of 2018, Ethereum World News hinted that Binance Coin (BNB) was one of those coins every long term crypto investor should have on their radar. Back then, the coin was valued at approximately $4.30. In March 2019, EWN once again pointed out the potential of BNB to break records in the Read more…