Central banks push for heavy-duty regulation of centralized, privately-issued global stablecoins and consider prohibiting decentralized ones. Fiat-pegged cryptocurrencies are coming under scrutiny, based on recommendations from the Financial Stability Board. The Financial Stability Board (FSB) released a document addressing the regulatory, supervisory, and oversight challenges raised by global stablecoins. The document, although only Read more…
Western Union is not giving up on the potential of cryptocurrency and continues to test the digital asset XRP. According to a 2020 research report from Credit Suisse, the money transfer giant is exploring whether the technology can boost the speed and lower the cost of international payments. Researchers say Read more…
Huobi Group is launching an on-chain analytics tool for the monitoring of illicit cryptocurrency transactions. Huobi’s Star Atlas tool provides a method for tracking on-chain asset flows in real-time. With the launch, Huobi becomes the latest entrant in a market that has primarily catered to governments, law enforcement and financial Read more…
The largest cryptocurrency exchange Binance, announced that it will be offering trading in options exclusively on its mobile app. This news comes after the exchange hinted about testing options trading earlier this month. Binance Launches Bitcoin Options Trading Binance has officially launched options trading on the exchange’s latest version of its mobile Read more…
Crypto miners in Washington will have to pay higher rates for the electricity they use for mining. Issue comes due to the mining surge in 2017, which led to the creation of a new ‘Evolving Industries’ class. The miners filed a complaint, noting that this is no longer the situation, Read more…
More analysts than ever are encouraging young people to take advantage of the current market dip and begin investing in Bitcoin for retirement. Whereas this idea is nothing new, current forces in the legacy financial space are making it more appealing. At least one analyst asserts that a mere one Read more…
Pantera Capital co-founder and chief executive Dan Morehead says he believes Bitcoin will explode in a matter of months. In a new episode of What Bitcoin Did, Morehead says he expects central banks to steadily debase fiat currencies in response to the coronavirus crisis, leaving investors to seek alternative assets with a Read more…
North Korea has been utilizing a Hong Kong-based blockchain firm to launder cash, in accordance to a quarterly report from the UN Safety Council’s Sanctions Committee on North Korea. As reported by South Korean newspaper Chosun, North Korea employed a delivery and logistics agency known as Marine China, which runs on Read more…
It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. SCAMMERS NEED TO PUT IN Read more…
Peter Schiff, a well-known economist and renowned author, has taken another stab at Bitcoin. As he commonly compares the digital asset with gold, outlining its lack of intrinsic value, the expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Peter Schiff Back To Read more…