Tether Goes Beyond the $15 Billion Market Milestone
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The U.S. Dollar-backed stablecoin Tether(USDT), just hit and surpassed the $15 billion in total market capitalization, according to a twitter post. Driven by the booming decentralized finance, it was able to hit the milestone on September 17.
Tether’s market cap increased by $3 billion in just ...
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By: Wayne Jones
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#Binance #Bitfinex #ERC20 #Ethereum #Stablecoin #USD
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The U.S. Dollar-backed stablecoin Tether(USDT), just hit and surpassed the $15 billion in total market capitalization, according to a twitter post. Driven by the booming decentralized finance, it was able to hit the milestone on September 17.
Tether’s market cap increased by $3 billion in just ...
- Read More
By: Wayne Jones
___
#Binance #Bitfinex #ERC20 #Ethereum #Stablecoin #USD
The EU Intends for Crypto-assets Regime to be Up and Running by 2024
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The European Union (EU) intends to introduce a set of rules in the next four years that will utilize blockchain and crypto-assets such as stablecoins to reduce the hustle of cross border payments.
The Sun newspaper published a report stating that two EU documents have explained its strategy to...
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By: Wayne Jones
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#BlockchainTechnology #Covid19 #CryptoAssets #DLT #MasterCard #Visa
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The European Union (EU) intends to introduce a set of rules in the next four years that will utilize blockchain and crypto-assets such as stablecoins to reduce the hustle of cross border payments.
The Sun newspaper published a report stating that two EU documents have explained its strategy to...
- Read More
By: Wayne Jones
___
#BlockchainTechnology #Covid19 #CryptoAssets #DLT #MasterCard #Visa
Staking Sets as the Trending Crypto Investment in 2020
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Over the last year, more people have been paying attention to staking to earn passive income with crypto. Averting from the widespread belief that huge profits can only be made from buying cryptocurrencies at low prices and selling them when prices go up, staking seeks to reduce PoW risks.
As...
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By: Wayne Jones
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#Cardano #FigmentNetworks #MyContainer #PoS #PoW
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Over the last year, more people have been paying attention to staking to earn passive income with crypto. Averting from the widespread belief that huge profits can only be made from buying cryptocurrencies at low prices and selling them when prices go up, staking seeks to reduce PoW risks.
As...
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By: Wayne Jones
___
#Cardano #FigmentNetworks #MyContainer #PoS #PoW
Money Laundering Problems Solvable through Cryptocurrencies
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Leaked documents supposedly exposed HSBC involvement in fraudulent transfers of millions of dollars worldwide despite the knowledge of the same. However, the documents provided mere speculations, and the accusations are yet to be confirmed. The United Nations estimates that around $5.5 billion of...
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By: Wayne Jones
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#AML #Blockchain #CBDCs #Cryptos #HSBC #UN
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Leaked documents supposedly exposed HSBC involvement in fraudulent transfers of millions of dollars worldwide despite the knowledge of the same. However, the documents provided mere speculations, and the accusations are yet to be confirmed. The United Nations estimates that around $5.5 billion of...
- Read More
By: Wayne Jones
___
#AML #Blockchain #CBDCs #Cryptos #HSBC #UN
Babel Finance Vision to Lower Bitcoin Volatility and Increase Adoption
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Understanding Babel Finance's vision to the Bitcoin community requires a look into crypto volatility. The crypto industry is known for the huge investments it brings on the table. However, a major downside is its unpredictability of bitcoin and others in terms of pricing. In turn, it is the main...
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By: Wayne Jones
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#Bitcoin #BlockFi #Coinbase #CryptoVolatility #DeFi #Gemini
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Understanding Babel Finance's vision to the Bitcoin community requires a look into crypto volatility. The crypto industry is known for the huge investments it brings on the table. However, a major downside is its unpredictability of bitcoin and others in terms of pricing. In turn, it is the main...
- Read More
By: Wayne Jones
___
#Bitcoin #BlockFi #Coinbase #CryptoVolatility #DeFi #Gemini
Big Data Analytics: 3 Ways it Benefits Cryptocurrency Industry
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Data analysis is the process of examining, cleaning, modifying, and modeling information. The goal of data analysis is highlighting valuable information, drawing necessary conclusions, and supporting decision making. Data analysis has different approaches comprising many techniques depending on...
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By: Wayne Jones
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#Blockchain #Cryptocurrency #DataAnalysis #DataScience #ELearning #Intellipaat
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Data analysis is the process of examining, cleaning, modifying, and modeling information. The goal of data analysis is highlighting valuable information, drawing necessary conclusions, and supporting decision making. Data analysis has different approaches comprising many techniques depending on...
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By: Wayne Jones
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#Blockchain #Cryptocurrency #DataAnalysis #DataScience #ELearning #Intellipaat
Big Data Analytics: 3 Ways it Benefits Cryptocurrency Industry
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Data analysis is the process of examining, cleaning, modifying, and modeling information. The goal of data analysis is highlighting valuable information, drawing necessary conclusions, and supporting decision making. Data analysis has different approaches comprising many techniques depending on...
- Read More
By: Wayne Jones
___
#Blockchain #Cryptocurrency #DataAnalysis #ELearning #Intellipaat
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Data analysis is the process of examining, cleaning, modifying, and modeling information. The goal of data analysis is highlighting valuable information, drawing necessary conclusions, and supporting decision making. Data analysis has different approaches comprising many techniques depending on...
- Read More
By: Wayne Jones
___
#Blockchain #Cryptocurrency #DataAnalysis #ELearning #Intellipaat
Vechain Leading in Supply Chain DLT; Bitcoin DLT Leads Against Gold
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On the 24th of September, a Reddit post suggested that Vechain takes the lead in supply chain DLT, while bitcoin DLT takes the lead against gold. To know more about the previous suggestion, let us understand more about DLT, Bitcoin, and Vechain.
DLT is a vital technological innovation in...
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By: Wayne Jones
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#Bitcoin #BlockchainSolutions #DigitalGold #DLT #SupplyChain
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On the 24th of September, a Reddit post suggested that Vechain takes the lead in supply chain DLT, while bitcoin DLT takes the lead against gold. To know more about the previous suggestion, let us understand more about DLT, Bitcoin, and Vechain.
DLT is a vital technological innovation in...
- Read More
By: Wayne Jones
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#Bitcoin #BlockchainSolutions #DigitalGold #DLT #SupplyChain
KuCoin Exchange Cyberattack; Losses at about $200 Million in Crypto
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KuCoin, in a statement on September 26, said that according to an internal security audit report, it discovered several large crypto withdrawals. The tokens included bitcoin, Ethereum (ERC20), and more than 150 other tokens from different hot wallets.
The exchange remained silent on the...
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By: Wayne Jones
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#Bitfinex #BitMax #ByBit #CryptoHack #OKEx #Tether #Uniswap #VeloLabs #WhaleAlert
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KuCoin, in a statement on September 26, said that according to an internal security audit report, it discovered several large crypto withdrawals. The tokens included bitcoin, Ethereum (ERC20), and more than 150 other tokens from different hot wallets.
The exchange remained silent on the...
- Read More
By: Wayne Jones
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#Bitfinex #BitMax #ByBit #CryptoHack #OKEx #Tether #Uniswap #VeloLabs #WhaleAlert
The FCA On Cryptenix; Unauthorized Cryptocurrency Trading Platform
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On the 28th of September 2020, the Financial Conduct Authority, FCA, took to its website to warn about Cryptenix. Cryptenix is a cryptocurrency trading platform based in the UK. As per the FCA, there is a lot of information showing that Cryptenix is carrying on regulated financial activities;...
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By: Wayne Jones
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#Cryptenix #CryptoTrading #EthereumCrypto #LTC
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On the 28th of September 2020, the Financial Conduct Authority, FCA, took to its website to warn about Cryptenix. Cryptenix is a cryptocurrency trading platform based in the UK. As per the FCA, there is a lot of information showing that Cryptenix is carrying on regulated financial activities;...
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By: Wayne Jones
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#Cryptenix #CryptoTrading #EthereumCrypto #LTC
RG Coin Money Laundering Owner, Rossen Iossifov, Convicted
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On 28th September 2020, the United States Department of Justice, in a public release, announced the conviction of RG Coin owner. The Bulgaria national was guilty of his role in a transitional and multi-million dollar scheme to defraud Americans victims via online auction fraud.
The former...
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By: Wayne Jones
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#Bitcoin #CryptocurrencyFraud #DOJ #EBay #MoneyLaundering
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On 28th September 2020, the United States Department of Justice, in a public release, announced the conviction of RG Coin owner. The Bulgaria national was guilty of his role in a transitional and multi-million dollar scheme to defraud Americans victims via online auction fraud.
The former...
- Read More
By: Wayne Jones
___
#Bitcoin #CryptocurrencyFraud #DOJ #EBay #MoneyLaundering
Venezuela Approves DeFi for Trading Stocks and Derivatives on Ethereum
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The National Superintendency of Securities of Venezuela (Sunaval) approved the activity of decentralized electronic trade. One can trade shares, fiat cash, protections, obligation protections, or digital forms of money. It is a DeFi venture on the Ethereum network whose trials will proceed for...
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By: Wayne Jones
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#CryptoDerivatives #DeFi #Ethereum #NationalSuperintendencyOfSecurities #StockExchange
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The National Superintendency of Securities of Venezuela (Sunaval) approved the activity of decentralized electronic trade. One can trade shares, fiat cash, protections, obligation protections, or digital forms of money. It is a DeFi venture on the Ethereum network whose trials will proceed for...
- Read More
By: Wayne Jones
___
#CryptoDerivatives #DeFi #Ethereum #NationalSuperintendencyOfSecurities #StockExchange
IOTA Deploys the Scalable and Feeless Pre-Alpha Smart Contracts
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On the 2nd of October 2020, IOTA announced the release of the IOTA smart contract protocol (ISCP). IOTA foundation in a press release stated that the pre-alpha smart contracts are the first scalable and fee-free of smart contracts, especially in a DAG built on a UTXO ledger.
The statement...
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By: Wayne Jones
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#DAG #IotaFoundation #ISCP #RustProgramming #SmartContracts #UXTOLedger #WasmVM #Wasp
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On the 2nd of October 2020, IOTA announced the release of the IOTA smart contract protocol (ISCP). IOTA foundation in a press release stated that the pre-alpha smart contracts are the first scalable and fee-free of smart contracts, especially in a DAG built on a UTXO ledger.
The statement...
- Read More
By: Wayne Jones
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#DAG #IotaFoundation #ISCP #RustProgramming #SmartContracts #UXTOLedger #WasmVM #Wasp
SEC Charges John McAfee Over Fraudulently Promoting ICOs on Twitter
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On the 5th of October 2020, the Securities and Exchange Commission, SEC, charged businessman and computer programmer John McAfee for fraudulently touting ICOs. McAfee is the developer of the eponymous anti-virus software. The computer programmer advertised seven initial coin offerings to his...
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By: Wayne Jones
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#AntiFraud #ICO #ICOFraud #VirtualCurrencies
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On the 5th of October 2020, the Securities and Exchange Commission, SEC, charged businessman and computer programmer John McAfee for fraudulently touting ICOs. McAfee is the developer of the eponymous anti-virus software. The computer programmer advertised seven initial coin offerings to his...
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By: Wayne Jones
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#AntiFraud #ICO #ICOFraud #VirtualCurrencies
UK Financial Watchdog FCA Bans Crypto Derivatives for Retail Consumers
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On Oct 6, 2020, the UK Financial Conduct Authority (FCA) prohibited the sale of crypto-derivatives to retail customers. The ban designed to offer adequate protection to retail clients applies to all domestic and overseas crypto businesses operating within the United Kingdom.
The FCA...
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By: Wayne Jones
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#CryptoAssets #CryptoDerivatives #Cybercrime #ETNs #UK
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On Oct 6, 2020, the UK Financial Conduct Authority (FCA) prohibited the sale of crypto-derivatives to retail customers. The ban designed to offer adequate protection to retail clients applies to all domestic and overseas crypto businesses operating within the United Kingdom.
The FCA...
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By: Wayne Jones
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#CryptoAssets #CryptoDerivatives #Cybercrime #ETNs #UK
Bank of Canada Reports the Risks in CBDCs, Especially Storage
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The Bank of Canada recently delivered a report on the risks and benefits of a central bank digital currency.
In its October 5 report, The Bank of Canada wrote that digital currency (CBDC) based on anonymous tokens would pose a particular security risk. These risks, it continued, arise from how...
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By: Wayne Jones
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#CBDCs #DigitalYuan #EWallets #EuropeanCentralBank
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The Bank of Canada recently delivered a report on the risks and benefits of a central bank digital currency.
In its October 5 report, The Bank of Canada wrote that digital currency (CBDC) based on anonymous tokens would pose a particular security risk. These risks, it continued, arise from how...
- Read More
By: Wayne Jones
___
#CBDCs #DigitalYuan #EWallets #EuropeanCentralBank
China Central Bank Reveals Official Results for First Digital Yuan Trials
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At the virtual SIBOS banking meeting, People's Bank of China (PBC) Deputy Governor Fan Yi Fei shared figures about the digital yuan trials. There have been over 3,000,000 exchanges adding up to RMB 1.1 billion ($160 million) through to late August utilizing the central bank digital...
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By: Wayne Jones
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#CBDC #Covid19 #DigitalCurrency #PFMI #SIBOS
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At the virtual SIBOS banking meeting, People's Bank of China (PBC) Deputy Governor Fan Yi Fei shared figures about the digital yuan trials. There have been over 3,000,000 exchanges adding up to RMB 1.1 billion ($160 million) through to late August utilizing the central bank digital...
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By: Wayne Jones
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#CBDC #Covid19 #DigitalCurrency #PFMI #SIBOS
MetaMask Exceeds 1M Users, Introduces Gas Saving DeFi Token Swaps
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On Oct 6, 2020, the world’s most popular ETH-based wallet, MetaMask, introduced a token swaps feature to offer the widest variety of tokens across DeFi.
The new feature will initially be available on the MetaMask extension on the Firefox browser, but will soon be rolled out to other browsers a...
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By: Wayne Jones
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#CryptoWallets #DeFiPulse #DeFiToken #DEX #Uniswap
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On Oct 6, 2020, the world’s most popular ETH-based wallet, MetaMask, introduced a token swaps feature to offer the widest variety of tokens across DeFi.
The new feature will initially be available on the MetaMask extension on the Firefox browser, but will soon be rolled out to other browsers a...
- Read More
By: Wayne Jones
___
#CryptoWallets #DeFiPulse #DeFiToken #DEX #Uniswap
BRD Gets Over 6 Million Users, Fueled by Massive Crypto Growth in Latin America and India
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BRD, a mobile cryptocurrency wallet, announced recently that its users are more than six million globally. It attributes this upsurge to the immense growth of crypto use in Latin America and India. Following this momentum, the organization hopes to arrive at 10 million clients by...
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By: Wayne Jones
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#Bitcoin #Covid19 #CryptocurrencyWallets #EastVentures #Ethereum #SBI
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BRD, a mobile cryptocurrency wallet, announced recently that its users are more than six million globally. It attributes this upsurge to the immense growth of crypto use in Latin America and India. Following this momentum, the organization hopes to arrive at 10 million clients by...
- Read More
By: Wayne Jones
___
#Bitcoin #Covid19 #CryptocurrencyWallets #EastVentures #Ethereum #SBI
Ripple May Relocate Due to US Harsh Cryptocurrency Regulations
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On the 6th of October 2020, Chris Larsen, Ripple co-founder, pointed out that Ripple is considering relocating to Europe or Asia. Ripple moving out of the US is due to the increasing frustrations at lack of regulatory clarity on blockchain and cryptocurrencies in the US.
According to Larsen,...
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By: Wayne Jones
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#CryptoFirm #RippleLawsuit #SEC #XRP
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On the 6th of October 2020, Chris Larsen, Ripple co-founder, pointed out that Ripple is considering relocating to Europe or Asia. Ripple moving out of the US is due to the increasing frustrations at lack of regulatory clarity on blockchain and cryptocurrencies in the US.
According to Larsen,...
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By: Wayne Jones
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#CryptoFirm #RippleLawsuit #SEC #XRP
Central Banks and BIS Publish First CBDC Report on Key Principles and Core Features
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Together with the Bank for International Settlements (BIS), seven central banks published a report today. It outlines the basic principles necessary for publicly available CBDCs to help central banks meet their public policy objectives.
Central banks have provided the public with a...
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By: Wayne Jones
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#BankOfCanada #BankOfEurope #BankOfJapan #BIS #FederalReserve #SverigesRiksbank #SwissNationalBank
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Together with the Bank for International Settlements (BIS), seven central banks published a report today. It outlines the basic principles necessary for publicly available CBDCs to help central banks meet their public policy objectives.
Central banks have provided the public with a...
- Read More
By: Wayne Jones
___
#BankOfCanada #BankOfEurope #BankOfJapan #BIS #FederalReserve #SverigesRiksbank #SwissNationalBank
