Latest Articles from : Nick Omo
The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) recently unveiled a blockchain-based Delivery versus Payment (DvP) settlement framework. Reports indicate that the framework can simplify post-trade processes, materially diminishing the payment settlement cycle.
via its wholly owned subsidiary – Banco
recently signed a Memorandum of Understanding (MOU) with Banco Bradesco S. A.
The United States Securities and Exchange Commission (SEC) says it isn’t going to be swayed by technical definitions when it comes to its oversight of cryptocurrency
exchange platforms. This pronouncement comes barely a day after the Commission brought up charges against the founder of EtherDelta – a decentralized virtual currency trading platform.
France appears ready to consider giving Bitcoin owners in the country a tax cut. This move comes as regulators in the country wish to streamline all non-real estate-related tax requirements.
Some commentators predict that Bitcoin
might not be the driver for the next significant price rally in the cryptocurrency
market. Mainstream Financial Collapse and the Rise of Virtual Currencies After the lofty heights attained at the back end of 2018, the virtual currency market took a massive nosedive in 2018.
Venezuela’s government plans to present its national cryptocurrency, the Petro,
as a unit of account for international crude oil trade to the Organization of Petroleum Exporting Countries (OPEC). The move is a further attempt by the country’s government to strengthen the position of its controversial state-issued cryptocurrency.
A third-party developer plans to bring XRP
tipping to the Amazon Alexa app store. If approved by Amazon, the XRP tip bot will be available on Alexa.
It appears Tether cannot seem to stay out the news these days. Recent reports suggest that Deltec bank, which recently emerged as the company’s new banker (albeit unconfirmed), is now in the crosshairs
of the U.
Recent developments may point to the September 2018 Zaif cryptocurrency
exchange platform hack originating in Europe. Japanese
investigators say they recently uncovered German
and French IP addresses attempting to move some of the stolen cryptocurrency from the Zaif
Hackers posing as notable tech billionaire, Elon Musk, on Twitter are defrauding people via fake Bitcoin
giveaways. One attempt, in particular, amassed more than $180,000 in Bitcoin from the scam.
HSBC recently facilitated India’s first blockchain
trade finance transaction. This development reinforces the narrative that despite the negative stance towards cryptocurrency in India,
there is some focus on the benefits of blockchain technology in the country.
The United States Securities and Exchange Commission (SEC) looks set to widen its oversight on the cryptocurrency industry. Presently, the Commission is looking into suspected cases of misconduct among investment advisers in the virtual currency arena.
doesn’t have any plans to launch a Bitcoin
Exchange Traded Fund (ETF) any time soon. Company CEO
Larry Fink says a Bitcoin ETF
will only emerge when the industry becomes legitimized.
won’t end the year at $50,000. The host of the CryptoTrader
show on CNBC
tweeted in February 2018 that the top-ranked cryptocurrency
would end 2018 on a high note but has now retracted that prediction.
Coinbase chief operating officer (COO) Asiff Hirji
says the company has no plans to go public any time soon. Hirji also says the largest cryptocurrency exchange in the United States is pursuing means of expanding and diversifying its business to cover more aspects of the emerging virtual currency space.
Microsoft recently announced a high-level partnership with Nasdaq
to create an interoperability matrix for distributed ledgers. The partnerships will see Nasdaq Financial Framework (NFF) adopting the Microsoft
Azure blockchain that allows different technologies to work together via one central ecosystem.
bulls like Tom Lee and Brian Kelly
remain optimistic about the prospects of the top-ranked cryptocurrency,
one technical indicator reveals that there might be no end in sight to the current sideways price action. Long-Term Downward Bitcoin Price Action According to Bloomberg,
DVAN long-term trend lines paint a picture of a continued downward.
recently pleaded guilty to charges of running an illegal money transmitting operation. This plea comes after his indictment on money laundering and tax evasion charges relating to the sale of more than $750,000 worth of Bitcoin
in the United States.
Ukraine’s government plans to create a robust legal framework for its cryptocurrency
industry within the next three years. This plan will cover many aspects of the industry, including ICO legislation and access to banking services.
recently announced Bitcoin
and Bitcoin Cash payments in its latest London
pub. The popular hipster pub chain also says it will base its beer markup price to the movement of the Financial Times Stock Exchange (FTSE) 100 Index.
security firm, BitGo
recently unveiled Wrapped Bitcoin (WBTC) – a Bitcoin ERC20
token. The new token is a collaboration between the firm, Republic Protocol, and Kyber Network.
Ripple recently published its quarterly market report for the third quarter of 2018. The report shows an increase in XRP
sales during Q3
as against the previous quarter.
Unsealed court filings in Chicago show the arrest of two individuals believed to be part of an online cybercrime
syndicate. The FBI
says it suspects the group has stolen more than $3 million worth of cryptocurrency.
The New York State Department of Financial Services (DFS) recently approved Coinbase
Custody as a limited purpose trust company. This approval allows the Coinbase subsidiary to offer cryptocurrency custodial services in the state.
believes there is a need for a global standard for cryptocurrency
regulations. The Circle CEO
also wants more explicit definitions for token offerings and robust rules to combat market manipulation.
China plans to unveil new regulations targeted towards blockchain censorship. These rules are the first to specifically target blockchain technology in the country.
Despite the continued sideways price trend, two Bitcoin
bulls, Brian Kelly
and Tom Lee still believe that the top-ranked cryptocurrency
will finish 2018 on a high note. For Kelly, an avalanche of institutional interest is incoming, while Lee maintains that BTC
will reach his $25,000 price forecast.
One local restaurant in Kenya
is allowing customers to pay using Bitcoin
and other cryptocurrencies. Apart from that, the owner of the establishment is also offering tutorial lessons on how to use cryptocurrency.
More victims continue to come forward accusing Amit Bharadwaj
and his accomplices of defrauding them with fake Bitcoin
investment schemes. Recently, India’s Enforcement Directorate (ED) froze $6 million worth of Bharadwaj’s assets as part of its investigations into the $278 million Bitcoin fraud case.
is reportedly behind most of the cryptocurrency
exchange hacks since January 2017. The notorious North Korean
hacking syndicated has stolen $571 million in 14 different cyber attacks against exchanges during the period.
Brave Software recently debuted an update to its web browser. The company says the new version of its open source, privacy-centric browser comes with enhanced speed and a revamped Basic Attention Token (BAT) rewards paradigm.
believes the current trade dispute between the United States and China could have a significant impact on the former’s Bitcoin
mining scene. The Morgan Creek Digital chief predicts mining equipment sales in the U.
Bitfinex and Tether recently announced new banking partnerships in Hong Kong
and the Bahamas, respectively. Previously, both companies, who reportedly share the same management, were clients of the Noble Bank, which is currently up for sale due to financial troubles.
Mercantile Exchange (CME) Group says its Bitcoin
futures contract trading grew by 41 percent in the third quarter of 2018. CME
also said that Asia
contributed to half of the overseas BTC futures trading volume.
believes the cryptocurrency
market is close to bottoming out. The Pantera
Capital co-chief investment officer says scalability is the catalyst for the next significant bull run which would bring about a 10x
increase in total crypto market capitalization.
recently announced the launch of Tezos
(XTZ) trading on its platform. The popular cryptocurrency
exchange service becomes the latest to offer support for the 17th-ranked cryptocurrency.
Sheila Warren believes the United States is behind the curve on cryptocurrency
payment adoption. The head of the World Economic Forum’s blockchain
policy unit says the maturity of the e-commerce arena in Asia has the U.
Barclays has suspended its work on a proposed cryptocurrency
trading platform. The UK banking behemoth, for now, prefers not to incorporate digital assets into its legacy trading activities.
Coinbase says it isn’t worried by Japanese regulators working to strengthen the country’s cryptocurrency
regulatory framework. The virtual currency exchange platform also believes that it would soon obtain approval from Japan’s Financial Services Authority (FSA).
Inside sources say Nasdaq
is looking to create a platform for cryptocurrency security tokens. This development is the latest in a series of reports of the U.
continues to scream himself hoarse, espousing the same flawed rhetoric about cryptocurrency
and blockchain technology. The New York University professor and Economist dominated the news recently with his ongoing diatribe against virtual currencies and decentralized technology.
Bitfinex suspended fiat deposits on the platform amidst claims of insolvency. The popular cryptocurrency exchange platform says deposits should resume in a week’s time.
Kim says blockchain
technology can help to engineer the actualization of global financial inclusion. The World Bank Group (WBG) president believes a greater emphasis on technology can help the organization achieve its set goals.
News coming out of the local media in South Korea
indicate the sale of Bithumb
to BK Global Consortium. Bithumb is one of the largest cryptocurrency
exchange platforms in the market, while BK Global is a Singapore-based firm.
After weeks of sideways trading, Bitcoin
experienced a sudden drop in the early hours of Thursday,
falling by more than $400 in less than an hour. This decline comes after different analysts predicted an imminent price breakout for the top-ranked cryptocurrency.
recently revealed plans to launch a Yen-pegged cryptocurrency stablecoin
next year. This move marks another chapter in the company’s drive to expand its involvement in the virtual currency market.
Anonymous state officials within the Indian government say the country plans to issue a national cryptocurrency.
This move comes amidst efforts by the apex bank to stifle virtual currency trading in the country.
The World Trade Organization (WTO) believes Ripple and XRP
can play a vital role in reducing the cost of international business transactions. Reducing the Cost Burden of International Trade Using Ripple (XRP) According to a WTO
report published on Wednesday
(October 3, 2018), Ripple and the XRP cryptocurrency can play a vital role in the.
Oasis Labs recently secured partnerships with a16z crypto
and other notable VC investors to launch the Oasis Startup
Hub. The firm plans to use the Oasis Startup Hub as an incubator for developing privacy-first computing on the blockchain.
Last week, crypto
trading platform Robinhood
announced the expansion of its services to three more states in the US. The Menlo
Park-based firm now offers zero-commission cryptocurrency
trading to 24 US states.
Yale University is the latest institutional player in the cryptocurrency investment scene. Reports indicate that the Ivy League school has put up equity in a couple of investment funds targeted at the virtual currency market.
Park Won-soon, the mayor of Seoul,
says the city plans to become a mega blockchain
hub. The South Korean capital is set to unveil a five-year development plan as well as an investment fund dedicated to the emerging technology.
recently published a report detailing the strength of the security protocols on show for 100 cryptocurrency
exchange platforms. The report is based on research studies conducted by the independent virtual currency research and rating agency.
the strategy is simple – move only to places where the laws welcome cryptocurrency commerce. By following this practical strategy, the platform has become the world’s largest cryptocurrency exchange service in record time.
emerged as the clear winner in the gainers pack for the top five coins in Q3
spent the last three months trading in tight ranges but managed to eke out a marginal gain over the period.
In the latest episode of “ignorant things people say about Bitcoin,
” John Crudele
of the New York Post says the top-ranked cryptocurrency
“is only useful to people who don’t want to get caught. ” Enough of These Forced and Labored Bitcoin Rhetorics
Every so often, a nocoiner comes forward to espouse something demonstrably and factually inaccurate.
LINE Corporation has announced the launch of a Japan-only cryptocurrency,
as well as five new decentralized applications (dApps). The Japanese
online messaging giant says these new additions are part of its efforts to build a robust global token economy.
Bitcoin appears set for another bull run that could see it recover a significant portion of its lost value during the 2018 slump. An analysis of a technical indicator reveals a positive trend reversal for the top-ranked cryptocurrency.
The 2018 cryptocurrency
price declines may push US-based investors into problems with the internal revenue service (IRS). Considering reports that indicate a low volume of virtual currency tax reportage among Americans, losses incurred this year could see previously unreported cryptocurrency holdings come to light.
Green expects XRP
to cross the $1 price milestone before the end of the year. The CEO
of deVere Group believes the emergence of positive sentiments concerning Ripple and XRP will catapult the third-ranked cryptocurrency
to the $1 price valuation mark.
Bitcoin seems set for a new bottom based on its recent price performance. A new bottom level for the top-ranked cryptocurrency may signal renewed interest from bulls, leading to another significant price rally.
Singapore’s government is warning its citizens against elaborate fraudulent Bitcoin
schemes. This warning comes following the emergence of websites touting false claims from senior government officials about fake cryptocurrency investment opportunities.
Following the 2018 decline in the prices of Bitcoin
and other cryptocurrencies,
stakeholders in Iceland
believe more resources should be employed in other aspects of the emerging cryptocurrency
and blockchain technology industry. The 2017 Bitcoin Mining Mania At the height of Bitcoin mania in 2017 when the price was surging rapidly, miners flocked to Iceland.
California’s political campaign monitoring agency has outlawed the use of Bitcoin
and other cryptocurrencies
for political donations. This move comes after a report submitted to the body highlighting the legality of cryptocurrency donations in several states across the U.
Fidelity Investments plans to make significant inroads into the emerging cryptocurrency
technology industry. The U.
Despite the struggles of 2018, leading cryptocurrency experts predict that Bitcoin
price will hit stratospheric levels in a few years’ time. The top-ranked cryptocurrency, like the rest of the market, has experienced a massive price reduction since the start of the year.
Tezos, one of the high profile ICOs
of 2017, is finally going live after months of legal disputes. The project has been in the test phase since June 2018 when its XTZ
tokens became tradable.
Coinbase Pro has announced the addition of four more GBP
trading pairs for its customers in the UK. The move follows the platform’s announcement in August that it would begin allowing deposits and withdrawals in GBP.
Ethereum has plummeted to a new 12-month low, continuing on its downward price trajectory. The second-ranked cryptocurrency has so far failed to actualize the considerable potential identified by stakeholders since its inception.
a European Union economic think tank, has called for general cryptocurrency
regulations in the region. This call comes as finance ministers from EU
member states prepare to meet in a few days’ time to deliberate on the state of the European cryptocurrency market.
Reports of the opening of a massive short position, as well as the transfer of a significant amount of BTC,
coming so close to the onset of the recent Bitcoin
slide has reignited talk of manipulation in the market. Massive Bitcoin Short Position Opened Before Wednesday’s Drop On Wednesday,
the cryptocurrency market experienced a significant.
Months after his extradition from Morocco to the United States, Renwick Haddow
hasn’t been indicted. Thus, the civil case filed against him by the Securities and Exchange Commission (SEC) is also still pending.