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Transaction fees are a very common topic in the cryptocurrency industry. Digital transactions are designed to be cheaper compared to bank wires.
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.
In an update from a previous article published last week, Charlie Shrem’s lawyer Brian Klein is insisting that his client did not steal 5,000 bitcoins from the Winklevoss Twins, and that recent court documents will likely prove Shrem’s innocence. Some History for You Last week, Cameron and Tyler Winklevoss of the Gemini Exchange in New York.
The blockchain start-up has refuted allegations of wrongdoing and said it will initiate legal action against parties that defame the company. The Exit Scam Allegations Stox, a blockchain project whose ICO was promoted by boxer Floyd Mayweather has again been accused of having pulled an exit scam after raising over $33 Million through an ICO.
SINGAPORE Rate3 envisions a future where all forms of assets – including money, stocks, real estate, intellectual property and even an individual’s time – are interchanged seamlessly between application users of various public blockchains. Over the past few decades, global economic trade has almost single-handedly propelled developing economies into significantly higher standards of living.
Internet maverick John McAfee is sporting a new tattoo in honor of his collaboration with the Skycoin platform. One thing you can say about John McAfee is that he never does anything in half-measure.
In a recent Tweet, Star Trek’s Captain Kirk, William Shatner, defended Ethereum co-founder Vitalik Buterin from detractors. Just like how the original Star Trek series embraced the concept of new technologies, the star of the series has also shown a fascination for new innovations.
Cryptocurrency firms are attracting a lot of attention. That is not always a good thing, depending on the company’s business model Crypto-Capitals, a firm specializing in trading products, has been flagged by Germany’s BaFin.
In a world first, the Spanish bank has executed a €150 million ($170 million) syndicated loan deal with Red Electrica Corporation using the firm’s blockchain platform. Blockchain-Powered Syndicated Loan Spanish banking giant BBVA, along with BNP Paribas and MUFG, has delivered the world’s first blockchain based syndicated loan.
Mega investing firms like BlackRock Inc and Allianz SE’s Pacific Investment Management Co. are suing 16 major financial establishments over allegations that the banks had rigged prices in the expanding foreign exchange market.
Cryptocurrency users are often targeted by criminals. Especially those users who rely on exchanges to manage and store funds.
A customer of a London-based blockchain company sent a letter bomb to its employees just because the firm had refused a request for a password reset. The Chilling Incident In a scary case that has come to light, a man has been sentenced to six and a half years in prison for sending a homemade.
In a bizarre incident, the principal of a Chinese school was sacked for running a cryptocurrency mining operation using the school’s electricity and internet. The Lure of Mining The principal of a school in China has been sacked from his job, and his deputy given a warning after both were found guilty of using the.
The Drug Enforcement Commission (DEC) in Zambia have arrested three individual directors of the cryptocurrency firm Heritage Coin Resources Limited on the charge of laundering approximately 28,000,000 kwachas, the country’s official currency. This is equivalent to more than $2.
Government agencies continue to target ICOs for potent rule violations. In Colorado, the Division of Securities has flagged four projects as potentially suspicious.
Blockchain technology has been in existence for close to 10 years now. Yet adoption levels are still low.
Singapore Stock Exchange and the government-owned Temasek have invested in a blockchain platform that will connect investors with firms offering security tokens. ICHX Tech Secures Funding for New Platform ICHX Tech, a Singapore based blockchain infrastructure company has announced investments from the Singapore Stock Exchange (SGX) and Heliconia Capital Management, a subsidiary of Temasek Holdings.
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.
The leading technology firm will work with the data storage company to put hard drive information on the blockchain to fight the counterfeit market. IBM and Seagate Join Hands The US-based IT giant, International Business Machines (IBM), has announced a partnership with Seagate, a leading data storage company to build a blockchain-powered system that will.
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.
In another incident of what appears to be an exit scam, a South Korean exchange that collected over $2. 8 Million in an ICO has suddenly shut down.
President Heine of the Marshall Islands believes that cryptocurrencies aren’t the reason for her upcoming vote of no confidence, Chinese interference is. Usually, when you put ‘crypto’ and ‘China’ in the same sentence, it’s not going to result in anything good.
JPMorgan has listed three companies it believes are ideally positioned to deliver blockchain-as-a-service (BaaS) to potential investors. Full Faith in the Technology The Wall Street bank is one finance institution that is embracing the blockchain.
The beta version of the Bitsy Bitcoin wallet will be available to download, for free, from the 12th of November. The platform is owned by the bullish U.
Cryptocurrency mining does not benefit from the best of reputations.  That is primarily due to the growing number of nefarious efforts involving this business model.
One of Bitcoin’s leading developers, Jeff Garzik, has given away over $100 million in Bitcoin throughout the duration of his career, and he can’t help but look back on his actions with a smile on his face. Who Is Jeff Garzik? Garzik is widely considered to be the third-most influential developer on Bitcoin’s code after.
Cryptocurrency exchanges play a key role in this growing industry. They offer convenient access for buying or selling different digital assets.
China’s position on cryptocurrencies remains unfazed as the country’s central bank released a paper which warns of bubbles in the industry and calls for the central government to sever its position even more. Pressure on Cryptocurrencies Continues After announcing that it intends to introduce regulations for blockchain censorship, China has taken yet another step to.
2020 is celebrating the legalization of weed by giving away 6 free moonrock pre-rolls. An original retail value of $100, but you can get it free if you just pay $12.
Despite being in a fairly nascent stage in its development, nine out of ten people in the UK have apparently heard of Bitcoin. More interestingly, though, over 20 percent of them said they actually understand it, according to a new local survey.
The revelation that 50 million people had their Facebook profiles harvested so Cambridge Analytica could target them with political ads raised questions about data protection and disclosure. While the researcher was at fault in this case, this opened a Pandora’s box which can either injure other social apps or open up a new opportunity for.
The leading crypto-backed lending platform has announced that it XRP holders can now use their tokens to collateralize USD loans. Cred Adds XRP to List of Accepted Assets Holders of Ripple (XRP) in need of fiat money need not sell their assets now.
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.
CO2 emissions as one of the causes of climate change require consolidation at the level of large issuers: industrialized countries and energy generating companies. That’s where blockchain comes into play.
The plot thickens between the Winklevoss/Shrem saga. In the latest chapter, the twins have ended up in last place during the first round in court.
Regulating cryptocurrencies remain an ongoing debacle. Numerous countries attempt to do so through various efforts.
Bitcoin broke below its short-term rising channel to signal that bearish action is back in play. However, the longer-term ascending channel remains very much intact even as technical indicators are giving mixed signals.
Stellar continues to climb as the price is attracted to the top of its symmetrical triangle visible on the daily time frame. Price also found support at the short-term rising trendline to signal that bullish momentum is picking up.
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.
Companies are turning their noses up at the word blockchain, claiming that it’s too over-hyped, according to new research. Changing the B-Word to DLT Once it seemed that everyone was searching for ways to add the word blockchain to their company name.
Renewable energy initiatives pop up all over the world. Countries try to harness the power of solar and wind energy on a growing scale.
Is cryptocurrency the way to get young people involved in real estate? Most Millennials Can’t Afford Homes We need to remember that younger generations – while they didn’t necessarily grow up during this time – are familiar with the Great Recession and the subsequent crash of the housing market in 2008. In addition, the costs.
Hard forks play an integral role in the cryptocurrency world. They are often used to introduce groundbreaking changes and features.
A start-up in Ireland is hoping to transform the relationship between airlines and their passengers through their blockchain-based app. Traveling by plane is all fun and games until your flight gets canceled or delayed.
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.
The crypto market has received a boost in the unlikeliest of places. The U.
The US Securities and Exchange Commission (SEC) has charged Zachary Coburn, the founder of digital token trading platform EtherDelta, with operating an unregistered exchange. A First For The SEC According to an official announcement published earlier today, the SEC has charged Zachary Coburn, the owner of cryptocurrency and token trading platform EtherDelta, for operating an.
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.
SWIFT, the interbank financial messaging system, quashed the rumors of its integrating with Ripple. Speculation Led to XRP Price Jump The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network has distanced itself from rumors of it helping Ripple’s price to surge.
To cash in on the opportunity provided by the upcoming Bitcoin Cash hard fork, cryptocurrency exchange Poloniex has offered pre-fork trading. Poloniex’s Smart Move The US-based cryptocurrency exchange, Poloniex, has thrown open the opportunity to its users to trade Bitcoin cash pre-fork token pairs ahead of the upcoming hard fork on November 15th.
Bitcoin Cash recently busted through a near-term area of interest around $550-600, signaling that bulls are gaining control of price action. This also happens to be the neckline of a double bottom classic reversal chart pattern.
Over the past 24 hours, Bitcoin has crept a bit higher in price. After hanging in the mid-$6,400 range for several days, it appears Bitcoin has finally gotten its taste for ascension back and has sprung up to hit $6,500.
The Swiss watchmaker has come out with a Bitcoin theme watch celebrating the completion of 10 years since Satoshi Nakamoto published the White paper. Hublot Launches Limited Edition Bitcoin Watch October 31st marked the 10th anniversary of the Bitcoin (BTC) white paper being published by its mysterious writer Satoshi Nakamoto.
Bitcoin has been trending higher in an ascending channel seen on its 1-hour time frame and bounced off the top. This suggests that a pullback to support may be in order, and the Fibonacci retracement tool shows more potential support zones where buyers might be waiting.
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 heist.
SIM swapping has become more common. So much so, that the California REACT Task Force considers it one of their “highest priorities.
Graphical processing unit (GPU) manufacturer AMD has launched a new explainer page for both cryptocurrency and blockchain technology. The Fight Is Heating Up AMD is one of several mining corporations in the crypto industry.
A 27-year-old man has reportedly been targeted by so-called friends after they forced him to reveal his crypto account login information when they pushed his head underwater. Hot Wax for Crypto? They say that you should keep your friends close and your enemies closer, but for one 27-year-old man he found out the hard way.
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.
After receiving criticism for her state-backed cryptocurrency plans, the president of the Marshall Islands, Hilda Heine has had a motion of no confidence brought against her. The leader of the Republic of the Marshall Islands (RMI), Hilda Heine, definitely wants to be a trailblazer.
The Texas State Securities Board has issued an emergency cease and desist order to a cloud mining company for fraud and non-compliance with securities legislation. Regulators Clamping Down Cloud cryptocurrency mining company AWS Mining PTY LTD has been slapped with a formal emergency cease and desist order by the Texas State Securities Board.
The co-founder and CEO of Civic has bet Ronnie Moas that Bitcoin won’t hit $28,000 by the end of 2019 on a “reputable exchange. ” The loser will donate $20,000 to the charity FreeRoss.
The case of the $34 million Bitcoin scam in Thailand continues as the family behind the alleged scam plead not guilty. The wheels of justice are slowly, but surely, grinding forward in the case of a massive Bitcoin scam in Thailand.
Blockchain technology can unlock a lot of new potential use cases. It can also improve existing infrastructure and services.
Turkish police have taken 11 people into custody for allegedly stealing over $80,000 in Bitcoin via hacking. It seems that every time you load up a news site, another story on hacking appears.
The social trading and multi-asset brokerage company eToro has launched a cryptocurrency wallet, hence opening up the market to its broad base of registered users.   Blockchain has the Potential to Revolutionize Finance” eToro – a global investment platform which reportedly harbors over 10 million registered users announced the launch of a cryptocurrency wallet.
Blockchain, the Luxembourg-based firm, has partnered with Stellar to conduct an airdrop for their wallet users. $125 million worth of XLM tokens will be given away for free.
Bitcoin found support at the bottom of the newly-forming ascending channel on its 4-hour time frame, setting its sights on the next upside targets. The first one is at the mid-channel area of interest around $7,000 then the next might be at the very top around $7,600.
Ripple broke above its long-term descending trend line nearly a couple of months back, signaling that a reversal from the slide is underway. Price has since completed its pullback to draw more bullish momentum and sustain the climb.
The Bitcoin market appears poised to rebound fairly soon. Some small uptrends have begun forming over the weekend and first half of the week.