Ripple in a first of its kind move has filed for selling one-third of its shares in MoneyGram, one of its key strategic partners from 2019. The blockchain solution provider had completed a $50 million investment in MoneyGram in November last year. According to the official filing made with the SEC, Ripple currently owns 6.22
Facebook’s digital currency project Libra has hired Saumya Bhavsar, the former global head of regulatory affairs and data protection at Credit Suisse as the new general counsel for Libra Networks, a fully owned subsidiary of Libra Association. Libra network would be responsible for the rollout of the libra digital stable coin and the Novi digital
Microstrategy, business analytics, and mobility platform decided to convert a portion of their company’s treasury reserve and bought $400 million worth of Bitcoin back at the end of Q3, 2020. The company made a strategic decision to include a non-corelative asset like bitcoin in their portfolio to ensure a hedge against growing inflation and the
China’s growing influence in the digital currency space has got the US intelligence community on their toes as they see it as a threat to financial security. As per a recent report, the Director of National Intelligence John Ratcliffe wrote a letter to the Security and Exchange Commission (SEC) Chairman Jay Clayton expressing his concerns over China’s
The ongoing bull run has made many influential people come out and reveal that they have been hodling bitcoin for quite some time now. Many mainstream financial and traditional hedge fund managers have revealed that the demand for Bitcoin is sky high at present. Hollywood stars like Masie Williams, JK Rowlings, Mike Tyson, and many
Brink, a non-profit organization aiming to fund and support open-source Bitcoin protocol development was launched today with the backing of former Blockstream alumnus Mike Schmidt and former Chaincode Labs developer John Newbery. Dave Harding, a well renowned Bitcoin technical writer would act as the independent director for the non-profit organization. The organization aims to raise
Bitcoin was consolidating above $18,500 for the past couple of days and a market pullback was on the cards, however, bitcoin today soared past the $19,000 mark for the first time in three years. The current bullish burst is being attributed to PayPal CEO’s bullish comment on Bitcoin and their plans to allow cryptocurrency as
XRP, the third-largest cryptocurrency by market cap is currently soaring past resistances with ease making a parabolic price curve on the short-term chart. The altcoin set a three year high today as its price breached $0.90 with over 100% gains in a single day on Coinbase before experiencing a flash crash. XRP was trading at
Bitcoin entered into the third-week of its bullish price rally with its price currently consolidating above $18,500. The top cryptocurrency has managed to hold ground despite two flash crashes of over $1,000. Many believe that bitcoin’s ongoing bull run is way different than the 2017 one as the king coin steadily nears its all-time high.
OKEx, the cryptocurrency exchange has terminated withdrawal from its platform from October 16 after the Chinese founder Xu Mingxin of the exchange was taken away by the Police amid the growing crackdown on OTC desks and to counter the growing money laundering issue. Mingxin was arrested in early October and the withdraws remained shut since
The altcoins have finally arrived at the Bull run party that Bitcoin initiated a couple of weeks ago, bringing back the memory of 2017. Bitcoin’s bull rally started after the king coin broke past the key resistance of $13,000 and $15,000 and is currently trading at $18,658 registering more than 17% gains over the week.
ETH 2.0 is slated for the launch of its Beacon Chain on December 1st, 2020 that would mark the commencement of Phase 0 of ETH 2.0 rollout. Phase 1 and Phase 2 rollout are believed to commence by 2021 end. Ethereum’s transition from a Proof-of-work mining consensus to a Proof-of-stake mining consensus is being dubbed
ETH 2.0, the new Proof-of-Stake-based blockchain system is gearing up for the official launch of Beacon Chain to commence Phase 0 of the ETH 2.0 rollout. However, in order for the official launch on December 1st, there should be at least 16,384 validators on board by November 24th, where each validator must stake 32 ETH.
Bitcoin is a Crypto-currency that is mined online and does not exist in a physical form or shape. It can be transferred virtually from one person to another and operates out of the legal currency system. Introduction: Unlike Fiat currency, Bitcoin is not printed, rather it is ‘mined’ using an open-source computer program. The process
The US Presidential Election 2020 is on the verge of conclusion as the final votes are being counted in. The early projections suggest former vice-president might have an advantage over the current president Donald Trump. Financial markets often tend to react sharply in accordance with the key political events around the globe, and the US
Hong Kong-registered crypto company Crypto.com today announced a Turkish language version of its app and exchange. The targeting of the country by Crypto.com comes as it becomes a major player in the Middle East cryptocurrency world. In September, the country was rated 29th out of the 154 countries on Chainalysis’ Global Crypto Adoption Index—and number
At $29 billion daily trading volume, according to Coingecko, Tether’s stablecoin, USDt, is the largest trading pair across crypto markets – it sometimes beats the top coin, Bitcoin (BTC). In spot, futures (whether short or long the market), and options market, USDt is flexing its muscles. The USDt derivatives market is however growing faster than
In this article, we will guide you on how to add liquidity to Uniswap liquidity pool. We published a previous report describing the top liquidity pool providers. Herein, you will learn about one of the well-known liquidity providers; Uniswap Liquidity pool. Beyond an introductory, you will get to know the step by step guide on
As the DeFi tokens boom, the stablecoins have been the time of their own. Tether [USDT], the leader of the pack moved higher on the CoinMarketCap list and has been the market’s most dominant stablecoin. Along with the growth witnessed in its market Cap, USDT has also been a part of many major blockchains like