Out of 660,000 application of the Paycheck Protection Program (PPP) from the CARES fund (Coronavirus Aid, Relief, and Economic Security (CARES) Act more than 75 start-ups are working with cryptocurrency and Bitcoin. The report released by the SBA reveals the details of the $700+ billion fund. According to the report, the owner of the Electric Coin
The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether. Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.
There are a number of renowned investors like Warren Buffet, Jim Rogers, Peter Schiff and so on who reject the idea of Bitcoin. Among them, Schiff is one of the leading critics, voicing his scam and Ponzi call on Bitcoin and crypto on a regular basis. According to Max Keizer, these ‘not’ Bitcoin influencers are
Bitcoin [BTC] and Ethereum [ETH] are the only cryptocurrencies with real fees paid for transactions. Bitcoin and Ethereum Only, Please! In the early days of Bitcoin [BTC], it was practically free to use with the transactions costing next to nothing. The incentive of the miners, on the other hand, was block rewards. 10 years down
Coinshares, the Digital Asset Management firm in the UK has partnered with Nomura and Ledger to launch a digital asset custody service. The new firm, Komainu, headquartered in Jersey will be lead by Coinshares CEO, Jean-Marie Mognetti. Komainu’s aim is to develop an institutional-grade custody business. It will provide multi-asset support, assurance with regulatory compliance and insurance. Nomura is
One of the largest football clubs in Europe, FC Barcelona, is set to launch its’ Token Offering on 22nd June 2020. The team, currently led by Lionel Messi has a rich history of winnings and players like Ronaldinho, Johan Cruyff, Xavi, Iniesta and more. On Twitter itself, the sporting clubs’ following is over $32 million. The $BAR
Lately, there have been a lot of indicators in the crypto market which highlights direct correlation with world events. Beginning with the US-Iran airstrike and COVID-19 scare in China in January to the ‘Black Thursday’ Crash in March, Bitcoin price action has had a strong relevance. Reaction to the U.S. Fed Announcement On Wednesday, the
Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm
Reportedly, Agricultural Bank of China has launched a test-app for the Digital Currency/Electronic Payment system. The fear among Chinese citizen due to the spread of coronavirus via cash bills rampant. Digital Blockchain Program will accommodate other blockchain projects like a smart contract platform. China has ramped up its efforts to initiate the Digital Currency launch and
In an interesting turn of regulatory events this morning, the Apex court in India finally bought an end to the diktat which kept Indian crypto enthusiasts, traders, investors, and businesses away from cryptocurrency trading and dealing. The end of this ban has definitely bought smiles for the crypto industry in Asia’s third-largest economy which has
GAIN Capital Holdings, Inc agrees to an all-cash acquisition by to INTL FCStone Inc. at a rate of $6/share. The trading major from New Jersey, US made the decision after reporting losses of $60.8 million in 2019. The premium paid for the acquisition is around 70%, as the share price of Gain Capital as reported on
“This is not a time for fear. This is a time for taking action to prevent infection and save lives now,” says World Health Organization head Dr Tedros Ghebreyesus Iran, Italy and South Korea are now fighting to contain the virus to avoid a situation like China. In total, the number of cases reported in
In a landmark case involving ‘reversing traders‘ on Exchanges, a Singapore court has ruled against the practice. Trader, alias B2C2 wins over crypto exchange operator, Quoine after it arbitrarily cancelled seven of the trader’s order. Moreover, the most interesting part of the case is that both parties in the transactions were just a bunch of algorithms.
Trafficking of children and women is the harsh reality of today’s world. Governments and law-reinforces continue to battle the syndicates, but have largely failed. In the US, the FBI and Justice departments fall under a lot of scrutiny for the their inability to curb the issue. Reportedly, US lawmakers and Department of Justice under Attorney
After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.
China has made another important announcement on the expansion of its Blockchain project across the FX markets. While China is very close to the launch of its Digital Renminbi, the two state run blockchain projects have already gained a lot of friction. The two major state run projects are: Greater Bay Area Trade Finance Blockchain platform
Virgil Griffith, a cryptocurrency educator, has been arrested by the FBI on charges of ‘conspiring to violate the International Emergency Economic Powers Act.’ He violated the sanctions laws of the US by assisting North Korean citizens in developing their technological arsenal. Cryptocurrency enthusiasts take the issue North Korea launch tested two short-range missile rockets, despite the
CFTC chairman Heath Tarbert answers some of the hard-hitting questions around Bitcoin, cryptocurrency, and its’ on-going regulations in the US. The CNBC interview covers various aspects related to cryptocurrencies, like clarity on securitization and Libra. Escape Velocity for Bitcoin and cryptocurrencies The cryptocurrency markets have independently grown to about $220 billion. Moreover, the decentralization many of
America is in a flux. At a transition point, a new survey shows that 43% of US Millennials, individuals between 22 and 37 years and heavily influenced by emerging technology, trust cryptocurrency exchanges more than US stock exchanges. A survey, conducted by Etoro and commissioned by Provoke Insights, asked 1,000 investors in the US about
Brazil, Russia, India, China, and South Africa or popularly known as BRICS, are backing the idea of a common payment system. The 11th BRICS summit is currently underway in Brazil. The set up would enable seamless trade between the countries and also tackle the dominance of the US dollar in the international markets. Reportedly, the