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France Declares to Research on State-backed Blockchain-based Cryptocurrency


The Central bank of France, in a recent speech, declared that they would research a state-supported blockchain-based digital currency. Denis Beau, Banque de France’s First Deputy Governor, expressed that the eurozone needs to develop a Central bank digital currency (CBDC) because “disorderly...

Ripple Invests $20 Million in MoneyGram as a Part of Equity Investment


In a recent public statement, the leading money transmission network, MoneyGram, has reported that Ripple, a blockchain-based payments firm, has completed its commitment of the final 20 million dollars Investment. MoneyGram Chairman and CEO, Alex Holmes, said, Our partnership with Ripple...

South Korea Might Put Cryptocurrency Exchange AML Offenders to Jail


South Korean regulators and parliamentarians are rapidly building up a legal framework that will help them police cryptocurrency exchanges, with non-compliant exchange operators potentially facing jail time. Per news outlet Ilgan Today, the regulatory Korea Financial Intelligence Unit is seeking...

Crypto ATMs Proliferate – 6,000 Installed and Counting


The number of cryptocurrency ATMs installed worldwide has surpassed 6,000, nearly a 50% growth since the beginning of the year. The U.S. leads other countries with over 4,000 crypto ATMs, followed by Canada and the U.K. Several producers offer a range of machines for anyone wanting to get started...

Market Update: Uncertainty Strikes Crypto Traders After Week-Long Downtrend


Three days ago, cryptocurrency markets were holding foundational support after coins plunged 2-14% and the entire cryptoconomy dropped below $200 billion. Crypto prices continued to slide in a bearish trend, and over the last 12 hours, the entire market valuation of all 3,000+ coins lost another...

China’s Crypto Game—Understanding the Dragon’s Move


China has been one of the staunch critics of cryptocurrencies and has always adopted a reserved approach. The country has strict and stringent laws imposed on the crypto industry, which forced several companies to either end operations or move their bases out of the country. Ironically, some of...

Cons of Cryptocurrency: the Other Face of Digital Coins


So finally, Cryptocurrency is slowly winning hearts and has started gaining traction around the world. To the extent that, a few Asian countries which used to hold a negative stance regarding cryptocurrencies, have started to consider the same with a bit optimistic approach. For these, the credit...

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