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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
14.2.2020
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital...
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
13.2.2020
Bangladesh-based Bank Asia becomes a member of Ripple’s RippleNet blockchain-enabled remittances network
Crypto Market Cap Hits $300 Billion But Bitcoin Dominance Down 6% YTD
12.2.2020
The crypto market cap reaches a new milestone at $300 billion but will traders be able to hold $10.3K?
XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins
10.2.2020
Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in...
Defi Market Surpasses $1 Billion – But There’s a Catch
7.2.2020
The total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower....
Why DeFi’s Billion-Dollar Milestone Matters
7.2.2020
The DeFi market hitting $1 billion in locked crypto is something even the most fervent ethereum skeptics would have a tough time dismissing as meaningless
Ethereum Price Sets 2020 High — Are Investors Buying the ETH 2.0 Hype?
7.2.2020
Ether price notched a new 2020 high above $220 as the DeFi sector saw its value break the $1 billion mark
Value Locked in Crypto DeFi Markets Hits $1 Billion Milestone
7.2.2020
$1 billion in value is now locked in the DeFi markets, as Ether continues to see bullish price momentum
Major DeFi Milestone: Total Value Locked Hit USD 1 Billion
7.2.2020
We have been reporting for a while now about the massive growth the DeFi (decentralized finance) ecosystem is experiencing, and today, the Cryptoverse saw another major milestone reached - total value locked in DeFi surpassed USD 1 billion, before dropping below this threshold again.
The total...
Ripple Co-founder Jed McCaleb Sold a Billion XRP and Has 4.7B Left
7.2.2020
Blockchain analysis suggests Ripple co-founder Jed McCaleb has sold 1.05 billion XRP so far, including 19 million last month
Bitcoin Achieves Major Milestone With Half a Billion Transactions Confirmed
5.2.2020
500 million transactions have been confirmed on the Bitcoin blockchain
French Payment Giants Worldline and Ingenico Merge in $8.6 Billion Deal
3.2.2020
Ingenico and Worldline merge to become a European payments behemoth
Ripple Unlocks Half Billion Tokens From Escrow as XRP Price Up 26% YTD
1.2.2020
Ripple’s XRP token management is having little effect on the slow returns to investors
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
26.1.2020
On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that...
Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France
25.1.2020
Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France...
1.5 Billion People Might Have CBDC in Their Wallets in 3 Years
23.1.2020
Source: iStock/Asia-Pacific Images Studio
Around 7 undisclosed central banks, representing 20% of the world’s population, are likely to launch central bank digital currencies (CBDCs) in 3 years, a new survey by the Bank for International Settlements (BIS), showed.
While these banks remain...
Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading
16.1.2020
January 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost...
Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...
Market Outlook: Bullish Trend Sends Crypto Prices Northwards
14.1.2020
Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%. Also read:...