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UN Praises Ant Financial’s Blockchain Support During COVID-19 Outbreak


Ant Financial, the operator of mobile payment platform Alipay and an Alibaba affiliate, is one of a handful of fintech companies to have been included on a UN list of companies helping economies cope with the financial fallout of the coronavirus pandemic. The Chinese company was the only...

ZenGo Warns of Dapp and Wallet Security Issue; Offers Solution


Keyless crypto wallet maker ZenGo has raised the crypto community to its feet, warning about a security issue that can suck all funds out of users' accounts. The flaw has seemingly been well-known in the decentralized finance (DeFi) developer community, but it was not disclosed to users. ZenGo...

USD 722m BitClub Ponzi Suspects Ask for Release amid Coronavirus Fears


Two men accused of setting up the BitClub Network, a cryptocurrency mining Ponzi scheme that allegedly duped thousands of investors out of USD 722 million, have petitioned a New Jersey federal judge to release them from a county jail – as they fear they could contract the coronavirus if they...

Russian Economy Ministry ‘Wants to Legalize Crypto’ in Sandboxes


Russia could be set to legalize cryptocurrencies for companies and investors operating in new, industry 4.0-friendly regulatory sandboxes. Per news outlet Izvestia, the country’s Ministry of Economic Development wants to add a range of new provisos to sandbox-related legislation submitted last week...

Another US Digital Dollar and Wallet Proposed as Stimulus During Pandemic


In the midst of rising business shutdowns and unemployment rates in the U.S., which may lead to a nationwide, as well as a global recession, House Democrats have put a draft stimulus on the table - and it includes the creation of a "digital dollar" and a "digital dollar wallet"...

Bitcoin and Altcoins Gaining Bullish Momentum


After testing the USD 6,000 support area, bitcoin price started a fresh increase. BTC/USD gained bullish momentum and surged above the USD 6,400 and USD 6,500 resistance levels. The current (08:30 UTC) price action is positive and it could continue to rise towards the USD 6,800 and USD 7,000...

Cash Crisis: National Currencies Plunge in the Wake of Coronavirus


Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets "in the amounts needed," signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time. The post...

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