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Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty
4.3.2020
The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed...
USDZ Capital Group Launches USDZ Stablecoin
4.3.2020
Stablecoin is a cryptocurrency pegged to less volatile external assets such as official currencies, precious metals, or oil. The value of a stablecoin can also be pegged to other crypto-assets or fixed by algorithms. Stablecoins retain the same value as the underlying asset and are not subject...
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate
4.3.2020
Bermuda-based insurance company Relm has announced an official launch of operations, issuing a press statement March 3, stating the group will “focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses.” The business, owned by Deltec International...
Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
4.3.2020
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. Also read:...
How to Mix Your Bitcoins Using Coinjoin for Greater Privacy
4.3.2020
Mixing bitcoins using a noncustodial service increases fungibility without having to relinquish control of your coins. Bitcoin mixing services let you keep your coins and retain your privacy, for nothing more than a modest fee and the time it takes to mix them. The most popular noncustodial mixers...
Bitcoin Cash Node Reveals Upgrade Plans for May and Difficulty Algorithm Research
3.3.2020
On March 2, the developers behind the Bitcoin Cash Node project announced the team’s plans for the May upgrade and beyond. The programmers highlighted that the implementation was built to follow the longest chain, regardless of whether the Infrastructure Funding Plan (IFP) is voted...
Tron’s Steemit Acquisition Exposes Delegated-Proof-of-Stake Centralization
3.3.2020
The Steemit community is mired in controversy over the recent Tron takeover that managed to change the Steem blockchain’s governance. Steem witnesses attempted to soft fork the blockchain on February 24 to remove the powerful voting power Tron and Steemit hold. However, the soft fork...
Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix’s Altered Carbon
3.3.2020
Several cryptocurrencies such as bitcoin, monero and zcash were featured on the recently released and highly anticipated second season of Altered Carbon, a cyberpunk Netflix series set about 400 years in the future. A scene from the show clearly depicts a shop where prices are set in crypto, with...
Human Readability and Privacy: BCH Can Be Sent by Email With Tips Tool, No Usernames Required
3.3.2020
Tips.Bitcoin.com allows users of crypto to tip BCH to friends and family via email address, arguably cutting out some of the inconvenience associated with standard bitcoin address formats. Unlike Coinbase Wallet’s new username option, which achieves similar ease for transactions, sending keys...
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
Belgium Startup Launches Smart Chip Hardware Wallet for SLP-Based Tokens
3.3.2020
On March 1, the Simple Ledger Protocol (SLP) developers’ Twitter account revealed a new hardware wallet card for SLP tokens created by the Belgium-based company Satoshichip. The newly designed product is the first SLP token hardware wallet on the market and it works natively with the Electron...
Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High
2.3.2020
On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week....
Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration
2.3.2020
The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey....
Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling
2.3.2020
Turkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with...
Darknet Markets Flourish as White House and Empire Toast Milestone Achievements
2.3.2020
Business is booming on the darknet. Despite ongoing DDoS attacks, Empire Market has now passed 1 million users and two years’ trading. White House Market is also going strong, boasting almost 100% uptime in its first six months and over 60,00 users. In related news, the darknet has gained...
DCA – The ‘Boring,’ Sensible Bitcoin Investment That Could Double Your Money in 2.5 Years
2.3.2020
Dollar Cost Averaging (DCA) as a crypto investment method may not be the most thrilling way to speculate on the bitcoin price, but it is one of the most level-headed, according to proponents. Using a simple online DCA calculator, one can choose a plan for buying small amounts of bitcoin at regular...
Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide
2.3.2020
On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently...
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions
1.3.2020
Digital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains....