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How Fintech Startups are Gaining Financial Markets
26.7.2021
Upcoming fintech startups working on innovative solutions for the financial cum technology sector are currently working on a wide variety of solutions. The roadmap devised by them, however, varies. Most of them work on the revenue generating model rather than customer-benefit model. These companies...
Cryptocurrency is ‘pure trading instrument,’ hedge fund CEO says
26.7.2021
Hedge funds are adopting crypto investments, but one asset manager says it is all a speculative play
memeunity & BRING.FINANCE Partner for Social Media Privacy
26.7.2021
Considered as a potential-driven decentralized cross-chain network facilitating easy staking of tokens, BRING.FINANCE (bRing) has announced its strategic partnership with memeunity, a friendly social media portal using decentralization as a privacy tool. With this integration, the bRing community...
$WHALE Gets Listed on Gate.io
26.7.2021
On July 25, the entire team behind the project of $WHALE broke the news that the company had finally carved a position for itself in the Gate.io listing and was paired as $WHALE/USDT. Ever since the inception of Q1 2021, the team of $WHALE has been implementing a significant strategic business...
Binance to delist EUR, GBP and AUD margin trading pairs
26.7.2021
“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated
Kubernetes Clusters Used to Mine Monero by Attackers
26.7.2021
Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying...
Portfolio Strategist Expects Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether
26.7.2021
A portfolio strategist for American financial services firm Morningstar says that cardano could become a mainstream cryptocurrency alongside bitcoin and ether, forming a “big three” of mainstream cryptocurrencies. Strategist Believes Cardano, Ether, Bitcoin Could Become Mainstream...
Jack Dorsey Calls Bitcoin a ‘Big Part’ of Twitter’s Future as a Global Currency
26.7.2021
Twitter CEO Jack Dorsey says that bitcoin will be a big part of the company’s future. “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person...
US Senator Launches Investigation Into ‘How Cryptocurrencies Facilitate Cybercrimes’
26.7.2021
A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation...
Number of Cryptocurrency ATM Locations Soars Past 24K Worldwide
25.7.2021
The number of cryptocurrency ATMs has surpassed 24,000 globally. Out of 75 countries with crypto ATMs, the U.S. tops the list with the most locations. 24K+ Cryptocurrency ATMs Worldwide The number of cryptocurrency ATMs has exceeded 24,000 globally, according to the crypto ATM tracking website...
Crypto Companies Establish Presence, Hire Talent in Ireland
25.7.2021
With a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market. Cryptocurrency companies have been opening offices in the EU member state with some well-known players...
Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets
25.7.2021
The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use...
Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing
25.7.2021
A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false...
Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
25.7.2021
BTC price inched toward 2020's support with traders expecting more gains if a breakout occurs
A Deeper Look Into The Pirate Bay’s Mysterious ‘Piratetoken’ Soft Launch
25.7.2021
In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the...
Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support
25.7.2021
The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K...
Circle K Deploys Bitcoin ATMs in Stores Across US and Canada — Over 700 Machines Already Installed
24.7.2021
A leading convenience and fuel retailer, Circle K, is deploying bitcoin ATMs in its stores across the U.S. and Canada. More than 700 machines operated by Bitcoin Depot have already been installed. “As one of the world’s leading convenience and fuel retailers, Circle K is the first major...
IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency Transactions
24.7.2021
The U.S. Internal Revenue Service (IRS) has modified the crypto question asked on the main U.S. tax form. Reducing the scope of the question, the IRS now focuses on taxable cryptocurrency transactions. New Crypto Question on Tax Form 1040 The IRS published a draft Form 1040 for the tax year 2021...
Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products
24.7.2021
Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in...
After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance
24.7.2021
A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning...