Archived Posts

On a suo moto basis, HSBC has closed an account supposedly used to back Hong Kong activists, highlighting the need for a censorship resistance currency such as Bitcoin (BTC). In particular, London-headquartered, multinational bank closed a corporate checking account that was supposedly utilized to move crowd sourced money to back pursuits of dissidents. The bank   Read more...

Longhash, blockchain education platform, has unveiled a research document that contradicts the 2017 single-whale theory related to Bitcoin (BTC) rally. Academics at crypto analytics firm Longhash has stated that they have created a metric called “Tether Purchasing Power,” which provides in-depth details into the query of whether stablecoin Tether (USDT) was used to rig cryptocurrency   Read more...

Tassat, New York based financial technology provider, is collaborating with Blockfills, a digital asset market maker, to unveil a new product, namely institutional Trade at Settlement (TAS) on spot Bitcoin (XBT/USD). As per a news publication by Hedgeweek, Blockfills, which is an expert in digital assets market making, trading and prime brokerage, will collaborate with   Read more...

A blockchain powered rewards program to administer individual information and encourage troops is being considered by China’s military, according to Global Times report. The blockchain powered platform, as per a report from People’s Liberation Army (PLA), would probably not offer any kind of financial incentives, but would improve the overall management of the military. The   Read more...

LocalBitcoins has been endorsed as a virtual currency provider by the Finnish Financial Services Authority (FIN-FSA) at the start of November 2019. Finland only permits officially registered cryptocurrency vendors who match the legal criteria to function in the country. To obtain the endorsement, LocalBitcoins had to substantiate to the FIN-FSA that it is following appropriate   Read more...

Nicholas Maduro, President of Venezuela, has announced that the residents of the country, primarily the pensioners and retired people, will receive Christmas bonus in Petro, which is the government-backed cryptocurrency. Venepress, a local media outlet, has revealed the government’s decision through a tweet. Notably, this is not the first time the country is trying to   Read more...

The number of Bitcoin (BTC) ATMs operating across the globe has exceeded 6,000 according to online media outlet CoinATMRadar. Currently, there are 6,004 machines running across the world, with more than 65% of them operating in the US. Moreover, 108 machines have been installed in November and info also reveals that the average daily number   Read more...

BaFin (Federal Financial Supervisory Authority), German regulator, has cautioned investors not to deal with 5 Capital, Bulgarian cryptocurrency broker. The regulator has prohibited 5 Capital from functioning in the country as the enterprise has unlawfully issued Contracts for Difference (CFDs) structured to reveal customers to the crypto price volatility. The regulator discovered that the enterprise   Read more...

The US Fed has stated that stablecoins could parallel other modes of payment and enhance customer experience, but requires regular checks. In its November 2019 Financial Stability Report published on November 15, the Federal Reserve talks about stablecoins and their likely effect on the US and elsewhere. Instead of brushing away stablecoin irrelevant, officials are   Read more...