Globitex Introduces A Banking Solution With Instant Cash
By Sam Mitchell
Globitex, one of the leading crypto exchanges has made tremendous efforts in the market. The exchange has introduced Euro Wallet, a new service for crypto users. This new service will enable the traders to pay and get Euro payments in their personal International Bank Account Number. It works just like any other bank account in Europe. The organization claims that the service is a solution to financial institutions that are deactivating...
Carney, A Digital Currency Will Curb Dollar’s Dominance In International Trade
By Sam Mitchell
According to the governor of the Bank of England, Mark Carney, the strong US Dollar has a “destabilizing” dominance on international trade. To solve the problem, Carney is proposing the establishment of a global Digital currency to checkmate the dominance of the US Dollar US Dollar. The Bank of England chief made the remarks while addressing attendees at the Jackson Hole Symposium on Friday. The focal point in his case...
Obstacles To Bitcoin’s Full Legalization
By Sam Mitchell
It’s been a decade since the world’s first cryptocurrency was created. The world changed ever since. Early buyers became rich instantly when they sold it in late 2017 when bitcoin was at its peak. The main question continues to be; when will bitcoin become legal? Wikipedia says the flagship currency is legal in most of South America, North America and Europe. The European Union legalized bitcoin by claiming that it’s...
ETFs Are More Stable Than Bitcoin
By Sam Mitchell
Bitcoin is undoubtedly the most volatile crypto asset in financial history. It’s incredible, the thought that bitcoin’s price was once at $0.003. 2017 was the peak of the digital currency markets and Bitcoin itself hit an all-time high of $19,783 for a single unit. What a time it was for bitcoin holders. The good times were short-lived. The frenzy didn’t last long and soon enough, the prices started dropping. For...
Stay Safe From Crypto Hacking
By Sam Mitchell
Crypto hacking is a long-standing problem in the industry. The problem has been a persisting issue since crypto’s inception. And the fact that there are no means of dispute resolution is a huge contributing factor. But that’s not the only reason why crypto hacking still rocks the industry. The lack of laws and regulations in addition to the fact that law enforcement agencies lack adequate knowledge on the subject are...
RIPPLE(XRP)
By Sam Mitchell
The digital online market has been around for a while now, touching every corner of global financial markets and being accepted in addition to other mediums of transactions. There are various platforms that make it easy to transact business online, and a lot of these platforms are aiming to have a share of this competitive market. With institutions all around the globe finally accepting and recognizing the value and reliability...
Why Most Scholars Don’t Understand Bitcoin
By Sam Mitchell
Misir Mahmudov, a well-respected crypto analyst and a bitcoin influencer has caused a stir among bitcoin critics. The analyst has argued that the reason why most educated people fail to see the benefits of bitcoin is because they are only specialized in one field. Mahmudov who is also a financial economics student at the Columbia University says that in order for one to truly understand how bitcoin works, one has...
All You Need To Know About Crypto Taxes
By Sam Mitchell
Crypto taxes are not as straightforward as you think. There are certain provisions in the new crypto tax law that makes taxing of crypto not exactly a walk in the park. Besides that, the Internal Revenue Service is not clear about certain provisions within the same crypto tax law. Ultimately the burden lies on the taxpayer. The taxpayer has to revise all crypto trades made, compile all the necessary information...
Bitcoin SV (BSV)
By Sam Mitchell
The SV in Bitcoin SV stands for Satoshi’s vision. It is the latest offshoot from a Bitcoin Cash hard fork that happened towards the end of 2018. This piece explores the origins and circumstances that led to Bitcoin SV existence and the benefits its users enjoy. Bitcoin SV Origins It wasn’t until when an intended upgrade to bitcoin cash was imminent when Bitcoin SV was introduced. When developer Amaury Sechet...
Litecoin Origins And Its Comparison With Bitcoin
By Sam Mitchell
Litecoin, commonly known as ‘the silver to bitcoin’s gold’, is a decentralized peer to peer currency released on October 7th 2011 and went live a week later on October 13th. The creator is Charles Lee, a California based software engineer. He not as anonymous as Bitcoin’s Satoshi Nakamoto, although he tries to. However, he is active both on social media and in his blog. Lee created Litecoin as a complimentary...
Blockchain In The Energy Sector
By Sam Mitchell
Just like in the finance and health industry, blockchain has also found its way in the energy sector. Blockchain applications in the energy sector range from financing and transparency in the supply chain to grid transactions. Industry prospects and startups are already implementing blockchain. Continuing advancements will no doubt replace the outdated traditional systems entirely. Blockchain technology in the energy sector has enabled the creation of auditable, automated and transparent...
Etoro Lists Binance Crypto Token
By Sam Mitchell
eToro, a social trading platform, has officially announced its partnership with Binance and has listed its Crypto token, the Binance Coin (BNB), on its platform. eToro has also become the first platform to provide the BNB tokens for trading to investors through using fiat currency. This new addition of the BNB token on the eToro platform puts the total number of Crypto assets available on the platform to thirteen. Long-Term...
Why Tokenising Ethereum Gas Makes Sense
By Sam Mitchell
Ethereum cryptocurrency is one of the most exciting blockchain projects. Nevertheless, the cryptocurrency has come across a few hurdles, such as concerns over the cryptocurrency’s ability to reduce or even scale the overall transaction costs. That being so, a solution to allow users to tokenize the Ethereum gas market presents itself. Some interesting aspects of the technology are cropping up with the new concept, but it still remains to be...
ICO Class Action
By Sam Mitchell
ICO Class Action (ICA) is a portal that helps people who have suffered financial losses because of ICOs that are not delivering. This platform provides assessment, legal support, and advice to the people who lose money because of such ICOs. Most of the people who lose their money because of the non-delivering ICOs usually do not know what to do or who to turn to. But this particular platform provides...
Paxos Standard Now Listed By BitPay
By Sam Mitchell
A new move by BitPay is seen as enhancing its list of stablecoin offerings that are designed for merchant settlement. This is the move to list Paxos Limited tokens for use on various transactions. It is definitely the most highly traded in the newly-created regulated stablecoins group. More Support Already Added Barely a month ago, BitPay had begun making serious advancements in regards to adding more support. The support for...
Samsung SDS Partners With ABN AMRO And Port Of Rotterdam On Blockchain Pilot
By Sam Mitchell
A press release from Samsung made on the 22nd of October has announced that the tech giant’s IT subsidiary will be partnering with one of the major Dutch Banks, the ABN AMRO, in testing a Blockchain pilot that has been developed for use in the shipping industry. The Merging Of Two Different Blockchain Networks According to the press release made by Samsung SDS, which is the IT and tech arm...
Minerstat Is Offering Enterprise-Level Crypto Mining Management
By Sam Mitchell
Minerstat has been revamped and relaunched in a bid to reposition it as a leading platform for Crypto mining management. The Estonian-based platform in Tallinn is now offering comprehensive enterprise-level specialized services that aim to empower professional mining managers. In this perspective, mining managers refer to sophisticated and experienced Crypto mining gurus who are alive to the fact that Crypto mining is a sophisticated industry that requires advanced tools to...
Commissioner Hester Peirce Insights On ICOs and ETFs
By Sam Mitchell
The US Securities and Exchange Commissioner Hester Peirce wants the commission to change its perspective on Initial Coin Offerings and crypto backed Exchange Traded Fund. Speaking at the University Missouri School of Law, she explored the SEC’s duty of protecting investors while promoting innovation. At the same time, she analyzed the different angles of viewing ICOs and how the commission has approached different issues regarding ETF proposals. In her approach to...
KuCoin Cryptocurrency Exchange Raises $20 Million
By Sam Mitchell
KuCoin has successfully managed to raise S$27.5 million (US$20 million) in a series A funding. The Singapore-based virtual currency platform, which started in September 2017, is planning to launch Platform 2.0 early next year. The new funding will help the company to hire more customer support staff to improve its customer service. IDG Capital And Other Companies Help KuCoin Raise $20 Million KuCoin Cryptocurrency platform, which became operational in September...
The Number Of Cryptocurrency ATMs Worldwide Reaches 4,000
By Sam Mitchell
Recent statistics by Coinatmradar.com indicate that the number of altcoin ATMs worldwide has grown exponentially to about 4,000. In the last two months, that average daily installation has reached 6.7 machines. North America has the highest number of these machines while Africa has the least with only 0.20 percent. A Rise In Cryptocurrency ATMs Cryptocurrency automated teller machines (ATMs) are one of the various ways that one can use to...
Latest Crypto News
June 28, 2024
Innovations Happening In The Crypto Exchange Scene
Cryptocurrency exchanges are a vital part of the crypto infrastructure. News of huge profits made on the exchanges hacks happening at an alarming rate, exchanges imitating one another and others […]
May 31, 2024
Bybit Card: How It Works, Costs, Limits, and How to Order
Overview: The Bybit Card, powered by Mastercard, enables users to spend cryptocurrencies at any online or physical store accepting card payments and allows cash withdrawals directly from crypto accounts. It […]
April 17, 2024
This Crypto’s Stunning Rally: 12% Boost Post-Champions League Victory—Is the Trend Reversing?
Paris Saint-Germain’s Token Skyrockets Following Triumph Over Barcelona. In a remarkable intertwining of cryptocurrency with sports, the $PSG token—Paris Saint-Germain’s own crypto—witnessed a dramatic 12% rise in value following their […]