Month: September 2019

Advertisment Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods of monetary policy like helicopter money to save the economy. Also Read: Money and Democracy: Why You Never Get to Vote on the Most Read more …

Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods of monetary policy like helicopter money to save the economy. Also Read: Money and Democracy: Why You Never Get to Vote on the Most Important Read more …

Ripple, the company behind the XRP crypto asset, has reportedly just moved around $15.3 million worth of the digital currency to a wallet associated with over-the-counter sales. The news could be a sign that the firm is planning to dump yet more of its XRP tokens on the market. Ripple is by far the largest holder of XRP. It has a history of selling its own holdings, much to the chagrin of other XRP holders. Is Ripple Planning to Sell Read more …

German police have raided and shut down Cyberbunker 2.0, a decommissioned NATO bunker that housed dark web market servers and child porn. The bunker, hidden in the Mosel River town of Traben-Trarbach, held multiple stories of servers as well as “$41 million worth of funds allegedly tied to these markets,” according to security researcher Brian Krebs. “Incredibly, for at least two of the men accused in the scheme, this was their second bunker-based hosting business that was raided by cops Read more …

Bitcoin (BTC) price has had a volatile start to the week. Asia kicked off the trading week with a 4% selloff that brought Bitcoin price from $8,050 to $7,700. The ball was then passed to the Europeans who started a rally which continued through to the New York trading session. By the end of the day, Bitcoin had rallied 8% from the bottom to highs of $8,325, which was near a 3.5% gain for the day.  Altcoins have also been Read more …

All’s well that end’s well. The US stock market seemed to have followed the message in spirit as it started the week and ended the month today on a ‘green note’. And speaking of green, greenback, the US dollar hit its highest level since 2017. Bitcoin 00 markets haven’t stayed behind either as BTC rose 4% in the last 24 hours.  ‘Monday Green’ Not ‘Monday Blues’ For US Dollar, Stock Markets As reported by the Financial Times, the greenback rose Read more …

Cryptocurrency trading platform Bittrex has announced Bittrex Global, a new platform headquartered in Liechtenstein. Per a press release shared with Cointelegraph on Sept. 30, Bittrex is expecting to roll out Bittrex Global at the end of October in the city of Vaduz, Liechtenstein. A fundamental reason for Bittrex’s choice to set up a new trading platform in Liechtenstein is the country’s regulatory clarity toward digital currencies and blockchain technology. New products in accordance with European Union law Bittrex Global is Read more …

Bitcoin was the first cryptocurrency to ever be created, and any crypto assets created after it are referred to as altcoins. These altcoins promise to improve upon Bitcoin in a number of ways – from faster transaction speeds to a larger supply and other attributes – and to bring investors gains similar to that of early Bitcoin investors. But not only has Bitcoin outperformed most altcoins in 2019 and historically, but altcoins may also be responsible for the asset’s bear Read more …

Ethereum test network Ropsten has forked into two separate chains following the activation of system-wide upgrade Istanbul. “It appears there are two different chains mining the Ropsten test network. There are miners mining on the old [Ropsten] chain and miners mining the new one,” explained Ethereum Foundation community manager Hudson Jameson, adding in a tweet: “This is what testnets are for! Be aware that Ropsten will be unstable until this all plays out.” Originally expected to activate on Oct. 2 Read more …

From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly.  In this regard, over the past few years, the U.S. regulatory landscape has seemed so hostile toward the crypto industry that a number of prominent exchange operators have preferred not to serve U.S. citizens at all — a case in point being Read more …

2019 has been a tough year for altcoin investors, who have had to sit back and watch their asset’s value fall further while Bitcoin went on a parabolic rally. But no subset of altcoin holder has suffered as much as holders of XRP, the native token of the Ripple protocol. The asset was among the year’s worst performers and has fallen 99% from its all-time high set back nearly two years ago. However, relief may finally be in sight as Read more …

Major cryptocurrency payment services provider BitPay has undergone a security and confidentiality compliance review, the Service Organization Control 2 (SOC 2). Per a Sept. 30 press release, business advisory company Aprio confirmed BitPay’s compliance with the SOC 2, a tech audit and a requirement for technology companies that assures that customers’ personal data is kept secure and confidential. Passing an SOC 2 review means that the firm has met criteria set by the American Institute of Certified Public Accountants in Read more …