Advertisment As cryptocurrencies become a household phrase, there are probably still many of you out there wondering what is Bitcoin? Bitcoin is the world’s largest cryptocurrency, which is essentially a digital currency or online cash. Bitcoin can be bought or sold, traded, or used to pay for items where it’s accepted. The concept of Bitcoin was first published in 2009 by an entity called Satoshi Nakamoto, which could be either a group or an individual—to this day nobody is sure. Read more …
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction Bank (CCB) and Bank of Communications (Bocom), two leading state-run banks, are increasing efforts to find new applications for the central bank digital currency (CBDC) Read more …
A pair of high-ranking officials in El Salvador’s ruling party, Nuevas Ideas, took aim at critics who stand in opposition to the country’s forthcoming Bitcoin legal tender law on Tuesday. In what appears to be one of the first public pushes to counter critics by the administration, the deputy of the party, Christian Guevara pointed out the ignorance of the opposition’s knowledge of Bitcoin basics, Diario La Huella reported. “Perhaps those who oppose Bitcoin have already heard the opinions of Read more …
The cryptocurrency ecosystem has grown significantly over the last few years. However, the use of digital assets is only limited to tech-savvy individuals, especially from countries where cryptocurrencies are gaining more mainstream attention and status. For most of the world’s population, the concept of digital currencies seems a bit far-fetched, primarily due to the lack of awareness, region-specific regulations, and the complications of registering a trading account and entering the ecosystem. Orion Protocol, built on the most advanced liquidity aggregator Read more …
It seems that the next paradigm shift is making its presence known, and that is the tilt from centralized cloud computing to decentralized blockchains. With the advent of the coronavirus pandemic, cloud computing is presently enabling remote working experiences for many as a distributed team can access and leverage on a unified work platform. Decentralized cloud computing: what you need to know on aelf (ELF) Presently, there is growing knowledge that a more decentralized cloud computing methodology could be a Read more …
The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said to be associated with pyramid scam Onecoin. Onecoin Loot in Dubai Besides investigating the transfer of the crypto assets, the probe is expected to examine transactions involving cash and property worth $10 billion. According to the Seychelles News Agency, the FCIU’s receipt of the request for an investigation follows the Read more …
Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new executives assembled by David Puth, CEO of Centre, will look to support new partners and add new alliances to keep the company growing in the future. One of the objectives of the new ensemble will be to create an interoperable global network of stablecoins. Centre Consortium Expands Team to Read more …
On Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx. FTX Acquires Virtual Currency Futures and Options Exchange Ledgerx Ledgerx has been acquired by the cryptocurrency giant FTX, according to an announcement published on August 31. Ledgerx is a popular crypto derivatives platform that has seen “over 10 million crypto options and swap Read more …
On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens. The Bitpay Wallet Supports 1inch Decentralized finance (defi) has grown exponentially according to statistics as defillama.com data shows there’s $157 billion total value locked (TVL) across all defi supporting blockchains. Metrics from Dune Analytics indicate that, as far as Ethereum Read more …
press release PRESS RELEASE. The Dvision Network team is hosting an augmented reality metaverse conference to commemorate the first anniversary of the Binance Smart Chain (BSC) ecosystem next month. The celebration will start on the 2nd and end on the 7th of September, lasting six days with an action-packed agenda that should last around 4-5 hours per day. Dubbed the “Binance Smart Chain 1st Anniversary in Dvision Metaversarve”, the event will count with 30 notable projects in the GameFi and Read more …
China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain Special Work Symposium in Beijing. Jiang Dongxing, deputy director of the Science and Technology Regulatory Bureau of the CSRC, stated this digitization is key for the future of the industry. China Aims to Digitize Financial Markets Using Blockchain Read more …
Bitcoin price is trading below the $48,000 resistance zone against the US Dollar. BTC could decline heavily if it fails to stay above the $46,500 support zone. Bitcoin failed to surpass $48,250 and dropped back to $46,500. The price is now trading well below $48,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $47,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate Read more …