The unthinkable just happened: Bitcoin derivatives trading platform BitMEX is being targeted by the CFTC for a variety of charges, and the company’s CTO has already been arrested related to the case. Now, the worst possible scenario could be on the horizon: The United States regulator could target Tether and parent company Bitfinex next. Here’s how this black swan event could play out, and how it could be devastating to the entire fabric of the cryptocurrency if this happens. Crypto Read more …
[London, UK]: Spectrecoin is making a serious move towards more mainstream recognition and influence with the re-brand to Alias. Governments are striving to criminalize digital privacy under the pretense of increasing online safety and prevent money laundering. As a result, many exchanges have been delisting privacy projects whose only aim is to protect one’s right to privacy online. Established projects like Alias and newcomers alike are working overtime despite this adversity and keep releasing bleeding edge technology. One has to Read more …
Earlier today Yearn.finance (YFI) and Ether (ETH) rose sharply after Uniswap’s governance token UNI plunged 22% from $8.00 to $6.80. UNI, which launched less than 48 hours ago, has rallied from around $1.00 to $8.00 in a short period. After an impressive eight-fold gain, the token started to pull back but trading volume suggests traders have their eyes set on higher prices. YFI and ETH rallied as UNI corrected As UNI started to make a parabolic rally from $1 onwards, Read more …
Blockchain security firm Quantstamp has published a security review of hyped DeFi protocol SushiSwap, identifying ten issues with the platform. The good news is the issues with the Uniswap fork aren’t likely to be fatal — unlike the critical bug that took out YFI clone YAM after 48 hours. The researchers identified two medium risk, three low risk, and five informational issues with the code. Among the concerns identified were errors failing to prevent the same liquidity provider token from Read more …
“What is the cheapest or most affordable cryptocurrency exchange to use in Nigeria?” We answer this question in this article that highlights the top Nigerian exchanges and their trading fees in 2020. Nigeria is one of the largest cryptocurrency markets in Africa. For instance, several exchanges have reported high trade volumes in 2020. Further, the West African country leads the rest of the world in the interest of bitcoin according to Google trends. The large volumes of cryptocurrencies traded in Read more …
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax transactions using “data-driven detection.” Still, the report notes that “at this stage, the precise meaning of a digital market place and those who will be Read more …
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well as for international remittances among many growing use cases. However, this growth momentum faces a threat from an old vice — scams. Cryptocurrency-related scams threaten to overrun the blockchain space as new ones get launched all Read more …
Chainlink (LINK), one of the best-performing alternative cryptocurrencies (altcoins) in 2020, saw another statistic reach a record high, namely the number of Twitter followers. According to market data and research firm CryptoCompare, social media followers of the project are continuously surging past new highs. Researchers at CryptoCompare wrote: “LINK has been one of the standout altcoin performers of 2020 and seems to be going from strength to strength. Its social media followers seem to be growing in tandem as it Read more …
The body for regulating digital assets in Japan, the Financial Services Agency (FSA), has whitelisted OMG Network’s native token for trading. According to a July 22 announcement from GMO Coin, the Japanese crypto exchange is now offering trading for the OMG Network token (OMG). The addition of the coin on the exchange, licensed by the FSA in its role as Japan’s financial watchdog, indicates that OMG is the 27th virtual asset to be approved in the country. The most recent Read more …
The sports betting industry is dominated by a few major players. However, project Si14Bet invest is taking a unique approach that will ensure it succeeds. With new areas of expansion, it creates an opportunity for betting platforms to offer a new approach to betting enthusiasts. Project Si14bet Invest is one of the firms trying a new approach in the industry. The company has developed a peer-to-peer sports event betting platform that allows player-to-player betting. To achieve this, project Si14bet invest Read more …
Today, we will be looking at some of the past price trends, developments, and market opinions for XYO so that we can issue an XYO price prediction for July 2020. XYO Overview XYO is a decentralized oracle network of devices that anonymously collects and validates location data, or data with a geographic component, for cars and smartphones. XYO currently holds a 484th position based on a market cap of $6,377,611, with a 24-hour trading volume of $52,213.95 worth of XYO. There Read more …
New Binance app screenshots show MPESA payments. The latest updates to the Binance mobile application for select users indicate that the global exchange is testing MPESA payments. This update will allow Kenyan users on Binance to make payments on Binance P2P through MPESA. Before this update, traders could only use bank transfer as a method of payment. The new feature is not live for all users but is expected to roll out soon. Source: BitcoinKE You can check if you Read more …