Financial Industry News
Bitcoin (BTC) hasn’t been doing all too hot over the past five months. Since June, the leading cryptocurrency has cratered by almost 50%, collapsing from a year-to-date high of $14,000 to $8,500, where it sits today. BTC fell as low as $7,300 just three weeks ago. Related Reading: Crypto Tidbits: RBC May Embrace Bitcoin, China […]
Continue ReadingSBI Ripple Asia has just confirmed that it will be working with SBI Remit and Vietnam’s TPBank to facilitate remittance payments between Japan and Vietnam. The partnership will enable near-instant, low cost payments using the collaboration between Ripple Labs and SBI Holdings, RippleNet. Although the partnership is certainly encouraging for the adoption of RippleNet, the […]
Continue ReadingA group of blockchain-interested startups have joined forces to create a huge new incubator for startups in Paris, France. Known as the “The Garage”, the effort aims to enhance Europe’s position in the global blockchain industry. The Parisian headquarters will serve as a hub for the industry. It will not only provide it greater visibility […]
Continue ReadingAnother week, another round of Crypto Tidbits. Again, Bitcoin (BTC) saw a relatively meek week in terms of price action, or lack thereof; the leading cryptocurrency fell by 5% over the course of the week, but still seems to be stuck in a tight range as a trend fails to be established. Despite this, the […]
Continue ReadingBobby Lee expects Bitcoin price to reach $1 million in five to ten years after a couple of more bubbles. Ballet crypto wallet founder, and ex-CEO and founder of one of China’s longest-running crypto exchanged, BTCC, Bobby Lee, put forward some lofty price predictions for Bitcoin at the just concluded Malta AIBC. Bobby Lee Launches […]
Continue ReadingThe Bakkt platform is having another good day of trading. The much-hyped Bitcoin futures contracts that disappointed many on first launch has hit another all-time high in daily trading volume, well before its close. Bakkt trading volume is surging whilst Bitcoin has made a considerable move down in price. The price of the number one […]
Continue ReadingBitfinex has just announced a new update that will help support the Bitcoin network. The crypto exchange platform will allow users to deposit using bech32 (SegWit) addresses. SegWit is a method to effectively increase the capacity of the Bitcoin blockchain. It was introduced to the network via a soft fork in August 2017. SegWit Support […]
Continue ReadingLeading crypto exchange, Bittrex, announced that it was leaving Malta last week and setting up new headquarters in Liechtenstein. According to a market onlooker, the relocation has taken place around the same time the Maltese government has announced plans to tighten its money laundering policy for cryptocurrency businesses. Malta to Actively Monitor Crypto Businesses Coincidence […]
Continue ReadingChinese President Xi Jinping’s pro-blockchain comments were credited as the main reason behind the crypto market rally that has defied all expectations since last Friday. However, Xi’s remarks also benefited local tech firms. Shenzhen Tech Index Up to Highest Level in 8 Months On Monday, most of the tech companies traded in China, especially those […]
Continue ReadingAlthough the United States is far from being pro-crypto, it is the country that has the largest number of cryptocurrencies hodlers. Most notably, according to a study commissioned by Finder, the number of Americans owning crypto assets is rising. US Crypto Owners Up 81% since 2018 Many countries are starting to understand the importance of […]
Continue Reading