Financial Industry News
Cryptocurrencies, with a market capitalization of over $200 billion, can no longer be dismissed as just a fad. While still making up only a tiny fraction of overall global financial markets, they have matured from the ranks of fledgling startups to being leveraged by large enterprises for use cases ranging from global payments, asset-backed tokens […]
Continue ReadingThe IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance purchase, and similar crimes. Crypto ATMs and kiosks have become an increasingly popular method of purchasing cryptocurrencies, as well as withdrawing funds among the United States-based crypto users. […]
Continue ReadingKamala Harris received nearly twice as much in campaign donations from Juul insiders than any other Democratic presidential candidate. In fact, she’s received more Juul cash than every other candidate combined. Why are Juul insiders supporting her rather than more popular candidates like Joe Biden? While likely Democratic presidential primary voters rally around Joe Biden, […]
Continue ReadingThe launch of a U.S.-regulated Bitcoin exchange-traded fund (ETF) has long been the dream of cryptocurrency investors — they believe that such a vehicle would catalyze mass inflows, kicking off BTC’s largest bull run yet. Though, the past few years haven’t been too kind to cryptocurrency ETF hopefuls. Just last month, the U.S. Securities and […]
Continue ReadingCouldn’t make it to this year’s BlockShow Asia? Don’t worry. Cointelegraph has you covered with some key highlights of BlockShow Asia 2019 held Nov. 14-15 in Singapore. Cointelegraph moderated the first crypto media gathering as BlockShow hosted well-known personalities from the cryptocurrency industry, such as Binance CEO Changpeng Zhao, also known as CZ, and Hyperledger […]
Continue ReadingA study from researchers at Lawrence Berkeley National Laboratory finds that U.S. gamers emit more carbon dioxide than Sri Lanka. Gaming’s carbon footprint may increase with the rise of cloud-based streaming services. The video game industry is actively working to make consoles and devices greener. Gaming is expensive, and in more ways than one. According […]
Continue ReadingSpeaking at BlockShow Asia 2019, aBey Foundation co-founder Dr. Ciprian Pungila announced aPay, a payment system that lets the cryptocurrency community use its assets for daily payments via credit card integrations. aPay users can send their cryptocurrencies to the platform and gain access to three different credit cards that operate with UnionPay, Mastercard, and Visa. […]
Continue ReadingThis past week, Bitcoin (BTC) price had many investors biting their nails as the top crypto asset turned bearish and is currently fighting to stay above crucial support at $8,300. Meanwhile, altcoin investors are growing increasingly bullish sentiment wise and a number of lesser-known altcoins rallied impressively throughout the week. Ether price (ETH) is also […]
Continue ReadingStablecoins could “complement” other payment systems and improve conditions for consumers, but need constant checks, says the United States Federal Reserve. In its November 2019 Financial Stability Report released on Nov. 15, the Fed highlights stablecoins and their potential impact on the U.S. and beyond. Fed: Unregulated stablecoins “pose risks” Rather than dismissing the phenomenon, […]
Continue ReadingA BBC investigation has revealed links between Russia’s intelligence agency, the Federal Security Service (FSB), and the collapse of the Wex cryptocurrency exchange in 2018. One of the sites co-founders claimed that he was forced to hand over customers’ wallet data and told the money (around $450 million) would go to “the FSB fund.” BBC Audio Recordings […]
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