Blockchain World

Big Blow To The Crypto Dream: India’s Government Calls For Blanket Cryptocurrency Ban Again

Since July 2018, domestic commercial banks in India were prohibited by the Reserve Bank of India (RBI) from servicing cryptocurrency exchanges and all other businesses dealing with virtual currencies due to a circular that the Central Bank had released. In March of this year, the country’s apex court lifted the banking bank that had literally …

Big Blow To The Crypto Dream: India’s Government Calls For Blanket Cryptocurrency Ban Again Read More »

Canadian Regulator Found QuadrigaCX CEO Guilty of Gambling With Customers’ Funds

The infamous QuadrigaCX case is under investigation in Canada. The Ontario Securities Commission (OSC) found former QuadrigaCX CEO Gerald Cotten guilty of misappropriation of users’ funds. Instead of putting the customers’ money into cold storage, Gerald was buying properties across the globe. Cotten and his wife got luxury estate (more than 16 properties in Nova …

Canadian Regulator Found QuadrigaCX CEO Guilty of Gambling With Customers’ Funds Read More »

Asset Manager Timothy Peterson Highlights Reason Why Bitcoin’s $20k All-Time High Price “is Fake”

Asset manager Timothy Peterson has asserted that the 2017 Bitcoin bull market was fake. He said this in a tweet, stressing that 2013, and 2019 bull markets, just like that of 2017 were both due to manipulation and not organic bull markets as many tend to believe. Timothy suggests that the 2013 manipulation had something …

Asset Manager Timothy Peterson Highlights Reason Why Bitcoin’s $20k All-Time High Price “is Fake” Read More »

Someone spent $5.2 million in gas fees to send just two payments on Ethereum – What went on behind the scenes?

Between yesterday and today, a total of $5.2 million was paid from the same Ethereum wallet as transaction fees. The first $2.6 million paid yesterday as the fee was for a value of $133 (0.55 ETH) while the second was for around $87,000 (350 ETH). The two transactions have caused many reactions. There are several …

Someone spent $5.2 million in gas fees to send just two payments on Ethereum – What went on behind the scenes? Read More »

David Schwartz On Why Ripple Is Focusing On Smaller Payments And How It Benefits XRP

On June 9, Ripple’s SVP of Product, Asheesh Birla published an article with some insights into what the company is focusing more on in the coming quarters. The insight sparked a lot of reaction in the cryptocurrency community, especially from adherents and investors. Ripple Labs earlier announced that it will dramatically reduce its programmatic XRP …

David Schwartz On Why Ripple Is Focusing On Smaller Payments And How It Benefits XRP Read More »

Bitcoin Briefly Tops $10K After FED Announcement — Why Does This Keep Happening?

The crypto market has taken positively to the FED’s announcement. Just hours after the chairman Jerome Powell, indicated that the interest rate would remain low, Bitcoin began climbing. In the last few hours, it has gained more than 2% to take the $10K position in some exchanges. But once again, this has proven unsustainable. Powell …

Bitcoin Briefly Tops $10K After FED Announcement — Why Does This Keep Happening? Read More »

Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed?

Bitcoin has been suffering from a low volume for the last few days. This has been an indication of receding interest from retail investors. With volatility gone, speculators exit the market leading to a fall in daily trading volume. And in recent days, volatility has been at an all-time low. At the time of writing …

Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed? Read More »

Paving Way For Big Money: Bakkt, Galaxy Digital Launch Joint Institutional-Grade Bitcoin Custody Service

Bakkt, the bitcoin derivatives and custody platform owned by Intercontinental Exchange (the operator of the New York Stock Exchange) has linked up with investment management firm Galaxy Digital to create a new platform that will cater to institutional investors. As part of the partnership, the two firms have unveiled a joint “white-glove service” that will …

Paving Way For Big Money: Bakkt, Galaxy Digital Launch Joint Institutional-Grade Bitcoin Custody Service Read More »

Blockchain-friendly bank chooses USDC over Ripple and XRP for cross-border payments

A leading crypto-friendly European bank, Bank Frick has announced it is replacing interbank payment facilitator SWIFT with Circle’s Stablecoin, USDC. The bank based in Liechtenstein cited the speed of transactions for its decision as it is trying to speed up USD payments. Head of Blockchain banking at the bank, Stefan Rauti speaking on the decision …

Blockchain-friendly bank chooses USDC over Ripple and XRP for cross-border payments Read More »