Monthly Archives: January 2020

HSBC Closes 2 Branches Following New Protests in Hong Kong

HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend overnight services at 19 other ATM locations on weekends and public holidays. Also read: Crypto Banks Gain Regulatory Recognition Across the Globe ATMs in Protest Hotspots Closed The affected teller machines are located in common protest hotspots, Reuters reported. […]

More info

Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of second bailout for banks,” the memo read, in reference to a headline about the U.K. government’s actions during the global recession of 2008 and 2009. The rest, as you no doubt know, […]

More info

StrainSecure Seed-to-Sale Blockchain Cannabis Tracker Is a Gamechanger

TruTracker seed-to-sale blockchain-based cannabis tracker StrainSecure set to revolutionize the medical cannabis industry. Medical cannabis companies are rushing to sign up for the world’s first blockchain-secured platform for tracking product from seed-to-sale, according to a report from ProActiveInvestors on Jan. 3. The StrainSecure platform, developed by TruTrace, provides testing, DNA-based validation and product guarantees for patients and customers. Seed-to-sale tracking The immutable, cryptographically-secure platform enables cannabis producers to foster enhanced trust among customers in an industry famous for unreliable supply chains. “By focusing on granular genetic, chemical […]

More info

Hong Kong Institute of Bankers Onboards Six Virtual Banks as Members

The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members. The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release. The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong Kong. The last banks joining the HKIB are Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited, Ping An OneConnect Bank (Hong Kong) Limited, SC Digital Solutions Limited and WeLab Bank Limited. […]

More info

How Blockchain Can Improve Globalization

Blockchain technology can help to improve globalization by enabling transparency as well as the faster movement of goods and services. The birth of blockchain technology and its quick adaptation have left many people stunned, with famous CEOs, investors, entrepreneurs and financial experts often talking about how it will change the way we go about our daily financial activities. One of the most important aspects to consider in blockchain technology is how this relatively new technology can help improve globalization — i.e., the process of interaction and integration […]

More info

Price Analysis Jan 03: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign. Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike ordered by the US President Donald Trump, caused a reversal in Bitcoin’s price. This shows that the market participants have again turned to cryptocurrencies in times of uncertainty and escalating geopolitical tensions. […]

More info

Proof of Keys Day Returns on Bitcoin’s 11th Birthday

Last year’s inaugural Proof of Keys day didn’t see massive amounts of bitcoin withdrawn judging by onchain data – but it did serve to educate a community. Trace Mayer’s call to arms also put exchanges on notice, with some disabling withdrawals, citing unscheduled maintenance. Here’s what the crypto community has to say about today’s event, which coincides with another watershed – Bitcoin’s 11th birthday. Also read: A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block Proof of Keys Day MKII “All you HODLers of Last Resort, […]

More info

Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

Bitcoin is selling for over $24,000 in Iran on the Localbitcoins platform as escalating tensions with the United States increase the possibility of war. Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as tensions reach a boiling point between Washington and Tehran. LocalBitcoins lowest offers per BTC. Source: LocalBitcoins Bitcoin price soars in Iranian rials The staggering premium in Iran relative to current global market […]

More info

2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 2

An overview of the stances of China, Russia, India and the developing world toward crypto regulation in 2019. This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the “Insiders,” this installment covers the prospects for the so-called “Outsiders” — i.e., China, Russia, India and the developing world. Unlike the Insiders, which built the modern financial system on top of the U.S. […]

More info

How Bitcoin Adoption Will Help India Achieve Its $5 Trillion Economy

India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a $5 trillion economy by 2024. But achieving that dream for a country with a population of 1.3 billion might be a challenge if the current economic performance is to be considered. Indeed, […]

More info
1 2 3