Monthly Archives: April 2020

Binance Latam Lists Bolívar Amid VE’s Struggling National Economy

Major cryptocurrency exchange added Venezuelan Bolivar to its P2P trading portfolio. On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer-to-peer trading platform against BTC, USDT, ETH, BNB, BUSD, and EOS, with no fees attached. Exchange customers can now search for local P2P merchants who have stable cryptocurrency sources and trade them for VES. According to Binance, there are no security deposits and zero transaction fees. In recent years, Venezuela has dealt with numerous economic and political crises. These […]

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Aussie Crypto Unicorn Raises $160M With ‘Big Four’ Bank Backing

Airwallex is one of just three Australian ‘unicorns,’ raising $160 million in a round led by ANZ bank and cloud software firm Salesforce. Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. Existing investors Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round — bringing the total raised to-date by the cross-border payments platform to $362 million as of […]

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ZA Group Says Crypto Not Likely to Be a Threat to Monetary System

In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa’s monetary system. As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country’s monetary system at present.   In its April 16 paper, under a section titled “the risks of crypto assets,” the IFWG said: “The risk of a parallel, fragmented, non-sovereign monetary system: The risk […]

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Expert Warns: Don’t Trust Ransomware Groups Amid Pandemic

A cybersecurity expert is convinced that the promises made by ransomware groups amid the pandemic are irrelevant. A cybersecurity expert explained why he is convinced that the promises made by ransomware groups amid the pandemic are irrelevant. Brett Callow — threat analyst at cybersecurity firm Emsisoft — told Cointelegraph that multiple ransomware groups recently made promises to halt their activity against medical organizations amid the coronavirus pandemic. Still, he believes that those promises are irrelevant: “The claims of a ceasefire made by ransomware groups are irrelevant [and] […]

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Bitcoin-Based Payment Facilitator Purse.io Shuts Down

Long-time Bitcoin payment facilitator, Purse.io, has chosen to close up shop. After six years of service, Bitcoin-based Amazon payment facilitator, Purse.io, announced  that they are closing their business.  “We’ve made the very difficult decision to dissolve the company. We’re grateful for the opportunity afforded by our supporters to build products and infrastructure for the cryptocurrency community,” the company said in an April 16 statement.  A company helping Bitcoin’s adoption As one of the first blockchain businesses of its kind, Purse.io came into the world in 2014, offering […]

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Looming US Real Estate Crisis – Freddie Mac Warns of Housing Market Uncertainty, Homebuilder sentiment Drops 58%

U.S. real estate agents and lenders are bracing for the biggest housing crash in over a decade. Since the coronavirus spread and the American government shut down the nation’s economy, Freddie Mac’s quarterly real estate report is grim and says the U.S. housing market faces considerable challenges “amid economic uncertainty.” Further, the NHB Wells Fargo Housing Index otherwise known as the Homebuilders sentiment has seen the largest drop since 2012. Also read: $2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy […]

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Controversial Decision by US Gov Could Lead to Mobile Blockchain Development

US government decides to foster 5G and IoT technologies over defense lobby’s objections. On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president Trump to prevent the commission from issuing the approval. The controversy arises from the fact that the adjacent bands are used for the Global Positioning Satellites (GPS) which provide essential functionality for […]

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BitGo Offers Tax Tracking Services for Institutional Clients by Acquiring Lumina

BitGo has bought Lumina, a company that provides tax and portfolio management solutions for institutional investors. BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders. The deal is part of BitGo’s year-long strategy to diversify its crypto business. The deal, whose value remains undisclosed, was announced by BitGo on April 16. Lumina had raised $4 million in seed funding in 2018. The startup will be fully integrated into BitGo’s current product offerings, with its team being absorbed […]

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Tether Market Cap Soars $2B Since March — Biggest Monthly Inflow Ever

Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such as USD Coin (USDC), Paxos Standard (PAX) and TrueUSD (TUSD) have gained modest ground in the last few months, reducing USDT’s market share in monthly Bitcoin (BTC) volume traded into stablecoins from […]

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Automated Platform Helps Everyday Users Invest like the Pros

Everyday users can now profit from automated digital asset trading funds made by trading professionals, thanks to crypto startup Mudrex’s new platform. Crypto startup, Mudrex, has come out with a new platform called Mudrex Invest. The new product allows average users to profit from expert-built automated trading accounts. “Sophisticated traders create trading algorithms using Mudrex automated trading platform,” a Mudrex CEO Rohit Goyal told Cointelegraph. “Multiple algorithms are merged together to create low-risk/low-reward to high-risk/high-reward portfolios,” he added.  Trading  and investing creates many losers Trading is a […]

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