Monthly Archives: June 2021

Binance tackles Travel Rule compliance after multiple bans

Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace. Binance, the world’s top-ranked crypto exchange by daily trading volume, has faced a quick succession of bans on its operations in three different jurisdictions: Ontario, Canada; Japan; and the United Kingdom. While affected users continue to adjust to these quickfire developments, the platform appears to be stepping up its efforts to comply with international regulatory requirements — specifically, the industry-shaping so-called “Travel […]

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There Are Now Twice as Many 2021 ‘Bitcoin Deaths’ Compared to 2020’s BTC Obituaries List

Bitcoin is down in value 45% since the crypto asset’s all-time high (ATH) three months ago and the downward movement has ignited significant speculation about another bear market. Other skeptics believe that bitcoin has died, as the web page that hosts bitcoin obituaries indicates 2021 bitcoin deaths have doubled in comparison to all the bitcoin obituaries in 2020. According to Skeptics Bitcoin Has Died 29 Times This Year The price of bitcoin (BTC) is lower than it was three months ago when the crypto asset touched an […]

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Blockware Mining Raises $25 Million, Seeks To Triple Hash Rate

Bitcoin mining company Blockware Mining has raised $25 million and plans to triple hash rate capacity and build out Kentucky facilities. North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in a second oversubscribed funding round, bringing the company’s total capital raised to more than $32 million. According to the announcement, Blockware plans to use the funding proceeds to increase both the scale and scope of its mining operations in its currently-installed North American farms and beyond. The company’s previous […]

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1inch Foundation upgrades governance framework

The 1inch Network’s governance framework will have many of the hallmarks of Ethereum-based projects in a move that prioritizes user experience and broader network participation. 1inch Foundation, the non-profit arm of the 1inch decentralized exchange aggregator, has introduced important changes to its governance framework intended to streamline the proposal process.  On Wednesday, the Foundation announced the creation of the 1inch Network Governance, which complements the “instant governance” framework the protocol launched back in December 2020. Instant governance gave 1inch token stakers the ability to vote on changes […]

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Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June

A curious pattern emerges as Bitcoin stays stuck in its defined trading range between $30,000 and $40,000. Bitcoin (BTC) is printing a new price indicator this month — and it may not involve anything more than the day of the week. In its latest Telegram market update on June 30, crypto trading firm QCP Capital revealed its “Turnaround Tuesdays” indicator had caught all of the past month’s BTC price extremes. Bitcoin seals a month of “Turnaround Tuesdays” According to analysts, Bitcoin, despite trading in a predictable range […]

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Bringing contemporary pop art to an NFT metaverse

The realm of metaverses is growing, with gaming, nonfungible tokens and contemporary performance art all contributing to create interactive and immersive digital-only ecosystems. Welcome to Lobsteropolis District of Lobster Land is the welcome notice that greets netizens upon entering Lobsteropolis city. Existing within the blockchain-based virtual world Decentraland, Lobsteropolis is a digital-only city based on British contemporary artist Philip Colberts Lobster Universe. The ambitious project offers arguably more than a glimpse into the emerging movement at the intersection of art and blockchain technology, more specifically, open-world spaces […]

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Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers

Payments giant NCR and New York Digital Investment Group (NYDIG) are collaborating to allow 650 U.S.banks to offer bitcoin trading to their 24 million customers through their mobile applications. 24 Million Customers of 650 Main Street Banks May Soon Have Access to Bitcoin Trading New York Digital Investment Group (NYDIG) said Wednesday that 650 banks and credit unions in the U.S. will soon be able to offer bitcoin trading to their customers through their mobile applications. The bitcoin option is made possible through a collaboration between NYDIG […]

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650 Community Banks Can Now Offer Bitcoin Purchases Through NCR, NYDIG Partnership

650 U.S. community banks and credit unions serving some 24 million users will be able to offer the ability to buy, sell and hold bitcoin. Enterprise payments firm NCR has partnered with institutional bitcoin solutions provider NYDIG to allow 650 U.S. banks and credit unions to potentially offer bitcoin purchasing services to an estimated 24 million total end users, reported Forbes. “We’re firm believers in the benefits of crypto and the strategic application,” the NCR president of digital banking, Douglas Brown, told Forbes. “And that’s true for […]

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Bitcoin’s evolving narratives make it antifragile

Bitcoin itself has seen very little change over time — what has changed is the dominant perception of it. Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to quickly change to confront new criticism. We have seen this over the years. For example, Bitcoin used to be frequently assailed by the media for its volatility — many articles pushed the notion that Bitcoin was too volatile to ever succeed as a currency. […]

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Former Mastercard exec to lead Ripple’s European Expansion

Sendi Young has over 15 years of fintech experience and has previously worked at prominent payments firms. The Ripple and XRP community has been long-betting on mainstream adoption growth rather than its market price. In this continued effort, Ripple has announced the appointment of Sendi Young as managing director of its European operations.  Strengthening Ripple’s vision to rule the cross-border payments landscape, Sendi brings over 15 years of fintech experience to “oversee strategy and champion the expansion of Ripple’s global financial network technology, RippleNet.”  Most recently Young […]

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