Tagged: Crypto Transactions

May 27, 2021 @ 9:47 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has published a report, titled The Crypto Maturity Model: How Traditional Finance Can Adopt Cryptocurrency in Stages. Chainalysis notes that during the past year, cryptocurrency has become a “more mainstream” asset class, with an inflow of institutional money driving Bitcoin (BTC)… Read More

May 24, 2021 @ 10:01 pm By Omar Faridi  |  

The Central Bank of Kuwait has issued a statement on crypto assets and their risks. Kuwait‘s reserve bank says that it aims to enhance financial awareness and intends to encourage the Kuwaiti banking sector to adopt socially responsible business practices. The Central Bank of Kuwait… Read More

May 10, 2021 @ 7:03 am By Omar Faridi  |  

Suterusu, the first layer-2 privacy protection protocol that doesn’t need a trusted setup, has reportedly received a strategic investment from Dialectic. Dialectic’s management noted that they’ve been quite impressed by Suterusu’s ability to adapt and evolve the protocol “very quickly.” As a multi-chain “Maximalist,” Dialectic… Read More

May 8, 2021 @ 2:04 pm By Omar Faridi  |  

Aventus Network, a layer-2 blockchain or distributed ledger tech (DLT) protocol that aims to provide scalability, speed and lower costs to Ethereum (ETH) transactions, has introduced its community governance platform, offering Aventus Token (AVT) holders with complete control over “major decisions” regarding the network and… Read More

May 2, 2021 @ 7:27 pm By Omar Faridi  |  

China’s virtual yuan has been in development for the past 7 years (since 2014). Recently, Chinese officials had noted that Bitcoin (BTC) was not really a currency but they do think it’s a form of investment. Regulators in China are also eager to explore the… Read More

May 2, 2021 @ 4:44 pm By Omar Faridi  |  

Turkey has reportedly decided to add digital currency trading platforms to its list of companies that will come under the nation’s anti-money laundering (AML) and terrorism financing regulations. This, according to a presidential decree that was released on Saturday (May 1, 2021). The Official Gazette… Read More

April 18, 2021 @ 11:00 pm By Omar Faridi  |  

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More

March 18, 2021 @ 10:55 pm By Omar Faridi  |  

Miami-headquartered JAG Insurance has reportedly issued its very first policy using cryptocurrency. JAG Insurance Group, which is well-known for being a digital tech pioneer and challenging the standards of the insurance industry, has decided to take its first steps into the crypto-asset space by issuing… Read More

March 16, 2021 @ 9:36 pm By Omar Faridi  |  

The team at Aventus Network, a layer-2 blockchain protocol that aims to bring scalability, lower costs and speed to Ethereum or ETH-powered transactions, recently explained why they think block explorers (where you can see all crypto transactions) are “the key” to creating a more transparent… Read More

March 15, 2021 @ 5:26 pm By Omar Faridi  |  

Cardano (ADA), a major blockchain platform for building decentralized applications or dApps, has introduced an extended UTXO accounting model that’s developed specifically to support multi-assets and smart contracts. Cardano developers recently provided an overview of the Extended UTXO model that’s being employed by Cardano. The… Read More

March 14, 2021 @ 12:57 pm By Omar Faridi  |  

Crypto exchange OKCoin confirms that they recently became one of the first digital asset trading platforms to implement the Lightning Network (LN), which is a layer-two scaling solution enabling the faster and more efficient transfer of BTC. OKCoin has awarded a new grant to Bitcoin… Read More

February 21, 2021 @ 3:15 pm By Omar Faridi  |  

Leading crypto exchange Binance has published it Month 43 (since launching operations) report. The report from Binance includes comments on the recent Binance Coin (BNB) price action and the Binance Smart Chain (BSC), which is being more widely-adopted in the crypto space. The digital asset… Read More

February 12, 2021 @ 5:56 pm By Omar Faridi  |  

A Nigerian crypto trader is claiming that they sold off all their coins (crypto-assets) following the government’s directives regarding cryptocurrencies. The trader also noted that they’ve now withdrawn all their proceeds, but they haven’t “seen a dime” in their bank account and it’s been more… Read More

December 24, 2020 @ 4:08 pm By Omar Faridi  |  

This past Friday, the US Department of the Treasury published a Notice of Proposed Rulemaking (NPRM) to the Federal Register that may require financial institutions and cryptocurrency-related firms to submit updated reports, maintain records, and accurately verify the identity of customers in relation to transfers… Read More

November 26, 2020 @ 8:53 am By Omar Faridi  |  

Chainalysis, a leading blockchain research firm, says that the best way to assess or determine the risk of a virtual currency address or group of associated addresses (e.g., like a wallet) is to analyze all the other addresses with which it has conducted transactions. According… Read More

November 6, 2020 @ 7:21 am By Omar Faridi  |  

Square (NYSE:SQ), a popular payments platform, confirmed on November 5, 2020, that it had sold around $1.63 billion in Bitcoin (BTC) via its widely-used Cash App during Q3 2020. Square’s management reported gross profits of about $32 million from Bitcoin transactions (for the third quarter… Read More

October 26, 2020 @ 10:49 pm By Omar Faridi  |  

SignKeys, a Singapore-based digital asset solutions provider, notes that recent positive news for Bitcoin (PayPal adding support for BTC and other cryptos) may have led to a 15% increase in its price (around $13,000 at the time of writing). SignKeys points out that Bitcoin still… Read More

September 23, 2020 @ 11:34 pm By Omar Faridi  |  

The Financial Action Task Force (FATF) recently published a document for regulatory authorities and enforcement agencies. The FATF listed several different “red flags” in cryptocurrency transfers and service user profiles that may indicate that the entities involved in the transactions are engaging in money laundering,… Read More

August 5, 2020 @ 7:30 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) reported on August 4, 2020, that it generated $875 million in Bitcoin (BTC) related revenue through the company’s popular Cash App service during Q2 2020. Overall, Square reported a big beat topping analyst expectations. The jump was driven in part from… Read More

July 28, 2020 @ 11:18 pm By Omar Faridi  |  

Leading blockchain analysis firm, Chainalysis, which recently secured $49 million in capital through a Series B round, announced on July 27, 2020, that it has launched Market Intel, its newly designed website for asset managers and regulatory agencies. The new site may be used to… Read More