Tagged: digital currencies

July 17, 2021 @ 4:26 pm By Omar Faridi  |  

Leading blockchain analysis firm Chainalysis has released an update titled, “Not All Blockchain Analysis Providers Are the Same and Other Insights from FATF’s Second 12-Month Review.” The Financial Action Task Force (FATF) is the inter-governmental entity that’s responsible for establishing international standards relating to anti-money… Read More

July 13, 2021 @ 10:44 pm By Omar Faridi  |  

The Philippine Stock Exchange (PSE) is currently seeking regulatory approval to begin offering cryptocurrency trading, PSE President and CEO Ramon Monzon thinks that the bourse can offer an ideal platform for facilitating digital currency trading because of its robust trading infrastructure and established customer safeguard… Read More

July 12, 2021 @ 7:31 am By Omar Faridi  |  

At a time when reserve banks across the globe are increasingly focusing on their digital currency initiatives, Switzerland’s apparent lack of interest in seriously looking into central bank digital currencies (CBDCs) might make the leading European economy less competitive. This, according to a recent analysis… Read More

July 9, 2021 @ 9:36 am By Omar Faridi  |  

Square Inc (NYSE: SQ) will reportedly be developing a hardware wallet for Bitcoin (BTC), the payments giant revealed on Thursday (July 8, 2021). We’re doing it #Bitcoin https://t.co/IwbKuBoXGv — jack (@jack) July 8, 2021 Square’s announcement came after US Senator Elizabeth Warren cautioned about the… Read More

July 8, 2021 @ 8:02 pm By Omar Faridi  |  

On July 5, 2021, the Financial Action Task Force (FATF) had completed its second 12-month review of the implementation of its updated Standards on virtual assets and virtual asset service providers or VASPs. A review from CipherTrace examines how different jurisdictions and the private sector… Read More

July 7, 2021 @ 5:18 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

July 6, 2021 @ 10:26 pm By Omar Faridi  |  

In the fast-evolving world of cryptocurrencies like Bitcoin and Ethereum, The Pavilions Hotels & Resorts announces that it aims to improve its guest experiences by becoming the first international boutique hotel group to take virtual currency from any country as payment for hotel bookings. The… Read More

July 3, 2021 @ 7:14 pm By Omar Faridi  |  

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers stablecoins and Instadapp. Spencer Noon notes in their weekly update that The Graph recently launched 43 RFPs for different ecosystem initiatives. You may submit an… Read More

July 1, 2021 @ 9:27 pm By Omar Faridi  |  

Chainalysis, the leading blockchain data platform, reveals that it has introduced three subscription options to Market Intel, which is described as a data-driven product that offers key insights into virtual currency markets. Developed on Chainalysis’ “trusted” and proprietary data platform, financial institutions are able to… Read More

July 1, 2021 @ 10:27 am By Omar Faridi  |  

On June 30, 2021, the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes, issued its first… Read More

June 27, 2021 @ 4:16 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet, block explorer, and trading platform provider, recently revealed that they’re now supporting AAVE and YFI (yearn.finance) Interest Accounts at “a current annual interest rate of 8%.” In September of last year, Blockchain.com had announced support for AAVE… Read More

June 17, 2021 @ 4:00 pm By Omar Faridi  |  

Since Bitcoin’s (BTC) launch back in 2009, virtual currency has managed to drive new markets, while spurring advancements in modern financial infrastructure. It has also led to innovative thinking in how to address the global economic requirements, the Chainalysis team writes in a blog post…. Read More

June 9, 2021 @ 10:56 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced on Tuesday (June 8, 2021) the updated “Fintech 2025” strategy for promoting financial tech development in the Special Administrative Region of the People’s Republic of China. Eddie Yue, CEO at HKMA,  has outlined Hong Kong’s new Fintech strategy,… Read More

May 31, 2021 @ 11:27 am By Omar Faridi  |  

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has published a paper that reveals the key findings and conclusions reached after a consultation on a proposed licensing requirement for digital asset trading platforms. Hong Kong‘s government has reportedly proposed certain regulatory changes in order… Read More

May 24, 2021 @ 4:35 pm By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, is up nearly 13% in the past 24 hours. It’s trading at around $37,800 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto by market cap, is up around 30% in the last 24 hours and is trading… Read More

May 23, 2021 @ 11:31 am By Omar Faridi  |  

Representative Mark Green, R-Tenn., recently became one of the first congressmen to profit on Dogecoin’s (DOGE) meteoric rise. Green reportedly made two purchases of DOGE of $1,000 and $15,000 each (as revealed in public disclosure forms). These digital asset investments added to Green’s extensive cryptocurrency… Read More

May 21, 2021 @ 8:25 am By Omar Faridi  |  

Norges Bank has released its Financial Infrastructure Report 2021 and Norges Bank Papers 2/2021, titled “Retail payment services 2020.” Norges Bank notes that there have been significantly fewer disruptions in the Norwegian financial infrastructure during the past few years, and the infrastructure has been working… Read More

May 19, 2021 @ 11:57 pm By Omar Faridi  |  

Bitcoin prices have come tumbling down after Tesla’s Elon Musk announced his decision to stop taking BTC payments for Tesla purchases due to environmental issues. Piplsay Research has delved into people’s opinions about digital currencies, especially given the rising levels of investment and “ever-increasing buzz”… Read More

May 19, 2021 @ 11:47 pm By Omar Faridi  |  

CITCON, the payment gateway provider that offers in-store, online, and mobile payment solutions to over 6,000 brands across the globe, has partnered with Flexa, the “pure-digital” payments network, in order to enable merchants with accepting cryptocurrencies as a payment option. Merchants connected to Citcon will… Read More

May 17, 2021 @ 5:49 pm By Omar Faridi  |  

The Federal Deposit Insurance Corp. (FDIC), which is one of two agencies that offers deposit insurance to depositors in US depository institutions (the other being the National Credit Union Administration, which regulates and insures credit unions based in the US), will reportedly be asking for details… Read More