Whilst it was widely speculated that France was putting a ban on anonymous cryptocurrency transactions and tightening KYC requirements, the country’s officials have stepped forward to clarify what they will be doing. On this note, the country has said it has no desire to curb innovation. In an ordinance
Russian President, Vladimir Putin, has signed a decree mandating all Russian officials to disclose their crypto holdings by June 30, 2021. According to the decree that was officially released on Thursday, officials will be required to disclose data such as the name of the digital asset they are holding, its
Massachusetts Mutual Life Insurance Co, MassMutual, has become one of the latest institutional investors scrambling for the digital gold – Bitcoin. The company made a purchase of $100 million in Bitcoin, another confirmation of mainstream acceptance for Bitcoin. The newly acquired digital assets will form part of the company’s general
Binance has always brought exciting opportunities to win for its users and other people interested in cryptocurrencies. Recently, again it announced one such giveaway on the occasion of Christmas. It is a fun program that was published by Binance on its Twitter handle, ‘Binance.’ According to Binance, people have to
With each passing day, cryptocurrencies are gaining more popularity. The reports also suggest that investors are now pulling their money from gold to put it in crypto. To support these investors and let them borrow some loans by keeping their crypto assets as collateral, Binance has a loan program. Binance,
Binance, one of the most prominent crypto exchange platforms globally, has now enabled its Ghana users to utilize Mobile Money for peer-to-peer (P2P) trading. The aim here is to make P2P trading more convenient for people as Mobile Money is the country’s leading payment service. Plus, Binance has kept
Binance Charity Foundation (BCF), a non-profit foundation, recently announced that it is going to partner with IoTeX, a scalable blockchain solution that powers IoT. Under this partnership, BCF will use the IoTeX Network to host a delegate node. Stakers can vote for the node, and the staking rewards will directly
Following a successful IPO round, 3iQ’s Ethereum ETF has become the world’s first Ethereum-based fund to debut on a major stock exchange. The ETF was made available to stock traders and investors on the Toronto Stock Exchange (TSX) on Thursday. The Ether Fund with ticker QETH.U opened
With the rapid expansion of cryptocurrencies, the necessity for a high-quality trusting trading platform grows avidly. This increase creates a profoundly competitive climate that is getting difficult to surpass. Indeed, some existing crypto trading platforms reach considerable traffic, but others struggle to remain alive. One of the trading platforms that
The idea of Ethereum becoming bigger than Bitcoin is not entirely new. In late 2017, several fans of Ethereum dubbed it the “Bitcoin killer”. Surprisingly, Bitcoin has somehow managed to maintain its market dominance since its inception. As of press time, the legacy digital asset still maintained over 60% market
JPMorgan, one of the global leaders in financial services, has confirmed the use of its JPMCoin to execute a blockchain-based repo transaction. The announcement is coming two months after the banking giant launched its blockchain coin “Onyx.” The move to use a digital asset in a repo transaction signals a
It appears a lot of Singaporean companies are taking a pro-stance on Bitcoin and digital assets in general. Earlier this month, the government of Singapore supported blockchain development with an investment of $9 million. Today, Singapore’s largest bank, DBS, has launched its cryptocurrency exchange division known as DBS Digital
More than ever, digital assets are posing a significant threat to major currencies, particularly, the United States dollar. According to Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, rising global distrust in traditional currencies, could fuel the growth of digital assets. Sharma believes that the dollar’s reign
Whilst there are mixed reactions concerning the direction Bitcoin will go after testing $19k, a new report claims that the digital asset still has some steam left. According to the report from Asian crypto fund provider Stack Funds, time is running out on customers as BTC could rise past $20,
For time immemorial, gold has remained one of the best stores of value. However, a financial analyst with JPMorgan Chase believes that this may change in the future. According to Nikolaos Panigirtzoglou, a research analyst and managing director at JPMorgan, gold will take the backseat as an alternative hedge asset
News
Following months of comments on the risk posed by digital assets, the French Ministry of Finance has finally unveiled new know-your-customer (KYC) requirements for crypto transactions. In a new document released on December 9 by Minister Bruno Le Maire, virtual asset providers in the country will now be required to