The city of Compton, in Southern California, is the latest to experiment with what is essentially a Universal Basic Income program. The program, called the “Compton Pledge” will give 800 of its residents free money every month with no requirements whatsoever. While many nations have social assistance programs, they generally
The CEO of Ripple, Brad Garlinghouse, recently told media that the company is considering a relocation to Japan. Other execs from the company previously mentioned Singapore as a possible place for a relocation. Ripple has been doing well in Japan, and has numerous connections within the Japanese banking market. Garlinghouse
The CEO of Binance, Changpeng Zhao, has commented on the threat the Central Bank Digital Currencies (CBDCs) may pose to Bitcoin. Zhao told media that while CBDCs may help digital assets to gain credibility with a wider audience, they may also damage the appeal of popular decentralized currencies. The CEO
Tether, the USD-linked stablecoin, is being created at a rapid pace as Bitcoin prices surge through the $13,000 mark. Data shows that over the last 48 hours, nearly 500 million new USDT tokens have been created. Most of these new tokens have been sent to exchanges, with Binance receiving
LGO, a European-based crypto exchange will be merging with Voyager, which is a publicly traded broker. The merger will allow Voyager to enter the European markets, at least according to the CEO of Voyager. LGO will wrap up its institutional exchange business, and transfer all remaining assets to Voyager. The
r/Bitcoin, the most popular Bitcoin community on Reddit, now has more members than r/sex. The popular Bitcoin Reddit is also larger than r/Design, r/DeepIntoYouTube, and r/JusticeServed. It is the 198th most popular community on Reddit. R/Bitcoin has been growing steadily since Bitcoin's
BlockShow, one of the biggest blockchain event companies in the world, will be working with Singapore's Central Bank, called the Monetary Authority of Singapore (MAS), on the annual Singapore FinTech Festival (SFF) 2020. BlockShow will act as a 'Knowledge Partner' to the MAS, and will bring
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The value of the average Bitcoin transaction has risen by at least 500% since July of this year. According to BitInfoCharts, which is a crypto market research firm, October 20 recorded the higest average daily Bitcoin transaction value so far this year, at $151,000. This is much higher than
Many OKEx users are taking to social media to express their feelings about withdrawals at exchange being suspended for nearly a week. The situation began on October 16, when OKEx announced that some of the top people at the company were under investigation by the Chinese police. OKEx began life
According to research from the World Gold Council, cryptos are now the fifth most popular kind of investment in Russia. The top four are savings accounts, foreign currencies, real estate, and life insurance, in that order. The research is based on responses from 2,023 investors, all of whom made
UN sanctions on Iran recently expired, which allows the nation to both buy and sell many kinds of arms. The Iranian government hasn't announced any large scale arms purchases, however, it is planning on selling arms to nations that want to stand up to the USA. Iranian Brigadier
The Cordite Society has launched XDC, which is the first native token for the Corda Blockchain. XDC is a token that allows people or companies to buy and sell over the Corda Blockchain, such as contracts, invoices, securities, and other goods and services. XDC can also be used for DeFi
Data from Skew, a crypto market research firm, shows that Bitcoin's realized volatility above $10,000 has never been as low as it is right now. The research shows that Bitcoin's realized volatility is now close to 10%, which has never happened at current price levels.
Major holders of Ethereum are taking their tokens out of exchanges and putting them into private wallets at a rapid pace. This movement out of exchanges is happening at a time when Ethereum prices are relatively high, at least on a post-2018 basis. Leading crypto research firm Santiment has confirmed
The United States Financial Crimes Enforcement Network, or FinCEN, has just hit Larry Dean Harmon with $60 million in civil penalties for operating an unregestered Money Service Businesses (MSB). FinCEN alleges that Harmon was behind the Lightning Network Wallet Dropbit, as well as Bitcoin tumblers Coin Ninja and Helix. FinCEN
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Protocol Labs' Filecoin platform has effectively been brought to a halt do to insufficient mining resources. The architecture that Filecoin uses requires that miners stake a substantial number of FIL, or Filecoin tokens in order to build blocks, however, as the project is new, there are very few FIL