As reported by Ethereum World News, last week leading Bitcoin derivatives exchange BitMEX revealed that it launched a new “Ripple USD (XRP) quanto swap,” which is similar to the exchange’s famous BTC (XBT) swap, allowing investors to trade the altcoin as high leverage. Due to the popularity of BitMEX, traders were...
Over the past day, Bitcoin and the rest of the cryptocurrency market have mounted a recovery. Naturally, the price of XRP has risen with the market leader and its ilk. As of the time of this article’s writing, the price of the third-largest cryptocurrency and second-largest altcoin by market capitalization...
In summary: South Korea’s financial regulators passed new legislation governing Bitcoin (BTC) and crypto trading in the country Commercial Court of Nanterre, France, ruled that Bitcoin is a legal form of money India’s Supreme Court overturned the Crypto ban by the Reserve Bank of India that was issued in 2018...
In brief: Bitcoin has failed to rally as the Dow and S&P 500 keep dipping amidst fears of the global economic impact of the Coronavirus. Bitcoin has never been tested by a full-blown recession. It was launched after the 2008 financial crisis. BTC’s biggest test will be the forecasted recession...
In summary: The Compound (COMP) token has been listed on Coinbase and Binance in quick succession. The popularity and rise of the COMP token and Compound Finance have turned the spotlight to the DeFi industry. As a result, Poloniex has listed more DeFi tokens. Weiss Ratings believes DeFi is revolutionary...
In summary: Elon Musk has Tweeted a meme implying that a Dogecoin Standard is inevitable and DOGE will take over the global financial system. Musk’s tweet has resulted in DogeCoin (DOGE) gaining by over 20%. Elon Musk has been awarded the title of the unofficial CEO of DogeCoin due to...
The Dallas Mavericks organization is the single largest Dogecoin (DOGE) merchant in the world The Mavs sales in Dogecoin (DOGE) have increased by 550% in one month The basketball team has made over 122k sales in DOGE Mark Cuban has vehemently stated that they will never sell a single DOGE...
Russia’s exclusion from the SWIFT network has resulted in the devastation of its economy. One of its largest banks, Sberbank, is reportedly nearing failure as it sees heavy deposit outflows. Cryptocurrency usage in Ukraine and Russia is rapidly spiking as citizens attempt to skirt around the economic chaos. Russia’s ongoing...
Following the acquisition of an unidentified fintech company, major cryptocurrency exchange FTX has reached another landmark in its global expansion as the platform officially sets up shop in Australia. The news comes on the heels of an announcement from Australian authorities regarding a Digital Services Act geared towards regulating crypto...
Strike’s CEO Jack Mallers announced a new partnership with Shopify, Blackhawk, and NCR The partnership will enable US Shopify merchants to receive Bitcoin funds in an instant via the lightning network. Strike’s CEO Jack Mallers is all set to integrate Shopify with Strike, enabling the company to facilitate fast-speed Bitcoin...
Tesla CEO Elon Musk will not be joining the Twitter board of directors Twitter’s CEO Parag Agrawal shared the news of Musk not joining the Twitter board, stating that his input will always be considered whether he is on the board or not. Twitter’s CEO Parag Agrawal announced today that...
Leading crypto financial service provider Blockchain.com is mulling an IPO listing later this year, according to Bloomberg The Miami-based crypto company is currently valued at $14 billion. Leading cryptocurrency exchange and wallet service provider Blockchain.com is contemplating a public listing this year, according to a recent Bloomberg report. Blockchain.Com Mulls...
