A deepening monetary crisis has seen Lebanon’s national currency plummet a further 50% over the last ten days to reach parity with a single satoshi. Lebanon’s national currency continues to shed value amid the country’s deepening monetary crisis, with unofficial reports indicating that the Lebanese pound, or lira, has lost 50% of its purchasing power […]
Continue Reading
Boomers and Gen-X investors have increased their Bitcoin investments by a factor of nine since the start of the global lockdown. The older generations have increased their monthly Bitcoin investments by a factor of nine on U.K crypto trading app Mode since the beginning of the pandemic and lockdowns. Mode Banking reported that Baby Boomers […]
Continue Reading
A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of […]
Continue Reading
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform’s KYC overhaul impacting trade volume on the platform. Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% […]
Continue Reading
Comedian Bill Burr has seen the light after hearing Anthony Pompliano explain the disadvantages of legacy systems. Bitcoin bull Anthony Pompliano has just persuaded Bill Burr, one of the biggest comedians in the world, to invest in cryptocurrency. In a July 1 episode of the Bill Bert Podcast — so named for the comedian and […]
Continue Reading
OKCoin’s COO said a PayPal crypto listing would give the industry vast exposure. Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption. “When a […]
Continue Reading
Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC. Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at “2020 Astana Online Financial Day”. According to the China Ministry of Commerce on July 1, Kazakhstan plans to […]
Continue Reading
A Russian court turned down a request from a victim of a 100 Bitcoin theft seeking restitution, with the court arguing that cryptocurrencies have no legal status. On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin […]
Continue Reading
Crypto businesses keep showing interest in the Indian market by attracting users through products like mobile apps. India’s crypto developers have begun to release new mobile apps, following a positive ruling by the nation’s Supreme Court with regard to blockchain technology. The Court’s decision reversed laws that previously prohibited banks from providing services to crypto […]
Continue Reading
SBI invests $30 million in major crypto liquidity startup soon after revealing Japan’s first digital fund comprising 50% XRP. SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms […]
Continue Reading