As Bitcoin price recovers from Black Thursday, is the worse behind us? Or is there more pain ahead as the global economy comes to grips with the coronavirus? Bitcoin (BTC) price has started to show strength in its recovery since the black Thursday selloff this past week, but is this something we can expect to […]
Continue ReadingBitcoin’s correlation with S&P 500 is at a 2-year high, which is a bearish sign for the crypto market. Bitcoin’s (BTC) correlation with the S&P 500 is at a 2-year high. This is a bearish sign for the cryptocurrency market. Cryptocurrency market research firm, Santiment, pointed out that the recent market downturn resulted in a […]
Continue ReadingU.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.” In its March earnings call, U.S.-Latin American remittance provider, Intermex, revealed that it will not be using Ripple (XRP)’s technology in its major markets. Intermex chief executive Robert Lisv explained: “So, you won’t really see us leveraging Ripple […]
Continue ReadingAfter successfully raising the money for an advanced pre-triage medical post, the Italian Red Cross will continue accepting Bitcoin donations. The Italian Red Cross is now seeking Bitcoin (BTC) donations to purchase emerging medical equipment after its first-crypto initiative surpassed its goal within three days. On March 12, Italy’s Red Cross launched a BTC fundraising […]
Continue ReadingThe Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency. The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by […]
Continue ReadingTSB Games, the firm behind VR game The Sandbox, announced a partnership with second-layer scaling solution Matic. TSB Games, the firm behind VR game The Sandbox, announced a partnership with second-layer scaling solution Matic. According to a March 19 announcement, Matic will allow the decentralized application (DApp) to carry out faster transactions and create a […]
Continue ReadingMajor investment bank Citigroup announced it has increased its equity stake in Ethereum-based trade finance platform Komgo. U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo […]
Continue ReadingOKEx Director of Financial Markets Lennix Lai explains why crypto is a perfect fit for people who want to earn passive income. First, there were property rents. Then came interests. As modern civilization evolves, people always find new ways to earn money without actually producing, or even doing all that much. This concept is today […]
Continue ReadingWith the implementation of ZIP 1014, Zcash will continue to fund its development with a fee imposed on mining, but the question remains: Did the community have a say? At the end of January, a poll apparently confirmed community support for a new mining reward-distribution structure for the Zcash (ZEC) network, whereby more will flow […]
Continue ReadingInternational Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency. In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and […]
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