Following the ban of crypto purchases with credit card, Argentina’s P2P Bitcoin trading volume reaches an all-time high. Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past […]
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The number of Bitcoin ATMs installed worldwide has reached a new milestone. Coincidentally, regulators start looking to apply more scrutiny. Earlier this week, the number of Bitcoin (BTC) ATMs installed worldwide reached a new milestone, surpassing 6,000. Coincidentally, another major development just a day before occurred within the same area: The United States Internal Revenue […]
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With Facebook and Google establishing themselves more firmly into the financial industry, what is the future like for crypto? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a […]
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Data from SEC filings show 10 million shares go for $9 each, in an offering less than a quarter of its planned size prior to Credit Suisse pulling out. Bitcoin (BTC) mining giant Canaan Creative has raised $90 million in its initial public offering (IPO) — over 75% less than expected. According to Bloomberg, which […]
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Cryptocurrency and blockchain firms are well-represented among a recent KPMG ranking of fintech firms. On Nov. 18, Big Four auditing firm KPMG released its 2019 Fintech100 ranking, which lists the top 100 fintech firms in the world. The list saw a drop in Bitcoin-related companies but reinforced innovation in the payments industry. As was the […]
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Another FAANG company has its sights on financial services — this time it’s Google, as Forbes has reported, polemically claiming this could “kill Bitcoin.” Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the […]
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Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination. Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with Cointelegraph. Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in […]
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Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world. When thinking of countries that are ahead of the curve in crypto adoption, Turkey might not be the first place that springs to mind. However, Statistica’s Global Consumer Survey for 2019 shows that a fifth Turkish residents are […]
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FinCEN Director Kenneth Blanco said that Anti-Money Laundering laws will be strictly enforced in the world of crypto. The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Anti-Money Laundering (AML) laws will be strictly enforced in the world of cryptocurrencies. On Nov. 15, Reuters reported that Blanco made it crystal clear […]
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Hong Kong rolls out a new framework for crypto exchanges, which could establish an important precedent for the local market. On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement, […]
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