Both co-founders of an alleged Ponzi scheme called Zima Digital Assets have pleaded not guilty to operating a $9 million cryptocurrency investment fraud. Zachary Salter, the co-founder of Zima Digital Assets alongside 28-year-old John Caruso, has pleaded not guilty to charges of money laundering and conspiracy to commit wire fraud in his arraignment in Arizona […]
Continue Reading
The newest financial tech can be backed by one of the most ancient and important precious metals. Is it a step forward or a step back? Gold has been regarded as an eternal value since times immemorial. This shiny metal still acts as a store of value — especially in countries like India. Due to […]
Continue Reading
Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid. A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is […]
Continue Reading
Major decentralized finance player MakerDAO has partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin. Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its Dai (DAI) decentralized stablecoin. According to an announcement on Mar. 3, the partnership makes it […]
Continue Reading
None of the 17 ongoing global CBDC projects goes beyond the central bank’s jurisdiction, according to BIS research. Cross-border payments do not appear to be a priority as countries all over the world to engage with their own digital currency projects, a new report says. While global governments are competing to become the first country […]
Continue Reading
The Bank of England’s deputy governor has warned that stablecoin adoption could have profound implications for the money creation of national economies. Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank […]
Continue Reading
Kraken donated 17.5 Bitcoin to San Francisco’s anarchist hackerspace Noisebridge to keep the space running. On Feb. 27 Noisebridge advocate and attendee John Backus woke up to see that approximately 17.513 Bitcoin (BTC) – equivalent to about $156,000 at the time – had been deposited into Noisebridge’s cryptocurrency wallet. The unexpected deposit came from U.S. […]
Continue Reading
Is Bitcoin a currency, money, digital gold? Industry participants have differing opinions on what BTC is as the halving approaches. As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is […]
Continue Reading
Brazil’s PIX will cut out payment intermediaries, enabling peer-to-peer and business-to-business transactions in seconds. The Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of blockchain’s core attributes. Money transfers have historically been slow, cumbersome and […]
Continue Reading
The encryption process generates cryptographic keys that are used to lock (encrypt) and unlock (decrypt) data. There are two forms of encryption keys: symmetric and asymmetric. Key management providers, examples While many exchanges or custodians still operate a multisig cold wallet approach, there are now several key management providers on the market. Unbound Tech is […]
Continue Reading