Estonian crypto exchange BitBay has now been offline for eighteen hours now, sparking concern among users. Estonia-based cryptocurrency BitBay has been offline for 18 hours now, citing problems caused by a third-party service provider. On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange […]
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Ripple will allocate funds to non-profit organizations in favor of fighting the coronavirus pandemic. Ripple Labs announced a donation of $200,000 to two different non-profit organizations on March 25. These donations will aid in the fight to contain the spread of the coronavirus throughout the U.S. In a tweet published on Ripple’s official profile, the lab […]
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Brazil’s banking chief argues that crypto is a failure as a currency — but in neighbouring Venezuela it has already ‘changed the destiny of an entire country’. The President of the Brazilian Banking Federation, Murilo Portugal, has argued that cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact […]
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Leaders from different corners of the crypto industry react to the sudden prospect of a digital dollar, highlighting both promise and peril for users. COVID-19 has wreaked havoc on the global economy. As legislators in the United States go back and forth on how best to distribute aid, the conversation has amplified the potential role […]
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The WFE’s Head of Regulatory affairs provides further clarity on what makes crypto a commodity versus a security. Are cryptocurrencies securities or commodities? The World Federation of Exchanges, or WFE, released a document talking cryptocurrency terminology and regulation last week. In conversation with Cointelegraph, WFE Head of Regulatory Affairs, Richard Metcalfe, has added further clarity […]
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Cryptocurrency is an alternative to sovereign currencies that are issued by state governments, but national digital currencies are not so far away from being launched. Over 30 years ago, in a January 1988 cover story emblazoned with a phoenix hovering over a paper-money inferno, The Economist offered this semi-prophetic vision of currency: “Thirty years from […]
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Lukka’s co-CEO and head of tax and regulatory affairs speaks on crypto taxation, & recent gov proposals for a ‘digital dollar.’ Cryptocurrency accounting company, Lukka, has announced the launch of the Lukka Library — an interactive collection of academic papers addressing legal, accounting, and tax questions pertaining to crypto assets. On March 26, Cointelegraph spoke […]
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Binance to release crypto balance debit card in April with an initial testing phase in Malaysia and worldwide launch to follow. Binance enters the crypto debit card sector with news of an official Binance Card on March 26. Issued by Visa, the card will initially be available in South East Asia, though other regions will […]
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Coinbase Wallet integrates support for DeFi protocols Compound and dYdX allowing users to lend crypto. Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. […]
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A breakdown of seven hardware wallet devices to help choose the one that fits every need. A hardware wallet may just be the safest way to store cryptocurrency for average users. Nowadays, many different devices are trying to tackle the challenges of secure crypto asset storage. In this article, Cointelegraph will review some of the […]
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