News

In the developing digital economy, institutional solutions to cryptocurrency investment continue to rise. On Aug. 22, Blocktrade Technology and Valens Bank confirmed a partnership that will give banking clients access to crypto fund trading. The Growing Prevalence of Crypto Funds Artificial intelligence-based trading software company Blocktrade Technology Ltd. has partnered with Valens Bank to enable crypto fund […]

Alipay, the biggest payment application in China valued at $150 billion,  officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. The announcement of Alipay shared by Red Li, a cryptocurrency researcher and the co-founder of Chinese cryptocurrency community 8BTC, explicitly stated that users of Alipay are not […]

While the broader cryptocurrency community awaited the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin Exchange Traded Funds (ETFs), the watchdog rejected all nine applications made by three different players in one sweeping move on Aug. 22. SEC’s Clean Sweep While two separate disapprovals came earlier than expected–they were due in September–the ProShares decision […]

Diar, a group of researchers that publish weekly reports on the cryptocurrency sector, earlier this week revealed that the volatility of Bitcoin has declined to a 14-month low. Since early August–after experiencing a steep drop from the higher end of the $8,000 region to $5,850–the price of Bitcoin has been relatively stable in mid-$6,000 range. […]

Cryptocurrency payments provider Wirex has received an operating license from the U.K.’s Financial Conduct Authority (FCA). Wirex Receives Third FCA License The development marks the third license awarded to a cryptocurrency business. Trading behemoth Coinbase and crypto-startup Circle were also awardees of the approval. We are more than proud to announce that Wirex Limited is only […]

Yesterday, nine Bitcoin ETF rejections were issued by the U.S. Securities and Exchange Commission. In a possible change of heart, the SEC has placed the Bitcoin ETF denials under review. Bitcoin ETFs Still on the Horizon The U.S. Securities and Exchange Commission (SEC) is currently reviewing its disapproval of nine Bitcoin ETF proposals by ProShares, […]

Canada’s National Research Council has launched a new Ethereum blockchain explorer for public use, according to a press release. Canada’s Move Toward Transparency The development is one of the world’s first instances of a country building an explorer platform, and the new blockchain explorer will be used to provide the public transparency to government frameworks, specific […]

Despite a nationwide crackdown on cryptocurrencies already in place, the Chinese government went one step further and passed a decree forbidding all crypto-related events in Beijing’s financial district. No More Crypto Events According to local news outlet South China Morning Post, authorities banned all hotels, malls, office buildings and other commercial properties from hosting “cryptocurrency talks […]

The central Bank of Thailand (BoT) revealed on Wednesday plans to introduce a state-issued cryptocurrency on R3’s Corda blockchain. The move signifies the first such development in the South East Asian region. Thailand’s Hopes for Economic Boost As per details of a press release, BoT referred to the protocol as a “wholesale” Central Bank Digital […]

After a referendum was launched to demote Dash CEO Ryan Taylor due to missed deadlines, one disgruntled Dash community member put the privacy coin’s decentralized governance model to the test. Submitted Aug. 6 by user SavingPrivateDash, the proposal suggests that Taylor should be bumped down to an advisory role and that human resources should appoint […]