A recent report from data analytics firm, CB Insights, shows that a whopping $2.6 billion has been raised by 129 blockchain-based start-ups in Q1 of 2021. For context, the total amount raised in 2020 by blockchain-based start-ups was a little over $2.3 billion. The report noted that the amount of capital raised in such a […]
The Bank of Japan (BoJ) officially announced that trials for its central bank digital currency (CBDC) are now live. The bank noted that the first phase of its trials should be completed by March 2022. According to a Reuters report, the trial will involve two phases. The BoJ will focus its trial on the technical […]
PayPal and Visa have revealed plans to encourage the use of cryptocurrency on their platform, thereby demonstrating to traditional financial institutions how to handle the infamous volatility that comes with this asset group. PayPal announced that it has a new cryptocurrency utilization service, Checkout with Crypto, which allows customers to make purchases from millions of […]
World-renowned cryptocurrency exchange operator, Coinbase, has recently announced that it will be expanding its operations into India. The company also announced several job openings for its Indian expansion despite indications that the government plans on banning cryptocurrency use. Coinbase noted in its official announcement that: “We’re happy to announce that Coinbase is establishing a business […]
According to the Cryptocurrency Scam Report by Bolster—a fraud prevention company—the boom in cryptocurrency use, coupled with the coronavirus pandemic, made cryptocurrency scams more rampant in 2020. In the study, Bolster analyzed the activities of over 300 million websites and discovered that more than 400,000 cryptocurrency scams were created last year alone. According to the […]
The world’s largest cryptocurrency exchange, Binance, has announced that it will be hiring two former Financial Action Task Force (FATF) members to bolster its compliance and regulatory arm. The latest to the organization are Rick McDonell and Josee Nadeau. The exchange noted in a press release earlier today that it aims to improve its AML […]
The original Bitcoin takes center stage at Sir Anthony Ritossa’s 13th Global Family Office Investment Summit in Dubai as Jimmy Nguyen, founding president of Bitcoin Association, gave a keynote presentation and hosted a panel discussion and other Bitcoin SV proponents and clients presented testaments as to how it can be used in various business platforms. […]
Adamu Lamtek, a senior official at the Central Bank of Nigeria (CBN), has denied claims that the bank restricted the use of cryptocurrencies. Instead, Lamtek noted that the institution’s directive applied to the banking sector only. This statement by Lamtek, who was speaking on behalf of CBN Governor Godwin Emefiele, is coming a month after […]
The USD/CAD traded higher in the European session on Friday but erased its daily gains and fell below the 1.2500 support at the open of the US market, as the fundamental scene remains erratic. The loonie got hit badly on Thursday following a sharp decline in crude oil prices. With the price of crude oil […]
