Bitcoin lost more than 70% of its value on a year-on-year basis, when in December, 2017, it was trading for almost $20,000 per coin. The current price of the “people’s currency” is around $3,600. And while the price seems to be plunging even further, there are some notable events that caused the huge volatility. According…
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Back in early 2018, the Wall Street Journal reported that the United States alone will be spending around 20% of its GDP on healthcare. The rising costs of healthcare and the need for constant technological improvement in the medical arena are undeniably allowing blockchain to disrupt the healthcare industry. The most recent example comes from…
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Brussels has served an obvious final proposal to Switzerland on exchange, cautioning that its stock trades will be cut off from EU dealers unless the country starts to support another system for relations with the coalition on Friday. If Switzerland wishes to continue operating on the EU trading market, it needs to gather all seven-member…
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XRP is said to become the best blockchain investment for the upcoming two years. A recent report published by InvestingHaven shows that Ripple, as an investment opportunity, presents the strongest case for being the token with the best return among other alternative blockchain projects. One of the reasons is that Ripple, while not a decentralized…
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Cyprus financial regulator CySEC just announced that it became a member of the Mediterranean Partnership of Securities Regulators. The partnership aims to improve the cooperation between its members, which also include the Securities Regulators of Cyprus, Greece, Italy, Spain, Portugal, Algeria, Egypt, Morocco, Tunisia and Turkey. Several weeks ago, CySEC has issued an impersonators scam warning,…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm James Hambros. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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The recent meltdown in cryptocurrency valuations has been all encompassing. No programs, except for perhaps stable coins that are pegged to fixed asset values, have been immune. Bitcoin, the leader of the pack, has been hit hard, losing some 80% of its value from last year’s peak just below $20,000. The carnage, however, has been…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Digital Gold Xchange Limited. Digital Gold Xchange Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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While the major focus of the cryptocurrency community and investors is focused on the falling price of Bitcoin, the “people’s currency” may be getting a major upgrade when it comes to its speed. One of the biggest limitations of the underlying technology of Bitcoin is the relatively slow speed of the protocol. One of the…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of November 2018. The average daily traded volume submitted to CLS was USD1.68 trillion down 1.7 percent from USD1.71 trillion in October 2018. Average daily traded volume submitted to CLS by…
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