Pakistan is one of the countries that has not been quite "pro-crypto". Just on the contrary, the country has been quite strict when it comes to the use of cryptocurrencies. For example, some time ago, the central bank of the country warned all financial institutions and banks that the use of virtual currencies is highly…
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Russia is supposedly one of the crypto-embracing countries, ever since Putin announced he is on "board" with the whole cryptocurrency idea. The fact is that he put specific deadlines for the government to come up with specific ideas on the regulation of cryptocurrencies. The set deadline is July 1st, 2019. The regulation needs to be…
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One of the most promising blockchain startups in the United Kingdom, Trustology, has created an iPhone-controlled crypto storage platform. The application is now available to users in the UK market and can be bought in the Apple App Store. The news comes from Finance Magnates. As of now, users who download the app will be…
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The SEC seems to be trying very hard to understand the blockchain, fintech and cryptocurrency world. The agency is preparing to hold a public fintech forum on blockchain in May, 2019. The SEC announced that some of its staff will hold a forum on DLT and digital assets on 31st of May. Some time ago,…
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Bitcoin has built some stamina over the last few weeks, which, although have been quite volatile, the cryptocurrency managed to stabilize its price level at just above $4,000. Currently, Bitcoin is trading at around $4,025. Now, there is an ambitious plan put forward by the CEO of Square and Twitter, Jack Dorsey, who is reportedly…
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Japan is introducing new cryptocurrency margin trading rules, as reported by the Japanese news agency Nikkei on the 18thof March, 2019. The idea is to bring more “order” in the crypto space and all exchanges that fail to follow the new regulations will be closed. The new amendments to the Japanese payment and financial services…
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The topic of crypto mining and its high ecological costs have been on experts' and investors' minds forever. The problem is that mining of cryptocurrencies often involves high electricity costs and even loss of valuable data. How does the mining exactly work? Each miner has to solve a mathematical problem (this happens in the matter…
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IBM (NYSE:IBM) is going full force into blockchain and the new type of banking - one supported by cryptocurrencies. The tech giant is now onboarding six banks to issue stablecoins backed by fiat currency, all delivered through World Wire, which is an IBM payment platform that is built on the Stellar blockchain technology. These six…
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Many know that AlibabaCoin is actually not a product of Alibaba Group China. It is a product of the Dubai-based ABBC Foundation (Alibabacoin Foundation). Upon understanding of the AlibabaCoin’s existence, the Chinese company filed a lawsuit, as the name AlibabaCoin wrongly leads to Alibaba Group. However, the lawsuit may have come out of a different…
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Insiders have spoken out: Binance is set to become the world’s first decentralized platform in the very near future. The speculation comes primarily from Binance Coin investors, who now believe that Binance will migrate the entire company value to its native digital coin; all of this is expected to happen within five years. Binance Coin…
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