However, Acuti found a growing demand from traditional trading firms to enter the market or expand their coverage to trade more cryptocurrencies. Traditional trading firms that had decided not to trade in digital assets, 97% will consider it again in the next two years or less and 45% are planning to do it in six…
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The cryptocurrency industry may be gaining worldwide recognition from top regulators and financial institutions. The global community, represented at WEF 2020, seems to be warming up to the crypto industry and steps are now taken to shape the sector and help it grow. The 2020 World Economic Forum that took place in Davos announced the…
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Although Facebook is going forward with their cryptocurrency project Libra (although it was delayed several times), some of the project's key members have continued to leave. After Mastercard and PayPal withdrew as members of the Libra Association, Vodafone is the latest member to leave Facebook's cryptocurrency project. The news comes directly from The Libra Association…
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Huobi Group announced that it's expanding into brokerage services that target institutional investors in the cryptocurrency sector. The platform called Huobi Brokerage was unveiled during WEF 2020 in Davos. The new business line will become part of the Group's Global Institutional Business (GIB) that Huobi launched last November to monitor its institution-related businesses. The institution…
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Some celebrities do not waste time when it comes to utilizing cryptocurrencies to the maximum. One example is Akon. The singer is reportedly building a city powered by a coin named after himself - Akoin. According to Business Insider, the singer tweeted that he had finalized an agreement to actually build what is called "Akon…
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The infamous failed ICO of Telegram has sparked controversy in the cryptocurrency industry and how the SEC is involved in regulating the sector. As LeapRate recently reported, after the SEC rejected the GRAM crypto and demanded to see how the raised funds were used by the company, Telegram actually hesitated to give such information to…
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The possibility of a full-blown war between Iran and the United States has triggered a cryptocurrency boom in the Middle Eastern country. The details around the "crypto spring" in Iran come from the Nikkei Asian Review. After the January 3rd killings of the Iranian military commander Quasem Soleimani, Bitcoin's price has increased by 4%, realizing…
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China is introducing a Password Law at the very start of 2020 to promote digital currencies and their adoption. The ultimate goal is to allow the technology of blockchain to thrive and set a legal framework for the issue of digital blockchain-based RMB. According to press, China passed a password law in 2019 (October) that…
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The Dash Gold Foundation has announced that it will use the gold SKR (Safe Keeping Receipt) to promote BDSG (Beyond Dashgold) digital currency payment business, online shopping mall and gold sales business, and digital currency ATM business. Gold SKR is issued by BankoSentralng Pilipinas, and the beneficiary is the Dash Gold Foundation. BDSG, a digital…
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Russia is moving forward with testing stablecoins, as The Bank of Russia has started testing these pegged to real assets set in regulatory sandbox. The head of the central bank, Elvira Nabiullina, commented that the bank does not assume that stablecoins will eventually replace money or function as payment means. What the Bank of Russia…
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