2019 saw the adoption of blockchain go through the roof, with many global economies figuring out regulations and announcing their own centrally-backed digital currencies. However, according to former U.S. Federal Reserve Chairman Alan Greenspan, there is no need for a digital currency issued by central banks at all. Greenspan, who attended the Chinese finance magazineContinue reading “Central bank-issued digital currency not required: Former Fed Chairman”

Ripple’s Swell conference coincided with rise in XRP prices. The same was reflected in XRP’s On-Demand Liquidity, as the XRP/MXN corridor on Bitso reported an all-time high of 4,394,659 million XRP, according to Liquidity Index Bot. XRP/MXN liquidity on Bitso ATH for the corridor was first noticed in September, after which the gateway gained momentum andContinue reading “XRP liquidity reaches ATH on Bitso as price ‘Swells’ “

Ripple’s Swell conference 2019 saw participation from almost 159 companies and was kickstarted by Ripple’s CEO, Brad Garlinghouse warming up the audience talking about XRP and Ripple’s ODL service, Libra, J.P.Morgan and of course, China. The first day of the conference saw Raghuram Rajan, the former Governor of Federal Reserve Bank of India and ChiefContinue reading “Ripple Swell 2019: Can XRP be a global currency? IMF’s Rajan answers “

Bitcoin’s market has been closely watched as it impacts most other cryptocurrencies. However, it has also been an important aspect of an economic system where cryptocurrencies have been represented using macroeconomic indicators. Coin Metrics’ new report highlighted the bullish wave Bitcoin is riding, closely followed by Ethereum [ETH]. According to the report, Bitcoin and Bitcoin CashContinue reading “Ethereum’s realized cap declines by 9%; Bitcoin reports ATH”

China’s Central Bank, People’s Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a “horse race” with financial institutions adopting the currency and technology to serve the users with the best system, according to reports. The country’s Digital Currency Electronic PaymentContinue reading “PBoC official on CBDC: Front runner will take the whole market”

Binance has today established itself as the world’s largest cryptocurrency exchange in terms of Market Capitalization, while also diversifying its platform offerings. In order to meet growing market demands, the Malta-based exchange has now added the XRP/ETH pair to its Margin Trading platform. Binance announced the same via a tweet which read, Other pairs ofContinue reading “Binance adds XRP/ETH pair to its Margin Trading list”

BitMEX reported a breach on 1 November at 06:00 UTC, a breach following which its users received an email containing the email addresses of other users in the ‘to’ field. The episode raised a lot of eyebrows in the cryptocurrency community, with many raising questions about the exchange’s concern for users’ privacy. BitMEX has nowContinue reading “BitMEX ‘apologises unreservedly’ for leak of users’ email addresses”

The world is paying heed to blockchain and getting on-board with it, including Microsoft Innovation Center [MIC]. On 4 November, MIC announced a partnership with an open-source blockchain for building DApps, Æternity. The partnership is aimed at supporting the growth of blockchain technology in Malta, the island nation that already hosts OKEx and Binance, twoContinue reading “Microsoft-backed MIC partners with Aeternity to promote blockchain in Malta “

Ripple might be secretly working on a new On-demand Liquidity [ODL] platform in the land down under. XRP/MXN corridor had been picking up the pace and has been reported by various enthusiasts in the community, however, a market observer informed the community about two secret corridors up and running AUD/MXN and AUD/PHP. @hmatejx, on Twitter,Continue reading “Ripple’s ODL ventures into a new market; XRP/MXN indicates increased demand”

The boost in the cryptocurrency market on October 26, took the price of Ethereum [ETH] almost 23%. This rise took the price of the coin from $161.99 to $198.97, however, the ETH market corrected itself immediately, as it fell by 12% in the following hours. The second-largest coin noted a crest and trough movement afterContinue reading “Ethereum’s market bid goodbye to bears as the bulls march in”

Bitcoin had noted tremendous growth in the first half of the year, however, that rise has been deeply impacted by the bearish market. The coin, recently on September 24, fell by a whopping 24% causing its price to slip under $9k and ever since Bitcoin has been struggling hard to make a recovery. At pressContinue reading “Bitcoin market to lay in the Bearish soil for long “

Bitcoin was expected to respond positively to the launch of Bakkt, however, the coin instead fell by 20% and was being valued at $7,714. The coin has been pushing itself up, but the bears keep pulling it back. The dominance of BTC was noted to fall to 66%, which was earlier recorded to be aroundContinue reading “Price Analysis: Bitcoin market bulls ward away the grizzly bears”