Search results for: four

The United States of America’s federal system, which splits power between the national and state governments, is both a boon and a bane for the crypto-industry. While crypto-mining might be booming in Texas, crypto-platforms in New York have been coming under increasing regulatory pressure. What exactly happened? In the state of New York, crypto-lending platformsContinue reading “New York’s AG hits Nexo, four others with more regulatory action”

Bitcoin, for long, has been scrutinized for the benefits and risks it poses in terms of economic growth, financial system stability, and the welfare of society. While some call it the biggest financial innovation of the fourth industrial revolution, others believe in simply banning it. Banning crypto? Really? Investor Brock Pierce, in a recent interviewContinue reading “Is Bitcoin as the ‘fourth industrial revolution’ a matter of debate”

In the United States, Bitcoin Exchange-traded fund (ETF) approval has become the latest excuse for placing bets. Investors are betting on market regulators giving a green signal to different ETF applications. Bloomberg summarised it perfectly in a tweet. Well, here’s another analyst giving his prediction. As per this analyst, The odds are high, i.e. theContinue reading “U.S. could have four Bitcoin futures ETFs by the end of this month”

29 of the 66 South Korea-based crypto exchanges had rushed to meet a stipulated regulatory deadline on 24 September. Following this, the market now expects a major consolidation with only ‘big 4’ coin exchanges standing strong. As per local reports, only Upbit, Bithumb, Coinone, and Korbit managed to secure partnerships with local commercial banks underContinue reading “‘Big four’ South Korean crypto exchanges survive despite restrictions”

Bithumb, Coinone, and Korbit, three of South Korea’s most-prominent crypto-exchanges, have finally met the country’s regulatory conditions and reached deals with banks before the 24 September deadline. The same was first revealed by an official from NongHyup Bank. According to the exec, banks have agreed to extend the deal to issue real-name accounts for crypto-tradersContinue reading “South Korea’s ‘big four’ crypto-exchanges secure real-name account deal”

Cryptocurrency users in Turkey have received yet another blow within days after Vebitcoin, the fourth-largest crypto exchange in the country, collapsed. The crypto-exchange today announced that it will be halting operations amid weakening financial conditions. This has prompted the country’s Financial Crimes Investigation Board to block its accounts and open a probe against its executivesContinue reading “Turkey’s fourth-largest crypto-exchange shuts down citing ‘intense transactions’”

It looks like Bitcoin is getting closer to mainstream adoption. Now that even Elon Musk endorsed the popular asset on his Twitter bio, the asset’s price surged by 19% to reach $37,000 during the day. However, in the last hour, at press time, the digital asset fell by 2.6%, which gave many a reason toContinue reading “Bitcoin is in ‘the fourth wave’ of crypto adoption”

Popular American VC firm Andreessen Horowitz, more commonly known as a16z, is in the news today after it filed a response urging FinCEN to withdraw its proposed rule or at the very least, extend the comment period attached to it. The comment period should be extended so that FinCEN “can engage in a meaningful consultationContinue reading “a16z urges FinCEN to withdraw proposed rule citing ‘Fourth Amendment concerns’”

The cryptocurrency ecosystem is exceptionally volatile and the market is highly speculative with regards to price hikes and predictions. The winter of 2018 witnessed a period of extreme bearish outbreak when the total market capitalization of the global virtual currencies fell to $112.1 billion. In comparison, the market was worth $760 billion in early 2018.Continue reading “Bibox Exchange: Four projects to be launched in first phase of Bibox Orbit!”

 Starting with Bitcoin’s release in 2009, cryptocurrency has gone from humble beginnings as a niche technology to the successful currency that it’s become today. We continue to explore new and exciting ways to harness the full power of cryptocurrency and blockchain technology. However, cryptocurrency is still presented with one major challenge: functional usage. Despite itsContinue reading “The four obstacles standing in the way of mainstream cryptocurrency usage”