Category: Blockchain

As Bitcoin (BTC) continues consolidating between the $30k and $40k range for more than two months, the crypto community is waiting with bated breath to see its next move.  Nevertheless, the amount invested by institutions and corporates in the Bitcoin market is a small per cent of their total cash reserve. Market analyst Lark Davis

The Bank of Thailand (BOT) warned against using digital currencies in serving as payments for goods and services in the country. Per a press release shared by the apex financial institution Thursday, Ms Siritida Panomwon Na Ayudhya, Assistant Governor of Payment Systems Policy and Financial Technology Group, said the bank has been monitoring the growing embrace of

Circle, a payment company and stablecoin issuer, has announced plans to go public later this year via a merger with Concord Acquisition Corp, a publicly traded special purpose acquisition corporation (SPAC). The crypto financial services company expects to close the deal in Q4 and value the firm at $4.5 billion. Circle is best known for co-creating

A poll showed that more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country, according to Reuters, citing a survey released Thursday. About 54% of people viewed the bitcoin adoption as “not at all correct”, another 24% described it as “only a little correct.” In comparison, merely less than 20%

Spanish banking giant Santander has blocked payments from its UK customers to Binance crypto exchange, citing the need to protect customers’ funds. Santander unit in the UK sent emails to customers saying: We’ll be stopping payments from Santander accounts to Binance wherever possible.” The email further mentioned the UK’s financial regulator (Financial Conduct Authority)’s recent

More than $1 billion worth of crypto have spent in the first six months this year by consumers globally, Visa announced Wednesday. Attributed to cryptocurrency adoption continues to scale the heights, the payment giant acknowledged that this amount spent on goods and services by using its crypto-linked cards primarily.  Making cryptocurrencies more usable According to Visa’s CFO, Vasant Prabhu

Prosecutor General of the Russian Federation Igor Krasnov said that Russian authorities are preparing legislative amendments to the confiscation of illegal digital assets by law enforcement agencies, according to TASS on July 7. Speaking at the conference in St. Petersburg on Wednesday, Krasnov stated that: “A serious challenge is the criminal use of cryptocurrencies in our

For the last 24 hours, Polkadot (DOT) was down by 3.65% and trading at $15.85, with a trading volume of $1,414,486,745. Its market capitalisation stands at $15,475,251,379, thus ranks it as the 9th largest cryptocurrency. The trading volume demonstrates that DOT is one of the major cryptocurrencies currently doing well in the market.   The

The ongoing price upset in the global cryptocurrency industry is caused partly by the clampdown on Bitcoin mining and all other cryptocurrency-related activities from China. The reduction in the engagement of miners has not only stopped the inflow of computing power into the Bitcoin network stirring a massive drop in the mining hashrate; it has

The plausibility that the United States Congress will boost cryptocurrency regulations on all grounds is not likely, as noted by Timothy Massad, the former CFTC Chairman from 2014 to 2017. Expressing his thoughts on the polarising delay in approving a Bitcoin Exchange Traded Fund (ETF) product by the Securities and Exchange Commission (SEC), Massad said