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U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security.“The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told CryptoX in an interview about the Jan. 23 announcement.Compliance
Read MoreThe changing landscape of the global economy due to the technological progress in the cryptocurrency and blockchain sector is not lost on anybody. As the countries of this world look at ways to embrace this technology without treading on the toes of the well-established financial systems, some of the industry
Read MoreThe blockchain and cryptocurrency are an undeniably clever invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater. The community welcomed new technology and it must never stop. It continues to develop, in fact,
Read MoreMajor cryptocurrency exchange Binance has invested an undisclosed sum in blockchain data monetization startup Numbers.According to a post published on Binance’s official blog on Jan. 21, Numbers aims to create an open, transparent and traceable data sharing, verification and management system. The firm’s open source application reportedly allows individuals
Read MoreThe combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019.Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22,
Read MoreFamous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet for the password.In a tweet on Jan. 22, Schiff explained that he knows the pin of his wallet, but after the app
Read MoreThhe Bank of England released an official notice on January 21st, stating that a group of central banks will assess the possibility of launching central bank digital currencies.The coalition of banks involved in the new cryptocurrency project will include the Bank of Canada, the Bank of England, the Bank of
Read MoreBitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true.Cryptocurrency market daily overview. Source: Coin360BTC returns to $8,400sData from Coin360 and CryptoX Markets showed BTC/USD reach lows of $8,480 overnight on Wednesday. At press time, Bitcoin
Read MoreStablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European Central Bank nourished this viewpoint by stating that the institution should be proactive when it comes to digital assets. On Dec. 12, Christine Lagarde tweeted: “My
Read MoreOver the last 10 years, the Bitcoin ecosystem has attracted developers to dedicate thousands of hours to improve and revamp most of its underlying codebase. Yet, Bitcoin (BTC) is largely the same. The reason for this is that its core set of consensus rules that define its monetary properties,
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