Cryptocurrency Analysis and News Portal
Bitcoin prices are caught in a downdraft, after a series of rallies in recent weeks that repeatedly fizzled out at the $10,000 mark. “There is no clear understanding where bitcoin will go,” Yuriy Mazur, head of data analytics at cryptocurrency exchange CEX.IO told CryptoX’s Omkar Godbole. “It may either retrace back
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Visa looks to be laying the groundwork for a future in which fiat currencies, like the U.S. dollar, could be easily turned into a central bank digital currency (CBDC).The California-based payments giant, which processes upwards of 100 million transactions every day on average, has filed a patent application for a
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Cryptocurrency exchange Binance is enabling citizens in five further countries to buy cryptocurrency using Visa debit and credit cards with their national fiat currencies.The new service, announced April 10, will extend card support for the Colombian peso, the South Korean won, the Kenyan shilling, the Kazakhstani tenge and Peru’s
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The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs
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Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian sol (PEN).Supported cryptocurrencies include
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Researchers at the Bank for International Settlements (BIS) are grappling with the future of payments – so much so that their newest quarterly report, released Sunday, is entirely dedicated to what that potential revolution holds.In its 138-page look at what lies beyond the financial horizon, the Swiss-based institution reckoned with
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The Bank of England's (BoE) chief cashier, Sarah John, has said it is "crucial" that central banks research digital currencies so they can strike a balance with private issuers. John said it was "really important" BoE and other central banks considered whether digital currencies could form the basis of a
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Binance has added payment support for 15 fiat currencies in a major push to corner local markets. The Malta-based cryptocurrency exchange announced Friday that users can now purchase cryptocurrencies with a longer list of supported fiat currencies through its integration with Israeli fiat payments processor Simplex. The new integration provides
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Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there's much work to do before the technology is ready for mass usage.Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook
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Japan is feeling the pressure of China’s strident moves forward with a digital yuan. According to a Feb. 7 Reuters report, top lawmakers in the country are calling on their government to push for digital currencies to be placed on the G7’s agenda this year.Akira Amari — former economy minister
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