Cryptocurrency Analysis and News Portal
An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested in and worked for the scheme.Dunamiscoins Resources Limited opened in Masaka last month and started inviting individuals to invest and become part of its “digital currency network,” independent Ugandan newspaper Daily Monitor reports
Read More
Nordea Bank, a financial institution in Denmark that’s part of the largest financial group in Scandinavia, has been given the go-ahead by a Danish court to continue restricting its employees from owning or trading Bitcoin (BTC). The court says the volatility associated with cryptos justifies the ban, according to a
Read More
Almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges, new research from industry-focused publication The Block reveals.The Block published the research results on Oct. 23, stating that 42% of people at 158 analyzed companies work for digital currency exchanges, with around 7,700 people
Read More
Enterprise Ethereum Alliance (EEA) created a token system to encourage the active contribution of member organizations and their employees to the consortium, as reported by CryptoX on Oct. 8. The tokens are powered by the EEA’s Off-chain Trusted Compute Specification and is said to be trustworthy enough for use
Read More
‘Do business in Real-Time’ The Bank of America has finally announced its RTP payments product is to be rolled out over the next year. The Bank of America has been trialing xCurrent successfully, now they could utilize XRP to allow companies to pay employees instantly. Immediately send and receive payments using the
Read More
The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD).In an Oct. 1 press release shared with CryptoX, the GCO announced the launch of the USDD, a new stablecoin pegged to the U.S. dollar. The organization, which is a new project led
Read More