Cryptocurrency Analysis and News Portal
A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments.Doubling down on regulationsOn Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task
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A pending report issued by the G7 committee moves to warn stakeholder’s about the serious security flaws exhibited by Facebook’s Libra which is pegged to real world assets such as government holdings and national fiat currencies.The BBC reports a draft of the report that reprimands digital currencies’ issuers in harsh
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Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says.According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid
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Sunday, Oct. 13 — Bitcoin (BTC) continues to bounce around the $8,400 price mark, while most of the top-20 coins by market capitalization report slight gains.Market visualization. Source: Coin360Cryptocurrency markets are seeing mild gains, generally within a tight range of 1–2%. Binance Coin (BNB), the number eight coin by market
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Nearly 7% of Bitcoin’s (BTC) total circulating supply resides in the wallets of eight major digital asset exchanges, according to The Token Analyst.On October 8, the Token Analyst noted via Twitter that throughout Bitcoin’s history, the amount of the most widely-used crypto assets stored on exchange wallets has been increasing
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The Financial Conduct Authority (FCA), the United Kingdom’s primary financial regulator, has seen a 74% rise in crypto-related investigations in 2019 so far.A local law firm reveals the dataAccording to London-based law firm Pinsent Masons’ data, the number of the FCA’s investigations into cryptocurrency businesses has surged from 50
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Cryptocurrency exchange Coinbase is said to be in talks to acquire the human assets of Omni, a Ripple-backed rental and storage firm. According to a report from TechCrunch this weekend, Coinbase may grab Omni’s engineering team to further develop
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Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised.The breach allowed hackers to gain access to Yabo-managed Algo hot wallet, a source familiar with the
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The Chamber of Digital Commerce Canada has released a comprehensive report, developed by the Don Tapscott’s Blockchain Research Institute found that the average annual blockchain salary in Canada is more than $98,000, nearly double the average Canadian salary making this among the highest-paid sectors in the country, on par with
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Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020.SDX security tokenThe not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk
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