Cryptocurrency Analysis and News Portal
The effects of the long liquidations that rocked bitcoin after the digital asset had fallen to $25,000 continue to be felt even now. Bitcoin which has since managed to recover above $30,000 once more remains a prime liquidation target in the market. Even now, a week after the crash that
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Wells Fargo has partnered with HSBC to use its blockchain tools for the settlement of bilateral foreign exchange (FX) transactions.Wells Fargo would use the HSBC-developed FX Everywhere platform for interbank FX transactions. Developed by HSBC in 2018, the blockchain settlement platform is primarily used to settle transactions between banks within
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Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies
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BusinessArgo will pay $6.3 million to cover its outstanding bill, and Celsius will give an unspecified amount of bitcoin to the miner.By Sheldon RebackDec 8, 2021 at 10:26 a.m. UTCUpdated Dec 8, 2021 at 10:26 a.m. UTCCrypto mining machines. (Mark Agnor/Shutterstock) Source
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Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the
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Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, announced that it would offer users the option to settle transactions in Ethereum-based stablecoin USDC, becoming the first major payment
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In brief:The NY Attorney General’s office has settled with Bitfinex and TetherBitfinex and Tether will cease all operations in New YorkThey will also pay an $18.5 million fine alongside other requirements to increase transparencyThe New York Attorney General’s office has reached an $18.5 million settlement with Bitfinex and Tether for
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Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations.According to an enforcement notice published on Feb. 18, BitPay will pay $507,375 on allegations it allowed individuals in sanctioned locations like Ukraine’s Crimea region, Cuba,
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The power struggle within Bitmain’s leadership has finally come to an end as co-founder Micree Zhan regains control over the largest bitcoin miner maker giant. “I have resigned from the CEO and Chairman [positions at] Bitmain as of today,” Bitmain co-founder Jihan Wu said in a statement on Tuesday. “The disagreement
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