Wednesday, September 22, 2021
Home > Transactions

Judge Denies Ripple’s Motion to Have SEC Employees’ Crypto Transactions Disclosed

A New York judge has denied Ripple Labs’ motion to compel the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions.Ripple filed the motion on August 27 requesting information about whether SEC employees had purchased and traded bitcoin, ether and XRP, the cryptocurrency the regulator

Read More

Bitcoin transactions ‘akin to bartering,’ Bank of Mexico governor says

The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock towards full-fledged adoption. Governor Díaz de León said in a Reuters interview that Bitcoin’s position in today’s financial system resembles “a dimension of precious

Read More

El Salvador says merchants must process BTC transactions — or they may face action

In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country’s controversial Bitcoin Law recognizing BTC as legal tender took effect.The legal counsel to the President of El Salvador has stated that businesses

Read More

Ethereum layer-twos reportedly processing more transactions than BTC

Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings.According to CoinMetrics data collated by industry analyst and Week In Ethereum News founder Evan Van

Read More

After passing $1T in crypto transactions, Blockchain.com CFO hints at going public in 2023

Macrina Kgil, chief financial officer of crypto wallet provider and exchange Blockchain.com, said an initial public offering for the platform could happen as early as 2023.In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial public offering in 18 months or more. The company had a

Read More

Bitcoin transactions stay low despite price rally: Data

Despite Bitcoin (BTC) price growing 45% over the past 30 days, cryptocurrency investors are not moving their holdings, according to new data.Blockchain analytics provider Glassnode released its new “The Week On Chain” report on Monday, noting that Bitcoin has continued rallying to new multi-month highs despite divergence in on-chain activity during

Read More

South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations

Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin “has no intrinsic value.” He also said that he did not understand why its value is so high. Taking a Step Back Foreign

Read More

Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar

Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode.The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million has surged twofold since September 2020 — from 30% to

Read More

Newly Discovered Monero (XMR) Glitch Will Negatively Affect Transaction’s Privacy

The developers of Monero (XMR) recently discovered a bug capable of exposing transactions of its users. Even though the team is working to fix it, they have announced that users’ privacy is at risk as long as the bug remains. The Monero team made this announcement through their official Twitter

Read More

Cambodia explores cross-border transactions of CBDC-like Bakong

The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency-like initiative known as Bakong, disclosing several project milestones.NBC’s director-general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June, doubling from three months earlier.

Read More