Paxos, a New York-regulated financial firm and the issuer of Paxos Standard stablecoin, has launched its blockchain-based settlement platform with Credit Suisse and Instinet. Paxos, a New York-regulated financial firm and the issuer of a USD-pegged stablecoin, has launched its blockchain-based settlement platform. After announcing Paxos Settlement Service in late 2019, Paxos Trust Company has…
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After an increase in price of about 170% since the beginning of 2020, there’s no denying that Tezos (XTZ) has been on a roll in the market this year. Today, the cryptoasset, which aims to challenge Ethereum (ETH) as the leading smart contract platform, stood out once again as the only coin in the top…
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Ripple CEO Brad Garlinghouse explained how he talks to bankers to assuage their fear of crypto and get them on board with the new asset class. Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class. During a recent interview with CNN, Garlinghouse…
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Binance founder and CEO Changpeng Zhao suggested that Bitcoin’s price has not yet adapted to the upcoming block reward halving. Changpeng Zhao, the founder and CEO of major crypto exchange Binance, suggested that Bitcoin’s (BTC) price has not yet adapted to the upcoming block reward halving. Zhao suggested that Bitcoin’s price will see more upwards…
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Cardano is ready to begin the first phase of its transition to a decentralized Shelley mainnet, which will introduce the Ouroboros Praos consensus algorithm. The Cardano (ADA) network will perform a scheduled upgrade on Feb. 20 to introduce Ouroboros BFT, an improved consensus mechanism. The update is an intermediate step between the current Byron era…
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The new platform will facilitate payments in up to 10 seconds using QR codes or identification data alongside computers, ATMs, or mobile phones. The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and…
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Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector. Last week, a report claimed that cryptocurrency-based illegal gambling has surged in many parts of Asia owing to the rise of this novel asset class in recent years. In this regard, the…
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The ongoing battle between instant messaging giant Telegram and the U.S. Securities and Exchange Commission (SEC) may just come to its end by the end of April. Meanwhile, the judge stressed the importance of focusing “on economic realities, not on labels.” The two giants met yesterday at a hearing in front of a New York…
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The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin (BTC)-holding customers out of pocket. Per Bloomberg, the hedge fund has made its decision “in the wake of this year’s…
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Following a sharp drop in the bitcoin (BTC) price on Wednesday that brought the price of the asset down by almost USD 1,000 in less than an hour, the market still has no clear answer what caused the drop. As noticed by cryptoasset analyst at ARK Invest Yassine Elmandjra, yesterday’s drop marks the fifth largest…
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