As the competition among crypto companies is changing, it’s making financial services more accessible and cheaper, says popular crypto researcher known as Hasu in the latest analysis. While coming from different directions, all crypto companies share the same goal of eventually becoming crypto banks, says the analysis written by Hasu and several other contributors on…
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This week, bitcoin price extended its decline below the USD 7,250 support level. BTC/USD even traded below the USD 7,050 and USD 7,000 support levels. Finally, the price traded close to the USD 6,850 support level and recently started a fresh increase. Similarly, most major altcoins tested key supports and are currently (09:00 UTC) recovering,…
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It would certainly be strange to draw all money from a bank like people are taking their crypto off the exchanges today. And it would be unthinkable for the banks to support their customers taking their money out en masse. Yet, that’s what we see in the Cryptoworld. What’s more, this approach seems to be…
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An overview of the stances of China, Russia, India and the developing world toward crypto regulation in 2019. This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the “Insiders,”…
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Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign. Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike…
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The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members. The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release. The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong…
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A working paper raises concerns about a run on the banks in times of financial instability, with tiered interest rates proposed as a solution. The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it. That was the conclusion of…
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Tezos (XTZ), one of the best performing digital assets in 2019, is moving out and back into the list of the top 10 coins by market capitalization today after less than a month in this club. At pixel time (12:57 PM UTC), XTZ trades at c. USD 1.28 and is the worst performing digital asset…
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A cryptocurrency investment company has hit a major law firm with a malpractice suit in a potential watershed case for the American legal and crypto worlds. According to legal documents submitted to a court in the American state of Illinois, Crypto Assets Fund has filed against Faegre Baker Daniels, one of the United States’ top…
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South Korean telecoms giant SK is set to debut a new blockchain-powered donations platform it has developed using Ripple technology. The company has been working on the platform since summer last year – and has now opened it for SK Group employees. The platform is named ChainZ, and uses the Ripple blockchain network, as well…
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