One of the main ways of reducing poverty is through financial inclusion. As of last year, an estimated 1.7 billion adults around the world still remain unbanked. This means that they have no access to a savings account, credit, or any type of financial services. In a world where our […]
Tag: cryptocurrency
Switzerland’s Stock Exchange Will Offer Cryptocurrency Services in Early 2019
Financial service providers have shown an increasing interest in cryptocurrency. Multiple banks are mulling the idea of setting up cryptocurrency trading desks. Doing so will take a lot of time and effort. In Switzerland, the domestic stock exchange and a digital exchange are set to offer cryptocurrency-related services. Switzerland Continues […]
Cryptocurrency Money Laundering Is a Booming Industry Despite Lack of Anonymity
Numerous connections have been drawn between cryptocurrency and money laundering. It is a worrisome trend, yet one that seemingly will not end anytime soon. A new report by CipherTrace shows that money laundering activity involving cryptocurrency will only continue to increase. Criminals Still Favor Cryptocurrency Proceeds On paper, there is […]
Coinbase Custody Notes Initial Interest From Hedge Funds and Family Offices
It would appear Coinbase’s custody service is already attracting a lot of positive attention. More specifically, the new custodial service piqued the interest of at least 10 hedge funds and family offices. This further confirms the growing demand for exposure to cryptocurrencies in general, which could lead to more positive […]
Swiss Regulators Aim to Give Crypto Firms Better Access to Financial Services
Switzerland is attempting to position itself as a hub for cryptocurrency activity. Surprisingly, it seems the country’s policymakers are intent on bridging the gap between cryptocurrency and traditional banking. Depending on how the current situation evolves, cryptocurrency firms may soon have full access to traditional banking services. Switzerland Embraces Cryptocurrency […]
10% of Millennials Are Selling Crypto to Afford Their First Home: $2B Real Estate Firm
According to Redfin, a multi-billion dollar real estate company listed on Nasdaq, 10 percent of millennials have sold their crypto holdings to afford their first home. Breakdown of Millennials’ Investment Strategies In March of this year, Redfin surveyed 2,000 US residents to understand the perspectives and concerns of both millennials […]
Why Kakao, Korea’s Biggest Internet Firm, Was Forced to Pivot From ICO to DApp
Line and Kakao, two of the largest messaging applications in Asia alongside WeChat, with more than 90 percent of the market share in Japan and South Korea respectively, are battling for dominance in the blockchain sector with unique partnerships and decentralized applications. Last week, Line, a Japanese messaging app that […]
Complicated Buying Process Continues to Hold Cryptocurrency Adoption Back
Cryptocurrencies remain an interesting yet confusing financial product. Their volatility is both attractive and scary at the same time. Obtaining Bitcoin or altcoins remains one of the biggest challenges to date. There is a good reason why so many people don’t own cryptocurrency, as buying it makes little sense to […]
Cryptocurrency Price Declines Are Trivial Compared to Venezuela’s Financial Woes
The financial situation in Venezuela looks anything but impressive. Financial hardship has become the new normal in this part of the world. It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Instead, it appears Nano […]
New Research Says Crypto Prices Are Being Manipulated
If there’s one constant about cryptocurrency, it’s volatility. Many people wonder if it’s possible to track the things that cause price fluctuations, asserting that if they could, making the all-important decision about when — or if — to invest would be more straightforward. According to a research paper about Bitcoin […]
Cryptojacking Is Still a Booming Business, McAfee Labs Report Confirms
Developers of malicious software have shown a great aptitude for cryptocurrency integration. This has become painfully obvious due to the recent malware and ransomware trend. In this day and age, most criminals are interested in cryptojacking, which still remains a very profitable venture. A new McAfee security report shows how […]
Bitcoin Price Watch: Currency Remains At $6,300
At press time, the father of cryptocurrency is standing its ground at $6,300. The past two weeks have been a series of up-and-down dilemmas as bitcoin has fallen to $6,200, then $6,100, then down to $5,800, putting many investors in a state of terrible unease. Its sudden spike to the […]
Stablecoin Competition Heats up as Reserve Tries to Make Its Mark on the Industry
A very peculiar trend has become a lot more apparent in the world of cryptocurrency as of late. The rise of stablecoins has been well-documented, yet it seems a lot more of these currencies are on the horizon. Reserve aims to be pegged to the US dollar and will offer […]
Dwindling Cryptocurrency Prices Spell More Doom for Plagued ICO Market
The initial coin offering industry has seen a lot of growth over the past 18 months. Various projects launch every single week, and most of them raise a few million dollars in the process. Unfortunately, a lot of ICOs are destined to fail sooner or later. Several billions have been […]
Cryptocurrency Popularity Is Rising in Europe, Survey Claims
Europe is an interesting region when it comes to cryptocurrency activity. Although euro trading pairs are not as popular as their USD counterparts, the continent is slowly making a name for itself. It appears Turkey is quickly becoming a cryptocurrency hub. Close to one in five residents owns some form […]
Why Apple’s Co-Founder Believes Ethereum Will Outlive the Blockchain Hype
Steve Wozniak, the co-founder of $913 billion technology giant Apple, has said that Ethereum is one of the few blockchain protocols that will outlive the dotcom bubble-esque blockchain hype. Only Bitcoin and Ethereum Will Survive In an interview with CNBC, Wozniak stated that Ethereum has the potential to outlive the […]
Japan Will Forge a Path to Success for Blockchain and Cryptocurrency, Expert Claims
Japan is a very important location in the world of Bitcoin and cryptocurrency. Considering that it is one of only two countries to have officially recognized Bitcoin as legal tender, any development in this country will be important. For Japan’s economy, the influx of cryptocurrencies and blockchain technology could not […]
Hong Kong’s SFC Will Continue to Monitor the Cryptocurrency and ICO Industry
Regulation is one of the more pressing topics of debate in the cryptocurrency world these days. It’s a necessary evil to some, yet a way of legitimizing the industry to almost everyone else. Hong Kong regulators are keeping a close eye on this industry, and its Securities and Futures Commission […]