Bitcoin sees first major weekly price decline since Trump’s election win
Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.
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Port of Rotterdam testing blockchain and AI for renewables trading
The Port of Rotterdam's Innovation Dock has been testing a high frequency decentralized energy market for renewables since August 2020. The Port of Rotterdam's blockchain subsidiary, Blocklab, has been trialing a decentralized electricity trading system to help lower costs and optimize the use of renewables on its microgrid.The system, called Distro, has been jointly developed…
Risk management in crypto: Aka ‘the art of not losing all your money’
Risk management is a vital element of success for any trader in any market. No matter the size of the capital you’re trading with or investing in, losses are going to be inevitable, particularly in highly volatile markets like cryptocurrency. Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to…
Switzerland to Require ID for Crypto Exchange Transactions Over $1K
The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on Feb. 7. Citing additional risk, the threshold for unidentified crypto exchange transactions is lowered from 5,000 CHF to 1,000 CHF (approximately $1,020 USD).The provision comes following the enactment of the new Financial Services Act and Financial Institutions Act, which came into force…
Simplex partners with Visa to issue crypto debit cards
Fiat-to-crypto on-ramp service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards. 1694 Total views 12 Total shares Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a…
Can Blockchain Survive Mass Adoption? Future Perils Disclosed
Prediction can be a bit of a gamble. And when cryptocurrency and blockchain are involved, it wouldn’t be surprising to see people shying away from scrying experiments of any sort. Blockchain gets a bad rep because of its relation to Bitcoin (BTC), the cryptocurrency that many love to hate due to its apparently volatile value. But…
Cardano to Roll Out Commercial Infrastructure, Denies Coronavirus Delay
Proof-of-stake (PoS) blockchain Cardano (ADA) is working on implementing commercial infrastructure. The coin’s officials have reassured the public that development is on schedule.During a March 13 YouTube livestream, Charles Hoskinson — the CEO of IOHK, the firm behind Cardano — said that official updates about the coin’s critical commercial infrastructure should be expected in the…
Australian State Government Invests in Crypto Startup to Promote Regional Tourism
The state government of the Australian province of Queensland will issue a grant to a crypto startup as part of over $8.3 million of innovation funding, according to an official announcement published August 1. According to the government statement, the TravelbyBit digital currency payments platform for the travel and tourism industry is one 70 companies…
PayPal suspends user for crypto trading using PayPal’s own service
The user’s funds are reportedly under a 180-day hold. 1721 Total views 13 Total shares A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform.According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.”…