Square Sees Profits From Bitcoin Sales Double in Q2

Tokens like POPCAT, MEW, MOG, and CAT have seen significant gains, up to 40% in a week, following a 50 basis point rate cut by the U.S. Federal Reserve, indicating a return of risk-on sentiment in the crypto market. POPCAT reached a $1 billion market cap, MOG has surged 70% in two weeks due to

Oct 14, 2020 at 09:33 UTCUpdated Oct 14, 2020 at 09:34 UTCGate.io, a cryptocurrency exchange, has unveiled a pocket-sized solution for crypto holders concerned over the security of their assets.In an emailed press release Wednesday, the company announced the launch of a new hardware storage device, dubbed the Wallet S1, initially for the China market.Describing…

Dec 17, 2019 at 17:45 UTCUpdated Dec 17, 2019 at 18:43 UTCECB image via Shutterstock‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB ReportThe European Central Bank (ECB) is thinking through the logistics of a hypothetical central bank digital currency (CBDC).Revealed Tuesday in an ECB report, Europe's central bankers have developed an “anonymity voucher” to…

Photo by Kelly Sikkema on UnsplashThe Stablecoin Surge Is Built on Smoke and MirrorsFrances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession.There’s…

Jan 17, 2020 at 19:18 UTCUpdated Jan 17, 2020 at 19:28 UTCCanadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital AssetsCanada's top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users' digital assets.The Canadian Securities Administrators (CSA) said in guidance published Thursday the common…

Feb 11, 2020 at 11:19 UTCA new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets. Canada Stablecorp announced Monday it was issuing the "QCAD" stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, which recently…

South Korea has proposed new rules to protect the customers of virtual asset services providers.The country has been ramping up regulation of the industry in recent months.The rules do not cover non-fungible tokens (NFTs).South Korea's Financial Services Commission (FSC) has proposed rules to protect the customers of virtual asset services providers (VASPs), the regulator said

Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

Conflux Network, a permissionless Layer 1 blockchain popularly called the Chinese Ethereum, on Wednesday confirmed more investment from the crypto market maker and Web3 investment firm DWF Labs. Still, the blockchain's native token, CFX, traded in the red, falling over 6% to 21 cents.The self-proclaimed regulatory complaint blockchain in China, said on Twitter that DWF…