Transak becomes first US crypto on-ramp to enable wire transfers
Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto.
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Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally
The European stock markets and the United States equities markets are both deep in the red on Aug. 22 as investors fear that aggressive rate hikes may not be off the table. Another thing keeping investors nervous could be the upcoming Jackson Hole economic symposium, which is scheduled to begin on Aug. 25. Investors are concerned…
Mobile Decentralized Exchange Says It Prevents Hacking, Cuts Fees and Offers Fixed Rates
A crypto company is launching “one of the first inter-blockchain, mobile decentralized exchanges” on April 23 — and says its platform is going to solve major problems currently seen in its centralized counterparts.According to the SovereignWallet Network, M.DEX is designed to address three key issues that have been having a detrimental effect on the usability…
Bitcoin Hash Rate Passes Record 150 Quintillion as Price Reclaims $9K
Bitcoin (BTC) miners have set a fresh all-time high in terms of computing power they are willing to dedicate to validating transactions.Cryptocurrency market daily overview. Source: Coin360Pomp: Hash rate shows BTC “doesn’t care about anything”According to data from monitoring resource Coin Dance on March 5, the Bitcoin network hash rate may have passed 150 quintillion…
US Mining Firm Plans to Nearly Double Hash Rate After Halving
Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations. U.S.-based mining firm, Riot Blockchain, has more than doubled the number of next-generation Bitcoin (BTC) miners it has purchased, buying 1,040 Antminer S19s from Bitmain on May 6. The additional miners cost the firm $1.9 million, following Riot’s purchase of 1,000 S19s…
Central Bank-Issued Digital Currencies: Why Governments May (or May Not) Need Them
On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems.The concept of CBDC, or national cryptocurrencies, has attracted many governments across the world. Some of them have already rolled out…
Brazilian proposal would make crypto payments legal and protect private keys
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be legally recognized financial asset for investments and other uses. 399 Total views 5 Total shares A proposed addition to an existing Brazilian law would grant Brazilians the right to use cryptocurrency as a means of payment while protecting…
‘Proof of Reserve’ bill passes in Texas House of Representatives
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital. 180 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe Texas House of Representatives approved a bill that would require crypto exchanges to maintain reserves “in an amount sufficient to fulfill…
Peter Schiff blames ‘too much gov’t regulation’ for worsening financial crisis
Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance. 293 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe recent fall of major banks in the United States and the need for…