US crypto firm BitGo wins payment license in Singapore
Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets.
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The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed.Criminals mostly use BTC and ETH to dateDavid Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies at a panel held by blockchain…
Bitcoin and cryptocurrency are no hedge for inflation
The U.S. Federal Reserve chairman, Jerome Powell, recently announced that the Fed will now shift its focus from targeting inflation to closing “unemployment shortfalls.” The Fed, in essence, is doubling-down on the same inflationary policies with which it experimented during the 2008 global financial crisis.Speaking at a virtual Jackson Hole event recently, Powell said the…
$1B of Bitcoin from Silk Road wallet moves for first time since 2015
Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network,” but it may have been hacked. 1491 Total views 17 Total shares An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular…
ConsenSys exec joins CoinFund to assist early-stage blockchain firms
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Binance’s DeFi index crashes 60% as Bitcoin overshadows altcoins
Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. 2360 Total views 23 Total shares Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.DeFi struggles as Bitcoin shinesThe DeFi…
Wine, Mountains, and Mining Rigs: Georgia as a Crypto Powerhouse
The former Soviet republic of Georgia, which occupies picturesque mountain valleys and rugged ridges of the Southern Caucasus, has roughly the same population as the state of Connecticut. It is renowned as the birthplace of Joseph Stalin, as well as for being one of the oldest wine regions in the world, its rich and eclectic…