According to the newest report by analysis agency Diar, 4 main stablecoins – USDC, True USD (TUSD), Paxos (PAX) and the Gemini greenback (GUSD) – have breached the $5Bn mark in on-chain transactions inside the three-month interval. November additionally noticed a rise of a “whopping” 1,032% in on-chain...
For a lot of the yr, the bitcoin mining trade gave the impression to be impervious to the crypto market downturn, because the flagship cryptocurrency’s hash price continued to climb even because the BTC worth halved — after which halved once more. In current weeks, nevertheless, cracks have...
According to cryptocurrency intelligence agency CipherTrace’s Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $927 million. The blockchain cybersecurity professionals recognized theft and hacks at platform layers and exchanges to be a significant downside, evolving farther from its Q2 findings. In the...
British politician Eddie Hughes has proposed permitting native taxes and payments to be paid with cryptocurrencies. Source hyperlink
Following final week’s delay of the SEC to determine on whether or not to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, authorized knowledgeable Jake Chervinsky now says that there's a 10 p.c likelihood of its approval.  ‘I Think the ETF is in Trouble’ Jake...
The Gibraltar Blockchain Exchange, a subsidiary of the island's inventory trade, is now providing insurance coverage cowl for crypto property. Source hyperlink
As we beforehand reported, Circle’s Poloniex participation within the stablecoin wars is clear of their choice to not cost charges on use of USDC on their platform. For the month of November, trades in USDC weren't charged any charges in any respect. According to an e-mail blast from...
At the primary official assembly between 5 of the most important crypto exchanges and the federal government of South Korea, Cumberland Korea CEO Hong Joon-ki mentioned that each the federal government and native monetary establishments have to acknowledge the efforts of Nasdaq, Fidelity, and a few of the...
Despite the hype, some specialists consider a bitcoin ETF would not have a lot lengthy-time period affect on the broader market. Source hyperlink
In October, the authorities of Japan hinted its plans to ease the strategy of taxing crypto investments to chorus impractical taxation frameworks from negatively affecting the native market. At the time, a committee of tax consultants that's tasked to advise the authorities on taxation issues inspired the authorities...