The weekend selloff has begun again, Ethereum, Bitcoin Cash, Litecoin and Cardano dumping. As predicted in yesterday’s crypto market roundup, things have dumped today. This cycle has repeated itself several times over the past couple of months – a few days gaining then one big dump losing it all. Total market capitalization has dropped to…
One of India’s largest digital asset exchange platforms has announced today that it will cease offering crypto buying and selling services. Zebpay Calls it a Day Due to Regulatory Pressures Zebpay stated that the Reserve Bank of India’s (RBI) clampdown on digital currencies had severely impacted its ability to do business. The exchange announced that…
A federal judge stated yesterday that digital currencies should be viewed in a legal capacity as commodities. This will continue to give the U.S.’s CFTC the right to police accusations of fraud in the cryptocurrency space. Bitcoin’s Futures Contracts Make All Virtual Currencies Commodities in the US The decision was made on Wednesday in a…
SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in…
With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U.S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits. However, a lawyer from Morgan Lewis & Bockius states that many users do not realise that even when they have…
Boston-based Circle Internet Financial Ltd., creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U.S.-dollar backed stablecoin. USD Coin: Circle Introduces New Dollar Backed Stablecoin The Goldman Sachs-backed Circle announced the move just days after revealing that new assets were…
It doesn’t matter if you are a Grammy Award-winning musician or a video producer with less than a hundred followers. The moment you publish your work – it starts getting segregated. Content creators have been silently siphoning off a huge part of their earnings to several sets of hands. When an individual watches or purchases their…
Markets still falling back; XRP up but Ethereum still in pain. Crypto markets are still bearish today following yesterday’s 15 billion dollar dump. What seemed to be signs of another small rally ended a few hours ago when markets turned south once again. They are currently below $210 billion total market capitalization. Bitcoin has declined…
One of the largest internet technology firms on the planet, Mountain View, California-based Google is reversing its stance on cryptocurrencies, removing a ban on crypto-related advertising that went into effect in early 2018. Google Reverses Cryptocurrency Ad Ban Back in March of 2018, the search-engine powerhouse Google followed the lead of Facebook, Twitter, and others…
A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection. Venezuela Turns to Dash Last month, Ryan Taylor, CEO of Dash Core Group, said that it was “seeing tens of thousands of wallet downloads from…