The first day of the Ripple’s two-day blockchain conference saw some significant updates. As predicted, the San Francisco event turned out to be the launchpad of Ripple’s cross-border payment system, xRapid. CEO Brad Garlinghouse took the stage to announce that xRapid will go live for the first time with three mainstream financial institutions. Payment providers Mercury…
Markets immobile at the moment; Nem making moves, XRP and Tezos falling back. There has been little movement on crypto markets over the past 24 hours. Total capitalization has dropped a little and red is seeping into the crypto charts. The majority of altcoins have declined a little over night but one or two are…
According to multiple sources, there is already much more institutional money in the $220 billion strong cryptocurrency market that people might be aware of. Growth in OTC Trading Highlights Shift from the Retail to the Institutional The largest buyers of crypto were high-net-worth individuals who willing to take a risk on Bitcoin and other digital…
Price analysts and charting experts are conflicted as to whether or not the recent price rise and persisting stability for Bitcoin and the general cryptocurrency markets signals growing strength or represents the calm before the storm. One charting expert believes that the technical damage done to Bitcoin over the past nine months will take several…
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…