Texas Republican Rep. Phil Stephenson has introduced a bill-draft that would require Texans to identify themselves before they use crypto assets like bitcoin. In Texas House Bill No 4371, Stephenson took the institutionalization of digital currencies to an altogether new level. His bill recognized the blockchain technology as a tool that enables users to create…
While the primary Binance platform has yet to support fully-fledged fiat capabilities (and may never will), official regional spinoffs, which have launched over the (arguably) ongoing crypto winter, accept deposits and withdrawals from and to financial institutions. The world-renowned startup is purportedly looking to capitalize on this success even further, hinting at plans to launch…
As Bitcoin moves ever closer to its block reward reduction, analysts are becoming more and more convinced that BTC will rally into the quadrennial event. One analyst notes that as this market nears the auspicious shift in issuance, the cryptocurrency could double by value, especially considering historical trends. Related Reading: Analysts Widely Bearish on Bitcoin as…
Buckle up, the institutionalization of bitcoin and crypto, in general, has begun. Swissquote, a $618 million worth online banking group, announced Friday that it is partnering with Zug-based Crypto Storage to enable cryptocurrency custodial services on its platform. The Gland-based said that institutional investors on its platform would be able to transfer cryptocurrencies from their external…
Over recent weeks, overall sentiment in the crypto market has seemingly begun to express signs of turning optimistic. A number of polls conducted on Twitter indicated that investors, by and large, thought that a Bitcoin (BTC) bottom was in. Cryptocurrency commentators began to tout the merits of a bull rally in these depressed conditions. And…
Prospects for the crypto space remain bright. Over the past week, Wall Street giant Fidelity Investments has soft-launched its digital asset branch, Starbucks is purportedly looking to accept Bitcoin, and Twitter CEO Jack Dorsey has only doubled-down on his support for BTC and its respective ecosystem. Crypto Tidbits: Fidelity’s Crypto Branch Live, Serving Select List…
For the longest time, the developers behind the Ethereum (ETH) blockchain have had their eyes set on Proof of Stake (PoS). Serenity, as core developers call the iteration of their brainchild based on staking rather than mining, is slated to come to fruition over the coming years. But, some, including those predisposed to be enamored…
While investors are still reeling in pain due to 2018’s downturn, Bitcoin (BTC) remains drastically higher than it was two years ago. In fact, in the past 24 months, BTC has moved from $1,200 to $3,900 — a rally of 3.25 times. These gains may sound impressive, especially considering the relatively measly 10% that the…
Cryptocurrency exchange Coinbase recently faced widespread backlash from the crypto community after the exchange acquired Neutrino – a company with close ties to the notorious Hacking Team, who has allegedly sold spyware and other software to oppressive regimes. Despite this, Coinbase has now claimed that the acquisition of Neutrino was the result of a “gap” in…
A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian…