Ebang, one of the leading cryptocurrency mining hardware manufacturers in China, is planning to open an offshore cryptocurrency exchange. Ebang Set to Launch a Digital Asset Exchange During an interview with Bloomberg BBN, CFO Chen Lei confirmed that the company is set to launch a digital asset exchange. This is […]
crypto
Big Four Auditing Firm KPMG Introduces Crypto Asset Management Tools
One of the big four global accounting firms, KPMG, has rolled out a suite of tools that will help fintech startups and traditional financial companies to provide cryptocurrency services. KPMG Launches Crypto Management Tools The company announced on Monday that it is rolling out a few management tools that will […]
PayPal, Venmo to Launch Crypto Buying and Selling: Sources
PayPal is looking to launch the direct sales of cryptocurrencies to its hundreds of millions of users. This is according to three people familiar with the situation. PayPal to Roll out Crypto Sales to Over 300 Million Users One of the largest fintech companies, PayPal, is looking to roll out […]
Crypto Card Issuer Wirecard Loses $2.1 Billion in Cash, Shares Down by 62%
Wirecard has reportedly lost $2.1 billion from one of its accounts, with the shares of the company plunging by 62% as investors lose confidence. 1.9 Billion Euros Lost from Wirecard Account Wirecard, one of the popular cryptocurrency card issuers, has revealed that it has lost around 1.9 billion euros ($2.13 […]
Job Postings Indicate Bank of Canada is Getting Ready to Start Designing a CBDC
Multiple job postings indicate that the Bank of Canada is finally on the road to designing its own CBDC after years of research into them. Bank of Canada Could Be Set to Design Its CBDC Following years of research, the Bank of Canada could be set to start designing its […]
Five Chinese Banks Say Legal Crypto Traders’ Accounts Will Remain Active
Five banks in China have come out to clarify that accounts belonging to legal cryptocurrency traders, will not be frozen, as this is against their policies. Legal Crypto Traders’ Accounts Will Not Be Frozen Authorities in China have started cracking down on bank accounts belonging to cryptocurrency traders in the […]
Russian Economy Minister Wants Regulated Crypto Market Rather Than Outright Ban
The Russian economic ministry is calling for a controllable cryptocurrency market in the country instead of the outright ban proposed by the government. Do Not Ban Cryptocurrency Transactions The Russian Ministry of Economic Development sent a letter to the country’s parliament, criticizing a package of draft bills recently put forward […]
Crypto News Outlet BlockTV Ceases Operation Due to COVID-19 Impact
A media startup that focuses on the cryptocurrency sector, BlockTV, has shut down operations, with two former employees citing the economic impacts of the coronavirus pandemic. COVID-19 Forces BlockTV to Shut Down The COVID-19 global pandemic continues to affect several businesses and companies around the world. The cryptocurrency sector has […]
Poloniex and Bittrex Added to Tether’s Bitcoin Market Manipulation Lawsuit
A lawsuit against Tether, for manipulating the Bitcoin market, has now included two cryptocurrency exchanges. Poloniex and Bittrex Now Part of Tether Lawsuit Stablecoin issuer, Tether, has been facing allegations for manipulating the Bitcoin market in 2017, leading the cryptocurrency to reach its all-time high of nearly $20,000 per coin. […]
Brazil Regulator to Continue Investigation Into Banks’ Rejection of Crypto Firms
The biggest banks in Brazil are still under investigation for refusing to provide services to cryptocurrency companies in the country. CADE Continues Probe into Brazilian Banks The Administrative Council for Economic Defense (CADE), Brazil’s antitrust regulatory agency, voted on Wednesday to continue its investigation into the banks in the country, […]
Andreessen Horowitz Predicts Fourth Crypto Bull Run
Cryptocurrency expert Andreessen Horowitz believes that the fourth cryptocurrency bull cycle is upon us, and it will be driven by high-quality projects in the industry. High-Quality Projects to Usher in Crypto Bull Cycle Andreessen Horowitz, a famous venture capital investor, recently launched a new $515 million crypto fund. He revealed […]
Cryptocurrency Spot and Futures Markets Hits $8.8 Trillion Trading Volume in Q1: Report
The total volume of cryptocurrency spot and futures market traded in the first quarter of 2020 was approximately $8.8 trillion, according to industry reports. Futures and Spot Markets Expect Increase in Trading Volume An industry report by Tokeninsight revealed that the trading of cryptocurrency futures and spot had increased dramatically […]
Crypto Lender dYdX Processed $1.1 Billion Cryptocurrency Loans in 1 Year
A popular cryptocurrency lender has revealed that it processed over a billion dollars’ worth of cryptocurrency loans in 12 months. 70% of Loans Processed in 2 Months According to the cryptocurrency lender, dYdX, the company has given out a total of $1.14 billion in digital asset loans over the past […]
Bitcoin Reserve on Crypto Exchanges Down By 70% Since Black Thursday
The volume of Bitcoin on cryptocurrency exchanges is down by 70% since the Black Thursday retreat earlier last month. Bitcoin Reserve Down By 70% on Exchanges Several cryptocurrency exchanges have been reporting a decrease in their Bitcoin reserves since the Black Thursday retreat of March 12, when the cryptocurrency market […]
Huobi Could Return to US Market This Month
Cryptocurrency exchange, Huobi, has indicated that it could return to the U.S. market as early as this month, according to a company executive. Global Crypto Exchange Huobi Could Reopen U.S. Trading this Month An executive of the global cryptocurrency exchange, Huobi, revealed that they are planning to start offering trading […]
