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Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst the sell-off, the whistleblower Edward Snowden said that he “felt … Read more
Binance chief Changpeng Zhao referred to it as “Bloodbath day,” and many in the cryptosphere will echo those sentiments, as fallout from the COVID-19 pandemic reverberates through global markets. As crypto exchanges were thronged by frantic traders looking to capitalize on – or seek refuge from – the unprecedented market dump, several platforms buckled under … Read more
Should crypto exchanges follow the lead of traditional exchanges and use circuit breakers to curb panic selling? Go to Source Powered by WPeMatico
If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other … Read more
Chainalysis reports over $1 trillion was transacted in cryptocurrency in 2019 with only 1.1% of it being illicit Go to Source Powered by WPeMatico
Huobi Thailand launches today amidst the coronavirus outbreak in the region Go to Source Powered by WPeMatico
The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey. Also Read: Blockchain.com Launches Full … Read more
Turkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with Syria and the coronavirus outbreak in the … Read more
A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment in the current uncertain financial times. Also read: Court Rejects Ripple’s Bid to Dismiss Class … Read more
When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to be invented. As a result, a single private key was commonly used to control all customer funds. Today, multisig has been complemented by sophisticated solutions such as Unbound Tech’s CASP, which uses secure multi-party computation. Despite these innovations, many exchanges … Read more