Over the past three days, the volume of major cryptocurrencies and the rest of the crypto market has increased substantially, from around $10 billion to $13 billion. Bitcoin, in particular, has seen a large increase in volume from $3.1 billion to $4.3 billion within a week, by more than 40 percent. Led by the positive price movement of Bitcoin and …
The Abu Dhabi Securities Exchange (ADX) has issued a thought paper on cryptocurrency and blockchain infrastructure for issuing digital assets, reports the Emirati government news agency WAM Nov. 6. The document was reportedly issued in collaboration with the Central Securities Depositories and under the auspices of the International Securities Service Association, ISSA. In publishing the paper, the ADX seeks to …
A regulated cryptocurrency exchange in Japan has partnered with two companies to enable cryptocurrency payments for their businesses. Hinomaru Limousine has started accepting payments in cryptocurrencies for its airport taxi service while Carchs Holdings allows crypto payments at its used car dealerships. Airport Car Service by Hinomaru Bitpoint, one of Japan’s 16 regulated crypto exchanges, recently announced two business alliances …
Tuesday, Nov. 6: top cryptocurrencies have seen strong gains on the day, with Ripple (XRP) temporarily overtaking Ethereum (ETH) as the top altcoin by market capitalization. Market visualization from Coin360 Bitcoin (BTC) is up 0.3 percent over the last 24 hours, and is trading at around $6,447 as of press time. Having briefly dipped below $6,400 during the day, BTC …
XRP, the native cryptocurrency of the Ripple network, has surged by more than 12 percent over the last 24 hours. Cryptocurrency traders and technical analysts generally expect the positive price movement of XRP to continue in the short-term, given the sheer magnitude of the asset’s recent upward run. What Has Caused Ripple to Rally? Throughout the past week, Ripple has …
The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks dealing in cryptoassets to apply a risk weighting of eight times their market value when calculating loss-absorbing capital buffers. In a confidential letter seen by swissinfo.ch, the regulator also imposed a 4 percent cap on crypto positions as a percentage of total capital held by banks, requiring them to report when …
Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, predicts that bitcoin will break out of its 2018 doldrums and soar to $20,000 in 2019 — fueled by a spike in institutional investments. The former Goldman Sachs investment banker says institutional “FOMO” (fear of missing out) will drive the market up over the coming months as cryptocurrency assets gain …
Oil and gas conglomerate Reliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction. According to a news release from HSBC India shared with CoinDesk on Sunday, Reliance Industries has recently executed a “live” blockchain-powered trade finance transaction in collaboration with US-based global chemical distributor Tricon Energy. The end-to-end transaction …
Japan is one of the key countries in the crypto financial world, where the headquarter of Bitcoin.com is situated, the crypto exchange Mt. Gox was established, the Bitcoin’s creator Satoshi Nakamoto name comes from, and cryptocurrencies in general are legalized. But, what do we really know about the growing industry of cryptocurrencies in the Land of the Rising Sun? What …
Emerging Markets Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Millennials Drive Cryptocurrency Adoption in Africa Over the past year, users from the African continent of 1.2 billion people …
