Opinion

Several German Banks have sought permission to set up digital asset custody businesses. This is according to a report by news outlet Handelsblatt. The Report indicates that Germany’s financial regulator BaFin acknowledged the receipt of over forty applications from parties intending to provide custodial services for cryptocurrencies. BaFin Empowering Financial Institutions The country recently overhauled its Money Laundering Act. The changes grant banks and other domestic financial providers the right to administer traditional securities including stocks and bonds, besides digital…

The leading cryptocurrency, BTC, is looking towards updating its local high close to $13,800. Assuming that the recent structure is a bullish Flag, then the upside target may well reach the $17,000 mark.  BTC has come close to the $10,000 within the past week, reaching its highest price since Oct. 2019. The BTC price has climbed by almost 40% so far this year, reaching $9,780 on Bitstamp exchange as of February 6, 2020.  And today, bitcoiners around the world are…

BTC price drifted around its previous major barrier at $10k. Consequently, it drew the buyers' reaction pushing the crypto's price above the level. Further surges saw it settle around the $10.1k zone. The rally constitutes a huge increase in Bitcoin’s impetus so far this year. This upswing has enthused the market. Analysts maintain that BTC is currently at a point where it could register tremendous gain. Additionally,  history suggests that BTCs price surges by between 14 and 100 percent when…

Speaking at the LINC 2000 conference a week ago, Galaxy Digital's CEO Mike Novogratz stated that Bitcoin would outperform XRP by a wide margin this year. Novogratz took to Twitter to explain his bearish call on XRP in light of his conference's utterances. He registered his astonishment at XRP's and the overall altcoin market's performance so far in 2020. By the time of going to press, XRP and BTC  prices had appreciated by 43 and 36 percent, respectively. That said,…

Reuters reports that Japanese lawmakers have lobbied their government to push for the inclusion of discussions on digital currencies at the G7. They have asked the government to convince the United States (the leader of the summit) to amend the meeting's agenda to include the topic. Akira Amari, Japan's Minister for Economic Revitalisation, averred that it was crucial to draw the United States' backing for the topic. Mr Amari maintains that the two nations need to join efforts in making…

The BTC/USD price is consistently increasing above the $9.5k and $9,750 marks. Moreover, it has the potential of crossing the $10k point is a likelihood of the price to cross $10k precipitating a strong rally towards $10.4k or $10,650. The price increased steadily over the $9.5k barrier and settled above the  $9.7k point, closing over the 100 hourly SMA. BTC Is Strengthening  Eventually, the price rallied over the  $9.8k level thereby attaining a new high of  $9,850 this year. Presently,…

Last year, Australia’s Ministry of Industry, Science and Technology, and Ministry of Trade Tourism and Investment announced an upcoming national blockchain strategy and roadmap. Recently, the Australian government announced the launching of its national blockchain roadmap. This blockchain roadmap aims at revolutionizing Australia’s blockchain industry. The roadmap contains the benefits of allowing blockchain technology within different sectors. The sectors prioritized are finance and banking. As per the national blockchain roadmap, a yearly business value of more than $175 million could…

The UK’s Financial Conduct Authority, FCA, wants to employ a cryptocurrency enlightened person. The institution announced the job opening on the 6th of February on LinkedIn. The FCA needs an intelligent associate skilled in cryptocurrency to deal with digital assets within the context of the EU’s fifth Anti-Money Laundering Directive, 5AMLD. The 5AMLD became effective on the 10th of January and deals with money laundering and terrorism financing in Europe. On the 31st of January, the UK exited the EU;…

MoneyGram is utilising On-Demand Liquidity, which is a cross-border payment solution powered by Ripple. The On-Demand Liquidity is now available in the five global payment corridors. Recently, Ripple’s senior official, Asheesh Birla noted the firm’s progress with their corporate partners. On the other hand, Bitso also moved $18 million of remittance through XRP at the end of 2019, and its growth is currently at 15% to 20% weekly. Birla also pointed out that MoneyGram is now active in five corridors,…