Opinion

XRP's performance was not quite a success last year as many expected. The year 2019 saw the XRP/USD price subside by 50%, placing it together with several underperforming traditional asset classes. Last year's powerful BTC's performance, which exhibited a more than 90 percent rally, caused a dramatic downward spell in the XRP/BTC pair's price. The pair's value even went further lower than the XRP/USD price together with other fiat currencies. The cost of one XRP is now below 3k satoshis,…

On the 28th of January, PSG pointed out that its fan token is now available on Socios blockchain platform. People holding PSG fan token can use it to vote on an inspirational message to appear on the captain’s (Thiago Silva) armband on the pitch. Another token offered on Socios is an AR token hunt game for Chiliz and CH2 and may be consecutively used to purchase PSG’s fan token. Team supporters can use the fan token to vote in various…

A British court ordered Bitfinex to hold up to Bitcoins worth $860k. It was after finding out that there were cryptocurrencies for a ransomware payment. Bitfinex and Chainalysis traced the Bitcoins with almost a million dollars back to ransomware payment. England and Wales High Court ordered the exchange to hold up the address and reveal its Know Your Customer (KYC) information. Chainalysis software got used when tracking the stolen funds. More on the Court Order An anonymous company got affected…

Singapore passed the Payment Services Act 2019 (PSA) in January 2019, and an announcement on January 28th revealed an update to the Acts. This update is called the Digital Payment Token (DPT) and includes services that cover cryptocurrency and exchange based in Singapore. This update is under the already implemented anti-money laundering (AML) and the counter-terrorist financing (CTF) rules. In this case, crypto-related businesses have to register first and then apply for a license to operate. The Fifth European Anti-Money…

Recent statistics provided by LongHash says that more than 26000 blockchain firms are operating in the country, and close to 80000 are legally registered companies. Guangdong province has the most blockchain companies, having 22 636 registered and operating firms in the province. Recently, the government of Guangdong province adopted a blockchain-based financing system. Additionally, there are over 5300 and 5000 blockchain firms registered and operating in Yunnan and Guangxi provinces. More Statistics on Crypto-Related Firms in China In 2018, the…

Recently, FOXBusiness interviewed Tim Draper, a renowned American venture capital investor. Draper advised Millenials to put their money in Bitcoin to secure their future. He also said that a financial system that is not working anymore got introduced to the millennials from past generations. Draper also mentioned what Bitcoin could do towards solving their retirement difficulties. He also noted his early investment with Tesla. Tim Draper on How Millenials Should Invest Tim Draper, advising millennials how to invest and plan,…

The XRP/USD pair failed to rise above the barrier at $0.2400. The pair's price is dropping at the moment, and it appears at risk of falling below $0.2300 and $0.2240. Currently, the price rose over the barriers at $0.2320 and $0.2350. However, the price could not secure a momentum and topped close to the $0.2420 zone. It did not form a high close to $0.2415 and started inclining. The XRP/USD pair surged past $0.2380 and $0.2350. At the moment, XRP…

On the 22nd January 2020, Pornhub announced the addition of two new payment options. USDT is one of the options added, a cryptocurrency stablecoin, and is the sixth-largest market cap. Paypal halted supporting Pornhub two months ago due to issues concerning regulatory compliance. In return, cutting off the Paypal payroll of the models and actors on its website. Some time ago, nations banned banking services in facilitating porn websites to stop human and drug trafficking. Nevertheless, the industry continues to…

Cross-border CBDC payments could soon be a reality. This follows the announcement by The central banks of Hong Kong and Thailand that they were on the cusp of jointly implementing a similar payments system. In an official communique released on 22 January, the two banks disclosed the results of Project Inthanon-Lionrock, a CBDC research project the two are cooperating in. The banks issued a joint press release and availed a 90-page report detailing the pros and cons of CBDC on…