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Despite their growing popularity, Bitcoin and other virtual currencies are still not accepted in many states and nations. There are varying levels of ‘crypto-friendliness’ in different countries, which refers to each government’s policy regulations to support (or against) cryptocurrencies. Some, like Ecuador and Bolivia, have banned the use of decentralized currencies altogether. However, others have a more accepting or positive stance towards crypto. These five are some of those countries that are generally crypto-friendly: Malta The small nation of Malta,…

A financial scandal has rocked Germany’s fintech domain, as Wirecard is allegedly involved. Mark Kristopher G. Tolentino is allegedly behind this, as he is known as Trustee 2 for being the manager of the money. Nonetheless, Tolentino is clearly not responding to the allegations. A mainstream German daily said Tolentino opened 6 accounts for Wirecard with the Bank of the Philippine Islands (BPI) and BDO Unibank following his appointment as trustee late last year. It was reported that he deposited a sum of…

MarkerDAO has been the dominant platform in DeFi. However, recent data suggest that Compound has surpassed MarkerDAO in terms of DeFi dominance. Before the COMP distribution began last week, there was $97.7 million on Compound as against $480.5 million on MarkerDAO. However, as of June 21, Compound had $595.4 million worth of COMP tokens locked in DeFi, as against $442.8 million for MarkerDAO, according to DeFi Pulse. Last week, Compound users began earning the platform’s new governance tokens, COMP for…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $266 billion. ● Bitcoin keeps trading above $9,000, with very few fluctuations. ● Ethereum decreased by 2.3% as it hovers above the $230 mark. ● XRP continues its downtrend as it drops below $0.19 ● The NASDAQ Composite index continues to trade around the all-time high that it hit on June 10th Crypto…

Cryptocurrency exchanges are intermediaries that stimulate the buying and selling of cryptocurrencies, usually in exchange for a fee. Exchanges function to trade, speculate or convert existing value with other instruments like digital assets and ultimately fiat currency. Exchanges form a huge part of the cryptocurrency economy, as they form a key component in the sector's growth. Several exchanges have popped up since the advent of Bitcoin. One of the first was Mt. Gox, initially formed as a trading card exchange…

The use of Ethereum has risen explosively within the previous couple of years. The ICO bubble at the end of 2017 and most of 2018 was the major root of the blockchain’s utility. This also perpetuated an unsustainable uptrend regarding the price action of Ethereum. There was a shift towards the end of 2018 as regulatory measures hit ICOs worldwide, thereby largely halting the trend. However, as decentralized finance (DeFi) which allows users to offer and receive peer-to-peer loans using their…

The renowned cryptocurrency exchange Binance is now supporting Great Britain Pounds (GBP) trading pairs on its main exchange, just two days after announcing a UK-based trading platform. On June 19, Binance announced the availability of 5 new trading pairs. The pairs to go live at 10:00 am (UTC) on June 19 include BTC/GBP, ETH/GBP, XRP/GBP, BNB/GBP and GBP/BUSD. “Binance will open trading for BTC/GBP, ETH/GBP, XRP/GBP, BNB/GBP and GBP/BUSD trading pairs at 2020/06/19 10:00 AM (UTC). Please note: The GBP is a national currency and does…

The advancement in technology has improved transparency and accountability in many sectors to reduce cases of corruption.  These days, the money funded to steer development projects can be tracked up to the last coin, but has it been able to curb corruption? Criminals still find their way to carry out their illegal dealings. Blockchain technology provides an efficient way of curbing corruption in government institutions as well as private institutions alike.  This article focuses on how blockchain technology can help…

Over the previous couple of years, XRP has been struggling to have a remarkable upside increase while several larger cryptocurrency assets were able to recover most of their losses. The performance of XRP is such that it is still on the downside by about 95 percent from its highs. The cryptocurrency boom observed towards the end of 2017 propelled XRP to the upside, attaining price levels as high as $3.80. However, the rally was not sustainable as it encountered a huge resistance…