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COVID-19 pandemic has brought economic difficulties to the world and the poorest individuals are most hit. This is why organizations, firms and individuals are reaching out to those who need help. Companies offering services related to cryptocurrency and some individuals in the cryptocurrency space have been trying their best to help those in need. For example, cryptocurrency companies like Binance, BitMEX and the Stellar Foundation have launched such initiatives. Cryptocurrency exchange based in Mexico, Bitso, has collaborated with the crowdfunding platform Donadora towards the launch of…

Visa is planning the development of its digital currency on a blockchain as it filed an application with the U.S. Patent and Trademark Office. The application by the financial giant was filed on November 8 last year and based on an application released May 14, inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent for a digital currency recorded on a blockchain and controlled by a central entity computer. The…

Cryptocurrency projects and businesses worldwide are awaiting cryptocurrency regulations from the government. Some nations are yet to consider the prospect of cryptocurrency going mainstream while some such as the Netherlands have been embracing the nascent technology and are taking measures to ensure its prosperity. Nevertheless, the changes coming to space due to the regulations are affecting some participants. A few months ago, the apex bank of the Netherlands announced the regulation of firms providing cryptocurrency services starting from January 10…

Recently, Coinbase carried out a research calling Bitcoin a blue-chip asset. It was reported that its position as a blue-chip asset is still undisputed and there is a trend where bull markets exhibit rising traction among alternative assets. The report says this may be due to several reasons, but majorly has to do with psychology. Investors seem more willing to consider altcoins during bull runs, like the time the market dominance of Bitcoin declined beneath 30 percent on Coinbase during…

Due to the rising number of reports on investment scams related to digital currency focusing Pacific communities, the Financial Markets Authority (FMA) and Commerce Commission in New Zealand have launched an awareness campaign. “We saw the OneCoin pyramid scheme proliferate through Pacific social and community groups. Last year the FMA also reiterated its warning that Skyway Group (or SWIG) may be involved in a scam and was targeting Pacific groups. Investment scams fall under the remit of the FMA, while…

The chief executive of payments company Square and social networking platform Twitter, Jack Dorsey, is mapping out how smartphone features continue to pressure bank branches. The growth of fintech and the expansion of the cryptocurrency space will keep accelerating the digital world of moving money with more onramps, options, integrations and ease of use. This is why the future of local bank branches is questionable and financial professionals are showing concern and suggesting solutions. Dorsey spoke at the 48th Annual…

In recent times, the blockchain-based payment network Ripple said it was looking for an individual to occupy the position of a “Director of Product Management, Loans.” The company posted the job opening on its official website some time ago, with a description that shows its plan to introduce a new loan product to assist its users with working capital loans. “RippleNet traditionally served its customers with a cross border payment offering, however Ripple is expanding into loans.  This person will bring a…

Bitcoin reward halving has happened and the bull market should be ready to swing into action. However, the recent rally’s volume profile could bring about declining moves which might suggest Bitcoin returning to an extended seller market. It is commonly said in the traditional markets that volume precedes price, but Bitcoin traders may not be familiar with it. This means smart money usually takes positions early, which does not always reflect price movements. Rather, trading volume can offer an early…

Bitcoin’s third block reward halving was completed on May 11 at the 630,000th block and the spot price incurred awesome bullish and bearish pressures as the F2pool miners took the last block reward of 12.5 BTC. Following the halving, Bitcoin Cash and Bitcoin SV networks recorded serious declines and this led to widespread speculation regarding a similar trend for Bitcoin. Nevertheless, it seems Bitcoin’s network is stronger than its forks. BCH and BSV networks recorded a great decline in hash rate after their halving which happened on…