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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,…

The BTC/USD price rose over $9.4k and $9.5k, reaching a fresh high in 2020, $9569. However, the price is currently revealing signs of a downside retracement. Yesterday, BTC/USD was over $9.2k support, extending its upward move over the $9.4k zone barrier. It proceeded to the upside over the barrier at $9.5k and reached a fresh yearly high at $9569. However, the buyers could not stay over $9.5k. A Look at the BTC/USD Hourly Chart The BTC/USD hourly chart reveals this…

At the beginning of the year 2020, Virgil Griffith, an ethereum researcher, got accused due to traveling to North Korea and purportedly aided the country to evade sanctions. Griffith got arrested by the FBI last year for allegedly traveling illegally to North Korea. Prosecutors said that Virgil Griffith used blockchain and cryptocurrency to assist North Korea in evading sanctions. He got charged with violating the International Emergency Economic Powers Act. On the 30th of January 2020, NK news reported that…

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…

On the 28th of January, the Payment Services Act of Singapore allowed crypto-related firms to apply for operating licenses. Additionally, the Act provides a regulatory framework for dealing with crypto-trading and digital payments operations. The Monetary Authority of Singapore, MAS, is in charge of regulation for crypto payments services, domestic transactions, and merchant regulation, which outlines the Act. Similarly, the MAS is also in charge of mitigating cyber-security risks and establishing controls to deal with the funding of terrorism and…

On the 28th of January, a press release confirmed that the Ethereum foundation gave a $650k grant to Nimbus. The grant is for Nimbus to continue working on light Ethereum 2.0 clients. The project aims to allow smartphones and other embedded devices to handle smart contract capable nodes. In March 2018, Status launched Nimbus as an infrastructure project. The Ethereum Foundation and Gitcoin contributed to the project’s funds. Ethereum Foundation also contributed an aggregate of 1.65 million USD. Initially, the…

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…

BTC/USD recently upsurge over the significant barrier at $8.8k and eventually rose over $9k, and currently, buyers are focusing on testing $9.5k. Yesterday, the price inclined over the critical barrier at $8.8k, and the hourly SMA to land in a more favorable area. The price rose by almost 5% in the previous three sessions and then proceeded higher over the $9k. This week, BTC/USD formed a fresh high to around $9145; however, the price is beginning to drop. The initial…

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…