Regulation

Based on the Reverse Bank of Australia's (RBA) presentations conducted in the presence of a senate, queries in light of the established technologies assimilated by the financial institution were made and followed concerns raised based on introductions of the digital dollar of Australia. The primary function that is expected to establish the utilization of the digital AUD is focused on facilitating faster transactions that are done explicitly by major commercial institutions and even corporate companies in the Australian region.  Submission…

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, revealed a report stating his own opinions concerning BTC and its related future adoption race framed within the cryptocurrency domain. His thoughts were directed at the rise in the value of the cryptocurrency in the year. The report focused immensely on two primary factors that aided Bitcoin in its parabolic rise between hurdles ranging between $9,000 to $10,000. The report stipulated these factors based on supply and store value. These were primarily based on the fixed supplies, and the second factor…

Qatar Financial Centre, QFC, says Qatar residents can no longer utilize any virtual asset, including cryptos, this year. The new law bans whatever is of value, acting as a substitute for currency, capable of getting traded or transferred digitally, and usable for payment or investment purposes. There will be no promotion of any invention within the features above, even if they are not blockchain-based. For instance, gift cards and coupons have the characteristics described by the new law. In this…

Last year, there was an exponential growth in the number of rooms booked through Travala.com. A recent report shows that another milestone got crossed the previous month. From November to December, the number of bookings rose by 15%. Additionally, at the same time, the average price per room night inclined by approximately 16% as the bookings peaked. Also, over 60% of the bookings last month got paid with cryptos. Some of the Cryptos Travala Customers Used for Payment Travala customers…

Following recent research and analysis, the use of Segregated Witnesses (“SegWit”) has immensely increased in light of Bitcoin transactions conducted. This is all based on the reviews by various sources that are inclusive of SegWit.Space, stating an increase in the adoption of the protocol, which ranges up to 66% of Bitcoin transactions. Also, the records show that towards late last year, there was a significant upsurge ranging from about 40% in September to a steady yet close 60% in October. …

The Multicoin Capital joint founder, Kyle Samani, has lately made comments on BTC progress, following his tweet about the upcoming Bitcoin halving event, made on 4th January this year. His thoughts on the halving event clearly exclaimed and stated that the "TLDR- is extremely bullish," Following this remark, he predicted possible volatility to be visible within the two months before or after halving. In his tweet, he exclaimed and commented on the matter related to the halving, with concerns based…

An ICO approval by the AMF (‘Autorité des marchés financiers) illustrated some conditions a few days ago that was primarily in line with regular best practices all around the globe. It also elaborated on the basic facts that show the urgency and necessity of having simple rules and regulations that govern space activities in cryptocurrency.  The rules set in place function concerning the provision of secure issuing of digital assets, ensuring the issuers are in complete compliance with the primary standards and procedures…

Following laws and amendments made by the United States regarding bill preparation on stablecoins, concerns related to various technologies and firms interested in cryptocurrency creation are raised.  The House committee drafted legislation proposed on 15th of July 2019, focuses on Libra by Facebook, and primarily restricts these large technology firms from operating practices similar to financial institutions. The large technology firms implied in the draft legislation are majorly the online platform service providers who are minimum annual revenue earnings approximate…

At the start of the year 2020, Ripple unlocked funds valued at $192 million from its escrow. Whale Alert caught the recent XRP tokens consignment by scanning data from the XRP. Consignment refers to an installment of a pre-planned release plan that Ripple started in 2017. Ripple officials revealed in a blog post that the firm’s plan to lock up 55 million XRP, releasing funds every month within 55 months. The plan aims at incentivizing investors to maintain interest and…