Tech

Leading US cryptocurrency exchange Coinbase is facing a lawsuit for the sales of XRP on its platform. This lawsuit comes on the back of the fallout on Ripple, the issuers of the XRP token. Coinbase Allegedly Gained Unfair Advantage over rivals. Coinbase has been accused in a class-action lawsuit of receiving commissions from illegal XRP sales. The plaintiff, Thomas Sandoval, claims that Coinbase knew that XRP was a security under US federal securities law. The lawsuit further claims that Coinbase…

Binance Korea, a Binance platform specifically dedicated to South Korean residents, will end operations next month. A closure that comes only 9 months after the launch of the platform. Binance Leaves The  South Korean Market Binance Korea, made the announcement in a press release today. Registrations and deposits of funds are already closed, and withdrawals will be possible until January 29, 2021. The platform claimed to have difficulty operating due to lack of liquidity and low volume of transactions. Binance Korea…

SBI Holdings has acquired the U.K.-based cryptocurrency trading firm B2C2 via its wholly-owned subsidiary, SBI Financial Services. While the acquisition amount was not disclosed, the deal comes a few months after the Japanese conglomerate acquired a minority stake of $30 million in B2C2, which earlier this year said it would expand its business into prime brokerage services.  Since the two companies partnered in July, SBI has been providing its clients access to B2C2's platform, and the firm's trading volumes have…

A new report from crypto exchange Coinbase reveals that Ethereum still maintains a significant advantage over its rivals. The report took a close look at the smart contracts market and made comparisons between Ethereum and other competitors in the space. First Mover Advantage The report begins by stating that Ethereum domination over the smart contracts sector is similar to that of Bitcoin in the crypto space. Like Bitcoin, this dominance is due to the first-mover advantage that each project had…

American insurance firm Massachusetts Mutual Life Insurance (MassMutual) has revealed the purchase of $100 million worth of Bitcoin (BTC). According to reports from local media, MassMutual made the Bitcoin purchase via the New York Digital Investment Group (NYDIG). Besides, NYDIG agreed to sell a minority stake to MassMutual in a deal worth around $5 million. NYDIG is a top Bitcoin financial services company and has over $2 billion digital assets in its custody. MassMutual is considered one of the US's…

Romania conducted its national election yesterday, 6 December 2020, and the country adopted blockchain technology to boost the transparency and traceability of the electoral process.  The blockchain solution was implemented into Romania’s IT systems and applications used in the parliamentary elections as a complementary solution to guarantee the IT systems' integrity.  Increasing Voters Confidence Using blockchain ensures that no one, including the administrators, can alter or modify the data recorded during the election.  The application was proposed and developed by…

Bitcoin embarked on a rally in the last 24 hours after facing a correction and dipping below a key support level. Over the past week, Bitcoin has failed multiple times to surpass the $19,500 resistance level as it looks to make the next push in the bullish run. Most buyers have been waiting for the leading coin to make a breakout rally, but it has largely followed swing trading. Sellers have taken advantage of this and made significant profits, which…

The current Bitcoin (BTC) bull run has been remarkable, with the leading coin surging in recent weeks and hitting milestones. Bitcoin recently broke its all-time high, and bets are open when it finally crosses the symbolic $20,000 mark. Different Reasons Unlike In 2017 influence Bitcoin Bull Run Although Bitcoin is hitting similar highs of 2017, the bull run is different, according to Pierce Crosby, CEO of TradingView. In a recent interview, Crosby shared his thought on the current bullish run…

Crypto.com has announced that it would be expanding its debit card services in Australia. According to a press release issued today, the exchange revealed that it had secured an Australian Finance Service License (AFSL) via the acquisition of The Card Group Pty Ltd. A Major Milestone For Crypto.Com Crypto.com further stated that securing the license was a major milestone and highlighted its commitment towards local regulatory frameworks. The AFSL license enables Crypto.com to issue cards to Australian residence and expand…