Cryptocurrency

Following the comments by the European Central Bank policymaker, Jens Weidmann, the ECB has no urgent needs in the creation of a digital currency at the current moment. Based on the reports of the ECB in December 2017, "Exploring anonymity in central bank digital currencies," a new report explained the primary functions of the Central Bank Digital Currency.  Its research focuses on contribution motive towards the border discussions of the ECB chains. The Accenture and R3 features presented in the…

Bitcoin is the most renowned cryptocurrency worldwide, and many people are adopting this coin daily. This digital coin is getting massive adoption, especially in areas with prevalent financial hardships. Latin America is experiencing a financial struggle, mostly in Venezuela and Argentina. Venezuela and Argentina are facing high-end inflation, and hence the demand for Bitcoin is also high. The trading volume of Bitcoin in these regions is high; similarly, LocalBitcoin statistics also appear quite incredible. Comparing Argentina and Venezuela’s Bitcoin Adoption…

The ministry of power in India is offering blockchain training across various cities in the country, with its government’s permission. People will learn about blockchain technology, its applications, smart contracts, cryptocurrencies, and mining. The ministry arranged a program known as Blockchain Technology, which will hold at various NPTI locations. Three of the training will happen in January, February, and March in Nangal, New Delhi, and Shivpuri. The NPTI is in charge of the program, and the All India Council for…

Antonio Guterres recently commented on the necessity of the United Nations to adopt blockchain technology. Guterres thinks that blockchain technology should be one of those utilized by the organization. According to him, blockchain adoption is vital for improved delivery of the organization's mandate in the digital age for the accelerated success of Sustainable Development Goals. Guterres, the secretary-general of the organization, is highly speaking of blockchain technology. His High-level Panel on the Digital Cooperation approach purposely places blockchain technology on…

The cryptocurrency industry is experiencing challenges from governments and regulators. A renowned internet entrepreneur, Kim Dotcom, recently forecasted a massive crackdown within the United States cryptocurrency industry. Dotcom warned that cryptocurrency might become illegal in the US. The regulatory agencies in the US are keeping a close leash on the cryptocurrency industry in the country. However, Bitcoin, to be specific, is facing the most scrutiny than praise in the country. Kim Dotcom is the founder of Megaupload and hugely supports…

Crypto investors highly depend on crypto exchanges due to their liquidity, convenience, and provision of trading pairs. Cryptocurrency exchanges convert digital coins and are custodians and lenders through the provision of funds for margin trading. Even though crypto exchanges offer convenience, security remains a concern. Traders entrust their funds to these platforms using hot and cold wallets. Nevertheless, hacking threats in crypto exchanges are extreme. A large number of cryptocurrencies are genuinely secure because they depend on distributed ledger technology…

On 16 December, CipherTrace noted that major banks could be processing a maximum of 2 billion dollars in crypto-related transfers in its press release. However, these yearly earnings are never detected. CipherTrace is a blockchain intelligence company, and according to it, about ten major commercial banks in the US have unregistered crypto businesses; that use their payment networks in processing funds. The press release also pointed out that these unregistered crypto money service businesses (MSBs) are entities like cryptocurrency exchanges.…

SEBA Crypto AG, a crypto-focused banking firm based in Switzerland, has expanded its services to nine new nations. The startup aims to offer the crypto industry with banking services that it has lacked for a very long time. SEBA made this move after it received a Swiss banking license. It was obtained in August and started full operations just a month ago. It named the new countries like Austria, Portugal, Singapore, France, Germany, Hong Kong, Netherlands, United Kingdom, and Italy…

The crypto space is often regarded as a hectic environment. This is because cryptocurrencies and blockchain are still coming-of-age industries with much trial and error. However, what is lesser known to outsiders is the variety of simple passive income opportunities available in the space. Outlined below are different ways of earning passive income through crypto: Dividends, Buybacks, and Coin Burns Some coins give returns to their owners just for HODLing them. The mechanics behind this can differ from blockchain to…