Blockchain is the underlying technology behind cryptocurrencies. Unfortunately, as this technology evolves, people are developing new ways to misuse and perform malicious actions. The 51% attack or a majority attack is one of them, which refers to a situation in which a miner or a group of miners gain control of more than 50% of […]

Davos, Switzerland, Monday, January 22, 2024- Top bankers gathered behind closed doors at the World Economic Forum in Davos this week, voicing concerns about how nimble fintech companies are disrupting the industry. Executives from major institutions like JPMorgan Chase and Barclays, according to sources. The gathering, attended by approximately 60 global financial CEOs, was led […]

On June 15, 2023, BlackRock’s application for SEC approval of a spot Bitcoin ETF set a pivotal precedent, inspiring numerous other financial institutions to follow suit and resubmit their own applications for similar offerings.The first part of this article Bitcoin ETF: Its Journey Ahead, provides a comprehensive overview of BlackRock, Howey Theory, the SEC, and […]

What exactly is a Blockchain Bridge? Blockchain, by nature, is closed off and exists as an isolated ecosystem. This is a major bane for the development of the blockchain industry as a whole, as it prevents the pooling of resources and achieving synergy. Imagine a blockchain bridge as a virtual connection that allows different blockchain […]

Brussels, August 31, 2023: Global interbank messaging service provider Swift announced that its experimental operation using blockchain technology based on the Cross-Chain Interoperability Protocol CCIP of Chainlink was a success. The Swift CCIP Chainlink experiment started in June 2023. It was announced in a press release on June 13, 2023, and the results were announced […]

BEIJING, Monday, June 24, 2024- China is urging the European Union to scrap its planned tariffs on Chinese-made electric vehicles (EVs) before July 4, according to state media reports. The tariffs, set at up to 38.1%, were imposed by the EU while it investigates claims of unfair subsidies to Chinese EV manufacturers. Beijing is wary […]

Introduction Coinbase, a leading cryptocurrency exchange platform, has announced a significant milestone in its ongoing efforts to become the most trusted and user-friendly platform in the crypto economy. The company has unveiled an expansion of its supported fiat currencies, providing institutional customers with a broader range of payment options and trading pairs. This move aims […]

SAN FRANCISCO, Friday, June 28, 2024- Cryptocurrency exchange Coinbase is suing the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after both agencies denied requests for public records, the company announced Thursday. “Coinbase, Inc., the largest digital-asset trading platform in the United States, retainedHistory Associates Incorporated to submit Freedom of […]

The Effects It Will Have on the Uptake of Web 3  The phrase Web3 refers to the next internet paradigm in which users may communicate with decentralized applications (dapps) that operate on blockchain networks. Transparency, security, privacy, and ownership of data and assets are just a few of the benefits that Web3 provides. Web3 does, […]

Washington, Friday, June 28, 2024-President Joe Biden and presidential candidate Donald Trump did not discuss cryptocurrency during their 90-minute debate on Thursday, despite significant contributions from crypto lobbyists.((cointelegraph.com: Many crypto enthusiasts and investors expected crypto would be one of the highlight points in the Trump-Biden debate. The June 27 debate, hosted by CNN, covered topics […]

Imagine a market where you usually go to buy groceries. Multiple vendors will sell different types of goods, and they may have their own union or a local government body to regulate and oversee operations. Each vendor has their own prices, supplies, reputation, and quantity. What if there was a marketplace for digital assets where […]

Cryptocurrencies are digital or virtual currencies that rely on cryptographic systems for their operation. They offer a means of conducting secure online transactions without the need for intermediaries such as banks or payment processors. Every single transaction made in the realm of crypto is meticulously recorded on distributed, tamper-proof ledgers called blockchains. Imagine a giant, […]

MENLO PARK, Calif. Friday, June 7, 2024- Online brokerage Robinhood has acquired a cryptocurrency exchange Bitstamp for a reported $200 million, defying ongoing scrutiny from the Securities and Exchange Commission (SEC) regarding its own crypto offerings. “Robinhood Markets, Inc. has agreed to acquire Bitstamp Ltd., a global cryptocurrency exchange. Bitstamp was founded in 2011 and […]

Shanghai, Tuesday, December 19 –  The Bank of China’s Shanghai branch had successfully executed a 100 million yuan ($14 million) e-CNY CBDC settlement received from overseas for gold through the Shanghai Financial Exchange International Board. A spokesperson for the Bank of China stated that the account will contribute financial strength to support Shanghai’s in-depth implementation […]

Frankfurt, Germany, Tuesday, January 09, 2024- The European Central Bank (ECB) has issued five separate calls for applications to establish framework agreements with potential providers of components and related services for a digital euro, if and when it is launched. This move marks a significant step in exploring the development of a central bank digital […]

Little Rock, Ark. Monday, January 222, 2024 – US-based Panacea Financial, a fintech company specializing in financial services for doctors and medical practices, secured $24.5 million in Series B funding to fuel its strategic growth within the doctor community. This investment from global venture capital fund Valar Ventures will significantly expand Panacea’s reach and offerings. […]

Wednesday, June 19, 2024 – HSBC Bank in China recently announced that it would offer e-CNY services to corporate clients, according to report. The corporate clients are allowed to connect their bank accounts with digital yuan accounts for asset management, a statement said. Nord Anglia Education Group, a Chinese school management company in London, has […]

PoH is a newly developed consensus mechanism engineered by Anatoly Yakovenko, the founder of Solana Labs. Solana’s PoH is all about making sure that in a blockchain, the order of events matters as much as the events themselves. To do this, it uses a tool called Verifiable Delay Function (VDF) to record when each event […]

NEW YORK, Thursday, June 20, 2024 – A proposed $30 billion settlement between Visa, Mastercard, and merchants to limit credit and debit card swipe fees is in jeopardy of being thrown out by a federal  judge. US District Judge Margo Brodie in Brooklyn signaled her intention to reject the agreement during a hearing on Thursday, […]

LONDON, Monday, May 27, 2024- The London Stock Exchange (LSE) will commence trading for exchange-traded notes (ETNs) based on Bitcoin (BTC) and Ether (ETH) tomorrow Tuesday, May 28, 2024. It is important to note that participation in this market will be limited to professional investors. The London stock Exchange announced in March. The move follows […]

TYSONS CORNER, Va. Friday, June 14, 2024- Business intelligence company MicroStrategy announced plans to raise $500 million through a private offering of convertible senior notes. The company intends to use the proceeds to acquire more Bitcoin and for general corporate purposes. Due in 2032, the notes will be offered to qualified institutional buyers and convertible […]

LAGOS, Nigeria, June, Thursday 27, 2024 – Nigerian authorities have issued a 30-day deadline for cryptocurrency companies operating in the country to re-register under a new regulatory regime. The Securities and Exchange Commission (SEC) announced the directive on Thursday, aiming to bring greater oversight to the growing cryptocurrency industry in Nigeria. Details regarding the specific […]

Hong Kong, Tuesday, January 30- The Annual WikiFinance Expo Hong Kong will be held on May 17, 2024, at Sky100, Hong Kong, WikiFinace’s website announced recently. Registrations are still open. The annual event will cover Fintech, Blockchain, Crypto, Web 3.0, Metaverse, NFT, GameFi, and AI. More than 3,000 participants are expected, while more than 50 speakers […]

Islamabad, Pakistan, Tuesday, January 9, 2024– Pakistan recently adopted a blockchain-based Know Your Customer (KYC) platform for its financial institutions, a move aimed at enhancing efficiency and security, news reports said. Developed by Avanza Group in collaboration with the Pakistan Banks’ Association (PBA), the platform, known as “Consonance,” offers advantages over traditional KYC methods. Consonance […]

San Jose, September 12: Global online payment giant PayPal unveiled a new capability on September 11, enabling web3 merchants in the United States to accept cryptocurrency payments from their customers. The feature, known as “PayPal On and Off Ramps,” seamlessly integrates with PayPal’s existing service that permits U.S. consumers to purchase and trade cryptocurrencies backed […]

Understanding Privacy Blockchains and Their Role in Data Security Data security is a top issue for both individuals and corporations in the modern digital era. Privacy Blockchains, or privacy-focused blockchains, are one new technology that could be considered a possible solution to this problem. Blockchains for privacy are decentralized networks that protect the integrity and […]

New York, October 20, 2023: The US Securities and Exchange Commission (SEC) on October 20 agreed to dismiss its lawsuit against Ripple Labs, Inc., the company behind the XRP cryptocurrency. The SEC had alleged that Ripple sold XRP as an unregistered security, but the company has denied the allegations. The settlement between the SEC and […]

Singapore, Wednesday October 4 — Ripple and Coinbase, two of the world’s leading cryptocurrency companies, have received licenses to operate in Singapore. The Monetary Authority of Singapore (MAS) announced on October 3, 2023 that Ripple and Coinbase had been granted Major Payment Institution (MPI) licenses. This license allows companies to provide a wide range of […]

NEW YORK, October 12, 2023 — Caroline Ellison, the former CEO of Alameda Research, testified on Thursday, October 12, against Sam Bankman-Fried in the FTX lawsuit in a federal court. Ellison is a cooperating witness in the government’s case against Bankman-Fried, who is charged with fraud and money laundering in connection with the collapse of […]

WASHINGTON, DC, Friday, May 24, 2024- In a surprise move, the Securities and Exchange Commission (SEC) on Thursday, May 23 approved applications for several spot Ethereum ETFs (exchange-traded funds). The approval applies to exchange listings from Nasdaq, CBOE, and NYSE. The move follows months of delays and a lack of clear guidance from the SEC […]

GENEVA/LONDON, Monday, June 24, 2024-Central banks in Europe took divergent paths last week with the Swiss National Bank (SNB) lowering its key interest rate for the second time this year, while the Bank of England opted to hold rates steady. The SNB cut its policy rate by 25 basis points to 1.25%, citing a further […]

ANKARA, Turkey, Tuesday, January 16, 2024 – Turkey is nearing the final stages of technical studies for establishing crypto asset regulations, Finance Minister Mehmet Şimşek said on Wednesday, January 10, 2024, at a public gathering. Şimşek stated that the government aimed to finalize the technical studies “within the next few months,” indicating a potential swift […]

Curve Finance is an exciting, decentralized finance (DeFi) protocol that empowers you to effortlessly exchange stablecoins within the Ethereum ecosystem. Now, you might be wondering, what exactly is DeFi? It stands for decentralized finance, and it’s all about financial freedom! DeFi is a groundbreaking concept built on secure distributed ledgers similar to those used by […]

New York, NY, Friday, June 28, 2024-In a move signaling broader acceptance of cryptocurrencies, VanEck, a New York-based investment firm, filed a proposal with the Securities and Exchange Commission (SEC) to launch the first-ever U.S. exchange-traded fund (ETF) for Solana (SOL). The VanEck Solana Trust, if approved, would offer investors direct exposure to SOL, the […]

California, September 12: Global Payments giant Visa announced in early September that it would expand its stablecoin capabilities to the Solana network. Visa made the announcement on September 5, 2023, regarding its expansion of stablecoin settlement functionalities by incorporating Circle’s USDC on the Solana blockchain. Solona’s price jumped in the first week of September following […]