Business

Nevermind the Stagnating Market, Binance Is Pushing Further in Its Expansion

[ad_1] Sept. 15 came with the announcement from the Binance co-founder and CEO Changpeng Zhao (also referred to as ‘CZ’): One of the largest global crypto exchanges will start testing a crypto-fiat exchange in Singapore.While no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar. A closed beta testing was conducted on Sept. 18., after that CZ shared a hope the platform could
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All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

[ad_1] Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.Market visualization from Coin360After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day.Bitcoin is also up
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Collaboration With PNC Leads to XRP Surge

[ad_1] In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients.Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients.According to initial reports, xCurrent will allow PNC clients to receive payments instantly, which will change the way companies
Business

From Adoption to FOMO: Reasons Behind Ripple’s Leap

[ad_1] Over the past week, altcoin Ripple’s (XRP) price has gone through the roof. It has seen an unprecedented 140 percent growth over the past seven days, up almost 63 percent in the past 24 hours alone, trading at around $0.61 at press time.XRP has gone as far as to beat Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap (returned to the third spot by
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Bitconnect’s Tentacles From Texas to Gujarat

[ad_1] An American musical preludeBitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to the fleeting 2011 Broadway musical “Wonderland,” based on the dizzying impossibilities of Alice’s adventures in Lewis Carroll’s celebrated novel.Silver Miller’s first class action complaint was filed on behalf of six defrauded Bitconnect investors in late January, just weeks
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Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

[ad_1] Saturday, September 22: crypto markets have seen a mix of red and green, with Ethereum (ETH) having passed Ripple (XRP) to come back to be ranked the second top cryptocurrency by market cap, according to CoinMarketCap.Market visualization from Coin360After surging up to $6,809 earlier today, Bitcoin (BTC) is slightly down over the past 24 hours, having traded below $6,700 over the past few hours. The leading cryptocurrency is down
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Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

[ad_1] The largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future, Bloomberg reported September 21.Chief Executive Officer of Grupo XP Guilherme Benchimol told Bloomberg that the company will launch an exchange called XDEX in the coming months, with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various business models.XP
Business

US Congressman to Introduce Bills Supporting Blockchain Technology, Cryptocurrencies

[ad_1] U.S. Rep. Tom Emmer (R-MN) is planning to introduce three bills to support blockchain technology and cryptocurrencies, according to a press release published September 21.The three upcoming bills are entitled the “Resolution Supporting Digital Currencies and Blockchain Technology,” the “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.”The legislation is focused on the support and development of blockchain technology, as well as the establishment
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Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October

[ad_1] Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21.Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point 72 has offices in New York City, Hong Kong, Tokyo, Singapore,
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Lambos, Bling and Mansions — What Purchases Do Crypto Millionaire Make

[ad_1] One of the most hotly debated topics around cryptocurrencies is what people can actually purchase with Bitcoin and its altcoin brethren.With Bitcoin’s 10th birthday just around the corner, it's worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC.We have certainly come a long way since the infamous Bitcoin pizza incident, where Laszlo Hanyecz ordered two pizzas from