Leading Cryptocurrency data provider, CoinMarketCap has launched a new metric – Liquidity to rank exchanges. Announcing the development on Nov. 12, CoinMarketCap sees its new metric ‘Liquidity’ to replace dependence on exchange reported volumes, which is often inflated from wash trading practices. “We believe our adaptive methodology will make our...
Bitcoin mining manufacturer Canaan will ring the bell at Nasdaq on Nov 20. Canaan Inc filed for a U.S. Initial Public Offering (IPO) on Oct. As per the filing, the company plans to target a $400 million capital raise. Canaan shares are expected to be listed under the symbol “CAN”...
Bakkt launches its enterprise-grade custody service. Announcing the development in a blog post, the firm said that now clients can use the Bakkt warehouse to safeguard their Bitcoin assets. Previously, the Bakkt provided custody only to clients trading the Bakkt Bitcoin Futures contracts. Among the first to choose the Bakkt...
Recently one of Lightning Labs developer Joost Jager revealed a proof of concept ‘Whatsat’, a permissionless private messaging built on Bitcoin’s lightning network. Unlike other encrypted messaging apps, Whatsat is a decentralized messaging platform where users own and maintain the infrastructure. Lightning network currently scales Bitcoin payments and used for...
MoneyGram, one of the world’s largest money transfer companies currently processes 10% of its U.S-Mexico transaction volume through Ripple’s On-Demand Liquidity (ODL) platform. Ripple’s On-Demand Liquidity (ODL) platform leverages on XRP cryptocurrency as a bridge for cross border payments. MoneyGram Chairman and CEO Alex Holmes announced the news at Ripple’s annual...
Digital innovation is transforming economic activity by creating simplicity and accessibility. In recent years with technological advancements, a shift in general public payment patterns has emerged. Less use of cash is opening up a number of questions concerning traditional money (cash) continuity in the future. This has led the central...
A few days back, the price of bitcoin exhibited a bearish momentum falling to an almost staggering $7,300. Many anticipated Bitcoin was on the verge of another downfall. Fortunately, the Bitcoin market soared from $7,300 to $10,500 in the days after Chinese President Xi Jinping expressed his support for blockchain,...
More details about China’s digital currency have been revealed. As per the official, holders of the currency would not receive interest payments.
Stablecoin including Facebook-initiated Libra could come under securities market regulation principles and standards. The conclusion of applying securities rule to stablecoin was decided in a meeting on 30th October in Madrid by the Board of the International Organization of Securities Commissions (IOSCO).
The U.S. federal reserve is researching on blockchain and digital currencies to innovate the retail payments. According to the job posting published on Nov 4 by Fed careers, the U.S. federal reserve is looking for a person to manage its retail payment section as well as research on digital innovation...
