Bitcoin exchange-traded fund (ETF) continues to be the most eagerly awaited decision from the U.S. SEC. In the U.S., eight firms have tried without success since 2013 to create a bitcoin ETF. SEC has been hesitant to approve the Bitcoin ETF, while other countries have embraced and launched it. Recently, Canada’s securities...
Bitfinex announced on Friday, 5th Feb, that it repaid the remaining balance of $550 Million of the outstanding revolving loan to Tether. A per the announcement, the remaining loan along with the interest was paid out in fiat currency wired to Tether’s bank account in Jan 2021. Tether opened a...
Today’s trading landscape is primarily dominated by a few large players, predominantly Coinbase, Kraken, Bithumb, Huobi, Bitfinex, and Binance. While centralized trading has been widely popular, it’s not the new financial ecosystem most crypto enthusiasts and entrepreneurs are hoping to achieve. With Decentralized finance (Defi) gaining ground in 2020 and...
Central Bank of France announced the results of a central bank digital currency (CBDC) transaction conducted on Dec 17, 2020. It involved the use of smart contracts to enable issuance, circulation control, and redemption of fund units on IZNES’ private blockchain. As part of the experimental program, ten transactions totally...
Given the recent SEC filing against Ripple Labs Inc, Kraken is halting XRP trading for U.S. users. The restriction is only for U.S. users and they have time until Jan 29, 2021, to liquidate any open XRP spot positions. According to the announcement released on Friday: After Jan 29, Kraken...
The public consultation for the digital euro has been concluded. The online survey which was launched on 12 Oct 2020 and concluded on 13 Jan 2020 was responded by more than 8000 citizens, firms, and industry associations. The data from the survey shows that privacy of payments ranked highest among...
Fibonacci retracement levels indicate where the price might find support or resistance. They are based on Fibonacci numbers and each level associates a percentage. Traders attempt to use them to determine critical points where an asset’s price momentum is likely to reverse. What Fibonacci Retracement Levels Tell You? Fibonacci retracements...
There are trillions of web pages, however, gathering the information that matters to the users is a challenge. Current websites typically have static information or user-driven content, such as forums and social media. While this allows publishing information to a broad group of people, it may not cater to a...
The ex-CEO of infamous Japanese Bitcoin exchange Mt Gox – Mr. Mark Karpeles urged the Illinois U.S. District Court federal judge on Monday not to certify a class suit from plaintiff Mr. Gregory Greene that claims Mr. Karpeles misrepresented the exchange’s safety, security, and operation in the “terms of use”...
After years of waiting, the trustee on 15th Dec submitted the draft Mt Gox rehabilitation plan to the court. The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings as per the draft rehabilitation plan. Background: Mt Gox...
