While exchanges have always been a popular off-ramp for illicit cryptocurrency, they’ve taken in a steadily growing share since the beginning of 2019. Last year, the U.N. shared a similar view suggesting cryptocurrencies have become a popular choice by criminal organizations and sanction countries alike to bypass sanctions. Now a...
In 2019, a total of $2.36 billion trade volume was executed on Ethereum-based decentralized exchanges (DEX). According to the analytics site Dune, IDEX leads with $853 million in trade volume followed by Oasis $498 million and Kyber $388 Million. # DEX 2019 Trading volume (in $) 1 Idex 853,457,336 2...
After continued five years of negative rates imposed by the European Central Bank, some banks in Germany now have passed-on the charge to their retail clients for all their savings in the account. Earlier many banks pass on the ECB’s charges only to large corporations or wealthy clients, and for...
Big tech companies are swiftly planning to move to the financial sector. With Google’s checking accounts to Facebook’s digital currency, the traditional banking system will face direct competition with the tech companies. They may lose ground to the tech companies due to falling behind on digital innovation. However, given the...
The political atlas, as we all know, is divided into two brief categories. One category contains the countries that have reached an incredible level of Human Development Index (HDI) – a compound indicator of life expectancy, education, income per capita, and fertility rates. The populations of such countries, in general,...
A new business area opened up for German banks. Starting in 2020, German banks can sell and have custody of Bitcoin and other crypto-assets. Earlier German banks were not allowed to offer their customers access to crypto assets. Now after the German federal council clearance, banks can provide their customers...
Europe is planning to build an improved instant payment system to overcome the dominance of US-based payment providers such as Visa, Mastercard, PayPal, etc in Europe. To overcome this threat, the European central bank (ECB) aims to roll out a pan-European instant payment by the end of 2021. Source: Reuters....
Many don’t associate cryptocurrencies with things such as video games, but the coins have already tapped into some of our most beloved games and it seems they’re not about to go anywhere. Esports fans have already been given cryptocurrencies to play within a popular MOBA game, called League of Legends,...
The collapse of Lehman Brothers in 2008 triggered the global financial crisis. To combat, central banks cut the interest rates to near zero. A decade later, interest rates still remain low in most countries. With no room to further cut rates, some central banks have implemented unconventional policy measures, a...
€400 million was decided to be funneled into AI and blockchain projects in Europe. The decision was made by the European Commission as well as the European Investment Fund. The investment is going to put the European Union in a leading spot in terms of funds invested in the blockchain...
