It is now possible to purchase Bitcoin on Dropbit wallet through Apple Pay or Google Pay. This news was announced in a Medium post by Coin Ninja on November 5. Prior to this announcement, Dropbit was only used to send and receive Bitcoin, which can be done by using just the phone number of the … Continue reading Bitcoin Purchase Made Possible By Dropbit Through Apple Pay and Google Pay
Reporting on allegations made against Tether’s parent company iFinex, Tether has released follow up comments to deny any wrongdoing in the market. The USDT backed stable coin quickly published responses stating, Tether and its affiliates have never used Tether tokens or issuances to manipulate the cryptocurrency market or token pricing. All Tether tokens are fully backed … Continue reading Tether Deny Bitcoin Bull Run Manipulation
As stated by a local news outlet, the Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain. In the course, Yang was being arrested to help in the investigation of the patent of Bitmain he allegedly infringed upon and if found guilty, … Continue reading Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese publication, Xinhua, reports that blockchain technology will reach $2 billion in 2023, and blockchain development in China is expected to increase by a compound annual growth rate of 65.7% from 2018 to 2023. A study conducted by American intelligence firm, IDC, stated that a large proportion of China’s blockchain spending was headed towards the … Continue reading Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023
Chaintope, a Japanese blockchain startup, has developed a public blockchain protocol known as Tapyrus to tackle some of the governance issues currently being witnessed in the blockchain space. For instance, some of the challenges noted in public blockchains include privacy concerns and sluggish transaction speeds. These considerable constraints have, therefore, made many companies opt for … Continue reading Chaintope Establishes Public Blockchain Protocol to Overcome Governance Challenges
The former US Commodity and Futures Trading Commission (CFTC) Chairman continues to fight for the US Dollar to become a digital global force. Chris Giancarlo, known in the crypto community as “Crypto Dad” was one of the few in the office to issue cryptocurrency services into the American Markets. Bitcoin and other crypto futures markets … Continue reading The Digital Dollar Continues to be Pushed by Former CFTC Chair
Ledger Holdings, Inc., the parent company of LedgerX, feels pressure from the United States Commodity Futures Trading Commission (CFTC) after it has been reported that LedgerX physically settled Bitcoin futures products have not been approved. The CFTC continues to push for regulation and full approval before any crypto company wishes to offer commodities trading to … Continue reading LedgerX Co-Founders Put on Leave Following US CFTC Scrutiny
Naturally occurring public goods (e.g., water, forests, beaches) are often thought of as “free” public utilities—we do not expect to be “charged” for their use. People also tend to think of these public goods as virtually unlimited and we therefore rarely concern ourselves with the limited supply or providing equitable access and fair allocation of … Continue reading ConsenSys Proposes Tokenization to Leverage Impure Public Goods
CoinMarketCap’s new “Liquidity” metric is coming down hard on exchanges that harbor wash traders. Wash trading is a process whereby a trader buys and sells an asset for the express purpose of manipulating trading volume and feeding misleading information to the market. In some situations, wash trades are executed by a trader and a broker … Continue reading CoinMarketCap Puts Wash Traders On Notice With New Metric
The growing popularity of crypto assets has left many Certified Public Accountants (CPAs) contemplating how to best account for them under Generally Accepted Accounting Principles (GAAP). The American Institute of CPAs (AICPA) has not been oblivious to the rapidly changing digital assets ecosystem and has even released a practice aid to help in crypto accountancy … Continue reading AICPA Publishes a Practice Aid for Digital Assets