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Matrixport Launches New Crypto Products with Fixed Income Investment and the Flexi-Term Investment Product

SINGAPORE – On 18th May 2020, Matrixport will introduce the Fixed Income Investment Product and the Flexi-Term Investment product, where asset security is protected by a risk control mechanism by real crypto assets guaranteed by excess pledge. Matrixport is launching two new additions to their assortment of cryptocurrency asset management products and services, the Fixed … Continue reading Matrixport Launches New Crypto Products with Fixed Income Investment and the Flexi-Term Investment Product

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York. Xinyuan Group is an NYSE-listed Chinese real estate company dedicated to the development of blockchain technology. According to the official release, Binance … Continue reading Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

The Australian state of New South Wales is exploring a “flexible” regulatory reform for blockchain and other emerging technologies in the state. The proposed blockchain regulation reform is being pushed by New South Wales’ Department of Treasury and the proposals were published in a research paper released by the department on Tuesday, July 28. As … Continue reading New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain

Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar

The Federal Reserve Bank of Boston has partnered with the Massachusetts Institute of Technology (MIT) to research the feasibility of cryptocurrencies co-existing with fiat currencies. As reported by the Boston Herald, the partnership will stir the two institutions to study the blockchain technology that enables cryptocurrencies to be traded. Jim Cunha, Senior Vice President at … Continue reading Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar

Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

Blockchain analysis company Chainalysis has disclosed that cryptocurrency assets valued at nearly $50 billion left China in 2019. The exit of wealth via crypto shows the likelihood of investors evading capital transfer restrictions in China, according to Bloomberg. Annual limit of $50,000 China has stringent rules as its citizens are only permitted to transfer about … Continue reading Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019

G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

According to an official report released by the Financial Intelligence Unit (FIU) of Mexico, the G7 banking sector comprising of major banks Santander, BBVA, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa—was the most prone to money laundering operations, despite being the most regulated. Who is most at risk of money laundering? Banks connected to exchange activity were also as highly ranked in … Continue reading G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence

Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven

Federal Reserve Chair Jerome Powell has announced the United States central bank’s new measures to control inflation, in a speech that could have long-term implications for the Bitcoin price and cryptocurrency. The much-anticipated speech on inflation control by Federal Reserve Chair Jerome Powell took place via webinar at the Jackson Hold symposium on Thursday, Aug … Continue reading Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven

Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Darknet digital marketplace Empire Market appears to have exit scammed and made off with a hefty profit of 2,638 Bitcoin (BTC). Empire Market disappears without a trace This translates to approximately $30 million USD, and users who have feared yet another distributed denial-of-service (DDoS) attack and a potential exit scam appear to have had their fears confirmed. Earlier this week, darknet behemoth Empire … Continue reading Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Veteran Analyst Peter Brandt Exited Stocks and Bitcoin Portfolio, Returned To US Dollar

Commodity trading veteran Peter Brandt recently cashed out all his Bitcoin, forex, and stock holdings that constituted his portfolio and moved his assets back into home US currency. The trading legend sold his portfolio in Bitcoin, the foreign exchange market, and stocks and moved the assets into US dollars right before the all-round market and … Continue reading Veteran Analyst Peter Brandt Exited Stocks and Bitcoin Portfolio, Returned To US Dollar

Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam

This year, Ethereum has outperformed Bitcoin on more than one aspect, displaying one of the most bullish momentums on the market for its price run. But Ethereum (ETH) experienced a flash crash recently, dropping to a low of $315 over the weekend, after hitting its 2020 high of $487 last Wednesday. The second-largest cryptocurrency by … Continue reading Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam