Leading cryptocurrency exchange, Binance has partnered with Akbank, one of Turkey’s most forward-thinking banks to provide the first direct bank channel integration for instant fiat deposits and withdrawals, according to a press release shared with Cryptopotato. Starting today, the integration will allow Turkish users on the Binance trading platform to instantly deposit and withdraw the Read more…
The electricity used to power the Bitcoin network is enough to power the Czech Republic more than once over. New figures by a PwC researcher have shown that the Bitcoin network uses more electricity to keep it running than the Czech Republic, a European country with a population of over 10.5 million people. The process Read more…
For years, crypto financial services firms across the U.S. have been trying their hand at launching publicly-traded Bitcoin funds (ETFs). Unfortunately for these hopefuls, the U.S. Securities and Exchange Commission (SEC) has long not agreed with these firms’ assertions that the cryptocurrency market is ready for its own regulated, tradable fund. This was confirmed to Read more…
With the Bitcoin and crypto revolution accelerating, interest in retirement-focused investment is growing. Whereas long-term savings is always a good idea for anyone seeking financial security, the unique nature of blockchain assets requires greater care and understanding to ensure success. Do Your Research With such a rapid pace of development and adoption, seeking to apply Read more…
Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months. Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023. Bitcoin At $250,000 Draper has been quite optimistic regarding the Read more…
Japanese remittance service SBI, has become Ripple’s primary partner to launch an xCurrent-backed remittance app named MoneyTap. SBI & Ripple will provide remittance services to Thailand, Vietnam, and other nations using a consortium of partner banks and Ripple’s xCurrent Distributed Ledger technology (DLT). SBI Holdings, Inc. Financial Results January 31, 2020 “SBI Remit’s transaction volume Read more…
Japanese multinational group Sony has invested in Securitize through its venture capital fund SFV・GB L.P, which is co-managed by Sony Financial Ventures (SFV) and Global Brain. Securitize is a blockchain-oriented firm that helps businesses issue compliant security tokens. Sony Joins Nomura, MUFG, and Santander to Invest in Securitize The latest investment by SFV・GB an extension Read more…
A large Ethereum gathering in the US next month is attracting some big named sponsors as BP adds its name to the list. ETH prices have remained bullish cracking $180 for the first time in ten weeks. Ethereum Event Getting Noticed The ETHDenver event scheduled for February 14-16 has cemented itself as one of the Read more…
The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation Read more…
Social media giants are no longer opposing the power of decentralization and bitcoin technology. Instead, they are embracing it to solve the problems of a centralized Internet and put the power back in people’s hands. Bitcoin Decentralization ‘could unload some of their burdens.’ Since Bitcoin’s inception, many in the financial and technology sectors saw Bitcoin Read more…