All About CryptoCurrencies – Not Just About Bitcoin Anymore!

Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

By Nicholas Price | October 6, 2021

  On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for being hypocritical toward blockchains…

Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos

Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos

By Nicholas Price | September 15, 2021

Interactive Brokers, one of the largest online brokerage firms, has announced today it is offering cryptocurrency trading services in alliance with Paxos. Users of the platform now have a complete suite of cryptocurrency trading options, along with traditional trading offerings like stocks and bonds. The company recognized the importance of digital assets for traders to…

Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million

Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million

By Nicholas Price | September 15, 2021

Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore…

Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’

Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’

By Nicholas Price | August 11, 2021

According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus…

Singapore to License Digital Payment Providers, Approves Crypto Exchange

Singapore to License Digital Payment Providers, Approves Crypto Exchange

By Nicholas Price | August 8, 2021

The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized…

SEC chair wants robust crypto regulatory regime for the US

SEC chair wants robust crypto regulatory regime for the US

By Nicholas Price | August 3, 2021

  Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in the U.S. in a Bloomberg interview, stating, “If somebody wants to speculate, that’s their choice, but we have a role…

Crypto.com enables withdrawals of USDC for users worldwide

Crypto.com enables withdrawals of USDC for users worldwide

By Nicholas Price | August 3, 2021

  The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive United States dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform launched support for USDC deposits, following a new partnership…

US–Japan digital trade deal should include crypto: American think tank

US–Japan digital trade deal should include crypto: American think tank

By Nicholas Price | July 29, 2021

  Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United States and Japan to include crypto in the bilateral digital trade agreement between the two nations. In an opinion piece published in the Nikkei Asia on Wednesday, Rand Corporation analysts put forward arguments supporting their…

Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

By Nicholas Price | July 29, 2021

  A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of…

One tenth of Russians ready to get salaries in digital ruble, report says

One tenth of Russians ready to get salaries in digital ruble, report says

By Nicholas Price | July 28, 2021

  Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that few Russians are ready to accept salary payments in the digital ruble. Almost half of the Russian respondents strongly objected to receiving salaries in the digital ruble in a new survey by local recruitment site…