Business

10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

[ad_1] An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries.The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to change its operations anyway. Already well-suited for securely transferring units of value around the
EXCHANGES

Crypto-Based Commerce Spikes 65% in 7 Months

[ad_1] Commerce fueled by cryptocurrencies has once again started to grow. Data collected by blockchain forensics company Chainalysis shows a significant increase of volume in the first half of the year. The positive change coincided with the remarkable market recovery that followed last year’s prolonged crypto winter. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat $5.5 Million of Crypto Used in Commerce Daily After a string
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How Crypto Winters of Bitcoin’s Past Compare to Today

[ad_1] Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Slide Again, Making Traders
Business

Zcash Creator Donates Company Trademark to the Zcash Foundation

[ad_1] Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation.ECC and the Zcash Foundation have been in negotiations since AugustUpon an agreement signed on Nov. 6, the Zcash Foundation will be financially responsible for costs associated with assigning and protecting the trademark.Announcing the news,
BUY/SELL

Why Did Bitcoin Price Drop Below $9,000? A Pivotal Weekend Ahead

[ad_1] Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average which has been acting as support since reclaiming it in the final week of October.Almost all other crypto-assets have also suffered a valuation loss against the U.S. dollar, but there has been some resilience shown in both Ether (ETH) and EOS, which have continued to outperform
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Holders of the Digital Yuan Will Not Be Paid Interest

[ad_1] China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week. Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat China’s Semi-Blockchain
BLOCKCHAIN

Malaysia to Impose Cash Transaction Limit of $6K in 2020: Report

[ad_1] Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial institutions or other entities transacting for humanitarian aid purposes.The average Malaysian household spends $1,900 per monthAbdul Rasheed, the deputy governor in question who works for Bank Negara Malaysia
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Arweave Raises $5M Round Led by a16z, Multicoin Capital, and Union Square Ventures

[ad_1] Arweave is one step closer to its mission of being “new Library of Alexandria” thanks to a successful fundraising round led by a16z, with participating investors such as Multicoin Capital and Union Square Ventures.  Arweave aims to create a sustainable “permaweb”, which is essentially a decentralized and permanent version of the web where content is immutable and can’t be lost.  “[Arwave’s mission is] ensuring that humanity’s shared knowledge and
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Five Reasons Why Bitcoin Price is Crashing Right Now

[ad_1] Bitcoin price first dipped a toe under the $9,000 mark, then went on to erase profit positions gained since the dramatic rally at the end of October. The slide took BTC to $8,780.84 as of 15:25 GMT on Friday, with plenty of leeways to drop as the weekend hovered with lower volumes. Here are five reasons why this happened.  Bitcoin Whales Calling Quits Crypto exchanges saw outflows in the