Business

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

[ad_1] Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.It’s still in Alpha, but Valiu has partnered with Latin America food delivery app Rappi, which could offer a large user base to help with adoption when it’s rolled out in full later this year. Synthetic USDOn April 23, Valiu chief executive Simon
Business

Huobi Token Approved in Japan As Regulators Improve Protections

[ad_1] Huobi Token has become the first international exchange token approved by Japanese regulators, after the Financial Services Agency (FSA) approved HT as a compliant crypto asset able to trade in the world's second largest digital asset market from May.Only 25 other tokens have been approved on the FSA’s whitelist at this point as Japan tightens up regulations to better define crypto assets.Last year, the Japanese House of Representatives revised
Business

Community Fraud Site Tracks 8.5M XRP Lost to Giveaway Scams

[ad_1] The Ripple Army has sent more than 8.5 million XRP to known fake airdrops and YouTube giveaway scams in the past year, according to a new community site set up to combat fraud on the blockchain.XRP data aggregator xrplorer, which is still in beta, posted the data to Twitter on April 23, said that XRP holders had withdrawn six million tokens in 2019 and sent them to addresses associated
BUY/SELL

BTC Pre-Halving Pump in Play as Bitcoin Price Surges Toward $8,000

[ad_1] After trading in the $6,900 to $7,250 range for more than 19 days, Bitcoin (BTC) price finally managed to pierce the $7,250 resistance in a high volume surge which resulted in the liquidation of nearly $70 million worth of shorts at BitMEX. BitMEX XBTUSD Liquidations. Source: Skew.comThe strong upside move allowed the digital asset to secure a higher high at $7,738, a price not seen since before March 13 when
EXCHANGES

This Stunning Headline Proves Why Crypto May Perform Well in 2020

[ad_1] Crypto’s fundamental value has long been questioned by its cynics. They cite Bitcoin’s “slow” transaction speeds, the Ethereum DAO hack, and other “shortcomings” in the industry as reasons to claim that this asset class has no future. But, the macroeconomic landscape is developing to a point where crypto, especially Bitcoin, is making so much sense in today’s tumultuous world. Bank of Japan Signals Interest in “Unlimited” QE Despite the
EXCHANGES

Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations

[ad_1] Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain that the Fed’s monetary policies will lead to hyperinflation in the U.S. Now that the petro-dollar is on its last leg, market analysts are
Business

Blockchain Platform Partnership Allows Rewards Points Consolidation

[ad_1] Rewards points Blockchain platform, MiL.k Alliance, has coupled up with South East Asian travel accommodation platform, Yanolja, for rewards points compatibility and usage."The integration with South Korea’s fastest growing online travel agency means that Yanolja members can now connect the Yanolja app to the MiL.k app, providing the ability to earn rewards and participate in MiL.k promotions," said a statement provided to Cointelegraph. MiL.k makes rewards points less cumbersomeEarning rewards
EXCHANGES

Here’s What’s Driving a Bitcoin Buying Frenzy Amongst Retail Investors

[ad_1] On-chain data suggests that retail Bitcoin investors are currently engaged in a buying frenzy This comes close on the heels of the crypto’s terrifying plunge from $8,000 to $3,800 – which has since been followed by an unwavering uptrend The strength Bitcoin has shown in the face of massive macroeconomic weakness may be bolstering investor sentiment The capitulatory plunge that Bitcoin took on March 12th was historic, with the
Business

Upbit Extends Its Partnership With Chainalysis for Enhanced Crypto Compliance

[ad_1] Chainalysis announced the extension of its cooperation with South Korean crypto exchange Upbit today, aiming to provide blockchain analysis support across the Asia-Pacific region (APAC).According to the announcement, Upbit APAC will start using Chainalysis KYT (Know-Your-Transaction) to provide a safe trading environment and comply with the established procedures in the region’s different countries.As South Korea’s regulation oversees Upbit Korea’s operations, the crypto exchange hopes to become ever more compliant.Strengthening
BLOCKCHAIN

Coinbase Emerges as a Major DeFi Contender With Price Oracle Launch

[ad_1] Coinbase is trying to fix the broken DeFi industry with stable price oracles.In an April 23 announcement, Coinbase introduced the Coinbase Price Oracle — “a critically important service to the DeFi ecosystem” that will be available through the CoinbasePro API. Both existing ways are worseCoinbase contends that the two existing approaches to price data feeds for DeFi — “published signed data” from a centralized source or using a price feed