REVIEWS

PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

[ad_1] Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances. The RippleNet blockchain is one
REVIEWS

Binance to Launch US Platform Soon, Helped by a Little-Known Partner

[ad_1] Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.”In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still “in flux” regarding the platform’s planned operations in the U.S. CZ noted that the U.S. has
REVIEWS

Coinbase Defends Against BCH Lawsuit From Users, Case Ongoing

[ad_1] Cryptocurrency exchange Coinbase, launched in 2012, is considered to be one of the largest exchanges operating in the United States — and the most trusted. However, an alleged wrongdoing back in December 2017, caused a long court procedure, the outcome of which is still vague and uncertain. It’s all fun and games until a hard forkOn March 1, 2018, an Arizona citizen and trader named Jeffrey Berk filed a lawsuit
REVIEWS

Binance KYC Breach — Did It Happen, and If So, Who’s to Blame?

[ad_1] On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the firm’s Know Your Customer (KYC) data (10,000+ personal photos). The hacker is reportedly demanding a total of 300 Bitcoins (worth around $3.5 million) from the exchange, or else he or she will release all of the data.Also,
REVIEWS

Philippines’ UnionBank Launches Payments-Focused Stablecoin

[ad_1] In a bid to drive greater financial inclusion, Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso.A report from PhilStar Global on July 26 revealed that the new, bank-backed cryptocurrency —  dubbed PHX — is being implemented on UnionBank’s i2i platform. Rural banks and Philippines’ main financial networkI2i is an acronym for island-to-island, institution-to-institution, and individual-to-individual and is the name given to the blockchain-based clearing system that
REVIEWS

US Commodity Futures Trading Commission Rehires Advisor From Coinbase

[ad_1] The United States Commodity Futures Trading Commission (CFTC) has announced that it is hiring Andrew L. Ridenour as senior counsel to the chairman. Up until recently, Ridenour worked at the major cryptocurrency exchange Coinbase.CFTC Chairman Tarbert unveiled Ridenour and others as new hires on July 17, commenting that the “counsel and expertise of my team will be essential to our efforts to keep our derivatives markets vibrant and hold
REVIEWS

Tether Stablecoin to Run on BlockStream’s Liquid Network Sidechain

[ad_1] Tether is now running on a sidechain of Bitcoin’s blockchain. While Tether has traditionally operated on the Omni Layer of Bitcoin, the U.S. dollar-backed stablecoin has begun spreading to other blockchain protocols this month.Most recently, Tether is now being offered on blockchain company BlockStream’s Liquid Network sidechain, according to an official announcement on July 29.According to the announcement, Liquid-based Tether — called Liquid USDT — is being offered immediately
REVIEWS

‘Chems_USA’ Pleads Guilty to Bitcoin-Enabled Dark Web Opioid Conspiracy

[ad_1] A Florida man has pled guilty to participating in a multi-million dollar Bitcoin-enabled drug dealing conspiracy and money laundering.According to a July 25 press release from the U.S. Attorney’s Office of the Southern District of New York, the defendant, Richard Castro, pled guilty to money laundering and to conspiracy to distribute three controlled opioid substances over both the dark web and via encrypted emails.Castro — who operated under multiple
REVIEWS

CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission

[ad_1] Initial coin offering (ICO) consultant CoinLaunch has agreed to pay $50,000 to the Ontario Securities Commission (OSC), according to documents published on the regulator’s website dated July 24.According to commercial litigator and former programmer Evan Thomas, CoinLaunch was consulted on two ICOs, BCZERO (raising funds for a Czech off-road truck racing team) and ECOREAL (raising funds for a Portuguese resort), both of which were found to be securities. CoinLaunch
REVIEWS

Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

[ad_1] Sunday, July 28 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, at the same time that Bitcoin (BTC) fell below the $9,600 mark.Market visualization courtesy of Coin360Bitcoin is currently down by 5.2% on the day, trading at $9,538 at press time, according to Coin360. Looking at its weekly chart, the coin is down by 12.68%.Bitcoin 7-day price chart. Source: Coin360The Bank of