Technology

Bitcoin price touches another 2020 all-time high at $17,000.

On Tuesday, bitcoin's price is hovering just above the $17k zone, and the crypto asset's market cap is around $315 billion at the time of writing. The price of the leading cryptocurrency hit another yearly high with the constant...

Crypto firms are still not being compliant with FATF guidelines, says FATF deputy.

Last year the Financial Action Task Force (FATF) asked jurisdictions worldwide to adopt its virtual assets' regulatory guidelines. At the V20 conference today, held online, David Lewis—executive secretary and G20 deputy at the organization—gave an overview of how implementation...

Crypto exchange giant Binance discontinues its GBP stablecoin.

Crypto exchange giant Binance is ending its GBP stablecoin, BGBP, which is tied 1:1 to the British pound. The discontinuation takes place tomorrow, more than a year after Binance first listed the stablecoin in July last year. The crypto...

MIT’s Computer and Science research team says blockchain-based voting is not reliable.

According to a recent report from researchers at the Massachusetts Institute of Technology's Computer Science and Artificial Intelligence Laboratory, relying on blockchain voting technology is not a reliable means of promoting greater turnout and may increase hackers' risk of...

Former CFTC chairman and pro-crypto Gary Gensler joins Joe Biden’s transition team.

US President-Elect Joe Biden has announced the appointment of former CFTC chair Gary Gensler to his transition team, in a move that could benefit the role of cryptocurrency and blockchain sectors. The former CFTC chief will join Joe Biden's...

Deutsche Bank’s research team believes CBDCs will replace cash in the long run.

In its latest edition of the "Konzept" periodical, published Tuesday, the Deutsche Bank said the coronavirus pandemic has accelerated the use of digital payments over cash, and the trend will eventually lead to CBDCs taking over cash. According to Marion Laboure,...

Crypto exchange KuCoin recovers more than half of funds lost in the $280 million hack.

Crypto exchange KuCoin has successfully recovered as much as 84% of the funds lost to hacks in September, in an encouraging sign for those customers affected by the theft. In September, the crypto exchange was hacked to the tune...

PayPal enables US customers to buy, sell, and store bitcoin.

The online payment processor giant announced yesterday that all "eligible PayPal account holders in the United States can now buy, hold, and sell cryptocurrency directly with PayPal." The original statement's update reads that users can interact with digital assets...

BitPay launches BitPay Send to allow businesses to issue mass crypto payments.

Crypto payment services provider BitPay has launched a new blockchain-powered mass payout platform BitPay Send. BitPay Send would allow businesses to issue mass crypto payments around the world. BitPay Send would allow businesses that do not want to handle...

South Korean payment firm Danal announces to accept cryptocurrency.

South Korean fintech payment firm Danal announced to accept cryptocurrencies. Danal claims to be the first major payment service in South Korea to accept cryptocurrency. CEO Ted Hwang says its Paycoin app, which was launched last year, is "one...

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Chinese digital yuan trial to be held in Suzhou as the central bank gears to roll out the CBDC.

Suzhou is to become the next city to trial China's digital yuan, as the People's Bank of China prepares...
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