Digital Financial News
05.02 / 03:09
Digital
Ripple
XRP
coinbase
NOT
Why is Coinbase Not Adding New Currencies Right now?
Last week, when popular digital currency exchange Coinbase announced that it would not be updating its list of cryptocurrencies on offer at this point in time, ripple seemed to deflate. The value of XRP had soared at the end of the year, launching ripple into the number two spot for cryptocurrencies by market cap. On the news from Coinbase, though, XRP saw its value fall once again, dropping back below $3 per coin and causing the digital currency to slip into the third position on the list of largest virtual currencies by market cap. Why is it that Coinbase is not adding any new coins to its list of offerings at this time, particularly when interest in cryptocurrencies is continuing to build?
05.02 / 03:09
Blockchain
Digital
coinbase
acquires
Coinbase Acquires ID Startup, Distributed Systems
Leading cryptocurrency exchange Coinbase has announced the acquisition of Distributed Systems, a San Francisco-based startup that is working on decentralized identity solutions. As a part of the acquisition, the five-person team at Distributed Systems will join the group at Coinbase involved in building identity solutions. Coinbase did not reveal the terms of the deal.
05.02 / 03:09
Digital
coinbase
Bitcoin
Coinbase 2017 Revenue Topped $1B: Recode
Coinbase, one of the world's largest cryptocurrency exchanges, brought in a fortune last year thanks to the exploding popularity of digital coins.
05.02 / 03:09
Blockchain
Digital
Google
Why Google is Building its Own Blockchain
Alphabet Inc.’s Google (GOOGL) is working on a blockchain-related technology that is aimed at supporting cloud business, according to Bloomberg News.
05.02 / 03:09
UPS
Digital
Bitcoin
Thai Central Bank Developing Own Digital Currency
If you can’t beat them, join them. Unable to control the growing popularity and adoption of cryptocurrencies, which mostly remain outside of the purview of central banks and other regulatory authorities, it seems that central banks across the globe are gradually opening up to embrace the phenomenon. The latest to explore launching its own cryptocurrency is the Bank of Thailand (BoT). (See also: Can Bitcoin Kill Central Banks?)
05.02 / 03:09
Facebook
Digital
Platform
Facebook (FB) Hopes to Launch Digital Currency in 2021
Facebook, Inc. (FB) is hoping to launch its cryptocurrency next year. David Marcus, head of Facebook Financial, or F2, told audiences at the Singapore FinTech festival that he hoped the company could participate in changing the financial services industry by launching Diem, Facebook's proposed digital currency for use on its social network, and Novi, the accompanying wallet for its Libra blockchain, on its platform.
05.02 / 03:09
Ethereum
Digital
Extreme
Bitcoin
Bitcoin Total Value to Hit $1.2T in '18: Fundstrat
Bitcoin's massive sell-off this week hasn't stopped one of its most well-known bulls from reiterating his extremely upbeat take on the future of the digital currency. Thomas J. Lee, the head of research at Fundstrat Global Advisors, was one of the first from the traditional financial world to go bullish on the cryptocurrency, while others expressed skepticism on its extreme volatility. Now the analyst expects bitcoin, the world's largest cryptocurrency by market capitalization, to approximately double its total value to over $1.2 trillion by the end of 2018.
05.02 / 02:19
Blockchain
Lowe's
Digital
Winter Olympics
Low
China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash
After eight years of guesses, discourse, and conflicting reports, China’s digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February.
05.02 / 01:13
markets
Adoption
Digital
virtual reality
Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher
The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale.
04.02 / 22:35
Blockchain
Digital
Winter Olympics
Reserve
Federal Reserve Bank of Boston and MIT report on Project Hamilton’s first phase
As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the USA.
04.02 / 21:00
Digital
Citizens
United States: Bill to reduce crypto tax on transactions reintroduced as use cases increase
As the asset class has gone considerably mainstream over the past few years, countries worldwide are struggling with the formation of a clear crypto tax regime, especially as the dynamics and use cases of the industry continue to evolve.
04.02 / 18:19
Provident
Digital
Remark
Bitcoin
Indian
Investment exec explains why Indian govt wants to ‘tax the hell’ out of crypto
India‘s Budget announcement was a mixed blessing, as some appreciated the clarity regarding taxes on crypto. However, others are strongly against the 30% tax on the transfer of digital assets. Amidst diverse opinions and strong emotions, investment analyst Anthony Pompliano shared his take on India’s update.
04.02 / 17:23
Blockchain
BLOCK
Digital
Progressive
Boston Fed makes digital dollar code progress
The researchers investigated two possible code bases, both of which exceeded speed and throughput requirements.The first, DLT-based, architecture processed transactions through an ordering server which organises fully validated transactions into batches, or blocks, and materialises an ordered transaction history. It completed over 99% of transactions in under two seconds but the ordering server resulted in a bottleneck which led to peak throughput of approximately 170,000 transactions per second.
04.02 / 16:37
Provident
Digital
Citizens
NOT
India: Despite tax ‘legitimacy’, here’s why a ‘crypto ban’ is still not off the table
Soon after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, Economic affairs secretary Ajay Seth has said that even a ban is still not off the table. Cautioning about risks of virtual assets, he stated in an interview,
04.02 / 13:08
Blockchain
Digital
Software
Bitcoin
Alberta
crypto sector
Canada's Alberta Sees Growth in Crypto Sector
Alberta, Canada’s most oil-rich province, is seeing growth in the crypto industry to diversify its economy.
04.02 / 07:29
Digital
regulation
coinbase
Japanese government considers relaxing strict coin listing rules
The Japanese government is considering a proposal to make it easier for registered crypto exchanges to list digital assets in the local retail trading market.
04.02 / 06:59
Provident
Digital
Crypto Conversation: Budget 2022 –The tax treatment of crypto and other digital assets
Ravi Mehta and Amrita Bhatnagar Hopes rode high as Finance Minister delivered her fourth Budget on February 01, 2022, with one of the key expectations being to provide clarity on the locus standi of digital assets built through crypto and block-chain technologies. These transactions had garnered massive interest especially in the last one year in India, with current ownership exceeding 100 million in numbers and $5 billion by value, as per select public domain reports.
04.02 / 02:23
Digital
NASDAQ
Stock indices
Bitcoin
‘Unprecedented’ correlation between top cryptos and U.S. stocks, is there need to worry
There’s a growing correlation between virtual assets and financial markets. Before the pandemic, crypto-assets such as Bitcoin and Ether showed little correlation with major stock indices. But this changed after the extraordinary central bank crisis responses of early 2020. Crypto prices and U.S. stocks both surged amid easy global financial conditions and greater investor risk appetite.
03.02 / 20:47
03.02 / 20:25
Blockchain
Ethereum
Twitter
Digital
safe
These rules by this NFT creator could keep digital artworks safe from hackers
One of many sectors that boomed exponentially within the cryptocurrency sector last year was that of non-fungible tokens (NFT). Its growth in sales volume from just around $94 million in 2020 to $24.9 billion in 2021 is a clear indication of the same. However, emerging financial markets are always at the risk of falling prey to criminal elements, and NFTs have been no exception.
03.02 / 19:59
UPS
Digital
Fighting
play
Call of Meta: Play 2 Earn NFT Battles for Making Money
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
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