Cryptocurrency exchange Bitfinex has allegedly paid back another $550 million to Tether, thus now covering more than 100 percent of its $750 million loan facility they took two years ago. The stablecoin printer started to repay the loan in July 2019 by transferring $100 million to Tether’s reserves. Bitfinex stated […]

Chinese city Suzhou is set to airdrop 30 million yuan ($5 million) to citizens in the latest round of digital yuan tests. This was revealed by the regional government yesterday in a press release informing citizens of the distribution. 150,000 Recipients to Receive Digital Yuan The giveaway is expected to […]

The cryptocurrency market experienced significant growth in 2020 due to a jump in institutional adoption. Major financial firms around the world started diversifying their investment portfolios with the accumulation of crypto assets. Bitcoin, the world’s largest cryptocurrency jumped more than 300% in 2020 and breached the $20,000 level. Ethereum and […]

A growing number of options traders are sitting on large unrealized losses following Ether’s (ETH) latest price surge, highlighting once again the volatile, unpredictable nature of the cryptocurrency market.  Pankaj Balani, CEO of Delta Exchange — a St. Vincent-based cryptocurrency derivatives platform — told Cointelegraph that he has observed “a lot of […]

United States Congressman, Tom Emmer (MN-06), has commissioned a research report from the Law Library of Congress on February 3, 2021. The report details how cryptocurrency is taxed in various jurisdictions. Rep. Emmer says he thinks the U.S. still has a chance to lead the rest of the world in […]

After some gruesome research of digging through age-old articles, a complete infographic was created to visualize the 10-year process that cryptocurrency casinos went through in the last decade. The research was done by BitcoinCasinosReviews, a relatively new kid on the block for crypto casino related websites. The idea behind the […]

BNP Paribas reported its financial results for 2020 today. The overall revenues remained stable at €44.2 billion as operating expenses dropped 3.6% compared to 2019. Net income dropped to €7 billion, which is down 13.5% compared to 2019. According to the official numbers, the bank faced several challenges due to […]

Circle and the Stellar Development Foundation (SDF) announced that the second-biggest stablecoin is now available within their network. USD Coin (USDC) is accessible through five integrated wallets, and it can be tradeable on their ecosystem, said the USDC issuer. Stellar Has Been the Official Chain of USDC Since October 2020 […]

Ripple started a fresh increase above the $0.4000 resistance against the US Dollar. XRP price is likely to accelerate further higher if it clears the $0.4650 resistance. Ripple is up over 15% and it broke a major resistance near $0.4200 against the US dollar. The price is trading well above […]