Category Archives: Cryptocurrency News

SEC and Ripple will not be able to resolve ongoing disputes out of court

The US Securities and Exchange Commission (SEC) and Ripple will not be able to settle the current proceedings out of court due to changes in the SEC leadership. Recall that in December the SEC filed a lawsuit against Ripple, accusing it of selling unregistered securities in the amount of $ 1.3 billion. Ripple CEO Brad Garlinghouse disagrees with the regulator’s accusations and called this lawsuit an “attack” on the entire cryptocurrency industry. Amid these events,…

ECB board member spoke about the risks of the digital euro for banks

The ECB board member spoke about the risks for banks that will arise in the event of a possible launch of the digital euro. However, government cryptocurrency design will help eliminate most of these. At the ECB’s online seminar last week, European Central Bank board member Fabio Panetta outlined three potential types of risks to banks from the EU’s state cryptocurrency, the digital euro, if issued. The first possible risk is the rejection of the…

NFT transactions exceeded $ 250 million in 2020

According to NonFungible and L’Atelier, non-fungible token transactions (NFTs) have grown from $ 62 million in 2019 to over $ 250 million in 2020. The number of active wallets increased by 97%. NFTs are unique ERC-721 digital assets serving as collectible items, from game cards to luxury goods. The NFT market has seen astonishing growth in the past year. The use cases for non-replaceable tokens have expanded, the number of buyers is growing, and many…

Craig Wright compared Bitcoin to the Ponzi scheme

Australian entrepreneur Craig Wright has once again announced that he is the creator of Bitcoin and compared the first cryptocurrency to a pyramid scheme. In an interview with The Times, the self-proclaimed Bitcoin creator likened the first cryptocurrency to Bernard Madoff’s $ 65 billion Ponzi scheme. “The price goes up because people pay. But it never lasts forever. Good old Charles Ponzi did it too. And Mr. Madoff … In the end, people leave. ”…

Blockchains LLC will begin construction of a smart city in the Nevada desert in 2022

Blockchains LLC is stepping up its plans to build a blockchain smart city in the Nevada desert east of Reno. The company first came up with this idea in 2018. In an interview with the Associated Press, Blockchains LLC CEO Jeffrey Berns said he asked the state of Nevada to allow it to form local government on the 67,000 acres the firm owns in Storey County. If his petition is successful, the company will be…

Nervos launches $ 5 million fund to finance DeFi projects

Chinese project Nervos has launched a $ 5 million fund to support cryptocurrency firms and decentralized finance (DeFi) projects. The Nervos management announced that the fund was created to provide grants to firms working in financial technology and blockchain. Specifically, Nervos intends to provide material support to developers building decentralized exchanges, platforms for issuing synthetic assets and lending solutions. Priority will be given to those projects that seek to interact with multiple blockchains. Grant recipients…

Crypton Exchange: Trade CRP without KYC and Limitations with Utopia P2P

A fully integrated Crypton Automated Exchange (CRP) is launched in the Utopia Peer-to-Peer (P2P) Ecosystem by a group of independent developers supported by 1984 Group. Crypton Exchange offers users the best cryptocurrency trading experience: automatic and anonymous account registration; no commission or low commission model; automatic unlimited withdrawal of funds; resistance to censorship; community chat; genuine attention to user feedback. Automatic registration of anonymous account As with the Utopia P2P ecosystem itself, you only need…

RBC Capital Markets: “Apple needs to buy more BTC and develop a cryptocurrency exchange”

Analysts at investment bank RBC Capital Markets believe that after launching its own cryptocurrency exchange, Apple will be able to earn more than $ 40 billion a year. Apple’s market cap is around $ 2.3 trillion. Analysts have compared Apple to payments company Square, which was founded by Twitter CEO Jack Dorsey. Square bought 4,709 BTC for $ 50 million in October. According to RBC Capital Markets analyst Mitch Steves, Square’s quarterly revenues from cryptocurrency…

AMF Chairman Calls on European Regulators to Ease Blockchain Requirements

Chairman of the French Financial Markets Authority (AMF) Robert Ophèle said European regulators should reconsider their attitude towards DLT and blockchain. Ofel said this at the 5th Annual Conference on Fintech and Regulation. The AMF Chairman urged financial supervisors to take a new approach to regulating blockchain-based financial instruments, as this technology is starting to be used in many areas of activity. Ophel proposed that the oversight of the cryptocurrency industry be carried out entirely…

Binance withdrew lawsuit against Forbes journalists

Cryptocurrency exchange Binance withdrew a lawsuit against Forbes Media journalists, who published defamatory materials that tarnished the reputation of the exchange. About three months ago, Forbes journalists Michael del Castillo and Jason Brett wrote an article detailing the activities of Binance’s US subsidiary. The document presents a diagram codenamed “Tai Chi Organization”. With its help, the exchange allegedly bypasses the requirements of regulatory bodies, using a legal entity in the United States to conduct business…