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

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

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

The developers of the DeFi Curve Finance protocol have found a vulnerability affecting the new yVault2 liquidity pool. The pool had to be closed. According to a statement on Twitter by Curve Finance, the vulnerability is affecting the new trading pool yVault2, which includes the Yearn Finance yield aggregator project. The pool was quickly closed to prevent an incident. Curve gives users the ability to switch between USD-backed stablecoins with extremely low fees and slippage.

The Central Bank of Nigeria (CBN) has banned commercial banks from serving the accounts of cryptocurrency exchanges and other firms that operate with digital assets. As part of the ban by the central bank of Nigeria, all banks and financial institutions are required to close the accounts of firms that carry out operations with cryptocurrencies. If banks fail to comply with this directive, they face severe fines. The Bank of Nigeria reported that earlier commercial

According to the findings of the Gartner researchers, centralized payment companies need to adapt in order not to be left behind by the growing demand for payments in stablecoins. In a blog post, analysts from research firm Gartner write that while support for cryptocurrencies by centralized payment systems such as Visa, Mastercard and PayPal helps them prepare for the transition to a future payment infrastructure, these companies’ revenue is based on the collection of transaction

Engineers and developers are gradually switching from tier 1 blockchains that rival Ethereum to DeFi protocols. According to the latest blockchain industry trend report from venture capital firm Outlier Ventures, developers are shifting their focus from Ethereum rivals to DeFi apps. Ethereum has remained the most actively developed blockchain protocol over the past year, followed by Cardano and Bitcoin. The fourth place after the launch of the main network in October 2020 was taken by

Despite the rise in the number of whales in 2020, the amount of BTC in the wallets of retail investors has increased by 130% in three years. According to Glassnode, bitcoins are relatively evenly distributed across addresses with varying balance sizes. Glassnode researchers published this data in response to previously disseminated information that the bulk of bitcoins in circulation is concentrated in a few large addresses – only 2% of wallets control 95% of BTC.

Binance cryptocurrency exchange has launched a beta version of the Binance Pay service for payments in five cryptocurrencies: BTC, ETH, BUSD, BNB and SXP. The exchange sees him as a potential competitor to PayPal. The beta version of the service was “secretly” launched last Friday. The management of the exchange announced this only today, at the virtual event Binance Blockchain Week. Binance CEO Changpeng Zhao said Binance Pay is “a contactless and secure technology for

Visa is developing a set of APIs for banking and financial institutions. They can provide their clients with services for working with cryptoassets. Payment card operator Visa and digital bank First Boulevard are preparing to launch a program for bank customers to buy, sell and store cryptocurrencies. First Boulevard’s neobank will be Visa’s first user programmable interface (API). The CEO and President of First Boulevard, Donald Hawkins (Donald Hawkins), believes that bitcoin is a new