Tag Archives: Cryptocurrencies

California based financial company SoFi announced it added crypto trading to its fast-growing SoFi Invest platform and that the live trading will begin on next Tuesday. Among the first cryptocurrencies that will be added for trade on SoFi Invest platform are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).As per the announcement, the idea came as a reaction to demand from its network that has more than 800,000 members. Beginning next week, SoFi Invest will become the first platform that...

Tron founder Justin Sun (@justinsuntron) provided a community update on September 24 that detailed a number of important developments to the smart contract network. Livestreaming on both Periscope and YouTube, the creator declared that he had a number of major announcements that would have ramifications for the future of Tron. Among other things, he mentioned that the delivery of Tron’s sidechain scaling solution, dubbed Sun Network 1.0, would occur on September 25. The first word of Sun...

Its a big win for cryptocurrency exchange Bitfinex on the long going Tether stablecoin case as the Appellate Division of the New York Supreme Court puts a stay on the filing by attorney general Letitia James in April 2019. Bitfinex currently shares leadership with stablecoin coin issuer Tether.James earlier accused Bitfinex of taking undue advantage of the partnership and borrowing $900 million USDT tokens without actually paying for it. In her complain, James wrote:“Our investigation has...

The U.S. Securities and Exchange Commission (SEC) again delayed its decision about Bitcoin exchange-traded fund (ETF) proposed by New York-based investment-management firm Wilshire Phoenix.As per the public filing, SEC needs to assess the proposed rule change to allow NYSE Arca in order to deal with shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. Arca first started seeking regulatory approval from the SEC for a different type of stablecoin. Dubbed as the Arca UST Coins –...

About a week ago on Thursday the 19th of September, the Committee on Financial Services scheduled Tuesday 24th, as the day for a Congress crypto hearing. Tagged “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat”, the hearing was arranged to discuss several crypto-related issues including the SEC’s regulation of the sector, Exchange-Traded Funds (ETFs), Facebook’s Libra, and also a possible categorization of digital assets as official securities.The hearing...

Crypto payments seem to have achieved mainstream use: in France, 30 famous brands are going to launch support for Bitcoin payments. By early 2020, over 25,000 sales points will allow their customers to make purchases in Bitcoin. Among the retailers that will support the initiative are sportswear giant Decathlon, sneakers emporium Foot Locker, cosmetics store Sephora, furnishings retail chain Conforama, design company Moustache and more.The news has been announced during Paris Retail Week on...

Malta-based cryptocurrency exchange Binance has finally opened up it’s long-awaited “store” in America’s part of the crypto-space, by launching trading on its new exchange for U.S. users. Today, on September 24, Binance.US has been officially launched.https://t.co/AZwoBOy3iq Opens Trading For BTC, ETH, XRP, BCH, LTC, BNB and USDThttps://t.co/Sc8MkzYkn4 pic.twitter.com/wlv9SCshlM— Binance.US (@BinanceAmerica) September 24, 2019The company hopes that by doing so, it could enlarge its influence...

The logistics and supply chain industry has been topsy-turvy since the dawn of the new millennium. So many issues have made many logistics and supply chain systems to change from being simple down-to-earth and easy to use to becoming complex and most times incomprehensible.This has made many nightmares come true for organizations with losses ranging from thousands to millions of dollars. This has however changed over time with the introduction of solutions that have changed the outlook of the...

One of the greatest technology companies on the face of the earth IBM has indicated its willingness to work with social media giant Facebook on its cryptocurrency Libra. In a CNBC interview on Monday 23rd September 2019, the Blockchain services of the firm Jason Kelley indicated his organization’s willingness to work with just about anybody in the crypto space. He said:“Blockchain is a team sport… Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring...

When Bakkt was first announced last year, the entire crypto community welcomed it as a great addition to the sector, hoping that it will have enough power to propel the industry considerably higher. However, even though many think it’s still a little too soon to judge, the first day of Bakkt’s launch has not exactly been encouraging as the overall market has dropped in valuation in response to Bakkt’s weak first day.After the first hour, Bakkt recorded only about five contracts and even 9...