Tag Archives: News

Mastercard has been partnering with several other payment products and services providers aiming to grow its customer base throughout the world. In the latest news, Mastercard teamed up with SoFi, a digital personal finance company, on a lot of products and experiences. The new partnership will benefit SoFi’s almost one million customers, according to a press release from the companies.The new deal kicks off with the SoFi Money debit card, which is an offering that will exist on the...

In a bid to establish its authority as one of the biggest players in the crypto space, leading cryptocurrency exchange and Bitcoin (BTC) trading venue, Gemini, the Winklevoss twins-led exchange, has become the first exchange to pass the Deloitte SOC 2 Type 2 security examination.In a statement, released on its official website, the exchange reiterated the fact that no other exchange in the world has been able to match its feat in terms of the security of the crypto space.What is SOC 2?Service...

Russian citizen Alexander Vinnik accused of laundering Bitcoin via the BTC-e exchange has been extradited to France. Currently, he is at the Hotel-Dieu hospital in Paris. As his lawyer Zoe Konstantopoulou has said, she learned Alexander Vinnik extradited to France from a French colleague. The Greek authorities meanwhile have refused to provide any information, saying they ‘are unaware of that’.The French authorities have not yet allowed Konstantopoulou’s French colleague to talk to Vinnik. As...

In a major revelation, Ripple CEO Brad Garlinghouse hinted that the blockchain startup can go for an IPO this year. On Thursday, January 23, while speaking at the World Economic Forum in Davos, Garlinghouses surprised the audience with his statements.He predicts that in 2020, more companies from the blockchain and crypto industry are likely to go hold their IPOs. Besides, he also hinted that Ripple could one of those companies seeking an Initial Public Offering (IPO). During an interview with...

Tesla CEO Elon Musk has been tipped to break the trillionaire threshold before Jeff Bezos, Bill Gates or any other contemporaries following Tesla’s recent landmark in breaking the $100 billion market cap level after skyrocketing rise of the company’s stock price.Should We Be Getting on the Musk Train?Elon Musk rests rightly as one of the biggest celebrity entrepreneurs in the world and has amassed an enormous cult following over the years. Fanatics are at their constant best with bullish...

Ripple Labs, the San Francisco-based blockchain startup, secured the highest funding in comparison to other peer blockchain companies in 2019. The latest report from CB Insights shows that Ripple raised $200 million in the Series C round last year.Among the companies that follow Ripple on the list are Figure Technologies, Digital Asset and PeerNova. However, the gap between the first and second positions is significant. However, even Ripple’s $200 million is a very small amount in comparison...

Crypto Derivative Markets are TrendyCryptocurrency derivatives were a major highlight of the cryptocurrency market in 2019. Data collected in the past year already reveals how the derivatives market outperformed the spot market and more recently, the buzz is becoming more intense as speculation suggest that this market will double the size of its counterpart spot market in the near future. More so, increased competition in derivative products has been instrumental in the growth of the...

The cryptocurrency derivatives market is on heat, with the BitMEX release of the XRP-USD quanto swap tool. The so-called ‘quanto-swap’ represents the derivative with an interest rate taken from the difference between different currencies. During the swap, one person is paying another interest. It is derived from the difference between the foreign and local assets, or between two ‘shitcoins’ (in the Bitcoin maximalist lingo, all the coins are ‘shitcoins’, while we just try to keep the...

Bitcoin cash price started a fresh decline after it failed to stay above $400 against the US Dollar.The price broke a few key supports near the $350 and $340 levels.There was a break below a major contracting triangle with support near $331 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses below the $312 and $300 support levels in the near term.Bitcoin cash price is declining and struggling to stay above $312 against the US Dollar....

It’s always rough to see people lose their money to crypto scams, but when those people are 75 years of age and when the money lost was their life savings, it’s really disheartening.Crypto Scams Take On New FormsThis is the case for Frances Foster from Plymouth in the United Kingdom. At 75 years old, Foster is at an age where virtually every cent means something. A life in retirement can yield great returns, but it can also mean health problems, doctor visits and solitude. While this may not...