Tag Archives: Story of the Day

The president of the crypto services company, Crypto Capital, has been arrested by authorities in Poland for his alleged involvement in the crime. Ivan Manuel Molina Lee was recently picked up by Polish police under the accusation that he is deeply involved in several illegal activities including being a member of an international drug dealing cartel as well as money laundering accusations which were allegedly done by him using Bitfinex.According to local Polish media platform RMF24, Molina...

It has become known that in less than 2 months, Bakkt will introduce its regulated options contract for Bitcoin futures by December 9, 2019.  According to the blog post published by the company,  for the launch of these BTC options, Bakkt will use its Monthly Bitcoin Futures contracts.This will be a major milestone for Bakkt driving further the institutional participation in the crypto market. Bakkt CEO Kelly Loeffler made the announcement today. In a blog post, she wrote:“We’re committed to...

Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes to hit a low of $7,500.Bitcoin price reached the lowest level since June 10 as recorded by Bitstamp. After showing mild signs of an upward trend above $8,000, the leading digital token...

Ever since Facebook officially announced its plans to float a digital currency and then released the Libra whitepaper, there have been very polar reactions to the idea, which continue to this day. The United States Congress right from the start has made it clear that they are not excited about the idea and would prefer it doesn’t continue. We have already reported that as part of the process of seeking regulatory support, Facebook CEO Mark Zuckerberg has been obliged to support his position...

It seems that the guys at Google set to beat everyone else in the game of quantum computing which has already set certain sparks in motion as to the veracity of such claims. According to Google, they have made a breakthrough that enables computers to be able to make calculations that are seemingly impossible with the speeds of today’s computers and are virtually unheard of in terms of technological breakthroughs. Referred to as “Quantum Supremacy”, this achievement allegedly puts Google...

In an effort to ensure that Facebook’s Libra cryptocurrency breaks down regulatory walls and launches on time or at least not too far from the earlier planned launch date, the social media giant is willing to make some compromises.In a testimony recently submitted to the House Financial Service Committee, Facebook CEO Mark Zuckerberg has confirmed to U.S. lawmakers that Facebook itself will not handle Libra, suggesting that the Libra Association which is the body tasked with the role of...

Photo: Philip Taylor / FlickrIn what seems to be one of the biggest challenges to online payment processors such as Paypal, Apple Pay and a whole host of others, the biggest guns in credit card processing have decided to team up and implement their own single button-based checkout process. American Express, Visa, Mastercard, and Discover have decided to join forces to make checkout easier for consumers.Based on what the card industry refers to as Secure Remote Commerce (SRC) which is a...

Revolut Ltd, the financial technology and financial institution based in London, has entered an official partnership with Mastercard which will see the card giant handling all of Revolut’s debit cards when it launches in the United States before the year runs out.According to an official press release, MasterCard will not only handle Revolut’s cards in the U.S., but will also run at least 50 percent of all Revolut cards in all of Europe, including existing and future cards. Reportedly, this...

Volatility always exists in the crypto markets. After Bitcoin reached its all-time highs in December 2017, what followed was a persistent bear market. However, the bearish trend seemed to have come to an end when Bitcoin surged from $3,500 to over $13,000 in a few months. The bulls lost momentum with the flagship cryptocurrency heading south over the past three months.Although Bitcoin is struggling to stay above $8,000, one quant analyst called PlanB on Medium believes that the token will...

Heath Tarbert, the chairman of the United States Commodities and Futures Trading Commission (CFTC) says that the first Ethereum futures will arrive by 2020. Just ten days back, the CFTC chairman confirmed that Ethereum is a ‘commodity’ just like Bitcoin.Speaking at the DC Fintech Week at Georgetown University, Tarbert told Chris Brummer that ETH futures could “absolutely” arrive within the next six to twelve months. He cautioned that launching new futures contracts doesn’t mean there’s...