Day: April 16, 2020

Binance Latam Lists Bolívar Amid VE’s Struggling National Economy

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On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer-to-peer trading platform against BTC, USDT, ETH, BNB, BUSD, and EOS, with no fees attached. Exchange customers can now search for local P2P merchants who have stable cryptocurrency sources and trade them for VES. According to Binance, there are no security deposits and zero transaction fees. In recent years, Venezuela has dealt with numerous economic and political crises. These have involved measures taken by the government to control the circulation of foreign currencies…

US Congresswoman Vows to Brand Facebook’s Libra a Security Despite Today’s Updates

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A United States congresswoman has said that she will keep working to brand Facebook’s planned stablecoin Libra a security. Facebook and the Libra Association may well have to deal with the SEC In an April 16 announcement, Representative Sylvia Garcia (D-TX) denied that recent updates to Libra’s whitepaper had substantively changed the yet-to-be-released stablecoin’s status as a security.  Garcia contends that the newly proposed version of Libra still derives value from a “basket of currencies” subject to change from the Libra Association, which hangs the value of the coin on…

Aussie Crypto Unicorn Raises $160M With ‘Big Four’ Bank Backing

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Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. Existing investors Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round — bringing the total raised to-date by the cross-border payments platform to $362 million as of April 16. Aussie fintech unicorn raises $160 million Airwallex will direct the funds into expanding its global footprint, with Europe and the United States among its…

Controversial Decision by US Gov Could Lead to Mobile Blockchain Development

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On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president Trump to prevent the commission from issuing the approval. The controversy arises from the fact that the adjacent bands are used for the Global Positioning Satellites (GPS) which provide essential functionality for the modern military. Chairman Pai assured in his draft order that the approval will not jeopardise…

Bitcoin Halving is Coming Soon

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HomeNewsBitcoin NewsBitcoin Halving is Coming Soon: What to Expect Now? The crypto sphere has seen a lot of buzz over the past few months with regards to the Bitcoin halving that is going to take place in May. Bitcoin is the biggest cryptocurrency in the world, and it is only natural that the upcoming halving event has caused such a stir in the crypto sphere at large. Key Things to Watch However, there is something else that needs to be considered at this point. The markets across the world have…

Alibaba Subsidiary Ant Financial Launches New Consortium Blockchain Platform for SMEs

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Ant Financial — the Chinese fintech company formerly known as Alipay— has launched a new consortium blockchain platform called OpenChain. According to an announcement on April 16, the platform would allow developers and small and micro enterprises to utilize innovative blockchain tools. They can now explore the technology further and develop better applications and smart contracts on the blockchain. Ant Financial’s General Manager, Jin Ge, claims that the launch of OpenChain will boost the efforts of almost one million SMEs and developers over the next three years. Pushing blockchain beyond…