Day: November 1, 2023

PayPal scores UK crypto license after brief local Bitcoin buy halt

boss

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom. According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023. According to the register, PayPal has requirements or restrictions placed on the financial services activities that it can operate. “This includes, but is not limited to, ceasing on-boarding new customers and restricting existing customers to hold and sell functionality,” the information on the FCA register reads. “The…

Analyst says Bitcoin ETF approval may be coming within days

boss

According to popular cryptocurrency Youtuber CryptosRUs, the approval for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the U.S. could be coming within days. In a video posted on Oct. 31, CryptosRUs pointed to a closed SEC meeting scheduled for Nov. 2nd that will cover topics like “resolution of litigation claims” as a sign that a Bitcoin ETF decision is imminent. This comes after SEC Chairman Gary Gensler posted a cryptic Bitcoin-related tweet on Oct. 31st, the 15th anniversary of the release of Satoshi Nakamoto’s famous Bitcoin whitepaper. Many…

Tangem Ring to Debut at Cardano Summit 2023

In addition to the Tangem Ring, Tangem will use the Cardano Summit 2023 as a platform to announce exciting details about Tangem Pay. The crypto industry is about to get a fashionable upgrade as Tangem, the pioneering blockchain hardware wallet manufacturer, unveils its latest creation, the Tangem Ring, at the annual Cardano Summit 2023 in Dubai. Tangem Ring: A Fusion of Fashion and Crypto The Tangem Ring represents a groundbreaking intersection between fashion and cryptocurrency, appealing to a diverse range of crypto enthusiasts and individuals who have been traditionally hesitant…

Payments Giant PayPal Approved for UK FCA Crypto Register

CryptoX – Cryptocurrency Analysis and News Portal Landing on the register, which opened in 2020, means PayPal can also approve its own crypto-related communications under the recently imposed marketing regime. In August, PayPal announced that it was temporarily pausing crypto purchases in the country to comply with the regime. Original Source The post Payments Giant PayPal Approved for UK FCA Crypto Register appeared first on CryptoX. CryptoX Portal

Bernstein predicted Bitcoin’s growth to $150k by 2025

boss

The price of the first cryptocurrency could rise to $150,000 by January 2025 due to the approval of spot Bitcoin (BTC) ETFs in the United States. As reported by CNBC, citing a Bernstein forecast, the bullish estimate for digital gold quotes is almost five times higher than the current rates above $34,000, where the asset has consolidated after testing the $35,000 mark. The forecast is also more than double the all-time high of $69,000 achieved by the BTC in November 2021. Bernstein senior analyst Gautam Chhugani believes the SEC will…

Trading Giants Like Jane Street Might Support Blackrock’s BTC ETF

Etherfuse, a platform attempting to improve decentralized blockchain infrastructure, unveiled “Stablebond” at Solana’s breakpoint conference in Amsterdam, a tokenized bond offering, to retail investors in Mexico. The firm is targeting Mexico because it is the second-largest bond market in Latin America, after Brazil, according to the company’s research. The market is also one of the most liquid in Latin America, with $623 billion in outstanding debt and an average daily trading volume of $200 million, the research added. The majority of trading volume in Mexico comes from institutions, governments and…

CertiK Outlines Mobile Blockchain Security Threats and Countermeasures

Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a “frontier of innovation.” However, this transition isn’t devoid of challenges. Mobile platforms inherit a lineage of security hurdles that threaten to impede the smooth operation of blockchain technologies on these devices. On 31st October 2023, CertiK delineated a series of tweets, unfolding the panorama of threats alongside respective safeguards in the mobile blockchain ecosystem. The first in the series of tweets outlined the threat posed by…

Solana Bull Run Could Smash Through $40 Barrier

boss

Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL and other tokens. The cryptocurrency is now hovering close to a critical resistance point at $40, showcasing remarkable resilience and determination.  As of the latest data from CoinGecko, the current SOL price stands at $37.96, reflecting a 5% increase in the past 24 hours and a seven-day surge of 21.3%. The journey toward $40 has been an exciting one, with SOL appreciating by approximately 80% from…

Its effects on blockchain innovation

The evolution of blockchain security and privacy Blockchain has become a tech cornerstone. But as it grows, so does the need for privacy. Zero-knowledge Proofs (ZK) emerged as a solution and there’s a new kid on the block called multiparty computation (MPC). Imagine proving you have a secret without revealing it. That’s ZK, ensuring transaction privacy in a transparent system. But, it has its challenges — notably its computational demands. Think of MPC as a group of people solving a puzzle without showing their pieces — collaboration without exposure. In…