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Canada’s New AML Rules Have Room for Improvement but a Good Start, Eh?

Analysis As the world’s supervisory agencies start to heed the crypto guidelines of the Financial Action Task Force, a new regulatory landscape is taking shape within the crypto industry. The latest country to annex the FATF directives is Canada, but how will the new rules impact crypto business i..

Wall Street & Crypto Surge on Developing US Stimulus Talks: Is It a Bull...

On Tuesday, March 24th, the Dow Jones Industrial Average (DJIA) — one of the top stock indexes in the U.S. alongside the S&P 500 and the Nasdaq Composite — had its biggest intraday rise since 1933. The acute climb was a respite for investors, as equities have repeatedly experienced sharp sell-offs ..

US Legislators Argue for Digital Dollar for Coronavirus Relief Payments

“Digital dollar” conversations have been picking up steam in America in recent months among the highest echelons of the U.S. government, but the COVID-19 coronavirus pandemic may be the catalyst that brings such a central bank digital currency (CBDC) to fruition. Indeed, as the global pandemic has ..

Ripple Partner Intermex: ODL “Will Not Be An Answer For Mexico”

At the start of February, fintech upstart Ripple Labs announced a partnership with Intermex, a remittance provider servicing the U.S. and Latin American payment corridor. In the Ripple press release outlining this deal, it was emphasized that the international payment company would use Ripple’s tec..

Bidders Pay Up to 24% Less for MKR in Phase Two of MakerDAO Auction

News As the first MakerDAO debt auction draws to a close, March 23, a total of $4.3 million worth of undercollateralized Dai (DAI) has been bid across both phases, and will be burned. But those bidders who waited for the second phase bagged the best deals, with some winners paying 24% less per Mak..

Report: ICO Fundraising Plummeted 95% Year-Over-Year in 2019

News A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space. While the largely unregulated ICO boom of 2018 raised $7.8 billion, initial coin offering funding f..

Citigroup Raises Investment in Ethereum-Based Trade Finance Startup

News U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo “to allow the company to continue d..

Why Crypto? Banks Begin Restricting Withdrawals & Shutting Down

Fear has become more and more palpable over the past few days; despite dramatic measures being taken by the world’s governments and institutions, the number of cases of COVID-19 has continued to skyrocket, especially in the U.S. and Europe, while the death count continues to mount. As with any cris..

Bitcoin & Ethereum Trading: All-Time High Correlation with S&P 500

Alongside the Dow Jones and the Nasdaq Composite, the S&P 500 is one of the premier large-cap indexes that many investors use to track the performance of America’s biggest companies. With that said, the S&P has reigned in mainstream markets for longer than the cryptoeconomy has even existed, a real..

Chainalysis Says Bitcoin Price Stable for now, but Future Uncertain

News Chainalysis posted their report for the BTC market for March 2020. According to the blockchain and crypto analytics firm, exchanges have experienced a huge inflow of BTC since March 9, receiving nearly 319,000 of the cryptocurrency on March 13 alone. However, between March 12-13, almost nine..

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