Zero-fee trading first came to exchanged-traded funds and then to online stock and option transactions. Now the strategy is spreading into the cryptocurrency sphere. Seen as the most profitable sector of digital-asset world, trading platforms are feeling the pressure as industry heavyweights such as Binance Holdings Ltd.
The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms. The MAS published a consultation paper on Wednesday, seeking to green-light what it calls "payment token derivatives" for listing and trading on "approved exchanges" in
Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra
Cryptocurrencies have started to make their presence felt in finance. As the race for an e-currency continues, so does Bitcoin’s dominance. The cryptocurrency market experienced its highest boom at the end of 2017 and the beginning of 2018. It lost some of that momentum over the
Bloomberg Law reported on Nov. 15 that investigators at the Internal Revenue Service (IRS) are focusing on so-called BTMs and crypto kiosks and their potential to facilitate illicit activity such as tax evasion or money laundering. John Fort, the IRS' criminal investigation chief, told Bloomberg the IRS is
Earlier this month, the Ethereum Foundation team lead Péter Szilágyi confirmed the date of the network’s upcoming upgrade, Istanbul. Ethereum’s eighth hard fork overall and the second one this year is slated to take place on Dec. 4. Istanbul will introduce a number of improvements such as interoperability
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -1.08%. Leading the way was Litecoin, whose price is now around $59.51 USD, which yielded holders a return of 1.23% from the day
Crypto giants Binance Holdings Ltd. and Tron have been banned on China’s largest micro-blogging service amid what appears to be fresh steps to crack down on digital currency trading. The official accounts of exchange operator Binance and blockchain platform Tron were suspended by Twitter-like Weibo last week. At the
Andrew Yang Campaign Releases Technology Plan Focused on Rebuilding Public Relationship With Big Tech
Crypto-friendly U.S. presidential candidate Andrew Yang unveiled his campaign's technology plan focused on how to rebuild America’s relationship to its big tech behemoths, in addition to his calls for normalizing how crypto is treated at the regulatory level. In a policy proposal posted to his website,
Visa, the world’s largest card payment network, has been quietly developing a blockchain system that could upend how banks transfer customer transaction data to consumer financial applications like Mint and Credit Karma. In a paper published by Visa’s research and development arm, researchers describe a system called LucidiTEE.