Author: Granit.M

The ever-growing usage of Bitcoin (BTC) and Ethereum (ETH) has urged PayPal to expand the scope of its crypto services even to Ireland. PayPal is hiring for several crypto-focused posts in compliance, anti-money laundering, and business development in its Dublin and Dundalk offices, according to Independent, the Irish portal. PayPal’s entrance to cryptocurrencies was realized through the establishment of an expert crypto and blockchain team in October 2020 with the purchase of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) by clients in the United States. Only 2 months ago, the withdrawal of cryptocurrencies to third-party wallets by…

The Financial Services Commission has discovered 14 fake accounts used by cryptocurrency exchanges in South Korea, in the midst of a widening regulatory crackdown on trading platforms. A study of accounts that collect virtual assets including withdrawal and deposit accounts to which more than 3,000 financial institutions were subjected bore the discovery of the fake accounts, according to a Hankyoreh report. Information disclosed by the investigation stipulated that of the 94 accounts that were operated by 79 virtual asset operatives, 14 were fake. The Financial Services Commission stated that the widening regulatory crackdown on trading platforms after the most recent…

Today, building wealth is one of the main goals of many individuals. One way of acquiring such wealth is done through investing in different things. A young, ever-emerging industry worth over $1 trillion has taken the spotlight throughout the last few years – and this is the blockchain. Making its official appearance in 2009 through the Bitcoin whitepaper, blockchain technology has been experimented with ever since; with developers continuously testing the capabilities of this technology.  Everything started with a cryptocurrency known as Bitcoin, a digital asset that claimed to provide a better payment system than banks and other financial institutions.…

The partnership with LegitDoc – the Indian startup has made India amid the pioneers of the integration of blockchain in the education system, particularly in e-governance platforms.  The problem with unauthenticated diplomas will be solved through the Ethereum blockchain credentialing system that will serve as a vetting system for identifying forged or tampered-with diploma certificates through the affiliation with LegitDoc, as noted by the government of Maharashtra.  The controversy surrounding the integration of Ethereum Blockchain in the education e-governance system coupled with India’s ban of digital crypto assets of regulated enterprises has not gone unnoticed. Particularly vocal about the condescending…

Amazon users are currently not allowed to make payments in cryptocurrencies, but payment options are about to change by the end of 2021. While talk of Amazon supporting cryptocurrencies for payments has circulated long enough, the e-commerce titan has begun the initial steps of breaking ground on the acceptance of cryptocurrencies, starting with Bitcoin (BTC) and then moving on to the acceptance of a larger scope of additional cryptocurrencies. The confirmation for the astounding developments has come from an unidentified source within Amazon itself in a report issued from City A.M, the London-based business newspaper.   The initiation of cryptocurrency payment…

The year 2021 has been a crazy year for the cryptocurrency market, with many coins skyrocketing to unbelievable heights. Besides Bitcoin and Ethereum, hundreds of altcoins experienced extreme growth during a short period. This altcoin growth was characterized by Bitcoin market dominance dropping to 39% during May 2021, the lowest it has been since 2018. The rapid growth of altcoins may have happened because of many reasons, however, this growth signalizes one specific thing; money is getting spread throughout the whole crypto market, rather than being concentrated only on Bitcoin.  From January to July, we have witnessed many cryptocurrencies experiencing…

The main goal of blockchain technology and the cryptocurrency industry as a whole is decentralization – and they are moving towards it rapidly. With the introduction of Bitcoin in 2008, the world saw hope in building an almost flawless global financial system. The Bitcoin system is a pure P2P network that uses every participant on the network for keeping track of the transactions occurring on the network. That being said, this technology provides a platform for safe and decentralized transactions by getting rid of a third party such as banks, governments, or other financial institutions. This technology has come a…

The history of banking and trading is as old as modern humans, with evidence of people traveling from one city to another with the sole purpose of trading. This incentive to trade one thing for the other led to the creation of money and financial systems. Centuries have passed and money is still being used everywhere; from bookstores to clubs to tax payment centers. However, money is controlled by governments and financial institutions like banks, making it centralized. A whole science known as Monetary Policy has been developed to keep track of how money works. With the introduction of Cryptocurrencies…

Indian crypto exchange WazirX is under serious heat from law enforcement agencies after an alleged violation of Indian laws. The said Indian Crypto Exchange has been attracting local investors for quite a while. The Directorate of Enforcement issued a notice to show-cause after an alleged Foreign Exchange Management Act (FEMA) violation in a crypto transaction worth around $372 million. Economic Times reported that a subsidiary of Binance, the Indian Cryptocurrency exchange WazirX, is under probe after the Directorate put into question the ability to transfer funds outside of India without any government supervision. The law enforcement officers explained that such…

Before hundreds of years, people had to wait for weeks, months, or even years to send a message to somebody far away from them. The usual process included the sender writing a letter and giving it to the Runners – a term used for people who ran from country to country to transmit information – whose duty was to send that letter to its intended destination. Today, we can communicate with people on the other side of the world within seconds, sending and receiving messages almost instantly. Through applications such as Messenger and Telegram, people can communicate and collaborate with…