Author: Atis. Sh

Fears of National Security arise as Washington discusses the progression of decentralized finance and cryptocurrency, and its potential benefits and repercussions. Skepticism of the benefits of cryptocurrency grows by the day in Washington as the new plans to include digital asset trade reporting among other crypto-related transactions are proceeding. The US House of Representatives Financial Services Committee representative Ted Budd has shed light on the inner thoughts of Washington regarding whether or not crypto is revolutionary or detrimental to the United States. Budd declared for MakerDAO that in the midst of devising regulations for stablecoins, the perils of these securities…

PayPal has set its sights on expanding its crypto operations in the UK market. Reportedly, cryptocurrency trade has been quite lucrative for PayPal for the second period, thus prompting the opportunity to offer crypto trade services in the United Kingdom, as confirmed by Dan Schulman, PayPal CEO. The development of the cryptocurrency trading platform has been a gradual process, but PayPal is doing well considering the $100,000 increase in purchasing limit earlier this month. Additionally, banking integration is underway. As per Schulman’s comments, Automated Clearing House or ACH is a service provided by PayPal that enables merchants to debit payments…

The road to adopting cryptocurrency in international trade might just be paved with the bilateral digital trade between the US and Japan, according to Rand Corporation analysts. The American policy Think Tank Rand Corporation’s Sale Lilly and Scott W. Harold have urged the US and Japan to include cryptocurrency in their bilateral digital trade pact. Analysts from the Rand Corporation presented arguments in favor of their demand for crypto to be included in the digital trade agreement, according to a piece published by Nikkei Asia. The fact that both countries are home to two of the world’s major crypto markets…

Individuals that deal with crypto may soon be obligated to report their transaction according to the new draft infrastructure bill in the United States. By imposing new information reporting requirements on exchanges as well as other factions, $ 28 billion from crypto investors are to be generated as dictated by a bipartite infrastructure bill in the Congress of the US. As per the draft infrastructure bill, an amended information reporting return is to be filed by the broker whenever the transfer of digital assets is done. In this draft bill, peer-to-peer markets and decentralized exchanges are encompassed in the classification…

Until today, blockchain technology has proven to be limitless. From the launch of Bitcoin in 2009 as an innovative and decentralized payment network, the use of blockchain technology has widened tremendously. There are numerous Decentralized Applications (DApps), Decentralized Exchanges (DEXs), and even Decentralized virtual worlds like Decentraland, that constantly test the limits of blockchain technology. This programmability was first made possible by Ethereum, being the first blockchain developed that was programmable. Ethereum’s launch also marked the creation of smart contracts. Today, there are many programmable coins, Zilliqa and Elrond just to name a few. Yet, Ethereum is still the king…

An increase in hashrate is likely to happen after China’s decision to restrict mining earlier this year.  The constant expansion quests of mining farms in North America, as well as Chinese miners returning from offshore hosting sites, are being cited by investment analysts as the primary drivers of the increase in mining difficulty. Mining difficulty is the imperative parameter in measuring the level of difficulty to mine a block and receive Bitcoin (BTC) rewards. Mining difficulty increases and Bitcoin network security increases with bigger computing power, respectfully. This means that the profit margin of the miner takes a dive, and…

On Tuesday, the initial DEX offering of Yield Guild Games sold out in under a minute. The offering was completed through the Miso platform SushiSwap in a total of 31 seconds by solely 32 participants. While YGG managed to raise $ 12.5 million on the day of the offering that was carried out through the Dutch auction, the unevenly allocated tokens have left investors uneasy. With the project having one billion tokens, this DEX offering dispensed 25 million tokens with an individual value of approximately $ 0.50.  As the Discord of Yield Guild Games supersedes 47,000, the distribution of 25…

Reportedly, a new year-long pilot project initiated by the Kazakhstan government will allow financial institutions to legitimize the provision of processing cryptocurrency payments and other related services.  This authorization will allow national banking institutions to process crypto payments by designating bank accounts to such services. According to a report by Khabar 24, this will mean the approval for enterprises to complete their transactions via Bitcoin (BTC) as well as other cryptocurrencies.  Officials from The Data Center Industry and Blockchain Association of Kazakhstan have stated that should this project launch, through signing up with Astana International Financial Centre as a major…

Whether you are reading a crypto-related article or you are on Coinmarketcap checking one specific cryptocurrency out, it is likely that you have stumbled upon the term supply. According to Dictionary.com, the term ‘supply’ stands for “a quantity of something on hand or available, as for use; a stock or store.” This is the same for cryptocurrencies; the supply of a cryptocurrency shows us how many tokens are there, and how many will there ever be. First off, the supply of a cryptocurrency can be capped or uncapped. A capped supply means that the supply of that specific crypto is…

The widely known Australian SelfWealth is now attempting to complement its 95,000 investors with a variety of cryptocurrencies. According to the Australian Financial Review, this company is trying toward making that cryptocurrency liquid, so that it can be used for trading. Seeing that this establishment has a plentiful amount of $4.4 billion in its platform, this idea could soon be transmitted into action.  SelfWealth aims to provide its platform with a wide array of cryptocurrencies. By the end of the year, it is planned that this corporation will have 10 cryptos in their platform, such as Bitcoin and even Ethereum.…