Ali Raza

Private companies around the world are going crypto, and car manufacturers are no exception. Many major names in the automotive industry have already either partnered with a crypto project, or decided to create their own. The latest in the line is Toyota Motor Corporation, or rather, its IT arm, Toyota Systems. Toyota announces a partnership that will lead to its own token According to an official announcement published yesterday, October 26th, T...

The Bank of International Settlements (BIS), also known as the Central Bank of Banks, is teaming up with the central bank of Switzerland on a new project. The project in question is a CBDC pilot, according to a BIS executive, which should be ready by the end of the year. BIS is working on a CBDC pilot Central Bank Digital Currency (CBDC) projects are emerging around the world, which has been the case for over a year now. Ever since China announce...

The founder of Alibaba, who led the company until his recent retirement, Jack Ma, has recently shown how convinced he was of the possibilities of the crypto industry. He spoke of digital currencies with quite a bit of praise, pointing out various possibilities. Jack Ma recently addressed bankers and regulators during the Shanghai-based Bund Summit. He discussed the role that cryptocurrencies could play in the global financial system of the future...

Recently, the CEO of Coinbase, Brian Armstrong, announced that the company is bringing a new rule, which will bring a major culture change at Coinbase exchange. Employees at the US’ largest exchange are no longer allowed to discuss politics while at work. The move was quickly criticized by the community, and soon enough, major names in the crypto world joined the criticism. Cardano’s Charles Hoskinson was among those who disagreed wit...

The cryptocurrency sector continues to do everything in its power that would help drive adoption in any way. One assumption is that having crypto apps on Google Play Store would be a major help in achieving that goal. Now, crypto project Cardano successfully managed to launch its app, Catalyst, on the Play Store, offering it to users around the world. Catalyst launch is an important milestone Of course, Catalyst is not the first project to reach...

By now, everyone knows that the DeFi sector has been the center of the attention of the crypto industry in 2020. The sector has grown by billions and billions of dollars in only a few months. However, just like it started attracting new users and investors, as well as their money — it also started attracting hackers interested in stealing that money. This is exactly what happened to a DeFi protocol known as Harvest Finance. What happened? Accordi...

Bitcoin (BTC) price has been surging recently, following  PayPal’s announcement that it will introduce crypto buying, selling, and storing within its own platform. However, while BTC finally managed to leave the price limbo in which it was stuck for weeks and go up to just below $13k, Gemini founders, the Winklevoss twins, think that this is only a start for the world’s largest crypto. Winklevoss twins still convinced of $500k Bi...

The time for US presidential elections has almost arrived, which led to a lot of people supporting their preferred candidate in a number of different ways. However, while some get excited when the elections approach, others do not, and Cardano’s Charles Hoskinson apparently doesn’t like mixing politics with business. IOHK employees and CEO bombarded with political emails According to his recent tweet, Hoskinson received an email from...

Bitcoin (BTC) supply held by major exchanges has fallen to lows that were not seen for the past two years. The last time that BTC balance on major trading platforms was this low was back in 2018, according to data collected on October 20th. People are realizing the value of Bitcoin The crypto industry has grown rapidly over 2020, and for a variety of reasons. The existing crypto community has been buying it with the intention of HODLing, ever sin...

Cryptocurrencies and blockchain continue to infiltrate new businesses on a daily basis now. Also, the crypto community can expect to significantly increase the speed at which various websites will become connected to blockchain technology, thanks to the new WordPress plugin. A new WP plugin can help prove ownership of online content The new plugin for the WordPress web publishing platform will allow users to timestamp content on Ethereum’s...

The online payments giant PayPal recently caused quite a disruption in the crypto industry, after it revealed that it will start working with cryptocurrencies. Now, the firm which stayed outside of the crypto industry for all these years has a lot of work in order to catch up. But, according to new information, the company plans to start doing it through different acquisition, as it is currently exploring different possibilities. PayPal enters th...

Recently, PayPal announced that it will soon introduce crypto buying and selling as part of its platform, which caused a large BTC surge that finally allowed the coin to go beyond $12k. Not only that, but BTC also nearly reached $13.2k, before seeing a correction that took it back down to the $12.7k level. This massive surge also resulted in almost half a billion USDT being minted. Tether mints massive USDT amount after BTC price surge According...

Major South Korean telecom, SK Telecom, recently revealed that it plans to issue its own cryptocurrency wallet. The wallet will be used for storing and management of digital certificates on the blockchain technology. South Korea to start relying more on digital certificates From what is known, the new initiative by SK Telecom was approved by the country’s Ministry of Public Administration and Security. Furthermore, the wallet is fully compa...

Kraken, one of the largest US crypto exchanges, has finally found a way to go back to Japan. The exchange used to provide services in Japan until two years ago, when it decided to leave due to ‘rising operation costs.’ Kraken returns to Japan Earlier today, October 22nd, Kraken announced that it successfully launched spot trading in Japan, offering several different cryptos. Among the offered coins, customers can now find Bitcoin, Eth...

China has made central banks around the world start considering, and even exploring and developing CBDCs after it originally revealed digital yuan. However, while China was considered to be in the lead when it comes to the development and testing of its own CBDC, it appears that another project may have surpassed it. The Bahamas central bank releases the world’s first CBDC According to a recent announcement by the Project Sand Dollar on Facebook,...

Chilean FNE (National Economic Prosecutor’s Office) recently decided to allow nine of the country’s maritime cargo shipping firms to join forces and create a blockchain platform. This would be the first venture of this kind in the region, and it will likely significantly improve the shipping process. Blockchain-based shipping platform to be developed in Chile Blockchain technology’s use for improving supply chains is well-known...

The explosion of the DeFi trend in 2020 has attracted a lot of attention, so many other significant developments in the crypto industry managed to pass by undetected. One example is the fact that the average value of BTC transactions saw quite a major increase over the past three months. A surge in average transaction value Between July and October of this year, BTC transactions’ average value surged by 500%, according to analytics platform...

With China being in the lead regarding its CBDC testing and development, a lot of countries are rushing their central bank digital coins to catch up. The US, on the other hand, has different plans. Federal Reserve chairman, Jerome Powell, says that it is more important to do it right than to be the first to issue a CBDC. It is more important to do a CBDC right than to issue it first The topic of central bank digital currencies (CBDCs) is still on...

Recently, there have been plenty of rumors regarding a decentralized data storage project, Filecoin. The project launched its mainnet on October 15th, but even before that, it made the news due to its coin being listed on Gemini and Kraken. However, only one day after the mainnet launch, its 5 biggest miners went on strike, as they consider the token’s economic model to be unfair. Now, the coin’s founder, Juan Benet, responded to such...

Ethereum 2.0 upgrade is long overdue, and it even saw several delays already, a few of which happened this very year. However, according to recent information, the developers might actually be closing in on its launch date, this time for real. Developer reveals important news about ETH 2.0’s arrival Ben Edgington, a developer from ConsenSys, recently published an update that is predicting that Ethereum 2.0 beacon chain genesis might arrive within...

Bitcoin (BTC) investors recently got a major boost after the International Monetary Fund (IMF) said that a new Bretton Woods moment is needed. A lot of the details are still vague, at best, but many believe that this might be a historical moment that Bitcoin has been waiting for since the day of its creation. Is a new Bretton Woods moment coming? Bitcoin price has not seen any major upward movements in recent weeks. In fact, it mostly just stagna...

The Bank of Canada is making the next in a series of moves that will eventually lead to the creation of its own CBDC — or at least, that is what the crypto industry is assuming right now. Such assumptions came from recent information, revealing that the bank is looking for an economist with experience in financial technology and deep knowledge of crypto. Conditions for potential applicants The bank’s official page revealed that the economis...

One of the world’s biggest crypto exchanges, Huobi, recently revealed a new partnership with an internationally compliant fiat-to-crypto gateway, Banxa. As a result of the collaboration, Huobi will be able to list a number of new fiat currencies to its platform. Three new fiat currencies for Huobi According to the exchange’s press release, Huobi’s partnership with Banxa will allow it to add support for three new fiat currencies...

Recently, major crypto exchange OKEx announced that all withdrawals will be frozen for the time being, meaning that all of the money that enters the exchange will be stuck there until further notice. Despite this, however, someone decided to transfer $22 million in Bitcoin from another major exchange, Huobi, directly to OKEx. Someone deposited $22m in BTC after OKEx froze withdrawals The situation with OKEx is confusing for a lot of users, but th...

USD Coin (USDC) is coming to Stellar, according to a recent announcement published by the Stellar Development Foundation. The Foundations’ CEO, Denelle Dixon, noted that the addition should happen by early 2021, and that it will allow Stellar users an opportunity to connect to a global financial infrastructure. USDC saw major growth in 2020 USD Coin is one of the world’s biggest stablecoins. In fact, it is the second-largest one by ma...