Bitcoin ‘as strong as ever’ with record high 200-day moving average

Square Capital, a crypto-friendly payment firm founded by Twitter CEO Jack Dorsey, is purportedly among the first Bitcoin (BTC)-related companies joining the United States federal emergency lending program.The firm has received U.S. Treasury and Small Business Administration (SBA) approval to become a lender under the federal Paycheck Protection Program (PPP).Square to start rolling out PPP…

FTX CEO Sam Bankman-Fried says derivatives are necessary to bolster the liquidity and efficiency of markets. 194 Total views 2 Total shares The chief executive of crypto derivatives exchange FTX, Sam Bankman-Fried (SBF), has argued that derivatives are vital for the efficiency of the digital asset markets.In an interview with Forbes published Aug. 30, the…

A new virtual assistant powered by blockchain can complete insurance contracts without human assistance. 967 Total views 2 Total shares Malta-based virtual assistant firm Vaiot has integrated IBM’s Watson Assistant with the Cosmos blockchain to sell car insurance.The new platform features an end-to-end sales process that does not require human assistance to complete the car…

Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet. A federal grand jury in the District of Columbia has charged two Costa Rican residents for illegally selling opioids on the darknet. Originally from the United States, David Brian Pate is a darknet vendor who along with Costa Rican pharmacist Jose…

Bitfinex, a cryptocurrency exchange based out of Hong Kong, announced that it had removed the minimum equity for its users in a Medium post published on April 9.Per the announcement, the company reconsidered its requirement — which had been set at $10,000 — due to demand from traders. The exchange’s CEO, Jean-Louis van der Velde,…

Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures for scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers.Executives at major Australian crypto firms like Cointree, CoinSpot and Swyftx on Aug. 31

The international crowdfunding firm Indiegogo will promote a new real-estate-backed token, according to a post on the company’s website. The asset-backed cryptocurrency will enable accredited investors to buy shares of the St. Regis Aspen hotel in the form of digital tokens. According a report from The Verge, the upcoming digital token Aspen Coin is registered…

An international financial free zone within the capital of the United Arab Emirates (UAE) has concluded the first phase of its blockchain-based Know Your Customer (KYC) utility project, according to an ADGM press release Dec. 4.The Abu Dhabi Global Market’s (ADGM) regulatory body, the Financial Services Regulatory Authority (FSRA) along with “Big Four” audit firm…

South Africa's financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high levels of retail interest in crypto in the country.In a position paper published on June 11,…