Bitstamp to Raise Funds For Global Expansion
Bitstamp crypto exchange is attempting to scale its operations through a new fundraising campaign advised by Galaxy. Bitstamp, one of the longest-running cryptocurrency exchanges in the world, is reportedly working to acquire new funds to scale its operations as it pursues its global expansion goals. Bloomberg reported on August 7 that Bitstamp initiated the fundraising […]
US Federal Reserve Set For ‘Hike and Pause’ Policy
The US Federal Reserve is set to implement a ‘Hike and Pause’ policy, resulting in a price rally for Bitcoin and other cryptocurrencies. During the FOMC meeting on July 26, the US Federal Reserve is expected to raise interest rates by an additional 25 basis points, although traders are more focused on a Fed pause than […]
Australian Banks Block Cryptocurrency Payments
The National Australia Bank has joined Australia’s four major banks in blocking payments to cryptocurrency exchanges. The reluctance of banks to work with crypto exchanges and firms is a result of the Australian government’s increased crypto scrutiny. National Australia Bank Ltd (NAB) has joined Australia’s other prominent banks blocking payments to high-risk cryptocurrency exchanges, including […]
Wallet Upgrade : Binance to Retire Deposit Addresses
In the third quarter, Binance will retire specific deposit addresses and memos in segments by the network as part of wallet upgrade. In Q3, the largest cryptocurrency exchange in the world, Binance, will retire selected deposit addresses and memos in installments by the network. It is part of the company’s effort to upgrade its wallet infrastructure […]
Mark Cuban Forecasts 99 Percent of Tokens Will Falter
Mark Cuban, an endorser of crypto, predicts that 99 percent of tokens will go broke but sees a prosperous future for those that survive. In a latest Twitter exchange with former Securities and Exchange Commission (SEC) official John Reed Stark, the American entrepreneur and philanthropist Mark Cuban predicted that 90 percent of blockchain companies will go […]