Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes…
As far as seniors and the elderly are concerned, the choice between buying or leasing a car is quite straightforward as it affords them more flexibility and options. Most leases are designed to last for three years or less, making it easy to accommodate changes in your driving needs. You can compare car leases online…
Banking is an essential industry for businesses—especially among international conglomerates. For one, companies from various industries would need a reliable means of moving currency from one account to the next. This movement of funds is integral to supporting business processes such as procurement, acquisition, manufacturing, and managing human resources. Also, global enterprises primarily cater to…
If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan. After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country’s largest crypto exchange. Binance’s November 2019 blog post, which had announced the takeover, now comes…
San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. “We are interested in learning about Celsius and its assets, and whether any could be relevant to our…
Virtual credit cards are one of the emerging trends that are shaping the credit card industry. With the uprising domination of contactless payments, virtual credit cards usher their advantages to sustain the growth of this hegemony. Is there any worthiness at the back of this hype? Let’s find out. What is a Virtual Credit…
With the stock markets showing increased volatility and uncertainty, some investors are turning to different kinds of assets as they look for new opportunities. Alternative investment classes are often used during bear markets to keep money out of volatile markets without losing ground to inflation. They include assets like commodities, real estate, and other investments…
Tornado Cash’s token TORN fell sharply on Tuesday after the US Treasury Department imposed sanctions on the cryptocurrency mixer. TORN was down 24% during Asian hours to $22, according to CoinGecko data. The token has lost 95% of its value since its all-time high in February 2021. By contrast, larger cryptocurrencies Bitcoin and Ether posted…
After the US Treasury Department said it had barred American companies and individuals from using a so-called crypto mixer known as Tornado Cash, fans of the service rallied in support of the founders of the popular protocol. Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other…
The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance. The crypto platform will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option, Patrick Hillmann, Chief Communications…
