Worldwide bitcoin trading volume has decreased by up to 37 per cent compared to last year. However some countries have also registered strong growth in the use of the currency, as shown by a new infographic from Block-Builders.de. In Latin America in particular, BTC is becoming increasingly important and living up to its reputation as a crisis currency.
Cryptocurrency exchange provider Binance has partnered with Oasis Labs to launching the CryptoSafe Alliance to combat fraud.
Blockchain software company ConsenSys has acquired Quorum, an enterprise-variant of the Ethereum blockchain developed by JP Morgan.
Year to date, the value of bitcoin has increased by around 64 per cent and one bitcoin is now worth around USD11,500, while new research reveals institutional investors expect further rises in the valuation of the cryptocurrency this year.
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.
Hong Kong SFC issues 'approval-in-principle' for OSL virtual asset automated trading and brokerage licenses
Asian digital asset platform OSL, a member of BC Technology Group, has secured an approval-in-principle for its application to operate a virtual asset trading platform under a license for Type 1 (dealing in securities) and Type 7 (automated trading service (ATS)) regulated activities under the Securities and Futures Commission (SFC) virtual asset licensing framework in Hong Kong.
Virtual asset technology software specialist 21 Analytics, in partnership with Crypto Finance, has enabled the first automated crypto asset transaction, compliant with the Anti-Money Laundering Ordinance of the Swiss Financial Market Supervisory Authority FINMA.
CoinShares, Europe’s largest digital asset manager, has crossed the USD1 billion in assets threshold through its XBT Provider products.
CF Benchmarks, a cryptocurrency index provider, has launched an index that aims to accurately reflect the circulating supply of each comprising crypto (or index constituent).
The first layer-one protocol built specifically for decentralised finance has been launched by Radix.