Day: January 14, 2020

On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers in order to ease the current pressure and lack of liquidity within U.S. repo markets. Moreover, two Federal Reserve branch presidents have voiced concerns in regards to the American economy in 2020. Also Read: Money…

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Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable for mining not only in industrial-scale datacenters but also at homes and offices. Also read: This Company Sets Out to Prove Crypto Mining Has a Place in Your Home Three Zigbit Miner Models Available Zigmabit, which is headquartered in Tokyo, Japan and maintains…

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Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%. Also read: Close to 11 Million BTC Haven’t Moved in Over a Year Crypto Markets Show Strong Bullish Trend Cryptocurrency prices have been moving northbound and the market valuation of all 4,000+ coins is around $235 billion on Tuesday. At the time of publication, BTC…

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Whales are mega-rich traders who inhabit the depths of the crypto seas. Theirs is a realm of dark pools, hidden order books, OTC deals, and rich list wallet addresses. Shunning publicity in favor of pseudonymity, most whales keep their trading and personal lives separated, with only the blockchain revealing the monster sums they shuffle between exchanges. A handful of whales have bucked this trend, however, laying their trading record on the line for all to judge. Also read: Close to 11 Million BTC Haven’t Moved in Over a Year These…

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In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations Begin The deadline for all European Union member states to transpose the 5th Anti-Money Laundering Directive (AMLD5) into their national legislation was Jan. 10. All EU countries should have started regulating crypto exchanges and custodial wallet…

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With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to turn their fiat coins into paper cash. 3,000 of these kiosks have been integrated with Coinme to include crypto purchase functionality, and more than 100 BTC-integrated Coinstar kiosks are now newly available in the greater Sacramento, California area. Also Read: Bitcoin ATMs Installed at 5 Major Malls in the US Over 100 Kiosks Updated With BTC Purchase Capability Coinstar found an effective business model in helping people cash in their accumulated change…

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Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year Handbook Educates Party Functionaries About the Impact of Digital Currencies “Digital Currency: A Reader for Cadres” is part of a series of guides on various current topics, from artificial intelligence…

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