Category: cryptocurrencies

SCB Thailand Launches Ripple Transfer Service, Is XRP Adoption on the Way?

Photo: SCB Thailand The Siam Commercial Bank (SCB), the largest commercial bank in Thailand, is now offering payment transfer service through Ripple’s RippleNet. On May 18, one user came across the bank message and published a snapshot in Twitter. SCB transfers via Ripple. And with that we have mainstream adoption […]

Crypto Derivatives Platform Vows to Tackle Socialized Losses Seen on Other Exchanges

A crypto futures exchange says its features mean it is well-positioned to solve current problems that exist among rivals. The team behind FTX claims they were driven to act after “hours of feedback” to established exchanges about the problems with their products went ignored. As a result, the company claims […]

Facebook in Talks With Coinbase, Winklevoss’ Gemini to Launch Its Globalcoin: FT Report

Social media giant Facebook has reportedly held talks with major United States-based crypto exchanges about the issuance of its own crypto, the Financial Times (FT) reports on May 24. Citing two people familiar with Facebook’s “Globalcoin” project, the FT wrote that Facebook has discussed the initiative with major crypto exchange […]

Galaxy Digital Founder Michael Novogratz: One of the Social Media Cryptos Will Succeed

Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has suggested that one of the crypto assets created by social media giants will succeed. Novogratz made his remarks during an interview with CNBC published on May 24. At the end of the interview, Novogratz noted: “I think Facebook’s […]

Ethereum Co-Founder Vitalik Buterin Proposes Creating On-Chain Ether Mixer

Ethereum (ETH) co-founder Vitalik Buterin has proposed creating an on-chain smart contract-based ether mixer in a note on collaborative development platform HackMD on May 24. In his note, Buterin argues that the Ethereum ecosystem needs more privacy, and points out that the default behavior is to do everything through a […]

LocalBitcoins Imposes Restrictions on Iranian Accounts

Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24. Screenshot of LocalBitcoin Iranian page as of press time A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial […]

Bitcoin Halving is Less Than One Year Away: What to Expect from the New Bitcoin?

The third Bitcoin halving is expected to take place in May 2020 with most people in the community confident that the price of BTC will soar from now until the event takes place. When Bitcoin launched a decade ago, most people thought that it was a dubious idea and ignored […]