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Saudi Arabia’s Ministry of Finance took the time to warn the general public of an ongoing crypto scam spearheaded by a Singapore-based crypto company. The Ministry of Finance revealed that although the so called crypto firm claims to be affiliated with the Kingdom, its token and operation are neither recognized or backed by the Kingdom. The Singapore-based crypto firm is currently parading its digital coins, dubbed SmartRiyal and CryptoRiyal, as a new means of funding...

Rakuten Wallet – a subsidiary of the Japanese conglomerate Rakuten Group – announced in an official press release that the company is moving a step further to the crypto market with a new spot trading services for cryptocurrency assets. The service will allow users to trade cryptocurrencies through a dedicated smartphone app developed by the firm. The application will be first launched for Android devices and the iOS version of the application will be released...

As reported by BusinessKorea, one of South Korea’s leading business news portal, a new trend of South Korean blockchain projects listing their crypto ventures on foreign exchanges has started to increase significantly in magnitude. Overseas exchanges have now started focusing on the Korean won market to attract more blockchain initiatives from the Asian economic giant. The healthcare data platform Medibloc and the blockchain-based supply chain management Temco are two major South Korean blockchain projects, which...

iFinex (the parent company of Bitfinex and Tether) filed a motion in July to dismiss the lawsuit against the company as the New York Attorney General (NYAG) Letitia James doesn’t have jurisdiction over them in this case. On August 19, the Supreme Court dismissed the motion and ruled that the NYAG has jurisdiction over the cryptocurrency exchange Bitfinex. The Supreme Court Judge Joel M. Cohen ordered the NYAG to continue her investigation of the company...

The US Patent and Trademark Office (USPTO) published a new patent application by Bank of America titled “Multi-Tiered Digital Wallet Security,” on August 15. As listed, the new patent’s system was invented by the banking firm’s senior technology manger, Manu Kurian. The patent was initially filed by Bank of America in February 2018 and has now been publicly published. With this patent, Bank of America is planning to provide users with different levels of access...

The crypto exchange giant Binance is here to make good of its goal to push forward the crypto world yet again through the launch of a new blockchain project dubbed Venus, which is touted the “independent regional version of Libra.” Yi He, Binance co-founder, stated: “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the...

After witnessing the success of digital currencies throughout the world, the People’s Bank of China is getting ready to launch a state-sponsored digital currency, and according to new analysis, it may overtake the mobile payment market from Alipay and WeChat Pay. The world is slowly moving towards online channels for payment transactions. We have already seen some major projects developed under the light of these trends such as Facebook’s upcoming cryptocurrency Libra. To keep a...

Monty Munford, a tech journalist for the BBC, has shared the story of how he lost £25,000 in cryptocurrency due to his own negligence. Cryptocurrencies are the path to true economic freedom and decentralization. However, until there are proper checks and balances in place to protect those who understand less of how the technology works and how it can be exploited, cryptocurrencies will continue to be used by unscrupulous swindlers to defraud people and rob...

An old Ripple (XRP)trade controversy has once again emerged from the shadows. The crypto company has been recently accused of selling unregistered securities by one of its investors, Bradley Sostack. And this time, the topic has once again surfaced with a bellicose tweet of cryptocurrency analyst Tone Vays. Vays states in his tweet that “[t]he SEC is bringing Thor’s Hammer… The next #Bitcoin Law Review is gonna be epic… Come at me $XRP Army “of...

Ripple (XRP)trade is currently trading at $0.2840. Recently, the digital coin’s price has broken the resistance of $0.28, turning it into support. The next resistance levl is at $0.2921. The XRP price might start moving between the channels and the above levels can be used for swing trading. Dow Theory According to Dow Theory, the virtual coin is currently appearing in the accumulation phase, which is an area from where the price shoots up, and...