One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.  There has been a wave of companies opening bank accounts in Hong Kong to take advantage of business opportunities, HKMA Deputy CEO Arthur Yuen wrote, and […]

The 30th largest cryptocurrency Filecoin (FIL) has recorded an increase in its 24-hour trading volume. This recent trend has attracted investors and traders closely monitoring its price movement. However, the coin struggles to break through the important $6 resistance. The question now is, will Filecoin be able to break the $6 barrier? What’s the future potential of Filecoin? Notably, FIL […]

Ripple’s On-Demand Liquidity (ODL) service may not be a newcomer to the FinTech landscape, but it continues to solidify its position as an innovative game-changer in the realm of cross-border transactions. This compelling solution, powered by the digital asset XRP, holds the potential to redefine traditional financial paradigms, particularly when it comes to cost efficiency and speed. Cross-border transactions have […]

Binance Coin (BNB) price has reached the $340 resistance level and is currently retracing its steps. Binance Coin price long-term forecast: bullish BNB has recovered above the moving average lines with a high of $330 today. This is the price action since February 3. On the upside, buyers were unable to sustain bullish momentum above the $340 high. The market […]

The bridging solution is enhanced with fast finality and improved user experience. Polygon zkEVM mainnet beta went live in March as an open-source, permissionless, and public platform. Polygon, the Ethereum layer-2 scaling solution, has integrated a PoS bridge to its zero-knowledge Ethereum Virtual Machine (zkEVM), according to an April 26 statement. Polygon Bridge for zkEVM has almost the same user […]

The neobank Cogni has announced that it is rolling out soulbound nonfungible tokens containing Know Your Customer (KYC) information to holders of its crypto wallet. The Polygon-based NFT will transfer customers’ “Web2” KYC verification done by the bank at account opening into a Web3 environment. Cogni, which has United States Federal Deposit Insurance Corporation coverage through a traditional New York […]

A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline.  A seed phrase or recovery phrase is a string of random words […]

Bitcoin (BTC) price remains trapped between the moving average lines as buyers try to break the 21-day line SMA. Bitcoin price long-term forecast: bearish Yesterday, Bitcoin (BTC) made a comeback and rose to the psychologically significant $30,000 level, but encountered fierce resistance at the recent high. The fervent enthusiasm of buyers was not enough to break the psychological price barrier. […]

Over 14 years ago, Satoshi Nakamoto unveiled the Bitcoin network to the world, creating the very first triple-entry bookkeeping system known to mankind. This technological wonder, with a current market value of $540 billion, ingeniously integrates encryption and mathematical formulas to fortify its security. In this exploration, we delve into two of the mathematical choices that underpin Bitcoin’s complex architecture, […]