Privacy-oriented cryptocurrency Dash has announced its first quarter of 2020 financial report to investors, revealing solid growth in adoption and commercial payments. According to the report, commercial payments using Dash grew 104% for Q1, helped by a number of partnerships in the Latin American region. Solid year-over-year growth During Q1 2020 the number of active Dash wallets installed on mobile devices reached 101,747, representing a 214% increase year-over-year and a 21% increase on the previous quarter. In the same period, the median number of daily commercial payments using Dash grew to 17,127, a growth of 104% year-over-year. This growth has …
In the early hours of Saturday, IOTA advanced as much as 41.32 percent and moved up one place in the rankings. In the process, it made a casualty of privacy-centric Dash to become the number seven digital currency. The swelling pushed IOTA's market value to more than $1.7 bln. Veritably, this marked the second time the business-to-business token is overtaking Dash in the rankings. It will be recalled that barely two weeks ago when IOTA, in an extraordinary move, entered the elite zone. Dash was one of the three entities it shoved aside. Will Dash fight back? Given the resiliency …
Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures Act and the Trust Companies Act. The new rules place crypto services under the oversight of the Monetary Authority of Singapore. The regulator announced in a press release published earlier today that the new framework is expected …
China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements. Central bank governor: We need time to research As local English-language news outlet Global Times reported on Sept. 24, the People’s Bank of China (PBoC) has now denied Beijing is ready to debut its new financial asset. According to the publication, which did not quote governor Yi Gang directly, the PBoC “needs to research, test, evaluate and prevent risks.” “China's research and development of digital currency has achieved positive progress, but the country has no timetable to …
Recently hacked Japanese crypto exchange Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18. Following reports from back in March, the exchange has now officially confirmed the removal of the four anonymity-focused coins will come into effect June 18. According to Coincheck’s blog, the exchange will remove the four cryptocurrencies to comply with counter-terrorist financing (CFT) and anti-money laundering (AML) measures recently issued by Japan’s financial regulator, the Financial Services Agency (FSA). The FSA has been especially active in regulating domestic crypto exchanges, specifically around customer protection, …