An external Chainlink adapter is capable of communicating with Tesla cars and devices.

Recently, it announced that it was contributing $10 million to Mercy Corps to enable it to leverage digital assets as it strives to achieve financial inclusion amid an emerging market. The announcement was made during Ripple’s 2020 Swell conference, which is held annually. Through the contribution, Ripple is hoping that economic empowerment could be increased on a global level.

Goldman Sachs believes that the risks arising from vaccine trials and the uncertainty of the US election could weaken the dollar. The investment bank recommended short positions against the dollar, as they saw “low odds” for the dollar to have a positive outcome by the end of 2020.

A group of seven central banks along with the “central bank for central banks” have released a report setting out initial principles for how national digital currencies can help implement monetary policies.

US stock markets are looking beyond the US election with optimism as Bitcoin receives a $50 million vote of confidence. US markets are increasingly looking beyond the election with optimism. Bitcoin received a $50 million vote of confidence after Square investment. The US Attorney General released a report calling for greater regulation in crypto.

Bitcoin maximalist Anthony Pompliano has claimed that Jeff Bezos can shut down Ethereum-based DeFi dapps any time as Pomp seriously questions their decentralized nature.

The Securities and Exchange Commission (SEC) could charge any unregistered initial coin offerings (ICO) if it is operated in the US or sold to the Americans, with no exceptions for popular companies or projects. The SEC has charged well-known entities, including Telegram, EOS, and Kik.

Trump cancels COVID fund sending markets into the red. Crypto feels the burn as UK bans derivatives trading. Trump pumped the brakes on a new round of stimulus funding. Markets globally took a sharp downturn as hopes of a speedy recovery were dashed. Crypto was also down as UK regulators ban derivatives trading and Europol calls out crypto's role in organized crime.

Regulations in the United States have been quite hostile for crypto-businesses, and this has forced several companies to shut down shop in the nation. Voicing his concerns regarding the lack of regulatory clarity, Ripple Executive Chairman Chris Larsen has said that this could force the San Francisco-based blockchain payments giant to move abroad.

United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), which first proposed such a ban in July 2019, said prohibition would save 53 million pounds ($69 million) a year in losses for retail investors once it comes into force on Jan. 6. Customers with existing holdings will be allowed to remain invested as long as they wish. Shares of the spread-betting firms that offer the crypto derivatives slid in London trading.

Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017.

Everyone involved in blockchain and cryptocurrencies knows that it is a rapidly evolving space. Since the first Bitcoin was mined in 2009, several developments have led to the formation of what is known today as the Crypto-Industry, one characterized by a 24-hour market, DeFi, and over 2000 cryptocurrencies.

According to Glassnode data, more than 40,000 Bitcoins worth about $400 million have been withdrawn from Bitmex in less than 24 hours after the US Commodity Futures Trading Commission (CFTC) filed a legal enforcement action against the cryptocurrency derivatives exchange’s owners. The amount of Bitcoin withdrawn from Bitmex is 19% of the crypto exchange’s total funds.

The European Central Bank (ECB) hasn’t been too vocal about its plans regarding a Central Bank Digital Currency (CBDC), or in this case a Digital Euro. However, the central bank has recently published a comprehensive report on the digital euro, stating that it needs to be prepared for a time when a CBDC becomes necessary.

U.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission, ruling that the Canadian messaging firm Kik’s $100 million Initial Coin Offering violated federal securities laws. Judge Kellerstein responded to both parties’ requests for summary judgment, determining that Kik’s 2017 token sale meets the definition of a securities issuance according to the Howey test, as the ICO participants had a reasonable expectation of profit.

The price of Bitcoin has dropped 7% in the last month, down to its current price of $10,891. But this comes as no surprise. Historically, September has been seen as one of the worst months of the year for Bitcoin market performance. Since 2011, Bitcoin has closed in the red for seven out of 10 years, and closed in the red for four years in a row, with Bitcoin losing 6% in September 2018, 8.6% in September 2017, 14% in September in 2019, and 6.7% in September 2020.

Andre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance, which has still yet to launch. Although Eminence Finance has no website and has not officially launched yet, Yearn.finance token YFI holders have already deployed capital into the Eminence contracts.

Per the announcement, the Mastercard virtual testing platform is an innovative virtual and custom testing platform that will allow central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem. As the announcement detailed, the platform will enable the simulation of issuance, distribution, and exchange of CBDCs between banks, financial service providers, as well as consumers.

Traditional channels continue to dominate the estimated $2 trillion global money laundering racket instead of cryptocurrencies, a report says. According to a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the role of cryptocurrencies in money laundering is overstated and unfounded, with fiat money still the most used method for such illicit purposes.

Indian based technology company Tech Mahindra announced today that it has partnered with US-based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain. The collaboration is billed to last for the next 12 to 18 months.