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Paul Thornton

Paul Thornton

Paul Thornton is a part of CryptoLighty's news reporting team. He holds bachelor degree in economics and sociology. He is strongly engaged in writing and trading in cryptocurrencies. He is involved in crypto from last 3 years. Before that, he was avid trader and analyst for forex markets.

Venezuela’s Weekly Final Report –Bitcoin Trading Volume Reaches New Height; 36.5 Billion worth of Bitcoin Purchased in a Week

Venezuela is experiencing difficult situations. The socio-economic condition of Venezuela is getting worse day by day because of high inflation. The reason for hyperinflation is due to US sanctions. To overcome hyperinflation, the Venezuelans are shifting towards adopting cryptocurrencies and believe it to be the only ray of hope as of now. This lets people […]

Cryptocurrency Exchange and Wallet CoinDirect has Added Dash Coin to the Platform, Expected to Expand Reach

Cryptocurrency market faced the worst bears in 2018. The entire crypto space kept bleeding throughout the year, with many currencies losing as much as 90% of their price value. The largest cryptocurrency in terms of volume, value and market cap, Bitcoin, continued to lose the price battle for six consecutive months, finally ending the streak […]

ICO Peaking Up

After a tough 2018, Initial Coin Offering (ICO) is trying to make a come back. More businesses, especially startups are keen on ICO as it helps them raise the much needed funds. However, they are also wary of its failure rate. In 2018, as per latest data, 55 per cent of ICOs failed to complete […]

SEC Has to Embrace Golden Opportunity: Commissioner Hester Peirce

Blockchain technology presents a ‘golden opportunity’ for the Security Exchange Commission (SEC). A crypto enthusiast, Hester Peirce, who is also the SEC Commissioner said the Commission needs to welcome innovation. Perice made these statements at the University of Missouri School of Law event, ‘Protecting the Public While Fostering Innovation and Entrepreneurship: First Principles for Optimal […]

Potential Regulations Keep Businesses Shy of Blockchain

Businesses shy away from blockchain because of the fear of potential government regulations. And there is a heavy distrust. But then again, the anonymous, Satoshi Nakamoto, had created the Bitcoin on a blockchain without relying on centralized institutions or trust. The system is entirely decentralized, with data stored on thousands of internet connected computers worldwide. […]

Japanese Banks Ditch Peer-to-Peer Remittance Plan to Develop Own Cryptocurrencies

Japan’s three largest banks have ditched the peer-to-peer remittance service program and are now working towards developing their own cryptocurrencies. The remittance service program, launched in 2017, had been taken up by Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group. They were developing a blockchain-powered system to facilitate money transfers between […]

SEC Wants ‘Specific Blockchain Data’

The US Securities and Exchange Commission (SEC) is after the most widely used blockchain ledgers for ‘an insight’. To make its search easier, the SEC has issued the sources-sought notice which clearly states that the regulatory body is ‘looking for firms offering specific blockchain data’. The press release says, “the SEC is seeking information for […]