Digital currency

Facebook forms new group to oversee payments and related financial efforts

Facebook Inc. today said it has formed a new product group to oversee its payments and related financial efforts. Facebook Inc. today said it has formed a new product group to oversee its payments and related financial efforts. It’s called F2 internally, short for Facebook Financial. The group, led by David Marcus (pictured), who also leads Facebook’s cryptocurrency […]

SEC Searches For New Tool to Analyze Smart Contracts, Blockchains

The U.S. Securities and Exchange Commission (SEC) is on the hunt for a new kind of blockchain forensics tool, specifically one that can analyze smart contracts. The SEC put out a call for various software firms to submit bids for this project on July 30, 2020, giving interested parties until August 13, 2020, to prepare a suitable […]

Mining Stocks Are Beating Bitcoin in a Bullish Cryptocurrency Market

Returns for Riot, Marathon and bitcoin since August 2019 Zack Voell Mining Stocks Are Beating Bitcoin in a Bullish Cryptocurrency Market Betting against bitcoin has been a losing battle for months with the crypto up more than 200% since its March lows. Benefiting from this rally, moreover, cryptocurrency mining stocks trading on U.S. markets are […]

Must-know tips for trading in a Cryptocurrency exchange

As digital currencies get more attention from the media, its market continues to grow with each passing day. Traders need to keep a close eye on the movement of prices before deciding to invest. Some of the tips for having a good trading experience in a Cryptocurrency exchange are: Possess a motive while entering a […]

ChainLink (LINK) Inches Closer to 100x in Returns Since ICO

In summary: The digital asset of ChainLink (LINK) continues on its bullish climb above $10. With a new all-time high of $10.77, ChainLink inches closer to providing 100x in returns for ICO investors. The ICO price per link was $0.11. ChainLink still has more room to grow in the crypto markets.  However, caution is advised […]

China’s leading spot in the race for technological innovation

The U.S. and China are competing for technological supremacy in almost every innovation field from artificial intelligence to 5G networks, from big data to the internet of things and from cloud computing to blockchain technology. The presence of a duopoly in the tech world is now certified by the 2020 edition of the Hurun Global […]

State-owned Sberbank eyes launching Russia’s stablecoin

Russia’s largest bank Sberbank is reportedly preparing to launch a stablecoin. The “Sbercoin” will be equal to a fixed amount of Russian Ruble and it will be used for digital financial asset settlements, the bank said. “Sberbank specialists have been working on the technical and legal possibility of issuing Sbercoin as a settlement tool for […]

Weiss Ratings places Ethereum as the top cryptocurrency, ETH/USD keeps falling

Weiss Ratings has dethroned Bitcoin to place Ethereum as the top cryptocurrency. Ethereum is followed by Bitcoin, Cardano, Litecoin and Stellar.  The rating firm noted that Cardano has the best technology. Weiss Ratings has dethroned Bitcoin to place Ethereum as the top cryptocurrency. The rating firm updated its overall digital asset rankings, which factors in […]

Ethereum (ETH) is Reestablishing itself as the 1 Dapp Platform

Majority of the popular DeFi applications are being built on Ethereum. The popularity of DeFi has resulted in Ethereum reestablishing itself as the number one DApp platform. 4.3 Million ETH is now locked in DeFi platforms, up 800k since mid-July. The DeFi boom of 2020 has had a positive impact on the Ethereum network in […]

Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate

After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring. The discussion was inspired by this week’s 51% […]

Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a […]

Goldman Sachs Allegedly Preparing to Launch Stablecoin

The prestigious US-based multinational investment bank, Goldman Sachs, is examining to create its own cryptocurrency with the view of developing a stablecoin; this revelation was made by the bank’s newly appointed Head of Digital Assets, Mathew McDermott while participating in a recent chat with CNBC today. McDermott, aged Forty-Six, is a financial analyst with decades […]

Russia to ease restrictions on cryptocurrency

After many years of restrictions, Russia is deregulating cryptocurrency and joining the global crypto industry Russian President Vladimir Putin recently proposed a new law to allow the trading of cryptocurrency. He thinks it will go into effect in January 2021. The policy still limits the capability to pay for goods and services with cryptocurrency in […]

Russia: New Legislation Renews Old Cryptocurrency Debates – Analysis

Cryptocurrencies have introduced a novel alternative to exchange commodities and services, moving away from government-backed fiat money. These virtual currencies have been a cause for concern and timely attention by several countries following their debut through Satoshi Nakomoto’s seminal work, ‘A Peer-to-Peer Electronic Cash System’ in 2008. The cryptocurrency space has evolved further complications since private players, […]

Blockchain Heroes Refuse to Accept ‘Old World’ Fiat Payments

In advance of its August 8 release, Blockchain Heroes has airdropped fans an NFT trading card featuring a crossover character from Topps. Digital collectibles trading card series Blockchain Heroes launches this week, but won’t be purchasable with old school fiat or credit card payments. Instead trading card fans will only be able to buy packs […]

Younger Investors Are Buying More Bitcoin, Older Ones Prefer Gold, JPMorgan Says

Younger investors prefer tech stocks and cryptocurrencies like Bitcoin Older investors sell equities and buy bonds and gold Bitcoin and gold’s correlation has increased, attributing to investor perception that both are safe haven assets Retail investing activity differs depending on the age of the investor, a study by financial firm JPMorgan revealed. Younger retail investors […]

China aims to use its CBDC to rival Alibaba and Tencent

China plans to use its digital currency electronic system to rival Alibaba and Tencent.  These two tech giants haven’t been listed as participants of the digital currency project. The People’s Bank of China (PBoC) seems to be planning to use its digital currency electronic system (DCEP) to compete with tech giants like Alibaba and Tencent, […]

Ethereum emerges as the leader as rally shuffles market

The entire cryptocurrency market saw increased volatility over the past week and has been witnessing tremendous ups and downs in terms of the price action. As the largest crypto, Bitcoin bid adieu to the kangaroo market, many other assets also broke away from their sideways movement and rallied in the market. As the week ended, […]

Early start on blockchain prevents West from kicking China out of digital currency race

Shares of digital currency-related Chinese companies edged up on Tuesday’s opening, with some rising by the daily limit of 10 percent. Investors were encouraged by a tone-setting central bank meeting on Monday which paved the way for the steady development of China’s Digital Currency Electronic Payment (DCEP) in the second half of 2020.  BJCA and […]

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator. Ryozo Himino, the new commissioner of Japan’s Financial Services Agency, says the agency is wary of deregulating private cryptocurrencies. Noting that the COVID-19 pandemic could accelerate the transition to a cashless society, Himono instead emphasized the potential role […]

Russia bans anonymous Bitcoin wallet deposits

Authorities in Russia have outlawed anonymous deposits to online digital currency wallets, in a ruling expected to affect as many as 10 million users in the country. The latest step in Russia’s piecemeal approach to regulating the digital currency sector, the ban has ostensibly been introduced to prevent the use of digital currency for money […]

Orchid: Bringing Decentralization to VPNs

Whenever we browse the web, read news online, or purchase a new pair of glasses from an e-commerce store, we leave traces. These traces sometimes show us content that actually provides us with value, but more often the information we leave is used in concerning ways with scandals like Cambridge Analytica just forming the tip […]

Customer Demand Sees Square Buying 598% More Bitcoin in Q2 2020

Square’s bitcoin revenue contributed $875 million and $17 million in gross profit which was partially driven by government stimulus and unemployment benefits. July has “delivered strong revenue and gross profit” in peer-to-peer payments and bitcoin investing. As Q2 ends, the financial report for the quarter ending July 30 comes flowing in with “strong growth” as […]

Human Rights Foundation Reveals More Recipients of Bitcoin Development Fund

The Human Right’s Foundation has announced the second round of beneficiaries for its Bitcoin Development Fund. Those chosen are working on tools to enhance Bitcoin’s utility for independent journalists and activists. Interest in non-corporate Bitcoin developer funding is growing thanks to efforts by HRF and others. The Human Rights Foundation has just announced the second […]

XRP searches are trending on Google

XRP searches on Google have revisited some former yearly highs last week. Bitcoin searches are still not as common as XRP, although Ethereum is not far behind. The growth in interest indicates the high popularity of the altcoin market amid the new rally. Ripple’s XRP has seen quite a bit of activity recently. Not only […]

Bitcoin ‘not entirely’ banned in China, arbitration commission says

Bitcoin is not entirely banned by the state in China, with the position more nuanced than is widely believed, according to a leading arbitration organization in Beijing. Beijing Arbitration Commission said Bitcoin related activities were not banned, despite China’s restrictive laws, because digital currency is essentially a commodity. In a report, the Commission clarified the […]

Top 5 Cryptocurrencies With Potential in the Long Run

Cryptocurrencies With Potential in the Long Run 1. Ethereum (ETH) – $38 billion mcap Ethereum – Tradingview We didn’t want to start with super major coins, however, Ethereum is simply too good to be ignored. Just recently, ETH has taken the lead being the first to see a breakout above a crucial resistance level and […]

Analysts Warn of Turbulent “Dog Days” of Summer; Will Bitcoin’s Rally Survive?

Bitcoin has found itself once again the talk of the finance world, even stealing some of the luster from the gold rally. And although August is normally a slow month for markets, analysts are warning of an especially turbulent summer.  With the dog days of summer ahead, and continued economic shakeup, can Bitcoin’s recent bull […]

The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

The Ethereum Foundation is looking to hire a dedicated security team to dissect all aspects of Ethereum 2.0. The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network. Justin Drake, an Eth 2.0 researcher at the […]

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