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Chia In Spotlight Amid Global Hard Disc Shortage
28.5.2021
Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ bad impact on...
Shield Protocol: Tokenomics for a Trustless and Long-Term Value Decentralized Network
27.5.2021
Like Bitcoin, DeFi’s ambition to build a fully decentralized global network is the fundamental source of its revolutionary characteristics – that of being trustless and enabling disintermediation. It is these two characteristics that build the core value of DeFi and determine...
Tensions High At IGN After Management Claims Palestine Post Takedown Was Not Corporate Interference
27.5.2021
The weekend before last, IGN published and then pulled a post with links to charities in support of Palestinian victims who’d been devastated by Israeli violence. This spurred over 80 IGN staffers to sign and publish an open letter decrying corporate management’s subversion of their editorial...
JPMorgan, Goldman Sachs Initiate Coverage of Coinbase Stock — up to 60% Price Upside
25.5.2021
Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with a buy rating. JPMorgan, Goldman Sachs Now Covering Coinbase Stock A couple of major investment...
‘Chinese Invented Paper Money and They Will End It’- Brazil’s Far-Left Praises Digital Yuan
25.5.2021
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article claims that CBDCs such as China’s digital...
US must win CBDC race to maintain dollar's global reserve currency status: Federal Reserve Governor
25.5.2021
The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency
Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate
24.5.2021
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour...
Goldman Sachs: Bitcoin Is Now Considered an Investable Asset, Clients Are Treating BTC as New Asset Class
24.5.2021
Global investment bank Goldman Sachs now considers bitcoin an investable asset. “Clients and beyond are largely treating it as a new asset class, which is notable — it’s not often that we get to witness the emergence of a new asset class,” said Goldman Sachs’ analyst....
South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
24.5.2021
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board...
Red Bull Racing Honda Names Tezos as Its Official Blockchain Partner
21.5.2021
The freshly unveiled collaboration between the organizations aims to deliver a unique fan engagement experience for Red Bull Racing Honda in the form of unique digital collectibles that leverage Tezos’ scalable, efficient, and self-upgrading network. Formula One Team Inks Multi-Year Technical...
How Japan Became Global Leader in Cryptocurrency & Blockchain Adoption
21.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
It isn’t easy to analyze the history of cryptocurrency and blockchain without eventually bumping into Japan, Satoshi Nakamoto, and the birth of bitcoin as well as the first blockchain in the land of...
TRGC to Unlock Blockchain’s Immense Opportunities for Global Investors
20.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
After four years, the fund will open its doors to outside investors during this period of explosive growth in blockchain and DeFi.
The increasing...
Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’
18.5.2021
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase...
Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided
18.5.2021
Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the investment firm emphasized that “the impact...
IGN Staff Criticizes Management's Decision To Pull Article Supporting Palestinian Aid Groups
18.5.2021
Today, the IGN editorial staff published an open letter decrying Sunday’s removal of an IGN article and its associated tweet that linked to charities supporting Palestinian victims of recent Israeli violence.Read more
Global Payments and GoCrypto Shape the New Era of Payments
17.5.2021
PRESS RELEASE. 17 May 2021 – The adoption of crypto payments by one of the world’s biggest payment solution providers can mean only one thing. Cryptocurrency payments are now on the verge of going mainstream. GoCrypto, a payment solution that enables merchants to accept...
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
16.5.2021
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto...
Does Digital Yuan Threaten Global Stability?
16.5.2021
Daniel Broby, Director, Centre for Financial Regulation and Innovation, University of Strathclyde.
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China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were...
While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
16.5.2021
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used...
DeFi growth helps push crypto’s share of the global money supply above 2%
16.5.2021
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption