Search
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
10.12.2020
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles...
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
10.12.2020
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have...
‘Absolutely Inevitable’: Standard Chartered Bank CEO Sees Widespread Cryptocurrency Adoption
9.12.2020
Standard Chartered Bank CEO Bill Winters sees the adoption of digital currencies as “absolutely inevitable.” He says there is a role for both private digital currencies and state-backed ones. His bank subsequently announces that it is launching a crypto custody service, supporting...
Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases
9.12.2020
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With...
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
YfDFI Finance and Ferrum Network to Revolutionize Staking in New Partnership
9.12.2020
PRESS RELEASE. YfDFI Finance, the innovative community-centered DeFi financial center, joined forces with the established project Ferrum Network to revolutionize the way staking is currently seen. The partnership’s initial phase will focus on staking, but the ambitions reach further...
Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire
9.12.2020
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported...
Gold Bug Frank Holmes Optimistic About BTC Prospects in 2021, Says Halving Cushioned Demand
9.12.2020
The well known gold bug, CEO and chief investment officer at U.S. Global Investors, Frank Holmes recently sat down for an interview and discussed his price predictions in regard to the 2021 value of gold. Holmes also said that cryptocurrencies will continue to do well next year, as he believes...
Hackers Demand Over 1,800 BTC From Electronics Giant Foxconn After Ransomware Attack
9.12.2020
A multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn,...
Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar
9.12.2020
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while...
Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
9.12.2020
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police...
EURST Stablecoin – The Cost of Answering the Call of the Economic Times
9.12.2020
The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution...
Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush
9.12.2020
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset...
Free TON, From an Abandoned Project to the Frontier of PoS Networks
9.12.2020
The Durov brothers fought a long and exhaustive battle with the United States Securities and Exchange Commission (SEC) over the Telegram Open Network (TON)’s acceptance in the United States, which ended with an official announcement that the further development of the project was abandoned....
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
9.12.2020
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains...
Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin
9.12.2020
Microstrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million...
Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
8.12.2020
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring...
Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week
8.12.2020
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest...
Three Years In: A Bitcoin Cash Update From One of Its Founders
8.12.2020
It’s been over 3 years since August 1, 2017, the day Bitcoin Cash was born. I know because I was there and part of the loosely knit ‘team’ that launched the Bitcoin Cash project. Now, after some time has passed and events have unfolded, I am excited to give you an update on where...
G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting
8.12.2020
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven...