In a recent speech to a group of bankers and regulators at the Bund Summit in Shanghai, the founder and former chairman of Alibaba Group, Jack Ma, offered critical acclaim to the disruptive nature of digital currencies in shaping the future global economy. He said: “Digital currency could create value
Big-data service provider CyberVein just released its first decentralized non-fungible token issuance (NFT) platform, dubbed CROSS. The launch sees a strategic partnership of CyberVein and DAVE to more effectively leverage data assets and technology. For operational efficiency improvement, DAVE plans to incorporate other technologies like big data, Internet-of-Things (IoT), Artificial
London-based blockchain investment and fintech firm Cashaa is opening 34 physical branches in India, in partnership with India's United Multistate Credit Cooperative Society. By establishing UNICAS, a joint venture offering interest on crypto deposits, the firm plans to scale up to 100 physical operations to facilitate crypto adoption
A report from the University of Vienna shows that North America and Europe control the Lightning Network, with 45% and 43.1% of the world’s nodes, respectively. In North America the Lightning Network has gained popularity in the United States. While crypto adoption is up in Latin America, it
Bitcoin miner Marathon purchased 10,000 next-gen S-19 Pro Miners - commonly known as the Antminer S9s, in partnership with Bitmain for mining capacity boost on the US market. The agreement will see an addition of 23,560 miners and make Marathon become the top US bitcoin mining group. Marathon
Tether’s general counsel Stuart Hoegner has claimed to be helping podcaster Peter McCormack in a lawsuit filed by Craig Wright, the Australian national claiming to be bitcoin creator Satoshi Nakamoto. Hoegner blames crypto media platform Coingeek for abandoning the host of the “What Bitcoin Did” podcast in his defense
Data provided by on-chain analysis firm CryptoQuant shows that a large amount of Bitcoin deposits at exchanges starting rising on October 22. Amid the increased number of market sellers throughout the weekend, the surge in Bitcoin shows little sign of slowing. There likely two reasons for this surge. First, higher
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Senior Bloomberg strategist Mike McGlone has predicted that the BTC price will reach $100K by 2025 in an interview with Kitco News. McGlone pointed out that Bitcoin still has more than enough space for price growth, citing that the cryptocurrency had previously jumped from $1000 to $10000/bitcoin over the
A London-based attorney, Dr. Jonathan Levy, requested that the EU committee start-up a superfund to help victims of crypto scams. The parliament's petitions team decided, however, to reject Levy’s petition. The reason the petition was rejected as stated by European committee officials, is an existing number of
Attorney Brian Klein has filed a motion to dismiss charges against Virgil Griffith, arguing that the US Government has failed to prove its accusation against his defendant, Ethereum developer Virgil Griffith. Griffith is accused of violating the International Emergency Economic Powers Act (IEEPA) and executive orders by delivering a technical
Analysis
It is no more news that crypto lending and borrowing platforms are increasingly replacing traditional credit systems. Much of this change is attributed to the flexible, cheap, and high yielding nature of crypto-powered lending and borrowing programs. These factors, coupled with the possibility of collateralizing cryptocurrency to raise fiat or
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PayPal, the multi-billion dollar global payments platform, has announced that some clients will be able to both send and receive cryptos for in their accounts next year. Shares in the company traded as much as 4% higher on the news, and some commentators think that this event is responsible for
A member of Germany's central bank, Burkhard Balz, has once again raised questions over the dangers of CBDCs, and how governments could create ways to ensure the stability of a national banking system. Balz contends that using CBDCs as a store of value isn't a good
Grayscale Investments, a leading crypto investment firm, has added at least $1 billion to its Assets Under Management (AUM) this week. As a part of that, the CEO commented that the firm had attracted as much as $300 million in new capital in a single day. The vast majority of
According to recent research from Arcane Research, undocumented immigrants are using Bitcoin to send money home. Many people leave their own country to work abroad, and need to send money back to the families they left behind. Regular banking channels are off limits, so they need to find ways to
The CEO of MicroStrategy, Michael Saylor, recently addressed online chatter about how the company would handle its $425 million position in Bitcoin. Many have speculated that the company had entered the Bitcoin market on a speculative basis, and will cash out when it makes a large return on its Bitcoin