Crypto news

A power plant in upstate New York known as Greenidge Generation says it’s mining up to $50,000 in new bitcoins each day.Greenidge Has the PowerThe average number of new coins extracted through the plant – which has been using its own energy reserves to get the job done – has been 5.5. Greenidge Generation says it’s looking to potentially put the U.S. on the map as a serious crypto competitor to China, which at the time of writing, controls much of the world’s bitcoin mining power.The company...

Bitcoin recognition continues – This time from the French Commercial Court of Nanterre. Having to establish its role during a lawsuit, the Court ruled that the largest cryptocurrency is a “fungible intangible asset,” similar to fiat money.Bitcoin Is MoneyBack in 2014, Paymium, a French exchange platform loaned 1,000 Bitcoins (worth $9.1 million at the time of this writing) to an English alternative investment company BitSpread.However, after the August 2017 Bitcoin fork that eventually...

Is Twitter about to lose Jack Dorsey?Dorsey Could Be Forced from TwitterIf that’s the case, bitcoin’s price could suddenly shoot sky high. The situation is that approximately $1 billion in Twitter stock has been purchased by Elliott Management, a Wall Street investing firm run by Republican Paul Singer. Singer has often referred to bitcoin in a negative light, and recently called it one of the most “brilliant scams in history.”However, Dorsey – as we all know – feels very differently. Aside...

Tezos announced on its new Carthage update has been successfully activated at block 851,969 on the chain. Carthage is the third system-wide protocol update on the Tezos blockchain so far and is focused on making further improvements to the previous Babylon update.The Carthage Protocol UpdateTezos is an open-sourced, decentralized blockchain. According to some, the Tezos network is a real ‘digital commonwealth’ that works to facilitate transactions by creating smart contracts between users....

India has removed its ban on cryptocurrencies.Crypto Can Find a Home in India AgainThe ban first emerged in 2018 by way of the Reserve Bank of India (RBI). The financial institution stated that cryptocurrencies were not real money in that they did not exist in physical form. In addition, governments are usually responsible for issuing new forms of money. As crypto did not come by way of a government entity, they were invalid and unfit to be used as a means of payment.However, the ban was not...

The partnership between Ripple and Coinone is spreading quite impressively and controlling a large part of the Korean international remittance market.Ripple’s efforts at changing the face of worldwide remittance have brought the company a lot of recognition. Especially as far as cryptocurrency and blockchain technology are concerned, Ripple is easily atop most other companies looking to fuse remittance with crypto. RippleNet now boasts of hundreds of partners and the company keeps spreading...

Ripple’s partner Moneygram will work with Google Cloud and Amazon Web Services to enhance its opportunities and increase customer satisfaction.MoneyGram is working with new partners. These partners are Google and Amazon. They will reportedly use their services to make MoneyGram’s services better. Amazon’s cloud services (AWS) will make transactions faster. Google Cloud will help study customer behavior. The cost of transferring money is now cheaper due to the increase in digital services....

Facebook (FB) stock has negatively reacted to the current situation in the U.S. caused by the coronavirus outbreak and all the related risks.Facebook Inc (NASDAQ: FB) stock has dipped 3.45% in the premarket to trade below $190 price level as the company is advising its employees from the greater Bay Area to stay at home due to fears of coronavirus spread in the locality. The instructions to cancel any work trip will affect its California headquarters and also it’s Menlo Park.This a huge blow...

Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.Amid the coronavirus spread, except cruise-liner stocks that were affected the most, the second one on the hit is the airline sector.Shares of American Airlines Group Inc (NASDAQ: AAL) are continuously falling a few days in a row now. At the time of writing, the stock was falling 6.17% to $15.05 in...

This week has been somewhat positive for the cryptocurrency community. Starting with Bitcoin’s price, which began trading at $8,600 but, since then, it has risen to the current stance of above $9,000.Following its increase, Bitcoin is starting to escape the correlation it recently demonstrated with the traditional financial world markets. As the coronavirus outbreak keeps expanding into new territories, the stock market struggles again. Despite recovering slightly at the start of the week,...