Crypto news

Jack Dorsey’s Square recorded more than $150 million in bitcoin revenue during the final three months of 2019. Dorsey and his company have long been hardcore bitcoin and crypto advocates, with Square ultimately forming its own digital asset division known as Square Crypto.Dorsey and Square Bring in Big BucksThe amount of BTC-based money recorded by Square is upwards of $178 million in total, while Square itself was able to pocket about $3 million in bitcoin revenue. That’s about a 50 percent...

Earlier this month, under its “The Future of Everything” vertical, The Wall Street Journal reported how AI is improving the power grid. The Journal says artificial intelligence is “the key to keeping the lights on.” The article explains how power companies are “turning to AI, drones, and sensors to curtail outages, save money, and help operate an increasingly complex electricity grid.”Further, by doing so, they cut the recovery time from hurricane-related outages nearly in half in just a...

Unbound Tech’s all-in-one security solution enables fast transaction signing and scalable, risk-based approval policies, and is being used by the likes of digital asset exchanges Liquid and Archax.Unbound Tech, an encryption key management company backed by the likes of Goldman Sachs (GS:NYSE) and Citigroup (C:NYSE), has announced a major upgrade of its Crypto Asset Security Platform (CASP) which it says “directly answers the security and trust needs of large institutions wishing to adopt...

Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.Wall Street went through a historic drop this week all “thanks” to fast-spreading coronavirus that worried investors and traders. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the World Trade Organization (WHO) updated the coronavirus global risk to...

Since our previous price analysis two days ago, we saw Bitcoin trading under a tight range between $8500 from below and $8700 from above – which is the 200-days moving average line.As been mentioned in our recent price analysis, the $8500 is considered a critical support area. So far, this support holds nicely over the past three days, whereas the next few hours are likely to decide the upcoming move of Bitcoin’s price. The declining amount of trading volume also supports this thesis.Despite...

A recent report claims that criminals primarily use cryptocurrencies for money-laundering in Latin America. Most countries in the region lack serious security measures leading to exuberant thefts executed by organized criminal groups.LATAM’s Dark SideCompiled by the cyber intelligence company IntSights, the report went in-depth on Latin America’s involvement with illegal financial activities. More specifically, it outlined numerous sophisticated organized crime groups acting in the region....

The famous exchange CMO posted a ‘joke’ in which Binance was supposedly looking for a woman with a beautiful, large chest to work at the Client Support Department.Despite Binance usually hire Support people while looking at their juridical, programming or marketing skills, not chest… this time it was a slightly different story. Binance Chief Marketing Officer He Yi has posted a job offer on the official channel in Weibo, which is a Chinese analog of Twitter.Per the Decrypt translators, the...

The U.S. government is being very strict when it comes to Petro trading. While the Petro is not a North American cryptocurrency, U.S. citizens who use it or trade it will be subjected to harsh penalties.The Petro Isn’t a Popular AssetAs we all know, the Petro has a relatively shady history – so shady, in fact, that President Donald Trump has issued an executive order preventing all American citizens from trading Petro units. A state department spokesperson with the Western Hemisphere Affairs...

Cryptocurrency exchange Luno – based in London in the United Kingdom – has stated that it will soon add Ripple’s XRP to its list of tradeable assets for customers to enjoy.Ripple Is Coming to Luno CustomersThe news comes after Luno engaged in a year-long poll in which all its customers were asked which new asset they would be the most interested in trading or purchasing in the future aside from bitcoin (BTC) and Ethereum (ETH), as the exchange already offers these assets to its users. Ripple...

Bitcoin is good, but gold is still much better.Analysts Say Gold Outranks BTCThat’s the sentiment of most analysts, today. At the time of writing, bitcoin – the number one cryptocurrency by market cap – is not doing so hot. The asset has fallen by another $400 overnight as fears of the coronavirus continue to swell throughout the globe, and it doesn’t look like things are going to ease up anytime soon.There has been an idea meandering throughout the crypto space for some time that gold and...