Crypto news

Bank of America, one of the most prominent banks in the United States, has taken a bold step by adopting Blockchain technology after testing out Ripple’s Distributed Ledger Technology (DLT) in its banking system and appears to be ready to go a bit further with the implementation of the technology.Bank of America’s commitment to Ripple might just stir the storm for other banks too. This development of the course has been in process for a long while and is by no means sudden. Last year in...

It seems like some members of Congress still have no love for Libra. In fact, a few are even advising Facebook to adopt bitcoin and avoid the Libra project altogether. Among the people suggesting this is U.S. Congressman Warren Davidson of Ohio.Davidson to Facebook: Forget About LibraDavidson says he was first introduced to bitcoin back in 2013. He acknowledges that while bitcoin isn’t necessarily perfect, it is a decentralized system that gives its users freedom in how they conduct...

Photo: Matic NetworkWith a young and digital-savvy population, it’s no surprise that India established itself as a technology powerhouse more than a decade ago. Many multinational corporations took advantage of salary arbitrage to outsource or offshore their IT operations, leading to an explosion in India’s digital economy. As of 2018, the Indian tech industry was worth $181 billion.However, in the blockchain space, things look somewhat different. The US is home to Coinbase, Switzerland can...

Information determines decision-making, but details determine success or failure. That’s the main principle that should be applied to trading and in this article, we will explain to you how it works.JEX was recently acquired by Binance. After Binance’s announcement, JEX’s token rose and fell sharply in just a few days. JEX should be one of the most professional trading platforms for blockchain derivatives and the world’s first digital currency exchange for option trading which was noticed by...

At press time, bitcoin – the number one cryptocurrency by market cap – is back above the $8,000 mark following a nasty scare yesterday that saw it fall into the $7,000 range once again.Bitcoin Is Moving Up AgainMany analysts immediately took to social media and other platforms to explain the reasoning behind bitcoin’s sudden, if short-lived, demise. Jeff Dorman, chief investment officer of the asset management firm Arca, explained:The move lower is less about the magnitude and more about the...

Recently Volvo Cars introduced its first electric car dubbed the XC240 recharge. This indicates that the company is looking forward to moving from mechanical only cars to electric cars which are becoming in vogue in recent times. In a series of firsts, the XC240 recharge is unique in its own right as a car. It is not only the first electric car made by the carmaker, it is also the first car in Volvo’s brand to have its onboard entertainment system to be based on Google’s Android.As also the...

Cryptocurrencies are becoming more widely discussed – and regulated – in a broad range of countries, including Turkey. A few months ago, the country announced plans to implement a central bank digital currency based on blockchain technology. Huobi, one of the more popular cryptocurrency exchanges, is looking to strengthen its already strong Turkish presence. CryptoPotato recently had the chance to conduct an exclusive interview with the exchange’s CEO Livio Weng.Cryptocurrencies in...

According to a report out of The Logic, the Bank of Canada is preparing to run the gauntlet and potentially launch its own digital currency in the near future. Journalists secured access to a presentation dubbed “Central Bank Money: The Next Generation”. The paper was prepared for the central bank’s board of directors and its governor Stephen Poloz. If launched, the digital currency would work hand in hand with physical cash. The bank, however, plans to eventually scrap physical trading...

The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city will be covered under two plans by two insurance firms – Chubb Insurance and AXA XL Insurance. Chubb Insurance...

In a recent interview with Pierre Rochard and Michael Goldstein, hosts of Noded Bitcoin Podcast, U.S. Congressman Warren Davidson suggested that Megatech company, Facebook, would be better off adopting an already ubiquitous cryptocurrency like Bitcoin than creating theirs.The Libra IronyWarren Davidson, who is a member of the United States House of Representative from Ohio’s 8th congressional district, very recently termed Facebook’s new proposed cryptocurrency in Libra a blatant...