Crypto news

The year 2017 was the year of Bitcoin. Its price rose by a stunning 20x and the whole world suddenly wanted to get a share of the “new gold”. The “Bitcoin bubble” refers mainly to the last two months of that year, November and December. At that time, anyone who said anything online about Bitcoin saw a massive amount of traffic, and everyone was rushing to buy. YouTube played a major part in the crypto revolution. 2017 was the year that many YouTube influencers, or crypto YouTubers, came into...

The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling over, as the Financial Times reports that representatives from PayPal abstained from yesterday’s Libra association meeting. 28...

Ripple (XRP) has seen a promising 5% increase over the past week, bringing its price up to $0.25. The latest increase is largely due to XRP rebounding against BTC as a continues tryout to break above the resistance of the 3100 SAT level. The coin has struggled over the past three months after dropping by a steep 36%. However, the market looks to be on the road for bullish recovery. XRP is the third-largest cryptocurrency with a market cap of $10.87 billion, according to CoinGecko.Looking at...

Photo: Vanguard / LinkedInThe Vanguard Group is currently running tests on a new foreign exchange (FX) service which is powered by blockchain technology and will run peer-to-peer. The mutual fund giant is doing this to encourage asset trading and make this activity easier for managers, letting them trade currencies without the costs associated with involving the big investment banks.Bloomberg reports that a familiar source close to the project has revealed that the platform has already been...

Verisart is a platform designed to conduct certification and verification of artworks of different types which is carried out with the help of blockchain. Now it has become known that it has managed to get $2.5 mln in seed financing. The list of the most prominent participants of this round included Sinai Ventures, Galaxy Digital, EOS Fund, and Rhodium. The money raised will be used for further expansion of the company’s art platform.Robert Norton, who is a co–founder and CEO of Verisart...

Apart from its ongoing antitrust investigation as put forward by the Federal Trade Commission (FTC), Facebook is also having a rough time regarding its proposed digital currency, the Libra. A few months ago, Facebook announced its plans to float its own cryptocurrency and also released a whitepaper to the effect.As part of the announcement, a Libra Association was announced, an association made up of several big companies including Uber, Mastercard, Visa, eBay, Spotify and many other...

Apple CEO Tim Cook confirmed to Les Echos on Thursday that the American smartphone giant won’t be taking steps to develop its own cryptocurrency. As the Facebook debacle continues, mainstream media has been left to speculate on who next will wade into the murky waters of decentralized payment systems. When asked how Apple would respond in the wake of Facebook’s attempted Libra launch, Cook responded: “No. I deeply believe that money must remain in the hands of states… Money, like Defense,...

XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.You probably won’t be excited to buy XRP in 2019 when you consider the...

Ripples’ XRP has been pegged to several cryptocurrency pairs on Binance DEX independently of Ripple‘s Mainnet. Binance CEO Changpeng Zhao indicated this in a tweet:This was suppose to be announced a bit later. But such is the nature of blockchain project, #transparency. Can't hide anything.Well, there you go, #XRP (on chain pegged) on #BinanceChain and @Binance_DEX.Guess which flood gates this opens up? https://t.co/Mxpm5jZCfz— CZ Binance (@cz_binance) October 3, 2019Binance Dex, the platform...

On Thursday, after Facebook announced its new Threads app, Snap Inc. (SNAP) stock fell up to 7%. Facebook’s latest attempt to clone features already being used by Snapchat is only one of many, which has since pitched both social media giants together in the public eye.Even though Threads is a stand-alone app, it allows users already on Instagram to exchange status updates and media including photos and videos, to specific people who make up their “close friends”, an Instagram feature which...