Tag Archives: News

The British Virgin Islands are trying to take over the monetary space by establishing their own cryptocurrency. The asset would serve as the region’s national form of fiat, but how valid is the plan?British Virgin Islands Constitute High Levels of Crypto ActivityIt appears we’ve entered an age where virtually every country or corporation is looking to establish some sort of presence in the crypto arena. Examples include China and, of course, Facebook.China is a huge country with more than a...

The Warren Buffett‘s wealth tip directed at young people is now public information. Buffett is currently the fourth wealthiest person in the world, with an estimated net worth of about $85 billion. The investor and philanthropist who is also the chairman and CEO of Berkshire Hathaway is one of the most sought after personalities in the world, as people are always looking to get some knowledge and insight from him. One person, Michael Hood, was able to do just that.Hood is the co-founder of...

According to Arianna Simpson, founder and managing partner at ASP, Binance just increased the heat on the staking market. It offers 0% staking fees for the XTZ fans, a week after Coinbase‘s announcement of XTZ support. This is the beginning of a staking war, where centralized players take operational costs on themselves and achieve brand recognition, new clients and centralization of the future market.1/ Coinbase adds automatic staking for XTZ, and less than a month later, Binance introduces...

It seems that Libra developers are pretty serious when it comes to launching next year. The Libra Association announced it has published its second, 2.0. roadmap for Libra Core, the initial software that supports the planned Libra network. Even though there are many regulatory uncertainties, and there are no concrete dates for an actual launch, Facebook‘s Libra is continuing to build up its community.As per the recent blog post, the project seems to be still operational and already tests its...

On the 24th of September, the Speaker of the United States House of Representatives announced an official impeachment inquiry opened against sitting President Donald Trump. The issues against him ranged from obstructing Congress to some foul play in his recent dealings with the president of Ukraine, Volodymyr Zelensky. Even though Trump is yet to be removed from office, the president has now been impeached by the House and reactions have begun to pour in. Interestingly the stock market has...

Alexander Holmes, CEO of MoneyGram, the main money transfer organization, as of late talked about his joint effort with Ripple, much the same as Brad Garlinghouse, CEO of Ripple, anticipates that the world’s biggest banks should adopt digital forms of money in 2020.It is accepted that 2020 will be the year when digital forms of money proceed to wider growth, and not every person can endure.In the recent interview, Holmes said that their joint effort with Ripple could change the payment...

Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token, FTT. In that context, Sam Bankman-Fried, FTX founder and CEO said:“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX...

The major technology players have teamed up and joined forces to create a common standard that will allow home devices to be able to connect. The technology giants that include Apple, Google and Amazon will create a common standard. This standard will allow devices to communicate seamlessly. Pundits have indicated that this will create a basis for the effective implementation of the internet of things (IoT). IoT has had major issues due to the different methods of communication across...

Gold bugs certainly have had quite the field year in 2019. The price of gold, even though it’s had ups and downs like pretty much every other asset, has still brought in significant year-to-date (YTD) returns so far. The price behavior might be seen by gold bugs, especially those who are anti-Bitcoin, has a feather in the yellow metal’s hat, against Bitcoin, especially recently.2019 was an interesting year because of quite a few factors. These factors including trade problems, cross-border...

Brian Armstrong, CEO of cryptocurrency exchange Coinbase, has recently secured a patent for sending Bitcoins via email. Initially filed in March 2015, the patent was finally rewarded this week on Tuesday, December 17.Basically, the patent describes a method for cryptocurrency payments by linking the email addresses to their corresponding wallet addresses. Once the sender makes a request to send crypto payments to an email address, the system automatically sends the desired amount.Note that...