Tag Archives: News

As we all know, PayPal has been very supportive – for the most part – of Libra, Facebook’s new cryptocurrency project, but the company was also among the first to exit the Libra Association. PayPal has remained relatively quiet regarding the details of its exit, but now chief executive Dan Schulman is sharing his thoughts on Libra and explains why his company refused to engage any further in the project’s progression.Schulman: It Wasn’t Regulation that Spooked UsLibra is arguably one of the...

A new type of cryptocurrency called Grounder Coin is looking to be the first digital currency that can be used in space.Grounder Coin: Bringing the Planets Together?This raises a lot of questions. Have scientists discovered aliens that Earth people are now looking to do business with, and we think a universal form of crypto that will allow people and those aliens to pay for goods and services is the answer?Well, not exactly. As time progresses, more time has been put into colonizing other...

Okay. The bad news is that bitcoin is about to post its worst month this year. The good news is that the bearish behavior that’s been plaguing it as of late could finally be coming to an end.Bitcoin: Will the Negativity Come to an End?According to one source, all the technical signals suggest that the currency is about to turn itself around, and many enthusiasts say this news couldn’t have come soon enough. The month of November has been arguably the worst of 2019 for the world’s leading...

Manchester City, the champions of the English Premier League have struck a big deal recently. The owner of Manchester City has agreed to liquidate just over 10% of the stake in Manchester City to a private equity firm Silver Lake.City Football Group (CFG), the holding company of Manchester City is currently valued at $4.8 billion, and the deal has been concluded for a price of $500 million. As per the Financial Times report, CFG is an Abu Dhabi-controlled organization that owns Manchester...

As the cryptocurrency community grows in leaps and bounds, Bitstop which is one of the largest Bitcoin ATM operators in the world has installed five Bitcoin ATMs for starters across several locations of America’s largest retail mall operator Simon Property Group. This comes at a time when the cryptocurrency space is looking for ways to bring adoption to everyday people in a way that they can appreciate how the technology works.Sources indicate that the locations of the ATMs have already...

Matic Network, the platform working on solutions to the scalability issues of the Ethereum blockchain and using Plasma side chains and a Proof-of-Stake network, has announced its public incentivized staking testnet event Counter Stake is finally live.Counter Stake has arrived!Matic’s public incentivized staking testnet event is now officially live.We have released a detailed step-by-step guide on setting up your node. Over 3 million $MATIC tokens are to be shared among participants ?Read...

Financial technology (fintech) is becoming the lifeline of both the finance and technology sectors. These two sectors have always had a thing or two in common and have worked hand-in-hand for a long time, with one always needing the other. However, and in recent times, the synergy between both sectors has been a whole lot more pronounced with multiple use-cases, up to the point where they are almost inseparable, hence, fintech.With all of the advantages of fintech, it still does get a bad...

The past week has been anything but positive for the cryptographic industry. Ethereum, the second-largest market capitalization cryptographic asset, also recorded an 8% dump, marking a downward period for the market. Incidentally, the market fell just after the People’s Bank of China revealed that the central bank would close all local encryption centers.Speaking of Ethereum, despite the drop, ETH’s fees have increased by 21.6% over the past week. As observed in the main markets, the increase...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Regardless of the new loss of the bulls, the Bitcoin is testing an important support level and there is a reversal pattern forming on the smaller timeframes, which may signify the beginning of an uptrend.The daily chart of the Ethereum demonstrates uninterrupted falling to the aim at $100 – here,...

Various factors are known to limit the public adoption of cryptocurrency especially Bitcoin. For now, one cannot spend Bitcoin the same way they would spend fiat currencies. Sometimes converting crypto into fiat can be quite a challenge. Custodianship of crypto assets and wallet security are the other concerns for the average investors.Also, wallet and key security together with the undeveloped crypto ecosystem and economic precedent discourage institutional investors from joining the nascent...