Tag Archives: News

Ripple co-founder Chris Larsen said he thought digital assets such as XRP would play a major role in the movement of money around the world. Recently, Larsen discussed the role of digital assets in the economy and the regulatory environment that must exist to advance blockchain and crypto.Ripple is the blockchain that has the highest number of transactions recorded on its blockchain in recent days. Having 1,151,101 more transfers which were almost 54% higher than the transactions executed on...

In recent months, Bitcoin price has slowly descended from the 2019 high of $13,880 to the current levels of just above $8,130. This plunge is beginning to put weak miners out of business. In the past week, Bitcoin’s mining difficulty plunged 7% abruptly. That drop enabled miners to easily solve algorithms and mine blocks.That development means that the weak miners and those that encounter high operating costs are constantly going out of business. The new move does not go well with the bitcoin...

Within the cryptocurrency industry, there are a number of prominent tokens which dominate the industry and get the most attention, and just like any other market, there is a constant struggle for dominance between various firms. Some of the most popular in this regard are Bitcoin and Ethereum. Within Bitcoin, there are certain offshoots that sprung up as a result of hard forks such as Bitcoin Cash and Bitcoin SV, which is backed by controversial figure Craig Wright and while many of the...

Before now, a few car makers in the past have announced blockchain adoption for several features such as automatic toll payments and charging – as in the case of electric vehicles. According to a recent announcement, Lamborghini has now joined the league. The sports car maker has announced that it will be using a blockchain platform provided by Salesforce, for the process of authenticating its cars available on the secondary market.The usual procedure for Lamborghini authentication is a very...

Galaxy Digital Holding Ltd. started two new Bitcoin funds special because, well, they’re meant to be for a specific demographic profile of investors.Mike Novogratz (54) decided to use the fact that there is plenty of wealthy Americans aged 50-80 and, until now, they were pretty much into more traditional types of investing such as stocks or pension funds. Cryptocurrencies surely weren’t one of the ways they thought they could increase their wealth. However, Novogratz thinks there might be a...

On Monday, November 18, the big-four auditing giant KPMG unveiled its ranking for the top 100 companies in FinTech for 2019. The report shows that the Chinese and Asia-Pacific regions have dominated the rankings.Alibaba‘s payments wing Ant Financial topped the 2019 FinTech100 KPMG rankings. Last year in 2018, the payments and transactions companies dominated the rankings along with other companies from the insurance, wealth management, and lending sector. Another observation from the report...

In what seems to be a weird turn of events, top cryptocurrency data and assessment firm CryptoCompare has released its data for cryptocurrency exchange rankings and there are a few surprises in its benchmark report. Firstly, Binance has been dropped from its top ten rankings which comes as a shock as it is currently in the top three cryptocurrency exchanges in terms of the trading volume. Secondly, most of the popular cryptocurrency exchanges didn’t receive the expected rankings as only...

ADA price failed to break the $0.0460 resistance and declined recently against the US Dollar.The price is now trading below the $0.0425 support, with a bearish angle.There was a break below a key bullish trend line with support near $0.0424 on the 4-hours chart (data feed via Kraken).The price remains at a risk of more downsides below $0.0410 and $0.0400 in the near term.Cardano price is currently facing a fresh round of selling against the US Dollar and bitcoin. ADA price is likely to face a...

A San Francisco -based startup TRM Labs, which emerged from YCombinator and looks at blockchain analysis as a tool for the ensuring of compliance, has received $4.2 Million in funding from various investors that included PayPal Ventures. The big problem with compliance for cryptocurrencies and blockchain technology is that most banks and financial institutions would rather not deal with the intricacies and the technological hoops which they would have to leap through before they get a clear...

Bitcoin price is declining and trading well below the $8,380 pivot zone against the US Dollar.The price is consolidating near the $8,000 and facing a lot of hurdles on the upside.There is a key bearish trend line forming with resistance near $8,380 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct higher, but sellers are likely to remain active near $8,310 and $8,380.Bitcoin price is trading in a significant downtrend below $8,500 against the US Dollar....