Tag Archives: News

This summer, computer programmer, businessman, entrepreneur and the US presidential candidate John McAfee revealed his idea to launch a digital currency access point that would merge both manual and bot trading over eight exchanges on one interface.Dubbed McAfee Magic, this new project connects people to more than 500 digital currencies and has assembled 11,743 users at the time of the writing.Last week, on Friday, McAfee announced the whole launching of the exchange that has gor the name...

In a typical class action, a plaintiff, per Wikipedia, sues a defendant or more of them on behalf of a group, or class, of absent parties. This differs from a traditional lawsuit, where one party sues another party for redress of a wrong, and all of the parties are present in court. We already reported of how Bitfinex and Tether are expecting another lawsuit for market manipulation.Now, a class-action lawsuit was filed on Monday against Bitfinex, Tether and other members in the United States...

2020 is looking to be a year of PoS blockchains. While Tim Ogilive, the founder and CEO of multi-blockchain staking service Staked argues that 2019 has already been a big year for PoS, we have a lot to expect from the upcoming year. First and foremost, Ethereum, the second-largest cryptocurrency by market capitalization, is expected to finally switch to PoS. They have been wanting the switch from 2014, when Vitalik Buterin said that he viewed PoS as a way for Ethereum to mature.“Ethereum 1.0...

Facebook’s forthcoming digital currency, the Libra, is probably the most uncertain project in the cryptocurrency industry at the moment. Ever since the company announced its plans to issue the asset, there has been significantly heavy backlash both from the public and also from the U.S. Congress, so much that the earlier proposed date for early next year is quite shaky, if not completely impossible. Now, a crypto futures exchange firm seems to be taken advantage of all the uncertainty of the...

A micro-mobility company based in Santa Monica, California, Bird, recently closed a $275 million round in order to help put itself in a leading position in the electric scooter market. However, smaller European rivals also managed to raise money to grow their own business. German startup dubbed Tier Mobility, that manages 20,000 scooters in 40 cities in 12 countries, managed to raise $60 million, funding that, by the words of Tier’s co-founder and CEO Lawrence Leuschner, are to be invested in...

Ritesh Agarwal, SoftBank Group Corp. founder, Oyo Hotels and Homes said his company is raising $1.5 billion from investors because the India accommodating company startup wants to evolve to foreign markets as are the U.S. and Europe.Agarwal said he will be spending more than $700 million to buy new shares in the company as part of a said before $2 billion plan in order to make his ownership stake worth more than three times. Also, other investors are SoftBank’s Vision Fund, Lightspeed Venture...

HSBC Holdings Plc, a UK-based multinational banking and financial services holding company, has plans to downsize its staff and cut 10,000 high-paid jobs, which makes up over 4% of the company’s manpower. Such a decision has been motivated by the intention of Noel Quinn, provisional CEO of HSBC, to reduce costs the whole banking group is incurring.HSBC did not provide any comments. As Financial Times has reported on Sunday, job slashing will address those whose positions are high-paid. An...

Apple recently announced and later released its new range of products including the iPhone 11 series. These products, especially when they are newly released, are usually priced considerably high, even though said prices may not necessarily quell what is now recognized as a persistent public hunger for the company’s new products. However, one of the industry’s top analysts has said that Apple will launch a much cheaper version, which should be publicly available sometime in the first quarter...

The DAPP Network, born out of frustration at the rising cost of vRAM for EOS’ virtual hard drive, has just had a major upgrade. Developer LiquidApps has announced the release of DSP 2.0, bringing with it a wide range of new features and fixes. Combined, these improvements make the emergent EOS scaling solution a force to be reckoned with, and pave the way for a flurry of new decentralized applications that can operate at scale. The DAPP Network is not a sidechain for EOS – LiquidApps call it...

In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...