Tag Archives: News

It appears that the cryptocurrency space is so eager to gain trust that it’s willing to do anything to push itself into mainstream territory. This includes spending loads of money to get celebrities to take part in their advertisements. Celebrities Are Becoming Crypto Ambassadors More Often Cuy Sheffield – head of crypto for credit card giant Visa – said in a recent interview that crypto isn’t that much different from how the internet appeared and operated in the early...

Teenagers in India are becoming the world’s newest cryptocurrency fans. India Has Had a Weird Relationship with Crypto India has had a very up and down relationship with digital currency. In the year 2018, for example, the nation’s central bank decided that crypto companies could not get access to bank accounts, and that standard financial institutions would not be permitted to work with any firm that delved in bitcoin or blockchain technology. After two years, however,...

Digital trading platform Robinhood is unveiling a new line of crypto wallets. The company has gotten heavily into the digital currency space over the past few years and is allegedly looking to capitalize on its newfound popularity in the field. Robinhood Is Pushing Its Crypto Division Forward The wallets will be rolled out in phases. In the beginning, they will only be available to select customers, though Robinhood has stated that should things work accordingly, the...

Portal – a layer two wallet system and cross-chain decentralized exchange centered around bitcoin – has received approximately $8.5 million in new funding from Coinbase, one of the world’s most popular digital currency platforms. Portal works to establish defi products using bitcoin that cannot be censored and enables private cryptocurrency trades. Portal Snags a Lot of Dough In addition to Coinbase, funds came by way of some of the biggest capital venture funds in the...

Well, here’s something that’s likely to anger a few environmentalists in the coming weeks. A new report issued by the New York Digital Investment Group (NYDIG) says that bitcoin and crypto mining are only likely to contribute to about 0.9 percent of global carbon emissions in the coming future. Crypto Mining Isn’t That Bad, According to New Report The topic of crypto mining has been a controversial one. Over the past several months, many high-ranking individuals with...

Just a day or so after announcing sanctions on crypto exchanges that engage in illicit transactions or the processing of ransomware payments, it looks like the U.S. Treasury Department is taking regulatory action against Suex, a crypto trading platform that has allegedly taken part in facilitating ransomware in the past. Suex Has Been Reprimanded According to the Treasury, ransomware is becoming a serious problem. Payments totaled more than $400 million last year alone,...

Budapest – the capital of Hungary – has recently unveiled a new bronze bust of Satoshi Nakamoto, the alleged pseudonymous creator of bitcoin, the world’s number one digital currency by market cap. Satoshi Nakamoto Will Always Be Remembered For the most part, the bust is rather faceless and expressionless. This was done on purpose according to the statue’s designers Gergely Reka and Tamas Gilly. They mention on a website discussing the work: We do not know the gender,...

Bitcoin cash price started a major decline below the $600 zone against the US Dollar. The price is now trading well below the $600 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $572 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to decline unless there is a clear break above $572 and $600. Bitcoin cash price is eyeing recovery above $580 against the US Dollar,...

El Salvador has been making huge headlines as of late. The country is among the first to declare bitcoin – the world’s number one digital currency by market cap – legal tender, meaning it can now be used to purchase items and services in the same way one might use fiat, credit cards, or even checks. El Salvador Might Be Doing Something Right However, the country has experienced some serious rollout issues, between people protesting that they don’t want life to change to...

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...