Facebook Renames Blockchain To Avoid Confusion With Libra
Social networking giant Facebook recently confirms that it is renaming its blockchain division. Originally named Calibra, the division’s name creates confusion with Libra, a digital currency Libra. The new name of the division is Novi. Facebook’s head of blockchain division David Marcus said that there is a lot of confusion with regards to Libra and […]
read more
Teen faces $71 million lawsuit over cryptocurrency heist
Ellis Pinsky is facing a lawsuit worth $71.4 million. According to the lawsuit, he allegedly stole millions of dollars’ worth of cryptocurrency. Apparently, the heist took place in January 2018 when a group of hackers from the United States and parts of Europe scam their way into $23.8 million worth of cryptocurrency. Their victim is […]
read more
Bitcoin Price Drops to Two-Week Low as Small Investors Seek Exposure
Bitcoin prices are once again taking a dive after a recent dip. Based on recent market reports, the cryptocurrency recently dropped to its lowest price in the last two weeks. Bitcoin prices drop by as much as 9.8% last week. This is the cryptocurrency’s biggest weekly price drop since the second week of March. The […]
read more
Bitcoin Uncertainty at Record High as Investors Fear Market Crash
Investors are fearing that the current coronavirus pandemic might send the market tumbling down. As a result, bitcoin and other cryptocurrencies are facing a record high uncertainty about their current status as viable products. Recently, many market analysts have noted that bitcoin prices are going unusually erratic. Some have pointed out that these drastic deviations […]
read more
China Slashes Bitcoin Mining Hash Rate to Curb Illegal Activities
China is the world’s leader when it comes with bitcoin mining hash rate. As such, some unsavory people in the country are using the guise of bitcoin mining to further their illegal activities. Because of this rise in criminality, China recently announce that it will slash its overall mining hash rate. Many have seen this […]
read more
Crypto Hedge Capitals Struggle to Recuperate from “Bloodbath”
Vlad Matveev has discovered the arduous way how volatile cryptocurrency hedge stocks can be. The 50-year-old Muscovite spent $250,000 the past year with California-based Cryptolab Capital, which targeted double-digit gains from buying crypto despite whether the market increased or fell dropped. However, Matveev said his purchase decreased 98.5 percent in price when the fund doubled […]
read more
Iran Moves to Limit Crypto Exchanges Under’ Money Smuggling’ Laws
The government announced a proposal this week to incorporate cryptocurrency in existing “currency bootlegging” and international currency exchange controls, according to Iranian news outlet ArzDigital. The outcome of this prospect regulation is Iranian businesspeople face an increased risk of being imprisoned by political authorities or sanctioned by Americans. The law would mean that the Central […]
read more
Cryptocurrency Exchange Plans Extension in Africa
Naspers Ltd. is a company of global internet group. The said global internet group is one of the major technology investors in the world. Naspers Ltd. backs Luno. Luno is a cryptocurrency platform that deals with Bitcoin, Ethereum, XRP and Litcoin. African Expansion of Luno Luno is in talks of expanding in Kenya and Ghana […]
read more
COVID-19: Transforming the way the World Sees Currency
The COVID-19 pandemic is creating cash-based societies all over the globe fall into oblivion with the assistance of decentralized technologies. Technology has continuously been one of the key drivers that has improved social changes. The present COVID-19 condition, being a once-in-a-century type of pandemic, has originated at an inconvenient time. The fatalities and negative outcomes are looming, and […]
read more
Prominent Bitcoin and Crypto Investor Foresees Fourth Crypto Cycle
Bitcoin and cryptocurrency investors enthusiastically wait for the next breakout of the leading cryptocurrency. The bitcoin price is on the track of becoming one of the year’s best-performing asset. The bitcoin price is still far from its all-time high in 2017. The all-time high of bitcoin price that year was $20,000 in late 2017. Fourth […]
read more