A former People’s Bank of China governor has said that the country has no intention to replace the US dollar with the digital Yuan it’s working on. The former PBoC governor and current head of the Chinese Finance Association, said…
FinCEN Allows Banks to Exchange Customer Information
Financial firms, ranging from banks to cryptocurrency exchanges, are urged by a U.S. body that battles financial fraud to share consumer data to catch wrongdoers. A fact sheet was released Thursday by the Financial Crimes Enforcement Network (FinCEN), a Treasury…
WILL Machines Max Out The 100 Megawatt Montana Facility? Marathon Purchases 10,000 Bitcoin Miners
Marathon Patent Company, Inc. (NASDAQ: MARA) has once again collaborated with Bitmain to buy another 10,000 bitcoin miners for the application-specific integrated circuit (ASIC). Marathon also noted that in addition to the recent acquisition, it is still expanding its activities…
MassMutual Buys $100M in Bitcoin, Bets on Institutional Adoption With $5M NYDIG Stake
With a $100 million stake in bitcoin and a $5 million share in shares in NYDIG, Massachusetts Mutual Life Insurance Co. is getting into the institutional bitcoin game. MassMutual, which has been operating since 1851, has poured cash into the…
Ray Dalio: Bitcoin has a place in Investors Portfolio
Bridgewater Associates, and the founder of the world’s largest hedge fund, Ray Dalio, gave a more optimistic outlook on bitcoin than his remarks that made headlines last month. He compared Bitcoin to gold and said that as a store of…
The Crypto-token from Apple Co-founder Steve Wozniak is taking off, but you can’t purchase it in the US
Steve Wozniak, the co-founder of Apple, is crypto-going. Wozniak unveiled his new company Efforce on Friday, a blockchain-based “energy efficiency market” for eco-friendly business ventures for crowdfunding. “Wozniak, who is co-founder but not CEO of Efforce, said in a press…
Whale Action is Behind BTC’s Sudden Drop in Price?
On Dec. 8, at around 06:00 UTC, the world’s first cryptocurrency price dropped from $18,770 to about $18,031. After that, by press time, it retraced marginally to $18,200. Since the bellwether cryptocurrency hit an all-time peak of about $19,920, per…
Synthetic Assets get Competition for Scalability as New Markets Heat up
Two new engineered resource and subordinates stages hope to take a cut of Synthetix’s pie. Synthetic resources, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly brutal scene as two new activities plan to…
Survey Shows that 65% of Paypal Traders Can Now Pay for their Products and Services Using Bitcoin
At any rate, 65% of individuals who utilize the Paypal application to exchange bitcoin are set up to use the full cryptographic money to pay for their merchandise and various ventures at the 28 million stores upheld by the installments…
LayerX will Create a Blockchain-based Voting Framework using Advanced ID Check in Japan
Japanese firm Layer X will collaborate with a computerized personality application called xID to assemble a blockchain-based voting framework in the Japanese city of Kaga. In a Thursday declaration from LayerX, the Tokyo-based organization said it would be mounting the…