Cryptocurrency

Bitcoin
El Salvador Makes Bitcoin Legal Tender

Despite the recent struggles that Bitcoin was facing, the cryptocurrency received a strong push by the Central American Nation, El Salvador on Wednesday as the country is going down in history as the first country in the world to adopt…

Bitcoin
Vitalik Buterin: NFTs Can Do Much More than Benefit Rich Celebrities

Ethereum co-maker Vitalik Buterin trusts NFTs can be applied to socially pertinent causes like foundations and financing public products, yet the innovation is as yet seen as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper…

Bitcoin
Experts Say New South Korean Rules Will Monopolize the Market

South Korea is going into a new chapter for its crypto industry, with stringent new standards set to go into effect from March 25 that will require all digital currency organizations to conform to new crypto reporting guidelines and registration…

Blockchain
Two Firms Have Bought More than $150 Million Worth of Bitcoin Miners

Bitcoin mining machines are rapidly rising in popularity. Two additional organizations — The9 Limited and Blockcap — have now bought an aggregate of 36,000 bitcoin miners worth more than $150 million from Bitmain. The9 Limited, a Nasdaq-registered Chinese gaming organization,…

Bitcoin
EU Securities Regulator Warns of Risks in Crypto Investments

The European Securities and Markets Authority — the European Union’s independent financial authority — has warned about the high risks of crypto investment. In its most latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA dissected the effect of…

Bitcoin
Bitcoin Now Worth More than Visa and Mastercard Combined

Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…

Bitcoin
Tether Agrees to $18.5 M Settlement with Bitfinex and Submits to Quarterly Reporting

Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities claimed that Tether distorted how much Tether (USDT) coins were upheld by fiat security. The settlement requires Bitfinex…

Banks cryptocurrency
Digital Artwork Sells for $6.6M on Winklevoss-Owned Marketplace

Artwork represented by a non-fungible (NFT) token has sold for a record-breaking amount of $6.6 million in the ether cryptocurrency. As indicated by a tweet from NFT marketplace center Nifty Gateway on Thursday, “history has just been made” with the…

Banks Crypto
JPMorgan Announces 34 Open Blockchain positions

U.S. based JPMorgan Chase has 34 open blockchain job positions posted on its site. It’s perhaps a record for any organization in the crypto market. The bank has also been known to hire exciting blockchain talent in its recent past.…

Bitcoin
New Zealand Firm Launches NZD Backed Stablecoin

Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and…