News

China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. China tightened capital controls in the wake of a shock […]

News about a police raid of Tron’s offices in Beijing has gone viral on Twitter, with many people assuming the company was investigated for scams. However, the situation was vastly exaggerated as the police were called in to protect staff and ease tensions as several protestors gathered in front of the company’s building. Video goes […]

A subsidiary of SK Group, one of the largest conglomerates in South Korea that operates the nation’s biggest telecommunications company SK Telecom, is set to invest in a crypto fund created by ConsenSys. Created by Ethereum co-creator Joseph Lubin, ConsenSys is a New York-based blockchain software development company that focuses on building infrastructure around the […]

After the recent 30 percent correction that Bitcoin experienced, some altcoins are showing signs of a possible breakout while others have indicators of further decline. This technical analysis will explore whether EOS, Tezos and BitTorrent are preparing for an upswing or a nosedive. EOS Following the high of $8.65 on May 31 EOS’s market valuation […]

Tether’s USDT is steadily migrating from Bitcoin Omni-based addresses to Ethereum-based ones, with 40 percent of USDT now using the ERC-20 standard. Major cryptocurrency exchanges Binance and Poloniex announced they were both moving their Tether addresses from Omni. Tether addresses switching from Omni to ERC-20 While Bitcoin dominance over the cryptocurrency market is undisputed, Bitcoin-based protocols […]

Latin American bank BTG Pactual and asset manager Dalma Capital announced that they will be using the Tezos blockchain to launch security token offerings (STOs). The banks said the deal will be worth well over $1 billion when all existing and prospective token issuances are completed. Major investment banks to utilize Tezos Tezos, an ambitious […]

Chainlink has been in the spotlight since Google announced that it was integrating it into its cloud-based services, further surging after Coinbase Pro and Coinbase revealed listing. In a matter of sixteen days LINK’s value rose 320 percent from $1.11 to $4.64, and now on-chain transactions suggest that the company is getting ready to profit […]

Mike Novogratz, the legendary investor and founder of Galaxy Digital, believes Bitcoin will see its price “increase significantly” in the next couple of years. In an interview with Bloomberg Technology, Novogratz said that investment banks will be the next big players to enter the space and push BTC’s price beyond $40,000. Consolidating market doesn’t mean […]

Four members of the House of Representatives sent a letter to Facebook calling for an immediate moratorium on its cryptocurrency Libra, saying both regulators and Congress needs more time to investigate the risk it could pose to the global economy. Members of Congress attempting to put Libra on hold Regulator’s distaste for Facebook’s Libra has […]

The University of Cambridge recently launched an index for tracking the electricity consumption from Bitcoin mining. The data provides interesting insights into the profitability and environmental impact of cryptocurrency mining. Tracking Bitcoin electricity consumption in real time Cryptocurrencies have been around for more than a decade, but the environmental impact of the industry is still […]