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Binance, the world’s largest cryptocurrency exchange by daily trading volume, has invested $2.5 million in TravelbyBit, a startup supported by the government of Australia to operate crypto point-of-sale (PoS) systems at the country’s airports. At selected airports including Brisbane, the capital of Queensland, cryptocurrency users will now be able to utilize major digital assets like […]

Those waiting for institutional elephants to jump into the market’s $200 billion paddle-pool may be in for a surprise; as market capitalization simmers barely above its October 2017 levels, it would appear that corporate ‘smart money’ has started accumulating vast quantities of cryptocurrency behind closed doors. According to Bobby Cho, head of global trading at […]

On Monday, Oct. 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of the Spanish-language white paper for the coin. From #05Nov, Venezuelans will buy Petros for Bolivar Soberano. They will buy real property, flight tickets, goods, services and save money in our gold, iron, […]

TEMCO Labs, a supply chain management product for small to medium-sized businesses powered by the RSK Blockchain, recently closed a seed round of an undisclosed size. Notably, Korea Investment Partners (KIP), the largest venture capital firm in South Korea, made its first blockchain investment in TEMCO Labs. According to Jong Hyun Kim, a financial technology […]

Since February, the crypto market has been stagnant as Bitcoin, Ethereum, and other major cryptocurrencies struggled to initiate large movements on the upside due to their notable decline in volume. Still, venture capital firms and large investment companies are placing big long-term bets on the crypto market by financing cryptocurrency exchanges. Last week, a team […]

An apparently bogus Vitalik Buterin Instagram account with more than 24,000 followers has captured 37 Ether and counting in what appears to be a textbook example of one of the Ethereum co-founder’s bemoaned “giveaway” scams. The account, which goes by the handle buterin_vitalik, looks to have already hoodwinked seven users into contributing a net 37.491 […]

In 2017, Bitcoin prices went up by nearly 1,700 percent in a single calendar year. It was a monster year for anyone who invested in cryptocurrency before 2017 and a satisfying validation of their early belief in cryptocurrency and blockchain technology. For those who missed it or arrived late to the party, they’re probably still […]

Ripple announced the much-anticipated launch of its xRapid product for international payments on Monday, as the status of its currency XRP remains a question. The launch was announced as part of Swell, an event in San Francisco organized and hosted by Ripple. Ripple CEO Brad Garlinghouse said in an interview with Fortune: “The industry needs to […]

After heralding plans to debut cryptocurrency products within the coming months, asset-management monolith Fidelity Investments may be revealing the sheer depth of its intentions with blockchain, has described a series of covert experiments occurring behind the closed doors of its working group. As reported by CNBC, Fidelity’s Blockchain Incubator has been tinkering away in a […]

The new golden boys of decentralized finance, stablecoins have exploded into an industry-wide effort to dissolve cryptocurrency’s seemingly unshakable volatility. As a torrent of solutions gain a foothold in the market, however, one startup seems to spy an elephant in the room, and they think they have the answer. For Reserve’s Co-Founder Nevan Freeman, Bitcoin […]