Binance.US CEO Brian Brooks has announced his resignation from the company, citing "strategic differences" as a main reason for stepping down. This marks an abrupt change of plans after just weeks ago he had been promoted to co-CEO alongside Binance's current CEO Changpeng Zhao; something that was hailed by...
Amazon has not been one to shy away from innovation, as they have recently hinted that cryptocurrencies may soon be accepted. The company is looking to expand their payment options by allowing Bitcoin for purchases, as they are hiring a digital currency and blockchain product lead This move will appeal...
Square is looking to create a new business dedicated to DeFi aka "decentralized finance" applications. The projects will rely on smart contracts that are executed without the need for third parties like banks or other financial entities in order to conduct transactions of any kind, including lending and borrowing money...
Cryptocurrency exchange WazirX has announced the launch of their new marketplace for Non Fungible Tokens, where users can buy and sell unique digital works of art. The creators will be able to take advantage of an economy that is booming in recent times with billions worth being exchanged across a...
The prominent figure in IT world, Facebook CEO – Mark Zuckerberg recently made comments on how blockchain based authentication system for user data can eliminate usage of the third-party systems. In an interview with Harvard Law professor Jonathan Zittrain on Feb. 20, Zuckerberg quoted that use case involving a blockchain system...
The Reserve Bank of India (RBI) has known to ban Cryptocurrency trading accounts in India. But Recently it has formed a Research team to study technologies like Blockchain, Cryptocurrency, and AI. According to EconomicTimes, this behavior is due to the emerging market in cryptocurrency and blockchain technology. The research team...
Liechtenstein Bank is planning to launch a cryptocurrency which will be backed by Swiss Franc. This will ensure that the cryptocurrency will provide additional security to the holders as compared to any other normal cryptocurrency. The cryptocurrency will be known by the name of Union Bank payment coin. Fiat backed...
Bank of America is the 2nd largest bank in the USA. Some time back we have seen several banking institutions showing their interest in Cryptocurrency Sector. Now we see the Bank of America has filed a patent which is related to the Cryptocurrency Sector. Patent on Cryptocurrency Storage The Bank...
UPbit is the biggest cryptocurrency exchange in South Korea. Recently, in the third quarter of 2018, it was able to generate a profit of $ 100 million. This is a significant amount considering the fact that the cryptocurrency market is in a downturn. Due to this very reason, many of the...
Soon after the Chinese government made an announcement about blockages regarding cryptocurrencies, popular payment platforms WeChat and Alipay have stopped allowing users to make crypto transactions on their platforms. The payment platforms have decided to work in collaboration with government regulators and hence the decision to shun any crypto related...
Ernst & Young recently entered the cryptocurrency investment industry. It recently acquired a Silicon Valley based startup. The startup was named Elevated Consciousness. It acquired the company to help the clients with their cryptocurrency investments. It is the software which goes by the name of Crypto Assets Accounting and Tax. This...
