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...
With blockchain and cryptocurrency hype growing strong day-by-day still, there are few countries who think its usage as illegal. In this direction, the Central Bank of Vietnam has officially approved for ban request on the mining machine. The State Bank of Vietnam made a public statement in last year that...
When you’re looking at working of cryptocurrencies, you will often come across the term is proof of work and proof of stake. These algorithms power many different cryptocurrencies. That is why it is necessary for you to understand what they exactly mean. Once you are able to understand that,...
Amit Bhardwaj the mastermind behind $ 150 million of Ponzi Bitcoin scam has offered compensation to thousands of victims who have incurred heavy losses due to the cryptocurrency scam. The investment scheme was marketed was GainBitcoin. According to a local newspaper, the mastermind has offered compensation to the Indian investors. The...
Congressman Brad Sherman has often stroked controversy time and again. Also, earlier as well he called cryptocurrencies a huge scam. Currently, in a hearing in front of the House of Representatives financial services committee, he advocated that Americans should be kept out of the cryptocurrency markets. According to him, the...
Soon enough, consumers might directly pay Bitcoin with the help of credit cards. Recently, MasterCard won a patent which will allow it to manage fractional reserves of blockchain currency. Currently, MasterCard is only allowed to use legal tenders. With the increase in the popularity of Bitcoin as well as blockchain,...
Cryptocurrencies are highly volatile. This can be seen in the present year as well. Bitcoin was trading around $ 19,000 at the start of this year. Currently, it is trading at around $ 7400. This clearly indicates how volatile cryptocurrencies can be. The volatility in cryptocurrencies is also one of the...
