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Pooja

Red Bull inks Formula 1 sponsorship deal with Crypto firm

The famed racing car constructors company, Red Bull recently announced its deal with cryptocurrency firm – FuturoCoin. This partnership is first of its kind for Formula 1 racing company to get sponsorship from cryptocurrency tech firm Notably, there are other players in the racing arena who have embraced blockchain tech. If...

Rohnak

Iran Banks Launch Gold-Backed Cryptocurrency "PayMon"

A Gold-based Cryptocurrency “PayMon” has been launched in Iran by four Iranian banks. As per the report of Financial Tribune, Four Iranian banks have joined together and launched a cryptocurrency called “PayMon”. Bank Melli Iran, Bank Mellat, Parsian Bank and Bank Pasargad are working with startup Kuknos firm for the...

Pooja

Facebook rumors to acquire crypto startup - Chainspace

Social media giant Facebook has reportedly acquired a London based crypto startup called Chainspace. Thus expanding its blockchain division and research on cryptocurrency. With the recent surge in blockchain startups, multimillionaire companies have also shown their interest in exploring blockchain tech. The acquisition of this crypto startup its clear indication...

Rohnak

Bitfury to Open Bitcoin Mining Centre in Paraguay

Bitfury is planning to Open Bitcoin Mining Centre by a partnering with Commons Foundation in Paraguay. As per the Press release report, Bitfury announced their partnership with a Korean R&D company Commons Foundation. And together they would launch the Bitcoin Mining Centre in Paraguay. In this Mining centre, they...

Jake Hill

US State Wyoming To Accept Cryptocurrency as Money

US State Wyoming has accepted cryptocurrency as money by passing the bill to allow the virtual currency to be recognized as money on January 31st. According to the state legislature website, Cryptocurrency is now classified digital assets within existing laws. And the assets are property within the uniform commercial code....

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