Binance founder and CEO Changpeng Zhao suggested that Bitcoin’s price has not yet adapted to the upcoming block reward halving. Changpeng Zhao, the founder and CEO of major crypto exchange Binance, suggested that Bitcoin’s (BTC) price has not yet adapted to the upcoming block reward halving. Zhao suggested that Bitcoin’s price will see more upwards…
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Cardano is ready to begin the first phase of its transition to a decentralized Shelley mainnet, which will introduce the Ouroboros Praos consensus algorithm. The Cardano (ADA) network will perform a scheduled upgrade on Feb. 20 to introduce Ouroboros BFT, an improved consensus mechanism. The update is an intermediate step between the current Byron era…
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The new platform will facilitate payments in up to 10 seconds using QR codes or identification data alongside computers, ATMs, or mobile phones. The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and…
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The EU’s financial regulator released a lengthy 2020 report, which includes the dangers of big tech companies entering finance. The European Union’s securities regulator has put out a report warning of risks of Big Tech’s entrance into finance. “The high level of market concentration typically observed in BigTech may get carried into financial services, with…
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HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance. In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems. The…
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Samsung confirms its commitment to cryptocurrency and blockchain technology with enhanced features in the flagship Galaxy S20 smartphone models. South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco. While the headline feature is undoubtedly the new camera, according to the official marketing…
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Cryptocurrency trading is the exact opposite of forex and its options for owning an asset. In the early days of blockchain, cryptocurrency trading was seen by many as merely exchanging a few dollars for Bitcoins (BTC). The birth of other tokens and the high volatility in cryptocurrencies have led many traders to speculate by buying…
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The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier. Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different…
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Microsoft is integrating Lition blockchain to its Azure cloud marketplace and continuing in leading the blockchain adoption among the major cloud providers. Lition, a commercial blockchain, announced on Feb. 18 that Microsoft has officially brought Lition blockchain solution to its Azure cloud marketplace. This makes Lition one of the few public/private blockchains currently supported by…
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Crypto custodian BitGo has acquired Harbor, allowing the firm to build out its digital securities capabilities. Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities. “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to…
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