Binance, the world’s largest crypto exchange, has announced 100 new hires despite the ongoing economic downturn. While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the…
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Senior trading executives believe that larger trading companies are about to take the crypto plunge, and could be set to provide the market with a timely boost, per a new study. Bitcoin/USD is the most preferred trading pair, it added. In a report named Institutional Adoption of Digital Asset Trading, compiled by the Acuiti management…
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UnionBank head forecasts that the coronavirus will drive banks to shift towards digital currencies, leaving physical cash behind. Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As Euromoney reported on April 3, Bautista noted…
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The case for an immediate Bitcoin price spike after the halving in May is flawed, past data shows. The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does…
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While many bitcoin (BTC) hodlers hope that despite the COVID-19 pandemic and troubles in the traditional financial markets – or exactly because of them – BTC will skyrocket, it might not happen without the active involvement of the Cryptoverse itself. "In addition to the unique properties of BTC, the industry needs strong storytelling, marketing, and…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Ripple & XRP news Nik Bougalis, a Ripple engineer responsible for XRP’s server software, said in a GitHub submission that a group of Ripple developers including himself had designed a new…
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In efforts to contain the spread of COVID-19, governments are imposing stringent restrictions on movement, including social distancing and a national lockdown. They are also finding efficient ways of tracing and tracking contact once an infection has been verified. The ability to track and trace infections for public health has emerged as one of the…
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A 150-year-old Chinese utility provider will ramp up blockchain adoption in partnership with VeChain and ENN Energy Holdings. Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31. Shanghai Gas, founded in 1865, is owned by utility…
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Bitcoin price continues to push higher but major cryptocurrencies should sustain above their 20-day EMA to confirm that the downtrend might be over. On April 2 the U.S. Labor Department reported that the U.S. weekly jobless claims skyrocketed to 6.6 million. In the previous week, the claims stood at 3.3 million, meaning over the past…
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Chamath Palihapitiya. Source: a video screenshot, Youtube/Phocuswright Bitcoin (BTC) may have already created a new “quasi gold standard” for the world, and it is either going to the millions or zero, a prominent California-based venture capitalist believes. Speaking with Anthony Pompliano, Co-founder of digital asset management firm Morgan Creek Digital, on the Pomp Podcast this…
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