Huobi University Principal stated during a live broadcast that without 2020 financial crisis, there is no blockchain boom. The coronavirus pandemic is the “black swan of 2020”, leading financial markets into a level of decline not seen since the 2008 recession. However, blockchain may still have a chance to flourish during these times of crisis.…
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Banco Sella is now allowing their customers to buy, sell and store Bitcoin without interacting with exchanges. Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential…
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Goldman Sachs sets the record straight on the apocalyptic ‘investee call’ that set social media on fire. An apocalyptic account of Goldman Sachs ‘investee call’ went viral on social media faster than the coronavirus — and now the investment bank wants to set the record straight. The story snowballed after first being reported in a…
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South Korea’s landmark Special Financial Transactions Information Act amendment was promulgated earlier this week, a fortnight after the country’s parliament voted unanimously in its favor. Although many industry players have been galvanized by it, others have warned that its stipulations – which will include stringent regulation of crypto exchanges – could force Read more »Pay,…
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Steem (STEEM), the social media-like blockchain platform launched in 2016, has seen a massive surge over the past two days, after it decided to evade a hostile takeover by Justin Sun and the Tron Foundation by moving the entire platform over to a new blockchain called Hive. The new blockchain is expected to be launched…
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The Block.One CEO has criticised the Eos Worker Proposal System, warning that the prognosis is bleak for many DeFi projects. Brendan Blumer, the CEO and co-founder of Block.one — the company behind Eos (EOS), took to Twitter to express his concerns regarding the suggested ‘EOS Worker Proposal System’ (WPS) on March 15. Developers at EOS…
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In view of the recent Steem takeover fiasco, how do some of the most popular exchanges handle user deposits? Crypto exchanges have become the most powerful stakeholders in the crypto ecosystem. Currently, just 12 crypto exchanges hold around 2.5 million Bitcoin (BTC) in their wallets, worth around $15 billion. That’s 13.8% of all Bitcoin mined…
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Pascal Gauthier, CEO of Ledger. Source: a video screenshot, Youtube/Ledger As the cryptocurrency industry adapts to cope with the coronavirus outbreak and its catastrophic effect on the global economy, Paris-based major hardware wallet manufacturer Ledger says that it is enforcing a number of measures to protect its workers – and says it wants competitors to…
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Vitalik Buterin. Source: a video screenshot, Youtube, Business Insider Vitalik Buterin, co-founder of Ethereum, finds money to be a type of game, but out of that game, there may be a solution for people to act towards the common good. In a recent episode of Artificial Intelligence Podcast with Lex Fridman, the podcast host and…
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Source: iStock/hocus-focus After touching the USD 4,000 level less than a week ago, bitcoin (BTC) rallied around 50% and is now trading above USD 6,000 again. At pixel time (18:39 UTC), bitcoin is trading at c. USD 6,249 and is up 22% in a day, erasing all its weekly losses. The price is now up…
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