Tag: Business

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Binance.US adds North Carolina, now services more than 80% of US

Eligible residents of North Carolina can now register to use the Binance.US digital asset marketplace. The United States arm of major crypto exchange Binance is making its services available to North Carolina residents. Binance.US opened registration to U.S. users in September 2019, but excluded the residents of 13 states due to local laws. It has…
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Fund execs offer $1M bets that Bitcoin’s S2F model won’t come true

The S2F model predicts a Bitcoin price of up to $288,000 by 2022 but two fund execs are betting the model won’t pan out. Eric Wall, chief investment officer of crypto hedge fund Arcane Assets, has offered a $1 million bet that the Bitcoin stock-to-flow model will be proven false before 2025. In a Nov.…
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‘Aussie Trump’ invests in Bitcoin as it’s the ‘millennial version of gold’

Former Australian politician Cory Bernardi sees the demand for Bitcoin “getting stronger.” Cory Bernardi — a controversial figure the Sydney Morning Herald has referred to ‘Australia’s Donald Trump’ — has talked up Bitcoin in between Tweets challenging the results of the U.S. presidential election.  In a Nov. 11 Tweet, Bernardi stated he had become a…
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Bitcoin may pay out more than gold, says billionaire investor

“If the gold bet works, the Bitcoin bet will probably work better.” American billionaire Stanley Druckenmiller has changed course on Bitcoin, saying it has the potential to store value for future generations. Speaking on CNBC today, Druckenmiller said that, although he was still more heavily invested in gold than crypto, he had purchased at least…
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Cred customers demand answers after platform files for bankruptcy

“We just want to know that our funds are safe,” said one Cred user United States-based cryptocurrency lending service Cred filed for Chapter 11 bankruptcy protection on Saturday, leaving many customers searching for solutions to get their funds.  According to court documents, the legal team for Cred CEO Daniel Schatt filed bankruptcy papers for the…
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Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states…
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Grin network hit with 51% attack while GRIN token remains resilient

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain. According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of…
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Nigeria hopes blockchain will generate $10B revenue by 2030

“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten…
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Bitfury forms MaaS partnership to upgrade $35M Norway data center

The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy. Crypto mining firm Bitfury has formed a partnership with a private equity firm allowing it to upgrade its existing $35 million blockchain infrastructure in Norway. According to a Nov. 2 announcement from the Luxembourg-based LIAN Group,…
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Ripple, PayPal, and Twitter join coalition calling for fair elections

“We believe voting should be safe and accessible to everyone, everywhere,” said Ripple. Blockchain-based payments firm Ripple has joined a non-partisan group of companies working to ensure access to fair voting in the United States. According to a Nov. 2 tweet from Ripple, CEO Brad Garlinghouse has joined Twitter CEO Jack Dorsey and PayPal CEO…
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