Amid Mastercard’s unexpected push for a patent outlining “fractional reserve” banking for crypto assets, the CEO of Visa has claimed that cryptocurrencies aren’t a pertinent threat to the stability of legacy financial systems. Al Kelly: Bitcoin, Cryptocurrency Aren’t Immediate Threats To Visa Months after claiming that the “sun has set” on Bitcoin and crypto assets,…
When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. However, as time elapsed, the cryptocurrency…
To the dismay of decentralists, the relationship between traditional institutions and the crypto world has always been one-sided, with the former group consistently having the upper hand over the latter. However, with the arrival of crypto-backed debit and credit cards, some are claiming that the tables are poised to turn. Crypto.com, Changelly Take On Cryptocurrency And…
Despite the persisting bear market and low market sentiment, the potential impacts of cryptocurrency and blockchain technology remain astounding, and many investors have maintained their confidence in this fact. One industry insider shares this sentiment, explaining in a recent interview with the Express, that cryptocurrency will likely change the current economic system for the better. Marcus…
In spite of Jeremy Allaire’s cries for the G20 to manage the crypto industry with global action, the startups backing this nascent industry have continued to rapidly gain regulatory traction in New York State, arguably the world’s foremost financial market. New York Regulator Awards Coinbase With Custodian License When it comes to financial capitals of…
Medici Ventures, the wholly-owned blockchain subsidiary of Overstock.com, was the sole investor at the Series A funding round of blockchain-powered social network Minds with an investment of $6 million. Blockchain Social Network Minds Raises $6 Million from Overstock.com’s Medici Ventures in Series A Round The previous seed round in 2013, and equity crowdfunding in 2017,…
The government of Albania has stated that it will be considering the creation of cryptocurrency regulations. The eastern European nation hopes to encourage innovation, investment and, in turn, create jobs relating to the transformative financial technology by providing a welcoming base of operations for startups. Albania Hoping to Lure Investors and Startups with Crypto Regulation…
HTC has launched the Exodus 1 smartphone, which it is billing as the first ever phone dedicated to cryptocurrency and blockchain technology. The Taiwanese phone maker describes it as a "smartphone experience fit for a modern user and the new internet age," and in keeping with that the device is only available to buy using bitcoin or ethereum tokens. "It's been…
Even amid bearish market conditions, the regulatory status of crypto assets remains a hot-button topic, as global governments attempt to discern how to best approach this emerging market. Leading the charge for fair regulation is arguably the U.S. Securities and Exchange Commission (SEC), which has done its best to protect investors from unwarranted financial risk,…
Former boxing champion Floyd Mayweather and music producer DJ Khaled have become entangled in an alleged multi-million dollar cryptocurrency scam. Both Mayweather and Khaled were involved in the promotion of Centra Tech's 2017 "initial coin offering" (ICO), whereby funds are raised through the sale of cryptocurrency tokens. Two of the founders of Centra Tech – Sam Sharma and Robert…