Category: Companies

Bitcoin’s Price May Rise after Congress Hearings on Facebook’s Libra Сryptocurrency

Investors hold their breath in anticipation of Congress Hearing on Facebook’s Libra set up for July 16-17. What’s in store for Bitcoin? David Marcus, the head of the department that manages Libra project at Facebook, will soon have to testify to the Senate Banking Committee and the House Financial Services […]

Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade

Binance has reported the successful completion of scheduled Binance Chain Mainnet ‘Galileo’ hardfork upgrade that took place at block height 20,300,000. The Binance Chain Mainnet has completed the upliftment of its testnet services right after the commemoration of its second anniversary. The number one cryptocurrency exchange by volume has recently […]

New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

Photo: Seed CX / LinkedIn The New York Department of Financial Services (NYDFS) granted virtual currency licenses to two subsidiaries of crypto derivatives provider Seed CX. Seed Digital Commodities Market and Zero Hash have received approval from NYDFS Superintendent Linda Lacewell who announced that both companies received BitLicenses, adding that […]

Switch.ag Announces SwitchDex, the Simplest Way to Trade on a Decentralized Exchange

One of the biggest hurdles faced by entry-level cryptocurrency traders is the complexity of navigating on exchanges. As exchanges attempt to offer more and more options, greater services and advanced features, the average trader can be overwhelmed with confusing interfaces. The SwitchDex platform, one of the easiest ways to exchange […]

Wall Street-Backed Blockchain Consortium R3 on Its IPO Consideration

Blockchain consortium startup R3 is said to be considering an Initial Public Offerings (IPO). Sources familiar with the report reveals that R3 is in talks with an adviser over a potential public listing. A blockchain-software firm R3 which works with over 200 giant companies such as Wells Fargo & Co, […]

Samsung Joins Forces with Telcos and Banks for a Blockchain Consortium in South Korea

Samsung Electronics together with South Korean banks and telcos formed a consortium to create a new blockchain network. South Korean tech giants, including Samsung Electronics, telecommunication companies and banks have joined their forces to work on the projects powered by blockchain. The main goal of the consortium is to create […]

Time to Sell Your BNB? Price Drops 7% Following Token Burn

Since the token burn, BNB price has dropped from around $32 per token, to close to $28.3 per token at press time, according to CoinMarketCap. This is a drop of around 7%. Binance Coin (BNB) price has dropped seven percent in value since the platform’s latest token burn amid concerns […]

CZ Binance: Retail Investors are Steering The Crypto Price Rally

Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, thinks Binance CEO ChangPeng Zhao. He states that this growth is partly due to increased margin trading availability. This year’s crypto rally is most certainly proponed by the arrival of big institutions and […]

Tether Accidentally Minted 5 Billions Worth of USDT

The Whale Alert Twitter account caught a $5B Tether print run. Tether and Bitfinex CTO Paolo Ardoino confirmed that this was a mistake and that the surplus USDT had been destroyed. Nevertheless, Bitcoin price started to depreciate. It could be either fat fingered or Mexican soap watching person that made […]

‘Keep Big Tech Out of Finance’ Says the Congress

It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra. Congress […]