Insurance companies cover all sectors of the economy, from the manufacturers to the financial industry and even personal property. They have, however, steered clear of the crypto industry, and with good reason. The unpredictability of the industry is comparable to none, from the volatile nature of cryptos which shed and […]
Author: Steve Kaaru
IBM Is Testing a New Stablecoin That Will Run on the Stellar Network
Stablecoins are the newest frontier in the crypto industry, and IBM is the latest company that wants to challenge Tether for market share. The computing giant is exploring the possibility of issuing a new stablecoin that will be pegged to the US dollar in a bid to provide an alternative […]
Bitcoin Is Impractical, Blockchain Is Overhyped: Stripe COO
Blockchain-based payment systems will not replace credit cards and other mainstream payment methods, at least not within a decade. This is mainly because they are too slow for day-to-day payments, with a Bitcoin transaction currently taking the better part of an hour. This is according to Claire Hughes Johnson, the […]
Blockchain Arms Race Continues as More Companies File Patents
Barclays Bank is the latest in a long line of companies that have filed blockchain-related patents as they seek to gain an edge on the newest technology frontier. The London-based financial services giant filed the two patents with the U.S. Patent and Trademark Office on July 19, with the first […]
Billionaire Investors Trash Bitcoin Despite Recent Uptrend
Bitcoin has no intrinsic value, and those who invest in it only do so in the belief that they’ll find a greater fool who’ll buy it at a higher price. This is according to billionaire investor Howard Marks who in a recent interview tore into Bitcoin, stating that it does […]
BlackRock’s Interest in Cryptos Is Great, but That Alone Can’t Salvage the Industry: Expert
The crypto market has not had the best of runs in 2018. Regulatory uncertainty and unending bashing from digital ads providers, coupled with some big heists, have instilled fear and doubt in many investors. This has led to panic selling which has in turn led to the crumbling of most […]
The Struggle Continues for Ripple as More Key Companies Snub It
Ripple and Coinbase have had a long history, one that has involved a lot of heartbreak for XRP enthusiasts. With XRP being the third-most valuable crypto by market capitalization, it was expected that the largest crypto exchange in the US would list it, but it hasn’t. The XRP community has […]
Binance Celebrates Its First Anniversary as Its Dominance Continues
Binance has become synonymous with the crypto exchange industry. It has become almost impossible to mention the industry without paying homage to the world’s largest crypto exchange by trading volume. Founded by Blockchain.info developer Changpeng Zhao and Yi He, a former executive at OKCoin, Binance’s rise to the summit has […]
CFA Adds Topics on Cryptos and Blockchain Technology to Its Exams
Once the genie leaves the bottle, it’s impossible to put back. This narrative has been quite true for the crypto and blockchain industry. After coming under attack in its early days, most often from those industries that it disrupted the most, a sharp turnaround has come about in the last […]
EOS Makes Rapid Gains as Block.one Attracts New Investors
The crypto market has experienced a turnaround after weeks of instability that saw many of the cryptos shed billions in market capitalization. The turnaround has been attributed to a number of factors, top among them being the announcement by the world’s largest asset manager, BlackRock, that it was exploring the […]
Bitcoin Awareness in Canada Rises to 85%: Bank of Canada Report
A survey by the Bank of Canada has found that 85 percent of Canadians are aware of Bitcoin. The survey further revealed that the level of ownership of the digital currency had nearly doubled in 2017, with most of the owners holding it for speculative reasons and as a form […]
More Wall Street Execs Decamp to Join Crypto Startups
Australian exchange bitcoin.com.au has a new man at the helm: Ben Ingram. The former executive at audit firm PricewaterhouseCoopers was appointed by the exchange to spearhead its expansion as it seeks to list more cryptos and become the dominant player in the largely untapped Australian market. Ingram becomes the latest […]
Bitcoin Is Still a Better Investment Than Altcoins: Crypto Expert
If you are thinking of decamping from Bitcoin to invest in the various altcoins anticipating higher returns, don’t. According to Bart Smith of the Susquehanna International Group, Bitcoin is still the best bet and will continue to dominate the market. The rise of altcoins at the end of last year […]
Google and Samsung’s Interest Could Make Ledger Europe’s First Crypto Unicorn
Every crypto user wants assurance that their crypto assets are in no danger of being stolen, and this is what has led to Ledger’s unprecedented success. Headquartered in Paris, the startup has been developing crypto management solutions since 2014, and with some infamous crypto heists in recent times reminding people […]
TenX Founder Remains Confident Bitcoin Will Hit $60,000 This Year
Have you lost faith in your Bitcoin prediction for the year? Has the recent downward spiral of the crypto markets caused you to lower your prediction? Julian Hosp, the co-founder of crypto startup TenX, is unfazed by the current market conditions. To the contrary, he remains bullish on Bitcoin, predicting […]
Chinese Yuan’s Share of Bitcoin Trading Dropped From 90% to 1%
China is one of the more technologically advanced nations in the world, and with its population closing in on 1.4 billion, it was naturally one of the biggest Bitcoin markets during the cryptocurrency’s early days. Many of the biggest exchanges in the world were established in the Asian nation, with […]
Reveal All Crypto Activity, FINRA Tells Its Members
The US Financial Industry Regulatory Authority is requesting that all its member firms notify the regulator if they engage in any activity related to digital assets. This is an ongoing initiative by the regulator to ascertain the members’ involvement in the digital assets marketplace and covers the firms, their staff, […]
Binance and Pantera Capital Among Investors as Oasis Labs Raises $45 Million
Oasis Labs has announced that it has raised $45 million to develop its privacy-focused decentralized cloud computing platform. In a press release published on July 9, the startup revealed that it had raised the funding from over 10 investors who were pooled from various industries including venture capital and hardware […]