Report: Huawei & Chinese Government May Work Together on Blockchain 12
Huawei Delves Into Blockchain: Report According to a report from Alice Crypto, a blockchain industry member seemingly based in China, that was shared by popular cryptocurrency content creator BoxMining, Huawei might be getting into this nascent technological class. Every company in China is jumping on the Blockchain Boat. Huawei Blockchain...
Want to Spend Bitcoin on Amazon? There's An App For That 13
Crypto investors have long been asking when Amazon, the massive American e-commerce giant, will integrate Bitcoin (BTC). These expectations make sense. If the platform accepted Bitcoin payments, users would effectively be able to stake their entire lives on cryptocurrency. So far, Amazon has been mum on the topic. The firm...
Banks Excited About Libra, Crypto's Exec Says 14
Libra May Sign on Banks…  On Monday, the Libra Association — the somewhat decentralized body governing the Libra blockchain and crypto asset — finally ratified its charter. In a press release published on Monday night, the Libra Association confirmed the 21 member companies — seven less than the initial 28 mentioned...
Ripple is Now More Valuable Than WeWork: the XRP Effect 17
Yesterday, top finance news outlet Fortune reported that Ripple Labs — an American fintech company — has just completed a massive funding round, a Series C. The investment, $200 million — sourced from global investment firm Tetragon, Japanese finance-centric conglomerate SBI, and Route 66 Ventures. This funding round, one of the...
Bitcoin (BTC) Hash Rate Sets Fresh High After Price Crash to $8,000 19
Booming Mining Ecosystem When nearly half of Bitcoin’s hash rate — a metric used to describe the level of computational power backing the network and processing BTC transactions — seemingly disappeared overnight earlier this week, investors were quick to express their concerns on online forums. Cornell University professor Emin Gün...
Crypto Giant Coinbase Criticized as it Looks to Support Altcoins: Why So? 21
Coinbase to Add Altcoins, Sees Criticism from Crypto Community Coinbase has long been an integral part of the crypto industry. Launched in 2012, the exchange and infrastructure provider has become a way for hundreds of thousands, even millions, to interact with the ecosystems of Bitcoin and other digital assets. But,...
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For the longest time, the crypto market has existed independent of traditional financial structures. Indeed, banks have shunned users of Bitcoin, citing the potential illegality of transactions using BTC, and some of the world’s most powerful individuals have shunned digital assets as a whole. But, one leading industry executive believes...