It’s easy to see why Zimbabwean entrepreneur James Saruchera wants to use cryptocurrency to circumnavigate inflation. As a university student in South Africa, Saruchera dropped classes and worked multiple jobs when inflation in his homeland made it impossible to remit school fees. His parents later lost their savings and pension investments after another bout of hyperinflation. Yet when Saruchera founded …
Over the past 12 hours, the Bitcoin price has increased by more than 4 percent, rising from $6,400 to $6,700 within a short period of time. Analysts have attributed the abrupt increase in the price of Bitcoin to the temporary downtime of BitMEX, a crypto exchange widely recognized for its margin trading system that enables users to trade Bitcoin and …
Hedera Hashgraph Crowdsale closed this week. 6,000 people registered for the Crowdsale, indicating a strong community interest in the project. Hedera raised 120M USD which was divided 100M is Private / Presale and 20M was sold in the Main Sale. The token generation event will happen on August 19th. At that point, the full 50 billion tokens will be generated …
It has been three months since UPbit, South Korea’s biggest crypto exchange, was raided by local authorities. Yet, the government has not released a public statement on the investigation. Did the Investigation Find Nothing? Earlier this year, UPbit was raided by local financial authorities under the suspicion of manipulating and inflating its balance sheet. The Korea Financial Intelligence Unit (KFIU) …
Crypto-junkies and digital nomads rejoice, European fintech unicorn Revolut just launched its most exclusive card yet. Revolut Metal offers cash back in crypto on card purchases, a personal concierge, travel insurance and a higher £600 ($771.3) of free global ATM withdrawals per month, along with all of Revolut’s existing Premium features. But Metal, which of course includes an exclusive metal …
It’s an understatement to say the current price of the world’s largest cryptocurrency pales when compared to its past glories – at $6,700, bitcoin is down roughly 60 percent from its all-time high. That said, market conditions aren’t the same as they have been in years past. Indeed, bitcoin’s 2017 boom has brought new attention, and with it, traders and investors …
Apple co-founder Steve Wozniak announced Tuesday that he’s now working with investment-focused crypto startup Equi Capital. Speaking to Null Transaction, the bitcoin proponent said this is the first time he has worked with a blockchain company in his career, adding that he “was amazed at the technology behind [cryptocurrency].” Equi aims to act as an investment firm, Wozniak said. According …
At least five employees have left BitTorrent, the peer-to-peer networking pioneer, following its June acquisition by Justin Sun, the founder of the controversial blockchain protocol Tron, CoinDesk has learned. According to multiple sources with direct knowledge of the acquisition and company operations, the departures were related to concerns about the acquisition, as well as the direction proposed for the company …
Crypto markets have fallen on hard times recently with declining prices and increasing regulatory attention, but a new Winklevoss twin-backed group is looking to lay the groundwork for a self-regulatory body that would clean up the industry. The Virtual Commodities Association, first proposed in March 2018 and officially launched on Monday, is an industry working group comprised of cryptocurrency exchanges …
Shipping giant UPS has filed for a new patent that uses blockchain as part of a distributed system for sending packages worldwide. The patent application, published on Aug. 16 by the U.S. Patent and Trademark Office (USPTO), further reveals the company’s interest in using blockchain to re-envision how shipments move around the world. Entitled “Autonomous services selection system and distributed …
