Bloomberg: Proof-of-Stake Token Investors Could Use Staking For Gains During Bear Market

Proof-of-stake token investors have a unique option to survive the protracted crypto market slump: staking their holding for the block rewards. A Bloomberg article published today, Feb. 1, suggests that proof-of-stake (PoS) token investors have a unique option to survive the protracted crypto market slump: staking their holdings. In blockchains that use a PoS system […]

Continue Reading

Chinese District Food and Drug Administration to Use Blockchain for Quality Assurance

The Food and Drug Administration of the Chinese Chongqing Yuzhong District is set to employ blockchain technology. The Food and Drug Administration of the Chinese Chongqing Yuzhong District is going to apply blockchain technology to its operations, the official newspaper of the Chinese Communist Party, The People’s Daily, reports on Jan. 31. Blockchain will purportedly […]

Continue Reading

PayPal Originally Aimed to Create Global Currency Similar to Crypto, Co-Founder Admits

PayPal co-founder Luke Nosek admits the company would have created something like cryptocurrencies if the market had permitted. PayPal’s co-founder Luke Nosek has said that his firm initially wanted to create a digital currency that would be independent from banks and governments, similar to crypto. The video of his comments was uploaded to crypto streaming […]

Continue Reading

Fidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages

Fidelity’s cryptocurrency trading and custody platform has purportedly entered the “final testing” stages. American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31. Per the announcement, the firm is currently providing services to a small, […]

Continue Reading

Canadian Cryptocurrency Exchange QuadrigaCX Files for Creditor Protection in Nova Scotia

Canadian cryptocurrency exchange QuadrigaCX has filed for creditor protection in the Nova Scotia Supreme Court. Following months of financial and legal troubles, major Canadian cryptocurrency exchange QuadrigaCX has filed for creditor protection, according to an official announcement on Jan. 31. Per a statement on the exchange’s website, the firm filed an application for creditor protection […]

Continue Reading