Companies like Visa and Mastercard are taking an interest in crypto startups to drive growth, but does this challenge the fundamentals of crypto? Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs. In January this year, Visa acquired fintech firm […]
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Major crypto exchanges are consolidating smaller, niche services to expand their overall market reach. The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global […]
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How do we get DeFi “to cross the chasm?” As decentralized finance begins to gain ground, Chainlink co-founder Sergey Nazarov believes there are two ways for more mainstream adoption. Speaking at the Smart Contract Summit, Nazarov said he sees two ways DeFi “crosses the chasm” and more Web 2.0 companies to adopt these technologies. “The […]
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How institutions store and secure digital assets have a fundamental impact on transaction fees. Transaction costs on the Ethereum blockchain are at record highs, and no one will let you forget it. Reports often detail how decentralized finance platforms are the cause of ever-rising gas fees — tokens paid to miners who confirm and enable […]
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He also said that nothing built on Ethereum is capable of scaling. Will Martino, the former lead engineer for JPMorgan’s Quorum blockchain, shared insights into the project’s acquisition by ConsenSys with Cointelegraph. He believes that while the technology was good for its time, it inherited fundamental flaws from Ethereum (ETH). Martino was involved in the […]
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FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app. Blockfolio is off the table, and with it goes the second — and arguably final — opportunity for a crypto exchange to add millions of existing retail users to its ecosystem. Following Binance’s acquisition of CoinMarketCap (CMC) earlier this year, crypto […]
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The Competition and Markets Authority find no reason that the merger will affect competition in the U.K. consumer-to-business electronic payments sector. The United Kingdom Competition and Markets Authority, has given the go-ahead to Visa’s acquisition of fintech startup Plaid following a Phase 1 review. According to an Aug. 24 announcement, the CMA investigated several ways […]
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EOSIO explorer Bloks.io now belongs to another firm. Blockchain-based payment platform Metal Pay has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal Pay representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer […]
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Samsung and Gemini’s joint efforts may help to overcome some of the roadblocks facing the global adoption of cryptocurrencies. In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only […]
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Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator. Satoshi Nakamoto years ago envisioned an ecosystem that would be independent of the centralized financial system that dominates the global economy today. His creation sparked a global community of enthusiasts and an entire industry […]
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