As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically. As the global economy trembles, investors continue to find sanctuary in stablecoins. In the most recent 12-month period (ending April 29, 2020), the three top stablecoins — Tether (USDT), Circle (USDC) and Paxos (PAX) — increased […]
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Tokenization might be the best way for businesses to adjust to the new reality of the global coronavirus pandemic. One of the most curious and subtle developments of the COVID-19 global pandemic is the surging demand for stablecoins. Their total supply hit an all-time high recently — roughly $7.5 billion — with demand for Tether […]
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Tencent, the operator of major Chinese social media app WeChat, has opened applications for its new blockchain accelerator. Tencent, the operator of Chinese social media app WeChat, is launching a blockchain accelerator. Announced on the company’s website on April 29, the “Tencent Industrial Accelerator” is open to both early-stage and mature blockchain startups, with a […]
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At Virtual Blockchain Week, Binance’s CZ argued that stablecoins and charity initiatives are driving significant crypto adoption worldwide. Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption. CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain […]
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Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020. Europeans are getting more confident about the future of the cryptocurrency industry amid the coronavirus pandemic, according to a new report. People in Europe are becoming more optimistic about […]
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New report suggests that the Chinese crypto mining giant might be getting back on its feet. Chinese cryptocurrency hardware manufacturer, Bitmain, made over $300 million in profit in the first four months of 2020. This news comes despite the COVID-19 outbreak and recent rumours about in-house problems, a recent report suggests. Bitmain allegedly earns over […]
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China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies. China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has announced its third round of blockchain projects to receive approval from the country’s regulators. 224 distributed ledger technology (DLT) ventures have been added to the commission’s registry, […]
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Annual report from Bitcoin SV’s The Bitcoin Association, claims BSV now rivals VISA for transactions per second, and offers BSV miners “better returns” than BTC. The Bitcoin Association, which promotes Bitcoin SV, says the BSV network now rivals credit card processor VISA in terms of transactions per second. It also claims BSV transaction processors (miners) […]
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An exclusive report shared with Cointelegraph highlights the positive impact that blockchain could have on the music industry. The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph. […]
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Two blockchain firms backed by Samsung and Sequoia Capital have launched a DLT think tank for the Middle East, African, and South East Asian regions. Aergo and Blocko, two blockchain firms backed by both Samsung and Sequoia Capital, announced the launch of a regional think-tank intended to bolster the adoption of innovative technologies across the […]
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