India draws closer to the deadline for a legal battle between the country’s central bank and local crypto exchanges. The Indian Supreme Court has set a deadline of two weeks for the country’s government to present its official position on cryptocurrencies, Indian newspaper The Economic Times (ET) reports Friday, Oct. 26. After multiple delays, the […]
Continue Reading
The CEO of Visa said that cryptocurrency does not pose a threat to the company’s “hegemony” since it is “more a commodity” than a means of payment. CEO of global payment giant Visa Al Kelly stated that cryptocurrency does not pose a challenge to the company’s dominance in the payment sphere in the “short to […]
Continue Reading
sponsored Battle games are coming to blockchain, with a video game industry veteran launching a new title where players own, mutate, and battle digital crabs with unique attributes. An Australia-based digital entertainment company with a global audience of 350 million gamers is turning its attention to blockchain as it launches its first cryptocurrency-based web game. […]
Continue Reading
Bloomberg’s market experts consider that Bitcoin’s low volatility levels signal the coin is finding a price bottom. Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24. Data analyzed by Bloomberg reveals that in […]
Continue Reading
A Chinese arbitration court has ruled that “there is no law or regulation that explicitly prohibits parties from holding bitcoin or private transactions in bitcoin.” An arbitration body in China has ruled that cryptocurrencies such as Bitcoin (BTC) are legally protected as property, in a case published Oct. 25 via the arbitrator’s WeChat account. The […]
Continue Reading
Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the […]
Continue Reading
The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were arrested The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25. Debjani […]
Continue Reading
Sources familiar with the matter told Bloomberg that crypto mining firm Bitfury is considering an Initial Public Offering. Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25. People familiar with the matter reportedly […]
Continue Reading
North Korea has allegedly backed at least two scam coins this year, according to a recent report by a U.S. security firm. According to a new report from U.S.-based security firm Recorded Future published on Oct. 25, the North Korean government has sponsored at least two scam coins. In the report entitled “Shifting Patterns in […]
Continue Reading
Tech startup Ripple has released its third quarter financial report, saying it saw a double increase in XRP token sale revenue. American tech company Ripple reported that its revenue from XRP token sales doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018, according to the company’s quarterly report published Oct. […]
Continue Reading