Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike
Digital RMB testing for cross border payments and electric vehicles continues, sentiment takes a dive and blockchain events return to meatspace.Continue Reading
Russia’s Hermitage museum to host NFT art exhibition
The NFT exhibition will be part of the “Hermitage 20/21” project.Continue Reading
Australian government offers $6M in grants to innovative blockchain teams
The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions.Continue Reading
6 Types of Crypto Assets You Need to Know About
The cryptocurrency world is full of jargon; acronyms and futuristic words that could be straight out of the latest sci-fi flick. Along with cryptocurrencies like Bitcoin and Litecoin, there are many other different types of crypto assets that can be found on the blockchain: Stablecoins As the name suggests, stablecoinsContinue Reading
Why Goldman Sachs is Wrong About Bitcoin
Bitcoin is one of the most popular cryptocurrencies out there, and it continues growing each year. The digital currency world has become popular for online transactions and enhanced security. However, some remain skeptical. Goldman Sachs recently held a briefing with investors where leaders discussed the crypto world with clients. TheContinue Reading
DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days
Strong growth in the DeFi sector led Band Protocol (BAND) and Chainlink (LINK) to gain more than 100% over the past few weeks. This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been stronglyContinue Reading
Facebook Goes All-In on Fintech With Launch of New Product Group
Facebook is determined not to take “no” for an answer when it comes to fintech. Facebook has launched a new product group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. The group, called Facebook Financial — or “F2” —will run its payments projects, includingContinue Reading
Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors
Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March. The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is,Continue Reading
President Macron Could Leverage Blockchain to Transform Lebanon Aid
Blockchain technology has the potential to bring transparency to the deployment of financial aid. Israeli blockchain startup Orbs has published an open letter to French President, Emmanuel Macron. This letter promotes the use of blockchain technology to manage foreign aid following the tragic explosion in Beirut on August 4. Blockchain’sContinue Reading
Why Binance’s New Debit Card Fails to Fulfill Satoshi’s Vision
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 ofContinue Reading
Guide to Smart Contract: What are Smart Contracts?
This guide to smart contract takes a look at what are smart contracts and how they work. The various applications and use cases will also be explored. Blockchain technology is a crowning jewel created from the advancements of cryptography and computer science. It is fast gaining traction as a revolutionaryContinue Reading
OneCoin Investors Settle Case with Scam Company’s Co-Founder
The legal tussle between crypto scam operator OneCoin and several of its victims appears to have come to an end. Investors in the company have agreed to terms for a settlement agreement with Konstantin Ignatov, per reports from Finance Magnates. An Anticlimactic End Ignatov was the brother of OneCoin’s founder, RujaContinue Reading
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently shaken when itContinue Reading
3 Major Industries That Blockchain Technology is Changing
This article takes a look at 3 major industries that blockchain technology is changing and how blockchain is shaping industries of the future. Blockchain & Cryptocurrency During the last few years, blockchain technology registered on most people’s radar in the form of cryptocurrency. Bitcoin and other cryptocurrencies have never beenContinue Reading
Bitcoin Price Prediction: BTC/USD Suffers a Sudden 2.33% Drop Towards $11,000
Bitcoin (BTC) Price Prediction – August 7 The Bitcoin price dropped from $11,917 to $11,346 in minutes but managed to recover. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $12,400, $12,600, $12,800 Support Levels: $11,000, $10,800, $10,600 BTCUSD – Daily Chart At the time of writing, BTC/USD isContinue Reading