Jack Dorsey known as CEO of twitter, his company Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin wallet, signaling continued conviction in the future of digital currency payments.  He tweeted from his personal handle...
On June 10, 2019, Coindesk reported that spokesperson told them that the New York-based Metropolitan Commercial Bank kept the accounts of the stable currency issuer Tether and its affiliates for less than six months before they decided to shut it down. The New York...
It is no news that the Indian government frowns at cryptocurrency and anything related to digital assets, and that recently included Facebook's crypto, Libra and its Calibra wallet, which have been surrounded by so many controversies recently. Days after Indian government officials publicly expressed...
JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business as JPM coin. This coin won't be regulated to retail customers instead it will be used internally to enable instant transfer of payments between institutional accounts. When a individual...
With the mysterious death of a great entrepreneur Gerald Cotten, investors are in rage to sum up their money they have invested in his huge crypto exchange house. As per the filed obtained from court, it states that his digital wallet holds a cryptocurrency worth $190 million. Internet forums began...
It was in the final days of November 2017 when XcelTrip first revealed itself to the world at the Blockchain Expo in Santa Clara. Proving their clear intentions guided by a tunnel vision focus, in less than 9 months since the first teaser, XcelTrip...
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018. Based on the new monetary law issued by the bank that is scheduled...
The bank that prints the money used today in Lebanon plans to launch its own digital currency. Announced Thursday by Riad Salameh, the governor of the Banque du Liban, Lebanon's central bank, it's not yet clear if the project will be based on blockchain technology, though the idea appears to have been addressed...
Add the CEO of Swiss banking giant UBS to the "blockchain not bitcoin" crowd. In a new interview with CNBC this week, Sergio Ermotti expressed doubt about cryptocurrencies, stating that the role of the technology still "needs to be defined." However, he was more bullish on private distributed ledger technologies, noting his company has...
According to an article published by Business Insider, Dutch bank ING recently published a study suggesting that bitcoin mining consumes too much electricity. The report claims that a single bitcoin transaction consumes as much electricity as a house in a whole month, and compares it to the amount of electricity traditional electronic payment methods...