The payment giant PayPal first invested in a blockchain start-up that uses technology to give users more control over their digital identities. According to Forbes , investments were made in the framework of raising funds for a startup called Cambridge Blockchain. In May last year, the company has already attracted $ 7 million investment. Regarding PayPal investments in the digital identity management process using blockchain technology, an anonymous source at the company stated: “We invested in Cambridge Blockchain because this company uses the blockchain to work with a digital person in such a way that, we believe, it can benefit…
Author: BlockchainJournal
Former Goldman Sachs partner and founder of the Galaxy Digital cryptocurrency bank, Mike Novograz, advises crypto enthusiasts to sell Litecoin and acquire Bitcoin (BTC). Novograc has always argued that Bitcoin (BTC) occupies a special place in space. He said that Litecoin is the illustrious Bitcoin test network and, thus, does not seem to be something “useful” in the cryptocurrency space. In his Twitter, Mike Novograc wrote the following: Gold has a market capitalization of $ 8.5 trillion. Silver – $ 15 billion, this is 17% of the capitalization of gold. BTC has a market capitalization of $ 90 billion…
The Jamaican Stock Exchange (JSE) in partnership with the Canadian FINTECH startup Blockstation will soon begin testing transactions with Bitcoin (BTC) and Ethereum (ETH) . According to a press release, the partners entered into a master agreement that allows you to “trade in digital assets in real time in a regulated and secure environment.” Testing of BTC and ETC trading will become part of the second phase of the pilot project. In the first phase, the JSE and Blockstation pilots conducted an experiment on real cryptocurrency for 60 days, in which regulated brokers-dealers, market makers and the Central Depository of…
Mining cryptocurrency often falls into the headlines of popular media, mainly because of the energy consumed in this process. A recent study conducted by the science journal Nature Sustainability claims that crypto-mining consumes more energy than mining with the same market value. But this is not entirely true, crypto-mining has its advantages, which in the long run can be useful for society. Let's figure it out. How does crypto mining work? In fact, the cryptocurrency is not regulated by the government or the bank. Transactions are stored in blocks that are interconnected, forming a single blockchain . To verify and…
The founder and head of investment company BKCM LLC Brian Kelly (Brian Kelly) said that the next goal of Bitcoin was the mark of $ 6,000. In an interview with CNBC's Futures Now program, Kelly said that after yesterday's jump in the first cryptocurrency rate by 17% and reaching the $ 5,000 mark, the bottom of the cryptocurrency market seems to have passed. “All indicators, whether fundamental, technical or quantitative analysis, show the completion of the formation of the bottom. What is interesting in this movement is that it passed against the background of the improvement of fundamental indicators and…
Within 10 years, Bitcoin will bypass the current giants of the payment system market like Visa and MasterCard. This is the conclusion reached by DataLight analysts, noting that such a scenario is quite likely if the first cryptocurrency keeps the current pace of technological development. As the company writes in its blog, since the advent of Bitcoin in 2009, BTC has already managed to conquer a significant part of the payments market. And if the current exponential rates of cryptocurrency development continue, over the next ten years, Bitcoin will be able to win competition from major payment systems such as…
The US Securities and Exchange Commission (SEC) has published a new guide for issuers of cryptocurrency tokens, which can be considered unofficial instructions for determining whether the issued assets fall into the category of securities. The document has been drafted over the past six months by the Strategic Hub for Innovation and Financial Technologies of the Ministry (FinHub). Is a digital asset a security? FinHub […]
The CEO of the crypto company BCB Group claims that today's rise in the price of Bitcoin was caused by one investor who distributed $ 100 million across three large cryptobirds . In a conversation with Reuters, Oliver von Landsberg-Sadie said that transactions totaling about 20,000 BTC at the same time on Coinbase, Kraken and Bitstamp caused a breakthrough of the BTC rate above $ 5,000 . “There was one application, algorithmically distributed among the three platforms, by about 20,000 BTC. If you look at the volumes of each of the three exchanges, you can see the simultaneous appearance of…
On the KuCoin Spotlight platform, the initial exchange offer of the cryptocurrency project MultiVAC was held. The campaign lasted seven seconds, while 1,661 users from 59 countries were able to participate in the campaign. 7 SECONDS! Congratulations to 1661 users who have purchased the token! pic.twitter.com/vJGuGSPSgP – KuCoin Updates (@KuCoinUpdates) April 3, 2019 In total, the project released 10 billion MTV tokens from […]
The recent and rather unexpected rise in the price of Bitcoin has stirred up the cryptocurrency market. The list of popular search queries Google has also changed, it is obvious that the excitement spread to other markets, as today Google tracked more than 50,000 queries on the word "bitcoin". At the time of this writing, the bitcoin query has become the second most popular search term on Google – in the United States alone there were more than 50,000 queries. In the first place was the movie “The Avengers: tickets to the endgame” – 100,000 hits, and the third was…
