Nandan Nilekani, the co-founder, and chairman of Infosys published an opinion piece today on the growing SME funding gap in India and how cryptocurrencies can help in closing the gap. The opinion piece and bullish stance of India’s leading IT consultancy provider come at a time when the Indian government is reportedly working towards a
Giant Steps Capital, Latin America’s biggest quantitative asset manager has bought a small stake in Polvo Technologies, a software firm that develops machine-learning-based trading strategies for Bitcoin and other digital assets. The investment made by the fund manager comes just on the heels of their plan of launching a Bitcoin and cryptocurrency-centered investment fund. Flavio
Mastercard vice-chair Ann Cairns in a recent conference said Bitcoin is too volatile for its upcoming crypto payment services that the company announced earlier this month. Cairns believes Bitcoin in its current form is too volatile and slow to be a form of payment. She said, “Bitcoin doesn’t behave like a payment instrument, It’s too
Leading crypto exchange, Coinbase, announces a list of 19 cryptocurrencies which are currently under consideration for listing. The exchange management is reviewing the following cryptocurrencies, These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA,
After MasterCard’s recent announcement on expanding support to cryptocurrencies, VISA has laid out a similar press release willing to keep up with the competition. VISA is planning to make it quicker and easier to spend digital currency worldwide. According to their announcement, around the world, more than 25 digital currency wallets have linked their services
Out of 660,000 application of the Paycheck Protection Program (PPP) from the CARES fund (Coronavirus Aid, Relief, and Economic Security (CARES) Act more than 75 start-ups are working with cryptocurrency and Bitcoin. The report released by the SBA reveals the details of the $700+ billion fund. According to the report, the owner of the Electric Coin
The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether. Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.
There are a number of renowned investors like Warren Buffet, Jim Rogers, Peter Schiff and so on who reject the idea of Bitcoin. Among them, Schiff is one of the leading critics, voicing his scam and Ponzi call on Bitcoin and crypto on a regular basis. According to Max Keizer, these ‘not’ Bitcoin influencers are
Bitcoin [BTC] and Ethereum [ETH] are the only cryptocurrencies with real fees paid for transactions. Bitcoin and Ethereum Only, Please! In the early days of Bitcoin [BTC], it was practically free to use with the transactions costing next to nothing. The incentive of the miners, on the other hand, was block rewards. 10 years down
Coinshares, the Digital Asset Management firm in the UK has partnered with Nomura and Ledger to launch a digital asset custody service. The new firm, Komainu, headquartered in Jersey will be lead by Coinshares CEO, Jean-Marie Mognetti. Komainu’s aim is to develop an institutional-grade custody business. It will provide multi-asset support, assurance with regulatory compliance and insurance. Nomura is
One of the largest football clubs in Europe, FC Barcelona, is set to launch its’ Token Offering on 22nd June 2020. The team, currently led by Lionel Messi has a rich history of winnings and players like Ronaldinho, Johan Cruyff, Xavi, Iniesta and more. On Twitter itself, the sporting clubs’ following is over $32 million. The $BAR
Lately, there have been a lot of indicators in the crypto market which highlights direct correlation with world events. Beginning with the US-Iran airstrike and COVID-19 scare in China in January to the ‘Black Thursday’ Crash in March, Bitcoin price action has had a strong relevance. Reaction to the U.S. Fed Announcement On Wednesday, the
Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm
Reportedly, Agricultural Bank of China has launched a test-app for the Digital Currency/Electronic Payment system. The fear among Chinese citizen due to the spread of coronavirus via cash bills rampant. Digital Blockchain Program will accommodate other blockchain projects like a smart contract platform. China has ramped up its efforts to initiate the Digital Currency launch and
In an interesting turn of regulatory events this morning, the Apex court in India finally bought an end to the diktat which kept Indian crypto enthusiasts, traders, investors, and businesses away from cryptocurrency trading and dealing. The end of this ban has definitely bought smiles for the crypto industry in Asia’s third-largest economy which has
GAIN Capital Holdings, Inc agrees to an all-cash acquisition by to INTL FCStone Inc. at a rate of $6/share. The trading major from New Jersey, US made the decision after reporting losses of $60.8 million in 2019. The premium paid for the acquisition is around 70%, as the share price of Gain Capital as reported on
“This is not a time for fear. This is a time for taking action to prevent infection and save lives now,” says World Health Organization head Dr Tedros Ghebreyesus Iran, Italy and South Korea are now fighting to contain the virus to avoid a situation like China. In total, the number of cases reported in
In a landmark case involving ‘reversing traders‘ on Exchanges, a Singapore court has ruled against the practice. Trader, alias B2C2 wins over crypto exchange operator, Quoine after it arbitrarily cancelled seven of the trader’s order. Moreover, the most interesting part of the case is that both parties in the transactions were just a bunch of algorithms.
Trafficking of children and women is the harsh reality of today’s world. Governments and law-reinforces continue to battle the syndicates, but have largely failed. In the US, the FBI and Justice departments fall under a lot of scrutiny for the their inability to curb the issue. Reportedly, US lawmakers and Department of Justice under Attorney
After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.