Twitter and Square CEO, Jack Dorsey, once again demonstrated his appreciation of the crypto industry. Recently, he showed some new functionalities introduced to Square’s Square Cash application. Dorsey demonstrates support for BTC once again The popular app allowed users to buy BTC for quite some time. Not only that, but the users themselves appreciated this functionality. However, it now also allows users to make recurring Bitcoin purchase...

Ethereum Classic Labs (ETC Labs) and its ETC Core developer team recently announced that Ethereum Classic (ETC) will undergo a hard fork dubbed Phoenix. Per the announcement on May 14, this network upgrade is scheduled to take place at block 10,500,839. The organization approximates that this event will take place on June 3. The publication further cited that this system-wide upgrade is a result of a consensus among stakeholders in the Ethereum C...

Ontology, a high-performance enterprise blockchain, and distributed collaboration platform has partnered with Spherity, a German decentralized digital identity specialist. A report unveiled this news on May 15, noting that this collaboration will see Spherity integrate the Ontology blockchain into its Cloud-Edge identity wallet. Ontology will benefit from this strategic partnership by tapping into Spherity’s blockchain-agnostic Decentralized Digi...

Reddit, one of the most popular social media platforms today, recently announced plans to introduce its Community points based on Ethereum. The platform is currently testing two types of points — one for Fortnite players, while the other is for crypto enthusiasts. However, one thing that no one expected is that Fortnite users would be more enthusiastic about it. Reddit brings Moons and Bricks The crypto community spent the past 11 years in a batt...

Back in the day, when it first emerged, Ethereum (ETH) came with quite a promise. It was branded ‘The World Computer,’  with claims that it can do anything that can be coded. However, it never received one single thing that it needed to become an essential project, and that would be a killer use case. Then, it finally happened. Ethereum’s main use cases are a thing of the past For a large portion of its history, Ethereum was most...

Over 11 years ago, when Bitcoin was created, the coin was promised to be a solution for the future. It was presented as something that should be able to prevent financial collapse during any future crisis. Satoshi Nakamoto, the coin’s creator, wanted for Bitcoin to be there when traditional finances fail. Now, for the first time in 11 years after the coin emerged, the opportunity to test its performance under such conditions arrived. The wh...

An unknown group of hackers infected multiple supercomputers across Europe with crypto mining malware over the past week. A report unveiled this news on May 16, noting that the infections were confirmed in the UK, Switzerland, and Germany. There was also another suspected attack in Spain. Following these attacks, the operators of the supercomputers shut down their systems to probe the intrusions. Per the publication, the first report of an attack...

After the crypto price crash in mid-march, traders seemingly became very optimistic about the future of Ethereum. As March approached its end, the number of Ethereum longs surged, and it continued to grow until it reached a new all-time high. Even then it did not stop, but it kept surging higher and higher, even in recent weeks. Ethereum longs on a sharp rise for months The interest in Ethereum longs intrigued the analysts, even more so consideri...

After trying to help its investors secure their investments through the addition of new features earlier this year, Huobi DM now decided to introduce an even bigger change. According to its Sunday announcement, the exchange plans to completely change the name of its derivatives platform. Huobi’s derivatives platform sees major popularity Once known as Huobi DM, the platform will now change the name into Huobi Futures. The move comes due to a mass...

Blockchain technology came as a revolutionary new invention that promises transparency, immutability, and simply — truth. However, one thing that developers seemingly forgot about is navigation.  In the sea of data that is even a single blockchain, finding the specific block, or a specific transaction comes as nearly an impossible task. Bitcoin’s blockchain, for example, grows a block longer after every 10 minutes, and it has been grow...

Facebook’s own digital coin project – Libra – was introduced as a new global payment system where each Libra token would be supported by several traditional currencies. The Libra Association released an updated whitepaper last month, announcing its plan to launch several stablecoins, each stablecoin backed by a single nation’s currency, in an attempt to appease regulators.  After Visa, Mastercard, eBay, Stripe, and Mercado Pago h...

Ripple is developing its own lending solution, said a company representative for the Block. In the meantime, the price action is struggling to stay above $0.20 as the sellers eye a trip to $0.1750. Fundamental analysis: Ripple confirms it is venturing into lending The new solution will offer working capital loans to RippleNet clients and the company is now looking for a new boss of product management for the loan unit.  “We are expandi...

Nvidia Corporation, one of the world’s best-known tech firms and manufacturers of GPUs, chips, and similar products, once again found itself targeted by a class-action lawsuit. The lawsuit is actually an amended filing of an older lawsuit. It accused the firm of misrepresenting as much as $1 billion in order to convince others that the crypto mining sector doesn’t have a major impact on its chip sales. An amended filing once again bla...

Recently, we reported about Ethereum’s MakerDao making a move that will bring Bitcoin to Ethereum’s blockchain. The move was considered rather revolutionary, and it brought the coin to Ethereum in the form of Wrapped Bitcoin (wBTC). Now, only a short period later, the amount of wBTC on Ethereum managed to climb to as much as $22.5 million. In fact, the amount exceeded that of Bitcoin’s own Lightning Network by more than two time...

This year brought a lot that the world needed to handle, including the third halving of the world’s largest cryptocurrency, Bitcoin. In fact, Bitcoin (BTC) halving was one of the most highly anticipated, as well as the most concerning pending events for months, now. People wanted it to happen because the halving usually means that the coin’s price will experience huge growth like it did in the past. However, it also means that its blo...

The founder of a project called DigiByte (DGB), Jared Tate, recently made an announcement that astounded the crypto space. He revealed that he plans to step down from the front of the crypto sector. As for his reason for doing so, he listed the ‘greed and rampant pillaging’ of the digital currency industry. His announcement came only yesterday, May 15th, via his own Twitter page. 90% of the crypto industry only cares about which coin...

Tesla CEO, Elon Musk, became rather well known as a popular billionaire and a careful fan of cryptocurrencies. However, he was always careful not to give any false — or overly serious — claims regarding Bitcoin and its altcoins. He does address the crypto world relatively frequently on his Twitter account, which always results in a wave of excitement that goes throughout the crypto community. This time, however, he was one of those who attempted...

Visa International, a multinational financial services corporation has filed a patent for a cryptocurrency system that aims to replace fiats. The United States Patent and Trademark Office (USPTO) published this patent application dubbed “digital fiat currency” on May 14. Per the publication, Visa filed this application on November 8, 2019. Per the publication, Visa’s patent application is for a fiat-linked cryptocurrency system that leverages a p...

The largest cryptocurrency price tracking website, CoinMarketCap, has just launched a new way to track coins. Recently, reported that CoinMarketCap got acquired by Binance for $400 million, which was estimated as the largest crypto deal to date. Now, the popular price tracker started introducing new features, including ranking crypto exchanges by web traffic. Interestingly enough, Binance exchange itself, which holds a perfect score. A new way to...

Temasek Holdings, a Singapore stake investor has joined the Libra Association. The group unveiled this news on May 14 through an official statement, noting that Temasek was among three of its latest members. The other two members are San Francisco-based crypto investment firm Paradigm and Slow Ventures, a private equity firm. In the statement, the organization said that Temasek would bring a differentiated position as an Asia-focused investor. Sp...

Coinbase exchange recently spoke about how its users tend to behave during Bitcoin price rallies. Interestingly enough, the exchange shared that the users do not usually stick to Bitcoin. Instead, they often shift towards altcoins, presumably with expectations of their own prices following that of Bitcoin. Why are investors moving towards altcoins? The exchange released its findings in a blog post, published on May 13th. It noted that around 60%...

FTX once again made the headlines thanks to yet another new futures product. Recently, we reported that FTX launched crude oil futures, and now, the rising derivatives platform proved just how innovative it can really be. Bitcoin price is volatile — that is something that even those who don’t even know what Bitcoin is known by now. This made Bitcoin futures that tracked its price rather popular among investors. However, according to FTX&#82...

Australia has been trying to fight money laundering by introducing strict AML rules for crypto exchanges for years now. However, while the fight has helped with making the crypto industry better and safer, there are still instances of criminals misusing it for their own benefit. A money-laundering syndicate uncovered in Australia The most recent example of this was just reported recently by Daily Mail Australia. The report revealed that the Sydne...

Africa has long been one of the most difficult regions to live in the entire world. Its harsh climate, poverty, the lack of food od clean water, as well as many other issues made it difficult to survive, let alone prosper. However, Africa also suffered because its people were mostly underbanked, or even completely unbanked. With no great opportunities to make a profit, the banks simply do not bother with it. This made a perfect opening for the cr...

Bitwala, a German neobank has introduced a Bitcoin Interest Account product. A report unveiled this news on May 14, noting that this product will let the bank’s 80,000 clients purchase, hold, and earn interests of up to 4.3% on BTC. Per the publication, the bank joined hands with Celsius Network, a crypto lending platform to launch this product. Reportedly, this move makes Bitwala the first classic bank to pay its clients for holding BTC. As such...