News surfaced online a few days ago about a Chinese miner who allegedly spent $2.6 million on a transaction fee to transfer a meagre $134 worth of ether. While the funds could be lost forever, some blockchain investigators claim that the miner must have been in some kind of underhand dealings. Perhaps it was an […]
Three Arrow Capital Becomes First Qualifier to Hold most GBTC Shares
Founded by Su Zhu and Kyle Davies, Three Arrows Capital hit the headlines back in April after investing in BlockFi. Singapore‘s registered hedge fund has resurfaced once again after becoming the first qualified investor to hold more than 5 percent of the Grayscale Bitcoin Trust (GBTC) shares. The cryptocurrency hedge fund now owns 6.26 percent […]
Tether will Surpass Ethereum and Take Position #2 by Market Cap
Bloomberg’s report indicates that Tether(USDT) will take the # 2 spot and overtake Ether by market capitalization. The report, which provided Tether’s future outlook for the month of June, identified Tether ‘s growth as a major driving force for Bitcoin ( BTC). In particular, citing the relevant digital link between blockchain and the US dollar […]
FXCoin Analyst Believes Weak Yuan Could Strengthen Bitcoin
Economic sanctions against Chinese traders are likely to weaken the value of the Chinese Yuan. As a result, Bitcoin’s (BTC) value is likely to strengthen. This is according to Yasuo Matsuda, a senior strategist at FXCoin. COVID-19 Caused a Domestic Recession Speaking to Cointelegraph Matsuda noted that the Yuan’s depreciation would easily lead more Chinese […]
The Panacea: Blockchain in Digital Marketing
The fascination behind the blockchain is in its application. This technology has introduced immense opportunities for dozens of businesses. From on demand services, to insurance companies and Marketing departments. Blockchain is transforming digital marketing, and this phase of growth is expected to ignite thousands of businesses. At its core, one would probably wonder, between AI, […]
Following a Challenging March, What are some Fintech Highlights?
Almost every industry is feeling the impact of the current coronavirus epidemic. From retail and consumer packaged goods to entertainment, sports, travel, and recreation, each sector has a different impact and faces its own specific challenges. The companies are in a lockout amid national governments ‘curfew policies. Company strategists find the environment hard to change. […]
$2 Trillion Covid-19 Stimulus Project could Propel Bitcoin Dynamics
Following the specifics of a major coronavirus stimulus project, Congress could devote at least $350 billion to SME loans, $250 billion to unemployment insurance benefits, and $500 billion to Carter for businesses in distress. U.S. Congress senior leaders have outlined up to $250 billion in direct cash transfers a proposal previously proposed by Republicans. The […]
Are we Heading Towards a Fintech Shutdown in the Wake of Covid-19?
Faced with the coronavirus pandemic, will entrepreneurs and business executives remodel their enterprises? The world may be moving for a recession following theCovid-19 outbreak, which indicates that financial markets and consumerization are affected. In the short term, we have witnessed numbers of investors resorting to safer investments, other than digital assets. According to the Financial […]
Facebook Libra on Hold, New Competitor Cello Alliance with Similar Goals
House Democrats have given an official notice to Facebook to hold up its Libra development. A move that blown Facebook’s hopes of launching the project this May. A clasp on the Calibra the digital wallet of the libra was also indicated in the Directive. In the meantime, Congress asked the Libra Hiatus to analyze the […]
China’s Digital Renminbi in the Face of an Epidemic
The World Health Organization, on Wednesday, declared COVID-19 a global pandemic. Officially known as COVID-19, CNBC reported on March 11 that coronavirus has spread sufficiently worldwide to warrant classification as a pandemic. From Asia to the Middle East, Europe, and the United States, the virus has spread quickly to over 121,000 people. Will Covid-19 Drive […]