In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…
In a statement, Mexican billionaire Ricardo Salinas Pliego said, his banking business may begin using bitcoin, becoming the country’s first bank to start accepting the digital currency. Salinas, who is ranked as Mexico’s third richest man with a family fortune estimated at $15.8 billion by Forbes, is the owner of the large Banco Azteca banking…
In a statement, Elon Musk’s SpaceX said, it will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, and accept meme inspired cryptocurrency dogecoin as payment. “SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space”,…
On Monday, cryptocurrency Ethereum hit a record high of $3,017 extending last week’s rally which came in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network. The price of Ether rose by 2% on the Bitstamp exchange to hit this milestone. It…
In a significant development sees cryptocurrencies increasingly gaining traction, on Monday the Bank of Japan (BOJ) has started feasibility study of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. In a statement the BOJ said, during the…
On Wednesday, the world’s most popular cryptocurrency, touched its zenith of $35,000 for the very first time extending a rally that has seen the digital currency surge by more than 800% since mid-March. Bitcoin touched a high of $35,879 on Wednesday. On December 16, it had breached the $20,000 threshold for the first time.
In a significant development, Bitcoin extended its bull run smashing its previous record and surging over $30,000 for the very first time; investors and traders are betting that the digital currency is on its way to becoming a mainstream payment method. On Saturday, Bitcoin, the world’s most popular cryptocurrency traded as high as $33,099 with…
Despite facing intense scrutiny from global regulators, Facebook’s Libra project saw Singapore state investor Temasek Holdings joining the cryptocurrency project. Financial regulators are worried that the Libra project when launched could erode national control over money. Late on Thursday, Switzerland-based Libra Association, which manages the Facebook-backed digital currency project, announced Temasek entry into the project.…
In a statement, Facebook’s Libra Association said, Britain’s Vodafone Group PLC has left its global digital currency initiative. In recent months, Facebook’s digital currency has seen an exodus of its backers midst increased regulatory scrutiny, including financial companies such as Mastercard Inc and Paypal Holdings Inc. In June 2019, Facebook had announced a plan to…
China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…
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