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Blockchain-based payment systems will not replace credit cards and other mainstream payment methods, at least not within a decade. This is mainly because they are too slow for day-to-day payments, with a Bitcoin transaction currently taking the better part of an hour. This is according to Claire Hughes Johnson, the COO of popular payment processor … Read more
Anyone who was hoping for a strong cryptocurrency market recovery over the weekend will be sorely disappointed. Things are not heading in a positive direction, and it seems Bitcoin will drag altcoins with it in the coming hours. The Dash price is losing a lot of value in quick succession right now, both in USD … Read more
In The Daily on Saturday, crypto exchange Coinbase has formed a political action committee to raise funds for US elections. Also, Ernst & Young has announced the acquisition of crypto technology and patents, and Indonesian crypto POS terminal maker Pundi X is looking to expand in South Korea with a new partnership. Also read: Minsk … Read more
It was to be expected this weekend would be relatively interesting for all cryptocurrency markets. Even though the momentum is not overly positive, there is no outspoken bearish trend either. With Bitcoin losing a bit of ground, it seems most altcoins are keeping losses to a minimum. The Ethereum price may very well be the … Read more
A growing number of big-name insurers are getting into the crypto space. They are exploring new product options in this area and meeting with cryptocurrency custodians and trading platforms about coverage. However, exclusions can add up fast for crypto businesses and premiums can be more than five times that of a normal business. Also read: Yahoo! … Read more
Ukraine has taken a positive step towards legalizing cryptocurrencies. A new regulatory concept, one that recognizes coins and tokens as financial instruments, has won support from the members of the country’s Financial Stability Council. The body includes representatives of the National Bank, the Finance Ministry and other government agencies. Also read: Minsk Mulls Rules for … Read more
Cryptography inspires all types of people to create. One such creator is Eric Anderson, the founder of a decentralized privacy platform called Promether. He and his team are currently building a secure messaging system called Contact to run on top of this platform. Eric, known as “Eijah” in the hacker community, left his role as … Read more
Bitcoin has no intrinsic value, and those who invest in it only do so in the belief that they’ll find a greater fool who’ll buy it at a higher price. This is according to billionaire investor Howard Marks who in a recent interview tore into Bitcoin, stating that it does not have any substance. His … Read more
India’s Supreme Court heard the petitions against the crypto banking ban by the Reserve Bank of India (RBI) today. After hearing some arguments from both sides, the court decided to set another hearing date, allowing some of the regulators involved to respond to the petitions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme … Read more
Wednesday’s US House Committee hearing on financial services and Bitcoin was not exactly successful. In fact, it was another example of how biased some politicians are when it comes to new forms of money. US Representative Brad Sherman is getting a lot of heat for his comments, but it seems there’s a good reason for … Read more