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With all cryptocurrencies lowly heading in the red again, it is evident today will not end on a high note. The Stellar price is setting the tone in this regard, as it has lost a fair bit of value in quick succession. For the time being it remains unclear how long this negative trend will … Read more
Barely a day after announcing that it would be accepting cryptocurrencies as donations, Freedom of the Press Foundation (FPF) has received 1,000 ETH in its first-ever crypto donation. The donation was made by decentralized communications network Mainframe and is worth $530,000 at current market rates. Mainframe stated in a blog post that the decision to donate … Read more
One of the most fervent and bullish ICO promoters has announced that he’ll no longer work with ICOs. John McAfee, the renowned computer programmer and businessman behind the McAfee security software company, made the announcement via Twitter. McAfee has been a vocal supporter of cryptocurrencies and ICOs, having predicted that Bitcoin would hit $1 million … Read more
Cryptocurrencies come with poor efficiency and consume too much energy. They also lack the ability to scale and meet demand, and are too volatile for retail use. These are just a few of the reasons given in a new report as to why cryptos are “a poor substitute for the solid institutional backing of money.” … Read more
Every day is exciting in the world of cryptocurrency. Although that excitement is sometimes difficult to justify, any market trend is worth keeping tabs on. Today, there is no action going on to take note of, albeit a lot of people wonder when the Bitcoin Cash price will return to $900 once again. Bitcoin Cash … Read more
Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking. Also read: Bitcoin More Influential … Read more
While most financial institutions have continued to be proponents of the ‘blockchain is good, cryptos are bad’ narrative, two of Russia’s largest banks are piloting a new cryptocurrency program for their clients. The two, Sberbank and Alfa-Bank, will offer their clients shares in a special new fund that will list six cryptocurrencies initially. The platforms … Read more
Despite skepticism from cryptocurrency traders and Ethereum users, decentralized digital asset exchanges are experiencing a rapid growth rate in terms of volume, led by IDEX, the most widely utilized decentralized application (DApp) on the Ethereum protocol. IDEX Overtakes CryptoKitties Throughout the past eight months, CryptoKitties, the Ethereum-based digital collectibles platform that enables users to purchase, … Read more
Despite having announced an ICO and a potential transformation into a decentralized ledger, ASKfm felt there still wasn’t enough attention on it, which could potentially hurt its chances of hitting its fundraising targets. It therefore embarked on a particularly daring publicity stunt. The Q&A social media platform sponsored four Ukrainian climbers who would climb the … Read more
On June 19, Norwegian authorities, engineers, and scientists led by Transport Minister Ketil Solvik-Olsen and Avinor CEO Dag Falk-Petersen successfully tested a one-man plane run 100 percent by electricity. Commercial Electric Aircraft in Seven Years Avinor is a state-financed organization that oversees the operations of most of Norway’s airports, including Oslo Airport, its main international … Read more
