Education & News
On Wednesday, Mastercard announced the launch of its “proprietary virtual testing environment” for central banks to test digital currencies. The platform promises to assist central banks in evaluating use cases of their central bank digital currencies (CBDC). Mastercard Develops Digital Currency Ecosystem Each central bank will be able to customize
Bitcoin
In yesterday’s episode of “Joe Rogan Experience” (JRE), podcast kings Adam Curry and Joe Rogan engaged in a lengthy discussion about Bitcoin and the digital dollar. Bitcoin and the Digital Dollar In one of his first podcast episodes on the Spotify platform, Rogan asks “the podfather”, Curry why we
Bitcoin
Data reveals that N36 trillion is kept in banks and low yielding assets by Nigerians. Despite an increase in Nigeria’s inflation rate that rose to 12.82%, deposit rates, fixed deposit rates, and risk-free rates such as treasury bills have been driven to 6% per annum. Nigerians Keep N36
Education & News
Ethereum software technology company, ConsenSys has acquired Quorum, the blockchain baby of the investment bank, J.P. Morgan. The acquisition of the bank’s open source project, Quorum was revealed on 25 August 2020. ConsenSys' Strategic Investment with Quorum ConsenSys is now maintaining J.P. Morgan’s open-source blockchain
Bitcoin
A report by Chainalysis reveals that over $50 billion in cryptocurrency has been transferred from wallets in China to other parts of the world over the last year. The transfers out of China may be caused by Chinese citizens using cryptocurrency to transfer their money out of the nation where
Education & News
MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion has invested in Bitcoin as its primary reserve asset. CNN reveals that the company, owned in-part by BlackRock, purchased 21,454 Bitcoin worth $250 million. CNN on BlackRock's 15.24% Stake in Bitcoin According to data provided by
Education & News
Layer1, a Bitcoin mining firm funded in-part by PayPal co-founder Peter Thiel has been accused of copyright infringement. A lawsuit was filed against Bitcoin(BTC) mining firm Layer1 for patent infringement. Mining Company of Paypal Founder Faces Legal Hurdle A complaint filed on August 14 suggests that the power usage
Bitcoin
Perfect Money is a financial service that proposes to offer fast and anonymous payments on the internet. It gained popularity among internet users and in some cases, was mistaken for Bitcoin, a cryptocurrency based on decentralized technology. While Perfect Money and Bitcoin may seem similar in some ways, there are
Education & News
Smiles are everywhere as the Bitcoin future volume rises to $40 billion, the highest since March. Data revealed by Skew analytics shows that aggregate open interest across the Bitcoin futures markets is broaching $5 billion. Interest in Bitcoin Future Rises Open interest is used to give an indication of all
Education & News
One of the largest Bitcoin whales recently made a transfer of BTC worth $166,137,553.10, emptying one of the richest cryptocurrency wallets to ever exist. The anonymous whale was able to transfer 15,022 BTC. Bitcoin Whale Transfers Over $150 Million in Bitcoin A whale alert Twitter account
Education & News
Daily mining profits made from Ethereum have risen dramatically, outpacing the increase (40%) in the price of Ethereum (ETH) over the same period. Meanwhile, Santander Bank has managed to make half a billion dollars in cross-border payments through its Ripple-based system. Ethereum Miners Strike Gold With Mining Profits Ethereum miners
Education & News
Gold investors had a lot to smile about as the metal’s price continued to climb, reaching a new record. The move was spurred partly by worries over the coronavirus pandemic and US-China tensions. Despite its recent spike in price, it failed to beat Bitcoin which has been able to