Bitcoin recently experienced a significant drop in value when over the course of this last week. Its value dropped from a stable $9,000 to $5,000 in a matter of days. At the same time, on the stock market, many companies and indexes also lost value. Most notably, the S&P 500 …
Read More »Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants
Binance and WazirX, a subsidiary the world-renown exchange acquired last year will create a $50M USD fund called “Blockchain for India” according to the announcement on Binance’s website. Following the fact that the Indian Supreme Court Lifted the Central Bank’s Cryptocurrency Ban, this step from Binance is one business savvy …
Read More »BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency
The BMW Group has increased its capacities for utilizing blockchain technology to provide its staff with the tools they need to create high-quality vehicles. According to the press release, BMW has faced great difficulty when tracking specific parts that need to be changed or simply weren’t of sufficient quality. Finding …
Read More »Digital Euro on the horizon? Central Bank of France to experiment with crypto for interbank settlements
The Central Bank of France wants to experiment with digital asset technology to improve interbanking abilities, according to this “Call to Apply” document that came out last Monday, on March 30th. The document lists all of the desires and goals that the bank has with cryptocurrency. At the moment, they …
Read More »Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report
Canaan Creative, the manufacturers of the Avalon Bitcoin miner series have published their first earnings report since the company’s public stocks sale in the USA, on Thursday, April 9th, as initially reported by Coindesk. During it’s IPO in November 2019, the company raised $90M USD selling 10,000,000 stocks for $9 …
Read More »Kraken Acquires Marco Santori Leaving Blockchain High and Dry
Marco Santori, former President and Chief Legal Officer of Blockchain.com, joined Kraken as their new Chief Legal Officer on the 6th of April, according to a blog post on the official Kraken website. Marco Santori is known for his work in litigating, advising, and creating new laws in the crypto …
Read More »Blockchain-powered organ drone delivery | Crypto-News.net
Thumbnail Photo by Karl Greif from Karl Greif Video www.karlgreifvideo.com According to The U.S. Department of Transportation (U.S. DOT), blockchain can be used to streamline drone deliveries of essential and important items, such as organs. The institution published an information-exchange document on 15th of April 2020, to communicate their findings and …
Read More »Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on
BTC saw an unusual spike in activity yesterday, April 29th. In the past, 24 hours Bitcoin has risen up by 18.66%, the mempool was briefly overloaded, and some exchanges were barely keeping up with the activity. Let’s start with the price. But before that, I just want to let you …
Read More »Kraken makes exchange better for U.K. traders and BCH community
Photo by Philip Veater Kraken added support for 11 new trade pairs on their cryptocurrency exchange on the 30th of April, according to a press release published by the exchange. This new update increases the total crypto trading pairs to about 155, bringing Kraken closer to becoming a centerpiece in …
Read More »Top 3 Bitcoin mining news stories today
Image by 3D Animation Production Company from Pixabay We don’t often break news, as compared to the rest of the news community we are a small website. However, we do our best to provide you with the latest news, regardless of where the information comes from. We believe in giving …
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