Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”

Mastercard Patents a Method to Manage Cryptocurrency "Fractional Reserves”Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds. Also Read: IBM Backs the Development of Latest New Stablecoin, Stronghold […]

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Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering

The Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.

EOS Makes Rapid Gains as Block.one Attracts New Investors

The crypto market has experienced a turnaround after weeks of instability that saw many of the cryptos shed billions in market capitalization. The turnaround has been attributed to a number of factors, top among them being the announcement by the world’s largest asset manager, BlackRock, that it was exploring the possibility of venturing into the […]

US House Hearing: Crypto Presents a Challenge Beyond Hard and Fast Asset Classifications

Witnesses at the a hearing before the U.S. House of Agriculture Committee today argued that digital assets require an agile regulatory approach because of their mutability

Citadel CEO Says Bitcoin Is Still a ‘Head Scratcher,’ Tells Young Generation to Stay Away

Citadel CEO said he wishes the new generation would “do something more productive” than investing in crypto, calling it useless

Is India About To Reverse Its Crypto Trade Ban?

India might drop its crypto ban by the end of the week — on July 20, the Supreme Court will review the controversial measure

Coinbase Receives Regulatory Approval to List Securities Tokens

Coinbase is one of the world’s biggest and most popular cryptocurrency trading platforms. As such, the company attracts a lot of attention. That attention forces the company to expand and offer additional trading pairs. Securities are apparently making their way to Coinbase fairly soon. Coinbase May Add Securities In the United States, there is a […]

Powerful Cryptocurrency Firms on the Road Towards Becoming Banks

Powerful Cryptocurrency Firms on the Road Towards Becoming BanksWhen bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves. […]

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CFTC Official to Congress: Don't Be 'Hasty' With Crypto Rules

LabCFTC director Daniel Gorfine advocated for thoughtful regulation of the cryptocurrency space in Congressional testimony Wednesday.

Spotlite USA Confirms Its Kodak KashMiner Venture Is Canned

There have always been concerns as to whether or not Kodak was ever interested in the cryptocurrency industry. The corporation was allegedly linked to a new Bitcoin miner, although the company issuing this hardware has confirmed that will not happen. The Kodak KashMiner will never make its way into people’s homes, which is not entirely […]

Markets Update: Cryptocurrency Valuations Gain Billions in One Day

Markets Update: Cryptocurrency Valuations Gain Billions in One DayTwo days ago, cryptocurrency bulls were attempting to break strong resistance and managed to push digital asset values to much higher price regions. The price of bitcoin core (BTC) was averaging $6,740 per BTC during the early morning trading sessions on July 17, then the digital currency spiked to $7,300 a few hours later. Then […]

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Most ICOs Retain Centralized Control, Break Whitepaper Promises, Academic Report Shows

ICO whitepaper promises apt to be broken, says new report from UPenn Law School