The highest court in India this week upheld the reserve bank’s decree prohibiting the country’s banks and other regulated lenders from dealing with or supporting any cryptocurrency-related services, including allowing customers to buy crypto with credit cards. In April, the Reserve Bank of India gave banks three months to cease any activity with cryptocurrencies. The…
The total market cap for all cryptocurrencies and assets currently stands at ~US$250 billion, unchanged since the beginning of the quarter. The total market cap peaked at the start of this year, at around US$800 billion, followed by a 3 month decline. The total market cap then rebounded from April to May, before giving up…
Today kicked off the quarterfinals of the Crypto World Cup and boy was the competition fierce! Many big names have already been eliminated, but who will be next? Let’s find out! Today’s competitors: Brad Garlinghouse vs. Charles Hoskinson & Cameron Winklevoss vs. Satoshi Nakamoto Check out the eight finalists that made it to the Quarterfinals!…
To seamlessly determine the tradable value of any ICO token is no doubt a big part of what makes you a smart crypto investor. In the last little while, it’s no longer news that Initial Coin Offerings (ICOs) have made some impressive progress on crowdfunding, and have been used to successfully raise over a billion…
Huobi launches US exchange HBUS: Cryptocurrency exchange HBUS has officially opened for business in the US. Linked with the world’s fourth-largest crypto exchange Huobi, HBUS will signal a foothold in another major global market for Huobi. HBUS is a “strategic partner” of Singapore-based enterprise and will not formally operate under the Huobi brand. CEO of…
Director of engineering blockchain: Facebook has appointed one of its senior engineers Evan Cheng as its first “director of engineering blockchain”. The new position was confirmed by Facebook on Tuesday and signals the companies seriousness about the technology. Cheng has previously been responsible for heading up Programming Languages & Runtimes at Facebook. Prior to that,…
Winklevoss twins hire NYSE executive: The Winklevoss twins have turned to an executive from the New York Stock Exchange, hiring Mr. Robert Cornish to oversee Gemini’s use of Smarts. Gemini, the Winklevoss’ crypto exchange, has been in action since 2015, and adding Cornish to its team marks another instance of how crypto exchanges are looking to…
The cryptocurrency market surged towards the second-half of the week but will most likely end Friday in the red. At press time, the total cryptocurrency market is trading just below the $270 billion mark. Some of the coins with movement today include Stellar (XLM), Cardano (ADA), and Tron (TRX). Let’s take a look at these…
Venezuela Petro cryptocurrency: Lldemaro Villarroel, the Venezuelan Minister of Habitat and Housing, just announced that the Venezuelan government is planning on using the national cryptocurrency Petro to house the homeless, Criptotendencia reported yesterday. The project will be called ‘Great Mission for Venezuela Housing‘ (GMVV) and the Venezuelan government will be fully funding it. GMVV aims…
Cardano (ADA) is a smart contract and Dapp hosting platform that offers blockchain solutions comparable to platforms like Ethereum, EOS and NEO. It has, and is being built, with security, scalability and layered architecture in mind. On the back of announcements about key updates to its product roadmap and founder Charles Hoskinson promoting the network at…
