Joe Tsai, the Executive Vice-Chairman of Chinese conglomerate Alibaba Group, has expressed his likeness for digital currencies in a tweet in which he professed, “I like crypto.” While it is not uncommon to find traditional business leaders expressing affirmation for the developing world of cryptocurrencies, Joe’s declaration comes as a shock to the crypto world … Continue reading Alibaba Vice-Chairman Admits He Likes Crypto
Santiment believes that Bitcoin is still in a semi-bullish area, given that circulation continues to be steady. The on-chain metrics provider explained: “Bitcoin continues to circulate in the semi-bullish territory, according to our latest NVT model data. With BTC back under $50K, circulation staying steady is encouraging to see, as it implies utility is remaining … Continue reading Bitcoin Continues to Circulate in a Semi-Bullish Territory
Marathon Digital Holdings, a Nasdaq-listed bitcoin mining company whose headquarter is based in Las Vegas, announced that it ordered 78,000 Antminer S19 XP bitcoin mining machines worth $879.06 million from Bitmain. An SEC filing made in December shows that the company ordered 78,000 units of Bitmain’s Antminer S-19 XP mining machines, which are expected to … Continue reading Marathon Digital Buys 78,000 Antminer S19 XP Bitcoin Miners Worth Almost $900M
WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said. The move by Tencent comes at a time when the Chinese government plans to test its digital yuan around Olympic venues next month when the Games begin. From the perspective of Tencent, whose business strategy … Continue reading WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games
American payments giant Paypal Holdings Inc has confirmed it is working on its own digital currency, which will take the form of a stablecoin. The company shed more light on the plans after the developer Steve Moser uncovered a hidden code and images for a “PayPal Coin” in its app and shared it with Bloomberg. … Continue reading Paypal Confirms Plans to Launch its Platform Specific Stablecoin
Just at the beginning of this new year, Airbnb’s Co-Founder and Chief Executive Officer, Brain Chesky, asked his Twitter followers what they would like the company to improve on, or better put, what they would like the company to launch in 2022. According to a later post by Brian, the tweet, which comes as a request … Continue reading Crypto Payments Ranks as Top Suggestion to Airbnb, Customers Request Better Service
The digital currency ecosystem has been experiencing a bullish plunge for the better part of the year, with the global crypto market capitalization plunging well below the $2 trillion benchmarks. While the ongoing price correction is more pronounced with Bitcoin (BTC), Ethereum (ETH), and the altcoins in the top 10 of crypto rankings, the entire … Continue reading Top 3 Coins to Watch this Week: BTC, LUNA, and MANA
As a change of tune, the International Monetary Fund (IMF) alludes to how crypto-assets like Bitcoin (BTC) have transformed from an obscure asset class to an integral part of the digital asset revolution. In a statement, the IMF noted that cryptocurrencies are a notable part of the financial system because they are no longer on … Continue reading Crypto Price Shows Stronger Interconnectedness with Stock Market amid COVID-19: IMF
As talks about the release of a digital pound by 2025 are yet to happen, British members of parliament are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. In order to fight private sectors from gaining total domination over digital payments and the fall of cash … Continue reading British Lawmakers Sense Risks Over Use of Digital Pound
North Korean hacks on the cryptocurrency platforms jumped from four to seven extracting nearly $400 million worth of digital assets over the last year, blockchain analysis firm Chainalysis said in a new report. “From 2020 to 2021, the number of North Korean-linked hacks jumped to seven times from four, and the value extracted from these … Continue reading N.Korea's Crypto Hacks Up by least 7 times in 2021, Nearly $400M Stolen: Chainalysis