Bank of Russia Mortgage Issuance May Soon Adopt Blockchain Technology
Blockchain technology is widely praised for its security and redundancy features. Because of this, the technology is used by many critical infrastructures like banking. Recently, the Bank of Russia is considering adopting the technology to secure its mortgage issuance system. The Russian central bank is planning to move all of its mortgage records into Masterchain, […]
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Samsung Expands Bitcoin Support on its Smartphones
Samsung is expanding its cryptocurrency operations. The South Korean tech giant recently announced that it is integrating support for cryptocurrencies like bitcoin into its smartphones. Samsung confirms that it has struck a partnership deal with cryptocurrency exchange firm Gemini. The partnership will integrate Gemini technologies into Samsung’s smartphone lineup which will allow users to easily […]
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India Central Bank Clears Confusion Over Banking With Cryptocurrencies
India’s central bank recently clear the confusion with regards to banking with cryptocurrencies. The central bank confirms that commercial banks can provide banking services to companies and traders who are dealing with various cryptocurrencies. The Reserve Bank of India confirms on Friday that there are no regulation that prohibits commercial banks in doing business with […]
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Coinbase Acquires Trading Firm Tagomi in Effort to Boost Trading Division
Coinbase recently announced that it is acquiring Tagomi, a trading platform that specializes on cryptocurrency. This is part of Coinbase’s effort to further boost its cryptocurrency trading platform. People with insider information about the deal claim that Coinbase is paying between $75 to 100 million to acquire Tagomi. The crypto trading platform was founded just […]
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Tencent Eyes Blockchain Technology With $70 Billion Investment
Chinese tech giant Tencent recently confirms that it is planning to invest $70 billion in technology companies. This massive investment will also include blockchain technology, and possibly its own digital currency. Tencent says that the company is looking to invest into “new infrastructure.” The company is well-known for developing the popular messaging platform WeChat. While […]
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Facebook Renames Blockchain To Avoid Confusion With Libra
Social networking giant Facebook recently confirms that it is renaming its blockchain division. Originally named Calibra, the division’s name creates confusion with Libra, a digital currency Libra. The new name of the division is Novi. Facebook’s head of blockchain division David Marcus said that there is a lot of confusion with regards to Libra and […]
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Teen faces $71 million lawsuit over cryptocurrency heist
Ellis Pinsky is facing a lawsuit worth $71.4 million. According to the lawsuit, he allegedly stole millions of dollars’ worth of cryptocurrency. Apparently, the heist took place in January 2018 when a group of hackers from the United States and parts of Europe scam their way into $23.8 million worth of cryptocurrency. Their victim is […]
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Bitcoin Price Drops to Two-Week Low as Small Investors Seek Exposure
Bitcoin prices are once again taking a dive after a recent dip. Based on recent market reports, the cryptocurrency recently dropped to its lowest price in the last two weeks. Bitcoin prices drop by as much as 9.8% last week. This is the cryptocurrency’s biggest weekly price drop since the second week of March. The […]
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Bitcoin Uncertainty at Record High as Investors Fear Market Crash
Investors are fearing that the current coronavirus pandemic might send the market tumbling down. As a result, bitcoin and other cryptocurrencies are facing a record high uncertainty about their current status as viable products. Recently, many market analysts have noted that bitcoin prices are going unusually erratic. Some have pointed out that these drastic deviations […]
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Cryptocurrency Exchange Plans Extension in Africa
Naspers Ltd. is a company of global internet group. The said global internet group is one of the major technology investors in the world. Naspers Ltd. backs Luno. Luno is a cryptocurrency platform that deals with Bitcoin, Ethereum, XRP and Litcoin. African Expansion of Luno Luno is in talks of expanding in Kenya and Ghana […]
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