Monthly Archives: August 2018

Payment Platform Square Sees $37 Million in Revenue From Bitcoin Integration

Bitcoin (BTC)–Despite the growing perception that cryptocurrency offers little value to digital payment platforms, Square has published figures that show a gain in revenue valued in tens of millions of dollars for the second quarter of the year. Square, Inc., the brainchild of Twitter founder Jack Dorsey, has been a positive driving force for cryptocurrency via the integration of Bitcoin dating back to last year. In November 2017, the payment application worth $16 billion began implementing BTC for buys, sells and storage, giving the king of cryptocurrency […]

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TRON (TRX) Price Slipping Despite TVM and BitTorrent Addition

TRON (TRX)–As the cryptocurrency markets continue to shed billions of dollars, TRON is the latest coin to suffer from a decrease in value despite positive development for the project. TRON Combining Cryptocurrency and Torrenting Last week, the TRON Foundation dropped a bombshell of an announcement that the cryptocurrency would be partnering with one of the world’s most popular torrenting services: BitTorrent. While the news was anticipated ahead of the official confirmation, considering Justin Sun has been tied to the purchase of the peer-to-peer file sharing service since […]

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Ripple’s XRP Community Confusion with the Firm Actually Working for the Good

The San Francisco based blockchain tech related giant  – Ripple Labs has initiated, this year, a process of differentiation from its blockchain token XRP. This comes due the confusion by the crypto-verse between the two as in many headlines, google searches, article and so on, enthusiasts speak of the two in the same manner as if they were the same. Ripple – XRP Both, the company and the token have hoisted each others fame via the marketing they did/caused. Of course, a big part of Ripple Labs’ success has […]

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Bidali now allows you to buy gift cards from over 100 top brands with Ethereum

Calgary, AB, Canada: After 6 months of stealth mode, today Bidali announced the launch of Bidali Gift Cards, a quick and easy way to spend cryptocurrency at over 120 top brands like Uber, Apple, Walmart, Best Buy, Microsoft, Amazon and Nike from all over North America. Powered by their soon-to-be-released crypto payments platform, Bidali currently supports payment with Ethereum and is compatible with the most popular wallets, including the Metamask browser extension. “Our mission at Bidali is to build high quality tools for developers, and products for […]

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SBI Plans Derivatives Platform, Huobi Eyes 30% Korean Market, Thai Four-Crypto ATM Unveiled

Japan’s SBI Group is reportedly planning to create a crypto derivatives platform. In South Korea, Huobi is taking an aggressive approach and expects to achieve a 30% crypto market share. Meanwhile, a Thai crypto exchange has unveiled an ATM that supports four cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SBI Plans Derivatives Platform SBI Crypto Investment, a subsidiary of Japanese financial services group SBI Holdings, has acquired a 12% stake in North Carolina-based Clear Markets, Nikkei reported Tuesday. While the acquisition price was not […]

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Tickets Now On Sale for San Francisco’s First ‘Blockchain Music Festival’

Tickets for the first music festival set to be powered by blockchain technology are now on sale. Scheduled for this fall, the Our Music Festival is launching its own virtual currency — the OMF token — at its inaugural event in San Francisco’s Civic Center Plaza. It will be the first musical entertainment experience to process booking fees on a live blockchain application. The festival plans to develop on the ethereum network and hopes the event will appeal to the city’s tech crowd. Pre-sale tickets start at […]

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Bitcoin Staves Off Drop Under $7,500, Investors Remain Bullish

Bitcoin saw a breathtaking run-up over the past few weeks, with the price of the asset rebounding off lows at $5,800 to a yearly high of $8,500 last week. Many attributed this most recent recovery to a series of positive technicals and fundamental indicators, such as the influx of institutional money, along with a resurgence in retail volume and adoption. This quick reversal resulted in a sentiment shift within the industry, with many crypto experts and analysts beginning to believe that the Bitcoin bottom is in, and […]

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Financial Services Firm Opens Doors to Crypto Hedge Funds

The crypto industry has received another boost with the entry of financial services giant Northern Trust in a quiet but significant move. The firm, which manages over $10.7 trillion in assets, has added blockchain features into its private equity workflow, while extending its administration services to a select group of hedge funds betting on digital assets. Institutional Entry at Long Last? For months, the cryptocurrency market has waited for the expected entry of institutional finance, an event which is expected to herald its coming-of-age as a bona […]

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The Bitcoin Cash Network Processed 687,000 Transactions on August 1st

Over the last day, BCH proponents have been celebrating the ‘Bitcoin Cash Independence Day’ which marks the anniversary of the August 1 blockchain split that took place a year ago. During festivities, the BCH community sent a ton of transactions over the course of the day and on August 1, 2018, the Bitcoin Cash network processed 687,000 on-chain transactions. The metric outpaced Bitcoin Core’s (BTC) daily transaction record by over 200,000 transactions showing the world some of the benefits of a chain that utilizes larger blocks. Also […]

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Decentralized Bitcoin Exchange Hodl Hodl to Launch OTC Desk for Large Traders

Thursday, August 2, popular P2P cryptocurrency exchange Hodl Hodl announced a new business line aimed at large OTC trades. The exchange says the decision to launch new services was taken “after multiple requests from institutional brokers and large volume traders.” Introducing Hodl Hodl’s OTC roadmap: https://t.co/onP6S0g6Ty pic.twitter.com/kfbOO2UHDw — Hodl Hodl (@hodlhodl) 2 August 2018 “We recently launched “private offers” — a new feature for OTC traders — and after multiple requests from institutional brokers and large volume traders, we have concluded that there is a huge demand for non-custodial escrow services […]

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