Category: Cryptocurrency

PayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with CNBC, PayPal CEO Dan Schulman said the pandemic has accelerated the shift to digital forms of payments. PayPal wants to be at the forefront of the ongoing digital transformation. Schulman said the “use of cash has declined precipitously” amid the pandemic, adding that “40 to 70% of consumers no longer want to handle cash.” PayPal is not just making it…

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The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Huawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan. This will be the first smartphone to feature such a wallet, according to an official Huawei post on Chinese microblogging website Weibo on Oct. 30. The post also promises that users will be able to control and protect their anonymity and perform dual offline transactions. These enable mobile phone users to…

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The average fee for transactions on Ethereum has reached its second-highest level ever, after setting the record earlier this month. Ethereum fees remain at historically elevated levels, as miners scramble to add capacity and profit from record-breaking network activity levels. Average transaction fees on the Ethereum network have more than doubled since last week, rising to $11.61 on September 17 and maintaining a streak of prices above $2 that’s now lasted for more than a month, far longer than any previous stretch at those levels. The Ethereum blockchain hash rate—the amount…

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MicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.” The move is a novel one for a publicly traded firm. While many companies put surplus capital into bonds and other investments as part of their treasury management strategies, a bet of this size on Bitcoin is all but unheard of. “[I]nvesting in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher…

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The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The article further states that the research team is set to release its findings in the coming month. The committee, which was formed earlier this year, started its research on the policy implications and potential feasibility…

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Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35). The tokens, known as Barça Fan Tokens, were bought by the club’s supporters either through the club’s own “Socios” voting platform or through Chillz, a sports-specific token platform and exchange. The team is, in part, managed by its socios. Total trading volumes for Barcelona’s BAR…

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John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions. McAfee clarified on social media that Ghost will replace the McAfeeDEX distributed exchange. The Ghost main net itself is expected to go live on June 22. Ghost has been the subject of contention for months especially after McAfee himself admitted Ghost “copy-pasted” parts of its white paper from PIVX. Even…

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Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the…

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Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets. Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans. Today, the company revealed the next step in its plan to entrench the Atari Token within the gaming ecosystem, announcing a partnership with Arkane Network to implement the token within its blockchain app development…

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March, April, and May were big months for Bitcoin–after a cliff-dive in the price of Bitcoin on March 12th, Bitcoin has slowly and steadily recovered to nearly $10,000, where it was before the coronavirus pandemic slammed into the global economy. Much of the price rally is attributed to the halving that occurred last week. However, there’s another big change that has taken place on the Bitcoin network over the past month: CoinTelegraph reported that from April 11th to May 14th, the average cost of Bitcoin network transaction fees increased by…

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Bitcoin halving, the largest event in the cryptocurrency calendar, failed to trigger any significant impact on its price. Bitcoin halving takes place every four years, which reduces the rate at which new coins are created, to control inflation. According to Bitcoin’s code, written by its pseudonymous creator Satoshi Nakamoto, rewards to miners will continue to halve every 210,000 blocks on the BTC chain. Beating predictions, Bitcoin’s price volatility declined since Monday. There were mixed predictions regarding bitcoin halving’s impact on its price. While a section of experts said that the…

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