Bitcoin Dominance Drops Near 50% – Boom on the Way?

Bitcoin Dominance Drops Near 50% – Boom on the Way?

TweetShareThere’s a buzz in the cryptosphere today. Bitcoin dominance hasn’t been this low since last August. Google trends show that interest in Bitcoin hasn’t been this low since last April. Are we in the quiet before the storm or status quo?Dominance is hovering just above 50%. A result of “alt season,” money rapidly flowing into…

Dow Deletes 200 Points Despite Strong Fundamentals: What’s Causing It?

Dow Deletes 200 Points Despite Strong Fundamentals: What’s Causing It?

TweetShareWithin two hours since opening, the Dow Jones has fallen from 25,854 to 25,599 by 250 points in a steep short-term drop.1-Day Price Chart of Dow Jones Industrial Average (Source: Yahoo Finance)Backed by strong fundamentals, noticeable progress in the U.S.-China trade talks, and the Federal Reserve’s decision to retain its benchmark interest rate unchanged, the…

Western Union Makes Key Partnership To Deliver Money To Mobile Wallets

Western Union Makes Key Partnership To Deliver Money To Mobile Wallets

TweetShareWestern Union is pushing further into the crypto world, teaming up with a cross-border payments network so its customers can take advantage of mobile wallets.The network is Thunes, and through it, Western Union customers can send funds directly into a recipient’s mobile wallet. All they need to do is go online or visit one of…

Agustin Carstens: Banks Should Not Issue Digital Currencies

Agustin Carstens: Banks Should Not Issue Digital Currencies

TweetShareShould banks design their own cryptocurrencies? According to Agustin Carstens, general manager of the Bank for International Settlements, the answer is a definitive “no.”Crypto Isn’t Cool?Carstens has never been a fan of crypto, having likening bitcoin to a “bubble,” a “Ponzi scheme” and an “environmental disaster” in the past. At a speech in Dublin, Carstens…

The Criminal Past of Quadriga’s Co-Founder Has Been Revealed

The Criminal Past of Quadriga’s Co-Founder Has Been Revealed

TweetShareThe mystery surrounding the disappearance of $190 million in crypto from Canadian exchange Quadriga deepened as it was revealed the surviving founder is a reported ex-con who served 18 months in a federal U.S. prison for identity theft, bank fraud and credit card fraud.Michael Patryn, who founded Quadriga with Gerald Cotten, has been revealed as…

Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero

Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero

TweetShareVisa Inc. is seeking a full-time technical product manager in Palo Alto, California. In a job posting to SmartRecruiters, the global card giant said it is looking for someone who is “passionate about the intersection of payments and cryptocurrency,” and “deeply familiar with permissionless blockchain technology.”With the additional job requirement of “a close network of…

IBM Crypto Chief Calls Company the “Leader” in Blockchain Technology

IBM Crypto Chief Calls Company the “Leader” in Blockchain Technology

TweetShareIBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology.In a recent interview, Lund stated:What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system.IBM And Stellar Partnership Challenge xRapidLund talks about IBM’s cross-border payments solution, which…

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

TweetShareSBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry.In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to…