Fidelity’s Global Macro Head Compares Bitcoin with Gold

Fidelity’s Global Macro Head Compares Bitcoin with Gold

Jurrien Timmer has compared the potential of investing in Bitcoin to Gold, indicating the changing tone and scenario in the Fidelity Investments about cryptocurrencies. In a research note written to the investors, Timmer compared Bitcoin as a tool that can provide a hedge against inflation while comparing its value to the Digital Gold. Timmer also

Finoa Announces Partnership With Mina Protocol

Finoa Announces Partnership With Mina Protocol

As a part of a strategic deal, Finoa has announced Mina Protocol as its preferred institutional custodian. Mina Protocol is a first-of-its-kind cryptocurrency powered by the lightest blockchain available, enabling scalability, security, and decentralization. At the same time, Finoa is a market leader providing digital assets to its institutional investors through a secured and seamless

Binance Labs Led Plasm Network’s $2.4 Million Funding Round

Binance Labs Led Plasm Network’s $2.4 Million Funding Round

Plasm Network raised $2.4 million through the Series A funding round led by the Binance Labs. The network is a well-known player in the segment of smart contracts with a significant presence on the Polkadot platform. It offers a scalable and interoperable infrastructure that helps organizations access layer2 services such as Zk Rollups and Optimism

Digihost Mined a Whopping 33.7 Bitcoins in January 2021

Digihost mined a whopping 33.7 bitcoins

Digihost Technology Inc., a blockchain company focused on mining and hosting services, made headlines as it was declared to have minted as many as 33.7 bitcoins in January. With these 33.7 bitcoins that were mined last month, the company now stands strong with a total of 183.7 bitcoins to date.  According to media reports, Digihost

XLM as Long Term Investment: Will We See Interstellar Rally in Future?

XLM as Long Term Investment

Stellar is a full-stack cryptocurrency and digital payments platform, founded in the year 2015 by Mt. Gox with an aim to bring the global financial system under one roof enabled by the power of blockchain technology. Put simply. Users can trade, hold and sell a cryptocurrency, trade forex or securities, and make payments of any

Spain’s BBVA Bank to Launch Crypto Services in Europe

Spain’s BBVA Bank to Launch Crypto Services in Europe

The second-largest Bank of Spain – the Banco Bilbao Vizcaya Argentaria, S.A. (a. k. a BBVA) is primed and decisive to enter the Crypto Services arena such as cryptocurrency trading as well as custody. As per the sources and declaration, this Spanish bank is planning to start its Europe-wide crypto initiative from Switzerland; thus, it

Washington D.C. Financial Services Law Considers Bitcoin as ‘Money’

Law Considers Bitcoin as ‘Money’

On July 24th, 2020, a U.S. federal court of Washington D.C. added the Bitcoin cryptocurrency under the Money Transmitters Act. With this move, Bitcoin becomes the first virtual currency in the U.S. to be deemed as ‘money’ under the U.S. Federal Financial Regulations. This development is a consequence of declining the dismissal of criminal charges

Twitter Hackers Leave Digital Footprints with Historic Bitcoin Scam

Hackers Leave Digital Footprints in Historic Bitcoin Scam of Twitter

Hackers, who scammed over 400 payments in Bitcoin, valued at $121,000 by hijacking verified Twitter accounts, have possibly left behind a trail of digital footprints that law enforcement agencies and investigators could follow to track them down. Though Bitcoin allows users to hide their personal identity, the Bitcoin transactions are recorded on the blockchain, making

Crypto Scammers Stole About $24M Worth of BTC in 2020

Crypto Scammers Gain $24M worth BTC in 6 Months of 2020

Scammers seem to be making fortunes out of stolen cryptocurrencies, even by using legitimate channels such as social media, as online transactions are on the rise but were supposed to enable secure digital payments and purchases. Despite new technologies such as the blockchain, fraudsters seem to be stealing more information about people, combining old and

Cryptocurrency Firm’s CEO Declared Bankrupt After $13M Bitcoin Scam

Bankrupt After $13M Bitcoin Scam

The Gauteng Division of the High Court of South Africa has declared Willie Breedt, CEO of VaultAge Solutions, bankrupt. Breedt, who traded Bitcoin and cryptocurrencies, allegedly defrauded an estimated 2,000 investors of $13.35 million (227 million South African rands). Now, with the court’s decision, these investors are set to lose their stakes in the company.