In their move to ease asset exchange for their traders, Revolut, a fintech corporation based in London, has proposed a joint venture with Fireblocks, a security exchange firm.
On Thursday, 8th Jack Dorsey the CEO square and the Chairperson Twitter made a press release to inform Square stakeholder of a $50 million investment translating to 1% of the company’s total asset.
South Korean tech giant – Samsung has signed an agreement with Singapore-based software company – Uppsala for the integration of Anti-Money Laundering (AML) features to the Samsung Blockchain Wallet.
A 54-year-old man was found guilty of stabbing his brother nine-times after suspecting him of stealing
Victims of the infamous Japanese bitcoin exchange hack in 2013, can now experience a tinge of hope, as Russian law firm ZP Legal, make a proposition on how they could facilitate the recovery of part of the lost bitcoins. An amount worth 200,000 BTC could be recovered, which is equivalent to the current $2 billion
Crypto for Congress, an educational initiative launched on October 5, has sent campaign contributions in Bitcoin (BTC) to all 535 congress members. Each member received a contribution of $50 in BTC to their campaign for the upcoming November 3rd elections.
The two groups, that is Nexi and SIA, have been the chief rivals over time within the Italian economy. However, this time they made a bold move to bury the hatchet and jointly meet their goals. The two companies have had similar visions all along, this time it wasn’t all about the thrill of beating each other, but by joining forces to reach the international threshold.
After falling under $10,450 on October 2, Bitcoin’s (BTC) price has recovered over the weekend reaching above $10,700 by Tuesday, October 6. Various factors could affect BTC’s price action this week and we look at some of those here:
The interim executive director of FCA, Sheldon Mills, made a speech regarding the ban of crypto-derivatives, that they potentially pose a high risk of huge losses to retail consumers due to the instances of cybercrime. Mills backed this up through a shred of supporting evidence from the previous instances of scams that retailers have faced.
A potential fail in the fiat currencies is raising alarm to investors and businesses organizations that an alternative means is to be adopted to remain stable within the competitive economy. Continuous deflation is creeping up as the governments continue to print more money.
Bitcoin finishes the week up about 6%, still below $11,000 but above $10,000 having set a record of 63 days after which the protection of the digital coin is beginning to be considered boring by some traders.
Egyptian crypto community is opting this as an alternative to caution themselves against unemployment and hard economic time resulting from the Covid-19 pandemic.
