Category: Blockchain

The recently-established UK government’s crypto assets taskforce has held its initial meeting to assess its goals, plans, and general agenda. The creation of such taskforce was announced in March as part of the ‘Fintech Sector Strategy’ and it is comprised of three key contributors: Her Majesty’s Treasury, Bank of England and the Financial Conduct Authority (FCA). The first meeting was attended by some of the most prominent financial officials of…

The Financial guru himself, Warren Buffet who is also known as ‘The Oracle of Omaha’ might have to take his words about cryptocurrency back soon, according to his trolls. Billboards have been posted outside his house, by Genesis Mining’s bitcoin team. Warren Buffet has been a lot in the cryptocurrency media recently, downplaying cryptocurrency. However, things got uglier when he dissed Bitcoin during a recent Berkshire Hathaway annual shareholders’ meeting.…

Jack Ma, who happens to be the richest man in Asia by virtue of co-founding and leading the e-commerce giant Alibaba, seems to be a fan of distributed ledger technology but does not rate digital currencies at all. The executive chairman of the Alibaba Group believes there is a bubble forming in the most popular cryptocurrency but the underlying technology behind it holds a huge promise and potential for the…

 HTC has entered the Blockchain powered mobile race, with its phone called Exodus using an Android operating system entirely powered by blockchain technology. High Tech Computer Corporation also called HTC is a Taiwanese consumer electronics company. It is a co-founding member of the Open Handset Alliance which is dedicated to the Android mobile operating system. It is now in the blockchain powered smartphone race along with Huawei and Sirin Labs.…

 Microsoft search engine Bing has joined such social media moguls as Facebook, Google and Twitter in prohibiting cryptocurrency advertising, under the pretence of user protection. According to the official announcement, the main issue for Bing in the case of virtual currencies is the lack of regulation, which allegedly puts the users at risk. The official blog post claims that “Because cryptocurrency and related products are not regulated, we have found…

 James Patchett, President, and CEO of The New York City Economic Development Corporation (NYCEDC) has announced various blockchain-related initiatives that the city will be undertaking in order to facilitate the growth of the blockchain industry within The Big Apple. Speaking at the Consensus conference, Mr. Patchett has claimed that, ““There’s no city in the world that’s better positioned to lead the way in the blockchain. The city is putting a…

A cryptocurrency exchange using Nasdaq’s technology is drool-worthy. It has been revealed by Finance Magnates Publication to be launched on June 14th. Nasdaq is known to be the second largest stock exchange in the world regarding market capitalization. On April 25th, 2018 Nasdaq told CNBC that it is considering becoming a crypto exchange over time. The technology behind Nasdaq will help power the new centralized crypto exchange called DX. CEO…

It seems that blockchain has another high-profile advocate in Wall Street, as Steve Chiavarone, VP of financial services company Federated Investors, has made some bullish statements on the distributed ledger technology, calling it an “economic growth driver” among other compliments. When asked about whether blockchain can be the factor that fuels economic growth, he noted that “This is going to be one of five key technologies – along with automation,…

Wallstreet is turning over to cryptocurrency, and this is seen with Former Goldman Sachs banker Chris Matta quitting the famous financial company a few days after earning the position of vice president. Who in their right minds would do that, right? He did it all for cryptocurrency! According to Chris Matta’s Linkedin, he was managing over $7 billion assets for the Goldman Sachs Philanthropy Fund and Trust Company. He built…

According to news media outlet, Cheddar the Social media giant Facebook is about to launch its very own cryptocurrency. According to the news report, Facebook is going to capitalize on cryptocurrency for payments on the social media platform. Facebook, founded by Mark Zuckerberg has over two billion users globally. Facebook, the most popular social media platform has been in the media for various reasons lately. From the cryptocurrency and ICO…