Revolut, a crypto-friendly trading app and one of the biggest fintechs in Europe, reportedly tripled its losses in 2019 despite growth in revenue and new customers.The London-based company reportedly posted a total loss of more than 106 million British pounds ($139 million), up from about 33 million pounds...
Blockchain firm HashCash Consultants claims that banks are "chief arbiters" of people's identities, and need blockchain technology to do it better.According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people's identities.” Still, the current...
Cryptocurrency pornography startup PornVisory is moving to a decentralized governance structure based on the (decentralized flexible organization) ​DFO standard.According to PornVisory, DFO governance will enable token holders to propose changes and vote on governance aspects that will be subject to community voting. Platform users will need to stack...
MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11.The world’s largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will...
Andrew Hamilton, a lawyer with a background in computer science, is spearheading a class-action lawsuit accusing the social media and search giants Google, Facebook, Twitter, and YouTube for cartel-like behavior intended to kill off the burgeoning cryptocurrency sector.The suit, which has already amassed more than $600 million in...
Around 100,000 people in total attended the 2020 Great Bay Area International Blockchain Week, hosted by Cointelegraph China and Cointelegraph in Shenzhen's Great Bay district in the first week of August.Guests were divided between those who participated online and offline, according to Cointelegraph China’s report. The conference focused...
Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the cause.The last video produced by Otto garnered more than 100,000 views across various social...
With sentiment suggesting Bitcoin and the crypto markets are about to go on a bull run, seasoned old timers are warning about the lessons learned from previous rallies. With Bitcoin correcting 5% in the past day, the Crypto Fear & Greed Index is back to 75. A measure of...
The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited...
Amid sky-high expectations, the latest television ad from Grayscale Investments has proven a disappointment to many Bitcoiners.The 30-second ad is running on business and finance cable TV channels and there were hopes before it was unveiled that the could ‘bring crypto investing to millions’. But the reaction following...