Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI).Reuters reported on May 26 that the company, which is behind the WeChat messaging app, hopes to strengthen the development of...
Known for their regulation-friendly outlook within the crypto industry, Gemini exchange founders Tyler and Cameron Winklevoss hold a hybrid approach to privacy and government rules. The twin brothers explained in a May 22 podcast interview with Peter McCormack that crypto adoption comes a need for some degree of regulation....
The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the price of BTC.According to Binance, the current futures positions over the...
LG has partnered with United States-based company Evernym to develop blockchain ID technology.Asian financial news outlet Aju Business Daily reported on May 26 that LG CNS — LG’s IT services subsidiary — signed a memorandum of understanding with Evernym. The collaboration between the two firms aims to develop...
Facebook-owned digital wallet Calibra rebranded itself as Novi earlier today, sharing new details about the project.The primary reason for the name change was to avoid the confusion with the Libra cryptocurrency, a representative for Novi told Cointelegraph.“When we announced Libra and Calibra last June, we wanted to demonstrate...
Bitfury, a mining company established in 2011, announced a partnership program on May 26 that lets institutions invest in Bitcoin (BTC) mining.The program will help family offices and other institutional funds diversify their portfolios into digital asset infrastructure. Bitfury says this was previously an arduous task for these...
Yesterday, a Bitcoin (BTC) miner (or multiple Bitcoin miners) signed a message calling Craig Wright a fraud. One of the addresses used had been previously attributed to the Bitcoin creator Satoshi Nakamoto.The message was signed with 145 signatures belonging to the 145 corresponding addresses, one of those addresses:...
Today, Swiss cryptocurrency financial services firm Bitcoin Suisse introduced precious metals’ trading against top cryptocurrencies.Bitcoin Suisse has just added gold, silver and platinum for trading on its platform, enabling users to trade the precious metals against major fiat currencies as well as two cryptocurrencies, Bitcoin and Ether (ETH).All...
Telos announced on May 26 that Transledger will use its blockchain technology to power an interoperability platform enabling cryptocurrencies to move between blockchains.The Transledger platform aims to bring improvements to peer-to-peer applications like decentralized exchanges (DEXs), along with enabling management of coins like Bitcoin (BTC) with faster and...
India’s central bank, the Reserve Bank of India, seems to finally be clarifying its stance on financial services for cryptocurrency-related businesses. In response to a right to information request, the RBI clarified that there are no restrictions on banks preventing them from providing an account to cryptocurrency companies or...