Category: Blockchain

Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, has weighed in on the debate about the possibility of Ethereum (ETH) flippening Bitcoin (BTC) as the world’s largest cryptocurrency.  His point was drawn on the major achievements attained in the Ethereum blockchain thus far this year and the upcoming chain merger. According to McGlone, if Bitcoin were

Despite heavy fluctuations in the cryptocurrency market in the second quarter of this year, South Korean banks enjoyed a sharp increase in revenue from crypto transaction fees. Per the announcement: “The three banks in partnership with cryptocurrency exchanges — K bank, NH Nonghyup Bank, and Shinban Bank — made a total of 16.9 billion

AMC Entertainment, the leading American movie theatre chain, said it would accept bitcoin as a payment method for ticket purchases and discounts at the end of this year. Speaking at a conference call Monday, CEO of AMC Entertainment Chairman Adam Aron said AMC cinema will have its online purchase system with IT technology and will add

Circle, the firm behind stablecoin known as USDC, a digital token pegged to the US dollar, has filed with the US Securities and Exchange Commission to become a federally chartered national commercial bank. In a regulatory filing submitted on Monday, August 9, Circle payments and digital currency firm stated that it is planning to push

Tether Holdings Limited, the company behind the largest stablecoin USDT, has released its Consolidated Reserves Report (CRR) for June. Per the data published, the firm has enough Dollar reserves for its issued tokens. The Cayman Islands-based independent auditor affirmed the report that Tether’s claims about its reserves for June are indeed correct. The USDT stablecoin

Food industry leader Oscar Mayer owned by the American food company Kraft Heinz officially tweeted that the Doge army has sold its Hot Doge Wieners to $15,001.00. The bidding started last Wednesday with an opening price of $0.99. In the end, 76 bidders successively participate in this bid and eventually sold on eBay for $15,001.00. The

As the bipartisan Senate began to vote on President Joe Biden’s infrastructure bill, the taxation of cryptocurrency transactions in this infrastructure plan cited Tesla CEO Elon Musk, Jack Dorsey, Senator Criticism by Ted Cruz, and others. The Senate released a bill last week that includes new tax rules for crypto trading companies and brokers, which

The cryptocurrency industry opened the new week to a broad price reversal, as Bitcoin (BTC) and a host of altcoins pared off the gains accrued in the course of the past week. The encroaching price slump is majorly reflective in the global crypto industry market cap, which is down 5.21% to $1.75 trillion. The broader

The leading crypto payment technology provider Alchemy Pay (ACH) announced today that it would launch the Virtual Crypto-Linked card, aiming to expand the scope of cryptocurrency payments to meet the growing demand for crypto-related card transactions. According to the announcement, Alchemy Pay has completed its virtual card service development process and is undergoing beta testing

Washington is currently torn apart by the Infrastructure Bill that is yet to be passed following the Senate session on Thursday. The reason? The lawmakers have a diverse opinion with regards to the clause on cryptocurrencies contained in the deal. The original infrastructure bill wants individual crypto transactions above $10,000 to be reported to the