Category: Blockchain

Argo Blockchain Seeks $57.5M Debt Funding to Build Texas Mining facility

London-based digital currency mining platform, Argo Blockchain has filed an application with the United States Securities and Exchange Commission (SEC) to offer $57.5 million worth of 8.75% senior unsecured notes to interested investors. Per the filing, the senior unsecured notes are billed to mature on November 30, 2026, and the proceeds are billed to be

Bitcoin’s Taproot Upgrade Launch in Three Days, Smart Contract Capabilities to be Unlocked?

Within approximately 3 days, Bitcoin’s Taproot will go live. It is arguably the most anticipated and vital upgrade to the BTC network since the Segregated Witness (SegWit) improvement in 2017.  This upgrade comprises three Bitcoin Improvement Proposals (BIPs): Tapscript, Schnorr Signatures, and Taproot. They are collectively called the Taproot upgrade that seeks to incorporate more

Digital Rubble Prototype to be Introduced in Early 2022

In line with the development of its Central Bank Digital Currency (CBDC), dubbed the Digital Rubble, the Central Bank of Russia is set to launch a prototype platform for the new form of money in early 2022. According to a report from Reuters, citing the Central Bank Governor Elvira Nabiullina, the prototype platform will be

Coinbase Q3 Financial Data Lower Than Expected, Stock Falls

Coinbase’s (COIN) third-quarter financial data revealed that the total net income and the earnings per share owned by shareholders were lower than what analysts had expected. The share price of the American cryptocurrency exchange platform listed on Nasdaq dropped to 13% on November 10. According to Coinbase, a San Francisco-based digital asset trading platform’s third-quarter financial report, their transaction revenue

Apple is Keeping an Eye on Cryptocurrency: CEO Tim Cook

Apple Inc’s leader revealed that the company is keeping an eye on cryptocurrency features it could introduce in its products in the near future but had no plans to make crypto an accepted payment method anytime soon. Speaking at The New York Times DealBook conference on Tuesday, CEO Tim Cook said, “it (cryptocurrency) is something we are looking

Despite Regulatory Uncertainty, Ripple Is Launching Crypto Liquidity Service for Financial Firms

Ripple Labs, Inc., a U.S. technology company behind XRP cryptocurrency, has announced that it is launching a new product that allows financial firms to provide their customers with the ability to purchase and sell cryptocurrencies. The San Francisco-based firm stated on Tuesday, November 9, that a new product called Liquidity Hub, will give business customers

Crypto Exchange Web Traffic Hit 473.3 Million Visits in October

The cryptocurrency market continues gaining significant attention because it has defied many odds to become a trillion-dollar industry. Reportedly, the crypto market capitalization was a stone’s throw away from the $3 trillion mark because it recently stood at $2.96 trillion.  More participants are eyeing this sector, given that the crypto exchange web traffic has witnessed

Huobi Global Moves its Central Operating Base to Gibraltar

Huobi Global, one of the world’s largest digital currency trading platforms, has announced the move of its operational headquarters to Gibraltar, a small British enclave in the Southern part of Spain. According to a statement issued by the company, its spot trading service has received approval from the Gibraltar Financial Services Commission (GFSC) to start

BlockFi Files for Spot Bitcoin ETF in the U.S.

BlockFi, a United States-based cryptocurrency lending platform, has filed for a spot Bitcoin Exchange Traded Fund (ETF) product with the Securities and Exchange Commission (SEC). Per the filing, the BlockFi NB Bitcoin ETF will track the actual price of Bitcoin, different from the crop of new ETF filings billed to track the price actions of

Mastercard Partners with 3 Firms to Launch First Crypto-Linked Payment Cards in Asia Pacific

Payment giant Mastercard announced on Tuesday that it will enter cryptocurrency payments in the Asia-Pacific region. Mastercard said that it has cooperated with three well-known digital asset companies in the Asia-Pacific region to launch a Mastercard payment card funded by cryptocurrency. The three cryptocurrency service providers are Amber Group and Bitkub from Thailand, and CoinJar,