Crypto Is Junk not Money, MasterCard CEO Says

2018-7-26 16:47

Anonymized and volatile virtual coins cannot fulfil the role of real money, the head of the world's second-biggest payments processor claimed.

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In 1 Year, Samsung Has Gone from Bitcoin Miner Manufacturer to Accepting Crypto

Samsung, the $290 billion electronics giant, has started to accept crypto in its stores in the Baltic region as an alternative to fiat money on July 21, 2018. Heavily Involved in Crypto In South Korea, Samsung remains as the dominant conglomerate in virtually every major industry including insurance, real estate, construction, shipbuilding, automotive manufacturing, and finance.

2018-7-25 21:00


US Fed Reserve Chair Bashes Crypto’s Money Properties, Says “Not Really a Currency”

Jerome Powell Claims Bitcoin is Not a Real Currency and Has No Intrinsic Value The head of the United States Federal Reserve issued a warning to Congress earlier today regarding cryptocurrencies. Federal Reserve chair Jerome Powell, who took the position in February, said on Capitol Hill that bitcoin and other cryptocurrencies are dangerous to “unsophisticated […]

2018-7-21 00:41


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Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


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CryptoKitties finally finds a real use-case in charity auction for sea turtles

CryptoKitties, the cutesy blockchain game where you can collect, customize, breed, and inevitably pimp out virtual cats is still apparently still a thing. Once so popular that it brought Ethereum to its very knees, dwindling interest has spurred them to adopt a more holistic way to get people to spend money on seemingly worthless vanity tokens.

2018-7-11 17:31


“We’ll help you pay for everything with Crypto” – An Interview with Co-Founder of Crypterium

“Cryptocurrencies have become a must-have attribute of a modern person,” says Vladimir Gorbunov, co-founder of Crypterium. Yet, they don’t have much use beyond trading and investment. How can we turn cryptocurrencies into real money that you can spend in the nearest supermarket? NewsBTC spoke directly with Vladimir to get the answers.

2018-6-29 03:39


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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24