Crypto News

Venezuela Starts Converting Pensioners’ Payments to Crypto ‘Petro’: Report

Advertisement The government of Venezuela has reportedly started converting pensioners’ monthly payments from the country’s fiat currency, the bolivar, to its oil-backed cryptocurrency Petro, without giving them a choice. According to the Caracas Chronicles, a politics and economics-focused website based in Venezuela, the country’s pensioners are notified every time their monthly payments arrive, but this […]

Crypto News

South Korean Tech Giant Kakao Invests in Blockchain Project Orbs

Advertisement Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes […]

Bitcoin

Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K

Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be a good buy under $ 5,000 earlier this year.  ‘You Should Outlaw It’ The Chief Executive of Europe’s biggest asset manager Allianz Global Investors Andreas Utermann expressed his thoughts on the regulation of digital […]

Crypto News

German Stock Exchange Giant to Launch Crypto Trading — How it Will Affect the European Market

Advertisement On December 12, Boerse Stuttgart, the second-biggest stock exchange in Germany and the ninth-largest in Europe, said in an official statement that it plans to introduce a crypto trading platform by the second quarter of 2019. Alexander Höptner, the CEO of Boerse Stuttgart GmbH, stated: “With its combination of technology and banking expertise, solarisBank […]

Bitcoin

The Future of Crypto

When the crypto bull market was still in session, the next big thing for Wall Street was set to be Ethereum futures. Now it seems they’re back on the menu.  Futures contracts were originally invented so that farmers and merchants could hedge costs before engaging in a specific venture. For example, imagine you want to […]

Crypto News

Bitcoin’s Fair Market Price is $14,800, Says Cryptocurrency Bull Tom Lee

Advertisement Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $ 3,400 is wrong because its actual fair market value is $ 13,800 to $ 14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price […]

Crypto News

Pro-Crypto Fintechs Robinhood & Revolut Aim to Replace Bitcoin-Hostile Banks

Advertisement Earlier today, two of the world’s hottest fintech startups, the US-based Robinhood and the UK-headquartered Revolut, separately announced new product offerings that could greatly benefit the crypto industry over the long-term and put pressure on bitcoin-hostile banks to begin modernizing their service lines. Bitcoin-Friendly Fintech Startups Want to Replace Banks Revolut, which recently achieved […]

Blockchain

The HTC Exodus 1 ‘Blockchain Phone’ is Here and It’s Underwhelming

This week saw the first reviews of the HTC Exodus 1 blockchain phone, as ‘Genesis Block’ pre-orders started to ship. However, threatening to steal HTC’s thunder came crypto-related trademark applications from Samsung, amid speculation features may arrive early next year. HTC Exodus Arrival So it’s finally here; 7 months on from its announcement in May, […]