Crypto Biz: Consolidation ramps up among crypto firms

The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions. Crypto futures exchange OPNX has launched a credit currency for margin trading, according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in…

Online retail giant and major crypto industry disruptor Overstock.com has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9.Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019, as…

An upgrade that aims to bring more functionality to Ethereum wallets will be delayed until at least late April. Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs.

Downward selling pressure sees Bitcoin swiftly take out $30,000 support as Binance users report technical difficulties. Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.”BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewBitcoin beats May price bottomData from Cointelegraph Markets Pro and…

“Yahoo users will not be able to interact via mail with Google email (Gmail) users,” — If tomorrow’s headlines sounded like this, the earth would come to a halt. This headline shall never see the light for all the right reasons. However, blockchain tech and its favorite son, decentralized finance (DeFi), are heading towards this…

Whether the U.K. Conservative Party maintains control of government or Labour is voted in, the House of Commons will be in recess until July 4 and during party conference season.

The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS had reportedly participated. 2621 Total views 41 Total shares The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run…

Comedian TJ Miller is all in on Bitcoin. In a candid chat on Decentralize with Cointelegraph, he shares his love for BTC and why cultural adoption matters just as much as financial investment. Bitcoin is not a company, nor is it a brand. It has no official spokesperson. Satoshi Nakamoto, the pseudonymous creator, remains an