WazirX slams external forces for delaying restructuring efforts
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.
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Facebook Sources Say That Stablecoin White Paper Will Come on June 18
Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6.Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month.Previously, rumors had suggested it would be…
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Gibraltar Stock Exchange’s Blockchain Platform Secures Licence From Financial Regulator
The Gibraltar Blockchain Exchange (GBX) has secured a license from the Gibraltar Financial Services Commission (GFSC), according to a company blog post Nov. 22.The GBX was established in July of this year by the Gibraltar Stock Exchange (GSX). The platform first announced its blockchain trading platform in November 2017, aiming to “become the world’s first…
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Here Are Four Ethereum Scaling Pitches Submitted to Reddit’s Competition
A number of projects introduced potential scaling solutions prior to Reddit’s July 31 deadline. Most contest participants are existing developers of Layer 2 solutions for Ethereum. The majority of entrants seem to have tweaked their existing technologies to accommodate Reddit’s demands.The terms of the challenge stipulate that proposed technologies should be able to handle “100,000…
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US House Democratic coalition creates AI working group
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology. 95 Total views 23 Total shares Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector. The 97-member…
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It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K
Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level. Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets…
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Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades
The Balancer and Polygon partnership aims to lower gas fees for traders on the Ethereum blockchain. 777 Total views 3 Total shares The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol’s latest effort in this regard is the launch of support on the Layer-2 solution…
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Coinbase Now Has Its Own Political Action Committee
San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or…
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Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes
A legendary Berlin-based watering hole and Bitcoin hub closes down 161 Total views 5 Total shares A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed.According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first…