Cryptocurrencies

Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy

Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free. Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system. “There are markets that …

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Building Blockchains Secretly in South America

Blockchain could bring technological revolution in Latin America said Mario Blacutt, NULS core developer and Nerve Network founder, in an exclusive interview with Cointelegraph. Blacutt revealed his thoughts on the region’s blockchain environment and the hurdles he faced after former Bolivian President Evo Morales banned cryptocurrencies in 2014. Blacutt, who recently revealed his real name …

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Blockchain Welcomes All, but General Tech Industry Lacks in Diversity

Financial inclusion is often cited as a reason for the pursuit of crypto and blockchain innovation. With gatekeepers monopolizing the global financial scene, several disenfranchised demographics have seen themselves cut off from viable channels of economic prosperity. Crypto and blockchain products are increasingly opening up international payment corridors, ensuring the democratization of global economics. Other …

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The Most Famous Financial Pyramids in the Crypto World

In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. The main one is the connection between crypto and crime. Everyone who has studied this topic even superficially knows that Bitcoin (BTC) still remains a …

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SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed …

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Researchers Say New Lightning Network Attack Could Create ‘Chaos’

A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network” paper, Jona Harris and Aviv Zohar from the Hebrew University in Israel evaluated a systemic attack …

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Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’

Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world.   According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto trading app Robinhood, nearly …

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Ghost Coin to be Deployed as Payment for Hong Kong Vending Machines

Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland.  “When we 1st launched …

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What Recent Developments in the Fintech Space Mean for Our Future

The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for digital assets, particularly Bitcoin (BTC). Banks, brokers, commercial lenders, investment advisors, private investment funds, family offices, mutual funds, fintech entrepreneurs, lawmakers and private …

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Ransomware Gang Failed to Deploy an Attack Against 30 US Firms

Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. The announcement published by the cybersecurity firm claims that the Evil Group, the malware gang behind the attacks, targeted the IT infrastructures of the firms. Still, the companies were …

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