NewsRoom Articles - Page 65 of 188

FridayOct 21, 2022 11:15 am

Binance Announces $500m in Loans to Cryptocurrency Miners

Binance, the top crypto exchange in the world on the basis of the volumes traded daily, has announced that it is going to make half a billion dollars available as loans to firms engaged in cryptocurrency mining. This lending program is intended to support blockchain infrastructure providers as well as Bitcoin mining entities at this time when the industry has been subjected to immense headwinds resulting in the massive loss of market value. Binance Pool said in a statement that they had an obligation to play a positive role in maintaining a blockchain and crypto ecosystem that was healthy. This…

WednesdayOct 19, 2022 12:45 pm

Mastercard Zeroes in On Five Factors to Facilitate Use of Cryptos as Payments

MasterCard recognizes the potential of cryptocurrencies and has set its sights on playing a role in making these digital currencies forms of payment that people can use on a daily basis. To this end, the company is focusing its attention on five aspects that can make it possible for cryptos to become mainstream forms of payment. Raj Dhamodharan, executive VP at MasterCard responsible for digital assets, blockchain products as well as digital partnerships at the company, says that the infrastructure of the financial system could be transformed by digital assets such as cryptocurrencies and digital currencies issued by central banks…

WednesdayOct 19, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Enhancing Blockchain Micropayment Transactions on Lightning Network

LQwD is leveraging the Lightning Network to facilitate worldwide micropayments of BTC with faster transaction times and lower fees The company’s PaaS also acts as a Liquidity Service Provider for merchants, enabling users of the platform to do more with the proprietary tools created and backed by the company’s BTC assets The global blockchain market was valued at US $4.67 billion in 2021 and is expected to grow from US $7.18 billion in 2022 to US $163.83 billion in 2029 Technological advances have made it possible for industry advances that were often underestimated. For example, the Voice-Over-Internet-Protocol (“VOIP”) movement was…

MondayOct 17, 2022 12:45 pm

Despite Cyptos’ Slump, Blockchain Technology Still Attracting Institutional Interest

For a long time, pundits have posited that cryptocurrencies and blockchain technology will truly take off once institutional investment into the industry starts pouring in. In 2021, institutional investors picked interest in decentralized finance (defi), the metaverse, and NFTs (non-fungible tokens). However, the slump in the prices of cryptos witnessed in 2022 put the brakes on the momentum of capital flow into blockchain technologies, although institutional interest has remained strong. According to Amberdata’s cofounder and COO Tongtong Gong, the rate at which institutional investors are exhibiting interest in blockchain technology is at an all-time high and is growing rapidly. Amberdata…

MondayOct 17, 2022 12:00 pm

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Facilitating BTC Transactions Worldwide via Lightning Network

LQwD is focused on creating enterprise-grade infrastructure to drive bitcoin adoption and, develop institutional-grad services supporting the Lightning Network functionality, transaction capabilities, and bring BTC to scale LQwD Lightning Network nodes include Canada, France, Japan, England, Japan-Osaka, Australia, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West Currently servicing 17 countries, LQwD plans to increase reach to 24 worldwide by the end of the current quarter The global blockchain market was valued at US $4.67 billion in 2021 and is projected to reach US $7.18 billion in 2022, and then US $163.83…

FridayOct 14, 2022 12:00 pm

Google to Start Accepting Crypto Payments Via Coinbase for Cloud Services

Google announced recently that it is going to allow a limited number of its cloud services customers to start paying for those services using cryptocurrencies. This new payment mode is slated for early 2023, and Coinbase Global Inc. (NASDAQ: COIN) will facilitate those transactions. This deal could give Google an edge over its competitors in the cloud business segment because hardly any of those companies currently accepts digital assets as payment for any services rendered. For a long time, Google and its parent company, Alphabet, have drawn most of their revenue from advertising. The cloud business offers the tech giant…

WednesdayOct 12, 2022 10:30 am

BlackRock’s Latest ETF Pours Money into 35 Blockchain Companies

BlackRock, the largest asset management company in the world, recently launched a new exchange traded fund (ETF) to give its customers in Europe an opportunity to invest in blockchain technology companies as well as ancillary companies to this industry. This new ETF, which was unveiled on Sept. 27, 2022, dubbed iShares Blockchain Technology UCITS ETF, is putting 75% of its holdings into blockchain firms (crypto exchanges and crypto mining firms, for example) while the remaining 25% will be held in blockchain ancillary enterprises, such as those specializing in providing legal services to blockchain industry players. At the moment, the ETF…

MondayOct 10, 2022 12:45 pm

EU Parliament Approves Resolution Calling for Blockchain, Crypto Tax Policies

Decentralized blockchain technology took the world by storm when it was first introduced more than a decade ago. Blockchain and crypto promised to deliver enhanced security and privacy, visibility, traceability, fast transactions and immutability. The crypto market grew increasingly popular over the years and attracted millions of users, especially those from developing countries because they traditionally have limited access to investing. With a valuation of $1.6 billion in 2021, the cryptocurrency market is expected to be worth $2.2 billion by 2026. As the market has grown and evolved, there have been efforts by lawmakers in regions that allow cryptocurrencies to…

FridayOct 07, 2022 12:00 pm

Why the Crypto Winter Won’t Stop the Onward March of Blockchain Technology

This year hasn’t been great for the nascent cryptocurrency market. The first six months of 2022 saw a decline in the price of every major crypto and a 26% reduction in venture capital investment. Data from Crunchbase shows that investment in cryptocurrency companies was down to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021. In mid-June, the rug was pulled out from under crypto investors after prices dropped significantly, with Bitcoin falling by as much as 37.3% to trade below $19,000. By the time the dust had settled, the cryptocurrency…

WednesdayOct 05, 2022 11:15 am

How Cryptocurrencies Are Helping the US Dollar

For the past couple of weeks, the greenback has experienced a rally that has seen it achieve highs it hadn’t seen in two decades. The dollar’s surge in value came amid efforts by the U.S. Federal Reserve to forestall inflation. Over the past three months, the Fed has raised the benchmark interest rate by 0.75 basis points, and it has signaled that there may be even more interest rate hikes as the risk of inflation increases. The dollar’s surge has threatened a long-held idea among crypto enthusiasts that digital tokens such as Bitcoin posed a significant threat to the dollar’s…