Cryptocurrency

Litecoin(LTC) falls from 5th position to 7th position

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Litecoin (LTC) a digital peer to peer cryptocurrency, provides its users with instant and almost negligible transaction fees anywhere around the world has fallen to the 7th possession from 5th largest cryptocurrency in global market positions. Litecoin is overtaken by Cardano (ADA) and EOS(EOS) by a huge margin. Cardano (ADA) moved ahead of Litecoin(LTC) as … Continue reading “Litecoin(LTC) falls from 5th position to 7th position”

‘Finney’ the world first blockchain phone developed by Sirin Labs and Foxconn

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Blockchain technology based smartphone has been developed by Sirin Labs which is the first world’s first blockchain smartphone. Sirin Labs on April 24th tweeted:“FINNEY tech specs are 99{7ac5c3bf57b95c89d20da1c585f68f2fe47644be0187dccece42864a092023b1} completed and we are working out the final details with FIH (Foxconn International Holding) releasing them to the community in 2 weeks.” Foxconn would be manufacturing the … Continue reading “‘Finney’ the world first blockchain phone developed by Sirin Labs and Foxconn”

Revolut a Fintech Firm Reaches to a Valuation of $1.7 Billion After Integrating Cryptocurrency

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TransferWise a fintech company for many years has been allowing users to send bank payments with cheap fees and short verification periods and was one of the most dominant fintech business in Europe. Revolut surpassed TransferWise after reaching a valuation of $1.7 billion and integrating cryptocurrency. Adena Friedman the CEO of Nasdaq earlier this week … Continue reading “Revolut a Fintech Firm Reaches to a Valuation of $1.7 Billion After Integrating Cryptocurrency”

Jewelry companies partner with IBM on a Blockchain Project

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New York-based tech giant IBM has partnered with some of the top companies in diamond and gold industries for a cross-industry blockchain initiative which is meant to trace the origin of jewelry. IBM announced this initiative via a blog post to the Jewelry industry which has witnessed an increase in counterfeit jewelry. IBM brings together … Continue reading “Jewelry companies partner with IBM on a Blockchain Project”

Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion

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The price of bitcoin has climbed by over $400 in the last 24 hours, getting into the $9,000 region and exceeding $9200. A sudden dip on April 27 sent bitcoin price to the $8,800 mark. But throughout the day bitcoin and other cryptocurrencies saw record gains as the market climbed to $420 billion. EOS once … Continue reading “Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion”

Warren Buffett says Bitcoin is one kind of game and not an investment

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Warren Buffett is still not sold on Bitcoin and cryptocurrency and when he speaks investor around the world listen. Yahoo Finance had an exclusive interview with Buffett in Omaha where he laid out his thinking on cryptocurrency investing.   Bitcoin he says isn’t investing and “There are two kinds of items that people buy and … Continue reading “Warren Buffett says Bitcoin is one kind of game and not an investment”

Tech Giant Sony looking to use Blockchain technology

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Sony the technology giant based out of Japan is looking to store digital data using blockchain technology. On Thursday, U.S. Patent and Trademark Office published an application  that explains Sony’s current digital rights management (DRM) solution which aims for interoperability “may not be very reliable and rely on one unique point of failure and if … Continue reading “Tech Giant Sony looking to use Blockchain technology”

Cryptocurrency Mining Causes AMD’s Revenues to Surge

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AMD a major chip maker revenue surges as cryptocurrency mining have resulted in a huge demand for its products. AMD and NVIDIA have had a booming year in terms of revenue due to the cryptocurrency mining. But they have noted that the future demand for new GPUs won’t be the same as cryptocurrencies are losing … Continue reading “Cryptocurrency Mining Causes AMD’s Revenues to Surge”

Asia tops cryptocurrency trading volume despite of the recent regulatory restriction

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Asian countries love cryptocurrency trading and they are dominating the charts for cryptocurrency trading volumes. Whereas the UK which has the most crypto exchanges registered accounts for less than 1 {7ac5c3bf57b95c89d20da1c585f68f2fe47644be0187dccece42864a092023b1} of the trade globally. The research done by Morgan Stanley indicates that exchanges which originated from countries like South Korea, Hong Kong, and China … Continue reading “Asia tops cryptocurrency trading volume despite of the recent regulatory restriction”

Wirex Added Litecoin(LTC) To Their Crypto Wallet App

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Wirex made an announcement today( April 26th) that it added Litecoin(LTC) to its wallet, Litecoin was the first altcoin to be added to its cryptocurrency wallet. Wirex now supports Litecoin(LTC) in addition to Bitcoin (BTC), that is also recognized by major virtual and physical debit cards. Wirex added Litecoin(LTC) because it is faster than Bitcoin … Continue reading “Wirex Added Litecoin(LTC) To Their Crypto Wallet App”