Wirecard-The Major Crypto Debit Card Issuer Reportedly Missing $2.1B in Cash

A German major fintech company, Wirecard which is responsible for issuing several crypto debit cards, including Crypto.com’s, has fallen into controversy as some of its employees appear to have defrauded the company, by allegedly misrepresented over $2 billion in cash reserves. On June 18, the Financial Times reported, auditors from Big …

IRTI Partnered with Samsung-Backed Blockchain Technology Firm to Develop Blockchain-Based Credit Management System for Arab Bank

The research arm of Suadi Arabia’s Islamic Development Bank Group is striving to develop a blockchain-based smart credit management platform. This credit enhancement system will reduce the risks associated with credit financing to businesses and consumers through the use of new economic incentive models and advanced implementations of hybrid blockchain …

Crypto Exchange Coinbase Continuing to Explore Support for 18 New Digital Assets For Customers

Coinbase, the largest cryptocurrency exchange in the United States has announced the exchange is considering offering support for 18 new digital assets including VeChain, Synthetix and DigiByte, but did not give a timeline for listing these assets. According to a blog post from Coinbase, the Coinbase is exploring support for Aave …

Coinbase Exchange Experienced an Outage Due to 5x Traffic Spike During the BTC Surge

Coinbase, the largest cryptocurrency exchange in the United States said its autoscaling couldn’t keep up with a huge 5x traffic spike experienced during a Bitcoin price surge to $10,000, that left many users unable to log in on June 1. On June 6, a blog posted by Coinbase software engineer Michael de …

Russia Leads Global BTC Trading Volumes on LocalBitcoins in 2020

Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes, amid local crypto regulation uncertainty. According to an analysis by crypto media startup CryptoDiffer, Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020.  LocalBitcoins Volumes  Per the data, …

Launch of SpaceX, Live Stream in Ethereum-Based Virtual Reality World

Decentraland users watched the first launch in almost a decade of a SpaceX built-in and launched on May 30, which carries two humans up to the space station from the United States virtual reality world’s auditorium. The launch wasn’t just viewable on NASA’s YouTube channel. The users of the Ethereum-based …

Grayscale Investments, Accumulating Bitcoin at the Rate of 1.5 Times the Amount of BTC Being Mined

Kevin Rooke, an independent researcher estimates that since the May 11 block reward halving, Crypto fund manager, Grayscale has sped up its Bitcoin collection to the rate of 150% and investing in the new coins created by miners.  Per the data issued by independent crypto researcher Kevin Rooke, Grayscale has added …

Twitter Bitcoin Mentions Now Proportional to Market Cap Dominance

According to the latest data, Bitcoin’s popularity on Twitter by the number of tweets is not only the highest of all the cryptocurrencies—it is proportional to market cap.  The most mentions on Twitter may seem logical, but the reason behind it may be more calculated than many imagined. Bitcoin holds …

For the First Time, African P2P Trade Overtake Latin America as the Second Strongest Region

African peer-to-peer (P2P) Bitcoin (BTC) trading volumes have continued to grow, made more than $14.6 million in weekly volume, with the new record for the continent posting its third-consecutive all-time high for trade activity. As such, this past week marked African P2P trade overtake Latin America to stand as the …

Bitcoin Holdings of Grayscale Growing 76% Per Year Hitting New Highs

Grayscale, an American major digital asset management fund, has continued to grow this year, with the total assets under management (AUM) hitting new highs $3.8 billion. A tweet on May 19, Grayscale announced its total AUM hit $3.8 billion, rising over 80% from $2.1 billion in May 2019. Bitcoin Trust Continues To …

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