BitTorrent’s token sale concluded on Binance’s Launchpad platform on January 28. The company bagged $7.1 million, selling 50 million tokens within 15 minutes. Binance revealed the sale conclusion on its official blog. BitTorrent provides a peer-to-peer file sharing medium, letting users share files, music or videos on the internet. BitTorrent’s …
Researchers at Massachusetts Institute of Technology (MIT) have created a new cryptocurrency that reduces the data users require to join the network and carry out the transaction by almost 99 percent compared to the existing famous cryptocurrencies. As many of us are aware, cryptocurrencies are networks built on the blockchain, …
The Indian Government has recently confirmed the report that contains a regulatory framework for cryptocurrencies by an inter-ministerial committee. The Indian government has been working on crypto regulation from a long time. Mr. Subhash Chandra Garg, Secretary of the Department of Economic Affairs, lead the Inter-Ministerial Committee (IMC) and developed the …
Iran is currently facing an economic fiasco, and its government is planning to redenominate its currency, as reported by a local media. Iran’s central bank governor Abdolnaser Hemmati said, “A bill to remove four zeros from the national currency was presented by the government by the central bank yesterday and …
Cryptocurrencies and blockchain technologies are all the rage now. In this post, we are investigating the underlying technology that has made cryptocurrencies incredibly successful. Blockchain is a technology that acts a digital record-keeping system that is created to speed up transactions while simultaneously lowering costs and offering heightened security. This …
Jeremy Allaire, the CEO of Circle, asserts that humanity can’t survive the digital age without crypto. The decentralized and resilient nature of crypto makes it an indispensable asset. Jeremy Allaire made the claims at the 2019 World Economic Forum in Davos, Switzerland. The Circle CEO believes that people who are …
Cryptocurrencies recently completed 10 years of existence. Still, there are quite a few people who do not completely understand cryptocurrencies and blockchain technology. We know that purchasing your first cryptocurrency can be an overwhelming experience. The extreme volatility of prices tends to put additional pressure on the average consumer. Coindelite …
The Institute for Development and Research in Banking Technology (IDRBT) of India recently published a blueprint on Blockchain implementation in the banking sector, the Financial Express, Indian daily newspaper reported on Tuesday, January 22. The Reserve Bank of India (RBI) established IDRBT in 1996 with the purpose of conducting research …
The senior adviser to Bank of England’s (BOE) Governor Mark Carney, Huw van Steenis, told Bloomberg in an interview on Monday, January 21, that cryptocurrencies fail the fundamental financial tests. Van Steenis has worked at corporations with the likes of Schroders and Morgan Stanley. He joined BOE in 2018 and is …
Bitcoin was hardly recognized by anyone when it first launched in 2009. However, it quickly took the financial industry by storm, as it gained popularity in the following years. The project developed by an entity known as Satoshi Nakamoto, has turned into a global phenomenon with the potential to revolutionize …
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