Chamath Palihapitiya says the Federal Reserve shouldn’t pump billions of dollars into “rich CEOs and boards that have horrible governance.” Chamath Palihapitiya, the CEO of investment firm Social Capital and chairman of spaceflight company Virgin Galactic, has argued that the US government and the Federal Reserve should not bail out Read more…
A fake BBC news report featuring Prince Harry and Meghan Markle is being used by Bitcoin scammers promising investors daily profits of $1,300. In brief Another crypto scam is using fake celebrity endorsements. This time round it’s the Duke and Duchess of Sussex. The “Bitcoin Evolution” scam claims to make Read more…
If Bitcoin Fails To Keep Its Current Levels, The Crypto Market May Experience Another Steep Downfall What seemed a week of upwards momentum for the crypto sector vanished in the past 24 hours, as Bitcoin suffered from a massive price hit. The leading cryptocurrency to date saw an almost $200-per-minute slump, forcing the market Read more…
Governments around the world are careening toward a period of dramatic spending. The U.S. Federal Reserve announced another $2.3 trillion in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England announced it would likely extend billions of pounds to directly finance the government’s crisis response. All this inspires inflation concerns around the Read more…
Cryptocurrency exchange Binance is enabling citizens in five further countries to buy cryptocurrency using Visa debit and credit cards with their national fiat currencies. The new service, announced April 10, will extend card support for the Colombian peso, the South Korean won, the Kenyan shilling, the Kazakhstani tenge and Peru’s neuvo sol. Read more…
Ethereum mining is a great way to better understand cryptocurrency and gain valuable technical know-how while earning consistent profits. Ethereum depends on mining or “proof-of-work,” meaning that individual users competitively contribute computing power to validate blocks and transactions. They also earn ETH in the process. Though Bitcoin originally introduced mining, it is increasingly Read more…
The coronavirus pandemic has changed the world like never before. The economic meltdown is staring at our face, and the recent announcement of Federal Reserve to print infinite currency has come across as a double-edged sword. While this move will bring much-needed relief for investors, it is surely going to Read more…
Despite a handful of decent earners, the majority of the market is reporting mostly sideways movement. Bitcoin is reporting a 0.25 percent gain at the time of writing, bringing its trading value to $7,286. Given the close correlation Bitcoin shares with Litecoin, it’s unsurprising to see the project record similar Read more…
As per a longstanding agreement, Stellar’s founder and Ripple’s former co-founder is set to receive another 63M XRP. In 2011, Jed McCaleb founded Ripple. Embroiled in multiple lawsuits, McCaleb has been restricted from selling his entire stash of over 4.7 billion XRP. His stunningly-high holdings have been a constant thorn in Ripple’s Read more…
A successful bitcoin (BTC)-funded campaign to build and equip a coronavirus-fighting medical facility near Rome, run jointly by the Italian Red Cross, has wrapped up – with the center now up and running. The campaign saw what the Italian Red Cross has called a “second-level Advanced Medical Post for pre-triage” created in Castel Read more…