It’s no secret that 2022 has been a tough year for cryptocurrencies, and companies operating in the sector have struggled to cope with the crash of the crypto market. Coinbase, the crypto…
Russian Banking Giant Sber Makes Massive Pivot to Tech
Sberbank, Russia’s largest bank and the 33rd-biggest on earth, has made a huge pivot to tech, as it bids to revamp its image for the digital age. Today the Moscow-headquartered firm inaugurated…
A Bolivian Cryptocurrency Leader Comes In From the Cold
For years, Mario Blacutt dared not reveal his name. He was a citizen of Bolivia, whose state pursued crypto traders with a religious zeal. Any mention of Blacutt’s true identity could land…
Heavyweights Join China’s Blockchain Committee
Tencent, Huawei and JD.com are among 71 companies the Communist Party of China has added to a new blockchain committee, which Beijing hopes will set standards for a national ledger. The catchily-named…
Decentralized Trading Platform Vega Wins $5m Seed Round
Vega, a decentralized trading startup, has won a $5 million Seed funding round led by Pantera Capital, a Bitcoin-focused venture capital fund. The money will help Gibraltar-registered Vega develop a protocol it…
Facebook’s Libra Cryptocurrency is Already Under Attack on Multiple Fronts
It has barely been two months since Mark Zuckerberg announced Facebook’s long awaited foray into the cryptocurrency market with Libra—but the platform already faces a raft of attacks from regulators and competitors.…
After 2017’s “Cowboy” Crypto Era, Iceland’s Miners Look Forward to a Divested Future
Last December, as bitcoin reached its highest price, Advania, Iceland’s largest data center provider, struggled under the weight of demand from foreigners desperate to tap into the country’s unique, crypto-friendly metrics. “We…
In the Shadow of a Crashing Economy, Venezuelans Find Solace in Dash
Venezuela is sinking into failed-state territory. Inflation is on course to reach a million percent, crime is epidemic, and neighboring countries are sending armed troops to the country’s border. Each day 2,500…
Steve Cohen Joins the Crypto Craze with New Arianna Simpson Fund
Billionaire Steve Cohen is jumping on the cryptocurrency bandwagon. Cohen, a hedge fund manager and founder of Stamford, CT-based Point72 Asset Management, is backing Autonomous Partners, a newly-formed fund in the crypto…
The Top Three Most Lucrative Countries For Bitcoin Miners
This year has been topsy-turvy for Bitcoin – but which one isn’t? Since December its value has dropped from $13,860 to $9,244, leading many part-time investors to pull funds from Coinbase and…