Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027.…
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and…
12-Month Mega Gains — A Dozen Crypto Assets Gained More Than 7,000% Since Last Year
The crypto asset bitcoin has seen a phenomenal year gaining 261.5% over the last 12 months and the second leading crypto asset, ethereum, rose by 819.9% since mid-November 2020. However, a slew of digital currencies saw much larger gains during the last 12 months and a dozen crypto assets have gained anywhere between 7,000% to…
$9 Billion in Bitcoin: Court Trustee Says Mt Gox Rehabilitation Plan ‘Final and Binding’
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses the “details of the specific timing, procedures, and amount of such repayments.” Mt…
FMFW.io Has Listed Audited Asset-Based Stablecoin – EURST
PRESS RELEASE. EURST will be listed on fmfw.io starting November 17th. The Euro representative digital coin you can purchase with FMFW.io with BTC and ETH pairs. Introduction to EURST Stablecoins, which have arisen due to the digital world’s development, are secured with assets, thus minimizing its price volatility. Simone Mazzuca took another initiative and created…
Iconic Staples Center, Home of Los Angeles Lakers, Changing Name to Crypto.com Arena
Staples Center, one of the most iconic and globally recognized sports and entertainment arenas in the world, is changing its name to Crypto.com Arena. Crypto.com has also become an official cryptocurrency platform partner of the Los Angeles Lakers and the LA Kings. Staples Center’s New Name Is Crypto.com Arena AEG, the owner of Staples Center,…