Blockchain Archives

Turkey Says “No Thanks” and Bans Crypto Payments

By Edward — April 21, 2021 Leave a Comment

Turkey has now announced that they are introducing a ban on payments using cryptocurrency. The Bitcoin price has dropped somewhat since the announcement and currently sits at around $56k, down from an all-time high of above $63k last week. The Central Bank of the Republic of Turkey (CBRT) has warned that cryptocurrencies or other crypto assets will be prohibited as a form of payment, both directly and indirectly, for the purchase of goods and services within the country. This ban will come into effect on the 30th of April, 2021.

Kraken CEO Warns of Crackdown on Cryptocurrency

By Edward — April 14, 2021 Leave a Comment

Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.

Coinbase About to Make its Public Debut on Wall Street

By Edward — April 13, 2021 Leave a Comment

Tomorrow, on April 14, 2021, the US-based crypto exchange Coinbase will be going public with its much anticipated IPO. The crypto market is preparing anxiously for this event as the Bitcoin price has reached nearly $62,000 over the last week and the total cryptocurrency market capitalization has exceeded $2 trillion. The company has been showing incredible results throughout the first quarter of 2021 with an estimated profit of $730 million to $800 million. This shows double their profits for the entire 2020 which was $322 million in a total revenue of %193 billion.

A Digital Dollar for the Eastern Caribbean

By Edward — April 9, 2021 Leave a Comment

In order to speed up transactions and assist residents without bank accounts, the Eastern Caribbean financial authorities have developed their own digital asset. This digital currency was developed by a fintech company in Barbados by the name of Bitt in partnership with the Eastern Caribbean Central Bank. This currency differs from regular cryptocurrencies as it is issued by a central bank and has a fixed value tied to the Eastern Caribbean Dollar.

Crypto Market Cap Breaks $2 Trillion

By Edward — February 3, 2025 Leave a Comment

Monday 5 April 2021 will go down in history as the day when the total market capitalization of the digital asset industry peaked at over $2 trillion. This is an all-time high for the crypto market and reflects the recent increase in investment demands from major companies in both the institutional and retail sectors. Bitcoin has managed to hold a $1 trillion market cap for an entire week which has helped to lead the surge in the overall crypto market value.

Cardano: the new crypto coin on the block

By Jakob — July 7, 2022 Leave a Comment

Crypto casino players now have a new altcoin to play with – Cardano’s ADA. If you’re an ADA user you can dabble with it at 1xBit, True Flip, Betmaster, Bitcoin Casino, Crypto Games, Fortune Jack, and Betcoin. This cryptocurrency has positive predictions and has been welcomed onto the cryptocurrency scene by many investors.

SoftSwiss Anti-Fraud Ensures Safe Crypto Gambling

By Edward — March 31, 2021 1 Comment

Since July 2020, Softswiss has resolved over 70 fraud-related cases worth over €370,000! The past nine months have shown excellent results in the battle against crypto gambling fraud. And the future looks bright when it comes to preventing these occurrences.

Visa Explores Value of Blockchain with Crypto.com

By Edward — March 30, 2021 Leave a Comment

Visa has announced the development of a pilot program that would allow its users to settle transactions with cryptocurrencies by utilizing Ethereum blockchain. As large corporations start exploring the use and benefits of cryptos within their industries, we could see blockchain technology becoming a big part of everyday life in terms of trade and commerce.

Casino and Crypto Exchange Signing Major Sponsorship Deals

By Edward — March 28, 2021 Leave a Comment

NFL franchise New Orleans Saints and the McLaren F1 team are both exploring options outside of the norm by signing massive sponsorship deals with a casino and a crypto exchange. The First Casino Named NFL Stadium In 2011, Mercedes-Benz signed a 10-year deal for the naming rights to the Superdome arena, worth up to $60 […]

The BitClout Controversy

By Jakob — March 25, 2021 Leave a Comment

How far will the crypto community go? BitClout is a social media network where users can buy and sell celebrity NFTs where the value increases and decreases as per the reputation of the celebrity. What’s more, is that these celebrities like Elon Musk, did not have to consent to this commoditization of his image.

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