‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu

Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central banks’ loose monetary policy infecting the world will bolster the value of financial technologies. Also read: Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’ Slow Growth and Bitcoin’s Price Top The cofounder of Bitmain, one of the largest ASIC mining rig manufacturers…

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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It KB Kookmin Bank Registers Trademark for a Wide Range of Crypto Services One of the largest banks in South Korea, KB Kookmin Bank has filed a registration…

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Singapore Allows Crypto Companies to Operate Without a License for 6 Months

The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It License Exemption Under Payment Services Act Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), published this week a list of companies that have been…

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Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit

Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed. Also read: Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’ Plaintiffs Accuse Ripple Labs CEO of Selling XRP After Telling the Public He Was ‘Long XRP’ On March 25, the plaintiffs suing Ripple Labs filed an amended complaint with the court against the company’s CEO Brad Garlinghouse. According to…

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Vermont Rapper Releases Hip Hop Track ‘#Freeross,’ Ulbricht Petition Nears 300K Signatures

Southern Vermont-based hip-hop artist, Krypto Man, has released a new single called “#Freeross” in hopes to get Ross Ulbricht released from prison. Krypto Man is a well known rapper on the east coast and revenue from the song will be donated to the nonprofit Freeross.org. Ross Ulbricht has also gathered more than 279,000 signatures so far for his clemency petition hosted on the website Change.org. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Vermont Hip Hop Artist Krypto Man Drops a New Single Called #Freeross…

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Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History Miners Sell More Bitcoin Than They Generate On March 26, news.Bitcoin.com reported on how miners witnessed 45% of the overall hashrate shaved since Feb. 29 and miners also dealt with the second largest difficulty drop…

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Prestmit, A Platform For Nigerians To Buy & Sell Gift Cards And Bitcoins

Due to the advancement of cryptocurrency and the widespread of gift cards in the Nigerian market, Prestmit, a Nigerian platform, now provides the absolute solution that gift cards and bitcoin enthusiasts within and outside the country have been looking forward to. Talking to the CEO of Prestmit, the firm ensures that customers get credited in less than 5 minutes as the payment system is automated, adding that such feat has seen the two-year-old company boast of over a thousand daily transactions. “We have observed that the best way to grow…

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Making Bitcoin Go Viral: Endless Printing Could Trigger Hyperbitcoinization

Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it requires human action. Also read: Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset Contagious Currency The current covid-19 panic and pandemonium gripping the world has brought economic issues to the forefront…

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Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’

The cryptocurrency economy has been slowly rising toward a $200 billion market capitalization again following the grueling global market carnage that started on March 12. Most of the top ten cryptos are closer to the prices they held before ‘Black Thursday’ and there’s also a slew of unknown coins that have seen considerable gains so far. Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs Unknown Crypto Coins Shine During the Last 30 Days The entire market valuation of all 5,000+ digital assets has been hovering…

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$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism and Drug Trafficking

The U.S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.” The U.S. government is offering rewards of up to $15 million for any information leading to the arrest or conviction of Maduro. Also read: 2x Bitcoin: Wanna Double Your BTC to the Moon? Forget About It US Charges Maduro and Other Top Venezuelan Government Officials The U.S. Department of Justice (DOJ) announced on Thursday that 14 high-ranking Venezuelan officials, including President Nicolas Maduro Moros, have been…

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