With the launch of Venezuela’s state-sponsored Petro token less than two weeks away, it’s hardly surprising that Venezuelan President Nicolas Maduro is looking to get other major financial players to support it. According to a new report from Al Jazeera, Maduro plans to court members and non-member states of the Organization of the Petroleum Exporting […]
Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]
Earlier this week, we reported on rumors that Samsung appeared to be entering into the cryptocurrency mining market, creating a new line of dedicated ASICs. While unnamed sources within Samsung confirmed the move to South Korean news agency The Bell, many details were still unclear.
Awareness of blockchain is at an all-time high, thanks almost exclusively to the increasing price of cryptocurrencies, which are themselves a byproduct of the young technology but also harmful to its good name. Speculative assets like bitcoin and Ethereum have stolen the thunder of the architecture supporting them, yet even so, innovators in several industries […]