Dan Dolev, an analyst with Mizuho, predicts PayPal to earn $2 billion in revenue by 2023 from Bitcoin alone, MarketWatch reported on Jan 15. Support for Cryptocurrencies is a Boost In late October, PayPal--a US-based payment processing company--announced their support for cryptocurrencies. They first allowed clients in the United States...

Bitcoin surged by 303% in the past year, breaking past its previous all-time high in Dec 2020. The growth was primarily spurred on by increased demand from the retail and institutional class amid mounting global inflation.  CoinGecko Report As per the 2020 CoinGecko yearly crypto report released on January 14,...

The Mobility Open Blockchain Initiative (MOBI), has joined forces with leading automobile manufacturers including BMW, Ford and others, to roll out a vehicle identity (VID) solution powered by distributed ledger technology (DLT). The team says the VID system will make it easier for stakeholders in the automotive ecosystem to track...

Japanese conglomerate Mitsubishi Electric is teaming up with Tokyo Tech to develop a blockchain-based peer-to-peer (P2P) energy trading system. From energy neighborhood concepts to rural electrification projects, blockchain technology continues to find significant adoption in efforts geared towards improving access to electricity across the world. Blockchain-based Digital Energy Platform Both...

Privacy coin Firo suffered a 51% attack on its blockchain network today. The unknown attacker reorganized more than 300 blocks on its blockchain during the course of the attack. Major attack on Firo Blockchain network The attack occurred in the early hours of Wednesday with Firo tweeting about it around...

Singapore, January 19, 2021 — Decentralized data network Bluzelle has confirmed the launch of its mainnet will take place on February 3. The debut of the Bluzelle network will mark the arrival of decentralized storage that can operate at massive scale, with super low latency, and with industry-changing anti-censorship features....

The latest research report released by Messari has revealed that the Asian region still dominates the cryptocurrency markets, with China leading the pack, despite the country’s overly strict, albeit draconian digital assets regulation. Asia Remains the World’s Crypto Giant Japan’s mysterious Satoshi Nakamoto started the cryptocurrency movement and it’s not...

The Dubai Financial Services Authority (DFSA) revealed plans to introduce policies to regulate the cryptocurrency industry.  DFSA’s Crypto Regulation in the Works According to local news media The National on Tuesday (Jan.19, 2021) the DFSA, the financial regulator of the Dubai International Financial Centre (DIFC), a financial hub for the...

The total crypto market cap added $82 billion to its value for the last seven-days and now stands at $1.008 trillion. The top 10 currencies showed mixed results for the same time period with Polkadot (DOT) and Chainlink (LINK) adding 83.7 and 34.3 percent to their values respectively while Bitcoin...

The total crypto market cap added $111.7 billion to its value for the last seven-days and now stands at $942.7 billion. The top 10 currencies were mostly in green for the same time period with Cardano (ADA) and Ripple’s XRP  adding 32.1 and 28.3 percent to their values respectively while...

Ethereum and the broader cryptocurrency market have seen mixed price action over the past few days and weeks. Ethereum Price is Surging Despite the selling pressure it has experienced at $1,200, ETH beat all odds and surged beyond $1,400, recording a new all-time high at $1,423.38.  At press time, the...

Crypto analysts have predicted that the price of ether (ETH) may reach another all-time high in the coming weeks, if the current plunge of ETH reserves on centralized exchanges is anything to go by.  Ether Reserves Fall by 27 Percent in 48 Hours  It's no longer news that the bull...