Bithumb, the biggest crypto exchange in Korea has officially sold over 38% of its owned shares to the BK Group making it the biggest shareholder as the deal is pushed through. The deal was facilitated by the BTC Holdings company which owned a huge 76% stake in the crypto exchange. Selling 50% of its shares and adding 1 share to finish the deal, BK Group, originally a plastic surgery firm, has become a major shareholder.…
Lightning Network- Technological advancement has overtime formed the core of all key spheres, with a constant upgrade of existing technology to portray new findings, address flaws or lags and incorporate new features all aimed at providing end users maximum utility through adoption. An Insight The cryptocurrency sphere has in recent times seen lots of technological upgrades with emerging products across niches amid calls for improved services by investors, developers, miners and end users. Most paramount herein…
Buda exchange, one of Chile’s largest cryptocurrency exchanges by trading volume has recently introduced support for Lighting Network payments (LN) on its platform. Buda looks to enable users experiment with the second layer scaling solution. According to the exchange’s publication, users will be able to make payments via the Lightning Network using funds deposited on the exchange. To complete the payment process, users will need to get an invoice from a vendor accepting LN payments…
The Winklevoss twins have been known for their innovations in bringing crypto tech mainstream, but the Gemini exchange remains the crown jewel in the empire they built. In promising news, the Gemini exchange is set to support insurance cover for consumer assets. Consumers are looking for the same levels of insured protection they’re used to being afforded by traditional financial institutions. Educating our insurers not only allows us to provide such protections to our customers,…
Soulja Boy, popular American rapper with a huge fan base has released a new album titled Young Drako. The album which features traditional rap tracks and other artiste collaborations; also features a major talking point; with one track off the album titled ‘Bitcoin’. The track titled Bitcoin, focuses on the artists’ love for cryptocuerrency as well as an insight into his purported success while making money as a trader. The song was uploaded yesterday on…
Hublot, a Swiss luxury watch brand has released a new product called the Big Bang Blockchain Watch. This new model was launched to celebrate the 10th anniversary of Bitcoin (BTC) creation. This latest release is a special limited edition and will have only 210 pieces designed and available for purchase to the public; with only digital currency, Bitcoin (BTC) as the permissible currency for payment though a few more options are been considered to include Ethereum,…
Popular English board game, Scrabble has included ‘Bitcoin’ as a playable word in its latest edition as featured on the Merriam-Webster’s Dictionary. Bitcoin was first added to the Merriam-Webster’s unabridged dictionary in 2016, however the Scrabble dictionary which is updated occasionally (Four years) had not included it previously and only just debuted Bitcoin in this latest update (Sixth version). This recent update to the scrabble dictionary also featured an addition of over 300 newly accepted…
Bitmain CEO, Jihan Wu, has officially announced the successor to its current lineup of crypto mining chips. Titled the BM1391, the chip is one of the first developed to employ the 7nm architecture for extra power at a reduced energy demand. Mining operations ASIC technology remains the weapon of choice for those looking to mine bitcoin and other altcoins. Developed specifically to mine crypto, ASIC significantly outperforms traditional mining hardware including the likes of graphics…
Bitcoin and the crypto ecosystem has been branded wild west by the prominent MP’s in the UK. Also calling for the FCA to begin regulation of the current crypto markets, a report released by the parliament outlined the possible benefits which could result from responsible application of regulation. “It’s unsustainable for the Government and regulators to bumble along issuing feeble warnings to potential investors, yet refrain from acting…At a minimum, regulation should address consumer protection…
In the wake of the recent surge of publicity and as mass adoption looks more feasible by the day, the Cryptocurrency market is at this time a booming economic and financial business sector. References can be seen with respect to increased profits for crypto firms, user influx, more crypto jobs among other gains. This increase in crypto faithful has brought about a corresponding need for easy access to trading (Buy/Sell) of these digital assets…