Insights of Crypto

2021-05-28 07:54:11 #Globant #BTC

IT giant Globant joins $500,000 Bitcoin purchase

The software development company, Globant, has filed documents with the SEC revealing an allocation of $500,000 in bitcoin. The firm has put the BTC investment into its portfolio of “intangible assets.”

Globant is an IT and software development conglomerate founded in 2003 and headquartered in Argentina. It has over e dozen offices worldwide, including in the UK, the UK, Brazil, India, Mexico, Spain, and more.

According to a recent filing with the US Securities and Exchange Commission, Globant has “purchased an aggregate of [$500,000] in crypto assets, comprised solely of bitcoin.” The allocation has happened during the first quarter of 2021.

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2021-05-27 20:49:44 #PayPal #BTC

PayPal is going to let users send BTC and other cryptocurrencies out of PayPal

PayPal will soon add support for third-party wallets and allow users to move their cryptocurrency assets wherever they please.

The payments firm, one of the most popular in the world, sent shockwaves through the crypto space when it announced users in the U.S would be able to buy and sell Bitcoin on its platform last year. The company has since added a feature for the purchasing of Bitcoin via its Venmo service.

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2021-05-27 20:48:06 #ETH #ADA

Charles Hoskinson to list 3 reasons why Cardano (ADA) is better than Ethereum (ETH)

Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption.

In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining a lack of vital qualities.

First, Ethereum can only process smart contracts while the rival Cardano can do that with governance and compliance. Hoskinson added that his project could operate with metadata and also with automated regulation. Moreover, he concluded that Cardano was created to bring identity to the blockchain system.

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2021-05-27 20:44:55 #BitcoinMining #China

China’s crackdown on BTC mining is becoming real

After barring the use and trading of cryptocurrency, Beijing has indicated that it will turn next to cryptocurrency mining.

China’s vice-premier Liu He last Friday said the government would clamp down on bitcoin mining and trading to achieve financial stability but stopped short of revealing specific policies. This week, Inner Mongolia, an autonomous region in northern China, issued draft guidelines on its plans to ban crypto mining, offering the first details about how authorities intend to execute this latest stage of the crypto crackdown.

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2021-05-08 14:13:43 #BitcoinMining #Iran

Iran’s central bank bans the trading of bitcoins mined abroad

The Central Bank of Iran (CBI) has prohibited the trading of Bitcoin and other cryptocurrencies mined outside the country, according to a report from news outlet Iran International.

At first glance, the move is a formality, as Iran had already effectively banned open trading of cryptocurrency. However, it may signal the intent of Iranian regulators to counter the removal of capital from the country.

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2021-05-08 14:11:52 #CryptoExchange #USA #SEC

SEC Chairman Hints At Strengthening Regulatory Oversight For US Cryptocurrency Exchanges

Recently confirmed U.S. Securities and Exchange Commission chair Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act within its purview.

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2021-05-08 14:03:29 #DeFi #DecentralizedFinance

The Federal Reserve Bank says DeFi has sparked a “wave of innovation”

The Federal Reserve Bank of St. Louis says decentralized finance (DeFi) has “unleashed a wave of innovation” that could create a more transparent financial infrastructure in the future.

DeFi is an umbrella term for a broad push to create crypto-based projects that automate and remove middlemen from traditional financial services like borrowing and lending, derivatives, margin trading, and insurance.

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