Warren Buffett is not, and won’t ever be into Bitcoin, claims Litecoin’s Charlie Lee

Out of all the promises made over the last decade, the crypto-ecosystem delivered two of them: a volatile market and persistent leadership. Although entrepreneurs have rooted for their own personal agenda, the cryptoverse has witnessed a new era of mutual inclusion. Highlighting this development, a recent podcast featured Litecoin’s Charlie Lee and Blockstream’s Samson Mow. Touching upon […]
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Source: AMB Crypto

Mainstream media has misled vulnerable users on the environmental impact of crypto-mining

Crypto’s mainstream adoption has not only unleashed a new paradigm for global finance, but also raised a fresh set of concerns for its sub-ecosystem, crypto-mining. In order to uncover the truth behind the impact of digital mining, Peter McCormack interviewed University of Cambridge’s Michel Rauchs to discuss the institution’s research on Bitcoin’s power consumption and carbon […]
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Source: AMB Crypto

France’s Autorité des marchés financiers gives green signal for ICOs

Recently, Malta and Belarus accepted and legalized ICOs. It now seems that France will be joining the bandwagon too. According to reports, the French government is exploring the realms of ICO and other related services in the country. France’s Autorité des marchés financiers is now prepared to license crypto-firms to raise initial coin offerings. However, […]
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Source: AMB Crypto

PayPal’s new mobile payments app may take the fight to Ripple

Many big-league players have started sorting through improved alternatives for fiat and cryptocurrency transactions. Recently, PayPal followed suit by launching its own mobile payments app, Xoom, in an apparent attempt to compete with Ripple. PayPal catapulted its e-funds transfer service to compete with Ripple, its blockchain-based rival, in the crypto-transactions segment. With Xoom, PayPal aims to […]
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Source: AMB Crypto

Vitalik Buterin weighs Bitcoin Cash Vs. Ethereum for network scalability

With the rise in crypto adoption, heavyweights of the crypto ecosystem are moving forward with the aim to improve the existing security standards and speed, in order to gain an edge over others. One of the major influencers in the crypto ecosystem, Vitalik Buterin shared his view to infuse a scalable data layer for detecting […]
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Source: AMB Crypto

Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch

While Facebook’s involvement with cryptocurrency has pulled in mainstream attention, it has overshadowed the decade-long innovations led by crypto technologists. In an effort to clear some of this fog, Tron CEO Justin Sun took to the Internet to share his recipe for success amidst the turbulent crypto market. Sharing his first secret, Sun said, “The […]
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Source: AMB Crypto

It’s game over for gold; crypto assets to capture a meaningful portion of $8 trillion gold market: Barry Silbert

Although financial systems have built on gold’s enormous usability and scarcity, Barry Silbert believes that handing over the wealth to the future generations will involve less use of the highly-valued metal. Arguing that gold shouldn’t weigh down a modern investor’s portfolio, he said: “It’s game over (for gold). Digital currencies like bitcoin are the future. […]
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Source: AMB Crypto

Max Keiser hints at the coming of a Monero-BTC duopoly in cryptospace

Given the plethora of coin offerings with niche differences, it is no secret that the financial ecosystem will be ultimately home to only a handful of names. In this effort, businesses have started rebuilding their ecosystems to ensure their coin maintains its future-ready status amid the rising competitions. Contrary to popular belief, prominent crypto enthusiast […]
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Source: AMB Crypto

Banks need to embrace opportunities and support use of blockchain technology, says Rakbank CEO

Peter England, CEO of Rakbank, made news after he stressed that banks around the world need to support firms that are developing blockchain technology. The statement from the CEO came during an interview with a local daily, the Arabian Business. The enthusiasm of the CEO towards blockchain technology is understandable as his own bank uses […]
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Source: AMB Crypto

Facebook’s pre-launch Libra announcement highlights intent to work with policymakers, says Hunter Horsley

News of Facebook launching its own cryptocurrency, Libra, caused quite a few ripples across the industry. Reactions were diverse, with some welcoming it, while others trashed it. And, these reactions weren’t limited to analysts alone as several industry bigwigs came out to put forth their views. Binance’s CZ had previously commented in favor of the […]
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Source: AMB Crypto

Samsung rolls out Ethereum-based SDK beta version; to launch official version soon

Samsung made its foray into the blockchain world this year after unveiling a cryptocurrency wallet for its Galaxy 10 flagship phone based on ETH and ERC-20 tokens, which also supported a few DApps. Earlier in June, Samsung also revealed that the company was involved in designing and manufacturing chips for Bitcoin mining, since the first quarter […]
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Source: AMB Crypto

First mover better prepared for world domination, says Binance’s CZ as he hints at Facebook-Tencent rat race

Just like any other disruptive technology, cryptocurrency required a decade to be viewed as not just a speculative and risky asset, but as the future of the world’s financial services. Today, with the entry of several financial and non-financial institutions into the crypto-space, many around the world are speculating what its role will be in […]
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Source: AMB Crypto

Iranian IT minister urges government to regulate bitcoin mining

Mohammad Javad Azari Jahromi, the country’s Information and Communication Technology Minister announced the need for a regulation on Bitcoin mining activities in the country. The news was reported by a local news agency, which highlighted a surge in the country’s power consumption due to increased mining activities in recent times. The report stated that experts have […]
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Source: AMB Crypto

Binance Charity Foundation announces strategic alliance to drive women empowerment with Pink Care Token

With Binance driving the crypto-adoption train, businesses finally have a trusted platform to realize game-changing partnerships. These partnerships also allow companies to pursue projects of the charitable kind. One such initiative is led by Binance Charity Foundation (BCF). CEO and Co-founder of Binance, Changpeng Zhao tweeted, “Pink Care Token is the first social-impact stablecoin issued […]
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Source: AMB Crypto

Bitcoin surges by almost 3% in an hour, Ethereum and Litecoin follow suit

The cryptocurrency market saw the prices of most cryptocurrencies surge after Bitcoin [BTC] posted significant gains after days of bearish movement. The coins that followed the king coin were Litecoin [LTC] and Ethereum [ETH]. Bitcoin [BTC] At press time, BTC was soaring by 2.99% within the hour and was priced at $11,503.48. The market cap […]
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Source: AMB Crypto