News & Blog

Google search for “Bitcoin” spiked after price drop 1024 500 Crypto Rand Group

Google search for “Bitcoin” spiked after price drop

Despite a considerable price drop, Bitcoin has sparked fresh interest from mainstream consumers.According to data from Google Trends, google search for “Bitcoin” and associated terms have increased in popularity conspicuously over the past week. “Bitcoin halving” back in the spotlight Currently, “Bitcoin” is at its highest search ranking since late October, when BTC/USD traded at…

Blockchain firms
25,000 Blockchain firms trying to issue crypto in China 1024 500 Crypto Rand Group

25,000 Blockchain firms trying to issue crypto in China

A Chinese senior official claims that tens of thousands of Chinese blockchain firms may have tried to issue their own cryptocurrencies. Led by the Chinese central bank, five financial and technology authorities jointly published the Bluebook of Blockchain on Thursday, outlining illegal and fraudulent schemes in the blockchain industry. Approximately 70 percent of blockchain firms…

crack down on cryptocurrency
Shanghai said to take measures against crypto-trading 1024 500 Crypto Rand Group

Shanghai said to take measures against crypto-trading

Shanghai headquarters of the People’s Bank of China (PBOC) said it will crack down on cryptocurrency trading in the municipality, according to a statement from the PBOC on Friday. The regulator also cautioned investors not to confuse blockchain technology with cryptocurrency, adding trading and financing through issuance of the cryptocurrency involves multiple risks. The remarks…

barrels of oil
Venezuela backing Petro with 30M barrels of oil instead of 5B 1024 500 Crypto Rand Group

Venezuela backing Petro with 30M barrels of oil instead of 5B

Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are ready for immediate commercialization to serve as a “liquid, physical, material backing” for the Petro.  The president announced the…

Indian crypto exchange
Indian crypto exchange bought by Binance 1024 500 Crypto Rand Group

Indian crypto exchange bought by Binance

Indian crypto exchange WazirX has been acquired by binance, bringing easier cryptocurrency access to a population of over one billion. According to an announcement published on Nov. 21, users will be able to use Indian rupees (INR) to buy and sell crypto via the Binance Fiat Gateway as early as Nov. 25. Major morale boost…

Mt.Gox
80,000 Mt.Gox stolen Bitcoins, Lost or “Hodled”? 1024 500 Crypto Rand Group

80,000 Mt.Gox stolen Bitcoins, Lost or “Hodled”?

The sixth richest Bitcoin wallet with nearly BTC 80,000 (c. USD 653 million) has been lying dormant ever since March 2011. The coins originate from the first major hack of the now bankrupt Mt.Gox exchange, and the owner of the wallet has never spent a sat, leading many to question whether its owner is an…

Chinese Fintech
Chinese Fintech companies to invest $1 Billion in Banking Blockchain technology 1024 500 Crypto Rand Group

Chinese Fintech companies to invest $1 Billion in Banking Blockchain technology

The 2019 International Financial Cooperation Forum was held at the National Exhibition and Convention Center in Shanghai, during the 2nd China International Import Expo (CIIE). Cao Tong, the chairman of the Chinese Fintech company Shenzhen Hande Financial Technology Holdings Co., Ltd (HDFH) was invited to attend the event and delivered a keynote speech entitled “Global…

Lamborghini rare cars
Lamborghini certifying rare cars on the blockchain 1024 500 Crypto Rand Group

Lamborghini certifying rare cars on the blockchain

Italian luxury sports car brand Lamborghini is using Salesforce Blockchain to authenticate heritage rare cars. Salesforce, a major global customer relationship management firm, announced on Nov. 19 that Lamborghini can now trace, certify and authenticate heritage cars faster and more securely using its blockchain platform. Launched in May 2019, Salesforce’s Hyperledger-based blockchain platform will now…

Hong Kong
HSBC closing Hong Kong protesters accounts 1024 500 Crypto Rand Group

HSBC closing Hong Kong protesters accounts

Soon after the Bank of America closed former Paypal’s CFO account, the HSBC is showing, yet again, a new example of the need for censorship-resistant currencies like Bitcoin. As the Hong Kong Economic Journal reported on Nov. 18, the British multinational bank recently closed a corporate account that was reportedly being used to transfer crowdsourced…

Bank of America
Bank of America freezing accounts, Bitcoin showing up as a solution 1024 500 Crypto Rand Group

Bank of America freezing accounts, Bitcoin showing up as a solution

The Cryptophere just found more examples, in the U.S. and Lebanon, that Bitcoin is better than traditional, centralized banking, like Bank of America. First, the U.S.-headquartered banking giant Bank of America (BoA) froze the accounts of ex PayPal Chief Financial Officer (CFO), prompting the Cryptosphere to share similar stories, but also a solution to the…

baby milk formula on the Blockchain
Nestlé to put baby milk formula on the Blockchain 1024 500 Crypto Rand Group

Nestlé to put baby milk formula on the Blockchain

Global food giant Nestlé has teamed up with French supermarket chain Carrefour to put baby milk formula on the blockchain. Using IBM‘s food-tracking blockchain software IBM Food Trust, the two firms will provide customers with transparent information for the GUIGOZ Bio 2 and 3 infant milk ranges, “from dairy to shelf.” Like other blockchain-enabled products,…

Turkish Lira
Binance adding Turkish Lira support, BTC, ETH and XRP pairs 1024 500 Crypto Rand Group

Binance adding Turkish Lira support, BTC, ETH and XRP pairs

You can now buy Bitcoin and other cryptocurrencies with the Turkish lira, on Binance, through its local digital wallet partner Papara.  The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao‘s (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange lira for…

China might start rewarding troops with crypto 1024 500 Crypto Rand Group

China might start rewarding troops with crypto

Rewarding the troops with cryptocurrency is currently being considered by the Chinese military chiefs. Soldiers executing their duties with merit could have crypto added into special digital wallets, while those who underperform may even have assets removed. The unique incentive scheme would be a world first, as well as a remarkable turnaround in attitude towards…

paypal ban
Paypal ban on PornHub might boost Bitcoin solutions 1024 500 Crypto Rand Group

Paypal ban on PornHub might boost Bitcoin solutions

Paypal abruptly banned a large number of performer from the top adult entertainment website, Pornhub, to use the payment system. In a blog post Thursday, Pornhub wrote: “We are all devastated by PayPal ban decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.” The company called on…

Unknown Fund
Unknown fund looking to donate $75 Million on Bitcoin to enhance privacy 1024 500 Crypto Rand Group

Unknown fund looking to donate $75 Million on Bitcoin to enhance privacy

A group of anonymous people created The Unknown Fund, which plans to invest and donate $75 million in bitcoin (BTC) to those startups working directly or indirectly on enhancing privacy. Announcing the news on Wednesday, the Unknown Fund said it would prefer startups working on four niches – personal data protection, tools for online anonymity,…