Cryptocurrency mining has been deemed by many to be energy-consuming. The ASIC miners used for the process utilize a significant amount of electricity for mining. In fact, the University of New Mexico published a paper elaborating on the hazards associated with cryptocurrency mining. Iran is one of the few countries to take note of theContinue reading “Iran offers bounties for exposure of illegal crypto-mining operations”

Abra, the cryptocurrency investment app and wallet, recently revealed that it would be offering 60 new cryptocurrencies to its users based in the United States, while doubling the bank deposit limit for its users. Following the development, Abra CEO Bill Barhydt appeared in an interview and expanded on how the platform got past regulators. RegulationsContinue reading “Facebook’s Libra will happen in some form: Abra’s Bill Barhydt”

Cryptocurrency mining equipment manufacturer, Canaan Inc., was recently in the headlines after news of its Initial Public Offering [IPO] application in the United States broke out. The firm filed an application seeking to raise $400 million on Nasdaq under the symbol CAN. However, according to a blog post, the China-based mining manufacturer is planning toContinue reading “Canaan updates IPO application; now plans to raise $100 million”

UPDATE: According to reports, Alipay’s Head of Public Relations has commented that the firm is not working with Lolli, nor is Any blockchain involved with Lolli’s Bitcoin rewards. AMBCrypto has reached out to representatives of both Lolli and Alibaba for clarity on the matter. The article will be updated accordingly. Following the same, Lolli has nowContinue reading “China’s Alibaba to offer Bitcoin rewards via Lolli app”

Cryptocurrencies’ volatility has been an obstacle to adoption; however, the sector introduced the concept of stablecoins to address the issue of volatility. Soon after which several countries, as well as mainstream companies, started looking into the capabilities of stablecoins. Previously in July, Canadian firm Blockchain Venture Capital Inc. had launched CADT, a stablecoin pegged toContinue reading “Canadian firm launches yet another stablecoin – CUSD”

Ripple has been all over the news; Swell conference may have played a role in this. Now, XRP makes headlines over its ever surging On-Demand Liquidity [ODL]. XRP liquidity index has been encountering new all-time highs almost every single day. This has been possible due to XRP ODL system on its Mexican corridor Bitso. MoreContinue reading “XRP Liquidity Index on Bitso drops to 4.73 million after continuous ATHs”

Roger Ver, along with several others, is part of the Bitcoin Cash [BCH] network, with all these community members working towards bolstering the BCH ecosystem. In fact, Bitcoin Cash recently regained its position as the fourth-largest cryptocurrency by market cap. In another attempt to stimulate the network, proponents of the network have scheduled an upgradeContinue reading “Bitcoin Cash awaits mid-November network upgrade after overtaking Tether”

The role of Bitcoin in the financial world still remains uncertain, despite having existed for over a decade now. Some view it as a store of value, while a few others describe it as a speculative asset. The coin is quite often described as digital gold due to its similarities with gold. The creator ofContinue reading “Stablecoins eliminate fear of volatility: ShapeShift CEO”

Social media platform, Facebook is often viewed as a revolutionary application as it went viral soon after its launch. The platform’s cryptocurrency project, Libra seems to be garnering the attention of several policymakers, however, for all the wrong reasons. Recently speaking at the Web Summit technology conference, Vice President of Product at Facebook’s Calibra unit,Continue reading “Libra won’t go viral like a social media platform: Calibra exec”

Binance, the Malta-based cryptocurrency exchange, has been at the forefront of implementing the latest developments in its ecosystem. The past few months have been very eventful for the exchange, following several partnerships and additions. This trend has continued after CipherTrace, a blockchain-oriented firm, revealed that it has extended support to Binance’s native cryptocurrency, BNB, asContinue reading “Binance Chain, BNB now supported by CipherTrace to bolster AML processes”

Facebook has been the talk of the town after it announced its cryptocurrency project, Libra. While many are skeptical of the project, several others remain bullish about the opportunities afforded by Libra. Mark Yusko, Founder and CEO of Morgan Creek Digital, revealed his position on Facebook’s cryptocurrency project in a recent interview. Yusko highlighted theContinue reading “Libra’s effect on fiat currencies fueling government’s fears: Mark Yusko”

Litecoin, the digital silver created by Charlie Lee, recently celebrated its eighth anniversary, with John Kim, Chief Evangelist at the Litecoin evangelist, appearing on What is Crypto podcast to expand on Litecoin’s journey over the years. Kim addressed the question of why the altcoin is labeled Litecoin, responding that it is a lighter version ofContinue reading “Litecoin, after Bitcoin, is the most liquid cryptocurrency: John Kim”