Altcoin Buzz

Bank of America (BoA) has sent an account closure notice to PayPal’s former CFO, Roelof Botha. And there seems to be no explicit reason behind unbanking him, just a 30-day notice. On Sunday night, Botha tweeted the letter he received from Bank of America. It states that “the decision is final." Source: @roelofbotha A series of tweets followed. David Marcus, head of...

The UK Jurisdiction Taskforce (UKJT) of the Lawtech Delivery Panel published a 46-page legal statement clarifying the status of digital assets in the law. The UK Jurisdiction Taskforce (UKJT) reportedly declared crypto assets as a tradable property under English and Welsh law. Accordingly, smart contracts stand as enforceable agreements. Quoting the statement: “We conclude that cryptoassets possess all the characteristics of...

In Hong Kong, the violent protests against the controversial extradition bill are continuing. And the fight is taking a new turn. Now, it has emerged that the banking behemoth HSBC has closed down a crowd-funding account that accepted donations for supporting the protests.  According to reports, the bank stated that “the use of the account does not conform with the...

MyEtherWallet (MEW) is adding new options. Its newest one includes multi collateral Dai, which is currently on a roll. According to MyEtherWallet Twitter handle, Maker Dao has launched multi-collateral Dai. The tweet reads "MEW will begin providing support for migration to MCD starting Tuesday next week (November 26th). https://twitter.com/myetherwallet/status/1196521428130000896 In a corresponding Medium post, the company states that the original Dai token...

ShardTalk is the interview segment of Altcoin Buzz gaming which connects our readers to people who are shaping the blockchain gaming space. In this episode of ShardTalk, we have the CEO of InFocus Games to share with us more about Pathfinders. Name: Pathfinders Genre: Sci-Fi shooter Quick Info: The latest and upcoming game on Enjin. https://youtu.be/v7k4KwfcywU Q: What made you decide to develop Sci-Fi (TopDown)*...

Cryptocurrency loan platform, Celsius Network has announced that the value of its crypto loans has reached $4.25 billion in total. Based on a press release, the Celsius network saw a 93% increase compared to August 2019. Additionally, the Celsius network also gained $450 million from customer deposits. And collateral from loans under management. Thus, it has seen a 50% increase in...

United States Federal Reserve has disclosed that stablecoins could serve as a new medium of exchange with global coverage. Stablecoins are in the loop. The Federal Reserve made this appraisal in its most recent Financial Stability Report. This sudden positive assessment by the US federal reserve is surprising. Stablecoins are usually backed by fiat, exchange-traded goods, and even other cryptocurrencies....

Bitcoin shopping app CEO Alex Adelman has lashed out at Alibaba for denying partnership with the BTC rewards application, Lolli. As we earlier reported Lolli partnered with the Chinese e-commerce giant to offer a 5% BTC reward to US-based shoppers. The BTC app announced the collaboration through its official website on the Chinese "Singles Day" celebration. Following the announcement, Alibaba spokesperson...

Blockchain gaming is still young. However, there have been many innovative and interesting developments in this space. The concept of blockchain gaming has been perceived by many as being able to loot blockchain assets or to use them within the game. Now, The Six Dragons (TSD) has added a whole new dimension of blockchain gaming. In an open world concept, having...

Entrepreneur, lawyer, philanthropist, and US presidential aspirant Andrew Yang has revealed plans to regulate cryptocurrency. This is according to a blog post published on November 14. Yang disclosed that the crypto industry isn't living up to its full potential because of regulatory imbalance. He believes cryptocurrency is a wonderful innovation and would be beneficial to all if properly regulated....