Day: September 4, 2018

Investment Firm Denies Involvement In Bitmain IPO Following Erroneous Media Reports

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Singapore-based investment company Temasek has officially denied involvement in the cryptocurrency mining giant Bitmain’s Initial Public Offering (IPO), according to an official statement August 30. Last month, media reported that Temasek was one of the key investors in the Bitmain pre-IPO funding round. The investment firm’s commitments for the pre-IPO allegedly totalled $560 million. In response to the reports, Temasek stated: “We’ve seen commentary about an IPO involving a cryptocurrency company, Bitmain. Temasek is not an investor in Bitmain, and has never had discussions with, or an investment in Bitmain.…

Deutsche Bank Institutional Trader Joins Japanese Crypto Startup

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A former Deutsche Bank trader has joined Japanese crypto exchange-startup FXcoin Ltd., Bloomberg reports September 3. According to the announcement, Yasuo Matsuda, an institutional trader from Deutsche Bank, will join FXcoin as a senior crypto strategist starting in September 2018. The strategist position includes providing analysis of crypto markets and daily reports on the market’s activity. The newly appointed 49-year old Matsuda worked as foreign-exchange dealer at the German bank from 2012 until this June. FXcoin Ltd., founded in September 2017, is currently seeking regulatory approval from Japan’s financial regulator…

Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

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China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world in 2017 came from China, with the United States a distant second with 22 percent. Combined with the rapid rise in blockchain patent filings from 134 in 2016 to 406 in 2017, the data tells…

Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

boss

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world in 2017 came from China, with the United States a distant second with 22 percent. Combined with the rapid rise in blockchain patent filings from 134 in 2016 to 406 in 2017, the data tells…

Litecoin, EOS, Stellar Lumens, Tron, Monero Price Analysis

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Of all coins under our radar, EOS, Monero and to some extent Litecoin shows some promise. Not only are they shaking off sellers but their week-over-week movements are decent while others as Monero are trading above key resistance levels. In all, there is expectation of bulls mostly due to resurgence of BTC prices and coin specific fundamentals as IBM’s Blockchain Wire World which likely inject bulls on XLM. Let’s have a look at these charts: EOS Price Analysis EOS Daily Chart by Trading View After a rampant week where EOS…