Day: September 26, 2018

Porsche Increases Investments in New Technologies With Focus on Blockchain and AI Startups

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German automobile manufacturer Porsche AG will increase in its investments in startups — with a focus on blockchain and artificial intelligence (AI) — by around $176 million over the next five years, according to a company press release published September 25. The increase in Porsche’s total investment in venture capital activities for next five years was prompted by the need to “gain access to trends, new technologies and business models,” the press release notes. The investments will be aimed at “early and growth” stage businesses that relate to “customer experience,…

Google Cryptocurrency Ad Ban Lifted

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Big news has just been announced regarding the Google cryptocurrency ad ban. CNBC reported this morning that Google (NASDAQ:GOOGL) is lifting its ban on some cryptocurrency-related advertising and plans to allow regulated cryptocurrency exchanges to buy Google ad space in the US and Japan. This new policy will start October 1st, 2018. Google Cryptocurrency Ad Ban Google announced its plans to restrict cryptocurrency-related ads back in March of this year, but it did not go into effect until June. The company wanted to protect consumers from fraud. Even now, with…

Bitmain’s quest for a multi-billion dollar IPO will take off from Hong Kong

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Bitmain, the largest cryptocurrency mining firm, has finally revealed that its quest for a multi-billion dollar IPO will take off from Hong Kong.  This was after the firm filed an application proof with the Stock Exchange of Hong Kong Limited. This becomes the first time Bitmain opens its financial books for public scrutiny. According to the filed documents, the firm made a profit of $742 million for the first six months of 2018. The records which were filled today, Wednesday 26, indicated that most of the profits came from the…

Ukrainian National Bank Considering Launching State Digital Currency Tied to Local Fiat

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The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on blockchain, local news outlet Vesti Ukraine reported Tuesday, September 25. NBU says that the blockchain-based hryvnia, or e-hryvnia, has to be centralized and remain under government control, Vesti Ukraine writes. The state-backed coin is expected to increase the rate of non-cash payments, along with reducing their cost. Ukraine has brought up the “digital coin” idea several times already within the framework of project called the “Cashless Economy”. For instance, NBU had revealed plans in January…

Margin Trading, Explained | Cointelegraph

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1. This is where you make trades using money borrowed from someone else – or a brokerage. While the potential rewards can be high, there are some sizeable risks that investors need to contend with too. Let’s start with an example using dollars. Imagine you have $50. Margin trading is where you leverage $500 based on this sum of money in your pocket. As you’d imagine, the principle in the cryptocurrency world is quite similar. Let’s say you want to buy Ethereum worth $1,000, but you’ve only got $500 available. Through…

Crypto Markets See Another Flush of Green, Ripple and Bitcoin Cash Grow Significantly

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Wednesday, September 26: following a slight sell-off, crypto markets are seeing another flush of green with virtually all of the top 100 cryptocurrencies by market cap in the green. Gains among the top 20 coins by market cap are reaching over 20 percent over the past 24 hours to press time. Market visualization from Coin360 Bitcoin (BTC) is slightly up and trading above $6,500 price point today. The leading cryptocurrency increased by about 2 percent over a 24 hour period, and trades at around $6,524 at press time, seeing around…

Bitcoin Price Technical Analysis: BTC/USD Confirms Inverse H&S

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Bitcoin on Wednesday rose over 3.5 percent against the US Dollar on a bounce back from previous day’s low towards $6,330. The BTC/USD on 1H timeframe has just confirmed the completion of an inverse Head & Shoulder (IH&S) pattern with neckline situated near 6500-6515-fiat area. A buy stop order above the neckline has brought us a decent profit already. We are now in a breakout phase which traditionally has a probability of being false in case of an IH&S pattern. Waiting for a retrace could be ideal at this point of…

Japanese Regulator Grants SBI Ripple Asia a Payments License for Blockchain-based App

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Financial services company SBI Holdings announced it had secured a license from Japanese regulators for its joint money transfer operation with Ripple in a statement Wednesday, September 26. SBI Ripple Asia, a venture under development with Ripple since 2017, now has permission to handle electronic payments as an “Electronic Settlement Agency Service Provider” under legislation rolled out in March that year. According to SBI’s statement, its smartphone app MoneyTap — which will allow users to send payments using a platform based on distributed ledger technology (DLT) — is now closer…

Bitmain Files Draft Application for Listing on Hong Kong Stock Exchange

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Chinese crypto mining giant Bitmain has filed a draft application for listing the company’s shares on the Hong Kong Stock Exchange (HKEX), according to an official application document published Wednesday, September 26. Bitmain has provided a draft application proof that is required for public listing on the HKEX, aiming “solely” to disclose information to the public in Hong Kong, and “not for any other purposes.” By providing a detailed business overview, Bitmain has stressed that the application proof is represented in a draft form, as it is a subject to…

Public Records Show US Government Tripled Investment in Blockchain Analysis Firms in 2018

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New research into publicly available records shows that U.S. government agencies have tripled their investment in blockchain intelligence firms this year, according to a Diar report published September 24. As Diar outlines, blockchain analysis can be used by financial institutions or banks to track compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. The analysis can equally be used as a “digital trail” that provides law enforcement agencies with actionable intelligence, allowing them to potentially counter illicit activity that would otherwise remain concealed behind pseudonymous crypto wallet addresses. U.S. government…