Month: August 2019

Ethereum Foundation Grants $2.46 Million to Network Developers

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The Ethereum Foundation (EF) announced that over $2.46 million in grants will be given to finance Ethereum 2.0 development. In a post published on the official blog on Aug. 26, EF announced that it has “granted financial awards to various client development teams. The teams in question are tasked with creating Test Networks (testnets) compatible with multiple clients as the first phase of development approaches. The funds will go to nine companies and researchers. Many companies received funding for client development, such as Harmony which has been awarded $189,000 for…

Investor in Overstock’s Blockchain Firm TZERO Backs Out

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Singaporean private equity firm Makara Capital said it will not invest in Overstock’s blockchain subsidiary tZERO. In an Overstock investor call on Aug. 26, Overstock’s interim CEO Jonathan Johnson said that Makara recently informed the firm that they “will be not investing in tZERO right now.” Medici Ventures will continue to support tZERO Johnson emphasized that Makara remains excited about tZERO’s product and will potentially reconsider its investment decision as tZERO progresses. In the meantime, Overstock’s blockchain-focused venture arm Medici Ventures will continue to support the project, Johnson stated. The…

Swiss Crypto Banks Receive Licenses From Financial Regulator

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The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks. Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the banks said in separate statements on Aug. 26. With the new license, Seba expects to officially launch its new trading platform platform in early October 2019, the company stated. Seba’s plans include the establishment of a digital asset platform for professional traders, firms and institutional clients, as well as custody storage and asset management.…

Is the Regime Responsible for Major Hacks?

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For many years now, the media periodically reports news regarding the alleged mischiefs pinned on the North Korean hackers that are seemingly detriment to target fintech businesses. But this fact seems quite odd, considering that the International Telecommunication Union estimated that the actual percentage of the population of the Democratic People’s Republic of Korea using the internet is close to zero. Definitively, it is an environment not favorable for nourishing the skills and ambitions neither of vicious cyber-criminals nor honest cyber-entrepreneurs. However, the North Korean case shows how cryptocurrencies —…

Crypto Analyst – CCN Markets

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By CCN Markets: Litecoin’s recent block reward halving was supposed to be a bullish catalyst for the LTC price. Unfortunately, the long-anticipated event failed to help the struggling cryptocurrency rally against Bitcoin. Instead, it merely provided even more ammunition for Litecoin critics. Litecoin halving the price lol — PonziBonziBb (@jerry4562) August 20, 2019 However, “Trader Max” (also known as “Bitcoin Jack“), the lead analyst at Bravado Trading, told CCN that he believes the Litecoin price is poised to surge 100 percent against Bitcoin. Litecoin Price Technical Analysis The Litecoin price…

Bitcoin Set to Retain Its Five-Figure Valuation: DeVere CEO

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It is usual for bitcoin to retain its five-figure valuation, says the founder of a $12 billion financial advisory organizations. DeVere CEO Nigel Green on Monday said that bitcoin had located a local bottom at $10,000, stating that the cryptocurrency has lingered around the same level for many times this year. But it has bounced back every time, which indicates that traders do not want to push it below $10,000 for far too long. Excerpts from Green’s statement: “Looking at its performance this year, I believe that the new normal…

Bitcoin’s Price New Bottom is $10,000, Says DeVere CEO Nigel Green

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Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting $10,300 levels. In general, he said that $10,000 is the new normal bottom for Bitcoin and that it soon can be expected to reach $15,000 for four reasons he elaborated on. In early 2018, deVere Group launched its crypto-related wing of the company called deVere Crypto. While Bitcoin now sits at $10,342 after a near 2% daily increase, Mr. Green notes: “Looking at its performance this year, I believe that…

Bitcoin’s Price New Bottom is $10,000, Says DeVere CEO Nigel Green

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Nigel Green, the CEO and co-founder of deVere Group, which is one of the world’s largest independent financial advisory organizations, predicted that Bitcoin price could hit $15,000 and that its new normal bottom is $10,000. Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting $10,300 levels. In general, he said that $10,000 is the new normal bottom for Bitcoin and that it soon can be expected to reach $15,000 for four reasons he elaborated on. In early 2018, deVere…

Binance CEO Denies Having Links with Ponzi Firms |

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Millions of cryptocurrency investors have fallen victim to a growing number of multilevel marketing scams over the recent years. In 2018, victims lost about $1.7 billion to companies that falsely promised to multiply their capital within a short period. The criminals used plenty of old-school and new tricks to lure investors into purchasing worthless cryptocurrencies. One of such methods were to attach the scam with a reputable entity, such as a firm, to gain investors’ trust. As it seems, Binance, the world’s largest cryptocurrency exchange, involuntarily became a tool to…

Binance Unveils Its First Crypto Lending Service Launching This Month

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Major crypto exchange Binance will launch its first crypto lending product on Aug. 28, 2019. According to an official announcement on Aug. 26, holders of Binance coin (BNB), Ethereum Classic (ETC) and Tether (USDT) will be able to lend their assets and earn interest through Binance’s new service called Binance Lending. The services will be available for subscription from Aug. 28 till Aug. 29, Binance noted in the announcement. Lending products will have an initial 14-day period. BNB will have the highest annualized interest rate of 15% while the rates…