Day: September 10, 2019

40% of Millennials Look to Crypto in the Event of Recession

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New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession. In a news release shared with Cointelegraph on Sept. 10, multi-asset investment platform and social network eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States. Respondents aged between 20 and 65 years represented Generation Z, millennials, and Generation X. The survey found that more than two-thirds of U.S.-based investors are afraid of a recession, and would consider converting part of…

VanEck Bitcoin Trust Fails to Capture Assets and Attention

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Almost six days after the launch of VanEck’s structured bitcoin investment product for institutions, it has only managed to raise $41,000 or four bitcoin, September 9, 2019. Bitcoin ETFs have been a focal point of the investment scenario around digital currency, so to see such a poor response from institutional investors is surprising. This stands to show that regulatory uncertainty has even the biggest institutions second-guessing exposure to bitcoin.  Poor Start to Fund Raising VanEck and SolidX launched a Bitcoin Trust, an investment product that is essentially an ETF, but…

Arbitrage Trading in Crypto, Explained

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2. Yes — it’s the same concept, but with different assets at play. There are countless exchanges around the world now offering consumers the chance to purchase crypto. But here’s the thing: There can be significant differences in the prices on offer for digital currencies such as Bitcoin (BTC). Such inefficiencies normally arise in regions where crypto is in high demand. One of the most oft-quoted examples is the “Kimchi Premium.” Here, local traders in South Korea ended up paying more for Bitcoin in terms of USD than they would…

Report: LG Seeks to Enter the Crypto Market with Blockchain Phone

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The South Korean news outlet IT Chosun reports that the multinational electronics company LG will release blockchain friendly smartphones as part of its next round of launches. Anonymous officials from the company have apprised the local media outlet about a now-concluded market research that the company has conducted, and its preparations to launch a blockchain-oriented smartphone. It was also reported that LG is collaborating with local decentralized application (dApp) developers to come up with marketable use cases for its new concept of blockchain-ready mobile phones. The reporting comes roughly a…

Libra Must Comply with Anti-Money Laundering Standards: US Treasury

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Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported Mandelker’s remarks on Sept. 10. Cryptocurrencies must comply Per the report, U.S. Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker also told reporters in Geneva that any cryptocurrency — including Libra — operating in the U.S. has to satisfy local regulatory standards. Regulators are concerned by Libra Global financial regulators are concerned about Libra, with…

Trading Bitcoin Is Hard — 10 Things Every Beginner Trader Must Know

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We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in a matter of months, flipping altcoins and making 100x on investments daily.  Moon. Lambo. To the outside observer, this seems like an easy and sure way to get rich quick. They leave their jobs to become “professional crypto traders,” even before learning the basics of trading and managing risk. We all know how this story ends. Being a trader in…

South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume

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Major South Africa’s crypto exchange Luno has continued growing, having processed more than $5 million worth of crypto in August 2019. Marius Reitz, general manager for Africa at Luno, claimed that over 80 million South African rands ($5.4 million) worth of crypto has been completed on Luno’s South African platform on a daily basis in the last month, local tech publication TechFinancials reports Sept. 10. Three million wallets milestone Reitz reportedly stated that South Africa is one of the Luno’s strongest markets, noting the rising appetite for crypto trading in…

Computing Legend Steve Wozniak To Launch Blockchain Energy Project – EFFORCE

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In the coming months, a team of visionaries, including Apple’s co-founder Steve Wozniak, is about to launch EFFORCE – a revolutionary blockchain platform that aims at increasing energy efficiency by allowing everybody to participate in and benefit from worldwide energy efficiency projects. advertisement Co-founder Steve Wozniak said: “In the last 10 years, energy consumption increased exponentially worldwide due to an ever-growing population. This has contributed significantly to climate change and the extreme consequences on our environment. Therefore, improving productivity while reducing energy consumption is the answer. This is energy efficiency.…

Computing Legend Steve Wozniak To Launch Blockchain Energy Project – EFFORCE

boss

In the coming months, a team of visionaries, including Apple’s co-founder Steve Wozniak, is about to launch EFFORCE – a revolutionary blockchain platform that aims at increasing energy efficiency by allowing everybody to participate in and benefit from worldwide energy efficiency projects. advertisement Co-founder Steve Wozniak said: “In the last 10 years, energy consumption increased exponentially worldwide due to an ever-growing population. This has contributed significantly to climate change and the extreme consequences on our environment. Therefore, improving productivity while reducing energy consumption is the answer. This is energy efficiency.…

Scalability Problem Solved with RIFT Protocol

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Blockchain progression is stopped short with clogged transactions as exemplified by Bitcoin. From 2017, the rising transaction costs, security risks, delays in transfers and losses in trade opportunities made interests on transitioning businesses to blockchain wane to a standstill.  The unsolved problem of scalability is emerging as a bottleneck to blockchain adoption and practical applications, but now a solution has been created to put an end to the scalability issue: RIFT Protocol.   RIFT Protocol is the foundation and basis of DCB (Decentralized Cloud Blockchain). In other words, RIFT Protocol…