Day: September 17, 2019

Deflation with Negative Interest Rates Is Bullish for Bitcoin – CCN.com

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The European Central Bank (ECB) is the modern architect of negative interest rates. | Image: AFP PHOTO / JOHN THYS The world is slowly descending into the age of deflation. Under this condition, central banks adopt a negative interest rate policy (NIRP). In other words, those who park their cash in banks must pay interest. This forces many citizens to invest their excess cash in assets such as stocks, commodities, or even cryptocurrencies. In 2014, the European Central Bank (ECB) embraced NIRP. The Bank of Japan followed suit in 2016.…

Blockchain Being Used to Turn Ocean Plastic Waste Into Eco-Fabrics

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Dutch green fabrics firm Waste2Wear is launching the world’s first collection of fabrics made from ocean plastics traceable via blockchain today. Demand for tracing recycled materials The exhibition is taking place from Sept. 17 to Sept. 19 in Paris at the international textile fair Première Vision, American fashion-focused publication FashionUnited reports today. First revealed on Aug. 20, the collection was specially developed by Waste2Wear in a move to follow customer demand for traceability of recycled materials used in fabrics. The company announced the launch of a beta version of its…

AOFEX to Strengthen the Protection of Investors’ Rights and Interests

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According to a recent survey conducted in the UK, about 20% of rich young people (born between 1981 and 1996 with at least £25,000 in investable assets) hold BTC or other digital currency.  The proportion of British holding digital assets, which accounts for about 3% total population, shows that the proportion of young people holding digital assets is much higher than the whole national average. If invest-able assets were raised from 25,000 to 75,000, the proportion of eligible young people investing in digital assets would be increased from 20% to…

AOFEX to Strengthen the Protection of Investors’ Rights and Interests

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According to a recent study, wealthy young people have a prominent proportion of investment in digital assets. AOFEX is here to enhance the protection of rights and interests of investors. According to a recent survey conducted in the UK, about 20% of rich young people (born between 1981 and 1996 with at least £25,000 in investable assets) hold BTC or other digital currency.  The proportion of British holding digital assets, which accounts for about 3% total population, shows that the proportion of young people holding digital assets is much higher…

Big Four Auditing Firm Deloitte Allows Staff to Pay Lunch in Bitcoin

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Big Four auditing firm Deloitte is now allowing its staff to pay for food in the cantine using a mobile Bitcoin (BTC) wallet. English-language local news outlet Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how the audit giant could use the cryptocurrency.”  Partner at the advisory arm of the company Laurent Collet commented on the project: “We think it’s good to have our employees assess this new technology.” Only an internal test That said, Collet also noted that there are no…

Bitcoin Price at $10.2K Deadlock as Ether Continues Surprise Bull Run

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Bitcoin (BTC) stayed flat on Sept. 17 as another day of motionless trading continued the largest cryptocurrency’s stay at around $10,200.  Market visualization. Source: Coin360 Bitcoin price slowly erodes support above $10K Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320.  As Cointelegraph reported, a longer period of low volatility saw only a brief interruption on Monday, when BTC/USD suddenly shed around $200. A subsequently rebound to previous levels slowly faded, leading to press time rates of…

Binance Makes First Chinese Investment Since Leaving Country in 2017

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Crypto exchange giant Binance has made its first strategic Chinese investment after leaving China amid the local crypto trading ban back in 2017. Founded in China in 2017, Binance has participated in a $200 million funding round of Beijing-based Mars Finance, a local crypto and blockchain publication, Bloomberg reported on Sept. 17. Binance invests in crypto media According to the report, investors also included Singapore-based Matrixport, recently founded by former CEO of Bitmain, and Beijing-based venture capital (VC) firm Ceyuan Ventures. Following the news, Binance CEO Changpeng Zhao tweeted to…

Binance Makes Strategic Investment Into Chinese Crypto-News Website Mars Finance

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For Binance, Mars Finance is the first strategic investment in China since 2017, when Beijing banned digital coin trading and the exchange withdrew from this market. One of the world’s most popular cryptocurrency exchanges Binance has made its first strategic investment in China. The company has invested in Mars Finance, a news platform that focuses on the blockchain and cryptocurrency sector. As has been reported by Bloomberg, the investment is a part of Mars Finance’s funding round that valued the platform at about $200 million. According to the co-founder of…

AssetBlock Tokenizes $60M of Real Estate on Algorand’s Blockchain

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Blockchain real estate investment firm AssetBlock launches its commercial real estate investment platform on Algorand’s (ALGO) blockchain. According to an AssetBlock press release published on Sept. 17, the firm partnered with luxury hotel asset manager Lodging Capital Partners (LCP) to tokenize $60 million of exclusive hotel properties on Algorand. Opening real estate investment to everyone As a result of the partnership, crypto-savvy investors will have access to properties that are unavailable to the public and will be able to exchange the blockchain’s native tokens for those assets.  CEO and founder…

Superior Style Home Improvements fined and issued with enforcement notice

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The Information Commissioner’s Office (ICO) has fined a Swansea double-glazing company £150,000 for making nuisance calls. Superior Style Home Improvements Ltd called people over an 11 month period whose numbers were registered with the Telephone Preference Service (TPS) and who had not given their consent to receive them. The ICO has also issued an Enforcement Notice warning them to stop making the calls. Dave Clancy, of the ICO’s investigations team said: ”Companies engaged in this illegal activity should take note,  we will take action against those that continue to disregard…