How the crypto industry can (and has) influenced the premier gathering of the world’s economic and political elite. Source
Month: January 2020
United Africa Blockchain Association Plans to Fire Up Blockchain Adoption
The United Africa Blockchain Association (UABA) through its events and training programs, has the vision to educate one million people across the African continent about the impact of blockchain technology over the coming years. “Our training & mentorship programs enable students to learn about how blockchains work as an enterprise solution. Other initiatives we run include diversity and inclusion, open finance, and digital asset management working groups,” said UABA’s chairperson, Yaliwe Soko. The association’s regular events attract thousands of tech enthusiasts and introduce members’ blockchain projects to the masses. The…
SEC Warns Crypto Investors of Initial Exchange Offerings in New Note
The U.S. Securities and Exchange Commission published a new warning against initial exchange offerings (IEOs) Tuesday. According to the notice, IEOs are similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings over the past several years. While IEO providers may claim their sales are different from ICOs, they may still violate federal securities laws, the SEC said. As such, the agency warned investors to “be cautious” if they are considering investing in an IEO. “IEOs are being touted as an innovation…
What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming
It’s been more than three months since Wyoming began taking applications to charter a new type of crypto-friendly bank, and no company has announced its application while a handful of firms have indicated an intent to apply. This hasn’t cooled hype around the charter’s potential. In October, Colorado announced plans to draft special-purpose banking legislation to cater to crypto companies. At CoinDesk’s Invest conference in New York in November, the SPDI charter was touted as a superior substitute for New York’s BitLicense. One month later, crypto exchange Kraken opened a…
Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors
Texas regulators have included cryptocurrencies in their list of top threats to investors, according to the latest Texas Investor Guide. In its tenth anniversary edition of the State Securities Board’s “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulator added cryptocurrency to the list of investments that raise red flags and require careful scrutiny. The document specifically outlined that cryptocurrencies are extremely volatile and difficult to understand for a non-professional trader. The purported threats Among the purported threats, the report pointed out investment opportunities in cryptocurrency…
Is a Price Correction Imminent?
Bitcoin (BTC) has been showing strength recently, as it surged from $6,900 to $8,500 in a matter of two weeks. Not only has Bitcoin sees a period of growth, but privacy coins and Bitcoin forks have also been showing a similar move. Crypto market daily performance. Source: Coin360 Dash (DASH) is up 70% in four days, while ZCash (ZEC) is up 45% in the same amount of days. Also, Bitcoin Cash (BCH) has seen an increase of 54% in the past ten days, while Bitcoin SV (BSV) is up 300%…
Bitcoin Price Hits 2-Month High at $8.7K as 3 Bullish Factors Converge
Bitcoin (BTC) surprised traders and analysts alike on Jan. 14 after BTC/USD broke out of its already bullish channel to strike at resistance levels near $8,600. Cryptocurrency market daily overview. Source: Coin360 BTC climbs 2% in an hour Data from Coin360 and Cointelegraph Markets showed Bitcoin jump 2% in just over an hour on Tuesday to hit local highs of $8,745. A slight retracement followed, with the pair circling $8,700 at press time amid heightened volatility. Bitcoin 1-day price chart. Source: Coin360 The latest leg up brings Bitcoin’s 24-hour gains…
Binance to Launch Korean Support Center Following Investment in Local Startup
Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup. According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year. Alongside the investment, the two firms have inked an agreement that will see BxB support Binance in operating a new support center for local users of Binance.com, the exchange’s international platform. The investment was made, not through the exchange’s incubator arm Binance Labs, but directly…
LinkedIn Says Blockchain Is Top Skill for 2020
Blockchain is listed as the number one “hard skill” for 2020 in a new report compiled by jobs site LinkedIn. “Last year, cloud computing, artificial intelligence and analytical reasoning led LinkedIn’s global list of the most in-demand hard skills,” LinkedIn wrote in the report. “They’re all on the list again this year, but a skill we weren’t even looking at a year ago – blockchain – tops the list of most in-demand hard skills for 2020.” After analyzing the profiles of the users who are “getting hired at the highest…
Judge Orders Craig Wright to Produce $9.2 Billion Bitcoin Holdings
Self-proclaimed Bitcoin (BTC) creator Craig S. CSW (CSW) now has 20 days to prove his claims by producing the $9.2 billion in BTC held in the Tulip Trust. Meanwhile, Bitcoin SV (BSV), touted by CSW as being the true Bitcoin is currently on a roll, moving up the top 10 rankings by market capitalization. Moment of Truth for CSW In court’s ruling delivered on Monday (January 13, 2019), Australian computer scientist and self-proclaimed BTC inventor Craig Wright now has until Monday (February 3, 2020) to declare his alleged large BTC…