Day: February 11, 2020

German Bank to Offer Tokenized Securities Based on Stellar

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One of the oldest banks in Europe is developing a special-purpose euro stablecoin that can facilitate private placements in tokenized securities. Munich-based Bank von der Heydt, established in 1754, announced Monday it had partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established securitization platform. The partnership will allow the bank to tokenize digital securities onto the stellar blockchain, which it can offer to institutional clients via private placements. Tokenization can simplify equity sales and eliminate much of the associated frictional costs, according to the bank.…

North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

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North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities. Exploitation of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly obtained funds, a new study says. Titled “How North Korea Revolutionized the Internet as a Tool for Rogue Regimes,” the study was released on Feb. 9 by Insikt Group, an intelligence arm of United States-based cybersecurity firm Recorded Future. The…

Peter Thiel’s Stock Dump in Election Year Should Terrify Facebook Investors

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An “intense year” lies ahead for Facebook as the U.S. general election looms. Early investor Peter Thiel recently dumped over 80% of his stake in the company. The early investor’s remaining stake is now worth less than $3 million. At the time of Facebook’s (NASDAQ:FB) IPO in 2012 early investor Peter Thiel owned 2.5% of the social media giant. Now he holds just 0.000004% of the company’s outstanding stock. This is after selling 53,602 FB shares last week, leaving him with a tiny stake of 9,948 shares. Early Facebook investor…

Dak Prescott Is a Fool If He Thinks He’s Worth Mahomes Money

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At 26 years old, Dak Prescott is coming into his prime and is ready to cash in big-time. Negotiations with the Cowboys have dragged on for a year with no end in sight. Rumors are swirling that the organization is looking at signing Tom Brady and letting Prescott find the money he wants elsewhere. Dak Prescott is more than just a franchise quarterback. He’s one of the best players in the NFL at the sport’s most important position. Heading into free agency, he has every right to push for that…

President Xi Shockingly Told China to Chill on Coronavirus Alarm

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Chinese President Xi Jinping warned officials that their response to the coronavirus outbreak had already harmed the nation’s economy. Local authorities told to reign-in the scale of their response. China’s central bank declares the country’s economic health must be the first priority. China’s President Xi Jinping reportedly told staffers to curb their efforts on the coronavirus response or the country’s economy would suffer. China’s Xi: Coronavirus Response Harmed Economy Reuters reports that Xi told officials during a Feb 3rd Politburo meeting that their response had already harmed the economy, according…

Central Banks’ “Free Money” is Behind Bitcoin Bull Run: Mati Greenspan

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A portion of fresh cash liquidity supplied by the global central banks has made its way into the bitcoin market, says Mati Greenspan, the founder of Quantum Economics. The prominent market analyst told BlockTV that the cryptocurrency – more or less – behaved like stocks as it rose from $6,430 to well above $10,000 in just three months. He said central banks injected “free money” into the market to safeguard it from potential geopolitical and macroeconomic conflicts. However, some investors directed the funds into bitcoin. “The People’s Bank of China…

Nintendo Blasts Pokémon Leaker in Ruthless Public Shaming

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Nintendo and The Pokémon Company named the source of massive Pokémon Sword and Shield leaks. A reviewer for a Portuguese publication is allegedly responsible. Nintendo says it takes leaks seriously and “will always protect” its IPs. In a joint statement published today, Nintendo and The Pokémon Company revealed that they have tracked down the source of last November’s notorious Pokémon Sword and Shield leaks. Sword and Shield Leaker Found In the lead-up to the release of the games, leaked images surfaced on the usual gaming haunts. These showed new and…

Mastercard, Binance X and Ripple’s Xpring Join the Blockchain Education Alliance

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The Blockchain Education Alliance launched by blockchain accelerator MouseBelt has gained several noteworthy new members.  Ashlie Meredith, the university program director for MouseBelt Blockchain Accelerator, told Cointelegraph on Feb. 11 that the new members include payment processing behemoth Mastercard, the innovation arm of major crypto exchange Binance, Binance X, Ripple’s accelerator Xpring and cryptocurrency exchange KuCoin. Smart contract platform NEO, internet-of-things startup IoTeX, blockchain security firm Quantstamp and big data blockchain service Constellation Labs also joined the alliance. According to its official website, the Blockchain Education Alliance aims to support…

India’s Ruling Right-Wing Party Gets Crushed in Delhi Elections 2020

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Prime Minister Narendra Modi’s right-wing party BJP is staring at a major loss. Delhi is on track to re-elect Arvind Kejriwal as Chief Minister. The BJP’s right-wing agenda has failed to translate into votes. Legislative elections were held in the Indian capital of Delhi on Feb. 8, and it looks like Prime Minister Narendra Modi’s right-wing nationalist Bhartiya Janata Party (BJP) is in for a crushing defeat. PM Modi and his army of ministers and BJP politicians ran an aggressive campaign in the run-up to the 2020 Delhi legislative elections…

Binance Adds Support for Fee-Free P2P Trading With Russian Rubles

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Binance’s peer-to-peer trading facility has added support for the Russian ruble as the exchange continues to build out its business in the major market. The Malta-based cryptocurrency exchange announced Tuesday that users would be able to trade rubles directly with bitcoin (BTC), ether (ETH), tether (USDT) and binance coin (BNB) without any transaction fees. This is the third fiat currency – after the Chinese yuan and Vietnamese dong – Binance has integrated into its peer-to-peer platform. “Russia is a vibrant market for blockchain and crypto advancement. We strive to provide our…