Day: August 21, 2020

Blockchain Rockstars Billon receive £2M funding with UK Future Fund participation – Blockchain News, Opinion, TV and Jobs

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The 5-year-old British-Polish fintech Billon Group has completed £2 million investment supported by the Future Fund scheme, available to promising UK tech businesses during the COVID-19 pandemic. Billon secured investment commitments from angel investors and VCs of £1 million matched by the UK government through the British Business Bank for an additional £1 million. As part of the agreement, Billon has the opportunity to attract additional private investments for up to £500,000 by the end of October 2020, with all investments in the form of convertible loan notes. Wojtek Kostrzewa, CEO Billon…

Grayscale’s Litecoin-Based Asset Sees Wild Premium Swings

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Grayscale’s LTCN asset, boasting publicly quoted over-the-counter shares, currently trades far above the price of Litecoin (LTC) — its underlying asset. At press time, Litecoin trades at $60.62, while LTCN shares trade at $54.01. The two prices seem close, although each share of LTCN equals just 0.094 LTC, according to Grayscale’s website.  Buying roughly 10.64 LTCN equates to ownership of 1 LTC. At current prices, however, buying 1 LTC worth of LTCN costs about $574 — over $500 more than the price of 1 LTC purchased on the crypto markets. Aug. 20…

Equilibrium Launches a New Governance Token

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Having set up shop on Polkadot just a week and a half ago, an EOS-based decentralized finance project called Equilibrium is launching a new governance token called EQ. EQ is perhaps the next generation of Equilibrium’s NUT, the platform’s first governance token specifically for use on EOS. As interoperability is a rising issue for blockchain adoption, the new EQ token will work across other blockchains, including EOS. NUT will remain a valid way to participate in Equilbrium’s decentralized governance, but for EOS only. Those who want to experiment with the…

Price Analysis 8/21: BTC, ETH, XRP, BCH, LINK, LTC, BSV, ADA, BNB, CRO

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Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened. Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe haven assets such as gold, silver and Bitcoin (BTC) to protect themselves from the downward spiraling value of the fiat currencies. Popular Bitcoin derivatives trader Tone Vays believes that Bitcoin could breakout to new all-time highs…

Bitcoin Balances at a 21 Month Low As Exchange Exodus Continues

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According to data from Glassnode, the exchanges it tracks currently hold 2.6 million Bitcoin. That is the lowest this amount has been since November 2018. Bitcoin balances on exchanges. Source: Glassnode. The trend toward users withdrawing their funds from the custodial exchanges first manifested itself right after Black Thursday. Since that time, approximately 300,000 BTC has left exchanges in what appears to be a mass exodus. This may be considered a bullish indicator, as it might imply that users do not intend to sell their assets anytime soon. The recent…

Bitcoin.com Wallet Users to Get New App via Partnership with Cred

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With its new partnership, Bitcoin.com will look to revamp its lending offering using the Cred’s powered 1-touch Earn button. Major cryptocurrency wallet service provider Bitcoin.com is set to bring more value to its 11million customers through a unique technical integration from Cred (a financial services firm supporting over a dozen partners with its industry-leading crypto-backed lending and borrowing platform). The Bitcoin.com wallet is a non-custodial crypto wallet featuring a variety of supported assets and resources for crypto newcomers and enthusiasts and the new wallet feature embeds an in-app earning feature…

Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold

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Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start considering leveraging precious metals and bitcoin. Robert Kiyosaki wrote the popular book “Rich Dad, Poor Dad,” and he also offers personal finance education to people interested in learning about real estate, investing, cash flow, and how to start a business. During the last…

Smart Money Indicator Signals Bitter End To Chainlink Uptrend

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Chainlink has been the highlight of the crypto market for the last few years. It is about the only asset setting new record high after high. Meanwhile, the rest of the asset class is down between 40% to as much as 90% or more in some cases from their peaks. However, an indicator that spots behavioral patterns by “smart money” may be signaling that Chainlink’s uptrend is over for good. Or at least until a strong enough correction makes prices attractive once again. Here’s what to expect if the indicator…

XRP Is Not a Security, Argues US Congressman Tom Emmer

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On Aug. 20, Representative Tom Emmer (R-MN) held the first ever Cryptocurrency Town Hall, bringing together a number of leaders from the Blockchain space. Conducted in collaboration with the Chamber of Digital Commerce PAC, the event featured major crypto figures like Circle CEO Jeremy Allaire, Ripple CEO Brad Garlinghouse, eToro’s Guy Hirsch, BitPay’s CEO Stephen Pair, and Paxos’ Chad Cascarilla. Ripple CEO Garlinghouse outlined that the biggest challenge faced by Ripple so far is the lack of clarity around the regulatory status of XRP. “The biggest challenge Ripple has faced…