Day: October 2, 2020

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

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Thailand Blockchain Community Initiative (BCI) has joined hands with IBM to extend the scope and reach of the blockchain-powered electronic letter of guarantee (eLG) platform to businesses of all sizes. Since its inception in late 2019, the platform has handled guarantee letters worth nearly $300 million.  Time is of the essence The eLG platform’s popularity is founded on the slashed timeframe of less than a day it uses in the issuance of guarantee letters if a buyer defaults. The manual process takes commercial banks in Thailand approximately nine days because…

Beckham-Backed Guild Esports Raises £20M through LSE IPO

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Now David Beckham owns approximately 4.78% of Guild Esports total shares.  Guild Esports, a talent development company that is financially backed by David Beckham, has listed on London Stock Exchange and managed to raise £20 million through the initial public offering (IPO). Headquartered in London, UK, and founded in September 2019, Guild Esports is looking to develop a talent pipeline based on “the traditional academy model.” The valuation of the company is around £40 million ($52 million). After being listed earlier on Friday, Guild shares dropped approximately 7.63%, reversing gains…

September Monthly Recap: Ethereum Plummets, No Fast Recovery at Hand 

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In general terms, Ethereum had a month of losses in September with two downward waves and bleak prospects of a recovery in the near term. Ether Loses Half of Its Summer Gains The only day when Ether registered substantial growth before the falling began was 1st September when it jumped 9.75% on the day, with the peak at $488. But the gains were short-lived. In the next four days, ETH/USD dropped from $479 to $308 on 5th September, having only climbed to $359.5 at the end of the month. The…

AZN Stock Slightly Down, AstraZeneca Resumes Vaccine Trials in Japan

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AstraZeneca’s clinical trials for the vaccine were halted in July after one of the participants complained of neurological disorder. Foremost COVID-19 vaccine pharmaceutical firm AstraZeneca Plc (LON: AZN) has disclosed that it has resumed its mid-late stage COVID-19 Vaccine trial in Japan, following the earlier global suspension of the process. As reported by Reuters, the resumption of clinical trials by AstraZeneca (AZN) in Japan also comes with reports that the firm is in talks with United States authorities to recommence the vaccine trial process. Meanwhile, AZN stock is trading at…

New Decentralised Video VOD Site Backed by Top Blockchain Influencers – Blockchain News, Opinion, TV and Jobs

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Some of the biggest names in the cryptocurrency and blockchain scenes are backing Theta Labs‘ new decentralised Video On Demand (VOD) product  THETA.tv which has enticed some popular cryptocurrency and blockchain streamers and influencers from centralized platforms onboard such as Youtube. Beginning on October 12, 2020, cryptocurrency streamers Crypto Crow, DataDash, Trader Cobb, and Crypto Beadles, who have over 500,000 YouTube subscribers, will join in a week-long series of streams, interviews, and premieres on THETA.tv. The decentralised streaming platform allows users to earn TFUEL rewards for sharing and viewing videos.…

Trump Covid Test, BitMEX Charges Bring October Shocks for Bitcoin

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U.S. regulators and law-enforcement officials brought charges on Thursday against BitMEX, a Seychelles-based cryptocurrency exchange that has grown in recent years to be one of the industry’s biggest players. According to the U.S. Commodity Futures Trading Commission, prosecutors accused BitMEX of facilitating unregistered trading and other violations, including “conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers,” as reported by CoinDesk’s Nikhilesh De.    The news dominated cryptocurrency news headlines and sent traders and analysts scrambling to assess the damage and implications. Some 23,000 bitcoin…

Three key reasons Dow plunge won’t cause a bigger Bitcoin drop below $10K

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The United States stock market plunged as the Dow Jones Industrial Average (DJIA) dropped 358 points in pre-market trading. The Bitcoin (BTC) price dropped to as low as $10,374 across major exchanges, but a larger pullback is unlikely. The one-hour Bitcoin price chart. Source: TradingView.com Three key reasons could buoy the near-term sentiment of Bitcoin. The potential catalysts are the likelihood of a stimulus package, BTC’s strong technical reaction, and the resilient $10,5000 support level. A stimulus package is becoming more likely as a result Throughout the past month, the…

European Central Bank Ramps Up It’s Work on Digital Euro – Blockchain News, Opinion, TV and Jobs

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A special Eurosystem task force from the European Central Bank (ECB) has published a comprehensive report, on the issuance of a European digital currency. They say a digital aka ‘crypto’ euro would be an electronic form of central bank money accessible to all citizens and firms to make payments in a fast, simple and secure way and would complement cash, not wipe it out and the ECB says they will continue to issue cash in any case. “The euro belongs to Europeans and our mission is to be its guardian,”…

Dash Secures Partnership with SDM to Boost Dash Liquidity Provision

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The strategic partnership between Dash and SDM will help consolidate Dash’s business strength with re-spendable and secure transactions, with near-zero fees. Dash, one of the world’s largest cryptocurrencies by market capitalization has entered into a partnership with Secure Digital Markets (SDM) to help pump liquidity into the Dash Network by leveraging SDM’s Over-the-Counter (OTC) trading desk. The hallmark of every digital currency is to ensure adequate liquidity in a bid to meet growing demands in line with company growth. The partnership between Dash and SDM is aimed at achieving this…

Tesla May Enter India in 2021

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Tesla CEO Elon Musk indicated on Friday that the company will make a foray into India in 2021. Meanwhile, TSLA stock is down in the pre-market today. Tesla Inc (NASDAQ: TSLA) stock jumped 4.46% yesterday to close the day trading at $448.16. The gains had, however, been wiped out during Friday’s pre-market whereby they were down approximately 4.55% to trade around $427.75. Meanwhile, there are talks that Tesla may enter the market of India quite soon. Tesla bulls have been gathering momentum ready to break out beyond the current resistance…