Day: October 12, 2020

Panxora Opens To Open Up AI-Driven DeFi Hedge Fund For Investors – Blockchain News, Opinion, TV and Jobs

boss

Cayman Islands-based The Panxora Group is kicking off a new quantitative hedge fund on Monday, November 2, 2020 — designed to generate profits from the rapidly growing Decentralised Finance or (DeFi) token market. Marcie Terman, COO at Panxora stated: “This fund is meant for people that want exposure to DeFi but lack the resources to research this very specialist market themselves. These person-to-person transactions could have a profound impact on global financial services – bringing real-world assets onto the blockchain and facilitating the transfer of trillions of dollars of assets…

Gemini with BCB Group to Streamline British Payment System

boss

Gemini crypto exchange will be connected to BCB’s API, hereby facilitating seamless transactions with different bank systems. Gemini cryptocurrency exchange is fast encroaching into the European market amid the coronavirus pandemic. After acquiring the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority, the firm has now partnered with BCB Group to provide United Kingdom residents a means to send and receive the British Pound seamlessly. Blair Halliday, Gemini’s Chief Compliance Officer for Europe, said: “Gemini is focused on creating the smoothest experience possible for our UK customers…

Tesla Employees at Nevada Gigafactory Can Use Bitcoin ATM by LibertyX

boss

The Bitcoin ATM at the Tesla Nevada Gigafactory is said to have been live since August. Tesla Inc (NASDAQ: TSLA) employees’ at the Nevada Gigafactory have been accessing Bitcoin ATM services provided by America’s first and largest U.S. network of bitcoin ATMs LibertyX. The clarification came after a Twitter user @wlrvs posted that he had spotted a Bitcoin ATM at the Gigafactory as he passed by. Just passed by and saw @elonmusk has a bitcoin atm at the Gigafactory. pic.twitter.com/8HpkDkFwqP — Will Reeves (@wlrvs) October 10, 2020 Hereby raising suspicion…

AZN Stock Up 1%, AstraZeneca Gets from U.S. for 100K Covid-19 Vaccine

boss

Although the vaccine by AstraZeneca has not been globally approved, it was used in the treatment of U.S. President Donald Trump. AstraZeneca plc (NASDAQ: AZN) stocks were trading slightly above $55 during Monday’s pre-market, nearly 1% up from Friday’s close. The British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca is developing a coronavirus vaccine candidate with a brand name AZD1222. According to the company, the drug works by using a viral vector (ChAdOx1 – chimpanzee adenovirus Oxford 1) based on a weakened version of a common cold (adenovirus) virus that contains…

Digital Yuan Trial Goes Live But Fears Over Dystopian Future Grow Louder

boss

After years of rumors and leaks on Chinese social media, Shenzhen residents became the first in the country to trial the digital yuan. Distribution of funds took place via a lottery-style promotion with 50,000 “red packets,” each worth 200 yuan ($30), up for grabs. Chinese citizens living in Shenzhen registered their interest via the local government app, iShenzhen. The lottery draw took place yesterday, with winners accessing funds through the official Digital Renminbi app. According to the South China Morning Post, during the trial, the money is spendable only at…

China Sees a Boost in Consumption Following Its Week-Long Holiday

boss

The growth trend with respect to consumption in the People’s Republic of China has skyrocketed following its week-long holidays. Per the report released by the Ministry of Commerce of the government of China, the consumption during the holidays was fueled by increased tourist activities across the country. Per the ministry, average sales of consumer foods as well as beverages rose by 4.9% when compared with the figures from the Golden week holiday in 2019. The country generated about 1.6 trillion yuan from these sales in the 7-day holidays which spanned…

Gemini exchange partners with licensed crypto payments processor in UK

boss

The Winklewoss twins’ crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom. On Oct. 12, Gemini announced a partnership with BCB Group — a European crypto-focused payment processor that already works with major platforms such as Coinbase, Bitstamp and Galaxy Digital. BCB Group is focused on institutional payments services and offers business accounts and crypto market liquidity for “crypto-engaged” financial institutions. The Group’s core subsidiary was officially approved by the Financial Conduct Authority as an authorized payment institution (API) earlier this year. Collaborating with…

Calls for Ethereum Breakout Grow in Run Up to “Phase 0” Launch

boss

Technical chartists extended their Ethereum price target beyond $400 as the blockchain inched towards a major protocol upgrade. The ETH/USD exchange rate surged to its multiweek high near $378 last week amid a broader crypto market rebound. The new capital came following hopes of the second US stimulus package, a deal that remains stuck on Capitol Hill for months – and whose execution raises the bullish prospects of the cryptocurrency industry, as seen through the first stimulus aid between March and July earlier this year. Nonetheless, Ethereum grew substantially higher…

Satoshi Era Bitcoin Valued $11M Moved: Strange BTC Whale Transfer

boss

Since billions of Bitcoin are usually moved around wallets daily, the $11 million wouldn’t really impact the market pretty much. Bitcoin worth 11m, which remained dormant in wallet since the time it was mined in 2010, has finally been moved. On early Sunday morning, the 2010 Coinbase rewards of 20 blocks were spent in one block. A professional cryptocurrency trader named Kirill K flagged the movement of Satoshi era 1,000 Bitcoin — worth $11,425,000 at the time of writing — to one address. Unclear Massive BTC Movement An on-chain transaction…