Day: December 18, 2020

Tokopedia Lines Up Dual IPO Worth $1B in US and Indonesia

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If this falls true, Tokopedia will become the second behind PT Telekomunikasi Indonesia to have the dual listing combination of the US and Indonesia. Tokopedia PT, an Indonesian e-commerce giant has been said to be in the process of reaching $10 billion in valuation after its dual listing decision involving about $1 billion in IPO was revealed. Two individuals who refused to identify themselves disclosed to the media that Tokopedia will certainly launch the dual IPO In the United States of America and Indonesia next year to become the biggest…

Immutable Ethereum privacy protocol proposes governance system

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Tornado.Cash, the Ethereum mixing service that earlier this year implemented completely immutable smart contracts, has proposed a governance system powered by its own TORN tokens. According to a Dec. 18 post, the proposal will put stewardship of the protocol in the hands of its community of users. An initial distribution of 10 million TORN will be split between early users and developers, a DAO treasury and anonymity miners over the course of the next five years. Anonymity miners increase the efficiency of the service, and act by providing liquidity in…

Chinese Firms Listed in US Beat 6 Years Initial Public Offering (IPO) Record

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While Chinese firms eventually become successful trading in US markets after making their public debuts, some firms underperform with even getting kicked out due to one scandal or another.  In what appears to be the most tumultuous year for most businesses, Chinese firms that listed in US exchanges through an Initial Public Offering (IPO) has broken a 6-year record. According to a report by CNBC, a total of 30 Chinese firms had their IPO this year and collectively raised a total amount of $11.7 billion, representing a six-year high. The…

Castle Island's Nic Carter on the Rise of Bitcoin

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Nov.19 — Bitcoin is seizing the spotlight from gold as a hedge against risks such as further dollar weakness or a pick-up in inflation. The cryptocurrency’s approximately 150% jump in 2020 puts the digital coin’s price relative to gold at the highest in almost three years. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg’s Caroline Hyde, Romaine Bostick and Joe Weisenthal on “What’d You Miss?”. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Game time? Microsoft adopts Ethereum blockchain for gaming royalties

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Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management. Paul Brody, blockchain lead at EY, told Cointelegraph that Microsoft’s blockchain solution for this particular use case is being conducted on a private Quorum network based on Ethereum. Brody noted that this expansion will provide…

Guggenheim Investments: Bitcoin Is Worth $400,000 Based on Scarcity, Relative Valuation to Gold

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Guggenheim Investments, an asset management firm with over $230 billion under management, has valued bitcoin at $400,000 based on fundamental analysis. Guggenheim wanted to invest in bitcoin when the price of the cryptocurrency was at the $10,000 level. The company is currently waiting for approval from the U.S. Securities and Exchange Commission (SEC) to start investing in bitcoin. Guggenheim Forecasts $400K Bitcoin, Regulation Delays Investments Guggenheim Global Chief Investment Officer Scott Minerd talked about bitcoin’s valuation on Bloomberg Markets Wednesday as the price of the cryptocurrency continued to soar to…

Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

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Peer-to-peer Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to the United States in trading volume. Since 2015, Nigerians have traded over 60,200 BTC on the Paxful platform amounting to about $566 million in volume over the period. Data from Coin Dance shows trading activity for the week ending Dec. 12 at 886.3 million naira (about $2.3 million). Bitcoin’s growing appeal among Nigerians…

Bitcoin Hints Extended Bullish Momentum as Stimulus Talks Drag On

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Bitcoin hovered between gains and losses as traders waited for further clues from the US Congressional leaders on their next coronavirus aid package. The benchmark cryptocurrency jumped 0.07 percent to $22,843, suggesting it would consolidate sideways after notching another record high on Thursday at $23,6776 (data from Coinbase). Other top alternative cryptocurrencies, including Ethereum (ETH) and Ripple (XRP), also wavered. Bitcoin holds a majority of its gains on Friday. Source: BTCUSD on TradingView.com Bitcoin holds a majority of its gains on Friday. Source: BTCUSD on TradingView.com Stimulus Top Democratic and…

What Bitcoin all-time high? These 3 charts prove new retail buyers aren’t here yet

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Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of what Bitcoin has done recently, interest is still a fraction of what it was during its run to previous all-time highs exactly three years ago in 2017. Twitter sleeping on BTC Outside “CT”  Anyone who regularly reads crypto Twitter, also known informally as “CT,” may have the impression that the entire social network revolves around Bitcoin price…

Blockchain Technology | Science and Technology | UPSC CSE 2021 I Sudeep Shrivastava

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is the latest video in the “Blockchain Technology” topic for UPSC CSE 2021/2022 Hindi | IAS. This video is very important for UPSC CSE Hindi Medium Aspirants. Watch more videos from here: Sudeep Kumar Shrivastava and more top educators are teaching live on Unacademy Subscription. Use Special Code “SS01” to get 10% discount on your Unacademy Subscription. Subscribe today – Sudeep Kumar Shrivastava Unacademy Profile Link: Feedback Form – Download the Unacademy Learning App here: Android: iOS: Join our Telegram Channel:…