About Author:
1 Confirmation with Jeff and Dave
Joseph is a bitcoin enthusiast, financial consultant, web developer writer based in Hong Kong. He has worked with hotels and tech firms in Korea, the Philippines, Hong Kong and Singapore as a front-end developer and has collaborated with venture capital firms to explore bitcoin and virtual reality-focused startups in South East Asia.
Over the past 72 hours, the crypto market and major digital assets including bitcoin have recorded substantial gains against the U.S. dollar, with tokens rising by more than 50 percent, as financial markets struggled. Lack of Correlation with Financial Markets Since 2012, the crypto market has experienced a pattern of...
In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its...
JPMorgan and Goldman Sachs, two of the biggest banks in the global finance sector, have led a $32 million Series B funding round for blockchain startup Axoni, to deploy blockchain-based solutions in the traditional finance industry. $55 Million in New Capital Since 2016, as the only competitor to R3CEV, a...
The Ministry of Industry and Information Technology of China has ordered local financial authorities to speed up the development of the blockchain industry by creating a healthy, orderly, and fair market for companies. Xinhua, the official state-run press agency of the People's Republic of China, reported that the ministry will...
Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. Why Are Crypto Businesses Eliminated from the Bill? Earlier this month, the government of South Korea released a proposal...
ETHBerlin, the biggest Ethereum meetup in Berlin, Germany, is solely utilizing decentralized applications (dApps) to process all of the event’s operations, including ticketing, live streaming, hotel booking, raffles, and messaging according to an announcement on August 6, 2018. Setting a Precedent The vast majority of investors, at least in the...
In 2016, Edward Phipps, a U.S. citizen and the resident of Maine, was stopped by local police for driving one mile over the speed limit. Police officers requested Phipps to step out of the vehicle, confiscated $46,000 in cash found in his car, and forced him to forfeit it to...
Throughout this week, many tokens including 0x (ZRX), Ethos (BQX), ICON (ICX), and Aeternity (AE) have been traded in South Korea with 300 to 600 percent premium rates. As of August 1, 2018, Ethos on Bithumb, a major crypto exchange in the local market of South Korea, is being traded...
Vinny Lingham, the CEO of Civic Key and well respected crypto investor, has said on the Venture Stories podcast that the actual value of most cryptocurrencies is likely lower than their listed prices. Problem is Liquidity Since early 2018, experts in the cryptocurrency sector have questioned the volume of major...
On July 25, 2018, the Google Chrome App Store, a platform that enables users of the most widely utilized web browser in the world to install native browser apps, removed Ethereum wallet MetaMask from its store. As a popular open-source and non-custodial Ethereum wallet integrated into significant browsers including Google...
Galaxy Digital, the cryptocurrency hedge fund operated by billionaire investor Mike Novogratz, lost $134 million in the first quarter of 2018 due to the 70 percent correction of the crypto market. Novogratz Is Still Happy In the first few months of this year, significant digital assets such as bitcoin, ether,...
The Xiongan government, in charge of building Chinese President Xi Jinping’s dream city the Xiongan New Area, has chosen Ethereum over NEO, a local blockchain network, along with its decision to employ New York-based blockchain studio ConsenSys as the blockchain consultant for the Chinese government. Unforeseen Decision ConsenSys is a...
Samsung, the $290 billion electronics giant, has started to accept crypto in its stores in the Baltic region as an alternative to fiat money on July 21, 2018. Heavily Involved in Crypto In South Korea, Samsung remains as the dominant conglomerate in virtually every major industry including insurance, real estate,...
Millionaire investors in China are still utilizing significant cryptocurrencies like bitcoin and ether to purchase properties overseas, despite the crackdown on digital asset trading by the Chinese authorities. Bitcoin as a Preferred Method of Payment Chinese investors have reportedly injected hundreds of millions of dollars in the real estate industry...
Marc Lasry, the billionaire co-founder of Avenue Capital Group, whose net worth is estimated to be at around $1.68 billion, has invested $16.8 million in bitcoin. Bitcoin Investments Explained When asked about his personal investment in bitcoin, Lasry explained that he entered the cryptocurrency sector a few years ago, and...
