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Goren Holm Ventures Rebrands as Tim Draper Further Invests

Bitcoin and Ether Lose Ground and Tim Draper Keeps the Faith

August 15, 2018 by Eric Czuleger at Altcoins, Bitcoin, Blockchain, Investment, News

In August 2018, Bitcoin and a large batch of other cryptocurrencies experienced a massive sell-off, and the market is showing few signs of turning around any time soon. This week, Bitcoin dropped as much as 6.2 percent to $5,887. This is the pioneer digital currency’s lowest level since June. However,...

China’s Central Bank Promotes Blockchain Utility

China’s Ministry of IT Will Speed Up Development of Blockchain Industry

August 14, 2018 by Joseph Young at Bitcoin, Blockchain, Investment, News, Regulation

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...

Winners Emerge in the European Investment Bank (EIB) Blockchain Hackathon

August 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Development, News

According to a Finextra report on August 13, 2018, a team of programmers from EY have won the distributed ledger technology (DLT) hackathon organized by the European Investment Bank (EIB) aimed at formulating fail-proof methods to redesign the transaction processing of commercial paper with blockchain technology. 56 Coders, 15 Countries,...

Facebook’s David Marcus Leaves Coinbase’s Board as Facebook Ramps up Blockchain Efforts

August 14, 2018 by Cindy Huynh at Blockchain, Business, Development, Exchange, News

Facebook executive and head of blockchain research David Marcus has left his board of director position at Coinbase after eight months. According to Bloomberg, Marcus previously accepted a role as the head of a blockchain group at Facebook in May 2018. His departure is a strong sign that Facebook is...

Cryptocurrency Funds on the Rise in 2018

August 14, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, Finance, Investment, News

According to Cryptofundresearch, cryptocurrency funds have been increasing since cryptocurrencies gained significant popularity in 2017. With Bitcoin’s rising prices and increased general awareness of the cryptocurrency industry, over 100 cryptocurrency funds emerged in 2017 alone. These cryptocurrency funds accounted for over 14 percent of the launch of new hedge funds....

Curing Ad Blindness with Blockchain: Marketing 3.0

August 14, 2018 by Eric Czuleger at Altcoins, Blockchain, Business, News, Platform

Advertisers are looking to blockchain technology to subvert the marketing phenomena called “ad blindness.” Ad blindness is a sort of natural defense against the constant bombardment of ads people are subjected to on a daily basis. Essentially, potential consumers disregard most of the advertisements with which they are deluged. This...

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Indian Cryptocurrency Regulations Likely to Materialize in December 2018

August 14, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

While the Indian Government has plans to adopt blockchain technology, the much-awaited Indian cryptocurrency regulations will take place later in 2018. It is also important to note that the finance ministry panel is evaluating the proposal to consider blockchain and cryptocurrencies separately. Taking Time to Accept Cryptocurrency The Indian Government...

Jeju Governor Pushing To Create A Blockchain Hub City On His Island

Exchanges Protest as Korea Removes Crypto Businesses from Tax Reduction Bill

August 14, 2018 by Joseph Young at Adoption, Blockchain, Exchange, News

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...

Blockchain Technology Flying around earth like superman

Oracle, Social Reality Inc., and Riot Blockchain, Inc. Embrace Blockchain Technology

August 14, 2018 by Aisshwarya Tiwari at Adoption, Blockchain, Mining

Much has been said about the massive potential of blockchain technology to revolutionize the world as we know it. Blockchain ensures a transparent, decentralized mechanism that could eliminate many of the problems being faced by corporate and government sectors. Several organizations are working to bring blockchain into daily industry operations...

Australia: World Bank-Backed Financial Bond Introduced, Blockchain Technology Making Huge Inroads Down Under

August 13, 2018 by contributor at Blockchain, Ethereum, Finance, News

The Commonwealth Bank of Australia (CBA) was awarded the rights to issue and operate financial bonds solely powered by blockchain technology, as reported by mortgagebusiness on July 13, 2018. World’s First Blockchain Bond Termed the world’s first bond “created, allocated and managed using blockchain technology,” the CBA holds the distinction...

BTCManager’s Week in Review August 13: Bitcoin Moves Below $6,500 Suggesting That New Lows May Be on the Horizon

August 13, 2018 by Alex Lielacher at Adoption, Altcoins, Bitcoin, Blockchain, Development, Exchange, News

Bitcoin Moves Below $6,500 Suggesting That New Lows May Be on the Horizon: BTCManager’s Week in Review August 13 The price of bitcoin dropped by almost ten percent week-on-week, continuing last week’s decline, suggesting that we may not have seen the bottom of this year’s bear market yet. Last week,...

Gitcoin Funding Bounties to Foster Integration of ENS into dApps

August 13, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Ethereum, News

The Gitcoin team, a prominent community that promotes collaboration in open source software development by offering incentives to participating developers, is now offering bounties to dApp developers for integrating Ethereum Name Service (ENS) into their existing technological mechanism. As per the announcement made on August 9, 2018, Gitcoin is sponsoring bounties...

Peter Thiel and Reid Hoffman: Crypto is Libertarian and AI is Communist

August 13, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Development, News, Tech

Peter Thiel and Reid Hoffman, the two original members of the PayPal Mafia, engaged in a rigorous debate at Stanford University in early 2018 concerning the relationship between technology and politics. The discussion was focussed on decentralized and centralized technologies like cryptocurrencies and artificial intelligence, and how their underlying technical...

Incentives Tokens, Priveleges, Rewards, and Penalties in Cryptoeconomics

Incentives: Tokens, Privileges, Rewards, and Penalties in Cryptoeconomics

August 13, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Mining

Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto's creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant...

Singapore VC Firm Launches $10 Million Fund for Cryptocurrency and Blockchain Startups

August 13, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Blockchain, Investment, News

A Singapore-based venture capital firm, Golden Gate Ventures, made an announcement via Reuters on August 10, 2018, that the company is primed to establish a $10 million fund to invest in blockchain and cryptocurrency startups. A Budding Partnership The new fund, dubbed "LuneX," will primarily be used for investment in...

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