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Successful Venture Capital Firm Lightspeed Set to Launch Cryptocurrency Fund

July 14, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, Investment, News, Tech

Even with the recent market downturn, a vast array of big whales are still interested in buying the dip. In the latest development, highly successful venture capital company Lightspeed Venture Partners, the solid rock behind Snap Inc., makers of the Snapchat messaging app, is now set to join the crypto...

China-Based HTC to Launch Blockchain-Enabled Smartphones

July 14, 2018 by Pratik Makadiya at Adoption, Blockchain, Business, Development, Ethereum, News, Tech

HTC, a Taiwan-based smartphone company, announced that it’s all set to launch its blockchain-enabled smartphones, HTC Exodus. According to the official website, the early access will hit the stores sometime around Q3 of 2018. HTC Hops on the Crypto Bandwagon The futuristic smartphone also mentions it “is the first cold...

Technology Company to Launch Stablecoin Backed by Taiwanese Dollar

July 13, 2018 by Pratik Makadiya at Altcoins, Blockchain, Development, Finance, News

Taiwan-based technology company Green World Fintech Service announced that it is set to launch Taiwanese Dollar-backed stablecoin dubbed Taiwan Digital Token (TWDT). The stablecoin will be based on the Ethereum blockchain network. Taiwanese Dollar Pegged Cryptocurrency TWDT will be pegged with the Taiwanese dollar on a one-to-one basis. It can...

EU’s Fifth Anti-Money Laundering Directive Enters into Force

July 13, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Strengthened EU rules to prevent money laundering and fight terrorism financing entered into force on July 9, 2018. What is this Directive exactly? The rules, gathered under the title the "Fifth Anti-Money Laundering Directive," were first published in the EU's Official Journal. The new regulations aim to bring more transparency...

Ripple Reveals Plans of Popularizing the XRP in India

July 13, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, Finance, News

Ripple Labs, Inc., the United States-based Fintech firm and creators of the ripple (XRP) altcoin is formulating a sure-fire strategy to make the native token a popular choice amongst the populace of India. XRP to the Moon? According to an Express report, officials at Ripple have revealed their fail-proof plan...

TokenPay and Litecoin Foundation Acquire 9.9 Percent Stake in German Bank

July 13, 2018 by contributor at Adoption, Altcoins, Blockchain, Business, Finance, Investment, News

On July 10, 2018, Swiss cryptocurrency company TokenPay, in partnership with the Litecoin Foundation, acquired a 9.9 percent stake in Germany’s WEGBank AG with an option to purchase 90 percent of the latter’s business following relevant regulatory approvals. Augmenting Cryptocurrency Usage Announced on TokenPay’s blog, the blockchain development company detailed...

Opera Browser Introduces Inbuilt Cryptocurrency Wallet in Upcoming Update

July 13, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Blockchain, Development, Ethereum, News, Tech, wallet

Popular web browser Opera has added a built-in cryptocurrency wallet functionality to its latest version of Opera for Android. With the appendage, users will no longer have to rely on third-party extensions to make crypto payments. Crypto Payment Made Simple In a private beta version for Android, the Norwegian...

Bank of Finland Advisor Calls Cryptocurrencies an “Illusion,” States Distributed Ledgers Are Irrelevant

July 13, 2018 by contributor at Adoption, Bitcoin, Blockchain, Commentary, Finance, News

In line with strict global sentiments over cryptocurrencies, an advisor to the Bank of Finland (BoF) released a report in June 2018 titled “The Great Illusion of Cryptocurrencies,” elaborating on why cryptocurrencies are a “fallacy” and an “illusion” of money. Blockchain Payment Systems “Irrelevant” Written by BoF’s Adviser on Digitalization...

Earth Dollar Partners With Blockchain Associations for Global Point-of-Sale Cryptocurrency Project

July 13, 2018 by Priyeshu Garg at Altcoins, Blockchain, News

Earth Dollar™, an asset-backed cryptocurrency has announced a strategic partnership with the US Blockchain Association, the Nevada Blockchain Association, and other non-profit blockchain-related organizations worldwide to launch a global cryptocurrency point-of-sale payment system available to both online and offline retailers. Global Cryptocurrency Payment System Earth Dollar will be used as...

CME Proposes Limits To Temper Bitcoin's Volatility

Not Just a Computer Program: Bitcoin and the Blockchain Meant To Be Clever Solutions for the Global Financial Crisis

July 13, 2018 by Nuno Menezes at Bitcoin, Blockchain

Journalist, Paul Vigna, discussed the ideals behind Bitcoin and the blockchain, potential applications for the technology, and what the future may hold for cryptocurrency. A Life Changing Conference This week, Barry Ritholtz invited the well-known journalist, Paul Vigna, to be a guest on his popular show, “Masters in Business.” Paul...

Bancor Criticized For its Ability to Freeze Fund, Not For the Theft Experts React

Bancor Criticized For its Ability to Freeze Funds, Not for Exchange Hack

July 12, 2018 by Joseph Young at Altcoins, Blockchain, Crime, News

Bancor, a decentralized crypto exchange that raised $153 million in June 2017, has lost $12.5 million in ether, the native cryptocurrency of Ethereum, in a recent security breach. However, the blockchain protocol and its developers were criticized not for the theft of their funds, but for their ability to freeze...

Cryptokitties Launches the First Ever Blockchain Charity Event Focused on Marine Life Protection

July 12, 2018 by Nuno Menezes at Altcoins, Blockchain, Ethereum, News, Tech

On July 9, 2018, the Cryptockitties team announced it was signing a partnership with ACTAI Global and Ocean Elders to create a new CryptoKitty called Honu which will be auctioned and the amount gathered from the sale will be used to help protect our marine life and oceans. Honu Launches...

Bitcoin Mining Made Accessible with BitMOR

July 12, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Business, Mining, News, Tech

According to Argus Leader, a local South Dakota news site, BitMOR is a new cryptocurrency mining company that sells mining equipment and service to locals interested in mining cryptocurrencies. BitMOR is considered one of the first cryptocurrency mining businesses located in South Dakota. First Cryptocurrency Business in South Dakota BitMOR’s...

Bithumb Global Plans to Lobby Indian Government for a Regulated Cryptocurrency Exchange

Indian Regulators May “Unban” Cryptocurrency Trading Soon

July 12, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, News, Regulation

The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that...

Ethereum-Powered Civil Aims to Advance the Journalism Industry Using Blockchain

July 12, 2018 by Crypto Advocate at Blockchain, Business, Ethereum, News, Platform, Tech

To understand this question, one must understand the current issues with journalism. The problems with journalism have never changed much. Governments, corporations, and powerful have controlled the world of journalism. The widespread lack of transparency, accountability, and in some instances, the use of censorship, or threats towards journalists to prevent...

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