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Cryptocurrency Hedge Funds Reportedly Increasing and Could Triple in 2018

IDC Reports 73% CAGR, Blockchain Spending to Hit Nearly $12 Billion within Five Years

July 23, 2018 by Nigel Dollentas at Adoption, Blockchain, Business, Finance, Investment, News, Regulation

A new update from the comprehensive semiannual blockchain spending guide predicts blockchain spending to reach a new peak of almost $12 billion in 2022. America Dishes out the Most Spending is expected to increase with a five-year compound annual growth rate (CAGR) of 73.2 percent. IDC, the company behind the...

Banking on Hype: Wells Fargo and Barclays Acquire Token and KYC Blockchain Patents

July 22, 2018 by Liam J Kelly at Altcoins, Blockchain, Business, Development, News

Two of the world’s larger banks recently acquired three distinct patents in the field of blockchain technology. Wells Fargo’s, aptly titled “Data element tokenization management,” was filed on July 17, 2018, and looks to tokenize pretty much every possible data piece possible. Barclays later filed two patents on July 19,...

Ethereum Average Transaction Fee Surpassed Bitcoin, But its Inaccurate to Compare

July 21, 2018 by Joseph Young at Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News

On July 16, 2018, the average transaction fee of ether, the native cryptocurrency of Ethereum, surpassed that of bitcoin. But, it may be premature to conclude that ether is lagging behind bitcoin in scalability. JZay, a bitcoin researcher, and investor shared a transaction fee comparison chart provided by crypto asset...

HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology

July 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News

Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile...

Bitcoin and Other Cryptocurrencies Not Significant Threats – Says US Federal Reserve Chairman

July 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain

While a good number of central banks see bitcoin and other cryptocurrencies as significant threats to their survival, the United States Federal Reserve Chairman, Jerome Powell, said on July 18, 2018, that the exponential growth in the price of bitcoin and the increasing adoption of cryptos doesn't bother him. The...

Liverpool to Reduce Carbon Emissions Using Blockchain

July 21, 2018 by Priyeshu Garg at Blockchain, News

Liverpool City Council has partnered up with blockchain platform company, Poseidon Foundation, to take part in a blockchain-based carbon credits system. The partnership is part of the council's efforts to achieve the goal of making Liverpool the world's first climate-positive city. LCC and Poseidon Foundation Team Up for Climate-Friendly Future...

What is Enigma and Is It a Good Investment?

July 21, 2018 by Alex Lielacher at Blockchain, Cryptocyclopedia, Platform, Tech

While blockchain technology is undoubtedly hugely innovative, the limitations of its existing iterations have become increasingly clear over the last few years. Several of the inherent features of the blockchain that initially endeared it to the masses are now making it difficult for it to be adopted on a global...

Asset Managers Look to Cryptocurrencies for Investment Opportunities

July 21, 2018 by Guest Post at Altcoins, Blockchain, Business

News that BlackRock, the world's biggest asset manager is reviewing the cryptocurrency industry has opened up opportunities for many investors and ICOs. In healthcare technology, Curaizon - a pioneer of medicine adherence technologies is currently running its CuraToken (CTKN) sale to further develop and enhance its unique offering to national...

Have Institutional Investors Lost the Chance to Make Lambo Money in Crypto?

July 20, 2018 by Rahul Nambiampurath at Adoption, Altcoins, Bitcoin, Blockchain, Business, Finance, Investment, News

Bitcoin went on a serious bull run in 2017 and rose over 1,900 percent by the end of the year. Despite that, Wall Street remained largely skeptical on the subject of digital currencies throughout the past year. A few months into 2018, however, institutional investors are now announcing funds dedicated...

Swytch Incentivizes Renewable Energy Usage, Ongoing Trials Promising

July 20, 2018 by contributor at Altcoins, Blockchain, Business, News

The excessive use of fossil fuels forms one of the most significant contributors to climate change since the past decade, and with the overexpansion of cities and ever-growing production demands from consumers, the environment is primed for an unsustainable crisis. Research suggests over 30 gigatons of hydrocarbons were released in...

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