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Blockchain-based Home Equity Firm Nabs $65 Million in Funding

March 2, 2019 by Tokoni Uti at Blockchain, Business, Finance, Investment, News

Figure, a blockchain-based home equity founded by Mike Cagney, has received $65 million funding, as reported on February 27, 2019. Follow the Money SoFi has been making headlines in the crypto world recently. Just a day after they announced a new partnership with CoinBase on February 26, 2019, Figure, a...

The Double-Edged Sword of Blockchain Technology May See China Recreate Orwell’s 1984

March 2, 2019 by Toju Ometoruwa at Adoption, Blockchain, Cryptocyclopedia, Regulation

Despite the promise of these innovations, there is a growing concern that governments will begin to use blockchains as a tool to further oppress their citizens, creating permissioned networks that restrict access to capital and essential services on the basis of one's reputation. Core features such as its immutability could...

Russian President Vladimir Putin Sets July 1 Deadline for Crypto Regulations

March 1, 2019 by Tom Nyarunda at Adoption, Altcoins, Bitcoin, Blockchain, Business, News, Regulation

The Russian President ordered his country’s government to fast track the adoption of federal laws related to cryptocurrencies no later than July 1, 2019. The latest order is similar to one he made about cryptocurrency regulation back in 2018. Transforming the Russian Economy into a Digital one That the government is...

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ThunderCore Bags $50 Million From Pantera, Huobi Capital and Others

March 1, 2019 by Aisshwarya Tiwari at Blockchain, Business, Investment, News

ThunderCore, a startup that provides scalable blockchain solutions, has raised $50 million from Pantera, and Huobi Capital among others to make its offering faster, cheaper, and more efficient, reports Venture Beat, February 27, 2019. High Interest in Enterprise Level Blockchain Solutions Demand for enterprise-level blockchain-based solutions has witnessed a steep...

Circle to Integrate NICE Actimize’s Market Surveillance System

March 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Exchange, Finance, News

Circle a U.S-based peer-to-peer cryptocurrency finance company, has contracted NICE Actimize, a leader in Autonomous Financial Crime Management, to implement market surveillance and protection strategy, reports Finextra February 27, 2019. Crypto Market Surveillance In a bid to guard against crypto market manipulation, Circle, a fintech firm that allows users...

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Gemini Trust LLC Joins BT Radianz Cloud Network

March 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News

Gemini Trust LLC, a licensed New York-based cryptocurrency exchange and custodian, has joined the BT Radianz Cloud community in a bid to take advantage of the latter’s global market reach and connectivity, according to a press release on February 27, 2019. Gemini Expands Reach with BT Radianz Cloud In a...

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Coin Metrics Inc. Close Venture Funding Round after Raising $1.9 Million

March 1, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Blockchain, Business, Finance, Investment, News

According to a press release published February 27, 2019, the leading cryptocurrency market data and analytics firm Coin Metrics Inc. has successfully raised $1.9 million in its venture funding round. The round was led by Castle Island Ventures and saw participation from Fidelity Investments, Dragonfly Capital, and Highland Capital Partners....

Cost of Centralization? 2.09 Million EOS Tokens

March 1, 2019 by Priyeshu Garg at Blockchain, Crime, Exchange, News

An unidentified hacker on February 22, 2019, made away with 2.09 million EOS worth about $7.7 million after a new active EOS Block Producer failed to update the mainnet account blacklist - typically, a decentralized platform should not be vulnerable to a single point of failure - but EOS seems...

U.S. Hosts More than 50 Percent of all Bitcoin Nodes

March 1, 2019 by Priyeshu Garg at Adoption, Bitcoin, Blockchain, Development, News

As of February 24, 2019, the United States has the largest amount of Bitcoin nodes, according to research by DataLight. Bitcoin Nodes and Their Importance Simply stated, Bitcoin nodes are the computer programs which perform the validation of Bitcoin transactions. There is also a difference between full nodes and lightweight...

Leading Cryptocurrency and Finance Companies Answer CFTC on Ethereum

February 28, 2019 by Tom Nyarunda at Altcoins, Blockchain, Ethereum, Finance, News

The U.S. Commodity Futures Trading Commission (CFTC), through its LabCFTC initiative, has published an inquiry towards the end of December 2018 and sought public comments on fintech innovations, and now the results are in from a number of prominent industry figures. Gain Better Understanding of Ethereum Network According to an...

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