Tag: digital assets

Terra0 cofounders Paul Seidler and Paul Kolling never planned on tokenizing Dahlia’s, but after meeting at Berlin’s Universität der Künste (UDK), they found common inspiration in digitizing real world commodities. At first, the implications of an economically self-sustaining forest may be far-fetched, but their first experiment, Flowerokens, gives us a glimpse into an intriguing potential future. Terra0’s Roots Seidler and…

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The Winklevoss brothers seem to be unfazed by the recent rejection of their proposed Bitcoin ETF by the US Securities and Exchange Commission (SEC), as they continue to make inroads in the cryptosphere. The twin brother’s owned crypto exchange Gemini aims to double its employee count by December 2018. Lack of Regulations a Major Hurdle Although the market sentiment has…

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Saudi Arabia’s financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia. Bitcoin is Illegal in the Kingdom As stated in a press release by the standing committee, it is now officially against the law for citizens and residents of the Kingdom…

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On August 13, 2018, cryptocurrency trading surged in Turkey due to the recent plummet in the price of the Lira. As the Turkish government looks to restore investor confidence in the Lira, Koinum, the country’s largest crypto-exchange, announced a 63 percent increase in the trading volume of Bitcoin. At the same time, Paribu, and BTC Turk reported that their exchanges…

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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, the price of bitcoin declined by 15 percent despite bitcoin-positive…

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The Crime Suppression Division (CSD) of the Thai police have clamped down on a group of fraudsters who orchestrated a Bitcoin scam scheme that succeeded in swindling Aarmi Otava Saarimaa, a 22-year old Finnish national, of over 5,000 bitcoins, as first reported by the Bangkok Post on August 13, 2018. Smooth Crypto Criminal According to a Bangkok Post report, Aarni…

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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 frameworks are implemented in different political regimes. Technologies Don’t Map Precisely…

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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 budding crypto and blockchain-based companies, including crypto token exchanges, security…

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The term ‘stable coin’ refers to a cryptocurrency that has its value pegged to an asset that is unchanging in value. In the past, such digital tokens have mostly been associated with the US dollar, landing them at a valuation of $1. The main feature of stable coins is that their price remains stationary for the most part. Introduction to…

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Australia-based companies DigitalX Ltd. and Stargroup Ltd. recently partnered to create a two-way ATMs for cryptocurrency enthusiasts to buy and sell Bitcoin direct from ATMs.  While the agreement covers the entire international network of Stargroup ATMs, both companies are keen to begin the two-way ATM rollout in Australia. Partnership to cover the global network of Stargroup ATMs According to ATM…

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