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Grayscale Investments’ Q3 Report Shows Institutional Investors Are Taking Positions in Bearish Crypto Market

November 4, 2018 by Alex Lielacher at Altcoins, Bitcoin, Commentary, Finance, Investment, News

The Digital Currency Group-owned digital currency investment company, Grayscale Investments, has published its quarter three (Q3) 2018 report. The report highlights that institutional investors have made up the majority of its fund inflows in the last three months, which suggests that “smart money” may be buying into digital currencies in...

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Huobi MENA Introduces AI-Powered Hybrid Trading Platform

November 4, 2018 by Priyeshu Garg at Commentary, Development, Exchange, Finance, News

Huobi MENA, the global arm of Hubo Division for the Middle East, North Africa, and South Asian markets announced November 1, 2018, that it has teamed up with AI Trader, an artificial intelligence-based autonomous crypto trading system. Integrating AI into Trading Platform Under the new partnership, Huobi MENA will integrate...

Coinbase Roundup: Series E Funding, Institutional Interest, and Listing the Basic Attention Token (BAT)

November 4, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News, Regulation

American cryptocurrency exchange Coinbase has closed its fifth Series E funding round. On October 30, 2018, the company announced that it had successfully secured a $300 million investment “to accelerate the adoption of cryptocurrencies and digital assets.” This new influx of capital gives Coinbase a total valuation of over $8...

Coinsource, Inc. Granted Virtual Currency License by New York Regulators

November 3, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News, Regulation

Coinsource, Inc., a leading bitcoin teller machine (BTM) operator, has become the first of such firms in the world to be granted the infamous New York BitLicense, according to a press release by the New York State Department of Financial Services (DFS) on November 1, 2018. Coinsource Gets DFS Greenlight...

HSBC, HKMA, and Ten Other Banks Join Forces to Launch Blockchain-Based Trade Finance Platform

November 2, 2018 by Priyeshu Garg at Blockchain, Exchange, Finance, News, Platform, Tech

HSBC, in partnership with Standard Chartered and ten other banks, rolled out a new blockchain-powered trade finance program called eTrade Connect on October 31, 2018. The new platform aims at removing unwarranted delays hampering the efficiency of international trade. Blockchain for Automating Trade Finance Process eTrade Connect builds on the...

eToro Becomes First Investment Platform to Offer Binance Coin

November 2, 2018 by Guest Post at Altcoins, Exchange

eToro, the global, multi-asset, investment platform with over ten million registered users, has today added the Binance Coin (BNB) to its product range. This brings the total number of cryptoassets available on eToro to thirteen. eToro is the first platform to offer BNB to investors and traders to buy or...

Hong Kong Exchanges and Clearing Adopts Blockchain Technology

November 2, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Finance, News

Hong Kong Exchanges and Clearing (HKEX), China's publicly-traded holding company that claims to be one of the most extensive market operations in the world, is developing a distributed ledger technology (DLT) powered platform aimed at helping international investors trade mainland Chinese shares via the Hong Kong Stock Connect platform, reported...

Cryptocurrency Bridges Investment Gap for Millennials

Millennials Have Healthy Appetite for Crypto Recent Report States

November 1, 2018 by Nigel Dollentas at Adoption, Altcoins, Blockchain, Finance, News

A new report called “Millennials With Money” published in October 2018, by Edelman discussed some of the tendencies of the generation which included, among other things, there relatively open stance on cryptocurrencies and blockchain technology. Millennials and their Role in the Crypto Economy Millennials are the largest generation in the...

Changing Fintech Sentiment Attracts $600 Million from Warren Buffet’s Berkshire Hathaway

November 1, 2018 by Nigel Dollentas at Business, Finance, Investment, News

Changing sentiment towards the blend of finance and technology, commonly referred to as the Fintech sector, has now seen Warren Buffet investing $600 million into the industry, according to a Wall Street Journal article published October 30, 2018. Investment Details The money is split between two large companies in emerging...

Coinbase Raises $300 Million in Serie E Funding Round Led by Tiger Global

October 30, 2018 by contributor at Business, Exchange, Finance, Investment, News, Regulation

Establishing its dominance as the “Google of Cryptocurrencies,” San Francisco-based cryptocurrency exchange Coinbase raised $300 million in a recent Series E Round, as reported by Fortune on October 30, 2018. Coinbase a Crypto “Unicorn” As stated in a blog post, the $300 million round was led by New York-based Tiger...

Patience Pays: Get to Know Popular Investor Reinhardt Coetzee

October 30, 2018 by Guest Post at Altcoins, Exchange, Finance, Platform

Ask any trader and they’ll tell you: diversifying your portfolio is one of the best ways to reduce risk. If you’re curious about branching out to other assets, definitely check out Reinhardt Coetzee — this South African Popular Investor is proof that low-risk, long-term investing can really pay off! Since...

Thailand Warns Public from Investing in 9 Unregistered ICOs

October 29, 2018 by contributor at Altcoins, Business, Exchange, Finance, News, Regulation

Thailand’s Securities and Exchange Commission (SEC) has forbidden the general public from investing in nine unregistered initial coin offerings (ICOs) and cryptocurrencies. The companies in question failed to duly register their business, despite the introduction of a framework to facilitate cryptocurrency investing, reported Bangkok Post on October 27, 2018. Nine...

BitGo Launches Ethereum-based “Wrapped Bitcoin” for Providing Liquidity to dApps and DEXs

October 29, 2018 by contributor at Altcoins, Bitcoin, Business, Ethereum, Finance, News

On October 26, 2018, crypto-finance company BitGo announced the launch of Wrapped Bitcoin (WBTC), an ERC20-compliant token built on the Ethereum blockchain and collateralized on a one-to-one basis with bitcoin. “Power of Bitcoin” Described as the “Power of Bitcoin and the Flexibility of ERC20,” the token’s website notes a majority...

Visa's Latest Blockchain Solution Protects Permissioned Ledgers Against Malicious Actors

Visa Says Cryptocurrencies Are not a Threat, Might Adopt Crypto Assets in the Future

October 27, 2018 by Priyeshu Garg at Adoption, Altcoins, Bitcoin, Business, Commentary, Finance, News

Visa CEO Al Kelly doesn't see cryptocurrencies posing a threat to Visa in the near future, and said that the financial services giant won't get into the cryptocurrency business until they become more traditional payment instruments, CNBC reported on October 25, 2018. Visa Not Keen on Crypto Investments Just yet...

Nasscom Urges Indian Startups to Shy away from Cryptocurrency

October 27, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), a nonprofit body focused on handling India's information technology sector, has said that bitcoin and other digital assets are illegal in India. As such, businesses are required to desist from engaging in crypto-related activities, reported the...

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