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Private Equity Firm GSR Capital Invests $270 Million in Blockchain Startup tZero

August 12, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Finance, News

Hong-Kong private equity company GSR Capital is set to invest a whopping $270 million in Overstock’s blockchain based startup tZero. According to a press release published on August 9, 2018 Overstock also confirmed that GSR Capital would make an additional investment of about $30 million in tZero’s ICO, thus pushing...

Stable Coins 101: The What and The Why of Cryptocurrency’s Most Price-Steady Offering

August 10, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Exchange, News

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...

ICOs Raise over $18 Billion Due to Wealthy Investors’ New Interest

August 10, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, Investment, News

We are barely out of the first half of 2018, and already ICOs have raised almost five times more than they did last year in total. August 8, 2018, reports from CoinSchedule claim that this is due to a new trend in ICOs: Target the rich. ICOs Turn to the...

Bitcoin Firm Paxos to Offer Post-Trade Confirmation Service for Gold Industry

August 10, 2018 by Priyeshu Garg at Blockchain, Business, Exchange, Finance, News

On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution Making the announcement, the company revealed that INTL FCStone Ltd.,...

$Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification$

Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification

August 10, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Business, Development, Finance, News

In an attempt to quicken and simplify the process of buying of cryptocurrencies, Shapeshift AG, the Swiss trading platform, announced its acquisition of Austin-based cryptocurrency converter company, Bitfract on August 7, 2018. Simplify Trading Operations Bitfract is an American firm whose platform allows its users to convert their bitcoin (BTC)...

How Traditional Banks Are Looking to Enter the Crypto Space

August 10, 2018 by Eric Czuleger at Altcoins, Bitcoin, Commentary, Finance, News

On August 8, 2018, JPMorgan’s Jamie Dimon stated that more banks are considering building businesses to work with the digital currency ecosystem, seeing the emerging space of cryptocurrencies as a blind spot for major financial institutions. A new Generation of Banking Dimon has dithered on his opinion about cryptocurrencies, once...

Zurich Bank Maerki Baumann Opens Accounts to Cryptocurrency Assets

August 8, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Finance, News, Regulation

Swiss bank Maerki Baumann has become the latest bank in Switzerland to adopt cryptocurrency assets, according to a report published on International Investment on August 6, 2018. Cautious towards Cryptocurrency Based out of Zurich, the bank will currently only accept crypto assets obtained in the form of payments for banking...

Pumps and Dumps of Cryptocurrencies: An Old Scam Made new

August 8, 2018 by Jefferson Nunn at Altcoins, Crime, Exchange, Finance, News, Regulation

In sharp contrast to their original mission statement, there are many “pink sheet” or “penny stock” scams that go mostly unnoticed by the SEC and the exchanges. These Microcap Stock Fraud schemes run into the billions annually according to August 8, 2018, reports. Pumps and Dumps Perhaps the first classical...

UBS: Bitcoin Is far from Replacing the Dollar

August 8, 2018 by Eric Czuleger at Adoption, Bitcoin, Finance

Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000. This seems like a long way to go...

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Goldman Sachs May Start Offering Custodial Services for Cryptocurrency this Year

August 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News

Investment banking giant, Goldman Sachs, is looking to launch custodial services for cryptocurrency soon, according to a Bloomberg report on August 6, 2018. Goldman Sachs Vault? According to sources close to the matter, Goldman Sachs Inc., a New York-based multinational investment bank, is seriously pondering venturing into the cryptospace. If...

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