#finance

Someone Sent $99 Million in Litecoin, Costing Just $0.40 in Fees

April 24, 2018 by Cindy Huynh at Altcoins, Finance, News

Cryptocurrency is proving time and time again as a more effective medium for money transfers than traditional payment systems. On Thursday, April 19, 2018, according to UK Business Insider, someone sent $99 million worth of Litecoin to another cryptocurrency wallet. While the identities of the parties involved were unknown, the...

Bitcoin Attracts Opportunity Seeking High-Speed Traders

Big Things Coming? Goldman Sachs May Soon Launch Crypto Trading Desk

April 24, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

In a bid to accentuate client interests in Bitcoin trading and other cryptocurrencies, Goldman Sachs has hired a crypto trader to run a dedicated trading desk. Last week, Justin Schmidt joined Goldman Sach’s securities division as VP and chairperson of digital asset markets. Previously, he was a senior VP at...

Bitcoin Platform Coinbase Bans WikiLeaks’ Account

April 24, 2018 by Pratik Makadiya at Bitcoin, Business, Commentary, Finance, News

Following a recent move by Coinbase, the most popular bitcoin exchange in the US, WikiLeaks’ account will be discontinued without notice as announced on April 21. In a tweet from the WikiLeaks shop’s official account on April 21, 2018, it was announced that the bitcoin exchange, Coinbase, had to discontinue...

Singapore and Hong Kong Emerging as the World’s Top Crypto-Friendly Business Cities

Singapore and Hong Kong Emerging as the World’s Top Crypto-Friendly Cities

April 24, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

After China implemented a blanket ban on cryptocurrencies in 2017, Singapore and Hong Kong have emerged as the leading business-friendly destinations for East Asian crypto companies aiming to raise funds via Initial Coin Offerings (ICOs). Singapore Becoming a ‘Hub’ For Crypto Businesses Anson Zeall, chairman of Association of Cryptocurrency Enterprises...

Banks in Iran Barred From Dealing in Bitcoin And Other Cryptocurrencies

April 24, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Regulation

According to a report in the local media outlet, IRNA which was quoted by Reuters on Sunday, April 22, 2018, Iran has become the latest country to have its apex bank prohibit other banks from engaging in crypto transactions. The central banks of India, Nigeria, and Pakistan are among some...

Circle Trade Raises Minimum Bitcoin OTC Limit to $500k

April 24, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

Minimum order size for bitcoin trades at Circle, one of the largest liquidity providers and over-the-counter (OTC) digital asset marketplaces in the world, has shot up to $500,000. That’s 100 percent higher compared to where the figure stood previously. Rising OTC order sizes OTC services are optimized for high net...

Crypto Markets Continue to Rally Suggesting Bitcoin’s Bear Market is Behind Us: Week in Review Apr. 23

April 24, 2018 by Alex Lielacher at News Digest

After a three-month bear market, it looks like the tide is finally turning for cryptoassets. The price of bitcoin has rallied for a second week in a row, by almost 10 percent week-on-week pushing towards the $9,000 mark. The prediction that cryptocurrencies would rally again after U.S. tax day is...

A Guide to Initial Coin Offerings (ICOs)

Investors Sue Another Crypto-Related Firm for ‘Disguising its ICO’

April 24, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Regulation

Xunlei, a China-based multinational firm has been dragged to Court by investors who feel they were deceived by the firm to invest in its ICO project in 2017. Initial Coin Offering or Puff of Smoke? The CEO of Xunlei, Chen Lei has strongly refuted accusations leveled against his firm claiming...

ICICI Bank Onboards 250 Corporate Clients for its Blockchain Application

April 23, 2018 by Rahul Nambiampurath at Blockchain, Business, News

ICICI Bank, India’s second-largest private financial institution, is making significant progress in its blockchain-related efforts that first came to light in 2016. According to a press release issued by the bank April 17, 2018, over 250 of its corporate customers have since “signed up on the Bank’s blockchain application.” ICICI...

Binance Spur Blockchain Development with Uganda Partnership

Binance to Support Blockchain-powered Economic Transformation in Uganda

April 23, 2018 by Kieran Smith at Altcoins, Blockchain, Business, Finance, News

Changpeng Zhao, the esteemed CEO of Binance, has announced a partnership with Crypto Savannah that will focus on implementing blockchain solutions in Uganda. The Binance CEO tweeted the news from the country, where he has met with the local Blockchain Association to discuss collaboration to promoting economic development. The partnership...

Tezos Co-Founder FINRA Suspension Could Impact Project Launch

April 23, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation

The fine issued by the Financial Industry Regulatory Authority (FINRA) to Tezos co-founder Arthur Breitman could reportedly affect the Tezos project, especially if the SEC deems its tokens to be a security. On April 18, 2018, Breitman was fined $20,000 for alleged violations of FINRA regulations, a charge he neither...

Moon Web Extension Allows Amazon Purchases with Bitcoin (BTC)

Amazon Wins Bitcoin Patent; System To Help Marketplaces, Logistics, and Law Agencies

April 23, 2018 by contributor at Altcoins, Bitcoin, Business, Commentary, News

E-commerce leader Amazon has recently won a patent which grants them the authority to set up a streaming data marketplace, allowing the users to view cryptocurrency transactions in real time. Subsidiary Wins Patent Granted to a subsidiary - Amazon Technologies - of the e-commerce and cloud computing giant, the patent...

two hands touching a blue blockchain block

IBM Trials Blockchain Powered Trade Finance Platform with International Banks

April 23, 2018 by Rahul Nambiampurath at Blockchain, Business, Commentary, Finance, News, Tech

IBM announced that its blockchain technology-based trade finance platform, Batavia, has successfully passed its first set of live transactions on the network on April 19, 2018. The purpose of the platform is to be able to “track and trace key events in the supply chain” as well as use IoT...

Audacity: Crypto Exchange Kraken CEO Tells New York Attorney General to Mind His Business

April 23, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Commentary, News, Regulation

At a time when several cities and nation-states of the world are warming up to regulating the blockchain and cryptocurrency ecosystem, Kraken, a pioneer bitcoin and altcoin exchange, have made it clear to New York regulators that it won't respond to their irrelevant inquiries. Mind Your Own Business At current,...

Ledger Adds Support for Bitcoin Blockchain Timestamp Application Woleet

April 23, 2018 by Pratik Makadiya at Bitcoin, Blockchain, Business, News, Tech

On April 18, 2018, Paris-based hardware wallet manufacturer Ledger, officially announced added support for the Woleet project, a blockchain-based timestamp, and signature app, to its crypto hardware wallet Ledger Nano S. A Cost-Effective Way to Certify Digital Documents on the Blockchain In the existing physical system, authenticating documents can lead...

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