Pantera Capital’s CIO says that cryptos are bottoming out, believes next bull run will see market rise ‘10x’

In a recent interview with Bloomberg, Pantera Capital’s CIO, Joey Krug, said that cryptocurrencies are bottoming out and he believes the cryptocurrency market will rise 10X. Joey Krug, the Chief Investment Officer of Pantera Capital, one of the largest cryptocurrency investment firms, spoke with Bloomberg about the state of cryptocurrencies, showing optimism that digital currencies“Pantera Capital’s CIO says that cryptos are bottoming out, believes next bull run will see market rise ‘10x’”

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Fidelity Investments launches Fidelity Digital Assets, making it easy for institutions to invest in crypto

Fidelity Investments has announced the launch of Fidelity Digital Asset Services, making it easier for institutional investors to buy cryptocurrencies. Fidelity Investments, one of the largest and most diversified financial service firms in the world, has launched Fidelity Digital Asset Services, LLC, a new company that will provide enterprise-quality trade execution and custody of digital“Fidelity Investments launches Fidelity Digital Assets, making it easy for institutions to invest in crypto”

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Cryptocurrency payment platform BitPay launches stablecoin settlement

BitPay, the U.S. payment processor, has now started supporting stablecoins, making it possible for merchants to receive settlements in Circle USD Coin and Gemini dollars. Benefitting from blockchain technology According to an announcement published on October 15, merchants using the BitPay payment platform can now receive settlements from all over the world, regardless of whether“Cryptocurrency payment platform BitPay launches stablecoin settlement”

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Sony to use blockchain technology to develop rights management system for digital content

Sony has announced the development of a digital content rights management system that will utilise blockchain technology. Japan-based Sony Music Entertainment and Sony Global Education, the two groups under the Sony umbrella, have announced that they will be using blockchain technology to develop a rights management system for digital content. The system will be used“Sony to use blockchain technology to develop rights management system for digital content”

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Boxing legend Manny Pacquiao on the verge of launching his much awaited cryptocurrency

There seems to be a possibility at last for boxing legend Manny Pacquiao’s long awaited cryptocurrency to launch before the end of the year, according to a report by StraitsTimes. StraitsTimes reports that Global Crypto Offering Exchange (GCOX), a Singapore-based cryptocurrency exchange firm is currently on the driving seat for the launch of the much-hyped“Boxing legend Manny Pacquiao on the verge of launching his much awaited cryptocurrency”

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SEC stops a fraudulent ICO that had claimed to have the regulator’s approval

The U.S financial watchdog, Securities and Exchange Commission (SEC), announced on Thursday it had given an emergency court order to stop an Initial Coin Offering (ICO) that had falsely claimed to have obtained its approval. Through the emergency court order, the SEC suspended the Blockvest LLC led ICO project and its pre-ICO sales. Fraudulent schemes“SEC stops a fraudulent ICO that had claimed to have the regulator’s approval”

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Coinbase lists its first ERC-20 token

Coinbase, the leading U.S. cryptocurrency exchange, has commenced listing the 0x (ZRX) token as per an announcement made announcement published on October 11. Exploring new waters By listing ZRX, Coinbase makes has supported listing an ERC-20 token for the first time. ERC-20 are tokens built on the Ethereum (ETH) blockchain platform that follow specific rules“Coinbase lists its first ERC-20 token”

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Bitcoin drops 4.2% as cryptocurrency market loses $13 billion in a few hours

Bitcoin, the largest cryptocurrency in terms of market capitalisation, has dropped 4.2% in the last 11 hours as the entire cryptocurrency market lost a whopping $13 billion in terms of market capitalisation. Bitcoin, a coin that has shown incredible stability for several months now, has suddenly plunged over 4.2% in the last 24 hours, dragging along“Bitcoin drops 4.2% as cryptocurrency market loses $13 billion in a few hours”

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The annual Hurun China Rich List features prominent cryptocurrency faces

The annual Hurun China Rich List, a catalogue that lists persons with a net worth of over 2 billion Yuan (158 million GBP) is out, and this time a good number of crypto entrepreneurs have made the list. Mining heavyweights According to the release published on October 10, at least 13 entrepreneurs whose businesses are“The annual Hurun China Rich List features prominent cryptocurrency faces”

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Bitcoin Cash advocate Roger Ver looks into opening a BCH focused crypto exchange

In an exclusive interview with Bloomberg in Malta, Bitcoin Cash advocate Roger Ver said that he is considering launching a BCH focused cryptocurrency exchange. Roger Ver, a cryptocurrency industry veteran, revealed that his company, Bitcoin.com, is looking into joining the cryptocurrency exchange sector, launching a BCH-focused platform. In the interview, Ver noted that he has“Bitcoin Cash advocate Roger Ver looks into opening a BCH focused crypto exchange”

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The Swiss Financial Market Supervisory Authority issues first cryptocurrency asset management licence

The Swiss Financial Market Supervisory Authority (FINMA) has finally made a move to issue the first cryptocurrency asset management licence to a crypto investment fund in Switzerland. According to a report from Swissinfo, the Swiss media outlet, the recipient of the asset management licence is Crypto Fund, a subsidiary founded by Crypto Finance, the Zug-based“The Swiss Financial Market Supervisory Authority issues first cryptocurrency asset management licence”

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UK telecoms regulator receives grant to explore blockchain to improve management of landline telephone numbers

The UK telecoms regulator, Ofcom, has received a grant to explore blockchain technology to improve the country’s landline phones. Ofcom, the United Kingdom Office of Communications, has been offered a grant of £700,000 by the Department of Business, Energy and Industrial Strategy to examine the potential of blockchain technology when it comes to improving the“UK telecoms regulator receives grant to explore blockchain to improve management of landline telephone numbers”

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Binance delists several cryptocurrencies, including Bytecoin (BCN)

In an announcement made less than an hour ago, the leading cryptocurrency exchange by market volume, Binance, have officially de-listed 4 cryptocurrencies, one of them being top 30 cryptocurrency token Bytecoin (BCN). The four tokens that have been officially removed from the Binance exchange listing are Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG).“Binance delists several cryptocurrencies, including Bytecoin (BCN)”

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Binance to make crypto listing fees public, donate 100% to charity

Binance, the current leading crypto exchange by trading volume made an announcement on Monday to the effect that it will be disclosing the listing fees for new cryptocurrencies and token projects wanting to register with the exchange and putting 100% of the fees towards donation. According to the announcement, token projects that seek to be“Binance to make crypto listing fees public, donate 100% to charity”

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Major Cryptocurrency exchange Bitfinex appears to be using services of banking giant HSBC

Larry Cermak, the current head analyst at The Block has reported that Bitfinex, a leading crypto exchange has secured a banking partner in the London-based banking giant, HSBC. — Larry Cermak (@lawmaster) October 06, 2018 ‘Global Trading Solutions’ According to the report, HSBC has brought on Bitfinex via a private account known as ‘Global Trading“Major Cryptocurrency exchange Bitfinex appears to be using services of banking giant HSBC”

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PwC partners with co-founder of UP Alliance, Cred, and new dollar-pegged stablecoin

PricewaterhouseCoopers (PwC) has joined hands with the co-founder of UP Alliance, Cred, and a new stable coin to help increase awareness on how asset-backed digital token ecosystems can be scaled and secured to support new cryptocurrency asset users. PwC, a professional services firm headquartered in London, UK, has collaborated with Cred, the co-founder of UP“PwC partners with co-founder of UP Alliance, Cred, and new dollar-pegged stablecoin”

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Alibaba files patent for a blockchain system that will enable administrative intervention

Alibaba, the Chinese e-commerce conglomerate, has filed a patent application for a blockchain-based system with the U.S Patent and Trademark Office (USPTO). Intervening in a smart contract According to a report published by the USPTO on Oct. 4, the blockchain-based system filed for by Alibaba will make it possible for third-party administrators to intervene in“Alibaba files patent for a blockchain system that will enable administrative intervention”

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SEC continues bitcoin ETF approval delay, sets October 26 as the new deadline to file comments

The US Securities and Exchange Commission (SEC) appears to be delaying the review of Bitcoin ETFs, as it sets a new October 26 deadline to file comments for Direxion Daily, GraniteShares, and ProShares. While the cryptocurrency community still waits patiently for a possible bitcoin ETF approval, the SEC has released details of another deadline that“SEC continues bitcoin ETF approval delay, sets October 26 as the new deadline to file comments”

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Digital currency wallet and exchange, Abra launches new token

The exchange and digital asset wallet, Abra has introduced a new token dubbed BIT10 that can track the Bitwise 10 Large Cap Crypto Index, as per an announcement published on October 3. The Bitwise 10 Large Cap Crypto Index is a program introduced by Bitwise, the asset management firm, and is currently listed on Abra“Digital currency wallet and exchange, Abra launches new token”

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Coinbase soon to valued as an $8 billion startup

Coinbase is in the final stages of closing on a deal that would see the company’s value stand at about $8 billion, making it one of the highest valued start-ups in the United States. A $500 million investment With this deal, Coinbase continues to make further strides in the cryptocurrency space, as well as convincing“Coinbase soon to valued as an $8 billion startup”

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Bank of America: blockchain to be a multi-billion pound market, providing opportunity for big tech companies

Analysis conducted by the Bank of America shows that blockchain technology has the potential to eventually be a multi-billion pound market, providing a great opportunity for big technology companies, according to a CNBC post. Based on analysis conducted by the Bank of America, the blockchain technology market will eventually be a £5.38 billion ($7 billion)“Bank of America: blockchain to be a multi-billion pound market, providing opportunity for big tech companies”

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CFTC chairman on the future of cryptocurrencies, says ‘cryptocurrencies are here to stay’

In an interview with CNBC, the U.S. Commodity Futures Trading Commission (CFTC) Chair, Chris Giancarlo, discussed cryptocurrencies and their impending regulation, noting that crypto is here to stay. Speaking on CNBC Fast Money show on Tuesday, the chairman of CFTC, Chris Giancarlo, talked about the future of cryptocurrencies and regulatory matters, showing a bullish stance“CFTC chairman on the future of cryptocurrencies, says ‘cryptocurrencies are here to stay’”

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Ripple Officially launches xRapid

xRapid, Ripple’s real-time settlement platform is now available commercially as per an announcement made on October 1. xRapid xRapid is Ripple’s brainchild, which is designed to improve international payments by doing away with the necessity of a pre-funded Nostro account. The product is believed to source liquidity from XRP on exchanges across the world, thus“Ripple Officially launches xRapid”

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Opera partners with Ledger Capital to step up blockchain initiative

Opera, the Norway-based internet browser has made public its strategic partnership with Ledger Capital, an advisory and financial services firm. In a press release published on Friday, Opera and Ledger Capital have drafted a formula of working together to help advance the application and use case of blockchain technology. The partnership will look at how“Opera partners with Ledger Capital to step up blockchain initiative”

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Most cryptocurrencies maintain stability as Ethereum and Ripple (XRP) fight it out for the #2 spot

Most cryptocurrencies have maintained their stability over the past one week, with Ethereum and Ripple (XRP) fighting it out for the second spot in terms of market capitalisation, according to CoinMarketCap. Bitcoin The pioneer cryptocurrency, bitcoin, benefitted from a handful of positive reports in the last week of September, including news that Google would revert“Most cryptocurrencies maintain stability as Ethereum and Ripple (XRP) fight it out for the #2 spot”

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Coinbase introduces the ‘Coinbase bundle’ to facilitate crypto trading

Popular online wallet service and cryptocurrency exchange, Coinbase has launched a new update dubbed the ‘Coinbase Bundle’ that is expected to help simplify cryptocurrency trading. The bundle In an announcement posted on September 27, Coinbase noted that it has created a cryptocurrency bundle comprised of five cryptocurrencies, which is proportional to the market capitalisation of“Coinbase introduces the ‘Coinbase bundle’ to facilitate crypto trading”

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SEC files charges against bitcoin-funded securities dealer 1Broker and Its CEO

The Securities and Exchanges Commission (SEC) has filed charges against 1Broker and its CEO for violating federal securities laws regarding security-based swaps funded with bitcoin. In a bid to protect U.S. investors across various platforms, the SEC has filed charges against the Republic of Marshall Island-based securities dealer, 1Broker, along with its CEO. The SEC“SEC files charges against bitcoin-funded securities dealer 1Broker and Its CEO”

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FedEx joins Hyperledger to help push logistics efficiency

FedEx the global shipping giant has joined the Hyperledger consortium, making it one of the 14 newest members to join. FedEx has hitherto been known to be a proactive adopter of blockchain technology. By joining the Linux hosted open-source project dubbed Hyperledger, it hopes to increase its own logistics efficiency. Hyperledger is a revolutionary platform“FedEx joins Hyperledger to help push logistics efficiency”

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Dell explores blockchain to drive server expansion in India

Dell revealed that it is looking to explore newer products with blockchain technology, artificial intelligence, and analytics in order to retain its prime position as the server solution leader in the Indian market. Technology Giant Dell EMC Technologies is one of the most recent companies that have revealed its plans to implement blockchain technology into“Dell explores blockchain to drive server expansion in India”

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ICE’s Bakkt announces its first crypto contracts will be physical Bitcoin futures

Intercontinental Exchange (ICE) announced that its Bakkt cryptocurrency exchange will launch its first crypto contract, which will take the form of physical bitcoin futures. In a tweet made yesterday, ICE’s Bakkt, which operates the NYSE (New York Stock Exchange), revealed that its first cryptocurrency contract will be physical bitcoin futures, finally allowing institutional investors who“ICE’s Bakkt announces its first crypto contracts will be physical Bitcoin futures”

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Google reverses crypto advertising ban in the U.S. and Japan

After much uproar over Google’s ad policy on cryptocurrency, the tech giant seems to have yielded to pressure and is now set to re-allow cryptocurrency exchanges to place ads on its platform. In an official post released on Tuesday, the company announced that it was planning to re-introduce crypto ads for registered crypto exchanges targeting“Google reverses crypto advertising ban in the U.S. and Japan”

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Coinbase partners with Caspian to attract institutional investors

Coinbase has joined hands with Caspian in a bid to drive up the number of institutional investors seeking to trade digital assets. Coinbase, the largest cryptocurrency brokerage in the world, has partnered with Caspian, an institutional grade full-stack cryptocurrency trading and risk management platform for skilled investors and traders, looking to leverage the platform’s full-stack“Coinbase partners with Caspian to attract institutional investors”

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Smart Dubai launches blockchain-based payment system in collaboration with the Dubai Department of Finance

Developed in collaboration with the Dubai Department of Finance, Smart Dubai Office (SDO) has launched a blockchain-based ‘payment reconciliation and settlement’ system that will enable real-time payment processing, expediting government transactions, according to a press release. Yesterday, the SDO launched a ‘payment reconciliation and settlement’ system, in collaboration with the Dubai Department of Finance, upgrading“Smart Dubai launches blockchain-based payment system in collaboration with the Dubai Department of Finance”

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BitPesa partners with Japan’s SBI Remit for cross border payments

BitPesa, a Kenyan-based digital foreign exchange and digital payment platform has partnered with SBI Holdings, one of the largest remittance providers in Japan to help ease cross-border payments between Africa and Japan. BitPesa is a reputable firm that that makes use of blockchain technology to reduce speeds and lower costs of payment to and from“BitPesa partners with Japan’s SBI Remit for cross border payments”

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Ripple (XRP) overtakes Ethereum to be the second most valuable cryptocurrency

At 14:40 London time today, Ripple (XRP) continued its huge surge, taking over Ethereum (ETH) to once again become the second most valuable cryptocurrency behind Bitcoin. After a hugely positive roundof news coming out regarding its RippleNet partnerships with large financial institutions such as the National Bank of Saudi Arabia, and the PNC Bank of“Ripple (XRP) overtakes Ethereum to be the second most valuable cryptocurrency”

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Ripple’s XRP surges 45% overnight, with most altcoins also recording price gains

Ripple’s XRP has surged 45% in the last 24 hours, as other top cryptocurrencies such as Bitcoin, Ethereum and Bitcoin Cash record a price gain, according to CoinMarketCap. It’s a good day for cryptocurrency investors as most altcoins recorded impressive price gains in the last 24 hours. Ripple’s XRP has been the most notable coin“Ripple’s XRP surges 45% overnight, with most altcoins also recording price gains”

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PNC Bank partners with Ripple to take advantage of its xCurrent software solution

PNC Bank, one of the largest banks in the U.S, has become the latest conventional financial institution to join RippleNet, Ripple’s proprietary blockchain network. 8 million customers Currently boasting more than 8 million customers and with its presence established across 19 states, this partnership should enable PNC’s large customer base to send and receive real-time“PNC Bank partners with Ripple to take advantage of its xCurrent software solution”

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Japan’s cryptocurrency exchange Zaif hacked for £45.49 million ($60 million)

Zaif, one of Japan’s leading cryptocurrency exchanges, has admitted that it fell victim to a hack amounting to a staggering £45.49 million ($60 million). Zaif users started experiencing issues with withdrawals and deposits on September 14, but it wasn’t clear whether it was something to do with maintenance issues or not. However, Zaif exchange discovered“Japan’s cryptocurrency exchange Zaif hacked for £45.49 million ($60 million)”

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New York Attorney General Barbara D. Underwood blasts cryptocurrency exchanges

In a report published on the New York Attorney General’s website, Barbara D. Underwood, the New York Attorney General, attacked cryptocurrency exchanges reckoning that they do not have any workable procedures that ensure integrity, fairness, and security. Unlawfully acting exchanges? Based on the results of her report, Underwood accused three specific exchanges of possibly acting“New York Attorney General Barbara D. Underwood blasts cryptocurrency exchanges”

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UK Treasury Committee calls for regulation of the ‘wild west’ crypto-asset market

The UK’s Treasury Committee has published a unanimously-agreed report, calling for more regulation of the ‘wild west’ crypto-asset market. UK MPs sitting in the Treasury Committee made a unanimous decision on the cryptocurrency market, calling for more oversight and regulation of the industry. Crypto-assets are ‘especially risky’ According to their report, crypto-assets including ICOs are“UK Treasury Committee calls for regulation of the ‘wild west’ crypto-asset market”

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Ukrainian parliament proposes taxes on cryptocurrencies

Ukrainian parliament, the Verkhovna Rada, has put forth a bill that would tax crypto asset operators once passed into law. According to a draft law published on September 14 initiated by 23 government officials, the Ukranian parliament has offered a suggestion of a 5% tax on legal entities (individuals) with digital assets like cryptocurrency tokens.“Ukrainian parliament proposes taxes on cryptocurrencies”

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Bitfinex launches Ethfinex, an Ethereum-based hybrid decentralised exchange and trading platform

One of the world’s leading crypto exchange platforms, Bitfinex, announced Ethfinex Trustless, a decentralised Ethereum-based cryptocurrency Exchange. Bitfinex has launched Ethfinex Trustless, an Ethereum-based hybrid cryptocurrency exchange, in a bid to guarantee users increased privacy and security. The platform utilises off-chain, centralised order books, leaving users with full control over their funds. Powered by the“Bitfinex launches Ethfinex, an Ethereum-based hybrid decentralised exchange and trading platform”

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Binance to hit the Singapore market with newly launched crypto-fiat exchange

On its quest to expand and diversify its range of exchangeable currencies, Binance now plans to launch a beta version of a fiat-crypto exchange in Singapore on the 18th of September. Beta stage According to a tweet from the CEO and co-founder Changpeng Zhao, Binance, the largest crypto exchange at present will start a private“Binance to hit the Singapore market with newly launched crypto-fiat exchange”

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CoolBitX partners with Charlie Lee and the Litecoin Foundation to launch the CoolWallet S in the US

The cryptocurrency hardware wallet manufacturer, CoolBitX has just announced its partnership with the Litecoin Foundation, headed by Charlie Lee, founder of Litecoin (LTC). Warming up to a US audience CoolBitX have made this move on the backdrop of its impending CoolWallet S launch in the United States. The partnership aims to make the US audience“CoolBitX partners with Charlie Lee and the Litecoin Foundation to launch the CoolWallet S in the US”

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Saudi Arabia’s National Commercial Bank joins RippleNet

Cross-border payment solution provider, Ripple/XRP, announced that Saudi Arabia’s National Commercial Bank (NCB) had become its latest enterprise customer, joining its RippleNet. Following Ripple/XRP’s pilot with the Saudi Arabian Monetary Authority earlier in February 2018, one of the largest financial institutions in the Middle East, the National Commercial Bank (NCB), has now joined RippleNet, a“Saudi Arabia’s National Commercial Bank joins RippleNet”

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Ribbit Capital, FinTech investor sets $420 million goal for its latest blockchain fund

Ribbit Capital, a US-based venture capital firm hopes to raise $420 million for its latest blockchain related fund, according to its SEC filing. Ribbit Capital, the venture capital firm founded by Meyer ‘Micky’ Malka (a FinTech entrepreneur) has built a large portfolio of reputable blockchain and cryptocurrency projects, and this oncoming fund will be its fifth“Ribbit Capital, FinTech investor sets $420 million goal for its latest blockchain fund”

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John McAfee says that bitcoin is the top coin for processing payments, but still in an ‘infant state’

In an exclusive interview with AMBCrypto during the CoinsBank Blockchain Cruise, John McAfee, a well-known programmer and the founder of McAfee Associates, spoke about the economics of bitcoin and its use in processing payments, saying that bitcoin is ‘the number one coin for processing payments.’ McAfee’s bitcoin price prediction The computer programmer and businessman said“John McAfee says that bitcoin is the top coin for processing payments, but still in an ‘infant state’”

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The Securities exchange commission (SEC) takes first action against crypto hedge fund

The SEC (Securities Exchange Commission) have fined and issued a cease and desist order to CAM (Crypto Asset Management). Cease and desist According to the SEC’s statement, it was misleading for CAM to term itself as the ‘first regulated crypto asset fund in the U.S’, which allowed them to raise £3.6 million from its investors.“The Securities exchange commission (SEC) takes first action against crypto hedge fund”

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Ethereum drops to trade at £134 ($175), a new 2018 low

Major cryptocurrencies are under pressure yet again. Ethereum in particular continued its plunge, and is currently being traded at £134 ($175) as of 10:20 BST, a new 2018 low. The last few weeks have not been promising for the cryptocurrency market, as most coins have failed to test major resistance levels. Although volatility is still“Ethereum drops to trade at £134 ($175), a new 2018 low”

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Canada’s first Bitcoin mutual fund launches, eligible for qualified investors

A Canadian cryptocurrency and blockchain investment firm, First Block Capital Inc., has announced that it’s launching the first and only regulated bitcoin fund in the country, allowing accredited investors to place funds in registered accounts. First Block Capital has reported that its flagship product, the FBC Bitcoin Trust, has now attained mutual fund status, allowing“Canada’s first Bitcoin mutual fund launches, eligible for qualified investors”

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The Winklevoss twins get NY regulator’s nod for a dollar-pegged cryptocurrency

The Winklevoss twins have finally attained an approval from the New York Department of Financial Services (NYDFS) a U.S. regulator for a dollar-pegged cryptocurrency. Tyler and Cameron Winklevoss, well known for being bitcoin billionaires, have been given the green light by the NYDFS to launch the Gemini Dollar, a new US dollar-pegged cryptocurrency and stable“The Winklevoss twins get NY regulator’s nod for a dollar-pegged cryptocurrency”

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The Securities Exchange Commission (SEC) suspends two crypto products amid confusion

The Securities Exchange Commission (SEC) has suspended the trading of two Swedish crypto investment products effective immediately, citing confusion. A failed bid to beat the system The SEC oversaw the temporary suspension of the Bitcoin Tracker One and Ether Tracker One cryptocurrency products over what it described as confusion among traders. The confusion around the“The Securities Exchange Commission (SEC) suspends two crypto products amid confusion”

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Coinbase plans to set up their own Bitcoin ETF

Coinbase, the US-based crypto brokerage has made public its intentions to create its own exchange–trade fund (ETF) in conjunction with popular Wall Street investment management firm, BlackRock. Coinbase is looking to get into the ETF space at a time where Bitcoin ETFs seem to be a hot potato in the cryptocurrency space, particularly when so“Coinbase plans to set up their own Bitcoin ETF”

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Goldman Sachs confirm that it is still working on bitcoin trading platform, calling out previous stories as ‘fake news’

At TechCrunch Disrupt, Goldman Sachs Chief Financial Officer Martin Chaves confirmed that the investment bank was still progressing with its plans to launch a Bitcoin trading platform, calling a previous story about it pulling out of such plans ‘fake news’. The previous days crash Within the last two days, the cryptocurrency market experienced a significant“Goldman Sachs confirm that it is still working on bitcoin trading platform, calling out previous stories as ‘fake news’”

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Bitcoin dips sharply, losing $1,000 in a day and Ethereum falls to a 2018 low

The price of Bitcoin recorded a sharp decline, dropping £771 ($1,000) overall in a day to trade a little above £4,939 ($6,400). Meanwhile, Ethereum continued to plunge, dropping 19% in price to trade at £173 ($225) – its lowest in a year. Up until Wednesday 08.00 UTC, the price of Bitcoin had been climbing slowly“Bitcoin dips sharply, losing $1,000 in a day and Ethereum falls to a 2018 low”

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IBM and Stellar announce the ‘Blockchain World Wire’, a cross-border payment solution

IBM and Stellar Lumens (Stellar) have just announced the ‘Blockchain World Wire’, a cross-border payment system, which is expected to compete with Ripple’s/XRP’s xRapid. Tech giant IBM has been working on a number of retail and enterprise solutions in the blockchain space, and it has just finalised a cross-border payment solution known as the Blockchain“IBM and Stellar announce the ‘Blockchain World Wire’, a cross-border payment solution”

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Monero warns: Mega.nz’s Chrome extension compromised

MEGA.nz, the famous file sharing service have had their official Chrome extension compromised due to the implementation of a malicious code that intercepts passwords, usernames and even private keys for cryptocurrency asset Monero (XRM). In a stern warning posted through its Twitter and Reddit accounts, Monero has advised holders of XRM to avoid MEGA by“Monero warns: Mega.nz’s Chrome extension compromised”

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Deutsche Bank’s Yasuo Matsuda joins Japanese crypto startup FXcoin

Yasuo Matsuda, a former foreign-exchange dealer at Deutsche Bank has joined FXcoin Ltd., a startup Japanese crypto exchange as a strategist. Later this September, Matsuda will be part of the FXcoin team and is expected to help lay the right strategies in place that will see the firm improve its trading business. His day-to-day procedure“Deutsche Bank’s Yasuo Matsuda joins Japanese crypto startup FXcoin”

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Bitcoin Cash’s stress test achieves more transactions in 24 hours than any other blockchain in history

According to data during the 24 hours of the ‘Bitcoin Cash Stress Test’, the BCH network was confirmed to handle more than 2 million transactions, which is the highest amount of transactions ever handled by any blockchain within a day. The Bitcoin Cash network was put to test on September 1, 2018, in a bid“Bitcoin Cash’s stress test achieves more transactions in 24 hours than any other blockchain in history”

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Japan’s Financial Services Agency (FSA) review registration screening process for cryptocurrency exchanges

The Financial Services Agency (FSA), Japan’s premier financial regulator, is on a mission to tighten the registration screening process for cryptocurrency exchanges. The Japanese government is no doubt a pioneer in the cryptocurrency space. Its constant efforts to introduce bitcoin and other cryptocurrencies in general to the masses are exemplary, but it also prioritises the“Japan’s Financial Services Agency (FSA) review registration screening process for cryptocurrency exchanges”

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Bullish projection on Bitcoin: price to hit $98,000 in 5 years

The Bitcoin price could potentially hit a $98,000 (£75,350) price value, according to recent research done by Satis Group, an ICO advisory firm. Satis group believes that in the next five years, Bitcoin’s price will surge substantially to unprecedented levels. This was stated in a report written by Michael Hodapp and Sherwin Dowlat, as part“Bullish projection on Bitcoin: price to hit $98,000 in 5 years”

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Ethereum co-founder defends Tether against price manipulation accusations

Ethereum co-founder Joseph Lubin has come out guns blazing to defend Tether against price manipulation accusations. Joseph Lubin doesn’t seem to be convinced about the manipulation narrative against stablecoin Tether (USDT). In an interview with Yahoo Finance on August 28, Lubin said that he has doubts about the entire manipulation saga. Manipulating Bitcoin? Tether is“Ethereum co-founder defends Tether against price manipulation accusations”

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Digitial currency insurance: Lloyd’s of London to insure US custody firm

In its bid to protect investors from the theft of assets, Kingdom Trust, a US-based custodial firm seeks to launch an insurance coverage for cryptocurrency. According to a press release on August 28, Lloyd’s of London (better known as Lloyd’s), an insurance market leader in London will provide insurance for Kingdom Trust and their crypto“Digitial currency insurance: Lloyd’s of London to insure US custody firm”

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NASAA cracks down on over 200 ICOs in US cryptocurrency investigation

The North American Securities Administrative Administration (NASAA) announced that over 200 active investigations of ICOs and other crypto-related investment products are ongoing, in a bid to regulate the industry. The U.S. has stepped up its efforts in cracking down Initial Coin Offerings at a time when they have hit record levels. According to the report“NASAA cracks down on over 200 ICOs in US cryptocurrency investigation”

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Regulatory uncertainty and trust the biggest hurdles to blockchain adoption, per PwC

A survey done by PricewaterhouseCoopers (PwC) found that regulatory uncertainty and trust are the biggest hurdles to blockchain adoption among various businesses. PricewaterhouseCoopers (PwC), a professional auditing firm headquartered in London, UK, conducted a new study, dubbed “Blockchain is here. What’s your next move?”, which contains interviews with over 600 executives from 15 countries to“Regulatory uncertainty and trust the biggest hurdles to blockchain adoption, per PwC”

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Unprecedented blockchain moves by North Korea in the offing

After several months of deliberating, N. Korea finally seems to be warming up to the world of blockchain and cryptocurrencies. According to a report by the Korea Development Bank (KDB), a South Korean government-owned policy bank that manages and finances major industrial projects in the country, Pyongyang, the capital city of North Korea, is now“Unprecedented blockchain moves by North Korea in the offing”

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IOTA price surges 17% overnight thanks to Fujitsu announcement

The price of IOTA rose sharply on Monday following reports that Fujitsu is set to work with the blockchain platform to make it the new protocol standard. Fujitsu, a prominent Japanese technology company, came out in full support of IOTA, stating that it would go ahead and use IOTA protocol as a data store within“IOTA price surges 17% overnight thanks to Fujitsu announcement”

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SEC to review decision to reject all 9 Bitcoin ETF applications

In what is seen to be surprising news for the cryptocurrency community, the U.S. Securities and Exchange Commission (SEC) has decided to review its decision to reject all 9 Bitcoin ETFs. On Wednesday, the SEC made a decision to crash 9 Bitcoin exchange-traded funds (ETFs) applications made by GraniteShares, Direxion, and ProShares over concerns of“SEC to review decision to reject all 9 Bitcoin ETF applications”

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PornHub partners with PumaPay to offer revolutionary crypto payments

Pornhub, the Canadian adult content website just announced its intention to integrate PumaPay to enable its users to create recurring crypto payments for its subscription. In its bid to position itself as one of the leaders in crypto adoption online, Pornhub has recently been involved in major cryptocurrency related activities. Its plans to establish a“PornHub partners with PumaPay to offer revolutionary crypto payments”

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Chinese regulators identify and set to block 124 foreign crypto exchanges

Chinese regulators are now cracking the whip on foreign cryptocurrency exchanges and have moved in to block over 100 platforms from offering its trading services in the country. China has been on a constant uphill struggle to dissuade its citizens from participating in cryptocurrency trade, albeit with little success. However, its regulators are now taking“Chinese regulators identify and set to block 124 foreign crypto exchanges”

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SEC crushes 9 ETF applications: US Securities & Exchange Commission

The U.S. Securities and Exchange Commission (SEC) has rejected 9 Bitcoin ETF applications made by GraniteShares, Direxion, and ProShares. The much-awaited decision by the U.S. SEC to approve or reject applications by GraniteShares, Direxion and ProShares to list and trade Bitcoin exchange-traded funds (ETFs) is finally out, and the news is not pleasing for the“SEC crushes 9 ETF applications: US Securities & Exchange Commission”

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Unsuspecting users lose over £32,000 worth Ethereum, due to Google Play scam

Google’s Play Store recently came under scrutiny after reports emerged that it was hosting an Ethereum scam application. For years now, the cryptocurrency industry has been synonymous with unmatched creativity. As much as this has led to the development of unique products, projects, and services – unfortunately near-ingenious scams related to cryptocurrency have also emerged“Unsuspecting users lose over £32,000 worth Ethereum, due to Google Play scam”

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eToro brings Bitcoin to premier league football, partners with 7 clubs

eToro, a Tel Aviv-based multi-asset investment platform, has entered into a landmark partnership with seven English Premier League football clubs, allowing them to make payments to their players in bitcoin. In a tweet through the platform’s official handle, Iqbal V. Gandham, eToro’s UK MD, announced that it will be bringing bitcoin to football after launching“eToro brings Bitcoin to premier league football, partners with 7 clubs”

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Stop worrying about the energy consumption of Bitcoin mining, says energy researcher

Dr. Katrina Kelly-Pitou, a research associate at the University of Pittsburg, weighed in on the issue of bitcoin mining energy consumption, stating Bitcoin is not the “bad guy”. In an article on The Conversation, a non-profit academic outlet, Kelly-Pitou said that the energy consumption of Bitcoin mining is not a global crisis, commenting that the narrative“Stop worrying about the energy consumption of Bitcoin mining, says energy researcher”

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Virtual Commodity Association (VCA) regulatory body formed by Bitstamp, Gemini, Bitflyer and Bittrex

Crypto exchanges Bitstamp, Gemini, Bitflyer USA and Bittrex have teamed-up to create a self-regulatory organisation for digital assets. According to a post on Medium by Cameron Winklevoss on August 20th 2018, co-founder of Gemini, joining the Virtual Commodity Association (VCA) is a step towards “thoughtful regulation” for an industry in need. The 4 major exchanges formed“Virtual Commodity Association (VCA) regulatory body formed by Bitstamp, Gemini, Bitflyer and Bittrex”

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Cointree & Gobbill make paying utilities bills with Bitcoin possible for Australians

Australian crypto-enthusiasts are delighted as fin-tech startups Gobbill and Cointree partner up, facilitating the use of cryptocurrencies to pay for utility bills. Until now, users have been concerned over their ability to use cyptocurrencies. This signifies a huge shift for all. The move by locally operated Gobbill and Cointree ensure all Aussies pay their bills“Cointree & Gobbill make paying utilities bills with Bitcoin possible for Australians”

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Blockchain Wallet registering 50k user wallets per day, claims CEO

Despite the downturn currently hitting the cryptocurrency market, Blockchain Wallet says that it’s adding 50,000 users per day. Peter Smith, CEO and Co-founder of Blockchain.com, tweeted to correct the earlier reports that suggested Coinbase was registering 50,000 users per day. Smith continued to state that it’s “delightful” to see new users wanting to use cryptocurrencies.“Blockchain Wallet registering 50k user wallets per day, claims CEO”

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Genesis forcing users to upgrade unprofitable cloud mining contracts

Following a decline in cryptocurrency prices this year, Genesis Mining, an Iceland-based cloud mining service, has now taken an unprecedented step to compel some of its customers to upgrade their contracts on Bitcoin mining. Bitcoin price a problem for Genesis The cryptocurrency market hasn’t been rosy this year, no doubt. Considering the boom at the“Genesis forcing users to upgrade unprofitable cloud mining contracts”

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Crypto trader SFOX raises $22.7m with backing from Airbnb co-founder

Institutional cryptocurrency dealer SFOX has completed an initial round of funding backed by the co-founder of Airbnb, Nathan Blecharczyk, raising $22.7 million. The funds will be used for the development of an asset management platform for institutional investors. Led by Social Capital and Tribe Capital, the Series A funding round also included investments from other“Crypto trader SFOX raises $22.7m with backing from Airbnb co-founder”

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Cryptocurrency market bounces back after a tough few days

Despite the large dip in cryptocurrency prices on Monday and Tuesday, things now seem to be on a more positive track if the turn of events in the last 24 hours is anything to go by. Most of the major coins like Bitcoin and Ethereum improved substantially, demonstrating once again crypto’s ability to bounce back“Cryptocurrency market bounces back after a tough few days”

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Coinbase Acquires Distributed Systems Inc., Plans to Pursue Decentralised Identification

Coinbase, the most well-known cryptocurrency exchange and wallet service, has acquired San Francisco-based startup Distributed Systems Inc. The company specialises in decentralised identity solutions, which will allow Coinbase to work towards developing new, more secure ways of verifying users’ identities online. In a blog post published on 15 August, Coinbase project manager B Byrne said“Coinbase Acquires Distributed Systems Inc., Plans to Pursue Decentralised Identification”

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90% of the cryptocurrency market may be wiped out: Xapo president

Following the fresh downturn recently noted in the cryptocurrency market, Xapo president Ted Rogers is of the opinion that most altcoins could be facing a ‘mass extinction’ event. This comes on the backdrop of a series of events like the altcoin sell-off spurred by Ethereum that has caused considerable panic in the crypto market. Altcoins“90% of the cryptocurrency market may be wiped out: Xapo president”

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Ethereum rebounds after plunging 20% on Tuesday, co-founder confident of ‘exponential’ growth

Tuesday was a tough day for cryptocurrencies as the crypto market went into a panic mode. Ethereum plunged 20.7%, hitting a 9-month price low to trade below $300, whereas Bitcoin was down by 6.4% to trade below $6,000. However, things are now looking promising as major cryptocurrencies recovered on Wednesday. Ethereum has rebounded, recording a“Ethereum rebounds after plunging 20% on Tuesday, co-founder confident of ‘exponential’ growth”

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$6000 the crucial price point for Bitcoin, claim Canadian Crypto Fund

Recently, there has been a widespread speculation in regards to the next direction of Bitcoin price, particularly after the recent SEC decision over the Bitcoin ETF. Notably, the price of Bitcoin has hovered around the $6000 mark for the majority of Q2 2018.The Rivermont Crypto Fund, a reputable cryptocurrency firm based in Canada have voiced“$6000 the crucial price point for Bitcoin, claim Canadian Crypto Fund”

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The World Bank says yes to Blockchain, issuing the first block-chain based bond

The Blockchain technology wave seems to be gaining esteem by the day, thanks to its proven reliability and efficiency. This is exactly what has attracted one of the most notable financial entities in the world: The World Bank, popularly known for offering loans to financially challenged countries. The World Bank revealed their confidence in blockchain“The World Bank says yes to Blockchain, issuing the first block-chain based bond”

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Wikipedia’s founder Larry Sanger launches Everipedia, brings knowledge-sharing to the blockchain

One of the founders of Wikipedia, Larry Sanger, has launched an encyclopedic platform called Everipedia, which aims to bring knowledge-sharing onto the EOS blockchain. The idea of the project is simple: providing an incentivised system for content creators and writers to create a more resourceful and reliable online encyclopedia in comparison to Wikipedia. Today, Everipedia“Wikipedia’s founder Larry Sanger launches Everipedia, brings knowledge-sharing to the blockchain”

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