Blockchain 

10 Global Enterprises Looking to Issue Their Own Cryptos

The growing popularity of cryptocurrency has led to a revolution in the digital currency industry. Enterprises that were of noncrypto origin now have or plan to have their own crypto product. The 10 years of cryptocurrency’s existence has led to an unprecedented ease of transactions. It has also brought transparency into the e-commerce world. This article discusses 10 of the biggest enterprises in the world, without a cryptocurrency background, that have already created or are in the process of investing resources to develop a digital currency they can call their…

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Bitcoin 

No-Deal Brexit Will Reposition Bitcoin in the Global Economy: Analyst

Some analysts believe that the looming no-deal Brexit will push Bitcoin (BTC) price to an unprecedented breakout and record highs in 2019.  Nicholas Gregory, CEO of blockchain firm CommerceBlock, even predicts it could fundamentally shift Bitcoin’s place in the global economy, as reported by the Independent, Aug. 9. Brexit already causing market turmoil The prospect of a no-deal Brexit has already caused the pound sterling to lose value against other major currencies. Increasingly so, since the appointment of confirmed Brexiteer, Boris Johnson, as U.K. Prime Minister. Johnson has vowed that…

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Bitcoin 

3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets. Every fiat currency is devaluing itself on purpose  As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as…

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Cryptocurrency 

Facebook Libra Faces Another Setback From Global Regulators

Ever since Facebook (NASDAQ:FB) announced that it was going to come up with its own cryptocurrency last month, the company has faced a whole range of backlash from regulatory bodies not only in the United States but also in the rest of the world. The name of the cryptocurrency is Libra, and although the company is planning to launch it in 2020, the white paper has received its fair share of criticism. In a fresh development, privacy regulators in the United Kingdom, the United States, and the European Union have expressed…

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Bitcoin 

Crypto to Become Part of ‘Global Populist Revolt’

Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, expressed his admiration for Bitcoin (BTC), seeing it as part of a “global populist revolt,” in an interview with CNBC’s Squawk Box on Aug. 2. “Global populist revolt” Bannon argued that the leading digital currency Bitcoin could be a very important part in “this global populist revolt,” with cryptocurrencies having a big future. Bannon thus reiterated words from his lecture in Zurich this spring, when he stated that cryptocurrencies and blockchain will “empower [the…

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Blockchain 

US Capital Global Offers $10 Million in a Tokenized Crypto Fund

US Capital Global Securities (USCGS), offers investors a $10 million equities investment in a tokenized fund, reveals a press release published on July 29. USCGS is a Financial Industry Regulatory Authority (FINRA)-regulated affiliate of private investment bank US Capital Global. Per the release, USCGS is offering to accredited investors a $10 million equity investment in the first tokenized venture fund of private digital venture capital fund CityBlock Capital, NYCQ Fund LP. The fund, of which the institution is the exclusive placement agent, reportedly has holdings in major companies in the…

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Bitcoin 

Bitcoin Causes 0.03%-0.06% of Global CO2 Emissions

According to a report released on July 23 by the International Energy Agency Bitcoin (BTC) mining is likely responsible for 10‑20 Metric tons (Mt) of carbon dioxide (CO2) per year or 0.03-0.06% of global energy-related carbon dioxide emissions. Bitcoin consumed more in 6 months than Ireland in 12 Per the report, the recent price and hash rate increase of the Bitcoin network increased its energy consumption, and it is estimated that during the first six months of 2019 it has already consumed 29 TWh. This is more than the annual…

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Bitcoin 

Robinhood Raises $323 Million in Funding Round Led by DST Global

Cryptocurrency-inclusive trading platform Robinhood has raised $323 million in a recent funding round. Robinhood shared the figure in an official announcement on July 22. As per the report, the investment firm DST Global led the Series E financing round that also included Ribbit Capital, NEA, Sequoia and Thrive Capital as other contributing members.  Additionally, the announcement specifies that this funding round puts Robinhood at a $7.6 billion post-money valuation. Today’s announcement follows previous reports that Robinhood was planning to raise upwards of $200 million to set the firm’s post-funding valuation between…

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Blockchain 

NEO and Ontology Partnership Eyes Global Cross-Chain Blockchain Platform

Chinese blockchain platforms Ontology and NEO are partnering to create an interoperable protocol in a bid to spur development of the next-generation internet. A press release shared with Cointelegraph on July 18 revealed that the two blockchain firms intend to build an open, global cross-chain platform based on an interoperability protocol that would harness both companies’ strengths.  In reorienting the focus of their respective strategies to the task of full-fledged interoperability, NEO will work to develop protocols and components that can support a full spectrum of digital assets and Ontology…

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