Amazon and Microsoft Set to Make Millions From Blockchain
The rise of the digital currency (Cryptocurrency)
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3y ago
Once just two percent of servers run on blockchain technology, Bank of America research analyst Kash Rangan predicts the market for blockchain technology will be worth $7 billion. Nine companies have been identified as likely to benefit significantly from the technology including Amazon and Microsoft. As reported by CNBC, Rangan didn’t put a time stamp on his predictions but also included technology giants Oracle, IBM, Salesforce, and VMware as others set to benefit. “Many blockchain use cases have been identified, but full products/services have not yet been built out and are ..read more
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Malta-based cryptocurrency company probed in New York
The rise of the digital currency (Cryptocurrency)
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3y ago
Concerns about the lack of robust real-time and historical market surveillance capabilities A Malta-based cryptocurrency exchange has been referred to the US department of financial services for potential violation of New York’s virtual currency regulations. The New York State Attorney General said Binance, Gate.io and Kraken had been referred to the US department for financial services after an investigation into whether those platforms accepted trade from within New York state. Binance, touted as the world’s largest cryptocurrency exchange, relocated to Malta earlier this year amid hype ..read more
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Beyond ‘Utility’ — Why Security Tokens will ultimately dominate
The rise of the digital currency (Cryptocurrency)
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3y ago
In ICO terms 2018 got off to a roaring start — but growing regulatory action internationally has seen a marked decline in capital raised during Q2 — moving many issuers and investors to the inevitable conclusion that compliant Security Tokens are the only viable way forward for the sector During 2017 and what might be considered the ICO ‘heyday’ it is fair to say that the legal status of many of these capital raising initiatives wasn’t a priority for founders — if it was considered at all. As the year wore on, however, the size of the raises began attracting attention beyond the crypto-world ..read more
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Leading investors team with Oasis Labs to accelerate the blockchain ecosystem
The rise of the digital currency (Cryptocurrency)
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3y ago
Today in the opening keynote at the SF Blockchain Week Epicenter, Oasis Labs announced a partnership with a16zcrypto, Accel, Binance Labs, Pantera Capital and Polychain Capital to launch a first-of-its kind program to accelerate privacy-first computing on blockchain. The Oasis Startup Hub will provide innovative developers with guidance from leading investors, hands-on technical support and early access to breakthrough technology to enable new applications which feature the security, privacy and scalability benefits of Oasis Labs’s decentralized protocol. “As high-profile privacy failures prol ..read more
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Soulja Boy's 'Bitcoin' Millions, PwC Backs a Stablecoin, Tether Sinks Below $1
The rise of the digital currency (Cryptocurrency)
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3y ago
PricewaterhouseCoopers, the top accounting firm better known as PwC, is backing a cryptocurrency—specifically, a so-called stablecoin backed by the U.S. dollar. The accounting firm is partnering with Cred, a decentralized lending startup that’s developing a new stablecoin pegged to the dollar, PwC announced Monday. PwC will offer its accounting expertise to ensure Cred’s dollar-backed coin “can provide 100% transparency and value substantiation,” the firm said in a statement. To hear PwC tell it, a lack of trust in stablecoins—and the existence of the dollar reserves backing them—has been keep ..read more
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Looking Ahead to Global Money Transfer Summit 2018
The rise of the digital currency (Cryptocurrency)
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3y ago
How are technological advances changing the landscape of the money transfer industry? That’s the focus of the upcoming Global Money Transfer Summit, being held Oct 16 and 17 in London and hosted by IAMTN. During two information-packed days, attendees will hear from a range of speakers that include CEOs of money transfer organizations, regulators, leaders in blockchain technology, compliance experts, global policy makers and more.  How do money transfer organizations need to evolve to adapt to new technologies while managing to stay ahead of new disruptive models and ot ..read more
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Congress Calls for Clearer Cryptocurrency Regulation in Letter to the SEC
The rise of the digital currency (Cryptocurrency)
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3y ago
CNBC reports that on Friday more than a dozen members from the US Congress called for greater clarity in cryptocurrency regulation from the SEC in a letter written to SEC Chairman Jay Clayton. The letter comes in the wake of a recent four-hour meeting in Washintgon between representitives from Wall Street and the crypto industry, which publicly pushed for similar action to be taken by the SEC. The Congressional Letter On Friday, more than a dozen members of the US House of Representatives sent a letter to Securities and Exchange Commission Chairman Jay Clayton calling for greater r ..read more
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Net giants hope they’ve cracked the crypto code
The rise of the digital currency (Cryptocurrency)
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3y ago
Naver, Kakao ready new digital coins for blockchain rollouts 이미지뷰 이미지뷰 Gone are the days of Kakao and Naver competition in mobile messenger apps - KakaoTalk versus Line. The second round is set to begin - with cryptocurrencies on the back of proprietary blockchain technologies. Ground X, a blockchain arm of Kakao, said earlier September it would launch a blockchain platform called Klaytn in the first quarter next year and distribute crypto coins called Klay to those who use the platform as a reward for using KakaoTalk and other apps connected to the messenger. The test version of the blockch ..read more
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Bankex Introduces Crypto Custody For Everyone
The rise of the digital currency (Cryptocurrency)
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3y ago
Bankex has launched a crypto custody service targeted at individual investors. This service will allow coinholders to keep their crypto assets in a secure, bank-like storage system. The company is now accepting deposits of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and ERC-20 tokens. Customers can also store money in the platform’s native BKX token, which will allow them to take advantage of reduced service fees. What Is Custody? When you handle cryptocurrency in its basic state, you are required to take care of your own security. This means you must safely maintain a set ..read more
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Sportsbet.io Blockchain Project Launches Soccer Centre Where Players Make Better Sporting Decisions
The rise of the digital currency (Cryptocurrency)
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3y ago
Sports betting platform Sportsbet.io recently launched its newest franchise to welcome the start of the new season. The soccer center will aid players to make better betting decisions that will help them in winning more and reduce their losses. A New Form of Sport Betting Data-driven one-stop shop for crypto-based betting, Sportsbet.io has revealed the launch of its new soccer center. The primary objective of the center is to provide players with real-time information that will aid them in making informed, analytical and seamless betting decisions. Coingaming group, which is the parent body o ..read more
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