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Posts Tagged ‘News’

A16z Leads Investors in $20 Million ICO for Tokenized Assets Platform

Asset tokenization platform TrustToken just raised $20 million in a strategic token sale with the help of major venture corporations, including Andreessen Horowitz (a16z). The startup announced Monday that the cash raised in the funding effort, which was also backed by BlockTower Capital and Danhua Capital, will be used to continue developing its platform, which…

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Factom Blockchain Project Wins Grant to Protect US Border Patrol Data

The U.S. Department of Homeland Security (DHS) has awarded a grant of $192,380 to blockchain project Factom to support beta testing of a platform aimed to secure data from Border Patrol cameras and sensors, the agency announced Friday. “The early phases of Factom’s work has informed architecture choices and design decisions inherent in integrating blockchain…

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Halt the Internet? BIS Report Critiques Blockchain and DLT Claims

A financial institution operated by the world’s central banks is taking aim at cryptocurrencies, questioning their ability to deliver on their promise in a new report published Sunday morning. The document, titled “Cryptocurrencies: looking beyond the hype” and released by the Bank of International Settlements (BIS), explains the history behind the technology and analyzes whether…

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Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will be trading the six most popular cryptocurrencies on major exchanges, including Kraken and Bitstamp,…

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Cryptocurrency Hedge Fund Profits Plunge Amid Market Volatility

Osato Avan-Nomayo · June 18, 2018 · 1:00 am The struggles of cryptocurrency hedge funds in 2018 seem to have no end in sight. With half of the year almost gone, these crypto-focused hedge funds continue to perform poorly. Declining Revenues Amid Price Dip According to the Financial Times, cryptocurrency hedge funds are down by…

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Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

Nvidia appears to be expanding its interest in blockchain. CoinDesk has learned the graphics card producer, which saw a headlines-grabbing business boost from crypto mining demand last year, is now working with a startup called Ubex to develop a smart online marketing platform that uses blockchain and artificial intelligence. Abhinav Agrawal, a spokesperson for the startup,…

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A Regulatory Win for Ethereum and a Falling Market

Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before…

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Experts Say Tax Office on ‘Warpath’ Against Crypto Investors

Australian tax experts have confirmed that the Australian Taxation Office (ATO) is cracking down on cryptocurrency investors this year, local news outlet The New Daily reports Friday, June 15. The ATO had said in early March that they would be using a combination of data matching and “100-point identification checks” to find crypto investors this…

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How to Explain Crypto Collectibles to Your Banker

Courtney Brock manages business operations for Blockade Games in Austin, Texas. Its May 11, 2018 and I receive a surprise in the mail: an overnight package from FedEx. It’s addressed to my company, Blockade Games. Another surprise: Our bank, Wells Fargo, thinks we may be a money services business (MSB) and has a stack of…

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