Digital asset management fund Grayscale Investments’ Bitcoin Trust (GBTC) is up almost 300% on the year. Digital asset management fund Grayscale Investments’ Bitcoin Trust (GBTC) is up almost 300% on the year, data from Morningstar via the Wall Street Journal (WSJ) reveals. As of July 9, the investment instrument is yielding a 296% appreciation YTD […]
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Grayscale announces renewed offering of bitcoin shares to accredited investors in a private placement. Grayscale Investments has resumed private placement of Grayscale Bitcoin Trust (GBTC) shares, according to a press release on July 8. According to the announcement, the private placement of GBTC shares is offered periodically to accredited investors — as defined in Rule […]
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The People’s Bank of China, the country’s central bank, is reportedly developing its own digital currency in response to Facebook’s Libra. China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported […]
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The People’s Bank of China blockchain trade finance solution processed $4.36 billion in foreign exchange transactions since its inception. The blockchain trade finance solution of the People’s Bank of China (PBoC) processed over 30 billion yen ($4.36 billion) in foreign exchange transactions, local finance news outlet SINA reports on July 8. Per the report, the […]
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Chinese police surrounded the Tron’s office in Beijing, as people came to express outrage at a scam going under a Tron-like name. The Tron office in Beijing has been surrounded by police as a crowd gathered to protest against a Chinese ponzi scheme that went under a Tron-like name, Twitter personality Crypto Authority reports on […]
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The food industry is becoming one of the most inclusive destinations for blockchain. As blockchain continues to push for mass adoption, the food and beverage industry is shaping up to be one of the most inclusive destinations for the technology: Just over the past few months, a variety of players — including juggernauts like Nestlé, […]
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Regulatory pressures continue to have an effect on the most popular countries to mine cryptocurrencies. A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the preeminent cryptocurrency. As Bitcoin surged to prices not seen since 2017, a […]
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The expansion of DLT use in the real estate sector — in title verification, valuation, diligence, insurance payment and settlement, smart contacts, construction monitoring and material verification. David Hodge is the director of European operations for AEI Consultants, an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and […]
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Oracle has announced that it is continuing its partnership with the World Bee Project to track honey sustainability through the supply chain. Tech giant Oracle and the World Bee Project are developing a blockchain-based sustainability assurance system for honey on the supply chain, according to a report by Ledger Insights on July 5. The honey-tracing […]
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Tether’s influence is high despite numerous controversies, but it may pose a threat to the crypto asset market… There is perhaps no other crypto asset more subject to scrutiny and accusations of impropriety than the Tether stablecoin. The startup behind the coin has been blamed for market manipulation while its business dealings and accounting practices […]
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