Serial blockchain investor Tim Draper welcomes diversity in terms of funding blockchain and crypto startups. Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, believes that initial public offerings, or IPOs, are not the best source of funding for industry firms. The billionaire investor joined the Unitize conference on July 6 to talk […]
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The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization. The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC). Bitcoin didn’t do any better Japan’s Government […]
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China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to find adoption in niches where crypto […]
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A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities. Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or […]
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Currency.com obtained a distributed ledger technology license from the Gibraltar Financial Services Commission. The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to […]
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Ledger’s chief technology officer Charles Guillemet said that the recently revealed vulnerability is nothing more than a user experience flaw. Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability. According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in […]
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Justin Sun announced three upcoming DeFi products from Tron, but crypto Twitter didn’t seem impressed. Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades. Sun revealed that the project, JUST DeFi, plans […]
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Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic. The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto […]
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VaultAge Solutions CEO has been tracked down by South African authorities and angered investors. Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court. According to a recent report from News24, the sequestration […]
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With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts. Having learned what it needs from the cryptocurrency space and blockchain, China will aim to rival the U.S. dollar, not Bitcoin (BTC), with its highly-anticipated digital yuan. Matthew Graham, a veteran investment banker in China and the CEO […]
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