We know that stablecoins are backed by something. It’s time to learn how they are backed. Stablecoins have been making the headlines in recent months, attracting big investors, tempted by the allure of a on ‘non-volatile’ cryptocurrency. At first, we usually pay attention to the backing connection, in other words, to the coin’s stabilizing mechanism. […]
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A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent Ponzi scheme. A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating […]
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Dubai and the United Arab Emirates are making concerted efforts to be global leaders in blockchain adoption. In some countries around the world, governments have had a stifling effect on the adoption of blockchain technology. Conversely, the government of the UAE and Dubai have been the driving force behind the promotion of blockchain use in […]
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U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz. U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In […]
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Major Chinese mining hardware manufacturers could fall under new U.S. tariffs on Chinese-manufactured goods, reaching as high as 25 percent. Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts […]
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Bitcoin futures trading at the CME has continued to grow in Q3, with average daily trading volume up 41% over Q2. Bitcoin (BTC) futures trading at the Chicago Mercantile Exchange (CME) has continued to grow in Q3, the U.S.-based exchange reported in a tweet Wednesday, Oct. 17. The CME has revealed that the average daily […]
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The Uzbek city of Tashkent has signed a deal with a Russian startup to digitize patent records and make intellectual property profitable. A Russian intellectual property startup has signed a memorandum with officials from Uzbek capital Tashkent to integrate blockchain for use in copyright, Russian state news agency TASS reports Tuesday, Oct. 16. The president […]
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China’s first crypto exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea in November. China’s first Bitcoin (BTC) exchange BTCC, formerly known as BTC China, is set to launch trading services in South Korea, Korean business outlet The Investor reported yesterday, October 16. BTCC, which presently has headquarters […]
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Cryptocurrency market scaling improvements could see prices ten times higher than now, says co-CIO of Pantera Capital. Cryptocurrency markets could increase ten times over from 2020, blockchain investment firm and hedge fund Pantera Capital’s co-CIO told Bloomberg Tuesday, Oct. 16. Speaking in an interview, co-CIO Joey Krug said that scalability improvements for Bitcoin (BTC) were […]
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The Ethereum Foundation has announced its fourth wave of grants, awarded to startups that develop the ecosystem. The Ethereum Foundation has announced the fourth wave of grants awarded to 20 different persons and entities working on the Ethereum blockchain, it revealed in a press release Oct. 15. According to the release, the total amount of […]
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