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Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC. Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC, the Next Web reported on May 1. Sources familiar with the matter reportedly told the Next Web that the deal price appeared to be too high when disclosed to investors supporting SportyCo’s bid. Sources reportedly said that the price was “higher than the real market valuation.” Last October, sports-focused media outlet SportsPro reported that SportyCo partnered with the Hull City Supporters Trust (HCST), an organization founded to represent fans and strengthen the link between the club and the local community it serves, to launch a £45 million ($58.8 million) bid to buy the club. However, Geoff Bielby, chairman of HCST, reportedly told the Next Web that the organization’s involvement in the bid was misunderstood…

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Crypto ATM firm CoinFlip has postponed adding the Tron version of USDT, citing the New York Attorney General’s Tether probe.

The recent recovery suggests an end to the bear market, and most cryptocurrencies are unlikely to drop to their lows. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bull market of 2017 followed by the bust in 2018 increased the popularity of cryptocurrencies. 89% of Americans have heard of Bitcoin, up from 77% in October 2017, according to a new survey by Spencer Bogart of Blockchain Capital. Another encouraging sign is that every age group has been purchasing Bitcoin. The survey shows that even 2% of retirees own Bitcoin. The executives of traditional financial institutions are increasingly joining the blockchain and crypto bandwagon. Even the large finance companies are looking at…

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The recent recovery suggests an end to the bear market, and most cryptocurrencies are unlikely to drop to their lows. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bull market of 2017 followed by the bust in 2018 increased the popularity of cryptocurrencies. 89% of Americans have heard of Bitcoin, up from 77% in October 2017, according to a new survey by Spencer Bogart of Blockchain Capital. Another encouraging sign is that every age group has been purchasing Bitcoin. The survey shows that even 2% of retirees own Bitcoin. The executives of traditional financial institutions are increasingly joining the blockchain and crypto bandwagon. Even the large finance companies are looking at…

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The Depository Trust and Clearing Corporation (DTCC) – a post-trade financial services company that maintains a master record for… The post $48T Master Giant DTCC Makes Final Preparations For Its Own Blockchain Launch appeared first on Invest In Blockchain.

The benefits blockchain technologies present are quickly being realized by enterprises across an array of industries, especially those involved… The post Nestle, Walmart, Unilever, Kroger Might Be First Grocery Giants To Fully Use Blockchain Tech by 2025, Says Gartner Reports appeared first on Invest In Blockchain.

Gov. Andrew Cuomo called for an investigation into whether Intuit, H&R Block and other tax preparation companies allegedly hid tax filing options from individuals who are eligible to file their taxes for free.

By CCN.com: Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie, has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining projects. Until now, crypto mining has been fiercely concentrated in China. But as Beijing mulls an outright ban on bitcoin mining, the industry is flocking to Canada. Décision de la Régie de l’énergie entourant l’industrie des chaînes de blocs. Bonne nouvelle, car nous pourrons aller de l’avant avec un processus de sélection selon lequel un bloc de 300 MW The post Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada appeared first on CCN

A week after allegations of Bitfinex’s $850 million Tether ‘cover-up’ broke, the story is still dominating crypto-twitter. And although Binfinex challenges the claims, the ripples from the splash are already affecting both its business and Tether’s. The Story Bitfinex Wish Would Die For anyone who missed it, the New York Attorney General accused Bitfinex of covering up a large hole in its finances using money borrowed from Tether reserves. Bitfinex argued that the $850 million hole was just temporary, and the Tether money was simply a loan (with interest). But this was not enough to stem the flow of funds and traders away from the platform. It was forced to withdraw, first 17k and then a further 12.6k bitcoin from its cold wallets, to cover the exodus. The story has also shaken confidence in Tether, causing a $300 premium on bitcoin price on Bitfinex, as traders exchange Tether for bitcoin…

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The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million. According to an official statement released by Tether representatives, the stablecoin currently faces a 26 percent shortfall in capital reserves, when pegged against the outstanding Tether token. The situation raises systemic risk concerns as Bitfinex was granted a loan of cash from the stablecoin operators. Bitfinex suffered a significant loss after its payment processing partners, Crypto Capital, seized the staggering $850 million. The incident left Bitfinex in dire need of capital to fund its operating expenses and the exchange leaned towards its stablecoin reserves to save face. Stuart Hoegner, Tether and Bitfinex General Counsel, confirmed that Tether was operating on a…

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By CCN.com: U.S. taxpayers can receive all or part of their federal and state tax refunds in bitcoin. This is being made possible through a collaboration between blockchain payments processor BitPay and Refundo, a provider of tax-related financial products. In a statement, Refundo says its CoinRT product is especially useful for low-income communities that don’t have checking accounts and often resort to paying high check-cashing fees. That said, Refundo’s CoinRT service is not free. CoinRT costs $34.95 per refund transfer, and that doesn’t include BitPay’s 1% service fee. Refundo focuses on low-income communities Refundo specializes in serving low-income communities. Refundo The post U.S. Taxpayers Can Receive Federal or State Tax Refunds in Bitcoin appeared first on CCN

By CCN: Grayscale Investments is starting a movement urging all investors to drop gold and replace it with the better store-of-value, bitcoin. In a Monday morning Medium post, the digital asset management group announced its new #DropGold campaign. Beyond a catchy hashtag, the anti-gold campaign includes a website, upcoming debate, and a television ad push. Their commercial makes a compelling argument. Why is #gold still in your portfolio? #DropGold — Grayscale (@GrayscaleInvest) May 1, 2019 Branding Bitcoin as the New Digital Gold Grayscale is attempting to paint bitcoin as the improved, digital form of gold with its new campaign. The The post ‘Drop Gold’ Now: Crypto Investment Firm Advertises Bitcoin as Superior appeared first on CCN

Yesterday brought to the open something that many within the cryptocurrency community had feared/believed for a long time. Tether is not 100% backed. While a revelation like this would ordinarily sink the market in a pit of despair, this time was different, in fact, Bitcoin cited a modest rise of 2.2%… not bad considering this could be classed as pretty earth-shattering news. So why didn’t the market collapse after this latest Tether FUD?

Yesterday brought to the open something that many within the cryptocurrency community had feared/believed for a long time. Tether is not 100% backed. While a revelation like this would ordinarily sink the market in a pit of despair, this time was different, in fact, Bitcoin cited a modest rise of 2.2%… not bad considering this could be classed as pretty earth-shattering news. So why didn’t the market collapse after this latest Tether FUD?

A Medium post published by Spencer Bogart, a general partner at Blockchain Capital, compares data collected from a set of surveys from October 2017 and April 2019 containing identical questions (plus a few new ones). The results, compiled from an online survey taken by 2,029 American adults, reveal that Bitcoin has been growing in the eyes of the public, despite its shrinking price. Overall, the results show that more people have heard about Bitcoin now than during the middle of the last hype cycle, when the October 2017 survey was administered. The more recent one from this April, Bogart points out, shows that not only are more people aware of the digital currency, but “familiarity, perception, conviction, propensity to purchase and ownership [of Bitcoin] all increased/improved significantly.” A significant takeaway from the comparison of the two surveys shows that Bitcoin is a demographic-wide trend that has always been led by…

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Cardano ADA is one of the Ethereum killers among the new generation blockchains. Ethereum killers are decentralized computers just like Ethereum. These set of blockchains are dubbed ‘Ethereum killers’ because they are smart contract enabled and decentralized blockchains for hosting dApps just like Ethereum but they have the potential to overtake Ethereum in the space. While the chances of these new blockchains taking over Ethereum have been slim for a long time, Cardano may have what it takes to be a real Ethereum killer with the Cardano Shelly upgrade. Continue reading Cardano Primed To Take Over Ethereum, EOS And Tron After Cardano Shelley Update, Will The ‘Ethereum Killer’ Prevail? at Smartereum.

World No.1 Blockchain game publishing platform MixMarvel completed news conference successfully in Seoul, South Korea. The event was taken place at 7 PM on April 30th, giving those interested in the blockchain game the chance to meet the team behind it. MixMarvel partners from all around the globe gathered in Seoul to join the event, with a boast able attendee of more than 500. On the spot, MixMarvel invited the audiences to witness the achievements it has accumulated during past few years, and shared its future endeavors, and unveiled the exciting news of the upcoming MixMarvel platform by featuring several The post World No.1 Blockchain Game Publishing Platform Mixmarvel Held News Conference Successful in South Korea appeared first on CCN

The recent report by Diar outlined the drop in Bitcoin’s on-chain transaction volume causing it to “hit new lows quarter-on-quarter since” mid-2017. However, the report mentioned that the increase in the on-chain monthly transactions in USD valuation had increased and hit a value of 132.6 billion; the volume of this extent was last seen in June 2018. Source: Diar The report further outlined: “But this remains, in all likelihood, the cause of trading increasing due to Bitcoin’s recent price surge rather than actual use-case. Bitcoins moved on-chain outpaced dollar value hitting a 14-month high in April. With a value of over $130Bn, the transaction volume closes in on June 2018 levels when the price of Bitcoin averaged $7000 – 35% higher than today.” In addition, according to Token Analyst, the Bitcoin volumes have been consequently rising for over 3 months after major rallies witnessed in March and April 2019. Source: Diar…

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American digital asset manager Grayscale Investments introduced its pro-bitcoin advertising initiative “Drop Gold.” New York-based digital asset manager Grayscale Investments has introduced its pro-bitcoin (BTC) advertising initiative “Drop Gold” in a press release on May 1. The Drop Gold campaign is based on the emergence of bitcoin as an alternative to gold investments. In particular, the advertising campaign is promoting bitcoin investment within Grayscale’s publicly traded Bitcoin Investment Trust (BIT), which started trading under the ticker GBTC back in 2015. Grayscale’s pro-bitcoin advertisement includes a provocative commercial arguing that gold investors are living in the past. The commercial presents gold as an old-fashioned asset that weighs down investors’ portfolio, and contrasts it with bitcoin, the up-to-date digital world asset that is touted as being better in terms of speed, security and efficiency. The campaign also includes a branded website offering general information to educate investors about bitcoin. According to the press…

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Bitcoin [BTC], the largest cryptocurrency in the market, marked its 10th anniversary this year. Since then, the digital gold has been through the journey of being branded as a currency for criminals to being termed as a store of value. The adoption of the coin saw a significant increase with the coin hitting its current all-time high, $20,000 in late-2017, grabbing the attention of the entire world. Now, the coin has entered a new phase with the launch of #DropGold initiative launched by Grayscale Investments, the firm to launch the first-ever Bitcoin investment product in the United States. The official announcement stated, “Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold. […] Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold.” The blog stated that #DropGold was “a call to action”, adding that it’s time for…

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