Thursday, December 19

Tag: cryptocurrency

Blockchain Capital Raises $150 Million Funding
23Mar By NitishNo Comments
FUNDING

Blockchain Capital Raises $150 Million Funding

San Francisco-based venture capital firm Blockchain Capital closed a $150 million fund today. As per the press release, the company that focuses investments in blockchain and cryptocurrency have total assets to $250 million under management. Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised and deployed three prior venture funds, including the first-ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. Among its 72 past investments are digital currency trading platforms Coinbase as well as a lead investment in Coinsetter whi...
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Twitter Joins Facebook and Google in Banning ICOs
21Mar By Sheldan RungasamyNo Comments
News

Twitter Joins Facebook and Google in Banning ICOs

Reports emerged that twitter will put a ban on ads promoting blockchain tokens and initial coin offerings (ICOs). The news is not yet confirmed but speculations reported that a source close to twitter shared the information anonymously. According to the report, the source did not give additional details as to when the ban will be implemented. However, this rumor refuels earlier speculations stating that the crypto-ad ban will begin in the coming two weeks. Twitter did not yet release a confirmation statement concerning the speculated blockchain ad ban despite pressure from different news publications. However, rumors were circulating since February 9th and reported back then that the company was still deciding which position it would take against cryptocurrency ads back then. Neverthele...
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Playboy Introduces Cryptocurrency Wallet For its Online Platforms
15Mar By PriyankaNo Comments
USA

Playboy Introduces Cryptocurrency Wallet For its Online Platforms

LOS ANGELES- The Playboy Enterprises Inc, popular as a Playboy magazine announced that the company added an additional service Vice Industry Token (VIT) for online payment. The service will support a number of cryptocurrencies payment across the company's online media, digital and casual gaming businesses. Playboy.TV will be the first of the company's media platforms to feature the new digital wallet which will enable the online platform to accept Vice Industry Token (VIT), among other leading cryptocurrency tokens, for access to the brand's exclusive content. By integrating with VIT, visitors will be able to pay and earn tokens to view Playboy.TV's original content, as well as comment on and vote for content. Reacting to the news, the Head of Operations for Playboy Enterprises, Inc,...
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Are The Days of Bitcoin Over? Becomes One-Third In Less Than 2 Months
6Feb By RishabhNo Comments
ANALYSIS

Are The Days of Bitcoin Over? Becomes One-Third In Less Than 2 Months

Bitcoin has been tumbling since the past few, and it's been over 1.5 months that it last it's all time high. Bitcoin hit an all time high $19,343 in December 16, 2017 after which it fell and topped at $17,135 on January 6, 2018. Ever since then its has been falling and hit $6,083 by IST 10:36 am February 6, 2018.   Investor firms think that it is the time that Bitcoin will have to settle after being too dynamic with its price. The downfall is amidst the raising worries about regulation on the ungoverned cryptocurrency. Even on Friday, Citigroup, JP Morgan Chase and Bank of America said that they will ban cryptocurrency purchase by their credit card customers. In India, at the time of Union Budget 2018 pre-poll the Finance Minister of India, Arun Jaitley said,"Cryptocurren...
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Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’
1Feb By RishabhNo Comments
News

Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’

Government has considered regulation of cryptocurrency in budget 2018. In order to regulate cryptocurrencies like Bitcoin, Finance Minister of India, Arun Jaitley said that cryptocurrency is not a legal tender and Indian government will discourage its use. However, the government is open to the 'blockchain technology' on which these cryptocurrencies work. The government will also be planning a roadmap to put some regulation on  the cryptocurrency market. The digital currency world is currently not monitored by any regulating authority. Since the past year, cryptocurrency market has gained huge numbers of investors who are willing to put some considerable amount in the sector. Although even before the budget release, Arun Jaitley said that cryptocurrency is not a legal tender, but ...
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Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked
27Jan By RishabhNo Comments
News

Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked

Coincheck, a Japanese cryptocurrency wallet and exchange service, confirmed in a release that over $500 million worth of digital cryptocurrency, NEM tokens has been stolen, in the world's biggest crypto hack. As per the reports by Bloomberg, which attended the conference in Tokyo, Chuo Ward, Shingo Katsukutani, Coincheck Inc said that the coins were sent "illicitly" outside the venue. Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets. Otsuka said that they know where the coins were sent and if they continue the tracing, it may be possible to recover them. This hack is the largest in terms of worth stolen since the digital cryptocurrency, Bitcoin was launched in 2009. Wha...
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Not So Happy New Year For Bitcoin
2Jan By RishabhNo Comments
Tech

Not So Happy New Year For Bitcoin

The year 2018 seems "not" to be cryptocurrency friendly! Ever since the year 2015, it started the year by declining from its value, sliding from an all time high of $19,511, which it reached on December 18. The virtual coin fell to $13,624.56 as of 5 p.m. in New York on Monday, down 4.8 percent from Friday, according to data compiled by Bloomberg. That’s also a drop from the $14,156 it hit Sunday, according to coinmarketcap.com, which tracks daily prices. The cryptocurrency fluctuated in Asian trading on Tuesday, trading 1.9 percent lower as of 3:22 p.m. in Hong Kong. Compared to this, in 2017, Bitcoin started off around $1000 and gave returns of more than 1,300 percent. Ever since then it has ignited discussions among the economists and investor firms on Wall Street. The rally...
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Ukraine Kidnappers Free Bitcoin Analyst After $1M Ransom Paid
30Dec By reutersNo Comments
News

Ukraine Kidnappers Free Bitcoin Analyst After $1M Ransom Paid

Kidnappers in Ukraine have released an employee at a United Kingdom-registered cryptocurrency exchange after getting more than $1 million in bitcoins as ransom, an adviser to the Ukrainian interior minister told Reuters on Friday. Pavel Lerner, a leading analyst and blockchain expert, was abducted by unknown masked people on Dec. 26, according to a statement by his company, EXMO Finance, on its website.  “This is the first such case in Ukraine linked to bitcoins,” Anton Gerashchenko, an adviser to Interior Minister Arsen Avakov, said in a phone text message. It was unclear who paid the ransom. Lerner’s work at EXMO did not involve access to the financial assets of its users, the company said, adding that the platform was operating normally.  “At the moment, he is safe, and ther...
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Belarus Adopts Cryptocurrency Law To Woo Foreign Investors
22Dec By RishabhNo Comments
BUSINESS

Belarus Adopts Cryptocurrency Law To Woo Foreign Investors

Belarus has legalized transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalizing parts of its Soviet-style economy. President Alexander Lukashenko signed a decree on the move on Thursday, his press service said. Bitcoin, the world's most popular crypto-currency, has lost a third of its value since hitting a record high of close to $20,000 on Sunday, but its supporters dismiss warnings over volatility and say it is the start of a new monetary system not dependent on central banks. “All smart and intelligent people know what stability and order are,” state news agency BelTA quoted Lukashenko as saying earlier this month. “They’re all trying to reach that shore. We’re prepared to arrange a dock and even a harbor.”...
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Bitcoin Further Falls Below $13,000 Investors Sweat
22Dec By PriyankaNo Comments
News

Bitcoin Further Falls Below $13,000 Investors Sweat

Bitcoin dipped further 21 percent on Friday, adding up to its loss towards 40 percent, the investors look worried. The world's most popular cryptocurrency dropped to $12,191.80 before trading at $12,975.50 as of 3:47 p.m. in Hong Kong. The Bitcoin has been tumbling from its peak of $19,511, but still 1100% of what it started at the year start. Other cryptocurrencies also plunged, with bitcoin cash crashing 38 percent and ethereum losing 26 percent over the past 24 hours, according to coinmarketcap.com.  Investors are having a "reality check," said Stephen Innes, head of trading for Asia Pacific at Oanda Corp. "At the heart of the matter was a frenzied demand for coins with limited supply has now led to unsophisticated investors holding the bag at the top." The plunge comes amid gro...
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Founder Out Of Litecoins, Sells All After 7500% Rally
22Dec By RishabhNo Comments
News, USA

Founder Out Of Litecoins, Sells All After 7500% Rally

The world's fifth biggest cryptocurrency Litecoin founder Charlie Lee is all cashed in during a 75-fold rally this year. Founded back in 2011 in San-Francisco by a software engineer "sold and donated" all of his holdings over a past few days, he said in a Reddit blog post. The move was under the influence of various accusations where Lee was "accused of doing it(changing price of LTC) for personal benefit." "I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general," he added. Lee has sold or donated all his Litecoins and is "well off enough". "For the first time in...
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