As institutional capital in the crypto space increases regularly, the need for blockchain technology and related enterprise support is at an all-time high, and several companies are working hard to provide both as the arena expands.
One of those companies is Coefficient Ventures, a crypto fund set on financing blockchain systems worldwide. Thus far, the company has made over 25 investments in companies and applications like Filecoin for decentralized storage; Raiden for scalability; and Zeppelin to improve smart contract capabilities.
Speaking with Bitcoin Magazine, founding partner Chance Du described how she sees a central role for blockchain investment across all sectors of the global economy.
The spreadsheet got more and more complicated, until one day it took two minutes to load.
Options for borrowing and lending with cryptocurrencies are on the rise. One of the latest start-ups to join the likes of SALT and Unchained Capital is BlockFi, a New York City–based startup that issues loans backed by bitcoin and ether to individuals, companies and institutions in 35 U.S. states.
Collateralization of cryptocurrency assets benefits retail borrowers by allowing them to hold onto their crypto assets rather than selling them in order to make large purchases, like buying a car. They can also save on taxes by borrowing against crypto assets versus selling them.
Ripple CEO Brad Garlinghouse recently claimed that cryptocurrencies are solving real-world banking and remittance problems — with future generations set to build and improve on the foundation laid by blockchain technology. In doing so, he also stated that Bitcoin “is the Napster of digital assets.”
Though the Ripple CEO says that comparisons between his cryptocurrency and Bitcoin are ultimately compliments, he also took the chance to compare the dominant cryptocurrency to peer-to-peer file-sharing internet service Napster — which was revolutionary for its time but failed to maintain any sort of lasting relevance.
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Jibrel Network focuses on bridging the gap between the crypto-economy and traditional financial infrastructure, enabling investors and users to store, send, receive and exchange assets for almost zero fees.
Jibrel Network, one of the earliest Blockchain-technology startups, has just launched their token sale that will remain open to investors until 26 January 2018. The first decentralized platform to tokenize traditional financial assets such as currencies, bonds, equities and commodities on the Ethereum blockchain, Jibrel Network leverages the cost efficiencies associated with the digital assets’ storage and transaction. Launched earlier this year, they have already secured funding worth over USD 4.0 million from numerous international investors including TaaS Fund, Tech Squared, Aurora Partners, and Arabian Chain during the public token presale in September 2017.
Story – Tether Hacked for m
Tether is a cryptocurrency built on the Omni protocol.
The Omni protocol is a toolbox that allows you to create new tokens on the Bitcoin blockchain. The benefit being that you inherit all the security and compatibility of the Bitcoin network.
Tether is designed to be a price stable coin, meaning 1 USDT should always be worth 1 US dollar.
That is achieved by the Tether Corporation keeping a minimum of 1 US dollar in their bank account for every 1 USDT that they issue. Simple idea right.
Ever since Bitcoin made an appearance in 2009, digital currency usage has increased significantly in popularity. Crypto currencies, also known as digital currencies or alt coins, aren’t regulated, produced or monitored by any national governments or central banks.
The name “digital currencies” is pretty self-explanatory. It means that all these currencies exist in the digital realm and as such you can’t physically hold them in your hands.
These virtual currencies function like real money; they can be used to purchase goods and services online through merchants that accept crypto payments. However, without a special account, they cannot be converted into fiat currency like euro’s or dollars for example.