In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN recently got our hands on some tokens. Venezuela’s Petro Cryptocurrency Exists Ever since Maduro’s announcement, the Petro has been a controversial cryptocurrency. Maduro has claimed 100 million tokens were to be issued and has since made it an official alternate currency in the country. The Venezuelan leader has pushed its adoption by forcing organizations in Venezuela to use the Petro, and by converting pensioners’ payments to it
The 2018 crypto bear market had a notable impact on a number of businesses in the industry, causing many to consolidate their operations and downsize their staff. However, there’s one part of the emerging industry that continues to thrive. According to a recent report by Bloomberg, crypto lending has quietly become a booming business in 2018 […]
Bitcoin bull Mike Novogratz extolled the tokenization of real estate during this “crappy” crypto bear market, saying asset tokenization is an emerging trend. Novogratz, the founder of crypto investment bank Galaxy Digital Capital Management, said the cryptocurrency market is in a slump, but there are many exciting developments occurring below the surface. “While it feels like
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Greg Maxwell made headlines recently when an e-mail he’d sent to “Fake Satoshi” Craig S. Wright was revealed to the public. Parts of the e-mail were published on CoinGeek. Maxwell is quoted as saying: I believe it would be adverse for interests that concern me if your influence or prominence in BCH were in any
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In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost more than 70
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It’s not Thursday, but this story sure feels like a throwback to headlines from last year’s cryptocurrency mania: crypto enthusiasts have begun using their tokens to take out real mortgages on virtual land. Decentraland & Ripio Partner for Crypto Mortgage Service This phenomenon has been made possible through a partnership between Decentraland, an Ethereum-based virtual
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At least four different studies by institutional authorities indicate that between 3 and 5 percent of people in Canada own Bitcoin.
Bitcoin Investors Are Spreading in Canada
Bitcoinist reported in July that 500,000 people in Ontario own cryptocurrencies. The findings were revealed in a survey of more than 2,500 Ontarians conducted by the Investor Office of the Ontario Securities Commission (OSC).
Bylls CEO Francis Pouliot concluded that numerous studies determine that between 3 and 5 percent of all Canadians own bitcoin, urging people to forget FUD and that “adoption is real.”
The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $ 7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on
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The price of Bitcoin has surged from $ 6,300 to $ 7,500 on Bitfinex, a major cryptocurrency exchange that reportedly operates Tether LLC, a firm that oversees the development of stablecoin Tether (USDT). Bitcoin is being traded with a significant premium on exchanges that have integrated USDT such as OKEx and Huobi, because traders have initiated the
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Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.
Stellar is the 6th biggest digital currency in the world and so it’s expected that it makes a few headlines here and there. There have been a lot of recent developments taking place in the industry which are leveraging Stellar. Prime Trust is now coming in which offers services in bringing in more support for Stellar touting.
Google has finally betrayed its true feelings on cryptocurrency. Well, maybe not, but a tongue-in-cheek advertisement for the search giant does take a few potshots at the nascent asset class. During the ad, which promotes Google’s new Call Screen service, one character, Abby, remarks that the other’s electricity bill is “super high.” That character, Teddy,
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Around 15% of the premium corporate real estate in Hong Kong is now occupied by cryptocurrency startup companies and investment firms. According to a recent report by the South China Morning Post, cryptocurrency-related companies are collectively paying $ 1.3 million per month in rent. The current cost per square foot in Hong Kong’s prime office buildings stands at […]
Discord, the popular software service utilized most by video game communities, is working toward building a platform that sifts through the clutter of the overcrowded digital ecosystem. The application, which houses 150 million gamers, announced in August that its new online store will sell games curated to customers, on a smaller marketplace, in comparison to […]
September 24th, 2018, Singapore – The technology company that’s leveraging Blockchain to build applications and businesses with transparency and control of data in its core, begins ICO.
DBX made headlines this week with the announcement of their ICO launch that is expected to shake up the Blockchain ecosystem. The ICO, which is now open, intends to help DBX expand its operations and help businesses utilise blockchain in a workable and “real life” manner. DBX, or Database X, has been described as a fundamental breakthrough in the rollout or usage of blockchain for more businesses.
Contrary to the somewhat-popular idea that tether (USDT) issuance is used to manipulate crypto markets by boosting the price of bitcoin, a new academic study by researcher Wang Chun Wei of the University of Queensland Business School shows that the most widely-used stablecoin in fact has a negligible effect. Tether and the 2017 Bitcoin Price
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Decentralized cryptocurrency trading platform AirSwap has announced a new partnership designed to aid in the tokenization of one of the Western Hemisphere’s most expensive real estate markets. That partnership, inked with FINRA-registered broker-dealer Propellr, will see the two firms use AirSwap’s peer-to-peer trading protocol to create a platform that allows brokers and their clients to
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Tencent (TCEHY) will reportedly require players to use their real names when logging into Honour of Kings beginning on September 15. The company, which stands as China’s largest gaming publisher, has recently been at the forefront of a controversial measure to restrict games as China’s gaming addiction worsens. As of late, the Chinese government has begun […]
Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.
Feathercoin? Is That You?
In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.
According to Togami, there currently exists a “real risk” of double spending, which would have a paralyzing effect on exchanges and buckle BCH’s already low liquidity.
Jordan Belfort, the penny-shares scammer portrayed by Leonardo DiCaprio in Martin Scorsese’s film, has been weighing in on bitcoin recently. After featuring in the CNBC documentary, Bitcoin: Boom or Bust, he has been hitting the interview circuit. But should we pay any attention to a proven con-artist?
Greater Fools Theory
Belfort has previously said that bitcoin 00 relies on the ‘Greater Fools Theory.’ So people only buy believing that there will be a ‘greater fool’ who will pay a higher price than they. He should know more about this theory than most, having earnt 22 months in jail through abusing it.