Crypto mining is not a low cost endeavor. A major capital investment in computers is “Step One”, but then the power necessary to complete the task is exorbitant by today’s standards. Utility commissions across the globe are presently wrestling with this issue, until a more efficient mining process is developed. In the meantime, news headlines…
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Blockchain company R3 is announcing the launch of an open blockchain network to link participants in Corda (called Corda Network), to be run by a new non-profit independent of R3. Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared onto another, supporting the…
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The IronX Exchange has just announced that it has raised more than $26 million via its IRX token sale as of today. IRX is an ERC-20 utility token backing the usage of the exchange. Leaprate reminds that the crypto exchange was launched back in August 2018 as a joint venture between global online broker IronFX Group…
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LeapRate Exclusive... Blockchain investment fund NEO Global Capital (NGC) has teamed up with the Samsung-backed startup partner AERGO one month ago. Roger Lim, Founding Partner at NGC, joins us today to discuss what the future may look like for the world of crypto and blockchain. LR: Where the industry stands a year on from Bitcoin’s…
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Back in September 2017, LeapRate reported that the Securities and Exchange Commission (SEC)' EDGAR system data has been hacked. Some individuals have extracted a nonpublic information to use for illegal trading, or as SEC Chairman Jay Clayton issued in his statement back then - the data may have been used for “illicit gain through trading”.…
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When it comes to fulfilling their responsibilities related to the new world of virtual assets, regulators across the world are caught between a rock and a hard place. Protecting consumers from fraud can be exceedingly difficult when current regulations on the books cannot be easily applied to the crypto ecosphere. The European Securities and Markets…
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Vontobel, a Swiss investment bank, has designed the first Digital Asset Vault, or in simpler words - the first regulated cryptocurrency custody solution. Wealth managers, asset managers and banks will now be able to transact with their clients' money, i.e. deposit, buy and sell cryptocurrencies in a new end-to-end Digital Asset Vault. According to the…
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The major reason why many countries have stayed away from Bitcoin is that the Satoshi currency can be used for illegal activities such as money laundering, terrorist financing, etc. Because of its renowned "anonymity" feature through the power of blockchain, Bitcoin has often been taunted as the "terrorist money". Another way to use Bitcoin illegally…
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Cyprus financial regulator CySEC has just made an announcement regarding several unregulated websites. The unregulated entities can be seen below: www.worldtrustinvest.com www.eurotradeinvestmentsrgb.com Coinoptionstrade.com The websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 15, 2019. Highlights include: Institutional Crypto Adoption: Things are moving forward as seen with Wall Street backed service Bakkt, who yesterday announced they’ve acquired Rosenthal Collins Group. Global Tax Cuts: Stocks are up on…
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