Investing in the crypto space has always been fraught with high risk, high casualty rates, but just enough of an allure that investors have been willing to throw caution to the wind in hopes that good fortune will befall their efforts. Yes, there have been digital assets that have produced “10X”, “100X”, and even “1,000X”…
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After all the hoopla following the advent of the “JPMCoin”, banking executives now believe that the time is right for partnership and cooperation with all things crypto. The apparent flip came as a surprise during a nationally televised sequence of Squawk Box on CNBC, featuring an interview with JP Morgan’s Global Head of eCommerce Solutions…
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With all of the press hoopla surrounding JPMorgan and Jamie Dimon’s support of a “JPMCoin” project, analysts that follow the banking sector have been wondering where was the major competitor of JPMorgan, i.e., Citibank, positioning itself in the world of crypto innovation of the banking sector. Citibank has a reputation of being an innovator and…
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The meltdown in crypto valuations and the pullback in investor trading volumes, euphemistically referred to as Crypto Winter, continue to wreak havoc in every sector of the crypto community. The news today is that Bithumb, the largest crypto exchange in South Korea, has announced that it will cut back its staff from 310 employees down…
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Numerai is an American prediction market company and hedge fund that recently raised $11 million in an ICO so it can launch the Erasure project. The information comes from the company itself. What Numerai does is “… incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.”…
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AriseBank is a cryptocurrency bank that found itself amidst a $4.2 million ICO scam. The former CEO of the institution pleaded guilty to deceiving investors of around $4.2 million. The information comes from the US news agency Dallas News. Jared Rice Sr. is essentially the founder of AriseBank. What the founder admitted in federal court…
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The SEC seems to be trying very hard to understand the blockchain, fintech and cryptocurrency world. The agency is preparing to hold a public fintech forum on blockchain in May, 2019. The SEC announced that some of its staff will hold a forum on DLT and digital assets on 31st of May. Some time ago,…
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Bitcoin has built some stamina over the last few weeks, which, although have been quite volatile, the cryptocurrency managed to stabilize its price level at just above $4,000. Currently, Bitcoin is trading at around $4,025. Now, there is an ambitious plan put forward by the CEO of Square and Twitter, Jack Dorsey, who is reportedly…
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Another week, another casualty in the crypto community. The ravages of Crypto Winter continue to wreak havoc on the crypto landscape, as a court in Hong Kong has ordered the local Gatecoin crypto exchange to shut its doors and liquidate its assets. Gatecoin marks the fifth crypto exchange to close its doors in 2019. Company…
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How can you economically determine if your crypto platform’s blockchain coding could be vulnerable to a major hacking compromise? The easiest way, it seems from a recent report, is to offer “bounties” to a group of professional hackers to scour the open-source code in the crypto universe for susceptible targets of entry, i.e., vulnerabilities. Various…
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