July has not been a good month for Facebook’s Project Libra. After riding a wave of favorable press attention in June after its major announcement, Libra has endured a week or two of scorn from global government officials and regulators, as it seems that nearly every critic has come out of the woodwork to cast…
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Enterprise blockchain software firm, R3, has announced that it has added Cathy Minter to its team as its Chief Revenue Officer (CRO). Minter will be responsible for R3’s commercial activity and revenue generation. This will include growing the user-base for Corda Enterprise, the deployment of Corda tailored for enterprise use, and promoting the expanded use…
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Global connectivity and IT infrastructure provider for the financial services industry, Avelacom, announced that it has added Gemini Trust Company, LLC, a digital asset exchange and custodian, to its list of cryptocurrency exchange tech vendors in Equinix’s NY5 data center. Avelacom’s and Gemini's clients can now connect directly to the exchange’s infrastructure to access market…
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U.S. Congressional hearings are never fun events for those asked to attend. The opportunity for elected officials to preach whatever gospel they perceive that their political bases want to hear is just too great to ignore. They need to keep their voters back home cheering them on to greater stardom, or so it seems when…
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Sooner or later, Bitcoin and gravity were going to be good friends again. After gradually recovering from a bout in the lowlands below $10,000 nearly two weeks back, buyers for the world’s favorite cryptocurrency began to run out of steam. After groping its way back above $13,000, the weight of the bears on its back…
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The beleaguered Japanese crypto exchange, Bitpoint, is beginning to reveal details of its recent compromise that occurred on July 12th of this month. It was originally reported that $32 million had disappeared from “Hot Wallets” at the exchange, but this figure has been reduced to $28 milliion. $19 million related to customer accounts, and $9…
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As Russian government officials continue to debate the efficacy of cryptocurrencies and blockchain technology, industry observers are curious as to why there has not been a major push to lead in this arena. Observers have noted that Russia is definitely a “global powerhouse for development talent and business acumen in the blockchain space”, but, unlike…
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Binance, the world's leading cryptocurrency exchange, is reportedly planning to launch a fiat-to-cryptocurrency exchange in South Korea. The information comes from a news report at CryptoGlobe. According to press, this is what the founder and CEO of Binance said regarding the project: We do not know the details related to the establishment of the Korean…
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If anyone was waiting for a bargain price for Bitcoin below $10,000, they had a brief chance to buy at $9,850 and above, as the world’s favorite digital asset plummeted over the weekend. During its momentous rise to stardom, the one characteristic that has stood out most over recent months is that, once again, volatility…
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It seems that Bitcoin has one more skeptic, one who had yet to register his exalted opinion until this past Thursday. The “Tweeter-in-Chief”, President Donald Trump, let it be known via his infamous tweeting channel that he is not a fan of cryptocurrencies. His scorn also included Facebook’s Libra project: “If Facebook and other companies…
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