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Chia Network 'Opened Discussions' With Investors, Debuts On Exchanges
3.5.2021
Bram Cohen, Founder of Chia. Source: A video screenshot, Youtube/Roger Royse Law
Ahead of their mainnet launch, Chia Network, the developer of blockchain and "smart transaction" platform, was in discussions with investors to secure additional financing, according to a note to investors...
Berkshire Hathaway’s Charlie Munger Finds Bitcoin ‘Disgusting and Contrary to the Interest of Civilization’
2.5.2021
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says he hates bitcoin’s success. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” Munger said. Buffett, on the other hand, dodged...
Billionaire Mark Cuban’s Million-Dollar Bet: BTC or ETH to Outpace the S&P 500 in 10 Years
1.5.2021
The American billionaire entrepreneur and television personality, Mark Cuban, has waged a bet with Creative Planning’s founder Peter Mallouk over the performance of cryptocurrencies versus the S&P 500. Cuban said on Twitter that the two should put $1 million into a stablecoin-based smart...
South African Women Lose Money to Crypto Scammer Who Convinced Them That Botswana Pula Coins Are Bitcoins
1.5.2021
A group of South African investors recently confessed to losing money to a brazen scammer after he convinced them to buy and hold nearly worthless physical coins. The coins, which are denominated in the Bostwana pula currency, were initially sold to a group of South African women back in 2019 when...
Coinbase Buys Data Firm Skew, Company’s First Acquisition Since the Nasdaq Direct Listing
30.4.2021
On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more...
Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs
30.4.2021
Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector
European Investment Bank Distributes $121 Million in Ethereum-based Digital Bonds
29.4.2021
The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with...
UnoRe Ecosystem for Investors
29.4.2021
PRESS RELEASE. UnoRe, the first decentralized reinsurance platform, is now allowing retail users to invest in risk. This opportunity is a part of the project’s vision to revolutionize the reinsurance industry, one that has been traditionally gatekept, preventing any significant innovation...
ICO Scams Have Distanced Investors From Blockchain Investments
27.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
In theory, ICOs are a game changing way to raise funds for innovative new projects. In some ways, similar to their nearly namesake cousin IPOs, yet with much bigger risks to take on board. With ICOs, all you need...
Ether options open interest grows 80-fold amid rising institutional appetite
27.4.2021
Open interest in Ether options trading has increased from $50 million to $4 billion over the last year
Charles Schwab Survey: Young UK Investors Prefer Cryptocurrencies to Stocks
26.4.2021
Major U.S. financial group Charles Schwab has conducted a survey and found that young British investors are twice as likely to buy cryptocurrencies, such as bitcoin, as they are to buy stocks. The company says it is watching the crypto space closely but needs “additional clarity from...
Blockchain Object Storage Company Filebase Raises $2M, Aims to Incorporate Filecoin and Arweave Networks
26.4.2021
Filebase, a blockchain-based object storage company built on top of the Sia network has revealed the business has closed an initial seed round gathering $2 million from investors. Interest in decentralized storage networks has blossomed in recent months and Filebase expects the growth of global...
Dogecoin Investor Becomes Millionaire in 2 Months, Inspired by Elon Musk
25.4.2021
A dogecoin investor has shared his story of how he became a crypto millionaire in a little over two months after learning about the meme cryptocurrency and pouring all his savings into it. He said he was inspired by Elon Musk’s tweets about dogecoin. A Doge Millionaire Shares His Story...
Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea
24.4.2021
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going...
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
‘Black Swan’ Author Nassim Taleb Advises to Stay Out of Bitcoin, Citing No Link to Inflation or ‘Anything Economic’
23.4.2021
The famous author of The Black Swan, Nassim Nicholas Taleb, says investors should not buy bitcoin. To hedge against the current turbulent market, he advises buying stocks or real estate, emphasizing that bitcoin has no connection to inflation or “anything economic.” Nassim Taleb Advises...
Torum Closes Million Dollars Private Round to Create Social Media Platform With NFT and DeFi
23.4.2021
PRESS RELEASE. Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry. The $1.45M private round was participated by 13 private investors which consist of AU21 Capital...
New Bitcoin ETF Investors To Come Via Dubai
22.4.2021
Source: Adobe/Cara-Foto
While the United States is still awaiting the debut of its first bitcoin (BTC) exchange-traded fund (ETF), the Middle East looks set to beat it to the punch – with a fund in Dubai on the verge of launch.
The issuer will be the Canadian crypto investment manager 3iQ, which...
Institutional XRP inflows surge as AUM nearly doubles
21.4.2021
Institutional investors have rallied around XRP and other altcoins this past week, with nearly $33 million being injected in XRP investment products
Tokemak raises $4M from Framework and DeFi investors to build a ‘liquidity reactor’
20.4.2021
Tokemak plans to become the director for decentralized exchange liquidity