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ABEYCHAIN 2.0: Driving the Next Generation Blockchain Ecosystem
26.5.2021
Scalability is one of the problems facing public blockchains like Bitcoin and Ethereum. This is because their architecture is not sufficient to handle the increased number of users. Ethereum, in particular, has been plagued with slow confirmation times and high transaction fees leading many...
Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold
23.5.2021
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World...
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe
18.5.2021
Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious...
Bridgewater Associates’ Ray Dalio Warns Crypto’s Success Could Bring Tough Regulation
16.5.2021
Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to have an alternative...
tZERO Signs 3 Firms Looking to Tokenize Securities
12.5.2021
The Overstock-owned company is onboarding OmniValley, Trellis and Wunderfund, a trio of investment platforms
Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million
8.5.2021
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative...
Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income
1.5.2021
Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source...
Customers From Latin American E-Commerce Giant Mercado Libre Can Buy Real Estate With Bitcoin
29.4.2021
The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative...
Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token
29.4.2021
Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez...
Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis
20.4.2021
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing...
Smartlands Platform Launch: Tokenizing the Real Economy in Europe With a First-Mover Advantage
19.4.2021
In April, Smartlands will launch an alternative investment platform for buying and selling tokenized shares of real-world assets. The platform, built on the Stellar open-source network, will first focus on issuing security tokens that represent a suite of high-yield real estate listings based...
Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’
19.4.2021
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC).
Li Bo was quoted by multiple media outlets...
Crypto-First Trading App SimpleFX to Introduce Staking
15.4.2021
PRESS RELEASE. SimpleFX, one of the world’s leading trading apps with both crypto and fiat accounts is going to invite traders to try out their beta staking module. The trading app is already recognized as a great alternative to mainstream Robinhood or eToro platforms. They win new users...
YFX.Com – Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee
11.4.2021
PRESS RELEASE. YFX.COM is the world’s first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without...
Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform
9.4.2021
PRESS RELEASE. 9th April 2021, Delaware, United States – Social media has reshaped the digital landscape, yet people worldwide feel more disconnected than ever. The big giants have all innovated successfully, but constant monetisation efforts for the sake of corporate profit have done away...
GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution
9.4.2021
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset...
Another Hedge Fund Gets Crypto Exposure via Grayscale’s GBTC
8.4.2021
Millennium, the U.S.-based alternative investment management firm, has become the latest hedge fund to get exposed to cryptocurrencies via Grayscale Investments’ bitcoin trust. However, the extent of Millennium’s exposure to the crypto asset has not been disclosed as both Millennium...
Bitcoin’s Price Consolidates, Elon Musk Tweet Sends Dogecoin Surfing, Filecoin Surges
2.4.2021
While bitcoin prices have been consolidating just under the $60k handle, a number of other alternative digital assets have seen steep gains. Two coins, in particular, the decentralized storage network filecoin token and the notorious meme token dogecoin have jumped well over 10% during the last...
Prometheum and Anchorage set to launch alternative cryptocurrency trading system
31.3.2021
The alternative trading system, PEATS, is vying to become a FINRA and SEC-regulated platform