Monthly Archives: May 2018

Interest in Cryptocurrency Derivatives Drives CFD Marketplace’s Revenues up 284%

Derivatives trading platform provider Plus500 posted a 284% increase in revenues in the first quarter of this year compared to the previous year, largely due to high levels of interest in its cryptocurrency CFDs offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Triple Digit Rise On Tuesday, contracts for difference (CFDs) market provider Plus500 released its quarterly earnings for the three months ended March 31. “Q1 2018 revenues were $297.3m, an increase of 284% compared to the same period last year,” the company revealed, adding: The […]

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Nick Spanos: Saudi Arabia Is “Kicking the Tires — and That’s Huge”

In line with its Vision 2030 commitment to become the world leader in blockchain adoption, Saudi Arabia’s state-owned Aramco oil company is partnering with Nick Spanos and his company Zap.org to put Saudi oil industry management and accounting on the blockchain. Second only to the U.S. in world oil production, Saudi Arabia sees an opportunity to pull ahead and become the number one oil producer in the world. Saudi Arabia’s petroleum sector accounts for 42 percent of the country’s Gross Domestic Product, 87 percent of their budget […]

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Advertising On Social Media, Explained

Does advertising on social media actually work – and how influential are influencers? Discover this and more in our handy guide. Apparently the advertising sector on social media is huge. Is this true? For ordinary users, social networks are a way to keep in touch with friends. But with 2.5 bln users worldwide, they have now become indispensable marketing tools. It is estimated that $31 bln was spent on social media advertising worldwide in 2016 – almost doubling over a two-year period. As newspapers close and TV […]

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Fundstrat’s Robert Sluymer Says Crypto Market Technicals Suggest Buying

Fundstrat’s Robert Sluymer gave his technical analysis of 2018’s cryptocurrency markets on CNBC, concluding that “you want to be buying.” Robert Sluymer of Fundstrat Global Advisors gave his technical analysis of 2018’s cryptocurrency markets, with particular focus on Ethereum (ETH) and Bitcoin (BTC), on CNBC Tuesday, May 1. Sluymer drew a parallel between the significant impact of uncertainties surrounding regulation and taxation on trading prices in January 2018 – which saw ETH plummeting from $1,000 to $350 – and today’s situation. Commenting on the markets’ response to […]

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Bitcoin Network Hashrate At All Time High Even Among Market Corrections

Bitcoin’s network hashrate shows growth almost every day, proving that BTC mining is still popular even with the market fall since the new year. The Bitcoin (BTC) network’s hashrate is continuing to climb today, May 2, according to data from BitInfoCharts. The continuous growth of the hashrate over the past months signals a constantly increasing level of interest from the miners, in spite of Bitcoin’s inability to break the $10,000 price point after the market crash in February. After BTC’s price reached $20,000 in December of last […]

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EEA Releases Standardized Architecture Stack For Privacy-Focused Web Apps On Ethereum

The Enterprise Ethereum Architecture Stack (EEAS), will serve as a “framework” for ETH-based apps, says Ethereum’s co-founder Lubin. The Enterprise Ethereum Alliance (EEA) has released their Enterprise Ethereum Architecture Stack (EEAS) today, May 2. The new software stack standardizes the specifications for Ethereum-based business applications for the Web 3.0 era. The EEA is a group of companies focused on improving the privacy, scalability and security of Ethereum blockchain applications. Formed in February 2017 by Santander, JP Morgan and a number of other founders, the organization has grown […]

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Markets Update: Trading Action Heats Up During the First Week of May

Cryptocurrency markets are seeing some action today as digital asset values have been fluctuating over the past 72 hours. During yesterday’s trading sessions a lot of digital currencies dropped anywhere between 2-6 percent but many are erasing some of those losses today. On April 28, BTC/USD markets touched a high of $9,538 but dipped below the sub-$9,000 regions on May 1. Bitcoin Cash (BCH) markets touched a high of close to $1,500 on the 28th as well but dropped to $1,320. Today, however, BCH has managed to […]

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New Blockchain Initiative for the Automotive Industry Announced in Dubai

Companies ranging from IBM and Context Labs to Ford and BMW announced their collaboration at this year’s Futures Blockchain Summit in Dubai and have gathered together to form the Mobility Open Blockchain Initiative (MOBI). The association will explore further blockchain use and study how its technology can make the industry of global transportation less expensive, safer and more widely accessible to citizens around the world. MOBI is now working with enterprises that account for over 70 percent of global vehicle production in terms of market share including […]

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New Blockchain Research Group Launched By 30 Members Including Car Giants BMW, GM

A major new blockchain research group launches today focused on automotive travel and incorporating several car giants. Four of the world’s biggest car manufacturers launched their joint blockchain platform May 2 in a bid to change transportation, according to a TechCrunch report Wednesday. In addition to BMW, GM, Ford and Renault, the Mobility Open Blockchain Initiative (MOBI) is the brainchild of over thirty participants including Bosch, Hyperledger, IBM and IOTA. Together, members will focus on “using blockchain and related technologies to make mobility safer, greener, and more […]

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Unicef Australia Launches Crypto Mining Donation Platform

Unicef Australia has launched a platform through which third-party donations are made in the form of in-browser computing power which is used for cryptocurrency mining. The website, The Hopepage, allows donors to designate a set percentage of computing power to divert to mining Monero on behalf of Unicef. Also Read: Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin Unicef Australia Encourages Donations of Computing Power Through In-Browser Monero Mining Unicef Australia has launched The Hopepage, a website that the company states will “allow Australians to […]

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