Monthly Archives: June 2018

World Wealth Report 2018: Young Millionaires Interested in Investing in Cryptocurrencies

According to Capgemini’s World Wealth Report 2018, almost two thirds of surveyed millionaires are interested in investing in cryptocurrencies. In its World Wealth Report 2018, consulting firm Capgemini identified a marked growth of interest in cryptocurrencies among rich investors, Cointelegraph auf Deutsch reported yesterday, June 19. For the report, Capgemini interviewed high-net-worth individuals (HNWI) and asset managers around the world about their interest in cryptocurrencies. According to the report, nearly a third (29 percent) of the surveyed millionaires expressed a high interest and more than a quarter […]

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Goldman Sachs Exploring Crypto Derivatives, Says COO

Goldman Sachs is considering crypto derivatives in addition to Bitcoin futures. Leading U.S. investment banking group Goldman Sachs is exploring cryptocurrency trading derivatives, Goldman Sachs Chief Operating Officer (COO) said in an interview with Bloomberg June 20. COO David Solomon stated that the company is already assisting clients in publicly-traded derivatives such as Bitcoin (BTC) futures, and that the company is “very cautiously” considering “some other activities” in the field. According to Solomon, the purpose of the company is to “evolve its business and adapt to the […]

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France Warns of Several Unauthorized Cryptocurrency Platforms

France’s financial markets regulator has issued a new warning against unauthorized platforms offering cryptocurrency investments. The regulator has added four websites to its list of blacklisted domains offering crypto investments without authorization. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space French Regulator’s Warning The French financial markets regulator, the Autorité des Marchés Financiers (AMF), on Monday warned “the public against several companies proposing atypical investments without being authorized to do so.” The AMF is an independent public authority responsible for ensuring that savings invested in financial […]

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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars

Tether Ltd., which issues a stable coin allegedly tied to U.S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. While the law firm did not perform an official audit, it did have access to Tether’s bank accounts and has released data regarding how much money the company holds. According to Tether CEO Jan Ludovicus van der Velde, the […]

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Bithumb – Details Still Sketchy After $30 Mln Hack

South Korea’s leading crypto exchange Bithumb halt’s services, moves crypto assets to cold storage following $30 million hack. South Korea’s biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack. Initial reports from the Yonhap new agency indicate that over $30 million worth of cryptocurrencies were stolen during a cyber attack on June 19. Cointelegraph Japan was informed that the hot wallet was hacked during the night and cryptocurrency stolen included Ripple. Once the exchange was made aware of the attack, it […]

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Crypto Mining: There’s A New Kid In Town

What is HashByte? Changes are already afoot in the fast-paced Cryptocurrency industry and more specifically crypto mining. There are now movements away from the energy-intensive Bitcoin mining ASIC approach to a more cloud mining concept which is a lot more eco-friendly. HashByte – the new kid on the block – has been involved with the Cryptocurrency market since the early days back in 2009. Computer and phones can be used with the new online transaction approach – hash power. Not only does the user enjoy a lot […]

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“No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies. Since the report’s publication, many leaders in the crypto community have argued that the BIS is incorrect in much of what it seems to state as fact. CEO and co-founder of Circle Jeremy Allaire commented that the report was “very shallow,” and added, “They haven’t done much research at all. They’re looking back at stuff that’s […]

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Stablecoin Project Secures Backing From Peter Thiel, Coinbase, 40 Others

A new project for a stabilized cryptocurrency that would function ‘like normal money,’ has received backing from Peter Thiel, Coinbase, and 40 others. A new project for a stabilized cryptocurrency that would function “like normal money,” has received backing from Peter Thiel, Coinbase, Distributed Global, GSR.IO and 40 others, according to a press release shared with Cointelegraph June 20. The developmental-stage stable-value crypto project is dubbed “Reserve,” and closed a collective $5 mln seed round to develop a fully decentralized cryptocurrency that works “by locking up other […]

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Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Can only a law professor teach about smart contracts? Universities have faced several challenges with adding crypto classes to their curriculum such as a scarcity of knowledgeable lecturers and an ecosystem that develops much faster than they can reprint books. Now they also have to worry about different departments bickering over control of the multifaceted subject. Also Read: You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport Academic Tug of War Over Crypto Classes Bitcoin, cryptocurrency and blockchain classes are all the rage at […]

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Rapper Akon Creates ‘Akoin’ Cryptocurrency for Use in Senegal’s ‘Akon Crypto City’

Rapper and singer Akon has announced the creation of his own cryptocurrency, the Akoin, to be used in his new crypto city. Rapper and singer Akon of twelve Billboard Top Ten Hits, including the famous “Smack That,” has announced the creation of his own cryptocurrency for use in his new African “Akon Crypto City,” Page Six reported yesterday, June 19. During a panel at Cannes Lion, Senegal-descended Akon said that his cryptocurrency, the Akoin, will be available in two weeks for use in the 2,000 acres of […]

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