Monthly Archives: June 2018

Life Changing Finance #22 – 3 Types Of People You Need Around You To Create Wealth – By Tai Zen

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Overstock’s tZero Signs Letter of Intent for $160 Mln Security Token Investment

Overstock subsidiary tZero has signed a letter of intent with an investment company GSR Capital for security token investment of $160 million tZERO, a security token exchange and subsidiary of Overstock.com, has signed a letter of intent with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens, according to a press release published June 29. Beijing-based GSR Capital will reportedly purchase $160 million worth of tZero security tokens at a price of $10.00 per token, pursuant to the Simple Agreement for Future […]

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Huobi and JD Cloud Sign Cooperation Agreement to Develop Blockchain and Cloud Computing

Crypto exchange Huobi has partnered with a Chinese blockchain company JD Cloud to explore blockchain and cloud computing. JD Cloud, a subsidiary of China’s largest online retailer JD Group, has partnered with digital currency exchange Huobi to explore blockchain technology applications and cloud computing, according to a press release published June 28. According to the press release, the companies have signed a strategic cooperation agreement to jointly explore some key blockchain application scenarios focusing on financial services, Internet of Things (IoT), and supply chain fields. Additionally, the […]

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Indian Exchange Zebpay Boosts Trading Support for 19 Cryptos Ahead of RBI Ban

Leading Indian cryptocurrency exchange Zebpay has added new cryptocurrencies to its crypto-to-crypto trading platform. The exchange now supports 19 cryptocurrencies and over 35 trading pairs, as it prepares for the banking ban by the country’s central bank to go into effect next week. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 19 Cryptocurrencies, 35+ Trading Pairs One of the largest cryptocurrency exchanges in India, Zebpay, announced Friday that it has added a number of cryptocurrencies to its crypto-to-crypto trading service. Zebpay claims to have over 3 […]

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Mastercard Latest Crypto Patent: Anonymous Third Party Transactions

This week marks another set of patents granted Mastercard, which is part of a many years attempt by the payments behemoth to employ technology underpinning most cryptocurrencies. The latest turn involves anonymous distributed ledger transactions via a third party processor. Also read: Bitlicense Should be Smashed, Candidate for New York Governor Urges Mastercard Granted Still More Crypto Patents In its latest crypto patent filings, Mastercard stresses “a need for a technical solution whereby an entity may participate in a transaction where transaction details may be posted publicly […]

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Ross Ulbricht Is Denied Prison Sentence Review by Supreme Court

The Supreme Court announced on June 28, 2018, that it will not reconsider the conviction or life sentence of Ross Ulbricht, the alleged mastermind behind the darknet site Silk Road. At press time, no reason has been provided for the Court’s decision. Ulbricht was first arrested in October 2013 at the Glen Park Branch Library in San Francisco. During his trial, prosecutors stated that, at the time, he was speaking online with an undercover FBI agent while running the site through an open laptop under the name […]

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Basketball Team Sacramento Kings Mine Ethereum to Fund Tech Education Scholarships

The Sacramento Kings will be installing ETH mining machines in an indoor basketball stadium in order to donate the proceeds to scholarships. The Sacramento Kings basketball team has teamed up with a crypto mining hardware firm to install mining machines in an indoor arena, with the crypto earnings funding a scholarship program, local news outlet The Sacramento Bee reported yesterday, June 28. The Kings have partnered with company MiningStore for the installation of Ethereum (ETH) mining machines in Sacramento’s Golden 1 Center. All crypto proceeds will go […]

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Microsoft Partners With Two Asian Firms on Blockchain Platform for Enterprises

Microsoft Taiwan teamed up with two other companies to provide a platform for enterprise blockchain development in the Asia-Pacific region. The Taiwanese subsidiary of tech giant Microsoft has partnered with tech investment company China Binary Sale Technology and High Cloud to create a platform for enterprise blockchain development, according to a press release from Microsoft June 28. Microsoft will provide its Azure cloud platform as a base for China Binary’s blockchain service. The three-part partnership reportedly intends to transform various industries such as finance, e-commerce, and entertainment, […]

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Lighting Labs Co-Founder and Bitcoin Developers Slam Study on Lightning Network

A study suggesting that the Lightning Network struggles to route payments, especially larger amounts, has been called ‘bullshit.’ On June 28, news emerged that a study, conducted by Diar, suggested that the Lightning Network, which is being heralded as a potential way for Bitcoin to scale, is not as effective at routing payments than was first believed. The study’s overall claim was that “the reliability of successfully routing a payment on the Lightning Network is still quite low,” especially when it came to larger amounts. However, experts […]

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Bitcoin Cash Support is Now Live on Purse.io

This week the well-known Purse.io, a firm that allows people to purchase items on Amazon and save 15 percent or more, has announced that Bitcoin Cash (BCH) support is now live. Furthermore, due to a partnership with the Bitcoin Cash Fund, the company is offering $10 cash back to Purse shoppers who shop and earn before the end of July. Also read: Cryptocurrency Firm Circle Sees Institutional Interest Spike 30% Purse.io Launches Full Bitcoin Cash Support The firm Purse.io has officially announced full BCH integration due to the […]

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