Monthly Archives: October 2019

State-Backed German Bank Says Bitcoin Will Leap to $90,000 in 2020

German bank BayernLB has published its latest report on Bitcoin vs gold and thinks BTC is about to take a big leap forward in 2020. The German bank BayernLB has published a report on Bitcoin (BTC) vs gold in which it predicts a big leap for BTC in 2020. Bitcoin outshining gold? On Oct. 1 the Munich-based bank BayernLB published its latest research report that seems to suggest that the forthcoming Bitcoin halving effect hasn’t yet been priced into its current price of around $8,300. The German […]

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Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto

27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC or USDC) to match the amount of stock Pelosi holds in Facebook, and upset an antiquated governing body Bacelar feels runs the risk of rendering the U.S. “left behind.” Also Read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry […]

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BlackRock, Goldman Sachs Veteran Joins Blockchain as General Counsel

After serving over 25 years at two of the world’s largest financial institutions, Howard Surloff joins Blockchain.com as general counsel. BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider Blockchain.com as general counsel. Over 25 years in traditional finance After serving over 25 years the two of the world’s largest and most respected financial institutions, Surloff will now be responsible for advancing Blockchain’s standard for legal, compliance and corporate governance within the crypto industry, the firm announced on Oct. 1. Prior to entering […]

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Blockchain Startup Tracks Property Liens in Energy-Efficient Loan Market

Blockchain startup Spring Labs was selected to develop a national property lien registry for four financing providers in the United States. Blockchain company Spring Labs will be developing a national property lien registry for four financing providers in the United States. Combat fraud and enhance identity validation In an Oct. 1 press release, Spring Labs announced that it was selected by the Property Assessed Clean Energy (PACE) financing providers to create a property lien registry to track liens in $5.6 billion energy-efficient loan market. The Spring Protocol, which […]

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KIK Closes Messenger and Lays off Staff to Continue SEC Lawsuit Fight

Kik announces that it is in for the long fight against the SEC, closing its app and leaving over 2 million users behind. Messaging giant Kik has been embattled in a fierce exchange with the United States Securities and Exchange Commission (SEC) over the last year for a token fundraising run in late 2017. The latest news, confirmed by Kik CEO Ted Livingston, reports that the firm will shut down the Kik app and reduce its staff down to around 10% of the current headcount. According to […]

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European Commission Exec Questions Facebook’s Libra Stablecoin

Executive Vice President-Designate of the European Commission, Margrethe Vestager, has questioned the motives behind Facebook’s forthcoming Libra stablecoin. Executive Vice President-Designate of the European Commission, Margrethe Vestager, has questioned the motives behind Facebook’s forthcoming Libra stablecoin. In an interview with the Financial Services Union of Denmark, a fragment of which was published on Oct. 1, Vestager addressed the possible impact from Libra’s launch — such as competition due to Facebook’s multimillion user base and distortion of competition in the payment services market. Vestager argued: “It’s a pretty […]

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SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale

The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify investors who suffered damages. Also read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry Block.one Fined $24 Million for Unregistered ICO On Monday, the SEC published an announcement revealing that Block.one, a blockchain technology company, has agreed to pay a […]

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FB’s Internal Q&A Sessions Reveal Early Strategy for Libra: Leaked

Facebook CEO Mark Zuckerberg outlined the firm’s approach to regulators regarding Libra in newly leaked audio from an internal Q&A session held in July. Newly leaked audio from Q&A sessions between Facebook’s CEO and employees revealed Facebook’s early strategy for Libra launch. One month after releasing Libra’s white paper On Oct. 1, tech news agency The Verge published audio and text from recent internal meetings at Facebook where CEO Mark Zuckerberg answered employees’ questions about the future of the social media giant. According to the report, the […]

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Crypto Investors KR1 Thank Cosmos Network for $5.6M Profit in H1 2019

Digital asset investement firm KR1’s portfolio surged in value in H1 2019, with the company attributing its $5.6 million profit to the launch of Cosmos network. European digital asset investment firm KR1 posted a $5.6 million profit for the half year ending on June 30, 2019, mainly due to the launch of Cosmos network. High returns from bull market in H1 2019 In an interim report published on Bloomberg on Sept. 30, KR1 CEO George McDonaugh emphasized that the firm’s portfolio surged in value in the H1 […]

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Vaultoro Announces VGold, a Lightning-Based Bullion Token

Vaultoro, the first gold exchange to enable bitcoin trading pairs, is working to add a new Lightning-based token called VGold. This new digital asset is built on the RGB protocol and is expected to launch by the end of 2019. According to Vaultoro’s communications and media officer, Gabriel Escalona, the company has opted in favor of Bitcoin’s second layer (as opposed to other popular token-issuing protocols) because Lightning is “super-fast, instantly transferable without confirmation times, and with near-zero costs.” “It’s really amazing,” Escalona continued. “We want to […]

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