Monthly Archives: May 2020

Enterprise Blockchain Market Will Hit $21.07 Billion By 2025, Says Fortune Business Insights

New research claims that the enterprise blockchain market will continue to rise to $21.07 billion by 2025. A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12.  It stated that:  “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 […] exhibiting a CAGR of 38.4% during 2018-2025.” Reasons behind […]

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China’s Central Bank Wants to Speed Up Blockchain Adoption

Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan. The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated. According to a report released by Sina on May 13, the bank’s deputy governor met with both PBoC officials and the heads of their affiliated financial companies. During the talks, Fan highlighted […]

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Pantera Capital Founder on What He Learned From Missing Out on Ethereum

Pantera Capital Founder explains how a Bitcoin maximalist bias led to the biggest mistake of his investor career. Dr. Steven Waterhouse, a founding partner of Pantera Capital, says that his biggest regret as a VC is not investing in the Ethereum (ETH) Initial Coin Offering (ICO), but he learned his lessons from his mistake. Waterhouse received his doctorate from Cambridge University back in 1997. He launched several successful ventures before joining Fortress Investment Group in 2013 where he rubbed shoulders with Mike Novogratz. Initially, the idea was […]

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Interpol Teams Up With Kaspersky to Declare ‘Anti-Ransomware Day’

Both parties agreed to increase awareness of the ongoing threat of ransomware attacks across the globe. International crime-fighting organization, Interpol, joined forces with cybersecurity firm, Kaspersky, to launch a campaign called “Anti-Ransomware Day”. The date is set on the third anniversary of the most significant ransomware attack on record, WannaCry. According to the announcement, the May 12 holiday will raise awareness about the effects of ransom-centric cyberattacks which continue to affect people and businesses all over the world. A study revealed by Kaspersky reported that until October […]

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CEO at Real Vision Raoul Pal Bets on Bitcoin Up 100x in Next Five Years

Raoul Pal, CEO & Founder at Real Vision, applies the economic cycle theory to predict major disruption of the global financial system will drive Bitcoin to new highs. Raoul Pal, CEO & Founder at Real Vision, applies the economic cycle theory to predict a major disruption of the global financial system. He believes this will drive Bitcoin to new highs. Despite the recent rally in the stock market, Pal sees dropping bond yields and falling commodity prices as signs the world economy is heading towards a grave […]

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Binance Freezes Funds Stolen From Upbit in Late 2019

Binance froze ETH previously stolen from Upbit immediately after the suspicious transaction was reported. An address associated with the $50 million hack of South Korean crypto exchange, Upbit, has moved some of the stolen Ethereum (ETH) to Binance. The world’s biggest exchange immediately froze these funds on its platform, and has initiated an investigation. On May 13, Whale Alert tweeted that a 137 ETH ($27,164) transaction was moving funds derived from hacked Upbit exchange to Binance. According to the transaction details, the transfer occurred at 12 p.m. […]

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New $3 Trillion Coronavirus Relief Bill: Second Stimulus Checks Could Be Coming to Americans

Americans could be getting their second stimulus checks as a new coronavirus relief bill has been introduced. It includes more direct payments of up to $6,000 per household. The new bill is expected to cost more than $3 trillion, making it the biggest emergency relief package in U.S. history. $3 Trillion Coronavirus Relief Bill U.S. House Speaker Nancy Pelosi unveiled Democrats’ latest coronavirus relief bill called the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act on Tuesday. The 1815-page relief package was introduced by Congresswoman Nita […]

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IOV Labs Ushers in Bitcoin-Based Mobile DeFi

A financial solution provider based on Bitcoin’s network unveiled a mobile-friendly light client, requiring no full node operation. IOV Labs, a startup that constructs financial solutions based on Bitcoin’s blockchain, has introduced another layer of scaling.  “IOV Labs announced the launch of its Light Client for the Lumino Payments Network, a third-layer Bitcoin scaling solution,” said a statement provided to Cointelegraph, which added: Lumino Payments Network enables off-chain payment capabilities for any current or future ERC20-compliant token deployed on the RSK and RIF blockchain networks.” Bitcoin-based decentralized […]

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Bitcoin Cannot Be Protected by Chinese Law, Local Court Rules

Bitcoin is not protected by Chinese law, a Fujian court reportedly rules — but other Chinese courts seem to have a different view. As a virtual commodity, Bitcoin (BTC) cannot be protected by the Chinese law, a court in Fujian province reportedly ruled on May 13. Fujian court dismisses a Bitcoin-related lawsuit According to Fujian Rule of Law News, the court was considering a dispute involving an investment to a “Bitcoin-themed club”. The plaintiff, named Liao, allegedly invested 500,000 yuan ($70,500) in this club. His expectation was […]

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Price Analysis 5/13: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

Altcoins are currently following Bitcoin price but soon they are likely to decouple and chart their own course. History suggests that Bitcoin (BTC) halvings have led to massive bull runs. After the first halving in November 2012, the top-ranked cryptocurrency on CoinMarketCap surged 10,000% from late 2012 to 2014. The second halving that took place in July 2016 produced a rally of about 2,500% from mid-2016 to Dec. 2017. On May 11, Bitcoin completed its third halving and the expectations are for another huge up move. Other […]

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