Monthly Archives: April 2019

Bermuda Ministry of Finance Approves Velocity Ledger ICO

The Bermuda Ministry of Finance has approved an ICO for trading company Velocity Ledger Holdings Limited. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL’s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate. If approved by the BMA, the company will operate a digital asset exchange in Bermuda. The release notes that […]

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Report: Tron Has Fastest Growing DApp User Base, Ethereum Still Developers’ First Choice

A recent report claims that Tron has the fastest growing DApp user base while Ethereum’s DApp user base is shrinking. A report released on April 9 by DApp (Decentralized Application) analytics website DApp.com reveals that Tron (TRX) has the fastest growing DApp user base while Ethereum’s (ETH) DApp user base is shrinking. On the Ethereum chain, there was a 4 percent decrease in the number of DApp users compared to last year. About 72,422 old users are still using Ethereum-based DApps in 2019. Decentralized Exchanges (DEXs) are […]

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Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto

CEOs of leading banks testified before the U.S. House Financial Services Committee about how the industry has transformed since the 2008 financial crisis. Chief executive officers of leading banks testified before the United States House of Representatives Financial Services Committee on April 10 on how the banking industry has transformed since the 2008 financial crisis. Among many topics spanning the breadth of the banking industry, the CEOs and lawmakers discussed blockchain technology and cryptocurrencies. During his allotted time for questioning, Rep. Warren Davidson (R) argued that the […]

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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. With the rapid downfall of bitcoin prices in late 2018 and increasing electricity bills, Chinese mining investors are looking for alternative places to sustain their businesses. The tightened regulations on cryptomining in the country, for the risk of crypto speculation and concerns about energy usage, urge them to […]

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Understanding Bitcoin, the Demos: How to Become a Bitcoin Power User

The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users. Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools. For your convenience, here is an overview of all of the demos: Blockstream Green’s Hardware […]

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Ripple Xpring, Bain Capital Invest in Early-Stage Blockchain VC Firm Robot Ventures

Ripple Xpring and Bain Capital have invested in Robot Ventures, an early-stage blockchain venture capital firm. Ripple’s developer ecosystem project Xpring and Bain Capital Ventures have invested in early-stage blockchain venture capital (VC) firm Robot Ventures, head of the fund Robert Leshner wrote in a blog post on April 10. Leshner, who also founded Ethereum-based financial open-source protocol Compound, has already completed two investments within its new venture capital initiative. Targeting fintech and product strategy disruptors, Robot Ventures invested in crypto mining firm Coinmine and Point, a […]

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Oracle Exec: 50% Of Companies Will Use Blockchain Tech in Next Three Years

Frank Xiong from software development company Oracle estimates that 50 to 60 percent of companies will use blockchain tech in the next few years. Blockchain technology could possibly be used by 50 percent of all companies within the next three years, the vice president of blockchain product development at software company Oracle said on Monday, April 8. Frank Xiong participated in the Forbes CIO Summit in Half Moon Bay, California, where he estimated that 50 to 60 percent of companies will use blockchain technology in the next […]

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Bitcoin Cash Users Have Mixed Millions of Dollars Since Cashshuffle’s Launch

Since the launch of bitcoin cash (BCH) mixer Cashshuffle a fortnight ago, the platform has accrued a lot of attention and users. A total of 8,625 BCH shuffled outputs have been recorded since March 27 and close to 2,000 Cashshuffle transactions. Also Read: Liberland’s Merit Token Built on Bitcoin Cash Captures $1M Market Cap ‘Every Day I’m Shuffling’ The Cashshuffle platform is gaining traction. Since the initial launch, and aided by support from the Electron Cash wallet, there’s been 8,625 BCH ($2.6 million) shuffled outputs processed so […]

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Bitstamp Receives New York BitLicense

Another digital asset platform has received approval to do business in New York. Bitstamp, one of the largest crypto exchange platforms in Europe, has been granted a virtual currency license from the New York State Department of Financial Services (NYSDFS). The exchange became the 19th firm approved to offer crypto-based services in the world’s financial center. The regulator announced in a press release published on April 9, 2019, that it had granted Bitstamp full authorization to run its digital currency operations in New York. Bitstamp applied for […]

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Bitfinex Scraps Its $10,000 Minimum Balance Rule

Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule. Citing a rising demand from retail traders who couldn’t trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is now ready for a “new wave of customer accounts,” according to a company Medium post. “We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base,” […]

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