Monthly Archives: July 2020

South African Exchange Valr Raises $3.4 Million in a Series A Funding Round

A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In a podcast with SA Crypto, Valr CEO, Farzam Ehsani explains the significance of getting the funding at a time when investor mood has been dampened by the effects of the global pandemic, Covid-19. A statement by Ehsani is touting the addition of […]

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Bitcoiners Are Not Looking for a Store of Value, Gold Bug Adam Schiff Says

Although Bitcoin holders often describe the asset as a store of value, gold advocate Peter Schiff said such participants do not actually seek wealth storage, hunting instead for profit. A known gold enthusiast, financial commentator Peter Schiff said Bitcoin (BTC) holders are not actually looking to the asset as a storage of wealth — one of the most commonly touted use cases surrounding the coin.  “I buy gold as a way to store my wealth, as a conservative place to keep liquidity, as opposed to keeping it […]

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China Considers Implementing Blockchain Tech in Equity Trading Centers

China’s Securities Regulatory Commission allows regional equity markets to experiment with blockchain in the equity trading industry. The China Securities Regulatory Commission, or CSRC, recently issued a letter approving five regional equity markets. They will include equity centers in Beijing, Shanghai, Jiangsu, Zhejiang and Shenzhen. These and other regions received authorization to begin experimenting with a blockchain pilot in early July. Blockchain and equity trading According to Beijing Local Financial Supervision and Administration, the next step for the CSRC is to guide Beijing Equity Trading Center to […]

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Over 7M Americans Own BTC But Hold None In Retirement Accounts

Millions of U.S. citizens own both Bitcoin and a retirement account, but hold no Bitcoin in that retirement account. Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts.  “There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano […]

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Ethereum ‘Flippens’ Stablecoins to Become the Most Used Blockchain

Increasing stablecoin use and the rise of DeFi has made Ethereum the most used blockchain. For the last month Bitcoin (BTC) price has traded in a tight range and trading volume has been relatively flat. Meanwhile, several tokens on the Ethereum network have been topping the price charts, especially the Decentralized Finance (DeFi) tokens. New data from Messari shows that Ethereum has just surpassed Bitcoin as the network that settles the most value per day. This means that the dollar value on the transactions of both Ether […]

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Why Did LocalBitcoins Give Up Their Users’ Privacy?

LocalBitcoins COO Elena Tonoyan explains how the oldest peer-to-peer Bitcoin exchange is fighting against criminal activity on its platform. Elena Tonoyan, the COO at LocalBitcoins, explains how the oldest peer-to-peer Bitcoin exchange has been stepping up the fight against criminal activities on the platform. As of 2019, LocalBitcoins has been cited as the exchange receiving the most criminal funds for three years in a row, according to a report by CypherTrace. The results for 2020 will be much different, assures Tonoyan, referring to the stringent KYC/AML procedure […]

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Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official

Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,â€� chairman at local anti-corruption service says. The Chairman of Kazakhstan’s anti-corruption service has called on the government to develop a national digital currency to fight corruption in the country. Alik Shpekbayev, chairman of Anti-corruption Agency of the Republic of Kazakhstan, reportedly said that national digital currencies like China’s digital yuan should contribute to a more transparent financial system. The news was reported by local news agency Kazinform on July 21. National digital […]

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Could Compound’s Governance Token COMP Be Deemed a Security?

Examining COMP’s ability to pass the Howey test for being qualified as investment contracts and to be considered a security. Innovation springs eternal in the digital asset ecosystem, and with Compound’s launch of its governance token, COMP, last month, the burgeoning world of decentralized finance continues to pick up steam. The broader cryptocurrency community has embraced COMP, which now trades on OKEx, Binance and Coinbase Pro, among other digital asset exchanges, while other investors were dumping Compound tokens after listing on major exchanges, according to the report […]

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New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin

On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates. For years now armchair sleuths and researchers have tried to estimate how many bitcoins Nakamoto owns and many people leveraged mining patterns. One of the most popular theories about Satoshi Nakamoto’s bitcoin (BTC) stash stems from RSK Labs chief scientist Sergio […]

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BOSAGORA(BOA) Won UN Solidarity Awards

Public Blockchain Platform ‘BOSAGORA’ has received ‘the UN Solidarity Awards’ last 16th. The UN received stories of various actors contributing to individual/society to overcome COVID 19 last May. Among thousands of entries were gathered from all around the world and the UN hand selected the 50 most touching and effective entries that aimed to overcome COVID 19 together. 26 experts from global institutes/organizations participated as evaluators including vice president of European Union’s diplomacy and security committee, Director of UN development organization and Vice President of UN Foundation. […]

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