Tag: category-/Finance/Investing/Currencies & Foreign Exchange

Planet Nine launches alternative to in-game advertising and digital currencies

Planet Nine is launching a Ethereum-based alternative for monetizing games that emphasizes rewards for gamers, rather than microtransactions, in-app purchases, or advertising. The Portland, Oregon-based company wants to create a new digital economy with its “fungilbe and non-fungible tokens as a way to make publishers and game developers more profitable. Planet Nine said it combines […]

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IBM-Unilever blockchain pilot cuts wasteful ad spend

A year-long pilot that uses blockchain to improve online advertising efficiency has yielded promising initial results, according to IBM CMO Michelle Peluso. The project has already reduced pennies on the dollar of waste in the area of ad reconciliation and brought greater transparency to the complex gauntlet of intermediaries brand advertisers have to deal with, […]

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CipherTrace: Cryptocurrency thefts, scams, and fraud could hit $4.3 billion in 2019

Cryptocurrency thefts, scams, and fraud could hit $4.3 billion in 2019, according to a report by cryptocurrency intelligence firm CipherTrace, which previously reported Q1 fraud at about $1.2 billion. CipherTrace has now released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, the latest comprehensive overview of major cryptocurrency thefts, scams, and fraud around the world. […]

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Lawmakers circle the airport while crypto innovators move offshore

My sympathies go out to Jeremy Allaire. He was recently asked to testify before the Senate Banking Committee as committee members discussed the future of cryptocurrency regulations. He shared the spotlight during the July 30 hearings with Rebecca Nelson, a trade and finance specialist, who offered lawmakers a 10-year overview of cryptocurrencies, and Mehrsa Baradaran, a banking […]

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EZ365 reveals blockchain for digital asset trading, gambling, esports betting, and education

EZ365 today announced its plan to launch the world’s first blockchain-based ecosystem that combines a digital asset exchange, a cryptocurrency casino, esports betting, and a blockchain education portal. That’s an all-in platform which shows off the potential of blockchain to enhance traditional online businesses. Malta-based EZ365 has three integrated and complementary platforms: EZ Exchange – […]

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FTX raises $8 million for cryptocurrency derivatives exchange and trading platform

FTX has raised $8 million in funding for its cryptocurrency derivatives exchange and trading platform. Incubated by Alameda Research, a quantitative trading firm that trades up to $1 billion per day and manages over $100 million in digital assets, FTX was developed by an experienced team of traders from traditional financial institutions like Jane Street, […]

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The new frontier of blockchain gaming

Presented by Lucid Sight Over the past few years, blockchain has been a hot topic in technology with more mainstream brands actively taking an interest.  Last year the Los Angeles Dodgers launched the first-ever Crypto Bobblehead Night at Dodger Stadium and now CBS is partnering with Lucid Sight to auction the first six iconic Star […]

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The small nations going big on cryptocurrency

(Reuters) — When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya worked with IT firms and […]

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Crypto can prevent money laundering better than traditional finance

Despite common misconceptions, cryptocurrencies like Libra allow better identification and  prevention of illegal activity than traditional payment systems. Last week, President Donald Trump spoke out about the potential misuse of cryptocurrencies to facilitate unlawful behavior. He’s right that crypto assets are sometimes used by bad actors, but every currency and payments system in the world […]

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Horizon Blockchain Games raises $3.75 million and debuts SkyWeaver online trading card game

Horizon Blockchain Games has raised $3.75 million in seed funding and it has unveiled its debut blockchain game, SkyWeaver, which offers true ownership of digital cards. The Toronto-based game company is treading in a familiar area for blockchain game companies, such as CryptoKitties, in using blockchain — the transparent and secure decentralized ledger technology — […]

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U.S. proposes barring Facebook and other big tech firms from offering financial services

(Reuters) — A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after Facebook’s proposed Libra […]

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Chia Network creates a $100,000 contest to bolster its cryptocurrency platform

Chia Network is launching a $100,000 contest with prizes for developers who use its Proof of Space method to create a more efficient cryptocurrency. Chia’s “green paper” contends that Bitcoin is inefficient and that if things continue the way they are going, Bitcoin mining will account for a half percent of the world’s energy next […]

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Crypto Briefing launches Simetri research for cryptocurrency investors

Cryptocurrency investors have ridden a rollercoaster in the past couple of years. So Crypto Briefing, an independent cryptocurrency reviewand news platform, is launching a subscription service dubbed Simetri that will offer crypto research and analysis for investors. Crypto Briefing is charging $125 a month for subscriptions to a limited number of subscribers for Simetri. The research […]

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Facebook’s ‘cryptocurrency’ Libra has nothing to do with Bitcoin

By now, you’ve probably caught wind of Facebook’s freshly-unveiled cryptocurrency, Libra. The news captured international media attention and has dominated headlines for more than two weeks since the official announcement. But if this is the first time hearing of it, welcome to the future where data wasn’t enough and now Facebook wants to control monetary […]

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Blockchain blossoms in Haiti 

The technological revolutions that have shaped the modern world have thus far all taken root in rich countries. Today, a new disruptive technology is breaking that mold – blockchain. Nowhere is this plainer than Haiti, the poorest country in the Western hemisphere and home to a blossoming range of projects using blockchain technologies to solve […]

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France responds to Facebook’s Libra with new cryptocurrency task force

(Reuters) — France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday. Governor Francois Villeroy de Galhau said the task force would be led by Benoit Coeure, a European Central […]

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Microsoft joins Hyperledger blockchain technology community

Microsoft today said it’s joining the Hyperledger community for open source blockchain technology projects. Earlier today, Facebook debuted the Libra cryptocurrency and Calibra wallet for WhatsApp and Facebook Messenger, and a standalone smartphone app for other commerce. Microsoft joins a number of tech and finance organizations such as Baidu, Citi, IBM, Intel, J.P. Morgan, Salesforce, […]

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Facebook announces Libra cryptocurrency and Calibra digital wallet

Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android. The move has been expected for a while and it represents a big endorsement for […]

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Fireblocks raises $16 million to securely transition digital assets to blockchain

Digital asset theft is on the rise, enabled at least in part by poorly secured credentials and APIs. Over $3 billion in assets were stolen by hackers in the past 18 months alone, and recently, cryptocurrency exchange Binance lost $40 million in bitcoin as the result of an insecure virtual wallet. Furthermore, cyber security firm […]

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