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News


BitMEX CEO Arthur Hayes Says Bitcoin Will Test $10,000 in 2019
Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has predicted that Bitcoin (BTC) will get back to the $10,000 price point this year. Hayes shared his predictions in a newsletter published on March 22.

According to Hayes, the market recovery will begin in early fourth quarter of 2019. Hayes said:
“The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. [...] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less than one month from $10,000 to $20,000 back to $10,000.”

Earlier in March, the research arm of BitMEX revealed that its Ethereum Parity full node contained a “potential bug,” reporting that the Parity node “sometimes reports that it is in sync, despite being several hundred thousand blocks behind the chain tip.” The authors claimed that the purported bug could be exploited by an attacker in some circumstances, but states it is “highly unlikely” to happen.

In January, BitMex published research unveiling that the combined value of all the tokens that the analyzed projects had allocated to their own teams went down from $24.2 billion at the time of each individual token’s issuance to about $5 billion.
BitMEX said that the 2018 crypto bear market accounted for 54 percent of the losses, along with $1.5 billion worth of transfers to external addresses and other factors that brought projects’ holdings down even further. The report also highlighted that the historical combined peak value of the tokens controlled by the subject teams was more than $80 billion, using each coin’s individual price peak.

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Mar-23-2019 06:13:14 PM
Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee
Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months.

In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn.

“I think the key number to watch is the 200-day moving average,” he told the network, continuing:
“If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.”

Referencing Bitcoin Cash’s (BCH) contentious hard fork in mid-November, Lee stated, “I think the damage that really needs to be repaired is that drop from $6,000 to $3,100,” adding:
“I think it really undermined investor confidence and the dynamics around the market[.]”

As recently reported, Bitcoin had begun to deliver returns to investors through February, with average daily increases of around 0.5 percent. The number this month has shrunk, with daily numbers closer to 0.2 percent, leading some to think a fresh bear market downturn could be imminent.
Since peaking at all-time highs around $20,000 in December 2017, Bitcoin has seen the longest bear market in its history, with subsequent lows averaging just above $3,100.

In December, fellow market analyst Tone Vays sounded a more intense warning, forecasting BTC/USD to fall to near $1,000 before bearish sentiment definitively ends.

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Mar-16-2019 08:20:19 AM
Happy Woman’s Days
It is a great pleasure for me to say that they face all the challenges at life with grace and dignity and fight all the odds with strength and bright. Best wishes on Women’s Day to all the women.

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Mar-8-2019 10:59:57 AM
Green Spring with Wssavior
Hello Dear Clients and Guests,

We are more than 1600 days on market already and happy to share this news with you! We would like to say few words about some updates and the essential facts and figures about our company:
More than 11500 investors from all over the world, with a great potential for the future, more than USD 220 million of total investments, more than USD 120 million has already withdrawn by our members.
We are in a constant search of the possibilities of the income growth and best incentives for our members who wish to earn additional funds through lucrative referral program. We have updated our referral program to 5%-2%-1%-1% multi-level commission.

Our referral rewards program offers earning at four levels and pays 5% of the deposits made by your first-line referrals, 2% of the deposits made by you second-line referrals (the people invited by your first-line referrals), 1% of the deposits of your third-line referrals (the people invited by your second-line referrals) and 1% of the deposits of your fourth-line referrals (the people invited by your third-line referrals).
Just share the word of our investment fund with your friends and other people to create a lucrative income stream paying you from every new deposit in your four-level downline.

There are a lot of interesting updates are coming.

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Mar-1-2019 02:57:01 PM
South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups
The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups, according to the official announcement published on Feb. 18.
According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various investments problems with Series A funding rounds. The fund, launched last year, will primarily focus on startups related to blockchain and fintech industries.
The Seoul Metropolitan Government announcement underlines that the average investment per company in London and Silicon Valley is approximately $6-7 million, while in Korea it is only about $1.1 million. Jo In-dong, the head of the economic policy department at the Seoul Metropolitan Government, said:
"Innovative startup investments will be the cornerstone of corporate growth that creates innovation in our society and will be a critical [drive] for the growth of innovative venture companies. We will expand our investment to [...] stimulate the startup investment market and create a [competitive] startup ecosystem."
Last month, the capital city’s government announced the launch of the Seoul Blockchain Governance Team, which consists of 100 employees, with the goal to examine the potential and benefits of blockchain applications in various government services, as Cointelegraph wrote on Jan. 31.
As Cointelegraph reported on Oct. 4, the mayor of Seoul, Park Won-soon, revealed a five-year plan, dubbed “Blockchain City of Seoul,” for promoting the development of blockchain-related initiatives in South Korea’s capital city.
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Feb-19-2019 03:17:46 PM
Luxembourg Passes Blockchain Framework Bill Into Law
Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology in financial services, according to an official announcement published by the country’s parliament, the Chamber of Deputies, on Feb. 14.
The new law aims provide financial market participants with more transparency and legal certainty in regard to the circulation of securities with blockchain technology. The bill is also geared to make the transfer of securities more efficient by reducing the number of intermediaries.
According to local news outlet Luxembourg Time, the bill grants transactions done with blockchain technology the same legal status and protection as those done through traditional means. Out of 60 parliamentarians, only two members of the left-wing party déi Lénk reportedly voted against the bill.
Luxembourg is known for its proactive approach to blockchain technology. In November 2018, the University of Luxembourg partnered with Luxembourg-based trading platform VNX Exchange in a bid to improve the security of digital assets. Within the collaboration, the University of Luxembourg purportedly helps VNX develop higher levels of network security for digital assets.
In March, the Luxembourg Financial Regulator CSSF issued a warning against investments in cryptocurrencies and initial coin offerings (ICOs). The regulator noted in the warning that cryptocurrencies are not backed by any central bank, and warned against the volatility of virtual currencies, stressing that deals are often not entirely transparent and business models are incomprehensible.
Meanwhile, a study conducted by research company Ipsos on behalf of Dutch ING Bank B.V. in June revealed that the lowest rate of people owning cryptocurrency — 4 percent — rate is in Luxembourg.
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Feb-15-2019 09:45:15 AM
Parity Technologies Fixes Node Vulnerability, Urges All Ethereum Nodes to Update
Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3.

Parity, which is a popular technology stack for Ethereum users, said it had received notification of a loophole which would allow an attacker to shut down nodes running its client.
“On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node will crash,” officials summarized.

On social media, Parity confirmed it had issued a patch to fix the vulnerability within hours, with nodes running the affected versions nonetheless required to update their software.
“While the vulnerability only directly affects Parity Ethereum nodes that serve JSONRPC as a public service (e.g., Infura, [MyEtherWallet], MyCrypto, etc), we recommend everyone to update their nodes immediately,” a tweet read.

In late 2017, one user of Parity’s Ethereum (ETH) wallet accidentally quarantined 513,774.16 ETH (around $54 million). In April 2018, an Ethereum Improvement Proposal (EIP) that would restore a disabled contract to unfreeze the funds was voted down.

In June 2018, another vulnerability discovery led to a similar request to install node updates.
Last month, the organization received a grant from the nonprofit Ethereum Foundation worth $5 million to fund development on Casper, sharding and infrastructure.

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Feb-5-2019 10:03:08 AM
Nasdaq CEO: Crypto Could Still Become ‘a Global Currency of the Future’
Adena Friedman, president and CEO of Nasdaq Inc., says that cryptocurrency “deserves an opportunity to find a sustainable future in our economy,” in a post on LinkedIn, published Jan. 20.
Writing ahead of her appearance at the World Economic Forum at Davos this week — the opening day of which is today, Jan. 22 — Friedman stated that Nasdaq believes crypto will have a role in the future, characterizing “the invention itself [as] a tremendous demonstration of genius and creativity.”
Thus far, she argued, crypto has evolved through what she terms a “classic invention lifecycle” — from its early path forged by pioneers in cryptography and economics, to a period of hype, the proliferation of new market entrants, and now, most recently, “a dose of reality.” Crypto thus stands at a crossroads, she says, poised between one of two outcomes:
“1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric (e.g., the Internet); or
2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway).”
The CEO argued that for crypto to evolve into a practical, useable invention with stable value it requires “governance and regulatory clarity.” She also suggested that both of these are, at their core, “antithetical to the original intent [of] a decentralized, ungovernable global currency.”
Remarking on the need for a transparent and fair crypto exchange market in particular, Friedman noted that Nasdaq has provided its in-house technology to help start-up exchanges forge best practices.
As reported, Nasdaq has provided its SMARTS Market Surveillance Technology to major industry participants such as the Winklevoss twins’ Gemini exchange, which enables the platform to monitor suspicious trade behavior in a bid to prevent market manipulation.
Earlier this month, DX Exchange, a platform that uses uses Nasdaq’s Financial Information Exchange (FIX), launched trading of cryptocurrencies and tokenized traditional stocks.
In December, ErisX, an institutional marketplace for crypto spot and futures, raised $27.5 million from Nasdaq Ventures and Fidelity Investments.
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Jan-22-2019 01:19:10 PM
US Dept. of Energy Grants $4.8 Million to Fund Research of Tech Including Blockchain
The Department of Energy (DOE) of the United States has announced $4.8 million in funding for university research of technologies including blockchain, according to an announcement published Jan. 7.
The funding has been announced by the department’s office of fossil energy. Projects eligible for funding include those researching emerging technologies, “such as blockchain and decentralized, peer-to-peer [P2P] internet protocols” to secure data from fossil power generation sensors.
The developed systems would be used to securely process data from the sensors and other unspecified information flows within distributed sensor networks for fossil-based power generation systems.
The DOE said it “anticipates selecting up to 12 projects” to receive the funding allocation.
As Cointelegraph reported in December, Spanish renewable energy company Acciona Energía — recognized as one of the largest renewable energy operators globally — is set to deploy blockchain tech to trace electricity generation.
Also in December, news broke that South Korea’s government will spend about $3.5 million to set up a blockchain enabled virtual power plant in the country’s second most populous city, Bausan. The plant is meant to integrate the idle capacities of multiple energy sources to optimize power generation.
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Jan-10-2019 12:19:49 PM
Happy New Year 2019!
Hello Dear Investors and Guests,

Sincerely congratulate you a Happy New Year 2019! May the New Year bring you new opportunities and may you rise to new heights. May the sky be the limit for your success this New Year! We wish that our cooperation brought you the financial growth and higher results. We strongly believe that the coming year will be successful for all of us. Let it bring to all of us new hopes, new ideas, fortune and success! We wish all of you peace and kindness! May this New Year be a year full of joys, good luck and beautiful experiences!
Have a happy and successful New Year!

Happy Holidays!
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Jan-1-2019 03:49:51 PM
Merry Christmas!
Hello Dear Investors and Guests,
On the eve of winter holidays we want to wish you and your families a Merry Christmas and may this festival bring abundant joy, happiness and financial prosperity in your life. Live together in harmony and happiness, giving space for every one around us to complete our lives in this planet.
May peace, happiness and goodwill be with you and your family not only on Christmas, but throughout the year and beyond.
Happy Holidays!
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Dec-25-2018 09:30:26 AM
Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep
A Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind, tech news website The Next Web (TNW) reported
Speaking at a Hard Fork Decentralized event, Barclays’ Julian Wilson stated that when building blockchains, developers need to “reconfigure our approach and way of thinking.” Wilson argued that not all business models require blockchains and that the tech should not be used, as TNW paraphrased his words, “as bolt-ons or additions to current business models.”
TNW also reports that Wilson presented an integrated concept of regulation and development, arguing that “to make a blockchain legally compliant, it should be built with the law in mind, and not the other way around.”
Speaking about using blockchain at Barclays, he noted that for a bank with over 300 years of activity, changing its business model to a blockchain-based one would not be simple, and that a blockchain solution would need to be “bespoke.”
As Cointelegraph reported in August, Barclays sponsored a blockchain hackathon to explore the technology’s potential in the processing of derivatives contracts.
While this summer Barclays denied plans to open a cryptocurrency trading desk, the banking giant demonstrated interest in crypto and blockchain tech recently, filing two digital currency and blockchain patents with the United States patent office in July.
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Dec-16-2018 10:57:14 AM
Bitcoin Faces Second Largest Difficulty Drop in History After Latest Adjustment
Bitcoin’s (BTC) mining difficulty saw its second largest drop in history, with a -15 percent adjustment on Monday, Dec. 3, as per data provided by major Chinese mining pool BTC.com.
Bitcoin’s hashing difficulty algorithm is normally adjusted every two weeks to maintain the normal 10-minute block time. It has been adjusted for the second time today since the beginning of a so-called “crypto winter” in mid-November, after which the difficulty in mining Bitcoin has been steadily dropping.
The largest drop in Bitcoin’s difficulty history happened on Oct. 31, 2011, with an adjustment of -18 percent, while another decrease (-13 percent) in mid-October 2011 is the third largest such decrease.
A recent adjustment of Bitcoin’s hashing difficulty was preceded by a massive market drop, with Bitcoin losing more than a third of its price since Nov. 14, according to CoinMarketCap. Financial experts have attributed the market collapse to regulatory pressure, the hash rate war after controversial Bitcoin Cash hard fork, and the “terrible” condition of global markets.
The decrease in difficulty, along with market panic and coin devaluations are forcing the miners to quit. In September, CEO of China-based crypto mining pool F2Pool Shixing Mao revealed data on mining profitability.
According to Mao, the break-even point for Bitcoin was between $3,891 and $11,581, depending on the make and model of equipment being used. At the time of the forecast, Bitcoin was trading around $6,400.
In late November, a week after the massive drop when Bitcoin hovered around $4,300, Chinese miners reportedly started to sell mining machines by weight, as opposed to price per unit. According to an F2Pool post, miners are especially eager to sell the older models, including the Antminer S7, Antminer T9, and Avalon A741, as they have reached their “shutdown price.”
After a mild recovery over the weekend, where Bitcoin managed to stay slightly above $4,000, the world’s top cryptocurrency has collapsed again today, Dec. 3. At press time, Bitcoin is trading at $3,887.09, down 7.22 percent over the 24-hour period.
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Dec-9-2018 03:33:28 PM
Network of Self-Service Kiosks Will Allow Public to Pay Bills and Make Purchases in Crypto
A blockchain-based company has unveiled plans to roll out a global network of self-service kiosks — enabling millions of unbanked people around the world to pay bills, make purchases and access other financial services.
KIBIS says a plethora of services are available through its kiosks. Consumers can pay for gas, water and electricity, book airline tickets and check flight details, subscribe to TV subscription services such as Amazon Prime and Netflix, and buy prepaid vouchers for themselves or loved ones. The payment method accepted by the self-service kiosks will be cash and cryptocurrencies in permitted countries. Other payment options will become available in due course.
The platform has partnered with hundreds of mobile carriers, enabling the public to top up their smartphones on demand, and it will also be possible for them to donate to the charitable causes they are passionate about directly from a kiosk. In a bid to help fuel the mainstream adoption of cryptocurrencies, consumers would also be able to invest in gift cards for crypto exchanges.
A high-throughput blockchain network will be used to process transactions, with an e-wallet payment network set to follow in the future. To ensure KIBIS is able to run at a reasonable scale, a side chain that connects to the Ethereum mainnet is going to be created.
Revenue streams
As well as the income derived from transaction fees, KIBIS says that its kiosks provide two additional revenue streams. An advertising display can be found at the top of each kiosk — and given the footfall that these machines are likely to enjoy around the world, the company is confident that this could create high demand from nearby businesses.
“High efficiency” mining equipment is also going to be embedded within each KIBIS kiosk, with each machine enjoying access to a low-cost source of electricity. Over time, the firm says this will create a large mining pool in countries dotted around the world. A “multi-algorithm mining platform” is going to be used to ensure energy is devoted to mining the most profitable coins at any given period — a move which KIBIS says will “maximize return on investment.”
Self-service kiosks can already be found dotted around the world, including in the United Arab Emirates, Ukraine, Russia, the United Kingdom, Azerbaijan and other countries throughout Eastern Europe. These machines will also benefit from the new KIBIS Mining equipment. The company envisages that every kiosk deployed in the coming years — which could be up to 18,000 — will also be fitted with this infrastructure.
Key kiosk developments
The public presale for KIBIS is beginning on Dec. 10, 2018, and this will be followed by a full Initial Coin Offering.
Looking ahead to 2019, KIBIS plans to begin ordering the manufacture of kiosks with built-in mining equipment that will be destined for the United Arab Emirates, as well as signing agreements with the locations where the kiosks will be based. A mining pool is also going to be launched, and development work is due to commence on the firm’s blockchain-based payment processing platform.
Toward the end of next year, KIBIS hopes to begin deploying kiosks in Oman — and start development of the e-wallets its consumers will use, which will boast more than 2,000 services. Bahrain, Saudi Arabia and Kuwait are set to follow thereafter.
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Dec-4-2018 10:31:39 AM
Abu Dhabi Bank Reports ‘First’ Blockchain-based Transaction of ‘Sharia-Compliant Bonds’
Al Hilal Bank, based in Abu Dhabi, the United Arab Emirates (UAE), has announced it has completed “the world’s first sukuk transaction” with the use of blockchain technology, Reuters reports Nov. 26.
Sukuk, a legal instrument also known as “sharia compliant” bonds, allows investors to generate returns without infringing on Islamic law.
Reuters notes that Abu Dhabi’s Al Hilal Bank has used the distributed ledger technology (DLT) to “to sell and settle in the secondary market a small portion of its $500 million five-year sukuk,” adding:
“Al Hilal Bank is aiming to transform the sukuk market through embracing blockchain and integrating it into their infrastructure, paving the way for innovative digitized Islamic sukuk.”
According to a spokeswoman for the bank, the deal was worth $1 million, sold by Al Hilal to a private investor. Reuters adds that Swiss-based fintech company Jibrel Network, which has offices in Dubai, participated in the transaction.
Earlier this month, a Swiss startup, dubbed X8 AG, had received an Islamic financial certification from the Shariyah Review Bureau (SRB) for the company’s Ethereum-based stablecoin, as Cointelegraph reported Nov. 12
Back this summer, the Shariyah Review Bureau had released guidance for Stellar, an open-source platform for distributed payments, to deploy their technology in Islamic financial institutions. Stellar has claimed to be the first distributed ledger protocol to obtain sharia compliance certification, Cointelegraph wrote July 18.
Previously this spring, an Indonesian fintech startup published a report titled, “Is Bitcoin Halal or Haram: A Sharia Analysis,” concluding that Bitcoin (BTC) is “generally permissible” under sharia law, Cointelegraph reported Apr. 12.
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Nov-26-2018 12:55:16 PM
Korea's Largest Power Provider to Use Blockchain for Eco-Friendly Micro Grid
Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG), according to an official press release Nov. 19.
KEPCO is a $15.9 billion market cap corporation in which the South Korean government and state-controlled bank hold a majority stake; it has a “virtual monopoly” over power generation and distribution in the country, according to Asia-focused publication Nikkei.
KEPCO’s new “Open MG” will reportedly harness blockchain and other technologies to improve energy infrastructure, particularly for the local hydrogen economy. To this end, it will focus on decentralization, decarbonization and digitalization, described in the press release as being the three key “trends” driving the future of the energy industry.
As the press release outlines, earlier MGs faced hurdles in providing stable power as they comprised mostly small PVs (PhotoVoltaics, used to generate solar energy), wind turbines (WTs), and energy storage systems (ESS).
KEPCO’s Open MG will draw on an “additional fuel cell” as a power source in order to increase energy self-reliance and efficiency, and without the emission of greenhouse gases, a company official has explained. Using international standard technology, the MG is expected to be more interoperable, thereby preventing “system bottleneck” and fragmentation in the industry.
As per the press release, KEPCO intends to develop the Open MG at full-scale and create the “first” mega-wattage (MW)-scale micro grid in Korea.
As reported last month, KEPCO has partnered with Japan’s Mitsubishi UFJ Bank, IT service management company Nihon Unisys, and the University of Tokyo on a joint research project into the possible use of blockchain for distributed electricity supply.
In early November, the South Korean government pledged to triple its budget (to $35 million) for developing the domestic blockchain and distributed ledger technology (DLT) industry in 2019.
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Nov-19-2018 04:24:39 PM
Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead
The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15.
At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have been already mined, wherein Bitcoin ABC is 12 blocks ahead.
The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals.
The news about the protocol upgrade has divided the BCH community in two camps as there are two dominating proposals for the implementation of the BCH network in the form of Bitcoin ABC and Bitcoin SV (Satoshi’s Vision).
Bitcoin ABC stands for “Adjustable Blocksize Cap”, and its proponents argue that the basic structure of BCH is “sound,” and “does not need any radical change”. Proposed changes include “removing software bottlenecks” and enabling node operators to change their block size limit.
Bitcoin ABC is supported by crypto evangelist Roger Ver, while Bitcoin SV supporters are led by Craig Wright, who has previously declared himself to be the mysterious Bitcoin inventor Satoshi Nakamoto. The SV camp promotes radically changing the current BCH structure, where its split is designed to entirely overwrite the network scripts of Bitcoin ABC and increase the BCH block size from 32MB to a maximum of 128MB.
The issue of a BCH upgrade caused a heated dispute in the community; Wright engaged in verbal battles with Bitmain’s co-founder Jihan Wu, who accused Wright of being a Blockstream spy. Wright’s messages to ABC, Roger Ver, and Bitmain have turned into bankruptcy threats and accusations of being engaged in Silicon Road machinations and child pornography.
A continued feud between the crypto communities would have a significant impact on the crypto market in general, while a split caused by a hard fork will affect the entire network.
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Nov-16-2018 04:08:42 PM
Ethereum’s Joe Lubin: Blockchain Will Help to Create More Wealth
Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset,” in a New York Times (NYT) interview published Nov. 12.
Lubin made his remarks at the NYT’s International Luxury Conference at the Intercontinental Hotel in Hong Kong, which runs Nov. 12-13 and brings together speakers that include the CEO of fashion brand Balenciaga, the president of Alibaba Group, and the CEO of luxury coat producer Moncler.
During the conference, Lubin spoke about how the advancements heralded by blockchain tech could potentially give control back to society, allowing for more individual “agency”:
“We are going to to be more in control of our identity and our agency on these different decentralized networks and I think that’s going to create more wealth [...] more interest in expressing ourselves, and I think there will be more appetite for luxury than less.”
Lubin’s comments last week on the present development of blockchain ecosystems — which he compared to the growth of the Internet — cast some light on his perspective that the technology’s disintermediation and decentralization can help to spur innovation across all levels of society and the economy by “enabl[ing] a self-determined, sovereign identity.”
This summer, Lubin outlined the processes of wealth generation in the new tokenized economy, noting that he has noticed a “qualitative shift in the nature of money” that has moved society towards a world of “global villages.”
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Nov-12-2018 05:00:52 PM
Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency
A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8.
VersaVault, which announced its so-called “digital safety deposit box” in February, is aiming to attract crypto exchanges and funds as clients for the new tool.
The product provides cryptocurrency storage on servers dotted throughout the world, the deposit box element lying in the fact the bank itself can neither brute force the digital ‘boxes’ nor know their contents.
“While many are considering ideas and plans for a digital safety deposit box, we have designed and built it, and are now commercializing a first of its kind service,” David Taylor, president and CEO of VersaBank and VersaVault commented in the press release, adding:
“...The VersaVault will now begin rolling out services to cryptocurrency exchanges and crypto investment funds.”
The move takes the relatively unknown VersaBank along the same trajectory as several players in Europe.
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Nov-9-2018 07:48:18 PM
Mining Giant Bitfury Raises $80 Million in Closed Funding Round as Mining Market ‘Matures’
Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6.
The round, which comes weeks after rumors Bitfury was considering an IPO, was led by European venture capital fund Korelya Capital.
Other participants included South Korean internet giant Naver Group, Asian institutions Macquarie Capital and Dentsu Japan, as well as Michael Novogratz’s Galaxy Digital.
“This private placement will take our corporate governance to the next level, broaden our financial strategic options, and ideally position us for our next phase of growth as the market matures,” executive vice chairman George Kikvadze commented.
Despite the challenging market in 2018 taking its toll on mining manufacturers, Bitfury joinsindustry stalwart Bitmain in mulling an IPO, a trend which is also expanding to other business sectors within cryptocurrency.
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Nov-6-2018 01:53:54 PM
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