Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24, 2019. Exposing Institutional Investors to Bitcoin Mining Per sources close to the matter, distributed ledger
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According to an article by Forbes published April 23, 2019, crypto lending startup BlockFi has slashed its minimum bitcoin deposit required to earn monthly interest from one BTC to 0.5 BTC. The startup has also announced that it will expand its business to India. BlockFi Slashes Required Amount of Bitcoin BlockFi, a cryptocurrency startup backed
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Japan’s Financial Services Agency (FSA) recently investigated two cryptocurrency exchanges which made significant changes in its management as reported by Reuters. The regulatory watchdog was on the lookout for the modalities put in place by these platforms to prevent money laundering and to protect customer funds. FSA Takes Exchanges to Task Over Security Concerns According
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Fortune reported on April 23, 2019, that U.S.-based cryptocurrency exchange Coinbase has shut down its Chicago office. The report adds that the exchange would also scale back on its plans to develop a new “matching engine” product to facilitate high-frequency trading for its clients. Coinbase’s and Chicago San-Francisco-based Coinbase is one of the leading cryptocurrency
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The Asia/Pacific, excluding Japan, is expected to increase their spendings on Blockchain solutions to over $2 Billion by 2022 according to an April 23, 2019 report by the International Data Corporation. An Asian Connection It is no secret that blockchain has many applications in both the business world and everyday life. This has seen it
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California-based online brokerage with zero-fees, Robinhood, announced that it has applied for a national bank charter with the Office of the Comptroller of the Currency with the aim of being able to “offer traditional banking products and services.” This according to a report by S&P Global Market Intelligence, April 19, 2019. Robinhood Wants to Become
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Coinbase, one of the largest cryptocurrency exchanges in the world by reported trading volume has shuttered its political action committee (PAC). This was revealed in the exchange’s official filing with the Federal Election Commission (FEC) on April 3, 2019. According to a filing with the FEC, the regulatory agency in the U.S. responsible for enforcing
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It seems Masayoshi Son was one of the many who were affected by the 2018 crypto price slump as it was reported on April 23, 2019, that he lost $130 million after selling off his bitcoin after the crash. Count Your Losses While the latest crypto market slump affected the entire industry, the most commonly
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Wallet users are still lagging behind in security as an April 23, 2019 report reveals that millions of dollars worth of ether has been stolen from wallets after a criminal guessed their private keys. Breaking In Private keys, by their very nature, are designed to make the process of using a crypto wallet easier for
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Three senior researchers at the MD Anderson Cancer Center in Houston, Texas, are reported to have been ousted from their positions due to allegations of what can be described as “academic espionage” in connection with China. This, according to reports from The Houston Chronicle and Science magazine on April 19, 2019. Trading Secrets Of the
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