BCause LLC, a cryptocurrency mining operation in Virginia Beach that converted to being a mining server farm supporting other mining operations, is seeking the protection of the bankruptcy court under Chapter 11. Its mining subsidiary, BCause Mining LLC, is also named in the court filings. According to legal filings of its two major creditors, BCause…
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Ambo has just announced that it has launched its cryptocurrency wallet on the Apple App Store, which acts as a fiat gateway to the Ethereum token economy. The company was founded by Jai Bhavnani, joined by CTO Richter Brzeski and CMO Jack Lipstone, and has been recently acquired by MyCrypto. None of the decentralized financial…
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Facebook was recently reported to have been thinking about its own digital coin, or the so called FaceCoin. As Leaprate reported earlier in 2019, "Facebook has 2.3 billion active clients located across the globe, eager to try the latest that technology has to offer, and cryptos and blockchain bring a lot to the table that…
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When Elon Musk praises your cryptocurrency, chances are the price of the digital coin will go up. However, something even more important happened. The founder of Dogecoin, Jackson Palmer, said he is ready to sell Dogecoin.com for the colossal sum of $4.2 billion. Elon Musk, after declaring his interest in the crypto, accepted to be…
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The EOS system got a major upgrade last week, thanks to EOSIO Labs and Block.one. On Wednesday last week, the Universal Authenticator Library, or the so called UAL, was released, an application that provides users with one, unified access to all blockchain-based apps. What this means is that users will be able to use EOS…
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VKontakte is one of the largest and most popular social media giants in Russia. Reportedly, the company is now thinking of launching its own digital coin, according to press. While there is no official statement made by the company, the news comes from a local news outlet, RNS. The creation of the digital coin will,…
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Silvergate Bank. A San Diego based bank that caters to innovative businesses in fintech and the cryptocurrency industry, is not exactly a household name that rings a bell, but in the world of digital assets, it reigns supreme. CNBC has said it is a “key to growth in the digital asset industry”, and the Wall…
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Investing in the crypto space has always been fraught with high risk, high casualty rates, but just enough of an allure that investors have been willing to throw caution to the wind in hopes that good fortune will befall their efforts. Yes, there have been digital assets that have produced “10X”, “100X”, and even “1,000X”…
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After all the hoopla following the advent of the “JPMCoin”, banking executives now believe that the time is right for partnership and cooperation with all things crypto. The apparent flip came as a surprise during a nationally televised sequence of Squawk Box on CNBC, featuring an interview with JP Morgan’s Global Head of eCommerce Solutions…
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The meltdown in crypto valuations and the pullback in investor trading volumes, euphemistically referred to as Crypto Winter, continue to wreak havoc in every sector of the crypto community. The news today is that Bithumb, the largest crypto exchange in South Korea, has announced that it will cut back its staff from 310 employees down…
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