Category: Cryptocurrency

Crypto ICOs showing a comeback, after major drop off in 2018
October 20, 2017 BY Valentina Kirilova

Metaps to launch time marketplace ‘Timebank’ token sale on COMSA

Tech Bureau, a fintech and cryptocurrency solutions company, and Metaps Inc., a fintech company and mobile marketing platform developer, announced its plan for a ‘Timebank’ token sale on COMSA. COMSA, a complete Initial Coin Offering (ICO) fundraising and cross-chaining platform built on the NEM blockchain protocol, streamlines cryptocurrency funding and cross-chain transactions. Timebank is a…

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October 19, 2017 BY Mariela Naydenova

Bitcoin price bounces back to $5,700

After the fluctuations in the price of bitcoin over the past month, the cryptocurrency took another hit yesterday, when it dropped with a 7-day low level of $5,113, according to Coindesk and Bitfinex. The "people's currency" managed to bounce back and is now trading at around $5,669 reaching up to $5,725, with an increase of…

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October 19, 2017 BY Mariela Naydenova

The Gates Foundation and Ripple to "Bank" 2 billion people

With corporations and countries coming to invest and use the latest cryptocurrencies and exploit their benefits, The Gates Foundation is one of the first non-profit organizations to use a cryptocurrency for solving an issue. The Foundation chose Ripple's Inter Ledger Protocol to bring around 2 billion unbanked people to the modern world. Almost 60% of the…

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October 18, 2017 BY Mariela Naydenova

Ethereum ETNs Attract $10MM+ AUM in first week on Nasdaq

Ether Tracker One and Ether Tracker Euro just crossed $10MM in assets under management (AUM) a week after beginning trading on Nasdaq Stockholm. “When the group’s bitcoin ETNs – which are now at $330MM in AUM - launched in 2015, it took one year to attract the initial $10MM in AUM. The Ether Trackers achieved…

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October 18, 2017 BY Valentina Kirilova

BNP Paribas and EY explore private blockchain to optimize the bank’s global internal treasury operations

BNP PARIBAS ALM Treasury and EY today announced they successfully completed a pilot demonstrating the feasibility of using blockchain to optimize the global internal treasury operations of the bank. The ALM Treasury department, which manages the bank’s internal treasury, at the service of all three operating divisions of the Group, carried out a blockchain pilot,…

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October 17, 2017 BY Mariela Naydenova

Brazil's Central Bank President denounces Bitcoin

ETH News reported that on October 16th, the President of Brazil's Central Bank, Ilan Goldfajn, berated bitcoin as a "bubble" and a "pyramid". Brazil seems to be the next country to enter the "bitcoin conspiracy" theory that the digital currency may be a fraud and illegal method of accumulating value over time. While the technology behind…

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October 17, 2017 BY Mariela Naydenova

Yale's Robert Shiller calls Bitcoin and Gold "Fads"

One of the most renowned professors of economics, Robert Shiller, has recently called bitcoin "a fad" in an interview for CNBC. The author of "Irrational Exuberance" shared his opinion that people should be wary of bitcoin's popularity. He said: "It seems there is some strange enthusiasm for it", referring to the massive growth and excitement…

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VTFinTech deploys Parity One on OpenFin’s operating system
October 17, 2017 BY Valentina Kirilova

CFTC’s LabCFTC releases Primer on Virtual Currencies

The Commodity Futures Trading Commission’s LabCFTC has today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. LabCFTC believes that promoting education, understanding, and regulatory clarity around emerging technologies can help facilitate market-enhancing innovation…

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October 17, 2017 BY Valentina Kirilova

BNP Paribas Securities Services with TCS to transform asset servicing industry using blockchain technology

BNP Paribas Securities Services announced that it teams up with Tata Consultancy Services (TCS) to deliver an innovative blockchain-based platform, called Corporate Event Connect, which will provide fast, accurate and secure corporate event announcements to clients around the world. Corporate actions processing is one of the most complex areas of asset servicing. Information on the…

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