Month: August 2017

Aragon “Transparency Framework” Aims to Set Industry Standards for Crowdfunded Projects

Aragon, a platform built on Ethereum for creating and managing decentralized autonomous organizations (DAOs), has unveiled its Transparency Framework which it aims to set as an industry standard. The startup hopes other crowdfunded blockchain projects will follow through and introduce measures to provide investors with greater transparency on how exactly their money are being used. …

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In Corrupted Economies, Bitcoin is a Lifeline For Residents

While highly regarded economists, analysts and experts within the traditional finance sector, including Peter Schiff, continue to question the origin of the value of bitcoin and its applicability, bitcoin is operating as a vital lifeline and alternative financial network in underbanked and corrupted economies such as Venezuela. The concept of intrinsic value is often brought …

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Umek To Play A Livestreamed Dj Set, Celebrating Viberate’s ICO Launch

Viberate is a decentralized music talent marketplace that aims to disrupt the music industry by enabling artists to be paid for their gigs in crypto currency – either with Bitcoin, Ether or their own Vibe token. The developers just marked another deadline completed, as the platform launched venue and event profiles to accompany the already …

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Power Fans – The Blockchain Prediction Market Platform is Launching an ICO on September 5th

POWER FANS – a sports prediction blockchain platform is launching an Initial Coin Offering (ICO) on September 5on major Chinese ICO platforms: ico.info, hellobts.com and 91ICO, the project is backed by gedoumi.com – a leading Chinese boxing website with over 3 million online users. Before the ICO campaign ,POWER FANS had already received investments from INBlockchain Capital(founded by Xiao Lai Li), ETCWin …

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Estonian Government Considering Raising Bitcoin For its Sovereign Wealth Fund

The Republic of Estonia, the first country in the European Union (EU) to introduce the concept of e-residency, a government-issued digital identity which allows entrepreneurs around the world to establish businesses virtually, is considering the formation of a sovereign wealth fund raised through bitcoin. Fundamentally, bitcoin represents decentralization, freedom, and privacy, and such attributes of …

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New Blockchain Hub Opens in Israel

Singulariteam, CoinTree Capital, and BlockchainIL have teamed up to open Alignment, a blockchain hub in Israel. The hub aims to be a “one-stop shop” for blockchain early stage projects and existing companies. It will consult, develop and fund teams and ventures “from inception through initial coin offering (ICO) and beyond.” Services provided by Alignment include …

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Several US Congress Members Cooperate to Create AML Compliant “Bitcoin”

The Daily Caller, a Washington-based news publication, has revealed that three members of Congress are attempting to protect digital currencies like bitcoin from government interference. Sources from other US-based news publications, including the Hill, also stated that several members of Congress are actively investigating bitcoin, as well as the possibility of creating a digital currency …

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Can Bitcoin Become a Major Reserve Currency by 2030?

According to research released in late 2015, U.K.-based Magister Advisors, a financial institution which focuses on facilitating mergers and acquisitions in the technology sector, explained that bitcoin could become the sixth largest reserve currency by 2030. Bitcoin has experienced exponential growth since 2009 based on many indicators including user base, trading volume, price, market cap and …

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Ethereum-Based Invoice Finance Platform Hive Raises Over US$8 Million

The Hive Project, which intends to build the world’s first cryptocurrency-based invoice financing platform, has raised 2,087 BTC, or over US$8.9 million, from 2,234 investors through its initial coin offering (ICO). Invoice finance is a funding solution that releases the cash “locked up” in unpaid invoices to improve cash flow and increase the working capital …

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India Continues to Ponder Bitcoin Regulations as Cybercrime Soars

As Indian authorities consider a framework for digital currency regulations, the nation is witnessing a rise in the number of cyberattacks with extortionists demanding ransoms in bitcoin. In May, world organisations were targeted by a cyberattack known as WannaCry where hackers were demanding ransom payments in bitcoin. Of those companies faced with the virus were …

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BitTorrent Creator Bram Cohen: Bitcoin Miners are Butthurt Over SegWit

During a conversation with Muneeb Ali of Blockstack at Blockstack Summit 2017, BitTorrent inventor Bram Cohen shared some of his thoughts on the current state of the Bitcoin development process. Key viewpoints shared by Cohen included a preference for soft forks over hard forks, blaming bitcoin miners for blocking Segregated Witness (SegWit), and what he …

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Bitcoin, Ether Prices Rise Pushes Crypto Market Cap Above US$150B

The prices of bitcoin and ether rose this week, pushing the total market capitalization of the cryptocurrency space above US$150 billion, a capital injection of US$132 billion since the beginning of the year’s market cap of just US$17.89 billion. According to Sergey Nazarov, the founder and CEO of SmartContract.com, a US$150 billion market capitalization is …

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$44 Million in Ethereum Moved With $0.13 Fee, How Can Bitcoin Reach Similar Scalability?

Bitcoin fees have significantly decreased over the past few months, especially since the lock-in of the Bitcoin Core development team’s scaling solution and transaction malleability fix Segregated Witness (SegWit) and the proposal of SegWit2x. Leading bitcoin wallet platforms including Blockchain, the second largest non-custodial bitcoin wallet application behind Coinbase, currently recommends a $0.88 fee for …

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