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The founders of a $1.45 billion investment firm and a blockchain fund are joining forces to issue a cryptocurrency backed by the value of the yen currency. According to South China Morning Post,Grandshores Technology Group, a blockchain investment firm based in Hong Kong, is raising HK$100 million (US$12.7 million) to launch the...
About Nexo NEXO is a blockchain- based lending platform which lets users make loans using crypto assets. The platform uses digital assets as collateral, thus enabling cryptocurrency owners to have access to fiat funds without requiring them to liquidate their crypto assets. To obtain the fiat funds owners are required to lock...
During the past few sessions, there was a rise in the bearish pressure on bitcoin after it failed to settle above USD 6,550. BTC/USD started a downside move and broke the USD 6,420 and USD 6,350 support levels. It is currently trading near the USD 6,250 support with a...
Although cryptocurrency mining contributes significantly to the greenhouse effect, the crypto mining industry may be the answer to further investment and growth for the clean energy sector. According to the World Economic Forum’s (WEF) report published on September 16, 2018, while many cryptocurrency miners use non-renewable sources, the cryptocurrency mining industry...
With the recent swings in the prices of numerous cryptocurrencies, many governments around the world have begun to take an even closer look at the world of cryptocurrencies. The UK has usually been amongst the precurses when it comes to passing laws to meet the world’s latest issues! This...
Winklevoss twins operated Gemini exchange caught everyone by surprise last week when it announced the launch of its stablecoin — Gemini Dollar (GUSD). The coin was developed on the Ethereum blockchain using the ERC20 protocol. The exchange claims that every GUSD coin is pegged to the US dollar 1:1 and that the company...
Some of the largest groups in the blockchain space have organized a lobby group in Washington, D.C. This group, named the Blockchain Association, is a registered non-profit and seeks to be a unified voice for blockchain interests. Members of the organization include Coinbase and Circle, as well as a number of private investment...
As known, Netherlands-based banking giant ING published a customer report recently where it was declared that Turkey is the leading cryptocurrencies owner among all European countries. The fact that the people in Turkey are heading to more technological innovations and current economic circumstances serve as an increasing factor for...
The two leading cryptocurrency exchanges in South Korea recently declared that they will not permit unverified users to use the withdrawal services in Korean Won. From next month onwards, the users holding Bithumb and Coinone accounts should own authorized real-name accounts to deposit/withdraw fiat currency. The account needs to be verified...
Take Control of Your Trading Ethfinex aims to provide users with decentralized trading and reduce the dependency on centralized systems. The platform was launched in hopes to avoid the mistakes of other crypto exchanges. Hence Ethfinex promises to not collect any personal information. Moreover, there is no signup required to trade on...