NewsRoom Articles - Page 136 of 189

WednesdayMay 15, 2019 12:12 pm

4 Reasons Why Elon Musk Should Consider Bitcoin as Mars’ Currency

Elon Musk wants to start a colony on Mars as soon as 2024. That in itself is a technological marvel, but once the voyage is done and the infrastructure is built, the team of SpaceX pioneers will have to undergo a new challenge—building a functioning society. What that society looks like is anyone’s guess, but they’ll more than likely need to have some sort of financial system in place. Should they use a fiat currency like the US Dollar or Euro, come up with their own currency, or look towards blockchain technology for help? Here are four reasons why we…

TuesdayMay 14, 2019 10:26 am

Tokenized Mortgages on Ethereum

Initial coin offerings (ICOs) might have had its day, security token offerings (STOs) seem to have taken over. As such, it is no surprise to see Fluidity, Ethereum’s first ever tokenized security platform. The platform is built on the Ethereum platform and uses smart contracts to tokenize assets. It collaborates with dealer-brokers who are registered and regulated by the Financial Industry Regulatory Authority (FINRA). It then issues security tokens for them through its intricate yet detailed programmable compliance mechanism. The programmable compliance is a set of processes that checks whether a token or a security meets certain requirements. These requirements…

TuesdayMay 14, 2019 9:36 am

A Cryptocurrency Mystery: A Sudden Death Cost Cryptocurrency Investors $190 Million

Last December, Gerald Cotten, a Canadian entrepreneur who parlayed last year's cryptocurrency frenzy into a personal fortune as the co-founder and CEO of QuadrigaCX, was in rural India to help open an orphanage he was funding. At 9:45 p.m. on December 8, Cotten arrived at Fortis Escorts hospital in a state of septic shock, according to the hospital report. The patient had a history of Crohn's disease but at age 30, given his health, traveling in remote India may not have been prudent. But twenty- four hours and two cardiac arrests later, he was announced dead. The death of Cotten,…

MondayMay 13, 2019 2:05 pm

HODL RALLY Binds Beauty and Blockchain in Dash across Europe

This summer, HODL RALLY sets off from Pall Mall in central London on June 29. From there, up to 100 supercars will parade through Paris, Geneva, Monaco, Barcelona, Valencia and Denia, on their way to the magical Balearic island of Ibiza, stopping only for a series of entertaining and educational events that will blend beauty and business with the art of blockchain. Meant to promote the benefits of blockchain and facilitate mass adoption of the technology, HODL RALLY will also offer opportunities to learn, network and do deals. Pit stops include the EVOLV Barcelona Blockchain Summit at the W Hotel for…

MondayMay 13, 2019 1:42 pm

Figure Technologies and Provenance

Mike Cagney, a leader in SoFi, has “closed an up to $1 billion uncommitted asset-based financing facility on the Provenance.io blockchain with Jeffries and WSFS Institutional Services”. The startup uses Provenance.io to “originate, finance, and sell its HELOC loans to banks, asset managers, and credit funds” natively on the blockchain. Provenance will be instrumental by acting as a custodian and the facilitator of transactions within the system. At the current moment, Figure Lending utilizes Provenance to originate, fund, transact, and service HELOC loans to financial institutions. Figure Lending aims to utilize Provenance to move toward the important aspect of securitization…

FridayMay 10, 2019 10:41 am

2020 Elections: Donald Trump’s Views on Crypto

With the 2020 elections already stirring emotions on all sides of the dice and multiple cryptocurrencies enjoying a strong Q1 and promising start to Q2, it has been a bit of a surprise that Trump hasn’t solidified his stance on the industry. After last year’s executive order establishing a Task Force on Market Integrity and Consumer Fraud with a mandate of providing “guidance for the investigation and prosecution” for a long list of fraud types including cybercrime and “digital currency fraud,” Trump appeared to be setting the groundwork for multiple agencies to take a longer and harder look at the…

ThursdayMay 09, 2019 1:19 pm

The Wild West Crypto Show Gives Shout-Out to Crypto Community from Kentucky

It had to happen. The Wild West Crypto Show showed up in Louisville in time for the Kentucky Derby. Hosts of the show Drew Taylor and Brent Bates rode into town, and, as usual, the crypto cowboys had the latest news on developments in the space. Guests on ‘Episode 59: Hello from Kentucky’ included Andrew Prell of Run for the Unicorns, which was held to promote Kentucky’s business-friendly environment, particularly for tech startups; Rick Tumlinson, founder and partner at SpaceFund Venture Capital, which has launched the world's first space security token; and Jonathan Keim, communications director of CryptoCurrencyWire. With such…

ThursdayMay 09, 2019 12:01 pm

5 Tips for Building a Strong Crypto Portfolio

By now, cryptocurrency has become a household name. Although there are still a number of people who don’t truly understand cryptocurrency and blockchain technology, most people are familiar with names like Bitcoin and Ethereum thanks to the bull market in 2017. If you’re new to cryptocurrency and need a quick history lesson, 2017 was an incredible year for trading. Cryptocurrency soared more than 1500% in that year, and the price of bitcoin started around $900 and reached an all-time high of nearly $20,000 at the end of the year. A lot of people made a lot of money on cryptocurrency…

WednesdayMay 08, 2019 12:42 pm

Fidelity To Provide Institutional Trading Shortly

Fidelity Moves Forward With Crypto Initiative Fidelity will continue to invest in the future of digital assets with its foray into the cryptocurrency sector. Fidelity Investments has grown their blockchain and cryptocurrency division to lay down the foundation for services such as a bitcoin custody service. The financial services firm pressed forward with the latest component of its cryptocurrency services by providing trading services for its institutional investors. Fidelity and Institutional Solutions Fidelity Digital Assets, with its growing division, will provide “enterprise-grade custody and execution services for institutional investors”. The firm is laying down the blueprint for its vision of…

WednesdayMay 08, 2019 12:27 pm

Net Element Inc. (NASDAQ: NETE) Subsidiary Aptito Announces Sales and Support Partnership with HP Inc.

A strategic partnership with HP will enable Aptito to benefit from the tech giant’s massive global sales to deliver a full set of point-of-sale tools to small- and medium-sized clients The sales and support partnership will focus on a line of Android-based point-of-sale devices to enable access to affordable, cutting-edge payment technologies The innovative payment solutions market is anticipated to continue growing rapidly in 2019 and beyond, providing companies like Aptito with sustainable expansion opportunities Global technology and value-added solutions group Net Element Inc. (NASDAQ: NETE) subsidiary Aptito will be entering into a sales and support partnership with HP Inc.…