business

Antonopoulos: Drop in Oil Prices Give US Miners a Competitive Edge

Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas. In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices will benefit crypto miners …

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3 Common Compliance and Regulatory Pitfalls to Watch for in 2020

Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a “Wild West” culture emerged when regulators, uncertain on how to tackle this thing called blockchain, paid little attention to the thefts, scams and hacks plaguing the virtual-asset …

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To Get Serious About Decentralization, We Need to Measure It

Stephanie Hurder, a CoinDesk columnist, is a founding economist at Prysm Group, an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a PhD in Business Economics from Harvard. On May 15, Decrypt reported that six weeks after being acquired by Binance, the crypto data …

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Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms

It’s probably no coincidence that three major crypto firms – Coinbase, Genesis Trading and BitGo – have almost simultaneously announced plans to become prime brokers, a kind of fixer when it comes to financing and facilitating trades for institutional investors. This type of vertical integration happens in every business, whether that’s Amazon running the internet …

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‘Passwordless Login’ Startup Magic Raises $4M From Naval Ravikant, Placeholder

The blockchain industry desperately needs password solutions that aren’t such a royal pain in the neck. That’s why the San Francisco-based startup Magic just raised a $4 million seed round from investors like Naval Ravikant, SV Angel, Placeholder, Lightspeed Venture Partners and Volt Capital, just to name a few. SV Angel in particular has a …

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Blockchain ID Solution Aims to Tackle Spike in Delivery Fraud Amid Coronavirus Measures

Nuggets, a digital identity and payments platform, has developed a way to accept deliveries without needing a physical signature to combat a spike in fraud and chargebacks during the COVID-19 pandemic. Using biometrically verified contactless delivery technology secured with blockchain technology, the London-based firm wants to equip consumers with the means to provide verified proof …

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Canadian University Adds Two Blockchain Programs to Meet Job Demands

Canada’s York University School of Continuing Studies today announced two new university-level continuing blockchain programs — the part-time Certificate in Blockchain Development and the full-time Post-Graduate Certificate in Back-End and Blockchain Development. The university said their new courses aim to meet the rising demand for blockchain developer roles in Canada, especially in the Greater Toronto …

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Twetch Gets Suspended From Twitter in Wake of Trump ‘Fact-Check’ Storm

Twetch positions itself as an alternative to the platform it was deplatformed from, actively marketing itself against the San Francisco firm run by Bitcoin enthusiast Jack Dorsey. Petty said the application maintains censorship resistance by archiving conversations on the BSV blockchain. In fact, Twetch posted a meme aimed at Dorsey for censoring conversations on the …

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Defying Corona Crash, BlockTower Crypto Fund Stretches 30% Total Return to 73%

BlockTower Capital’s hedge fund of cryptocurrencies was trudging along. Then, unexpectedly, it more than doubled its returns this year as most investors and companies languished from the coronavirus-stricken economic downturn. The fund – loaded at its August 2017 inception with $140 million in assets – has returned 33% in just the first four months of …

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Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined

Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving.  According to data published by independent crypto researcher Kevin Rooke, Grayscale has added 18,910 BTC to its Bitcoin Investment Trust since the halving, while only 12,337 Bitcoins …

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