Cryptocurrency Financial News
In PoolTogether’s Ethereum-based lottery, winners receive payment from interest earned on pools of the Dai stablecoin, while everyone else receives the price they paid for a ticket back. Backers of the Libra investment token, Facebook’s token released alongside Libra, will expect to earn a profit in a similar way.
PwC’s Halo tool can help blockchain firms, or any business dealing with cryptocurrencies, track cryptocurrency payments, ownership, and accounts, as well as bring all the information together in an easy-to-follow package.
Though the launch of Block.one’s decentralized social media platform, Voice, has yet to be announced, the company is hard at work figuring out how it can profit from the inflation of the platform’s token and use those profits to fund Voice’s development.
The index, provided by Cryptoindex, will take into account the “collective sentiments” expressed on social media platforms and within news coverage and will allow traders to view the top 100 performing cryptocurrencies.
Despite legal issues for US investors, many corporations are turning to initial exchange offerings to raise funds, and global investors are seeing plenty of returns.
To help mitigate losses in the volatile crypto market, Coinbase has suggested investors use a dollar cost averaging method, which smooths out drops and upticks in the market over time. In other words, the exchange wants people to apply a standard investing strategy to a not-so-standard asset.
In order to bring in talented crypto-analysts, investment firm BlockTower Capital is asking individuals to submit a written investment recommendation on a crypto asset or blockchain project. The top three candidates win bitcoin.
Along with officially announcing its cryptocurrency project, Facebook reportedly plans to develop ATM-like machines where users can buy the company’s crypto, as well as allow employees to take their salary in the form of the platform’s coin.
While details are sparse, Matrix, Jihan Wu’s new crypto service, will reportedly provide custody and lending services to Bitmain, quieting some rumors that Wu left Bitmain as a result of a disagreement with co-founder Micree Zhan.
Civil, a startup attempting to use blockchain tech to bring transparency between journalists and readers, will lose its account with First Republic. While it’s unclear why the bank has decided to terminate services, Civil’s COO believes it’s because the startup is a “crypto-related company.”
Despite some banks touting dedicated crypto onboarding services, European cryptocurrency firms are struggling with an unfriendly banking sector and incredibly steep account fees.
Back in March, crypto investment manager Bitwise claimed its research showed 95 percent of all reported crypto trading volume on unregulated exchanges was fake. Now, in a newly published white paper, Bitwise researchers have shown that, despite the fake trading volume, regulated bitcoin futures and improved custody services help keep the cryptocurrency’s price true.
During a Bloomberg TV interview, Nate Geraci, president of independent investment adviser ETF Store, stated the majority of millennial investors want to invest funds in a bitcoin ETF, if only the US Securities and Exchange Commission would let them.
Some investors, who staked $100,000, received a $6.6 million return, and while Block.one has promised to launch a social media platform in June, most are wondering where exactly the crypto firm made its money in the wake of crypto winter.
While the European Central Bank found that crypto assets have had a relatively small impact on the financial stability of countries that have adopted the euro, the bank says it’s open to at least explore the possibility of a digitally issued euro.
A year after Facebook banned all blockchain-related ads, the social media giant has tweaked its restrictive stance and opened the door for tech, industry, and educational advertisements.
Taking a look at the legal battle between the Winklevoss twins and Mark Zuckerberg, as well as the twins’ star turn in the crypto community.
Michael J. Casey, senior advisor for blockchain research at MIT, discusses the trouble crypto companies are still having getting banking services, the affects of the Bitfinex scandal, and what needs to be done to ease the fears of bank compliance officers.
The Microsoft Corporation announced the launch of new tools intended to allow software developers to easily integrate artificial intelligence and blockchain technology into any business model.
Facebook is reportedly looking to create a payment system that uses a stablecoin of its own design. The system will allow users to purchase goods on Facebook and other websites. The social media giant is also developing a checkout platform to be used across the web.
