Crypto Biz: Consolidation ramps up among crypto firms
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.
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Report: Ethereum, Tron and EOS Dominated DApp Ecosystem in 2019
DappReview published its 2019 insights on the decentralized app (DApp) space in a Jan. 8 report. Just three blockchains accounted for 98.65 percent of total transaction volume, though EOS began to struggle in Q4 2019.Decentralized app aggregator DappReview summarized the main events within the DApp ecosystem in 2019. The value of on-chain transactions amounted to…
Alrosa, Tencent, Everledger Bring Diamonds on the Blockchain to WeChat
The world’s largest diamond mining firm, Russia’s Alrosa, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project.Together with blockchain platform Everledger, Tencent and Alrosa will launch a new diamond-focused retail mini-program targeted at WeChat’s one billion active users, according to a Dec. 16 press release.In a…
American regulators to investigate Genesis and other crypto firms
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. 614 Total views 3 Total shares Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, Alabama Securities…
Firm Accused of Touting ‘Snake Oil Crypto’ Sues Conference Organizers
A cryptocurrency firm heckled at the Black Hat hackers’ conference is suing the event organizers for failing to protect it from the audience’s barbs.Crown Sterling — which some attendees have characterized as “a piece of snake-oil cyber marketing” — filed its complaint with the United States District Court for the Southern District of New York…
Coinbase IPO a ‘watershed moment’ for crypto regulation: Caitlin Long
The CEO of pioneering digital bank Avanti Bank & Trust, Caitlin Long, has predicted the upcoming Coinbase IPO will force regulators to provide clarity to the crypto sector. Caitlin Long, founder of Wyoming-based digital asset bank, Avanti Bank & Trust, has predicted Coinbase’s upcoming IPO will be a “watershed moment” for cryptocurrency regulation.Speaking alongside SEC…
OnChain Capital’s Coronavirus Relief Fund ‘Overwhelmed’ by Applicants
Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications.Cointelegraph spoke to Ran Neuner, host of CNBC Africa’s Crypto Trader and co-founder of both OnChain Capital and Runway Fund, to find out more about…
Mnuchin Crypto Speech Was Total Validation of Bitcoin: Barry Silbert
Bitcoin (BTC) proponents were reacting to fresh criticism of cryptocurrency from the United States government July 16, following a press conference with Treasury Secretary, Steven Mnuchin.Mnuchin, who held the 30-minute event on Monday, said he wished to focus explicitly on Bitcoin and Facebook’s Libra digital currency protocol.He referred to both as “cryptocurrencies,” despite analysis confirming…
RBI lists risks of stablecoin for developing economies, calls for global regulation
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto. Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats…