Crypto VC mulls whether market is 'near the bottom'

Consensys founder Joseph Lubin has informed teams in India and the Philippines that their offices will be closing down.Consensys confirmed to Cointelegraph that local offices in India and the Philippines would indeed be shut down and that 11 employees are being laid off. A spokesperson for ConsenSys said:"A total of 11 roles were eliminated in…

The Russian Federal Financial Monitoring Service has ordered an analytical tool to track crypto transactions, especially those in Bitcoin (BTC), BBC News Russia reported Wednesday, August 29. By the end of 2018, the new application will be included in a condensed monitoring system for the organization, whose main alleged aim is to confront fraud schemes…

The Blockchain Association, a collective of advocates involved with the blockchain industry, has taken over the Defend Crypto fund set up by KikAccording to an official blog post on June 28, Kik — the company behind Kik Messenger and the kin (KIN) cryptocurrency — believes that the Blockchain Association “will be in the best position…

The recent trade tensions could present an opportunity for American hardware manufacturers to help ramp up onshore Bitcoin mining, according to a US Bitcoin mining supplier. US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold

The price of Pepe has plummeted 15% after developers sent nearly 4% of the memecoin’s total supply to exchanges without warning. 865 Total views 16 Total shares The price of the frog-themed memecoin Pepe (PEPE) has plunged nearly 15% after recent changes to a multisig wallet and new token transfers ignited fears of a “rug pull”…

Bitcoin remains bullish, according to a couple traders. 2087 Total views 8 Total shares Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the…

The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform. 2862 Total views 24 Total shares Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot…

Confidence in the United States financial system seems to be eroding fast with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem.The U.S. equities markets have become vulnerable to adverse news…

Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee on Libra. Zuckerberg and members of Congress had much to disagree on. One consensus that did emerge, however, was concern regarding China’s digital currency project.…