Mt. Gox moves $2.7B in Bitcoin to new wallet address
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.
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The emergence of cryptocurrency hedge funds
I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class.One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, when…
President Maduro Orders The Bank of Venezuela to Accept Petro Crypto
Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The…
Ministers used influence to pilfer millions in alleged Ponzi Scheme
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated. A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims. "From 2017 to May 2019, Jali, Frimpong, and Johnson,…
ECB says digital euro may be needed to combat ‘artificial currencies’
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” 1497 Total views 1 Total shares The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating…
Crypto and pension funds: Like oil and water, or maybe not?
There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector have yet to be settled. But the fixed-income financial instruments that pension funds typically favor — like long-term government bonds —…
Dutch Tech Firm Develops PoC of Autonomous Smart Electricity Grid Using IOTA
Dutch technology company ElaadNL has developed a Proof of Concept (PoC) for a smart power grid for electric vehicles using internet of things (IoT)-focused IOTA Tangle technology, according to the company’s announcement on Feb. 14.Per the announcement, the PoC shows the ability of smart grids to not only consume power, but also generate it and…
Chinese court sentences gang for money laundering using digital yuan
The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
New Year 2020 Crypto Shopping Guide for Filthy Rich Hodlers
A new year heralds the opportunity for a new beginning. The start of a new life cycle. As the clock strikes midnight on Jan. 1, the year 2019 will be dealt a fatal blow by old father time, a cold-hearted act of destruction that would inspire Thanos himself. Soon, all that will remain of 2019 will…