Tag Archives: Blockchain Technology

Elementus, which seeks to locate illicit transactions involving digital currency, has garnered nearly $4 million in funds from Fidelity Investments, a company that has become rather friendly with crypto over the past year. Elementus Is Getting the Money It NeedsThe funding round was led by Morgan Creek Digital and saw several other institutions pledging their dollars and cents towards the company including Avon Ventures and Devonshire Investors. In addition, Stage 1 Ventures and Robot...

Patrick Byrne, the former chief executive of Overstock.com who sent shockwaves through the blockchain community not too long ago when he resigned from his post, has decided to sell all his company shares – worth roughly $90 million before taxes – and commit all his money to crypto and precious metals. Byrne Is Getting Ready for a Financial BreakdownByrne comments that he’s ready to go to war with the “deep state” and its “pet” the Securities and Exchange Commission (SEC).In 2014, Byrne was...

As the CEO of investing firm Blackstone, CEO Steve Schwarzman says that he’s used to a world where currencies are controlled by a central body, and thus he’s not a huge fan of how crypto is structured. Schwarzman: I Don’t Understand CryptoThis is to be expected from someone who’s been involved in traditional finance for most of his professional life. Having started the company in the mid-1980s, Blackstone has become one of the most successful trading platforms in the western hemisphere,...

Spark Swap, the new crypto startup that raised nearly $4 million in a recent seed funding round, has announced its support for USD, allowing customers to purchase bitcoin units directly through their Lightning wallets. Spark Swap: Harnessing the Power of LightningThe purpose of the funding round was to build a “non-custodial cryptocurrency exchange” atop the ever-popular Lightning Network, which seems to be growing in popularity as of late. Bitcoin is the oldest and most established...

A new blockchain phone is being released by HTC and Bitcoin.com. What’s special about it? It has a bitcoin cash (BCH) wallet built into it to potentially inspire its customers to get into cryptocurrency usage and trade options. Bitcoin Cash Is Taking OverThe fact that it has a bitcoin cash wallet and not one designed for its parent currency bitcoin makes more sense than one might think. Roger Ver, who owns Bitcoin.com, recently did a 360 when it came to cryptocurrency and, despite several...

Who would have ever guessed that music and the blockchain could go so well together? Warner Music Group, the company behind major music stars like Cardi B and Ed Sheeran, has invested more than $11 million in Dapper Labs. Warner Music and Dapper Labs: A Perfect Match?Warner Music first became interested in the company following its introduction of Crypto Kitties in 2017, a popular cryptocurrency-based game that allows players to “breed” digital cats. Warner senior vice president Jeff...

Everybody involved with cryptocurrencies would one day wake up and find out that cryptos are no longer a viable innovation. This is due to the traditional banking system catching up with its confirmation processes, which it is actually doing as we speak. This nightmarish prospect of hacking, theft, delays in transactions and worst, monetary losses will soon be eradicated if we consider the best technology for all cryptocurrencies – not just an alternative system.The Bitcoin scalability...

Off Chain Labs, a startup focused on enterprise, is launching Arbitrum, a new Ethereum scaling solution, to the public. The company is also garnering funds from Coinbase Ventures. Off Chain Labs Looks to Improve EthereumMany likely see Coinbase only as a cryptocurrency exchange, but it has grown into so much more. Coinbase Pro, for example, is a platform designed for institutional investors, while Coinbase Ventures looks to invest in new blockchain and digital currency-based startups. While...

Analysts are predicting that bitcoin could reach $20,000 by the time the holiday season rolls around. A Big Bitcoin Boom Is ComingJust think. By Christmas, everybody’s favorite cryptocurrency could be worth a whopping $20,000. This wouldn’t be the first time. The currency nearly struck this mark by the end of 2017, and what’s interesting is that by this time that year (September), bitcoin was trading for about $5,000 per unit. At press time, it’s more than double this amount. Naturally, this...