Crypto EcoBlog
One of the most famous providers of kiosks and ATMs for cryptocurrencies, Coinnme, managed to raise $1.5 million in a Series A-1 financing round that incorporates Ripple’s branch Xpring and Blockchain Finance Fund. Earnings from the funding will be deployed for auxiliary licensing in order to develop its U.S. and international coverage.Co-founder and CEO Neil Bergquist commented that Coinme is the company that is licensed to operate Bitcoin ATMs in 29 states and shall register for the forward...
Read More »Warner Music and Dapper Labs Partner to Create “Flow” Blockchain
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...
Read More »Fraudulent QR Code System Seeks to Steal Your Bitcoins
Sorry people, but it seems like fraud is still running rampant throughout the cryptocurrency space. Earlier this morning, we reported on a new way to turn bitcoin into cash via the dark web, and now, we’re here to discuss a new QR code system that sends people to scam sites.A QR Code System That’s Turned Rogue?For as long as bitcoin and cryptocurrency have existed, there have been malicious actors out there seeking to take what isn’t theirs. Unfortunately, the security of the crypto world has...
Read More »Dinwiddie Leads Crypto Charge, Tokenizes His NBA Contract
Brooklyn Nets point guard Spencer Dinwiddie just announced his plans to tokenize his latest NBA contract to broaden his investment options now. | Credit: Wendell Cruz-USA TODAY Sports Brooklyn Nets point guard Spencer Dinwiddie is playing a different kind of game. Last year, in a story about his love for bitcoin, Dinwiddie told Bleacher Report, “I got a lot of...
Read More »A New Way of Trading BTC for Cash Has Emerged on the Dark Web
A new method of exchanging bitcoin for cash has emerged on the dark web. Several English and Russian dark markets are claiming that users can pay as little as $800 in BTC funds and receive $10,000 USD. Exchanging BTC for Cash Illegally on the Dark WebThe data comes from a new report issued by security-as-a-service provider Armor and its threat resistance unit (TRU). The company analyzes present dark market trends and compiles them all into an annual document explaining which trends are most...
Read More »SmileDirectClub Shares Go Down 28% below Their IPO Price
Online dentistry company SmileDirectClub shares fell by huge 28% yesterday and it was pretty much the worst market debut for one unicorn start-up so far this year.The company’s shares closed at $16.67 after they have opened at $20.55. SmileDirectClub classifies as the fifth-worst debut of the 109 companies that went public this year. Just for comparison, shares of Uber, another unicorn or start-up valued at $1 billion or more went down by 7.6% on that stock’s first day on the public...
Read More »There Are Many Requests from Interested Members, said Libra Association Director
Facebook’s Libra, even with all the regulatory hurdles it currently faces, is still going strong and forging ahead with its plans to launch the digital currency next year. A while back, Libra Exec David Marcus, after enduring several hours of questioning from the United States Congress, promised that the Libra will not be launched until all regulatory concerns have been met and satisfied. The head of the Libra Association, the outfit in charge of the Libra project, has iterated this, given a...
Read More »Dash Launching on Coinbase Pro Cryptocurrency Exchange
Photo; ShutterstockCryptocurrency exchange Coinbase Pro has announced that it will be adding DASH to the platform starting the next week.In its announcement, the company wrote:“On Monday September 16, 2019, we will begin accepting inbound transfers of DASH to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading. Trading will begin on or after 9AM Pacific Standard Time on Tuesday, September 17, if liquidity conditions are met.”Once that adequate supply of...
Read More »CME Group Seeks CFTC Permission to Double Its Bitcoin Futures Trading Cap
Photo: ShutterstockThe Chicago Mercantile Group (CME) has seen a massive surge in the trading volumes for its Bitcoin futures contracts, over the last few months. Taking a step ahead, the CME group has requested the U.S. Commodity Futures Trading Commission (CFTC) to allow it to double the trading limits from 5000 BTC to 10,000 BTC tokens.Currently, CFTC has kept an upper limit of 1000 Bitcoin Futures contracts per individual trader using the CME platform. In a letter to CFTC, the CME Group...
Read More »BnkToTheFuture Invents the Future by Going into Security Token Offerings
If you are heavily into cryptocurrencies, you’d know of BnkToTheFuture, an investment platform that matches investors with investments. Based entirely online, they use their online investment platform to assist those high net worth investors who have limited knowledge about cryptocurrencies to invest in profitable ventures.They recently decided to allow for Security Token Offerings which are becoming increasingly popular with cryptocurrency investors. The firm is expected to invest a...
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