Crypto EcoBlog
It looks like some people (or entities) can change their minds after all. Despite a mixed relationship with cryptocurrency in the past, the People’s Bank of China (PBC) appears to finally be easing up to it. Is China Becoming “Friendlier?”As China’s central bank, the financial institution is looking to release its own digital currency in the future. This is not the same digital currency that China had initially announced weeks ago as a means of combating Libra. This would be an entirely...
Read More »How the E.U. Plans to Battle Against Libra
It appears Libra doesn’t have that many fans. The new digital currency from Facebook is stemming controversy and dislike everywhere it goes, and now the European Central Bank (ECB) is taking what it deems to be necessary action by building its own national digital coin as a means of competing with it. Libra Just Can’t Find FriendsThis isn’t the first time a country (or in this case, continent) has emerged with a new digital currency to fight Libra’s alleged attacks. The first is China, who...
Read More »Report: Token Offerings Depreciated By 81% YOY, But Here’s Why That Could Be a Good Thing
Photo: ShutterstockIt might come as a surprise to you that the Token Offering market is just a shell of its former self. Laden with all kinds of hurdles, from the regulatory front to the technological front. Only 69 token sales took place during the month of August, a staggering 81% reduction on a YOY basis, according to Blockchain and Crypto report August 2019. Photo: InWaraBut first, what actually caused the “crypto winter”?In 2017, Initial Coin Offering (ICOs) were gaining popularity as...
Read More »Square Testing a New Free Stock-Trading Service
Internet entrepreneur who is also the co-founder and CEO of Twitter, and the founder and CEO of Square, a mobile payments company Jack Dorsey decided to have his company’s Square Inc. trade Bitcoin on their popular Cash App. Soon, they could include the possibility to buy and sell stocks as well.According to the company, they are now testing out their Cash App feature which point is to license users to make their free stock trades. And while the exact date of its launch is still not have been...
Read More »Biggest BTC ATM Network Coinme Raises $1.5 Million From Ripple’s Xpring
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 »