Investors in the Telegram Open Network (TON) ICO campaign get rid of project tokens by selling them on the secondary market. According to CoinDesk, there are several over-the-counter platforms, cryptocurrency exchanges, and at least one investment fund among the sellers. The price for one Gram token in the secondary market ranges between $ 1.60 and $ 2. The benefit for sellers is obvious, given that during the first […]
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Research company Graychain found that in the cryptocurrency lending sector, loans totaling $ 4.7 billion were issued for 18 months. At the same time, the average interest rate remains quite low – at 1.83%. Thus, the annual income of lenders amounted to about $ 86 million. TheCryptoCreditReport-q2-2019 by ForkLog on Scribd During the study period, about 244 […]
A federal court in the Southern District of Florida rejected the petition of the self-proclaimed bitcoin creator Craig Wright to terminate the proceedings against him regarding the appropriation of 1.1 million BTC allegedly belonging to his former business partner Dave Kleiman. Judge in Kleiman case denies Craig Wright's latest motion to get the case thrown out, emphasizing that Wright is not credible.https: //t.co/5RH7dpLv0N pic.twitter.com/GpPpIhNENk – WizSec […]
The custodial division of the largest US cryptocurrency company Coinbase has confirmed the purchase of the Xapo service. The deal is valued at $ 55 million. 1 / Today, Coinbase Custody has completed an acquisition of Xapo's institutional businesses. With over $ 7 billion in assets, we're now the most popular place for institutions to store cryptocurrency. Read more here https://t.co/bL3oj1Pyfl – Coinbase Custody (@CoinbaseCustody) August 16, […]
Tom Lee, co-founder of Fundstrat Global Advisors, is confident that by the end of this year, the price of bitcoin will increase significantly. However, he does not even rule out updating the historical maximum. “I think that someone who holds 1-2% of their capital in bitcoin to hedge multiple risks makes a smart bet,” he said in an interview with Fox Business. Lee pointed to impressive growth […]
A selection of projects in the field of “end-to-end” digital technologies that intend to receive state support in the Russian Federation will be handled by a special interagency commission. This was reported by TASS with reference to a statement by the ANO "Digital Economy", designed to ensure interaction between business, experts and authorities in the implementation of the state program for the development of the digital economy of Russia. In addition to the organization’s representatives, the commission should include representatives of departments, […]
The Financial Anti-Money Laundering Measures Development Group (FATF) has denied rumors about the creation of a certain system for collecting and exchanging personal data of individuals engaged in cryptocurrency transactions. This was the organization’s senior analyst Tom Neilan in a conversation with Finance Magnates. Previously, this information was disseminated by several media with reference to the Nikkei Asian Review, however, according to Neilan, […]
In a conversation with Yahoo Finance CEO Ripple, Brad Garlinghouse said his company plans to enter into many investment contracts and acquisitions of third parties after investing in MoneyGram money transfer system. “Our position is very strong, the business is growing rapidly, we have a good balance and I intend to take advantage of these advantages,” said the head of Ripple. According to his […]
Chris Reinertsen, marketing director for Rhythm Technologies, has joined experts who consider bitcoin to be one of the safeguards against risks associated with growing global uncertainty in traditional financial markets. The fact that the first cryptocurrency became a refuge for investors, he said in a conversation with Forbes. So, Reinertsen noted that more and more investors began to include bitcoin in […]
South Korean authorities will tighten control over local cryptocurrency exchanges, expanding the powers of the Financial Services Commission (FSC), reports Business Korea. Thus, the FSC unit, previously engaged in the preparation of recommendations for working with exchanges for banks, will now directly control trading platforms. Also, according to officials, the country will introduce a licensing system for exchanges that meets the recommendations of the Financial Measures Development Group […]