How Cryptocurrency Is Making An Impact On Pensions – via Cryptodaily
The investment firm Cambridge Associates is a privately held investment company based in the United States. The firm provides investment portfolio management and advisory services to foundations, private clients, pensions, institutional investors and more. The US-based firm has pensions and endowments consultant with more than $385 billion in assets under advisement, has stated institutional should start getting involved in the crypto industry.
How Cryptocurrency Is Making An Impact On Pensions – via Cryptodaily
Ethereum Breaks Recent Downtrend Resistance Line as Buyers Step Up – via NEWSBTC
Ethereum’s price action has been closely tracking that of Bitcoin over the past several days, and ETH has been able to post a strong recovery from its recent drop to below $185. Analysts are now noting that Ethereum’s ability to break above the key resistance level of $200 may be emblematic of a shifting short-term trend, which may mean that it will be able to continue climbing higher in the coming days and weeks.
New York Supreme Court Denies Bitfinex’s Lack-of-Jurisdiction Claim – via Coindesk
Bitfinex and Tether must continue turning over documents about an alleged $850 million cover-up to the New York Attorney General (NYAG), a judge ruled Monday.As a result, the crypto exchange and stablecoin issuer will need to continue cooperating with courts to make public information about a loan the latter company made to Bitfinex, though the companies are expected to appeal the ruling.
Momentum Looks Positive As Bitcoin Forms a Bullish Wedge on the Daily – via beincrypto
Technical indicators seem to point towards bullish momentum for Bitcoin moving forward. It is currently forming an enticing wedge on the daily. People tend to be skeptical of technical analysis, but the wedge formation is a classic indicator that is almost always proven right. Bitcoin is in one of those bullish wedges now, and this momentum reinforces that it may break upwards once the triangle completes in the coming months.
Salesforce Alternative Cere Raises $3.5 Million From Binance Labs, Others – via Coindesk
Blockchain-based customer relations manager (CRM) Cere Network just closed a $3.5 million seed funding round. Backed by Binance Labs, Neo Global Capital, and Arrington XRP Capital, among multiple others, Cere Network opened a New York office and will announce an innovation lab in Berlin during Berlin Blockchain Week. Cere Network provides a blockchain service for integrating various customer relations platforms for businesses. Speaking with CoinDesk, Cere says its customers are looking for alternatives to Salesforce and other mainstream CRM solutions.
Israeli Regulator to Fast Track 2,000 Fintech License Applications – via Coindesk
Israel’s Fintech regulator is rearranging its licensing regime to encourage competition in the field. The Israeli Capital Market Authority is looking to change how fintech licenses are distributed in Israel according to a Monday announcement reported by Israeli daily newspaper Calcalist. Some 2,000 fintech and blockchain-businesses are currently seeking licenses from the state regulator. Due to the glut, the Authority is setting up a licensing fast track.
Crypto CEO Questions Telegram Over Lack of Development Since ICO – via NEWSBTC
Long-time Bitcoin proponent and CEO at BullBitcoin.com Francis Pouliot is concerned about the lack of progress made by the company behind the instant messaging application Telegram towards its crypto ambitions. The company sold tokens to investors last year, raising $1.7 billion in the process. Telegram had promoted the project, called the Telegram Open Network (TON) as an extension of its messaging application. It would supposedly incorporate blockchain-based file storage, web browsing, a decentralised application store, and payments between users.
No Borders: Bitcoin Helps Flood Victims In Iran, Without Regard For Politics – via Cryptobriefing
For all the theoretical debates raging across the Twittersphere, it’s hard to find concrete evidence that cryptocurrencies are helping the poor and unbanked. Meanwhile, outside the notice of crypto pundits, an independent aid campaign is making practical use of cryptocurrencies to help flood victims in Iran, right now.
Bitmex blocks services in three countries amid CFTC probe – via bitcoinist
BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision to ensure “continued compliance.” It explained that it was restricting access to its bitcoin derivatives and exchange services in regions that hosted its headquarters and staffs.
Twitter Handle ‘@Bitcoin’ Purges Most Pro-BCH Posts From Its Account – via beincrypto
As many Twitter users have been noticing, something strange is happening with the @Bitcoin handle. Suddenly, a large number of posts supporting Bitcoin Cash are gone. If you’ve been following the feud between Bitcoin and its many hard forks, you’ll know that the @Bitcoin handle was often at the heart of most of the divisiveness. Having close to 1M followers, the handle has been an outspoken supporter of Bitcoin Cash for some time. However, it seems like there has been a management shakeup as of late.
World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds – via Coindesk
The World Bank has issued a second round of its landmark blockchain bonds. The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities.
Rakuten Group Launches Spot Exchange For Bitcoin, Ethereum and Bitcoin Cash – via UsetheBitcoin
Rakuten Group and its subsidiary Rakuten Wallet, Inc., have just launched their new mobile application that offers spot trading services for digital currencies. The virtual currencies supported are Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH). This is according to a press release recently published by the company.
BitPay Says Crypto Spending on Real Estate to Double in 2019 – via Coindesk
A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions. Announced August 6, the Grove Resort & Water Park will accept bitcoin for purchases of their 878 resort-style condo residences. Yet, the relatively small update hides a larger story – BitPay is becoming somewhat of an established name in the real estate market.
Privacy Crypto Dev Attempts to Expose Self-Proclaimed Bitcoin Creator – via NEWSBTC
Anonymity and privacy are extremely important in the crypto industry. The original crypto that the entire industry is based on was created by the pseudonym Satoshi Nakamoto, and to this day no identifying details are truly known about the person who designed Bitcoin.
Another Exit Scam? This Cryptocurrency Drops by 50% as Firm Ends Blockchain Project – via Coingape
Horizon state, a blockchain voting platform ceased its operation citing insolvency issues. It’s native cryptocurrency – Decision Token (HST) plunged by 50% as the announcement was made. While not many crypto exchanges have listed the token, Bittrex and Upbit, are ones that did. The announcement was made earlier today.
Gemini Adds Cybersecurity Veteran to Executive Team – via Coindesk
The Winklevoss twins are adding some muscle to Gemini’s security team. Announced this morning, David Damato will be joining Gemini as the Chief Security Officer. Damato joins Gemini from Tanium, a top cybersecurity firm, where he held the same position for four years. Damato joins Gemini with over 20 years experience in the field.
Is there a Future for Cryptocurrency in the Gambling Space? – via beincrypto
Gambling and cryptocurrency go together like hotdogs and mustard or pizza and Italy. Their emergence is an appealing feast for both crypto fans and those operating in the gambling sector. Here we will look into why crypto has a promising future in the gambling space, also looking at why the two groups of people may be drawn to both industries – and checking out the current obstacles preventing a crypto-gambling boom. Read on!
Terrorist Group Turns To Bitcoin For Funding – via Coingape
The Western Government has recently deemed Hamas, the militant Palestinian group as a terrorist organization. While the group has now technically been ousted from tapping any resources in the traditional financial system, its military wing is developing a campaign to raise funds using Bitcoin. Hamas, which has control over the Palestinian coastal territory of Gaza, owes its survival to donations from foreign governments like Qatar.
How Cryptocurrency Trading Platforms Are Bringing in New Users – via beincrypto
As 2019 continues to roll on, some cryptocurrency trading platforms are getting creative in promoting themselves. With trading volume increasing this year, it seems like some of their efforts are working. The question that has always bothered cryptocurrency exchanges is how to attract new users. With the cryptocurrency audience reaching a critical mass in 2017, many have left. Now, the struggle is how to bring these people back — and, most importantly, how to bring new users into the industry.
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