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CRYPTOCURRENCY

Crypto Asset Manager Says Bear Market Coming to an End

Crypto Asset Manager Says Bear Market 'Largely Over'

Managing director of Crypto Asset Management, Timothy Enneking, said Monday that he believed the poor trading conditions in the cryptocurrency market were largely over. He cited several reasons behind his prediction. Firstly, he theorized that many investors benefitting from the massive gains in the market last year, notably Bitcoin, chose to consolidate their profits and sold off their cryptocurrency assets. …


Japan Crypto Traders Soar Past 3 Million

Japan Crypto Traders Soar Past 3 Million

Individual cryptocurrency traders in Japan now exceed three million according to the country’s Financial Services Agency (FSA) figures just released. The figures represent domestic data recorded from 17 cryptocurrency exchanges as of 31 March this year; the first time that the FSA has made such a survey since its founding in 2000. The agency reported that the Asian economic giant has …


The Rockefellers Are the Next Big Name Investing in Crypto

The Rockefellers Are The Next Big Name Investing In Crypto

The Rockefeller family are following in the recent footsteps of George Soros and the Rothschilds, becoming the latest financial industry giant to enter the cryptocurrency market. News outlets reported today that the official venture-capital arm of the Rockefeller family’s assets known as Venrock has signed a partnership with Coinfund, financially backing the virtual tokens and blockchain innovations. Coinfund already has a …


Banker Moves from Wall Street to Advertising ICOs

Banker Moves From Wall Street To Advertising ICOs

A former employee of Credit Suisse Group AG, Brian Wirtz, has left his investment banking job on Wall Street to pursue a venture in ICO startups. As reported by Bloomberg, Wirtz exited the Swiss bank after nearly five years of employment, hoping to now promote the issuing of security tokens in particular during his new advertising pursuit. Exiting Wall Street …


Japanese Financial Watchdog Halts Two Exchanges Over KYC Failure

Japanese Financial Watchdog Halts Two Exchanges Over KYC Failure

The Japanese Financial Services Agency (FSA) has made strict orders that two of Japan’s cryptocurrency exchanges must halt trading immediately after failing know-your-customer (KYC) licensing adherents. These business suspension orders are expected to last until early June; the FSA has additionally issued Eternal Link and FSHO with penalty orders. In early March, the agency suspended 15 unlicensed crypto exchanges. The …


Are The Rothschilds Investing in Bitcoin?

Are The Rothschilds Investing in Bitcoin?

Recent developments appear to confirm that the Rothschild family have entered the cryptocurrency market, following earlier reports that they began purchasing the assets through the Bitcoin Investment Trust (GBTC) in 2017. The Rothschild family are more well known for their close relations with banks and other financial institutions, rather than advocating for a decentralized currency system. It has been reported, however, that the family …


Royal Couple Receive Their Own Crypto as Wedding Gift

Royal Couple Receive Their Own Cryptocurrency as Wedding Gift

Royal couple Prince Harry of Wales and Meghan Markle have parted with the norm of royal wedding gifts, accepting their very own Ethereum-based cryptocurrency. The Royal Coin will be listed as ROYL, with 5o million tokens available and a target set to raise 100,000 ETH, approximately USD 40 million. Part of the money raised through the token sale will go to …


27% Of Millennials Would Choose Bitcoin Over Traditional Stocks

27% of millennials would prefer bitcoin over traditional stocks.

A recent survey conducted by Blockchain Capital points towards a trend in millennials’ growing preference towards cryptocurrency investments over traditional investment forms. Specifically, the results show that 27% of millennials would prefer USD 1,000 in Bitcoin over USD 1,000 in stocks. It was not just stocks that millennials were moving away from, however; 22% would prefer the same sum of Bitcoin …


George Soros Gets Crypto Trade Approval

George Soros Gets Crypto Trade Approval

George Soros, Hungarian-American investor, business magnate, philanthropist, political activist and author, added a new feather to his cap as his company Soros Fund Management received approval to trade cryptocurrency. The company was founded in 1969 and is currently worth USD 26 billion. This marks a change of heart for the magnate who, in January of this year, labelled cryptocurrencies a bubble, …


Finney the Blockchain Blackberry

Blockchain phone

Foxconn is going to assist Sirin Labs with the development of its new Finney blockchain phone. The blockchain Blackberry Finney, the “state-of-the-art mobile device for the Blockchain era”, is rumored to ship in October for a target price of USD 1,000. Sirin has currently received 25,000 preorders, with 2018 sales expected to exceed 100,000 units, with the possibility of reaching several …


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