According to the latest news reports, Binance, the globe’s second biggest cryptocurrency exchange in terms of trading volume, is investing in the world’s first decentralized bank in Malta which would have tokenized ownership.
Cryptocurrency News
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Blockchain Telecom Market to Cross $990 Million by 2023
Last updated: July 12, 2018, 4:11 am Cryptocurrency NewsAccording to the report Blockchain in Telecom Market by Provider, Application, Organization Size and Region – Global Forecast to 2023, published by ResearchandMarkets.com, Blockchain technology in the telecom market is forecast to grow from $46.6 million this year to more than $990 million by 2023.
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More Than 50% ICOs Fail in First 4 Months
Last updated: July 11, 2018, 6:05 am Cryptocurrency NewsAccording to findings from a recent study, about 56% of startups fail within four months of the launch of their Initial Coin Offerings (ICOs).
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PBOC: Yuan Accounts for Less Than 1% Of BTC Trades
Last updated: July 10, 2018, 4:15 am Cryptocurrency NewsLocal news agencies reported that The People’s Bank of China (PBOC), the Chinese central bank, released a report that stated that the Chinese Yuan accounts for less than 1% of all Bitcoin trades across the globe. This is mammoth plunge from 2017, where Chinese BTC trades accounted for more than 90% of all global transactions.
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Digital Bounty Hunting a Growing Career Option
Last updated: July 11, 2018, 4:13 am Cryptocurrency NewsCrypto Bounty Hunting is now becoming a viable career option for many techies looking at entering the cryptocurrency industry. Digital bounty hunting is a job where a person gets paid “bounties” for completing various tasks.
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Blockchain for the Internet of Things
Last updated: July 9, 2018, 8:33 am Cryptocurrency NewsOne of the most ambitious ideas in recent times is using Blockchain technology for the Internet of Things. This would then enable not just people and businesses to conduct transactions, but it would also incorporate machines into the network to create one seamless transaction mechanism.
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Bitmain’s Funding Round Raises Its Value To $12B
Last updated: July 8, 2018, 5:03 am Cryptocurrency NewsBitmain is known to be among the largest Bitcoin mining companies in the world. Given its success over the last few years, it is only expected for it to be valued at $12 billion. This is most especially after the Series B round of funding.
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Binance Expecting Up To $1 Billion in Profits
Last updated: July 7, 2018, 5:34 am Cryptocurrency NewsWhile the rest of the cryptocurrency market is going experiencing billions of dollars’ worth of losses, Binance’s Chief Executive Officer Changpeng Zhao stated that he expects the exchange’s profits to be between $500 million and $1 billion for 2018.
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South Korea Officially Recognizes Crypto Exchanges
Last updated: July 6, 2018, 5:32 am Cryptocurrency NewsThe government of South Korea is officially recognizing cryptocurrency exchanges as entities in their own right, thereby cementing their position in the country’s economy. According to local news sources, this is the first time that the South Korean government has recognized the cryptocurrency sector as a legitimate industry.
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Crypto Exchanges Being Censored in Iran
Last updated: July 5, 2018, 7:05 am Cryptocurrency NewsAccording to the latest reports, the Iranian government is censoring cryptocurrency exchanges in the country. An Iranian Bitcoin enthusiast (on condition of anonymity) told the media that every cryptocurrency exchange has been filtered since May this year by the government.