Financial Industry News
The Argentinian government has been hit with a Bitcoin ransomware attack. According to the latest information, the hacker demanded 50 BTC to withdraw the attack. For all the positive changes that cryptocurrencies have brought in the last few years, there are still those who would use them to harm others. A perfect example of this […]
Continue ReadingIts value will rely solely on the “basket of national currencies” whose collective worth backs up SGA’s list price. Meant to mimic the International Monetary Fund’s Special Drawing Rights, a currency-like reserve asset pegged to the dollar, euro, renminbi, pound sterling and yen, this “basket” will ensure SGA’s stable price.
Continue ReadingThe Matic Network (MATIC) token went through a crisis, erasing more than 50% of its price in the past day, to drop to $0.02. The price crash, however, follows a period of wild appreciation on a parabolic trend, as MATIC more than tripled its price and moved to a record above $0.04. Fears of Team […]
Continue ReadingEthereum (ETH) based cryptocurrency payment network Matic has described as “baseless” claims it manipulated the price of its token after it crashed 60% in minutes. In a blog post on Dec. 10, executives addressed community participants who saw the value of the project’s in-house MATIC token lose most of its value hours before. Matic denies […]
Continue ReadingLightning Capital is a small hedge fund, with roughly $500,000 of assets, but Hwang’s prediction adds to a growing number of estimates from investors and analysts trying to gauge the potential impact of the halving – where the number of bitcoin mining rewards created every 10 minutes is sliced in half. The cut happens every […]
Continue ReadingMulti-currency and spot/futures exchange BTSE plans to host the first-ever native exchange token sale based on a Bitcoin (BTC) sidechain. The exchange seeks to raise $50 million, Finance Magnates reports on Dec. 10, with minimum investments set at $150,000. BTSE’s choice to host its offering on a Bitcoin sidechain sets it apart from other exchange […]
Continue ReadingThe Utopia is an exclusive software that was developed by a team of network technology enthusiasts with the ideology that the value of freedom of speech must not be underestimated, but, by all means, it must be implemented in the online world, too. Albeit, the concept of “freedom” isn’t confined in terms of expressing without […]
Continue ReadingSwiss cryptocurrency financial firm Amun AG has gained permission to offer its products to retail clients in the European Union. In a press release issued on Dec. 10, Amun confirmed it had received approval for a base prospectus it filed with Sweden’s finance regulator, the Swedish Financial Supervisory Authority (SFSA). Amun praises supportive Swedish regulations […]
Continue ReadingTravis Kalanick has now disposed of more than 42 million Uber shares held directly. The ride-hailing pioneer’s newest venture is in the food delivery sector. CEO Dara Khosrowshahi has meanwhile been adding to his stake. Since the 180-day lockup period expired, Uber co-founder and former CEO Travis Kalanick has sold the entire stake in the […]
Continue ReadingIn an effort to further establish itself as an emerging fintech and crypto hub Lithuania will be issuing the world’s first collectible crypto coins. The commemorative issue coin is dedicated to the 1918 Act of Independence and will feature its 20 signatories. Crypto-Friendly Lithuania The Bank of Lithuania is expected to issue these world-first digital […]
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