Latest Articles
Venezuela’s Central Bank Launches App to Help Convert Old Bolivar into Petro-Pegged One
By Darya Rudz
• 2 mins read
The new app launched by Venezuela’s central bank will convert the old fiat currency Bolivar to new Petro pegged Bolivar Soberano by takes five zeros away from the Bolivar.
Crowdfunding Giant Indiegogo is Launching the Sale of Real Estate-Backed Security Tokens
By Darya Rudz
• 3 mins read
The international crowdfunding firm Indiegogo is starting a token sale on behalf of a luxury ski resort in Aspen. The company is aiming to raise $12 million of investment.
Digital Money Platform Wirex Received UK FCA E-Money Licence
By Darya Rudz
• 3 mins read
On August 21st, digital money platform was granted a UK Financial Conduct Authority e-money licence, which means that Wirex is trustworthy and committed to maintaining high compliance standards in its business operations.
Revolut Taps Into VIP Segment Introducing Metal Card with Cashback in Cryptocurrency
By Darya Rudz
• 3 mins read
UK-based prepaid debit card service Revolut has introduced Revolut Metal — debit card that allows customers to withdraw up to 1% cashback in either fiat or cryptocurrency on transactions outside Europe, or 0.1% of any transaction within Europe.
Investors Deny Participation in Bitmain’s Funding, ‘World’s Largest IPO’ on the Edge of Failure
By Darya Rudz
• 3 mins read
Few days after SoftBank and Tencent disputed their involvement in a widely reported pre-IPO investment round of Bitmain, DST Global denied investment in the giant’s IPO as well.
Nvidia Says ‘Goodbye’ to Crypto Business, but Stays in the Game
By Darya Rudz
• 3 mins read
Crypto business of the world’s largest graphic card and chip maker Nvidia is dead. As the demand for GPU mining has declined, the company will now focus more on computer gaming, artificial intelligence, and data processing sectors.
Coinbase Strengthens Focus Toward Institutional Investors Presenting its ‘Institutional Core Principles’
By Darya Rudz
• 3 mins read
The biggest cryptocurrency exchange in the U.S. Coinbase has set up a list of principles for its institutional financial products.
No Way Out: US SEC to Decide on ProShares Bitcoin ETFs on Thursday
By Darya Rudz
• 3 mins read
The U.S. SEC is set to approve or deny the two ProShares Bitcoin ETFs filed in 2017 on 23 August. If approved, the ETF’s performance would be tracked on popular exchanges like the Cboe and CME.
Blockchain Company Seven Stars Cloud Pours $24B into Electric Bus Upgrades in China
By Darya Rudz
• 4 mins read
Seven Stars Cloud Group Inc. and the National Transportation Capacity Co Ltd have signed a $24 billion deal in order to fund large-scale electric bus upgrades for China’s biggest full-service operator.
Chinese Police Seizes Cyber Criminals Charged of Biggest-ever Crypto Theft
By Darya Rudz
• 2 mins read
Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The estimated damage made up $87 million USD.