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Monthly Archives: June 2018

Facebook Lifts Its Cryptocurrency Ad Ban – Sort Of

Facebook has made changes to its policies concerning cryptocurrency. Rob Leathern, Product Management Director for the popular social media site, recently noted, “In January we announced a new policy to prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices such as binary options, initial coin offerings, and cryptocurrency.” Leathern went on ...

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This Week in Dash: June 25-30

This week in Dash has been a busy one since many members of the Dash Force News team were wrapping up content from Porcfest, of which Dash was the main sponsor this year. Dash Force News was able to get many good interviews, some of which are listed below. Read further to find out more. Integration of the Week: Swarm ...

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Electric Scooter Startup Spin Seeks $125 Million In ‘Security Token Offering’

An electric scooter startup called Spin is trying to raise close to $125 million in what’s called a security token offering (STO), which sells tokens backed by real-world financial instruments, according to Axios and confirmed by TechCrunch. The STO marks a new phase in funding following initial coin offerings, TechCrunch observed. STOs provide more security than ICOs since investors can ...

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Payments Provider Qiwi Launches Russia’s ‘First’ Crypto Investment Bank

Qiwi Blockchain Teсhnologies (QBT) has launched a crypto investment dubbed “HASH,” local news outlet Kommersant reports June 29. QBT is a subsidiary of Russia’s leading payment service provider Qiwi. HASH, built on a “classic investment banking model” according to Kommersant, will provide a platform for initial coins offerings (ICO). Yakov Barinsky, QBT’s Chief Financial Officer (CFO), explained that HASH would ...

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One of the Biggest VC Firms Says Cryptocurrency Can be Worth Trillions of Dollars

Union Square Ventures, a New York-based venture capital firm that oversees a billion dollars in capital, has revealed that it is investing in cryptocurrency and major digital assets like bitcoin as long-term investments. Winning Blockchain Will be Worth Many Trillions Founded and operated by Fred Wilson, a prominent venture capital investor known for his early investments in multi-billion dollar companies ...

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Japan’s Crypto-Friendly Regulator to Leave in Summer, What Will Change?

Nobuchika Mori, Japan’s longest-serving regulator and chief of Japan’s Financial Services Agency (FSA) who is responsible for most of the crypto regulations imposed by the Japanese government, is expected to leave this summer, according to FT. Mori’s Forward-Thinking Approach For many years, with strict capital controls and money laundering policies, Japan has always been known as a conservative region regarding ...

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Ripple Can be the Global Standard of Money

At the Japan Blockchain Conference held on June 27, the biggest cryptocurrency and blockchain conference in Japan, Yoshitaka Kitao, the chairman of SBI Holdings and CEO of SBI Group, expressed his optimism towards the long-term growth of the Ripple blockchain network. XRP as Global Standard Currency According to a local cryptocurrency analyst CryptoEri, Kitao stated that XRP, the native cryptocurrency ...

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BitMEX CEO: Bitcoin Will Move to $50,000 by the End of 2018

Bitcoin has recently hit weekly highs after a quick bounce off a $5,800 low, BitMEX’s CEO calls for further moves upwards. Bitcoin See Volume Pump, Moving $600 Upwards Within 5 Hours. On Friday night, Bitcoin saw an unexpected surge in exchange volume, quickly bouncing from the $5,800 price level. Bitcoin fell under $5,800 on Thursday, with many expecting further declines. ...

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A Big Bounce as $20 Billion Pours Back into Crypto Markets

The big pump has happened, altcoins with double digit gains include Bitcoin Cash, Neo, Ethereum Classic, and Ontology The bounce was expected however the magnitude of it is a very positive sign. Markets have been plummeting for weeks, and are still very low, however the rebound was far bigger than the previous one indicating that this could be the reversal ...

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