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Coinbase is Now Valued at $8 Billion After Latest Fundraising Round
As expected, Coinbase has now reached an $8 billion valuation after wrapping up a $300-million Series E round, the company announced in a blog post on Tuesday. Asiff Hirji, president and COO of Coinbase, said in the blog post that the round was led by Tiger Global Management, with other funding provided by Y Combinator Continuity, Wellington Management, Andreessen Horowitz,
Mastercard Files for Blockchain Patent and Leverages Endor’s Analytics Platform
Mastercard is seeking to file for a patent that would provide them with fractional reserve management of blockchain assets, meaning that the company aims to accept deposits, offer loans, and make investments in cryptocurrencies. This is representative of a wider trend, in which large enterprises are both offering blockchain products and adopting blockchain into their business strategies. Endor, the leading
Coinbase Now Offers a Stablecoin Tied to the US Dollar
About a month after Circle launched its first stablecoin - known as the USD Coin or USDC - Coinbase announced in a blog post that it will now allow U.S. customers outside of New York to buy, sell, send and receive the USDC - making it the first stablecoin offered by the popular cryptocurrency exchange. Users will be able to
Alibaba Cloud’s Blockchain Service Goes Global
The cloud computing arm of Chinese e-commerce giant Alibaba has rolled out its Blockchain as a Service offering in Southeast Asia, the U.S., and Europe, according to Digital News Asia. Alibaba Cloud’s BaaS is based on two blockchain platforms – Hyperledger Fabric and Ant Blockchain – and is guarded by a “trusted computing and a secure consortium blockchain network” that
China Will Soon Require Blockchain Users to Register With Their Government IDs
China’s central government recently announced that it had drafted regulation which would require blockchain users to register with their government IDs, stripping blockchain users of their anonymity. Please find below some reactive commentary from industry leaders on the decision. MichaelWuensch / Pixabay Fran Strajnar, CEO and Co-founder of Brave New Coin, a leading data and research company focused on the
Value Firm’s New Crypto Hedge Fund Is Using “Proprietary Machine Learning Algorithms” to Post Returns of 340%
Towards the end of 2017 and the beginning of 2018, the world became obsessed with crypto assets. In many countries, the Bitcoin price became front-page news and investors of all experiences rushed to buy into the bubble. The price of Bitcoin and other cryptocurrencies peaked in mid-December 2017. We can now safely say that this was a bubble in crypto
Samsung Teams up With ABN AMRO and the Port of Rotterdam on Blockchain
Samsung’s IT subsidiary, Samsung SDS, has reportedly partnered with Dutch giants ABN AMRO and the Port of Rotterdam on a blockchain pilot, the Korea Joongang Daily reports. The partnership will focus on logistics, with Samsung SDS linking its Nexledger blockchain product with ABN AMRO’s financial transaction-oriented Corda platform by February. By the linking the two, they hope to verify if
Advisory Group Recommends EU Regulate Most Crypto Assets Under Existing Securities Rules
When a federal judge in New York ruled last month that the U.S. government could proceed with a fraud case in which it alleges that an initial coin offering (ICO) is a security, it potentially gave the Securities and Exchange Commission an important precedent as it tries to solve a problem that is vexing regulators across the globe: How exactly
BidiPass Aims to Bring Security to Each and Every Online Transaction
FinTech, Blockchain
It’s easy to see why some people don’t readily communicate or transact online. With billions of email accounts getting hacked and millions of people getting robbed by identity thieves, security has become a major – and continuously increasing – issue over the past few years. Old-school password protection methods are getting weaker, while Two-Factor Authentication – such as the one
The Potential Impact of the EU Blockchain Partnership
Following the recent news of the progress made by the EU Blockchain Partnership developing initiatives and programs to become a global leader in Distributed Ledger Technology. As such, a number of leading companies within the blockchain space comment on the potential impact of the EU Blockchain Partnership on the wider ecosystem. MichaelWuensch / Pixabay A number of blockchain experts some