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Summer Capital Acquires Stake in Pending ‘Cryptocurrency Investment Bank’
Hong Kong-based investment firm Summer Capital is betting that regulators will allow SEBA Crypto AG to become the world’s first crypto investment bank, according to the SCMP: Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market
Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency
Report: Coinbase is About to Become One of the Richest Startups in the U.S.
Coinbase is finalizing a deal with Tiger Global that will value the company at $8 billion and make the San Francisco-based company one of the richest startups in the world, Recode reports. Tiger Global appears ready to make a $500-million investment in Coinbase, one of the most popular cryptocurrency exchanges in the U.S., and the company "is expected to add
Cryptocurrency: Where Even Free-Marketeers Call for Regulation
There was a common thread among the testimonies at the Legislating Certainty for Cryptocurrencies Congressional roundtable last week. Before the bipartisan panel, regardless of their field—whether it be cryptocurrency exchanges, business advisory firms, law, or from an interested advocacy group—the message to the federal government: “Either you come up with some rules or we wither away.” mohamed_hassan / Pixabay The
5 Years Since the Silk Road Was Shut Down – How Has Cryptocurrency Changed?
Five years ago today (October 1st, 2013), bitcoin’s most notorious marketplace, the Silk Road, was shut down by the FBI and its founder Ross Ulbricht arrested. Operating as part of the dark web on a Tor hidden service, the Silk Road was an online platform where people bought and sold illicit goods and services using bitcoin. While millions of dollars
Baidu Opens the Kimono on It’s ‘Xuperchain’ Blockchain Project
After unveiling their “Super Chain” blockchain protocol back in June, Chinese internet giant Baidu recently released plans for a “Xuperchain” blockchain network, reports Coindesk: Chinese search giant Baidu has officially released a white paper through its new Blockchain Lab for its proposed XuperChain network. The company claims XuperChain will support more than 10,000 transactions per second through inter-chain parallel technology
New York City is Pouring Up to $100 Million into Building a Global Cyber Security Hub
The New York City Economic Development Corporation (NYCEDC) has announced a massive initiative called Cyber NYC that aims to turn the city into "a global leader of cybersecurity innovation and talent." At the center of the initiative will be the launch of a Global Cyber Center, which the NYCEDC is calling "an innovation hub for startups, initiatives to fuel commercialization
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need
Blockchain-Based Energy Trading Powers Across Asia
With swelling market interest and a growing array of ground-breaking projects, Asia is now set to match Europe and North America in the blockchain-based energy trading space, writes Solar Plaza. As well as hosting a vibrant start-up community of its own, the region is already a major focus for international energy blockchain leaders such as US-based LO3 Energy and Power
Crypto Mining Behemoth Bitmain Officially Files Highly Anticipated IPO
Bitmain, the Beijing-based cryptocurrency mining equipment behemoth, has officially filed to go public, riding a wave of mind-boggling revenue growth toward its highly anticipated IPO. The company is going public on the Hong Kong Stock Exchange (HKEX), but its prospectus is still highly redacted, which means there are still plenty of questions about its offering. As CoinDesk notes, Bitmain's IPO