Author: Nick Chong

Venture Captalists Pour $133 Million into Stablecoin Startup

ICOs and cryptocurrency startups have been slumping recently due to the bearish signs which were seen in the first quarter of 2018. However, Basis, a promising start-up, has broken that trend by raising over $133 Million U.S. in private funding. A cryptocurrency startup by the name of Basis (formerly named Basecoin), has just announced that they have raised over $133 Million dollars in funding from well-known venture capitalist firms. Three Princeton grads just got $133 million from Silicon Valley’s hottest investors for a cryptocurrency that could actually replace money https://t.co/bGrEmadqF3 pic.twitter.com/sCiOk3CMpU — Business Insider (@businessinsider) April 18, 2018 These...

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Cryptocurrency Startup BitDegree Pays Students To Learn

BitDegree, a Lithuanian cryptocurrency startup, hopes to help change the face of online education through their online platform and cryptocurrency. So What is BitDegree? BitDegree is an online platform, with its own native cryptocurrency, that was founded at the start of 2017. BitDegree intends to revolutionize how education functions today and allow prospective users to learn technology-based skills through online courses. BitDegree utilizes companies looking to hire employees to help fund online courses for such future employees. Let’s say that Company ABC was looking to hire blockchain developers. This company would then fund courses while partnering with BitDegree to...

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Could Bitcoin Be Prepping for Run as U.S. Tax Day Passes?

As the end of U.S. tax season approaches, Bitcoin bulls believe that the digital currency will finally begin its next run to prices over $20,000. But is it really going to run? The past few months have been rough for cryptocurrency investors, with the cryptocurrency market cap plummeting from a high of $820 billion all the way down to $250 billion. This came after the mainstream media began to pile onto cryptocurrencies in a manner that was far from positive. Despite a bearish Q1 2018, the sentiment portrayed by the public and mainstream media sources appears to be shifting....

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Kraken Exchange Decides to Close down Japanese Operations

Kraken, the US-based cryptocurrency exchange, has announced their plans of ceasing all of their trading operations in Japan in the near future.  Release the Kraken . . . From Japan! The Kraken exchange, one of the larger cryptocurrency exchanges in existence, has just announced that they will be leaving the Japanese market for the time being. In a report published by Bloomberg, Kraken stated: Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas. This is a localized suspension of service that only affects residents of Japan and does not...

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ETHLend Announces Support for Crypto-to-Fiat Lending

With the rise of cryptocurrency, many people have staked out their position to belonging to one of two camps: virtual currencies or fiat. However, a bridge between these camps is emerging as ETHLend is adding crypto-to-fiat to their loan options. On Friday, popular cryptocurrency lending platform, ETHLend, announced plans to introduce fiat financing to their lending system. This announcement came after copious amounts of requests from the ETHLend community for the addition of this branch of financing on the platform. BREAKING NEWS: ETHLend Expands to FIAT Lending: Licensing Process Has InitiatedDetails about how ETHLend will provide additional compliance to cryptolending market and broadening our lending operations to FIAT lending in the link: https://t.co/k0HzscrzVk pic.twitter.com/Miq2x8ou1k — ETHLend (@ethlend1) April 13, 2018 However, before this happens, ETHLend will have to obtain the required licenses and support from worldwide governments. The team at ETHLend has begun the process to obtain licenses from most countries in the European Economic Area (EEA). The list is pretty extensive as the platform lender states: ETHLend starts the licensing process to be able to provide services (crypto-to-crypto and FIAT-to-crypto) in the following European Economic Area (EEA) countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. Along with the countries...

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Deepak Chopra: The Right Guest for the Ethereal Conference?

The Ethereal conference, set to begin on May 11th, has fallen on some controversy involving one of its newly announced guests, Deepak Chopra.  Ethereal brings futurists, entrepreneurs, investors, media icons, government officials, artists, musicians, and humanitarians for a day of storytelling and knowledge sharing. This is the pledge of those running the Ethereal conference, poised to be one of the larger blockchain-related conferences in the current ecosystem. From the event’s description, it may sound as though the Ethereal conference doesn’t have a lot to do with cryptocurrencies and blockchain technologies. However, blockchain technology is at the center of the...

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Hong-Kong Based Exchange OKEx Plans to Move to Malta

OKEx, one of the largest exchanges in the world, has announced plans to move to the European island, Malta. This announcement came quickly after a similar announcement made by Binance, one of OKEx’s main competitors. In an attempt to gain an understanding of the political climate around cryptocurrencies in Malta, OKEx’s executives met with the Maltese government. While many EU countries are taking a standoff-ish, if not downright hostile, approach to cryptocurrency, Malta – which aims to become a ‘global pioneer’ for cryptocurrency – has proven to be extremely welcoming to crypto and blockchain businesses. OKEx Is Expanding To...

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Buyer Loses $278,000 USD in Bitcoin Robbery

The rise of cryptocurrency has brought many opportunities for investment, but such wealth potential has also attracted criminals. A recent example is of a Bitcoin robbery in Singapore, in which the victim was robbed of over $278,000 USD. The Singaporean police force has recently announced a robbery case involving a Bitcoin transaction. Pang Joon Hau, a Malaysian man, traveled to Singapore on April 8th in search of Bitcoin sellers. Carrying Lots of Cash Not a Wise Decision Pang contacted a broker in Singapore, who then met with Pang at his hotel where the two of them waited for the...

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A New Phase of Startups: Crypto For Kids?

In a market dominated by adults, children have found it hard to find entry points into the cryptocurrency space. However, companies such as Pigzbe, have genuine power in making sure kids are ready for the future of currency.   Children and Cryptocurrencies: A Good Mix? It is undeniable that cryptocurrencies have taken the world’s attention over the past year with many mainstream companies and media companies approaching the topic of cryptocurrencies and blockchain technology. A common saying which Bitcoin users like to use is “Until my grandma is using Bitcoin, we have not reached widespread adoption.” However, what this...

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Facebook’s Slipping Grip on the Social Media Market?

Social media platforms like Youtube and Facebook have come under fire due to a variety of problems. However, traditional consumers have found it hard to move to new platforms due to the lack of variety and healthy competition in the industry. Over the past week, Facebook has begun losing some of its death grip over the social media industry. The Cambridge Analytica data scandal affected over 50 million Facebook users from all across the world and caused the Facebook stock price to drop by over 10%, resulting in an almost $50 Billion drop in market valuation.  Rightfully, many Facebook...

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