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Winklevoss Twins Sue Former CEO of BitInstant Over Alleged Bitcoin Theft
Tyler and Cameron Winklevoss have sued Charles Shrem, the former chief executive of BitInstant, claiming that he used part of their 2012 investment to enrich himself, as the New York Times reports. The Winklevoss twins made a $750,000 investment in BitInstant in 2012 - the company was "one of the first prominent Bitcoin businesses in the United States," the Times
The Future of Cryptocurrency: A Chat With Elixxir CEO David Chaum
In the 10 years since "Satoshi Nakamoto" developed bitcoin and created the first blockchain database, companies like Elixxir have further revolutionized and specialized the digital currency's capabilities. With a focus on speed and security, Elixxir has enabled the processing of hundreds of thousands of transactions each second through the convenience of a smartphone app. The Founder CEO and founder, David
SoftBank Has a New Fund That's Investing in AI-Focused Startups
Having already poured a windfall of cash into tech companies via its $100-billion Vision Fund, SoftBank has now opened the coffers on a new AI-focused fund and made its first investment in a startup outside of Japan, as Business Insider reports. SoftBank's $52-million Deepcore Fund contributed to a $29.5 million fundraising round for the San Francisco-based startup Engineer.ai, which allows
Blockchain Initiative Is Going Mainstream but Half of Companies Are Struggling
Blockchain
Bitcoin introduced the world to blockchain, the technology that underpins the cryptocurrency, which has the potential to dramatically improve the speed and security of networks around the globe. MichaelWuensch / Pixabay And even though bitcoin has struggled to take off in the way many of the cryptocurrency’s most prominent supporters might have hoped, blockchain still has plenty of potential. Q3
Hedge Funds Go All-In on Cryptocurrencies
With roughly two months left in the year - and an eleventh hour rally highly unlikely - it's probably safe to write off 2018 as a terrible year for cryptocurrencies. After soaring to record highs in 2017, the crypto market's losses this year are now reportedly worse than the dot-com crash, with Bloomberg even comparing Bitcoin's struggles to one of
Chart: 11 of the Biggest ICO ROIs of 2018
While 2018 has not exactly been a stellar year for cryptocurrencies - especially when compared to the record-setting highs of 2017 - there are still opportunities to be had in the digital coin space. Buy low, sell high isn't just smart advice for traditional finance, after all. With that in mind, here are the 11 biggest return on investments from
Pro Tip: Don't Falsely Claim Your Custodian is 'SEC-Qualified' For Crypto Transactions
When you consider the biggest no-no's that you could do as a financial services company trying to promote your product or service, you'd have to think that falsely making claims of endorsement from the Securities and Exchange Commission has got to be pretty high up there. This is especially true when you're promoting anything having to do with cryptocurrencies. Such
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
Blockchain
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