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The Rational Investor On How To Value Assets Like Crypto Currency
ValueWalk’s interview with Brian Beamish aka The Rational Investor. In this interview, Brian discusses his and his firm’s background, helping students build out their small business of trading, mass adoption of blockchain and the hype around the ‘get rich quick’ aspect of crypto currencies, the fundamental value of an asset like a crypto currency, what makes bitcoin more unique than
Report: Alibaba, Tencent Among First to Receive China’s State-Backed Cryptocurrency
The People’s Bank of China (PBOC) is gearing up to launch its cryptocurrency, and according to Forbes, seven institutions will be among the first to handle it. The first group of recipients include Chinese internet giants Alibaba and Tencent as well as the Middle Kingdom’s two largest banks, the Bank of China and the Industrial and Commercial Bank of China.
Binance to Launch Lending Platform
Binance, the world largest cryptocurrency exchange, has set its sights on the lending space. According to an announcement, the crypto giant will launch a lending platform called “Binance Lending” as a “value-added service to Binance users who hold idle digital assets.” The service – which goes live on August 28 – allows holders of Binance Token (BNB), Ethereum Classic (ETC),
Craig Wright Loses Case – Must Hand Over ‘Billions’ in Bitcoin to Kleiman Estate
Craig Wright had a terrible, no good, very bad Monday. The legal battle between Wright and the estate of his former business partner, David Kleiman, went terribly pear-shaped for Wright on Monday when the U.S. District Court for the Southern District of Florida awarded half of his multi-billion Bitcoin fortune to the Kleiman estate. The Block: In 2018, David Kleiman’s
Binance Unveils ‘Venus,’ a Stablecoin Rival to Libra
Binance, the world’s largest cryptocurrency exchange, recently revealed that it’ll be launching “Venus,” a cryptocurrency it calls an “independent and autonomous, regional version of Libra.” Here’s The Block: Binance said it is going to launch Venus cryptocurrency because it has a presence in several countries, has its native blockchain Binance Chain in place, as well as it hopes to break
5 Richest Bitcoin Owners Helping Shape Bitcoin And Its Future
Like any form of investment, patience and strategy is the key to success, especially with the highly volatile nature of Bitcoin and cryptocurrencies. However, for those that have steadfast with their decisions, some have seen their efforts and investments increase over the years. Here are some of today’s most successful early adopters and proponents of the cryptocurrency space including Tom
Commerzbank Tests Blockchain-Based Payments For Machine-To-Machine Transactions
Major German bank Commerzbank announced that it has developed a blockchain-based payment solution that specifically automates machine-to-machine (M2M) payment processes. This pilot project is in collaboration with Daimler Trucks, with this M2M payment part of the test for the direct handling of charging operations of electrically powered trucks. The automated payment pilot involves the transaction process between an electric truck
New Zealand Legalizes Salary Payments In Crypto
It was announced yesterday that New Zealand has become the first country ever to legalize salary payments in cryptocurrency. geralt / Pixabay This ruling was signed on June 27 by the Inland Revenue Department (IRD) agency’s Director of Public Rulings, Susan Price. It will be put into effect for three years from September 1, 2019. The ruling states that the
North Korea’s Nuclear Program Partially Funded by ‘Large Scale Attacks Against Cryptocurrency Exchanges’
North Korean hackers have reportedly stolen up to $2 billion to help fund the country’s nuclear program, the SCMP writes citing a report to the United Nations Security Council. North Korea is using cyberspace “to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income” in violation of sanctions. Cryptocurrency exchanges deal in virtual
Report: The People's Bank of China's Digital Currency Is Now 'Ready'
Barely a month after it accelerated its crypto plans, China’s central bank digital currency (CBDC) is now reportedly “ready.” The Token Post, citing the Shanghai Securities News, reported yesterday that the Middle Kingdom will be rolling out its CBDC “soon.” Mu Changchun, deputy chief of the People’s Bank of China’s payments and settlements unit, said that the CBDC prototype is