Leading investors from the Silicon Valley have taken interest in Telegram’s ICO. Venture capital funds Kleiner Perkins Caufield & Byers, Benchmark Capital and Sequoia Capital expressed desire to put in $20mln each. During its campaign to develop a new blockchain platform and launch cryptocurrency Telegram plans to raise $1.2bln. … [Read more...] about Leading investors take heed of Telegram
Crypto news in brief (January 25, 2018): Coinbase, FC Arsenal, VersaBank
Coinbase topped $1 billion in revenue in 2017. London-based football club Arsenal will promote cryptocurrency. VersaBank will offer digital deposits service. … [Read more...] about Crypto news in brief (January 25, 2018): Coinbase, FC Arsenal, VersaBank
Australia to develop cryptocurrency backed by gold
The Perth Mint, Australia’s biggest precious metals refiner, is developing its own cryptocurrency backed by gold and other precious metals to lure investors to buy gold again. The mint produces nearly 700 tons of gold annually. The move comes as investors rushed after cryptocurrencies channeling investments away from precious metals. By creating new digital money, the agency … [Read more...] about Australia to develop cryptocurrency backed by gold
Davos participants believe in blockchain
With the World Economic Forum taking place in Davos, a number of participants have expressed enthusiasm about the blockchain technology, but remained sceptical about cryptocurrency. … [Read more...] about Davos participants believe in blockchain
Crypto news in brief (January 23, 2018): Nordea, bitFlyer, South Korea
Nordea forbids employees from investing in cryptocurrencies. Japanese bitcoin exchange bitFlyer comes to Europe. South Korea bans anonymous cryptocurrency trading. … [Read more...] about Crypto news in brief (January 23, 2018): Nordea, bitFlyer, South Korea
Waltonchain review: RFID and blockchain for supply chain management
The idea behind China-based Waltonchain project is to combine radio-frequency identification (RFID) technology with the blockchain to eliminate retail counterfeiting and solve issues connected with the supply chain management industry (i.e. production, logistics and warehousing). Essentially, Waltonchain will provide all-in-one solution for monitoring and tracking of items. … [Read more...] about Waltonchain review: RFID and blockchain for supply chain management
Investors are hunting joke cryptocurrencies
Regulators have warned investors about risks of new mushrooming cryptocurrencies. Despite warning signals, investors are diving in, even if such tokens are named after a popular internet meme or contain words like ‘useless’ in their title. A demand for cryptocurrencies that meant to be a joke highlights how overvalued and risky these currencies have become, some analysts say. … [Read more...] about Investors are hunting joke cryptocurrencies
SEC stands in the way of cryptocurrency ETFs
The US Securities and Exchange Commission (SEC) has blocked the way to approving several exchange traded funds (ETFs) whose assets include bitcoin and other cryptocurrencies. The regulators believe such financial products do not conform to rules, aimed at protecting ordinary investors. … [Read more...] about SEC stands in the way of cryptocurrency ETFs