Fintech startup Circle has captured $110 million in venture capital during the largest venture capital round raised by a cryptocurrency or blockchain company to date. Led by China-based mining juggernaut Bitmain, the funding round will be used to launch a new regulatory-complaint cryptocurrency pegged to the US dollar. In a press release published on Tuesday Read More
(Global Intel Hub) — 5/12/2018 — Bitcoin is now the talk of the town (Wall St.) and yet we don’t know who created it. There’s lots of theories, but we haven’t seen any documented evidence. Having experience in this business looking at the FX markets melt down over the last 10 years in a fraud Read More
The value of all the bitcoins sitting in underground bunkers owned by wealth-management startup Xapo has been the subject of intense speculation ever since the company first allowed journalists into the catacombs where the family offices of the world’s wealthiest people stash their digital gold. Now, Bloomberg - after conversations with two purported clients - has produced Read More
Is the Crypto Currency “Market” about to have a Fakebook moment? That’s the moment that people realized that 90% of users, traffic, and content on Fakebook was bots, spam, and other fakes (and ultimately stopped using it). As we explained in Splitting Pennies, the financial world is not as it seems, but now it appears that Read More
Billionaire Peter Thiel’s venture-capital firm is investing a startup designed to optimize block trading for major cryptocurrency market participants. The Wall Street Journal reports that Founders Fund is among the investors in the early-stage startup, called Tagomi Systems Inc., people familiar with the situation said. Thiel’s investment comes after it was revealed that Founders Fund itself has already made a Read More
In this piece I will expose why I believe more than $3 billion of all cryptoassets’ volume to be fabricated, and how OKex, #1 exchange rated by volume, is the main offender with up to 93% of its volume being nonexistent. I’ll endeavour to prove it by analyzing publicly available data. When I set out Read More
(Bloc10 4/29/2018) — This is a macro-deep-analysis of how Crypto can create a new parallel system by feeding off the old carcass of the dying fiat central banking model. As we explain in our book Splitting Pennies – the financial world is not as it seems. Gurus from many, non-correlated financial disciplines have been predicting Read More
DST Global, a company that was an early investor in Facebook and Spotify, led the funding round, which included other venture capital firms Index Ventures and Ribbit Capital. The London-based firm provides a debit card that allows people to spend money in 150 currencies with no fees at a real-time exchange rate. Fintech firm Revolut Read More
It wasn’t long ago that your average enterprise wouldn’t even mention bitcoin, ethereum, or any number of cryptocurrencies in public. Instead of using the cryptographically secure tokens to streamline workflows - or even talking about doing so - some of the most recognizable enterprises in blockchain have largely confined themselves to uses of blockchain as a new decentralized Read More