Caitlin Long’s Avanti Raises $5M, Submits Wyoming Banking Charter Application Draft
Crypto bank Avanti now has the backing of several popular investors in crypto.
,
If reproduced, please indicate the source: https://www.uucj.net/caitlin-longs-avanti-raises-5m-submits-wyoming-banking-charter-application-draft/
Recommendation
-
WeChat Pay Now Puts Receipts On Blockchain –
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Binance CEO, CZ in a recent tweet shared that now WeChat pay in Shenzhen is putting its receipts on the blockchain. WeChat is a Chinese multi-purpose messaging and mobile payment app developed by Tencent. Is it a hint enough that WeChat pay will soon support crypto payments as well? Crypto Twitter Lauds Chinese Efforts Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Source- Twitter Cz’s tweet led to a series of tweets by the crypto twitter asking about the blockchain is being used is it a new blockchain or the Bitcoin blockchain. Further, tweets went on to laud China’s technological efforts and said the Chinese were living in the future. WeChat Pay’s Tryst With Crypto Earlier in May, WeChat updated its privacy policy which confirmed that merchant accounts which found dealing in cryptocurrency transactions will be terminated soon. WeChatPay’s parent company Tencent even issued key measures to effectively monitor crypto activities. These included forbidding users from using Wechat…
-
Ethereum Touches Freshly Formed Resistance Level as Analysts Eye Further Downside
Ethereum’s price action has been closely mirroring that of Bitcoin’s in recent times, which has made it prone to seeing heightened levels of selling pressure in spite of ETH’s multiple recent attempts to break above its long-established resistance level at $190. This selling pressure has sent ETH down to the lower-$180 region while also causing it to form some fresh resistance levels directly above its current price, which could send it reeling lower in the near-term. Ethereum Finds Support Around $180 as Bitcoin Begins Consolidating At the time of writing, Ethereum is trading up over 2% at its current price of $183, which marks a slight climb from its recent lows of under $180 that were set yesterday. Ethereum’s ability to post a strong and swift bound after its brief drop below $180 signals that this is a strong short-term support level that will likely continue to hold so long as Bitcoin doesn’t incur any significant selling pressure in the near-term. Ethereum’s price action has been strikingly similar to Bitcoin’s over the past couple of days, and BTC is currently…
-
The Evolution of Gambling to the 21st Century |
People are at heart adventurous. It’s really a condition of life. We are constantly faced with decisions that have consequences, and we all develop strategies in order to deal with them: which subject to study in college, which job to take, which person to marry… even whether to have that third coffee or not. Our lives are filled with choices, large and small, with uncertain outcomes that we have to place our bets on. Now, many people wouldn’t think of making daily life choices as ‘betting’. But really, isn’t it? The only difference is that what we traditionally define as gambling usually involves a physical game, where life choices have a whole array ofoutcomes. And we also see how different people are if we compare the choices made, each one differs in one way or another. There are also ideas that future-oriented strategies have also applied by our ancestors who have developed the ability to think rationally. The Benefits of Gambling Over the last few decades, gambling has been seeing a bit of a renaissance – and for good reason….
-
Ripple Labs Co-Founder Recovers From Coronavirus
With all the media attention on the shortage of hospital beds and medical supplies, it’s not often that you hear an uplifting headline. Well, crypto community, chin up. Ripple Labs Chairman Chris Larsen has made a full recovery from COVID-19. And he’s encouraging others who have to donate their blood. Chris Larsen Makes a ‘Full Recovery’ Posting on his Twitter last night, Larsen thanked everyone on the front lines who had helped him recover. He also asked others who had recovered to consider donating their blood too. It seems that recovered patients could help those who are fighting the virus as their blood now contains antibodies. Thank you to everyone on the frontlines keeping us safe – am truly grateful to report that I’ve made a full recovery from #COVID19. If you’ve recovered from the virus, please consider donating your blood to help with antibody transplants: https://t.co/icm06Et5fr pic.twitter.com/331Mjv43Z6 — Chris Larsen (@chrislarsensf) April 2, 2020 His announcement provoked a flurry of response and–for once–for Crypto Twitter, almost all of solidarity. After all, whatever your stance on Ripple Labs or XRP,…
-
Bitcoin Tackles $6K After 20% Crash as Stocks Rival 1987 Apocalypse
Bitcoin (BTC) struggled to turn $6,000 into support during trading on March 12 as the second “Black Monday” event in the same week pushed stocks to perilous lows. Cryptocurrency market daily overview. Source: Coin360 BTC bounces off $5,700 floor Data from Coin360 and Cointelegraph Markets showed BTC/USD trying and failing to recapture $6,000 after shedding 20% in a single hour. As Cointelegraph reported, Donald Trump’s travel ban set the scene for a coronavirus panic attack on Bitcoin markets, with the cryptocurrency crashing to 10-month lows of $5,720. On an hourly time frame, the event marked Bitcoin’s worst performance on record. At press time, those lows remained, BTC/USD trading in a roughly $400 corridor as Wall Street faced another day’s losses. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Cryptocurrency market daily overview. Source: Coin360 Trading ceased for 15 minutes after stocks shed 7% upon opening Thursday morning in New York. The Dow Jones fell 9%, while the S&P 500 rapidly lost 9%. After trading began in London, the United Kingdom’s FTSE 100 index hemorrhaged value — as one…
-
Member of RippleNet, NIUM moves into China with a new partnership
NIUM has recently been in the news this week after it announced a partnership with Geoswift, a payment technology firm. According to the official press release, this new collaboration would connect China to the rest of the world. The fintech platform NIUM, has recently been in the news this week after it announced a partnership with Geoswift, a payment technology firm. According to the official press release, this new collaboration between the two companies would connect China to the rest of the world meaning that it could potentially enable customers of the project to leverage RippleNet in order to remit money into China. NIUM is a member of RippleNet with the press release stating that consumers and companies are going to be able to conduct fund transfers swiftly through the San Francisco-based company ripple and their partner InstaRem. The CEO and founder of Geoswift, Raymond Qu said the following: “The partnership with NIUM is a natural extension of our strategy to become one of the leading providers of instant P2P payments solution. In order to fulfill the ever-growing business and…
-
British Telecoms Giant Latest Member to Bail on Libra Association
Adding to a lengthy list of departures last fall, telecom giant Vodafone has departed the Libra association, a spokesperson from Vodafone confirmed to Cointelegraph in an email on Jan. 21, 2020. The representative said: “Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel that we can make the most contribution by focusing our efforts on M-Pesa. We will continue to monitor the development of the Libra Association and do not rule out the possibility of future co-operation.” M-Pesa is an African mobile payment option developed by Safaricom, a Kenya-based outfit Vodafone collaborates with. Libra remains unshaken Cointelegraph also received a statement from the Libra Association on Jan. 21 regarding the telecom’s departure. “We can confirm that Vodafone is no longer a member of the Libra Association,” Dante Disparte, head of policy and communications for the Libra Association, said in the statement. “Although the makeup of the Association members may change over…
-
Stacking Fasts: Inside the Crypto Community’s New Diet Craze
It’s been 27 hours since my last meal and my body is starting to eat itself. Autophagy, literally self-eating, is the latest dietary trend in the crypto community. More commonly known as fasting, the idea is to abstain from ingesting food for a set amount of time, ranging anywhere from 24 hours to an entire month or beyond. In doing so, proponents hope to improve their bodily health and mental acuity. With nine hours left to my own exercise in self-starvation, I feel neither healthy nor sharp. In fact, I’m pretty sure I’m hallucinating. I’m imagining the taste of last night’s dinner. Fatty salmon. The salt on my tongue. A bed made of arugula. Alas, just cotton sheets and pillow to chew on. My only consolation? I’m not alone. I’m skipping meals alongside the Bitcoin Fasting Group, a Telegram channel for crypto-minded people to discuss nutrition, organize fasts and encourage one another through their hunger. Using the predictable pattern of the bitcoin blockchain, which hashes a new set of transactions every 10 minutes, the group schedules 36- to 72-hour communal…
-
Stellar-based Startup Lightnet Raises $31.2 Million in Funding » The Merkle Hash
Blockchain technology startups remain a hot commodity. Especially now that China and other nations plan to fully embrace this innovative technology. Lightnet, a blockchain startup based in Thailand, recently completed a major funding round. A Major Success for Lightnet In the end, the outfit will pocket $31.2 million from a round led by United Overseas Bank. Other crucial investors include HashKey Capital, Signu Capital, and Seven Bank. Lightnet envisions a world where the entire remittance market will be powered by blockchain technology. This approach will provide more viable solutions to the unbanked migrant workers in Southeast Asian markets. More specifically, the company deems the widely-used Swift system to be woefully inefficient. Instead, Lightning wants to replace this system altogether by leveraging smart contracts and distributed ledgers. This approach will also aid in connecting existing financial systems with non-bank agents and fiat-transaction network solutions. With this new funding, the company can further beefen up its underpinning technology. It is worth mentioning that Lightnet leverages the Stellar blockchain for its specific purposes. The first transaction to take place over Lightnet should occur…
-
Despite Bitcoin “Gold 2.0” Narrative, Long-Term Correlation With Gold Remains Loose
UU.Block Comments: The global market value of gold is about 7.4 trillion US dollars. The current market value of Bitcoin is 212.32 billion US dollars. Bitcoin needs to be 34 times more than the current price of 11,877 US dollars, reaching 400,000 US dollars, in order to balance the global market value of gold. Gold has always been a hedge asset for governments to deal with the incompetence of money supply. In the current world, Bitcoin is an option to avoid legal currency and excessive financial regulation. Bitcoin and gold are not on the same track, although they are occasionally related in the short term. The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U.S. and China that have escalated the trade war into a full-fledged currency war. At the same time, Bitcoin (BTC) has been incurring decent upwards momentum, which has strengthened the “digital Gold” narrative. Despite this, one analyst is quick to note that Bitcoin’s correlation with Gold still remains fairly loose, making it speculative…
