French Renewable Energy Provider Wins Regulator’s Approval for €10M Token Sale
Renewable energy services provider WPO has won approval from the French financial markets regulator to raise funding through a public token offering, or ICO.
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Hong Kong Now Has Its First Licensed Crypto Lender
Crypto lending startup Pawnhub has just become Hong Kong’s first fully licensed and insured crypto lender. Pawnhub also has offices in Switzerland, the UK, Taiwan, and Thailand, so this could be huge news. Crypto Lending has Blossomed, is Crypto Insurance Next? Pawnhub has big plans to become one of the premier crypto-lending firms of the Asian-Pacific region. Asian nations have a high degree of technological prowess and great enthusiasm for cryptocurrency and blockchain projects. Many Asian nations are home to some of the largest crypto-markets, along with some of the most forward-thinking crypto-asset friendly regulations. Singapore, Japan, South Korea, and Hong Kong have all passed legislation to make their jurisdiction more appealing to internet money-startups. Pawnhub’s foray into crypto-lending could be huge. The crypto-lending industry has become one of the fastest and most profitable sub-sectors of the overall crypto-asset investment climate of the last 2 years. Pawnhub was able to secure a government license in Hong Kong, as well as announced that they will be partnering with a leading US crypto-asset custody firm, in order to offer insurance of up…
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Bitcoin Whales Holding 100-1,000 BTC are Accumulating: US Exchange
Bitcoin whales holding about 100-1,000 units of the cryptocurrency have started accumulating more of it, says crypto trading platform Kraken. In a report published Friday, the US exchange noted a stagnant growth in the number of whale addresses effectively from January 3, 2020. The month saw 10-100 BTC holders increasing their exposure to bitcoin. Nevertheless, people holding more than 100 BTC were in a “wait-and-see” approach. Number of bitcoin addresses with ₿1,000 – ₿10,000 relative to price volatility | Source: Kraken Entering the second month of 2020 changed the perspective a bit. Kraken said January ‘s surge in the bitcoin prices soon followed a jump in traders holding 100-1,000 BTC. The exchange further termed it a historical pattern, wherein 10-100 BTC holders in the accumulation phase cast a similar sentiment spell on 100-1,000 BTC holders at a later stage. “This may mean that sentiment amongst the ₿1,000 – ₿10,000 cohorts is starting to shift to a new accumulation phase,” wrote Kraken. Smaller Fishes Also Accumulating A rise in the number of bitcoin accumulators suggests that people are treating it as a…
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The Cryptocurrency Act of 2020 Is ‘Dead on Arrival,’ Washington DC Tells Sponsors
An omnibus bill aimed at comprehensive reform of US cryptocurrency regulation was introduced yesterday by Representative Paul Gosar (R-AZ). It is thought to have little chance of passage at present, but, according to lawyers and backers in the industry, it does provide insight into what a top-to-bottom new law governing crypto could look like one day. Marshall Hayner of Metal Pay and Erik Finman, who made a million from bitcoin before the age of 18 and now runs an investment fund, contributed to the discussion draft. Presented on Mar. 9, the “Cryptocurrency Act of 2020,” sets out to define categories of digital assets and clarify which federal agency will oversee each tranche. “The bill looks to provide not only clarity, but legitimacy to crypto assets in the United States,” said Will Stechschulte, Gosar’s legislative assistant, in a press phone call. See also: ‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay Regulatory uncertainty hangs like a cloud on the industry as it aims to attract conventional investors. Fully 56 percent of financial advisors cite “regulatory concerns” as reason…
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Are You Safe Online? Three Things You Didn’t Know About Your Data on Social Media |
If you like embracing technological advancements, then chances are you’re using one of the major social media platforms that existtoday. Take Facebook, for instance. Do you know what you actually signed up for when you hit that ‘create account button?’ The truth is, this platform maintains database of user information that it remits upon signing up, and it always possesses certain rights over it. But there’s one thing that remains interesting in this whole situation. Let me ask a simple question. Have you ever taken your time to go through the terms and conditions of the social media platforms you sign up on? According to the Pew Research Report published in 2017, half of Americans have no idea what a policy document is. You heard it right. And it’s even more interesting how social media users religiously skip reading through the crucial legal document, which leaves them in the dark as to what their personal data is going to be used for. That is the sole purpose of this post – to enlighten you on three major things that happen…
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Bitcoin’s Best Q1 Since 2013 to ‘Escalate’ If $9.5K Is Broken: Trader
Bitcoin (BTC) investors have already made more on their holdings this quarter than any Q1 since 2014, as data shows a sustained influx of institutional interest. According to findings from statistics resource Skew Markets, Bitcoin’s gains so far in 2020 amount to just under 30%. In no other quarter in the past six years did markets perform that strongly. 2020 thrashes downbeat Q1 trend By contrast, Q1 tends to be an underwhelming period for Bitcoiners. 2014 saw 39% losses, while 2015 and 2016 saw BTC/USD drop by 24% and 3% respectively. Only 2017 and 2019 managed to produce positive moves, but at around 11%, neither comes close to this year. 2011 and 2013 were the years Q1 returns were strongest, at 165% and 570%, according to Bitinfocharts’ price index. Bitcoin quarterly returns. Source: Skew Markets The impressive stats come amid renewed faith in Bitcoin’s long-term potential. As Cointelegraph reported, Bitcoin futures data suggests institutions truly are engaging with the cryptocurrency on a new level as more products hit the market. Aggregate open interest across futures products is now higher than…
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Overstock Plots Global Expansion for Blockchain-Based Agritech Platform
Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont’s enterprise blockchain platform, Assembly. Medici is a shareholder in both GrainChain and Symbiont. Medici Ventures plots global expansion of GrainChain GrainChain seeks to speed up and remove friction capital circulation in the agricultural market through the use of smart contracts. Farmers can also track their produce as it moves through the supply chain on a per-crate basis — reducing the risk of theft and corruption. Overstock CEO and Medici Ventures president, Jonathan Johnson, describes the partnership between Medici’s keiretsu companies as “working to eliminate middlemen, democratize capital, and re-humanize commerce through the use of blockchain technology.” 14,000 farmers currently use GrainChain The firm claims that roughly 14,000 farmers currently use its smart contacts — including nearly 1,300 U.S. based users, almost 900 in Mexico, and 12,000 in Honduras. GrainChain…
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Web3 Foundation Funds Technical Bridge Connecting Polkadot to Bitcoin
The Web3 Foundation, the non-profit entity behind Polkadot, has financed a new bridge to link the multi-blockchain network to bitcoin (BTC). ,
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From Millionaire to Felon and Beyond
Charlie Shrem has been involved in crypto longer than almost anyone. He likes to joke that he was one of the first ten people to ever hear about Bitcoin. He now hosts the crypto-focused podcast Untold Stories, which attempts to chronicle the history of crypto through the eyes and experiences of its most influential players. Cointelegraph’s most recent live Q&A gave the audience the opportunity to directly question Shrem about crypto, his past, and anything in between. The topics ranged from XRP, DApps, and stablecoins to his time spent in prison. Shrem revealed how he first heard about Bitcoin, who he believes is leading the crypto space, and explains how prison enabled him to reaffirm his commitment to cryptocurrencies. Check out the full stream in the video above. If you enjoy Cointelegraph’s live content, make sure to subscribe to the Cointelegraph YouTube channel to stay up to date on when the next shows will be. Every Thursday Cointelegraph hosts Crypto Markets Live, where audience and traders come together to examine the latest movements across the major cryptocurrency markets. This week…
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Chairman Powell Attacks the Modern Monetary Theory While the Economy Now Faces a Total Collapse
Jerome Hayden “Jay” Powell, chairman of the Federal Reserve Banks (Fed), has implicitly somewhat directly attacked the Modern Monetary Theory (MMT). Speaking live in the first digital conference of its kind, after mentioning all the recent measures taken by Fed in light of the unprecedented curfewing of the ‘free’ west, Powell said: “I would stress that these are lending powers and not spending powers. The fed can not grant money to particular beneficiaries. We can only make loans to solvent entities that the [erm] with the expectation that the loans will be repaid. Many borrowers and the economy will benefit [from the availability of these loans], but for others getting a loan that may be difficult to repay may not be the answer. In this cases direct fiscal support may be needed. Elected officials have the power to tax and spend and to make decisions about where we as a society should direct our collective resources.” Powell therefore is stating there has been no change to the monetary and banking system of the United States, with the above being his…
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Top Investment Instruments | NewsBTC
In this article, we will explain how you can achieve long-term financial growth. Let’s start with bank deposits and savings accounts – and what makes them absolutely useless. Unfortunately, with each year the profitability of bank deposits decreases – yield rates on deposits go down, and in some countries, they even reach the inflation rate. Let’s take a look at an example from Germany – according to a survey conducted by the Bundesbank, 58% of banks have set negative interest rates on deposits for corporate clients, and 23% have done the same for retail clients. The survey was conducted at the end of September, a few weeks after the European Central Bank reduced the interest rate on deposits from -0.4% to -0.5%. Although the return on investments is still officially above the inflation rate, their real return is effectively the same as the level of inflation. In order to achieve returns that are higher than inflation – real returns – you need to seek out more profitable options that are often riskier. So if you want to maintain or even…
