Blockchain Technology

OPP Open WiFi, a blockchain-backed global community of WiFi hotspot hosts and providers, has officially announced its Initial Token Offering (ITO) beginning on June 1, 2018. The sale will be divided into three rounds, starting with a private sale and ending with a public sale with incentivized bonuses rewarding early-bird contributions. OPP tokens, which are
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HybridBlock, a Hong Kong based cryptocurrency trading and education platform, will begin its public token sale starting on May 23, 2018. The public sale follows a successful pre-sale that included thousands of contributions, whitelist registrations, and community growth to over 25,000 supporters. HybridBlock is creating an ecosystem of cryptocurrency buying and trading solutions to empower
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Ternio, the creator of the highly scalable blockchain framework Lexicon, has released a third-party audit of its technology. The verification report highlights the ability for Ternio’s blockchain to process more than 1 million transactions per second, fully decentralized and on-chain, making it the fastest blockchain in the world. This marks a quantum leap forward in transaction
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Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry. “My fear is that the U.S.A. may actually be falling behind,” Neu-Ner said on “Fast Money” Thursday evening. Neu-Ner, who is host of CNBC Africa’s “Crypto
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Investors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore red flags such as plagiarized documents or fake executive information. Investors have already claimed losses
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Steve Eisman, the investor whose forecast of the financial crisis was depicted in “The Big Short,” criticized a German bank and digital currencies on CNBC’s “Squawk Box” Thursday. The Neuberger Berman portfolio manager confirmed his fund is short Deutsche Bank. “Deutsche Bank has a very simple problem. It doesn’t make money. That’s a pretty shocking
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Former head of J.P. Morgan’s blockchain arm Amber Baldet has finally announced her next move. The former bank executive started a new blockchain company called Clovyr. “It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. Baldet’s post-J.P. Morgan plans have been
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“Whilst we apologize for any delays, Consensus 2018 has received overwhelming interest and is the largest blockchain-focused event ever held in the United States,” Jacob Donnelly, director of marketing at CoinDesk, said in a statement. “We are working to reduce the wait time.” During last year’s conference, bitcoin accelerated its gains above $2,000. The cryptocurrency
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One of Wall Street’s biggest bulls sees blockchain playing a big role as an economic growth driver. It still may be considered an emerging technology, but Federated Investors portfolio manager Steve Chiavarone is folding the electronic system, which records cryptocurrency transactions, into his stock market forecast. “This is going to be one of five key
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“At Goldman you’re always looking for alternative asset classes, and I said, maybe this is an alternative investment that we should start to take seriously,” Matta said. The mania around the rise of cryptocurrencies has parallels to the dot-com boom from 20 years ago. Then, too, it wasn’t uncommon for Wall Street bankers to head
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While he’s bullish on digital payments through apps such as Alipay, Venmo, PayPal and Square, Roubini said blockchain and cryptocurrencies will not play a role in the future of finance. “I’m affirmative on that significant disruption, but most of this has nothing to do with blockchain, nothing to do with cryptocurrency,” he said. The economist
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The growth of bitcoin “mining” activity could send the cryptocurrency’s price as high as $64,000, investment research firm Fundstrat said Thursday. Bitcoin is created through an energy-intensive process known as mining, in which computers receive the cryptocurrency as reward for solving complex mathematical equations. Processing power to guess the solution is known as “hash power,”
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Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC’s Becky Quick. Tweet Link Bitcoin is “probably rat poison squared,” he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. Charlie Munger, Berkshire’s vice chairman
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Bitcoin is rallying and can no longer be ignored, said Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies. “It’s a serious market,” Kelly said from Hoover Institution’s annual Monetary Policy Conference at Stanford University on Friday. “When I would go to events like this in years past, you
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Investors are putting too much attention on Square’s bitcoin ambitions, Citron Research’s Andrew Left told CNBC’s “Fast Money” on Wednesday. The well-known short-seller was on to talk about Square, cryptocurrencies and Alibaba, the Chinese e-commerce giant. Earlier this week, Left tweeted that “WallSt. drunk on Bitcoin nonsense.” He put a short-term $30 price target on
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Brian Kelly, Founder and CEO of BKCM, called the automakers’ effort “very, very interesting” because of a new battleground for tech companies: Your car. “This is a tectonic shift in the tech landscape, that has the potential to disrupt the growth plans of legacy tech into the auto,” Kelly said in a note to clients
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Blockchain technology is going to revolutionize the world, says financial advisor Douglas A. Boneparth. Still, many people don’t know what it is. “Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way,” explained Boneparth, president and founder of Bone Fide
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The ecosystem around bitcoin is still changing, but U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo said the popular cryptocurrency is part currency, part security and part digital coin. “Bitcoin and a lot of its other virtual currency counterparts really have elements of all of the different asset classes, whether they’re meeting payment, whether
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Regulators at the Securities and Exchange Commission are still worried about the cryptocurrency fundraising craze known as initial coin offerings. But the agency is not looking to ban them and remains open to a legal avenue for crypto investments, according to one commissioner. “Investors are having a hard time telling the difference between investments and
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