eToro on #CryptoCongress: Laws Will Have Global Impact, Regs Need to Hear Global Perspectives

  Two U.S. Congressional Hearings on Cryptocurrencies commenced on 18 July, 2018. Firstly, the House Committee on Financial Services held a live congressional hearing which started on 18 July in Washington, D.C. entitled “The Future of Money: Digital Currency”, followed by the House Agriculture Committee.     The House Committee on Financial Services released a memo prior to the hearing stating “This hearing will examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies. The Subcommittee will…

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Bitcoin and Cryptocurrency Price Predictions

  Bitcoin and cryptocurrency price predictions have made headlines in mainstream media since the start to the 2017 bull run which led Bitcoin to the level of $19,345 mid-December pulling many altcoins (cryptocurrency that is not Bitcoin) prices to all-time-high levels.       During this time, excitement in the crypto market was fever-pitch resulting in FOMO (Fear Of Missing Out) and adding some craziness to the market. No doubt many traders took profit off the table as investors and speculators were prepared to buy on credit or mortgage their…

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DBEX, World’s First Physical Digital Asset Exchange Located in the Planet’s Tallest Building, Completes Pre-A Round Of Investment

DBEX aims to create a brick-and-mortar exchange modeled on NASDAQ for digital assets   DUBAI, United Arab Emirates – Dubai International Digital Asset Exchange, or DBEX, today announced the completion of a pre-A round of investment from 19 leading global and Chinese investors including Sino-Burmese Fund, Hanfor Capital Management and Shangshan Wealth and Investment.     The pre-A round investment is worth hundreds of millions of RMB. It is one of the largest such investments for a new blockchain project in recent months.   The significant investment marks an important…

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Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

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5 things to be aware of before investing in a new cryptocurrency

    As the blockchain and crypto space continues to grow and thrive, the industry has become increasingly mainstream and piqued the interest of many first-time investors. As the industry is still very much in its nascent stages, people getting involved with cryptocurrency investing often have little to no knowledge of the space and the challenges involved.   Although the industry holds so much potential and there are many exciting projects emerging on an almost daily basis, on the flipside, there is also a large number of projects that won’t…

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Swiss Bourse to launch Crypto Exchange this year

  The News that SIX, owner and operator of the Swiss stock exchange is launching its own fully-regulated cryptocurrency platform is very positive and indicative that cryptocurrency has its place in the new digital economy.       Even though the cryptocurrency market has shown much volatility in 2018, the market cap is significantly up from a year ago.  As SIX CEO Jos Dijsselhos said “It is abundantly clear that much of what is going on in the digital space is here to stay”   Off the back of this…

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European Banks Finally Use Blockchain – European Tech Experts React

  The news broke that a group of European banks has completed the first live blockchain-based financial trades across borders via their jointly developed we.trade blockchain platform.   Built on IBM’s Blockchain Platform and its Hyperledger Fabric technology, we.trade was established by Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit, in a bid to boost the efficiency of cross-border financial transactions.   This latest development evoked comment from leading projects leaders within the blockchain and cryptocurrency space, a number of which have already launched blockchain education…

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Codex Protocol Announces New Ecosystem Members Providing Services To Fine Arts Industry

  Partners to utilize and contribute to provenance on Codex Record   New York, NY – Codex Protocol, a leading decentralized title registry for the $2 trillion arts & collectibles (A&C) asset class, has announced key partners joining the Codex Ecosystem — a group of major A&C stakeholders spanning the complete spectrum of all industry partners, including collectors, auctioneers, dealers, museums, and other organizations vetted by existing members. New partners include Heffel Fine Art Auction House, Feral Horses, Luxury Asset Capital, ValueMyStuff, Dust, and The Clarion List. Through interactions with…

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PwC Strategy& Collaborates with Crypto Valley Association to Produce Second Quarterly Global ICO Report

    Report highlights maturation of the global ICO marketplace; New jurisdictions seek to emulate the success of traditionally ICO-friendly hubs such as Switzerland     Zug, Switzerland, June 28, 2018 — Strategy&, PwC’s strategy and consulting division, in collaboration with the Crypto Valley Association (CVA), a not-for-profit established to foster the growth of the blockchain ecosystem in Switzerland, have launched the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market.   The report, the second in its series, provides a comprehensive overview of…

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Industry experts weigh in on Facebook crypto ad ban reversal

  Facebook have announced that they will be reversing their crypto advertising ban, however, the ban has not been lifted for ICO’s, otherwise known as Initial Coin Offerings.     A number of blockchain and crypto industry’s most renowned experts have weighed in on this announcement and the initial Facebook blanket ban on crypto ads a “poor approach” to new ideas.    Iqbal Gandham, UK Managing Director at eToro, global investment platform said “We have always advocated for a more sophisticated approach to cryptocurrency advertising, as we believe legitimate providers shouldn’t be…

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