Seminal Token Economy Conference, Token Summit III Sells Out Upon Its Return to NYC

Prominent line-up of speakers will discuss most effective ways to build sustainable blockchain businesses   New York, NY – May 11, 2018 – Following the success of Token Summit II in San Francisco last December, the bi-annual event will return for its third edition in New York City on May 16-17, 2018. Organized and hosted by blockchain author and investor, William Mougayar, and 1confirmation founder, Nick Tomaino, Token Summit III will be held at one of New York City’s most prominent event spaces, Basketball City at Pier 36.   The…

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Cryptocurrency Exchanges demand up to $3 million to list ICO tokens

Cryptocurrency exchanges are sitting in the “pound seats” so to say as they are now charging huge listing fees to ICO’s. According to a report by Bitcoin.com and Autonomous,  to list an ICO on well-known cryptocurrency exchanges can cost anywhere between $1 – $3 million.  With these astronomical listing fees, ICO’s could be over funding their projects just to cover these costs.   Interestingly to note, the fee on the Nasdaq Capital Market for a listing of up to 15 million shares costs $55,000, substantially lower than the charges touted…

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CryptoBridge and the Future of Digital Asset Trading

Follow my blog with Bloglovin Most of trading and interest the worldwide groundswell of interest in digital currency over the past year has been funneled through major exchanges like Coinbase, Gemini, and Kraken. These centralized exchanges have brought billions of dollars of value to blockchain projects and digital currencies. The growth has been exponential — over 3400% in 2017 alone and there are hundreds of them starting up everywhere.     However, these centralized exchanges are subject to hacking and a host of other problems regarding security and user privacy.…

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Decentralized vs Centralized Bitcoin Exchanges, Binance wants both

Binance has just announced that they plan to develop a public blockchain in order to create a new exchange.  This time, a decentralized exchange.     Taken from the Binance statement:- “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain…

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Stanford University’s Bitcoin Mafia

Bitcoin started a revolution that continues to change the financial world as we know it.  2013 was a rather interesting time for Bitcoin. Here are a few of the events that took place:-   Firstly, in February 2013 the bitcoin exchange Coinbase reported selling US$1 million worth of bitcoins in a single month – Bitcoin was around $22 at the time April 2013, payment processors BitInstant and Mt. Gox experienced processing delays due to insufficient capacity – a sure sign that demand for Bitcoin was increasing (Mt. Gox In a…

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Top Bitcoin Jobs go to Banking Cops

According to Bloomberg, top Wall Street enforcers, are getting top COP jobs in the new cryptocurrency world.  As the need for regulation is stepping up, more cryptocurrency and blockchain startups are looking for government authorities, prosecutors, security officials and even senior diplomats to join their ranks.       Ripple, a real-time gross settlement system (RTGS), currency exchange and remittance network added Ben Lawsky, a New York’s top financial watchdog, to its board.  Lawsky introduced BitLicience, which is a requirement for digital currency companies who want to operate in New…

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Coinbase will send details of 13k Customers to IRS

In what Coinbase calls a “partial, but still significant, victory, the company sent out an official notice on Friday, Feb 23 to about 13,000 customers that it is legally required to turn over their details to the US Internal Revenue Service (IRS).     The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 users in an attempt catch those cheating on their taxes. This number has now been reduced to around 14,000 “high-transacting” users.  …

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Robinhood shares Crypto Riches in 5 US States

Robinhood the mobile app stock trading provider has formally launched cryptocurrency trading, rolling the new service out to residents of California, Massachusetts, Missouri, Montana and New Hampshire.     Residents of these 5 state can now buy or sell Bitcoin and Ethereum using the new Robinhood Crypto platform. When announcing the new offering last month, Robinhood said the move was aimed to bring cryptocurrencies to a wider audience of investors, using a platform which “democratizes” trading by expanding the pool of possible investors through its mobile and web-based apps.  …

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Coinbase drains users Bank Accounts

It is being reported by CNBC and the Verge that Coinbase is erratically overcharging some users and emptying their bank accounts.     Complaints against Coinbase are mounting as Bitcoin trading increase and one user on Reddit posted that they purchased Bitcoin, Ether, and Litecoin for a total of $300 on February 9th.     The transactions repeated five times a few days later for a total of $1,500, even though the user had not made any more purchases. That was enough to clear out this user’s bank account, they…

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Forbes 2018 FinTech 50 – Blockchain Technology and Cryptocurrency Driving Financial Services Disruption

The Forbes FinTech 50 list for 2018 is out and no surprise that Blockchain technology and cryptocurrency business is driving Financial Services in the digital economy.  Payments, investing, lending and data & analytics being the top categories.         Company Name Location Category Funding Acorns Irvine, CA Investing, Personal Finance, Consumers $101 million Addepar Mountain View, CA Investing, Data & Analytics, Wall Street $215 million Adyen Amsterdam Consumers, Small Business, Payments $266 million Affirm San Francisco Consumers, Small Business, Payments, Lending $450 million Ayasdi Menlo Park, CA Data…

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