Inveniam Is Tokenizing Miami’s WeWork Building — But Is It Still Too Soon?

Inveniam is tokenizing real estate — but is the world really ready for this?  Read enough cryptocurrency news sites and it won’t be too long before you hear about tokenization of real-world assets. However, like most things blockchain, that remains purely hypothetical. It doesn’t express itself in the form of an open real estate auction tokenizing Miami’s WeWork building. Inveniam Capital Partners is looking to raise some $270 million for four different projects. These include the WeWork building and luxury apartment development on Florida’s Gulf Coast. There’s nothing unusual about…

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Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash

On March 11, the creators of the Freelanceforcoins platform announced the launch of a new crowdsourcing market called Taskopus. The standalone application is similar to Amazon’s Mechanical Turk marketplace but anyone can participate, payouts are near instantaneous and bitcoin cash (BCH) is used for settlement due to the chain’s low network fees. Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Meet Taskopus, the Mturk Alternative News.Bitcoin.com recently reported on the newly created Freelanceforcoins. This Monday the lead developer of the platform announced a new alternative to Amazon’s Mechanical…

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Paul Brody: Bitcoin Has No Practical Use

Paul R. Brody, the Global Blockchain Innovation Chief at Ernst and Young (EY), says he sees no practical application for Bitcoin and other cryptocurrencies. This statement comes amid a growing rate of adoption of virtual currencies in both developed and developing nations.  Tokenized Fiat (Not Bitcoin) is The Future of Money Speaking to Forbes India, Brody opined that he hardly sees any practical application for Bitcoin (BTC) or any of the other over 2,000 cryptocurrencies currently in existence. According to the EY executive, crypto-fiat and not Bitcoin is the future…

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Invesco Blockchain ETF Trading Commences on London Stock Exchange

Invesco, an American investment management company that is traded on the S&P 500, has launched an exchange-traded fund (ETF) targeting companies operating in the distributed ledger technology sector. The blockchain ETF will track nearly 50 companies that stand to benefit from growth in the distributed ledger technology industry including Taiwan Semiconductor Manufacturing Company and Apple. Also Read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Invesco Launches Blockchain ETF The Invesco Elwood Global Blockchain UCITS ETF commenced trading on the London Stock Exchange on Monday, March 11. The index is…

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SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities

On March 12, the cryptocurrency and blockchain legislative advocacy group Coincenter published correspondence between the Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd. The letter explains that Clayton and the SEC’s staff analysis confirms that Ethereum and similar cryptocurrencies are not subject to securities laws. Also read: Cointext Adds the Ability to Pay Bitpay Invoices Using SMS SEC Chairman Jay Clayton Agrees That Certain Cryptocurrencies Are Not Securities It seems the SEC chairman Jay Clayton agrees with the agency’s head of the Division of Corporate Finance,…

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Barclays: Facebook’s Cryptocurrency Could Generate $19 Billion in Additional Revenue by 2021

British multinational investment bank Barclays sees some serious upside for social media giant Facebook’s cryptocurrency. The bank forecasts a whopping $19 billion in additional revenue from this initiative, alone.  Barclays Bullish on ‘FaceCoin’ Ross Sandler, an internet analyst at Barclays, said in a note to clients on Monday that Facebook’s reported cryptocurrency could generate as much as $19 billion in additional revenue by 2021. As Bitcoinist reported in late 2018, the social media mogul is reportedly working on a stablecoin to allow WhatsApp users to transfer money. The company’s initial focus is…

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Up & Down: Large Volume for Today’s Gainers, ENJ and COSM Among Losers

In today’s market action, several of the day’s top 20 gainers have seen eight-figure trade volume over the last 24 hours including GRS, VIA, DMT, and CVC. When looking at the worst performing markets, ENJ and COSM command the largest volume of the day’s top losers. Also Read: Old School Altcoins Can’t Stop Popping High Volume Coins Among Top Gaining Markets A number of altcoins have ranked among the day’s top gainers with substantial volume, comprising a departure from the dominance of low liquidity crypto assets that has characterized the…

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Active Development for Most Bitcoin Forks Evaporates

A report published by Electric Capital has estimated that the number of developers working on public cryptocurrencies has doubled since January 2018. The research found that Ethereum has the largest development team of all established crypto assets, with 216 developers contributing to its codebase each month on average. Also Read: EY Executive Says Bitcoin Has No Practical Use in India Report Studies Active Monthly Development Across 3,000 Crypto Assets The report’s authors indexed more than 21,000 code repos, analyzed 16 million commits, and examined 130,000 developers across approximately 3,000 crypto…

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Blockstream Releases ‘Friendly’ Liquid Sidechain Wallet For End Users

Bitcoin infrastructure developer Blockstream has rolled out a user-geared wallet for its Liquid sidechain asset, Liquid Bitcoin (L-BTC), the company confirmed on March 11.  Liquid Core Goes Live Liquid Core, which Blockstream describes as a “friendly alternative” for controlling L-BTC funds and executing other operations, went live on Github Monday. “Liquid Core gives traders the tools to deposit and withdraw L-BTC from supporting exchanges, while also allowing them to transact between each other without the need of an intermediary,” an accompanying blog post reads. The move comes around five months…

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In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

In this edition of The Daily we cover a funding round by a Swiss startup that lists crypto instruments on the SIX exchange, an expansion of the Coinsource ATM network using a new business practice, and a new feature added to the Etoro wallet. Also Read: Online Bank Swissquote to Add Crypto Custodial Services Amun Raises $4 Million in Initial Funding Round Swiss crypto asset investments startup Amun AG has announced it has completed its first funding round. The round raised $4 million for Amun, and brought on board a…

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