CashBet is trying to raise the profile of its ICO through a sponsorship deal with Arsenal FC. News hit press out of the UK this week that Arsenal Football Club has signed an agreement with a blockchain technology company. An Alternative Route To ICO Promotion The company in question is CashBet, which is gearing up towards an initial coin offering (ICO) that is set up to raise the funds that the company requires to develop the “only mobile-first platform for real-money, social, and skill-based interactive gaming.” The deal will see…
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TD Ameritrade CEO Says Young Investors Focused on Cryptocurrencies and Pot
This week Tim Hockey the chief executive officer of the large brokerage firm, TD Ameritrade, revealed that his company is seeing a “huge uptick” in investments from millennials tied to cryptocurrencies and cannabis. Also read: The Marketing Ploys of Clones: Another Project Aims to Create a ‘Perfect Bitcoin’ Millennials Are Investing a Great Deal In Cannabis and Cryptocurrency Millenials are now the biggest investor demographic in the world, and according to the stock brokerage firm TD Ameritrade this group is investing heavily in cryptocurrency and reefer-related businesses with tradable shares. Just…
Read More3,000 Metric Tons of Wheat Was Recently Traded for Bitcoin
Cryptocurrencies are slowly becoming mainstream when it comes to settlement for all kinds of goods and services. Just recently the first known freight consignment was settled in bitcoin as the deal consisted of 3,000 tons of wheat from Rostov that was sent to Turkey. Also Read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws” Bitcoin Used In the Freight Industry Last month bitcoin was used in a freight deal sent from Russia to Turkey, according to a firm called Prime Shipping Foundation (PSF). The settlement was part of…
Read MoreBitcoin Gets A C+: Weiss Cryptocurrency Ratings Fall Short Of The Mark
International ratings agency Weiss has failed to impress with its new cryptocurrency verdicts after giving Bitcoin a ‘C+.’ Weiss Goes Back To Basics In a move which was highly anticipated in financial circles, Weiss, which has offered independent ratings since 1971, appeared to offer little insight into cryptocurrencies’ value in the minds of users. Its scores are reportedly calculated using “thousands of data points on each coin’s technology, usage, and trading patterns.” For Bitcoin, Weiss delivered the following verdict: Bitcoin (rated C+) gets excellent scores for security and widespread adoption.…
Read MoreHYCM Launches Bitcoin Cash CFD Trading
HYCM, of the Henyep Capital Markets Group, has announced its launch of a contract-for-difference (CFD) for Bitcoin Cash paired against the US dollar. The introduction of BCH/USD trading brings the total number of cryptocurrency pairings offered by the Hong Kong-based broker to five, with HYCM simultaneously introducing a pairing for XRP/USD. Also Read: Coinbase to Reopen the GDAX Bitcoin Cash-Euro Order Book HYCM Launches Bitcoin Cash CFD Citing Client Demand Hong Kong-based provider of forex and CFD trading services, HYCM, recently announced that it has launched a CFD pairing Bitcoin Cash…
Read MoreEstimate: Crypto Investments in Russia Reached $200 Million Last Year
Cryptocurrency investments in Russian startups have increased 10 times in 2017 when entrepreneurs set in motion more than 100 crypto-funded projects, according to a new estimate. Ordinary working people, however, remain wary. Only 8% of them would like to see their salaries paid partially in crypto. Nevertheless, Russians are optimistic about bitcoin and most of them predict it will be priced higher a month from now. Also read: New Research: 10% of Funds Raised in ICOs Lost or Stolen Growth Dynamics: $20 Million to $200 Million Nеw companies in Russia…
Read MoreBonanza or Bubble? Insulate Yourself From Bitcoin Price Volatility
As Bitcoin (BTC) continues to languish far below its December high of around $20,000, speculation is rife as to whether this is the sound of the bubble bursting. The incredible recent volatility in BTC prices has in no way diminished the interest of investors, who are pondering what 2018 has in store for the world’s most popular cryptocurrency. Can it repeat 2017’s astonishing return? Are recent price swings based on the cryptocurrency’s actual utility and value? Or are they, rather, the result of speculators jumping in and out for quick…
Read MoreNasdaq-Issued Bitcoin Futures Contracts May Comprise “Investment” Rather Than “Tracking Stock”
The chief executive officer of Nasdaq, Adena Friedman, has discussed the company’s position with regards to the potential bitcoin futures contracts it has previously expressed interest in offering. Although Mrs. Friedman was unable to affirm that the company is definitely planning on launching bitcoin futures contracts, the CEO emphasized Nasdaq’s desire to offer a product differing from the futures offered by CBOE and CME – should the company launch said contracts in the future. Also Read: South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks Mrs. Friedman Confirmed That Nasdaq…
Read MoreNew Weiss Ratings for Cryptocurrencies Award No “A”s and Score Bitcoin a C+
Financial ratings agency Weiss has just released its much-hyped cryptocurrency review. The eagerly-anticipated report rates 74 of the most popular cryptocurrencies on the market, scoring them from A to D. Such was the level of interest in the report, the company’s website was knocked offline as interest peaked on Wednesday morning. Weiss Ratings include some controversial scores for currencies such as bitcoin and ethereum that are sure to spark debate. Also read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws” Crypto’s Award Season Arrives Independent ratings agency Weiss…
Read MoreRapper 50 Cent Has Millions in Bitcoin
Rapper 50 Cent reportedly found out he has millions of dollars worth of bitcoin from long-ago album sales. Nearly 700 bitcoin were paid in return for a 2014 release, and was promptly forgotten. Four years later, the world’s most popular cryptocurrency is hovering around 11,000 USD per coin, which would net the artist a cool 7.7 million USD. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” 50 Cent a Bitcoin Baller “I’m a keep it real I forgot I did that shit. Lol,” Rapper 50 Cent commented…
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