The city of Dubai has plans to launch its own digital currency. Emcash will be rolled out in the coming years and is being made possible by a state-backed firm called emcredit. Emcash to be Launched Later This Year, Pending Full Approval Those living in Dubai will soon be able to make payments for a…
2018 has been a rocky year for Ethereum. The virtual currency’s price crossed $1400 in January, and it bottomed below $170 in September. Despite the significant price plunge, Ethereum continues to remain popular among developers, as it can be witnessed from the participation drawn by a hackathon in San Francisco. It was revealed that 1,000…
Crypto industry has received an unusual amount of funding this year from investors. And a prominent venture capital investor thinks it is a big deal. Garry Tan, an early stage investor with companies like Coinbase and Instacart in his portfolio, commented on the growing amount of institutional money that is flowing into crypto-funds. He stated that he…
Blockchain and cryptocurrency, although long posing a promising digital solution to many of the issues associated with archaic monetary and digital systems, may soon be growing out of its “Lambo” and “Crypto Bro Club” phase as the technologies see greater mainstream adoption rates. The recent blockchain week in San Francisco points to the fact that…
It has emerged that one of the planet’s most respected endowment managers has taken up positions in the cryptocurrency space. David Swensen has managed Yale University’s almost $30 billion endowment fund since the mid-eighties, earning him great esteem as an investor. Yale’s “Warren Buffett” Investing in Cryptocurrency More institutional money continues to trickle into cryptocurrency.…
A list describing the price trend of top cryptocurrencies in 2018 revealed EOS had the least bearish drop in 2018. According to the document, EOS depreciated by 23.4 percent against the US Dollar by the end of Q3 2018. It imposed less losses on its investors compared to other top cryptocurrencies, which include Bitcoin, Litecoin,…
The Mayor of Seoul has unveiled plans that will further promote blockchain industries. His plans include a 100 billion won fund, as well as a large blockchain complex that will house over 200 companies. Expanding the Blockchain Industry Park Won-soon, Seoul’s acting Mayor rolled out the plans that aim to increase blockchain exposure and development.…
Binance had to move its headquarters from China to Japan in the wake of the PBoC’s crackdown against local cryptocurrency firms. But that didn’t discourage it from becoming the world’s leading cryptocurrency exchange. The company is now making waves in Australia as it invests USD$2.5 million into a local blockchain startup. A report from Business Insider confirmed…
The second and the final day of Ripple’s Swell conference maintained the excitement of the previous day. The San Francisco event, which on the first day saw former US President Bill Clinton taking the stage to speak about crypto revolution, and the launch of Ripple’s much-awaited xRipple cross-border payment service, shifted its focus to blockchain…
A team of researchers from Oxford are aiming to open the world’s first blockchain university later this year – called Woolf University, that will utilize blockchain tech to provide students with a one-on-one education that is cheaper than typical universities. The main draw of the new university for students will be the lower-than-average cost that…