Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

Advertisement Nanjing, Jiangsu’s capital, is committed to investing in public blockchain projects and overall token economy. The capital of this Chinese province put together a 10 billion yuan ($1.5 billion) fund in a blockchain investment fund. A Beijing-based alliance, Zhongguancun Blockchain Industry Alliance, is teaming up with Nanjing City to launch this blockchain investment fund…

Asian Asset Management Firm to Launch Crypto Custody for Family Offices

Asian Asset Management Firm to Launch Crypto Custody for Family Offices

Advertisement Asian asset management firm Fusang Investment Office is set to launch a crypto asset custody service called Fusang Vault in Hong Kong. The firm, which usually focuses its operations on private family offices in Hong Kong, Singapore and Malaysia, credits heightened interest in cryptocurrencies from high-net-worth individuals and institutional clients for the move. Crypto…

Cryptocurrency Fraud Now Second Most Common Investment Scam in Australia

Cryptocurrency Fraud Now Second Most Common Investment Scam in Australia

Advertisement Australia’s national consumer watchdog has warned that cryptocurrency trading scams have grown ‘significantly’ over a 12-month period and are now the second most-common kind of investment scam in the country. An independent government authority tasked with the mandate of enforcing consumer protection laws with oversight into scam-related trends in Australia, the Australian Competition and…

Bitcoin Price Hits $7700 as Other Coins Remain Relatively Sluggish

Bitcoin Price Hits $7700 as Other Coins Remain Relatively Sluggish

Advertisement The Bitcoin price rose by nearly 5% overnight on Sunday to touch the $7700 level after having had a relatively quiet Sunday trading between the $7400 and $7500 mark. This unexplained boost could probably be due to more investors taking their money out of other crypto currencies and sliding them into the top cryptocurrency.…

Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts Bitcoin

Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts Bitcoin

Advertisement At the recent CNBC institutional investor Delivering Alpha Conference, Ken Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency. Griffin Has Always Been Very Clear in His Dislike of Bitcoin Back in December,…

Brazilian Bitcoiner Sees Passport Suspended after Slamming Tax Service

Brazilian Bitcoiner Sees Passport Suspended after Slamming Tax Service

Advertisement A popular Brazilian YouTuber has been prohibited from leaving the country after he slammed the country’s federal revenue service, the Receita Federal, in one of his videos. The YouTuber, Daniel Alves Fraga, is a well-known libertarian who first got into bitcoin in 2012. According to local news outlet Portal do Bitcoin, Fraga was hit…

Post-ICO Startup Survival Rate Just 44 Percent: Boston College Researchers

Post-ICO Startup Survival Rate Just 44 Percent: Boston College Researchers

Advertisement A new study released by the Boston College Carroll School of Management has placed the post-initial coin offering (ICO) survival rate of cryptocurrency startups at just 44 percent. Penned by Prof Leonard Kostovetsky and Hugo Benedetti, the study examined more than 4,000 ICOs that raised a total of $12 billion in capital between January 2017 and March…