Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion

Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for ExpansionOn May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN) project and Flipstarter.cash. The BCH community […]

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SLP Token Fuels Scooter Rental Business in Taiwan, Investors to Get Their Dividends in BCH

SLP Token Fuels Scooter Rental Business in Taiwan, Investors to Get Their Dividends in BCHA company running a small scooter rental service in Taipei, Taiwan’s capital city, has minted an SLP token on the Bitcoin Cash network to support its business and to attract investors and customers. The company issues its own cryptocurrency, a Simple Ledger Protocol (SLP) token. SLP is a token-based protocol built on top of the […]

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP InvestorsA court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with its defense team insisting the lawsuit […]

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Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List

Bitcoin Rich: 6 Crypto Entrepreneurs Made the 2020 Hurun Billionaire ListOn Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through cryptocurrency investments. Also read: Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted […]

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Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers

Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of CustomersWells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money from millions of customer accounts to unauthorized accounts, and misusing customers’ sensitive […]

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Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March

Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into MarchThe European Commission is gathering feedback from EU citizens, businesses, regulators and other interested parties to establish a regulatory framework for crypto assets and markets on a European level. The public consultation which started in December will continue until March 19, 2020, with the finalized proposal expected in the third quarter. Also read: Swiss Financial […]

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Fear Grips Stock Market Traders While Cryptocurrency Investors Become Greedy

Fear Grips Stock Market Traders While Cryptocurrency Investors Become GreedyThe clash of two emotions, fear and greed, is said to determine investors’ sentiment. This ratio draws a historical picture of the market and it’s also an indicator of its future state. As an established trend, traditional investments such as stocks and digital assets like cryptocurrencies often move in opposite directions. The beginning of 2020 […]

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China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of EpidemicChina’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]

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Turkey Prepares to Increase Oversight in the Crypto Space

Turkey Prepares to Increase Oversight in the Crypto SpaceTurkish authorities, alarmed by the spread of cryptocurrencies in the country, are reportedly ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision in 2020 because of the growing popularity of decentralized crypto assets among Turks. Also read: Uzbekistan Bans Citizens From Buying Crypto, […]

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Telegram Rejects SEC Request to Hand Over Bank Records for TON

Telegram Rejects SEC Request to Hand Over Bank Records for TONTelegram Group, the company behind the TON blockchain project, has reportedly refused to share information with the SEC showing how much it spent of the $1.7 billion raised from investors in the past couple of years and where. In a recent court filing, the securities regulator alleges that Telegram has declined to provide bank records […]

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