Companies that use blockchain technologies continue to receive regular investments from outside investors. For instance, blockchain service provider Paxos received $65 million in investments. Cloud-based supply chain firm Tradeshift received $250 million from a recent funding round that included Goldman Sachs. Now a Singapore-based company has secured a large amount…
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Singaporean Multi-millionaire Cheng Buys BitTrade for Over $67 Million
BitTrade, the Japanese crypto exchange, has been bought for over $67 million by Singaporean multi-millionaire and entrepreneur, Mr. Eric Cheng. According to Asia One, he will be taking 100 percent of the shares in BitTrade Co., Ltd, one of the few crypto exchanges to ever receive a license from Japan's…
Regulated Guidelines Are Making the Future of Cryptocurrencies More Prevalent
The exchange market surrounding cryptocurrencies is becoming more and more prevalent in our current economy, and this has naturally drawn different regulating bodies within the US to prepare necessary guidelines. Each body views cryptocurrencies as a different form of asset such as: properties, commodities, and securities. Each department has a…
When Will Cryptocurrency Markets Rebound From Recent Downturn And Head Upward?
Cryptocurrencies appeared to find a floor toward the end of May. The tumultuous month saw the market shedding value day after day. Recently, total market value crawled back to $330 billion, although that number hovered above and below that figure at times. Many analysts believe the downturn is coming to…
Bitcoin and Pizza: A Story of Wealth Creation
Do you know what two pizzas from Papa Johns, purchased with Bitcoin several years ago, would be worth today? How about $73,350,000? That's what the 10,000 Bitcoin Laszlo Hanyecz spent on two pizzas in 2010 are currently worth. Hanyecz became Internet famous as the first person to…
How Bitcoin Pizza Day Has Lead to This Currency Revolution
Laszlo Hanyecz purchased two pizzas from Papa Johns on May 22, 2010. While that sounds uneventful, he paid for the pizzas using 10,000 Bitcoin. Technically, Hanyecz used a middleman to complete the transaction, but Bitcoin still led to a pizza delivery. May 22 has been known as Bitcoin Pizza…