Medici Ventures, which is a venture capital firm owned by Internet retailer Overstock.com, has announced that they have made an investment in a decentralized social media company called Minds.com. Minds.com began in 2011, and it differentiates itself from other social media companies in that it rewards user…
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99Crypto
Four Companies Make Recent Headlines With Cryptocurrency Trades and Exchanges
Here are the 4 most important cryptocurrency-related stories of the week: Fidelity Investment Adds Digital Assets Service U.S.-based Fidelity Investments announced the launch of Fidelity Digital Asset Services, which will provide institutional investors with trading and custodial services relating to digital assets. In its announcement, the financial giant…
Top Cryptocurrencies Remain Stable: Here's What You Need To Know.
The prices of leading cryptocurrencies have remained stable, with most digital currencies experiencing less than 2% changes. Bitcoin is currently trading at $6,473, which represents a negligible change from the day before. On October 17, it briefly rose to $6,965 — which corresponded with Tether's fall — but…
Gates Foundation Supports Tech Development for the Unbanked
The Bill and Melinda Gates Foundation, which is a charitable organization launched by the legendary Microsoft founder and his wife, is reportedly helping Ripple Labs develop its Interledger Protocol in cooperation with a digital payments company called Coil. Miller Abel, who is the foundation's Chief Technologist and its…
US Trade Policy Impacts Cryptocurrency Miners
New U.S. tariffs on Chinese goods could have a major effect on China's leading producers of cryptocurrency mining hardware. These companies include Bitmain, Ebang and Canaan. This past summer, the U.S. government — under the direction of President Donald Trump — dramatically increased tariffs on in excess of…
Bitfinex Moves Banking Operation to New Provider
Bitfinex, which is a cryptocurrency exchange that has had more than its share of banking troubles in recent years, has switched its banking operations to a Hong Kong-based bank called the Bank of Communications. Founded in 2012 and based in Hong Kong, Bitfinex is at the moment the 4th biggest…