Lightspeed Venture Partners, which is a venture capital firm that was an early investor in Snap, Inc., announced that they have raised $1.8 billion in capital. They plan to invest this money in a wide range of startups that include everything from beauty supply companies to cryptocurrency-related businesses. The…
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99Crypto
The European Union Has Tempered Enthusiasm for Digital Ledger Technology
The EU continues to make efforts to come to grips with distributed ledger technology. DLT, more commonly referred to as blockchain technology, and its risks to the European financial industry are the subjects of a new report published by the European Banking Authority. The report was released on July 3.…
Bitcoin Will Eventually Be Regulated Out of Existence, Top Economists Say
As the European Parliament and the Bank of Finland release studies on cryptocurrency, three top American economists weigh in on the subject of Bitcoin. In an interview with Financial News, Joseph Stiglitz, Nouriel Roubini and Kenneth Rogoff unanimously cast doubt on the future of cryptocurrency, claiming it will inevitably be…
European Parliament, Bank of Finland Release Conflicting Analyses on Cryptocurrency
Two reports released this week by the European Parliament and the Bank of Finland have demonstrated the drastically different views of cryptocurrencies held by the European Union as a whole and by some of its member nations. The report issued by the European Parliament took a more optimistic view of…
Cryptocurrency: Recent Market Statistics and the Stories Behind Them
July 2018 has seen Bitcoin and other cryptocurrencies continue to make small gains. Investors seem to be measuring these gains with a mixture of patience and optimism as overall trading declined over the 4th of July holiday in the US. For the week ending July 7th, Bitcoin was holding steady…
Philippines Central Bank Accredits Two New Cryptocurrency Exchanges
In the Philippines, two new cryptocurrency applications were approved on July 6, 2018. These exchanges are ETranss and Virtual Currency Philippines Inc. According to the deputy governor of Bangko Sentral ng Philipins (BSP), these two new platforms have been endorsed to transform the country’s regular pesos into virtual cash.…