Posts Tagged
‘Venture Capital’

Giant Network Chairman Shi Yuzhu has invested tens of millions of dollars in cryptocurrency trading platform OkCoin, according to local media reports citing unidentified people familiar with the matter. According to local media sources, the investment was widely anticipated. According to Bloomberg, it’s unclear whether the investment took place before or after China halted domestic […]

Last month, we reported that the world’s largest ICO was imploding after just three months as its developers admitted they wouldn’t be able to deliver the tokens purchased during a $230 million July ‘presale’ by the end of the year, as they had promised, causing an understandable furor among its investors. Now, in the latest […]

Fintech, blockchain and A. I. are revolutionising the banking industry and have the potential to replace a significant percentage of the human capital, eliminating a chunk of their cost bases. Last month, former Citi CEO, Vikram Pandit, was particularly pessimistic, claiming that 30% of jobs could be lost in the next five years. *** As […]

Earlier today the government of China banned ICOs – initial coin offerings. We talked about ICOs last week – it’s the latest application of cryptofinance technology for companies to raise capital without having to rely on traditional methods like banks, brokers, and venture capital firms. Through an ICO, any company can raise money by selling […]

Something odd is going on in the cryptocurrency world of Ethereum each time a North Korean headline hits the tape… The price of the cryptocurrency/platform Ethereum has soared in the last two weeks from under $180 to over $300 – massively outperforming its peers. At the same time South Korea’s KOSPI has fallen just 3.5% […]

Aug 09, 2017

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by: admin

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Tags: Bitcoin, Crypto, Ethereum, Money, North Korea, South Korea, Venture Capital

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Categories: Economy

Two weeks ago, in our latest comparison of Bitcoin and its up and coming competitor, Ethereum, we said “step aside bitcoin, there is a new blockchain kid in town.” Actually, we said that for the first time back in February when Ethereum was still trading in the low teens (the return on ETH since then […]

Jun 12, 2017

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by: admin

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Tags: Bitcoin, Blockchain, Crypto, Ethereum, Venture Capital, Vladimir Putin

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Categories: Economy

Few business communities swing from boom to bust as reliably as Silicon Valley, but detecting shifts in this opaque world can be challenging. To help illuminate the field, Bloomberg created the U. S. Startups Barometer, a new weekly indicator that tracks the overall health of the business environment for private technology companies based in the […]

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