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Ethereum-Based Chat Platform Lays Off 25% of Staff Due to Crypto Market Decline

Ethereum (ETH)-based chat platform Status is laying off 25 percent of its staff due to the recent cryptocurrency market decline, according to a post published Dec. 11. Founded in 2017 in Switzerland, Status is an open source Ethereum-based mobile app that enables its users to chat, transact, and access decentralized applications (DApps). In the announcement, Read more…

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Blockchain Incubator Binance Labs Releases First ‘Batch’ of Blockchain Projects

Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14. Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and Read more…

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25% of Pantera Capital ICO Projects May Have to Refund Investors

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge Read more…

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To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight

Billionaire Richard Branson appeared to cry tears of joy when his ‘Bitcoin-friendly’ Virgin Galactic reached the edge of space for the first time December 13. World Sees First Commercial Space Flight Branson, who revealed himself as a Bitcoin believer and investor in 2013, watched as SpaceShipTwo, the latest vehicle from the Virgin Galactic and The Read more…

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Stablecoin Project of Basis Confirms that it Is Shutting Down Due to Regulatory Hurdles

Just yesterday, the crypto and investor communities woke up to news that the highly anticipated stablecoin project of Basis was ceasing operations and returning a majority of its funds to investors. Backed by Bain Capital Ventures, GV, Andreessen Horowitz, Lightspeed Ventures, Stanley Druckenmiller, Polychain Capital and more, Basis was meant to utilize its one of a kind Read more…

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Russia Says Venezuela’s Petro Acceptance ‘Not Happening’

Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13. Petro, which the Venezuelan government hopes to use to shore up Read more…

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Germany’s 2nd Largest Stock Exchange to Launch a Crypto Exchange by Q2 2019

Germany’s Boerse Stuttgart Group, in collaboration with solarisBank, is developing the system for a crypto trading platform that is set to launch in the first half of 2019. According to the announcement by Boerse Stuttgurt Group, solarisBank will provide the exchange with the necessary banking services. Alexander Höptner, CEO of Boerse Stuttgart GmbH, had this Read more…

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XRP Architect, Ripple’s Schwartz Harrowed Over Crypto Adoption

XRP Architect David Schwartz: Crypto Adoption Shouldn’t Get Ahead Of The Tech In an interview with the Internet History Podcast, David Schwartz, a key player behind XRP and Ripple’s (the company) chief technology officer, painted a mildly harrowing picture for the adoption of cryptocurrencies. As cited by Forbes‘ Billy Bambrough, the supposed multi-millionaire, who is Read more…

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Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Buy’ Under $5K

Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be a good buy under $5,000 earlier this year.  ‘You Should Outlaw It’ The Chief Executive of Europe’s biggest asset manager Allianz Global Investors Andreas Utermann expressed his thoughts on the regulation of digital assets, Read more…