Urban, Author at 2100 NEWS

New Zealand Government Issues $330,000 Grant to Local Bitcoin Startup

November 1, 2018 0 0

Auckland-based cryptocurrency savings and trading platform Vimba has gotten a $330,000 grant from a government entity Callaghan Innovation. Lauding the largesse of the grantor, Vimba CEO Sam Blackmore commended Callaghan Innovation for its belief in the startup. “This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of […]

Crypto Exchanges are Raking in Billions in Revenue Despite Market Struggles

November 1, 2018 0 0

Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $1.3 billion in yearly revenue by the end of 2018. Binance, the go-to crypto exchange for digital asset traders, recorded a profit of $200 million in January, nearing that of Germany’s biggest financial institution Deutsche Bank. Upbit and Bithumb, two of […]

Brazilian Bitcoin Exchange Wins Standoff as Bank Reopens Account to Avoid Fines

October 31, 2018 0 0

Bitcoin Max, a Brazilian cryptocurrency exchange, has recently seen two banks in the country, Santander and Banco do Brasil, reopen its accounts following preliminary decisions made by Brazil’s Federal District Court. They reportedly reopened the exchange’s accounts to avoid paying fines. Banks Reopen Crypto Exchange Accounts According to local news outlet Portal do Bitcoin, failing to […]

Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993

October 31, 2018 0 0

Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the […]

Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report

October 31, 2018 0 0

Investment banking giant Goldman Sachs has quietly begun signing up a limited number of customers for its yet-to-launch bitcoin trading product. Citing a source familiar with the matter, The Block reports that the 149-year-old Bulge Bracket bank has onboarded a “small number of clients” to actively trade the derivative, a non-deliverable forward, which is a cash-settled product […]

Mainstream: ‘Big Four’ Auditor PwC Has 400 Crypto Specialists on Staff

October 30, 2018 0 0

The bigger the business or industry, the more financial services and specialization it requires. As the crypto industry grows up and more firms establish themselves, important services such as auditing and tax consultancy become increasingly necessary. Traditional auditing and consulting firms are answering the call by hiring crypto specialists in droves. According to an article […]

Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

October 30, 2018 0 0

Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies, local media sources have reported. Russia Wants Global Crypto Regulations The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy […]

Crypto Exchange OKEx Delists Over 30 Trading Pairs for Weak Volume

October 30, 2018 0 0

OKEx, the second largest crypto exchange by volume, has announced the delisting of more than 30 trading pairs including Ripio/ETH and Monetha/BTC. The exchange cited weak trading volume as the justification for the ejections. The delistings will not take effect until the 31st. Listing and delisting is a common practice among cryptocurrency exchanges, and, depending […]

US Blockchain Engineers Earning as Much as AI Specialists

October 29, 2018 0 0

The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$150,000 and US$175,000 making it comparable to what developers who specialize in another high-demand field, […]

Israel Has Over 200 Domestic Blockchain Startups: Industry Body

October 29, 2018 0 0

Israeli Blockchain Association, an organization whose primary objective is to educate, develop and empower Israel’s distributed ledger technology (DLT) community, encourage best practices and connect it with global leaders in the blockchain space, has released its third Israeli Blockchain Startup Map. According to a recent press release by the organization, there are now more than 200 blockchain-based businesses in Israel. […]