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Category: Cryptocurrency

Floyd Mayweather-backed Centra Tech ICO founders indicted for fraud

32c56fbf32db42b58a1d7c66faa49e0d 150x150 - Floyd Mayweather-backed Centra Tech ICO founders indicted for fraud

The founders of Centra Tech, a company that raised a $32 million ICO, have been indicted for wire fraud and securities fraud, charges that could lead to a minimum of five years in jail. The founders, Raymond Trapani, Sohrab Sharma, and Robert Farkas, were found guilty of trying to defraud investors with their ICO. The […]

Coinbase’s first investment, Compound, earns you interest on crypto

compound interest cryptocurrency1 150x150 - Coinbase’s first investment, Compound, earns you interest on crypto

Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate. Most cryptocurrency is shoved in a wallet or metaphorically hidden under a mattress, failing to generate interest the way traditionally banked assets do. But Compound wants to create liquid money markets for cryptocurrency by algorithmically setting interest rates, and letting you […]

Circle raises $110 million (or 13,300 BTC)

circle 99 high st mural 150x150 - Circle raises $110 million (or 13,300 BTC)

Cryptocurrency startup Circle has raised a $110 million funding round, which values the company near $3 billion. Cryptocurrency mining company Bitmain is leading the round. Existing investors IDG Capital, Breyer Capital, General Catalyst, Accel, Digital Currency Group and Pantera are investing more money. Blockchain Capital and Tusk Ventures are investing in Circle for the first […]

Coinbase goes after Wall Street with new services for institutional investors

gettyimages 917474098 150x150 - Coinbase goes after Wall Street with new services for institutional investors

Coinbase is courting Wall Street after it announced plans to launch a range of new services aimed at institutional investors, who are finally beginning to embrace crypto. The move makes sense. Coinbase is positioning itself as the go-to in the crypto ecosystem — something reiterated recently by new CTO Balaji Srinivasan — and beyond being a […]

Veridium Labs teams with IBM and Stellar on carbon credit blockchain

gettyimages 495112746 150x150 - Veridium Labs teams with IBM and Stellar on carbon credit blockchain

Veridium Labs has been trying to solve a hard problem about how to trade carbon offset credits in an open market. The trouble is that more complex credits don’t have a simple value like a stock, and there hasn’t been a formula to determine their individual value. That has made accounting for them and selling […]

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