The bank reportedly accepted EOS’ tender offer back in April, closing the transaction on May 20 to realize a 123% return on its initial investment. Following the deal, Galaxy Digital’s investment in Block.One no longer represents a material investment position, the press release notes. Novogratz underscored that the deal does not indicate an end to the bank’s close relationship with Block.One. Galaxy Digital revealed it had posted a net loss of $272.7 million in 2018, ostensibly as the slump in cryptocurrency prices took its toll. As of November, the company had reported a loss of $136 million in the first three quarters of that year, pointing to an effectively doubling of its losses in the space of the last three months of 2018.Last year, Block.One had notably secured investments from billionaire PayPal co-founder Peter Thiel and crypto mining hardware billionaire Jihan Wu of Bitmain.
An earlier project for a blockchain-based currency settlement coin was unveiled by Swiss bank UBS Group AG and London-based technology startup Clearmatics at early as 2015, as Cointelegraph reported at the time.One of Reuters’ sources has said that the latest development involves around a dozen major banks investing in a new entity dubbed Finality, which could launch as early as 2020 — although the deal has purportedly not yet been finalized, so details could still change.
While the banks involved in the latest $50 million investment round have not been disclosed, Reuters notes that institutions involved previously in the UBS project included UBS, Banco Santander, Bank of New York Mellon Corp, State Street Corp, Credit Suisse Group AG, Barclays PLC, HSBC Holdings Plc and Deutsche Bank AG.
Marco Polo Network is a joint undertaking with tech firm TradeIX, enterprise software company R3, and other 20 international financial institutions. The initiative provides a multi-asset class platform that offers broker dealer services, multi currency transactions, including equities, options, futures, and other related services. In an official announcement, the company revealed that it was joined by financial services provider for the Bavarian and German economies, BayernLB, one of the leading banks in the German city of Frankfurt, Helaba, and the largest back office service provider within the Savings Banks Finance Group, S-Servicepartner. In March, Switzerland’s principal stock exchange, SIX Swiss Exchange, chose to use blockchain consortium R3’s Corda Enterprise platform for its blockchain-based digital exchange. In February, the Wall Street Blockchain Alliance joined blockchain consortium R3 to develop applications and solutions on their Corda platform.
Ripple is planning to upgrade the technology of the cryptocurrency: Ripple is the 3rd most valued cryptocurrency currently. It is planning on upgrading the technology behind the cryptocurrency. This is surely positive news for the ripple investors. Ripple launched a couple of new white papers recently. The 1st white paper highlighted the algorithm which is currently powering the platform. The 2nd White Paper highlighted the ways in which the connectivity between different nodes can be improved.
After a down period recently, Ripple’s value is starting to go up again. This may be your last chance to buy on the cheap! Experts agree upon the notion that, given the network’s popularity, well-built platform, worldwide investing interests and penetration in the media and mainstream society, Ripple is bound to grow in the short, medium, and long-term.
Coinbase, one of the Largest Cryptocurrency exchange and wallet claims that they have done Largest crypto Transflog up to date on Records around $5 Billion. According to blog post on 19-dec on there official website, 5% of all Bitcoin(BTC), 25% of all Litecoin(LTC), and 8% of all Ethereum(ETH) and also many other assets were moved to new cold storage infrastructure, in which the firm believes to be Largest crypto Migration on records.
the firm reports, that around $5 billion worth of cryptocurrency were Migrated from third generation cold storage infrastructure to fourth Generation cold storage infrastructure.
Coinbase believes that this new storage system of fourth generation cold storage infrastruture is highly secured & highly Controlled, so as to entrust and ensure safety of customers fund.
According to Bloomberg Reports on 20-Dec, Facebook is creating its own cryptocurrency for money Transfer for the Messaging Service ‘Whatsapp’. The Purpose of the Token will be for internal Money Transfers within the app, & it will Focus on Remittances Market in India. According to Bloomberg Facebook is trying to build Stablecoin, and according to further sources the coin will be not Released anytime soon, as Facebook is still working on the Project and strategy for custody assets.
the reason for focusing Indian Remittances Markets is because India Received $69 billion in Foreign Remittance in 2017 & 2.8% of the country’s GDP. Whatsapp has around 200 million user base in India and it has almost doubled from last year. so basically WhatsApp has huge fan following & Popularity in India & Facebook wants to grab this Opportunity
Major giant game company Named ‘Atari’ famous for its video games like Packman and Tetris announced that they will produce and publish blockchain version of two popular games “RollerCoaster Tycoon Touch” and “Goon Squad” globally, excluding China, Hong Kong, Taiwan, and Macau.
As previously reported, this February Atari saw its share price skyrocket by over 60 percent after announcing that it would be investing in cryptocurrency. This year, the firm also created its own digital currency, the Atari Token, and partnered with an online crypto casino.
With this new Blockchain Technology, a new era of Blockchain gaming has been started.
Blockstream, a blockchain development firm has introduced its 5th Satellite and has Expanded its Network to a wide range on Earth and Broadcasting Bitcoin Blockchain to all earths major masses. Blockstream is aiming in devloping Internet-Free Transactions and sharing informations to Crypto users. This satellite service is still in Beta mode, & until now available across africa, south & north america, Europe etc.
If the Blockstream Project comes into Implementation then, bitcoin users can do Transactions without Internet and Bitcoin blockchain will become highly Decentralised. This internet free transaction environment will enable users to avoid any kind of Government to peep in there Financial spendings or any Government interference
Coinbase is one of the Leading cryptocurrency exchanger and Wallet service has launched its new service of ‘Conversion’,which was notified to the community by Official statement on 17dec. The Customers will be now able to do conversion Between Bitcoin (BTC), Etherium (ETH), Etherium classic (ETC), Litecoin (LTC), Ox (ZRX), Bitcoin cash (BCH). Coinbase is Largest exchanger of USA and this new conversion service will be available on Official Website, Android & Ios platforms.
Previously Coinbase was Partnered with Paypal (Financial payment Giant) in 2016 and paypal was integrated in Coinbase wallet, at that time after selling Bitcoin, the Customers were made available to deposit there Funds directly to paypal. This Service was stopped/Terminated in Feb2018 due to Technical issues.
In addition to Conversion of Digital assets service, Coinbase aslo include Educational & Charitable initiatives.
EOS.io was launched in June 2018 as open-source software. It is a blockchain-powered smart contracts protocol for the development, hosting and execution of decentralized applications (DApps). Daniel Larimer and Brendan Blumer and their start up developed it. BPs earn EOS tokens produced by inflation. Top EOS BPs obtain around 1,000 tokens per day. They are elected through the constant voting process, and their number is capped at 21. The tokens can be staked for using network resources either for personal use or leased out for developer-use — basically, EOS.io attempts to represent a decentralized alternative to cloud hosting services.