Markets News

Economists Explore Bitcoin’s ‘Equilibrium Price’ in New Paper

5 days ago admin2 0
Two economists have developed a model for pricing bitcoin and other assets in decentralized financial networks. Emiliano Pagnotta and Andrea Buraschi, professors of finance at Imperial College Business School in London, have proposed a theoretical structure for networks based on proof of work, which include bitcoin and ethereum. Their paper is dated March 21 of this Read More

WPP is $1 billion poorer without Martin Sorrell

5 days ago admin2 0
When a CEO leaves a company, it tends to boost their ego if the company’s share price falls as a result. Martin Sorrell, the founder of advertising behemoth WPP, resigned over the weekend and on Monday morning the group’s stock dropped by more than 5%, wiping out some £750 million ($1.1 billion) in market value. Read More

Shot Taiwanese Bitcoin Miner Blames Trading Crackdown in China

5 days ago admin2 0
The regulatory crackdown on bitcoin trading in mainland China has reportedly led to a bitcoin miner in Taiwan being shot by local gangsters. According to a report from Taiwanese news source Liberty Times, the incident occurred on Saturday night, local time, when two local gangsters had scheduled to meet a bitcoin miner with whom they had Read More

Vlad Zamfir Opposes an Ethereum Hard Cap (EIP 960)

6 days ago admin2 0
On April 1st, 2018, Ethereum founder Vitalik Buterin announced a proposal that he now terms a “meta-joke”. In a surprise, Ethereum improvement proposal (EIP) Buterin suggested a hard cap for currently uncapped Ether (ETH) of 120 million coins. “In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, Read More

A salmonella recall is affecting 207 million eggs across the US

6 days ago admin2 0
A recall of 206,749,248 eggs has occurred in the US, following 22 reports of illness linked to salmonella contamination. The eggs were distrubuted to stores and restaurants in Colorado, Florida, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia. The US Food & Drug Administration has a full list here (including Read More

Mayor of Cash-Strapped Louisiana City Pitches ICO

6 days ago admin2 0
Joel Robideaux, the mayor-president of the Louisiana city and parish of Lafayette, urged local residents on Thursday to consider launching an initial coin offering (ICO). Lafayette parish is in dire financial straits, officials say. A presentation given by the town in March stressed that property tax revenues are insufficient and that a fund used to finance operations Read More

FPT and Factom Announce Global Partnership

6 days ago admin2 0
FPT Software, one of the largest Vietnamese IT companies, and Factom, a Texas-based blockchain-as-a-service company, have announced a strategic partnership.  Blockchain-as-a-service (BaaS) refers to any product that utilizes distributed ledger technology for a specific use case, such as storing data.  FPT Software hopes to integrate blockchain technology to enhance their Digital and Product Engineering.   Read More

Germany’s No. 2 Stock Exchange Unveils Crypto Trading App

1 week ago admin2 0
The fintech arm of Germany’s second-largest stock exchange is set to launch a cryptocurrency trading app later this year. Sowa Labs, a subsidiary of Börse Stuttgart, unveiled the app on Friday, which it said would be available for use in September and will initially offer trading support for bitcoin, ether, XRP and litecoin. According to the Read More