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The Neo Foundation announced on March 25 that they have released the necessary funds to continue operating for the 2020 Fiscal Year (FY). A total of 1,660,865 NEO worth approximately $11 million was released, with 27,800,303 NEO ($190 million) still remaining.According to its blog post, the Neo whitepaper allows
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Sharing is caring!The world’s largest cryptocurrency exchange Binance has teamed up with their subsidiary exchange in India – WazirX, to announce a joint initiative $50 million (backed by BNB, BUSD, and WRX digital assets) “Blockchain for India” (BFI) fund to support the development and growth of blockchain startups in India. “Let’s
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Major crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019 — have announced a fund aimed at sustaining blockchain development in India.The “Blockchain for India” initiative was announced on March 16 and it is meant to promote the use and adoption of blockchain technologies
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Alternet Systems Inc (ALYI), an energy storage, military application, and electric motorcycle firm, has entered into a new partnership to launch a cryptocurrency dedicated to funding electric vehicle projects in Sub-Saharan Africa, according to a March 11 announcement.While Alternet did not name the company it has partnered with, Alternet
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The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit.In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days
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In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return in bitcoin, the company announced in a note to accredited investors. Blockforce is a seasoned ETF issuer which specializes in alternative investment vehicles for investors. In February of
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In a major privacy breach, the usernames and passwords of more than a quarter of a million Trident Crypto Fund customers have been stolen and published online.Technical director of cybersecurity firm DeviceLock Ashot Oganesyan told Russian news outlet IZ the database — which contains email addresses, cellphone numbers, encrypted
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In the midst of bitcoin’s explosive surge that took its prices above $9,000 per token, Mohit Sorout of Bitazu Capital reiterated his $13,000 price target of the cryptocurrency.The hedge fund manager tweeted a bitcoin chart that showed the cryptocurrency tailing the path of his bullish prediction from late February. He
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The crypto industry is taking aim at one of Wall Street’s oldest redoubts: investing in the $17 trillion market for U.S. Treasury bonds. Arca Funds, a Los Angeles-based money manager specializing in cryptocurrencies, wants to create a fund to buy U.S. Treasury bonds and then use them to back a digital
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Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla.This strong
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