Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible Borrowing Leave Africa on Brink of Debt Crisis - AgainIrresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]

The post Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining Hardware

Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining HardwareChinese bitcoin mining giant Bitmain has revealed the total hashrate of all its cryptocurrency mining hardware. This was done as part of a larger push towards greater business transparency by the company ahead of its rumored massive IPO.  Also Read: The Daily: Exchange Operator Pleads Guilty, Scammer Fined Over $1.9 Million Bitmain Transparency Policy Bitmain […]

The post Bitmain Reveals the Total Hashrate of Its Cryptocurrency Mining Hardware appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Circle Raises $110Mn With Plans to Launch USD-Backed Coin

Circle Raises $110Mn With Plans to Launch USD-Backed CoinThe cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! […]

The post Circle Raises $110Mn With Plans to Launch USD-Backed Coin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

PR: SPINDLE to Launch Crowdsale – One Week Only (Until May 15)

SPINDLE to Launch CrowdsaleSPINDLE, which instantaneously became the largest ICO in Japan , will launch its first crowdsale. The crowdsale will be held globally for one week only (except for residents in Japan / USA / China). In this Crowdsale, only ETH and BCH will be accepted from strategic implications.

The post PR: SPINDLE to Launch Crowdsale – One Week Only (Until May 15) appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Edward Snowden Is Concerned About Bitcoin’s Transparency

TheMerkle Bitcoin Women in TechThere are many reasons why so many people are showing an interest in Bitcoin these days. For the majority of holders, they simply hope to become rich without much effort in the months and years to come. Edward Snowden, on the other hand, is concerned about Bitcoin for many reasons. In particular, the currency’s lack of privacy is a big problem, in his opinion. That’s especially because there are other currencies doing a better job in this regard. The Future of Privacy and Cryptocurrency When it comes to Bitcoin, one of the most common misconceptions is that it is an anonymous and privacy-oriented currency.

Go to Source

Powered by WPeMatico

How Legitimate Blockchain Companies Can Repair ICOs’ Negative Image

ICO damageWith Vitalik Buterin declaring that 90 percent of all ICOs will fail, investors are feeling far from confident. In an unregulated landscape peppered with scam artists, hackers, and evil deeds, it’s no wonder the ICO fundraising mechanism has gotten a bad rap. EY research shows that over 10 percent of all ICO funds have been stolen so far. So, what happens to the legitimate blockchain companies being tarred with the same brush? Almost half of all ICOs launched last year have already fallen flat on their faces. That’s not necessarily because they were run by scammers who ran off with investor funds.

Go to Source

Powered by WPeMatico

OECD Warns Crypto and Blockchain is Challenging Tax Transparency

OECD Identifies Crypto and Blockchain as Challenging Tax TransparencyThe Organization for Economic Cooperation and Development (OECD) has issued a report to the G20 finance ministers and central bank governors. The report examines the accomplishments and aims of the OECD in advancing its efforts to “redefine the international landscape,” identifying new technologies cryptocurrencies and distributed ledger technology as posing unique challenges to “tax transparency.” […]

The post OECD Warns Crypto and Blockchain is Challenging Tax Transparency appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

PR: Auctus Integrating Bancor Protocol™ to Provide Continuous Liquidity for AUC Token Holders

Auctus Integrating Bancor Protocol™ to Provide Continuous Liquidity for AUC TokenAuctus, the world’s first blockchain based retirement plan platform, has entered a collaboration with Bancor to provide continuous liquidity for its token holders.

By integrating the Bancor Protocol™ and joining the decentralized liquidity network, AUC tokens will be available in the Bancor Web App along with BNT (the Bancor Network Token™), STORM, OMG (OmiseGO), and a long list of partners using the Bancor Protocol. All the integrated tokens can be automatically converted to any other using MetaMask.

The post PR: Auctus Integrating Bancor Protocol™ to Provide Continuous Liquidity for AUC Token Holders appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico