Sentences with phrase «owned by digital currency»

A financial product of Grayscale, which is owned by Digital Currency Group, GBTC is meant to track the bitcoin market price on behalf of investors, who then don't have to buy and safekeep bitcoins for themselves.

In preparation for the debut, the private investment vehicle owned by Digital Currency Group (DCG) has announced the launch of Grayscale Investments, which will sponsor the BIT, taking on responsibilities as necessary to register and run the fund.

For instance, CoinDesk is owned by Digital Currency Group (DCG) who in turn has funded 80 - odd companies over the last few years, including about 10 mentioned in this article (such as Coinbase and BTC China).

Not exact matches

In Sweden, where use of cash is vanishing, the central bank is investigating issuing its own digital currency, the E-krona, out of concern that widespread use of other virtual currencies controlled by private actors could harm competitiveness.

The pool is owned by SatoshiLabs, which also runs a number of other digital currency projects.

Now, the early numbers are in, and there is no question that ICOs, an unregulated form of fundraising by which companies can sell their own form of digital currency or tokens to investors, are winning this race, at least in the blockchain industry.

In the latest blow — on Tuesday — an alternative virtual currency, known as Tether, that is owned and operated by the same people as Bitfinex, announced that it had been hacked and lost around $ 30 million (U.S.) worth of digital tokens.

Several of the largest central banks in the world, including the Bank of England and the People's Bank of China, have said they are looking at using the technology introduced by Bitcoin to track and issue their own digital currencies.

Furthermore, his company's heavy investment into their own virtual currency could lead to similar approaches by companies looking to transform digital commerce.

After previously outlawing ICOs in September 2017 in a government crackdown, China began exploring its own cryptocurrency initiatives, including a state - backed cryptocurrency currently being examined by the PBoC's Digital Currency Research Institute.

«Globes» reported last week that IDB Development, owned by Eduardo Elsztain, was investing $ 14.5 million in CLN, the digital currency of Israeli blockchain company Colu.

The event broke these two digital currencies into 2 separate ledgers, and due to the fact that cryptocurrencies are represented by their own ledger, users woke up to having double the amount: once in BTC and once in BCC.

Altcoins are digital currencies that have their own blockchain or digital assets that are represented by tokens on a blockchain such as the bitcoin blockchain or ethereum blockchain.

Bank of Russia: «It's Time to Develop National Cryptocurrencies» Jun 2, 2017 by Stan Higgins Russia's central bank believes the time is right to develop and launch its own digital currency, one of its senior officials said today.

Banks like Citibank, UBS, Deutsche Bank, Santander, the bank of Tokyo - Mitsubishi UFJ are either planning to develop or are already developing their own digital money, with the bank of Tokyo expected to launch their currency by the end of 2017.

In an effort to bypass the rules and costs associated with getting listed on an exchange, many startups now are opting to raise funds by issuing their own digital currency based on blockchain technology.

XRP is not a mined digital asset so every single unit of the currency that exists now has already been created, with most owned by Ripple (55 billion of which was placed in escrow) and the rest held by companies and individuals.

Chinese regulators have launched a crackdown on individuals and firms raising funds by offering their own digital currencies.

Another way to make money by working with digital currencies is buying shares of companies and trusts that own these currencies.

By creating an Account, You agree that You do not own the Account, any user names created on the Account, any Content stored or associated with an Account (such as digital and / or virtual assets, achievements, virtual currency, and other Downloadable Content), or related data associated with the Account.

In the last couple of days a smart contract start - up (which also offers an AI assistant) has raised 5,098 Bitcoins» worth of capital, which is approximately $ 11,134,732, by selling its own digital currency or «token» on the open market via an ICO (an Initial Coin Offering).

UATP, a payment network privately owned by 30 airline companies and operating for the benefit of the global airline industry, announces today it now offers its network of 260 + airline companies, the ability to accept payments in the digital currency.

The number of banks experimenting with blockchain technology and looking at their own digital currencies is growing by leaps and bounds, so it's no surprise that Deutsche Bank is well on its way to having its own blockchain technology.

For the past year, the makers of the live - streaming video chat service YouNow have been quietly developing a new app that will be fueled by crypto tokens minted on Ethereum, a digital currency network that rivals Bitcoin and lets programmers spin up their own virtual currencies.

Certain scholars voiced their thought regarding securing the financial status of countries by issuing a state - owned digital currency that can also stabilise the domestic fiat currency.

A representative for Digital Currency Group, the investment firm backed by entrepreneur (and Bitcoin advocate) Barry Silbert, said last week it was currently in talks with the SEC about launching its own publicly traded product, despite withdrawing its application for a listing last month.

Centralized virtual currencies are digital currencies that have a «centralized repository»; this is likely intended as a catch - all term for any virtual currencies which are not simply tokens for «real» currency or precious metals but rather a currency in their own right, Second Life's Linden dollars is perhaps the existing canonical example, although a hypothetical Bitcoin - like unbacked currency backed by a central repository would also fall into the scope.

The integration with GDAX, a margin and professional oriented crypto trading exchange owned by San Francisco - headquartered Coinbase enables users to backtest, research and live trade digital currencies.

However, these holdings are dwarfed by the leading digital currency exchange Coinbase, Inc., which owns 13 US patents.

2017 saw a huge boom in companies raising money by issuing their own digital currencies, which are structured similarly to bitcoin, in return for funds to build their business.

Kraken, which allows users to buy and sell bitcoin, namecoin, dogecoin and Ripple, among other digital currencies, is owned by Payward, Inc..

«Isn't it ironical that RBI is testing the feasibility of own Digital Currency, but not allowing entities controlled by it to deal with cryptocurrencies blockchains Bitcoin.»

The majority of the world's digital currency is owned by just a few thousand wallets.

As reported by Bloomberg, Soros» firm is the third - largest shareholder of the e-commerce company — which, in addition to notably becoming the first major retailer to accept digital currencies as a valid form of payment in August 2017, plans on starting its own cryptocurrency exchange and offering its own digital coins.

In 2017, he said, banks issuing their own digital currencies, as well as Blockchain's «profitable» use by firms are two aspects of innovation he is «looking forward to seeing.»

He also claimed the digital currency was backed by a team of experts around the world, though he couldn't reveal the names of the company's executives for fear they would be poached by competitors — he even kept his own identity anonymous through the ICO process.

November kicks off a long list of future planned releases by Centra Tech, such as starting to ship the Centra international Prepaid Cards, the live alpha of Centra's very own trading platform (Centra Network), the beta launch of Centra Market, and Centra Tokens being added to additional digital currency exchanges.

Ether prices experienced only modest movements on 9th May despite the high - profile launch of trading support for the digital asset on Gemini, the digital currency exchange owned by investors Cameron and Tyler Winklevoss.

The investment manager plans to launch its own bitcoin trading desk by the end of June, becoming the first large Wall Street firm to make markets in digital currencies.

Afterschool, a two - sided after school activity marketplace based in Dubai, announces its ICO starting on September 26, 2017, by issuing its own digital currency.

Even governments have been getting on board, with crypto - friendly regulations being drawn up by the likes of Switzerland and a number of countries either launching or in the planning phase of having their own national digital currency.

As the digital currency gains popularity and rolls towards mainstream acceptance, smaller investors need to be aware that a large number of Bitcoin is owned by a very small number of people.

According to Atari's press release earlier this month, Atari will be creating its own digital currency, the Atari Token, to be used in a Blockchain - based digital entertainment platform created by Infinity Networks, Ltd., in which Atari bought a 17.5 percent stake.

Last year, six of the world's largest banks (Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, Mitsubishi UFJ and State Street) joined a project led by UBS to create their own digital currency: a «Utility Settlement Coin» (USC) to streamline payment mechanisms and make it easier in the future for central banks to use crypto - currencies.