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Tag Archives: Billions

Blockchain Investors Lose Billions to Projects with ‘No Evidence’

Since 2017, investors have lost billions investing in blockchain and cryptocurrency projects. In an information-starved environment, exit-scams, poorly executed ideas, and applications that simply do not make sense are able to thrive. A recent study can possibly shed some light on why this has happened—and is happening—in crypto. MERL Tech, …

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Blockchain Could Reduce Waste, Save US State Department Billions

US Deputy Secretary of State John Sullivan is encouraging the Department and its partners in the private sector to seriously study the possible integration of Blockchain technology into the agency’s operations. He proposed that the technology should be used to advance the agency’s diplomacy and development objectives. Sullivan gave his …

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Bitcoin Price Drops By Over $250 as Crypto Markets Lose Billions

Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400. The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data …

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As Crypto Market Sheds Billions, One Analyst Sees Buying Opportunity

The total value of all cryptocurrencies has dropped 11 percent since Saturday, declining from a high of nearly $180 billion to under $160 billion today.  But that might not be cause for alarm, according to one bullish analyst.  In fact, Ronnie Moas, the founder of Standpoint Research (known for his prediction that …

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Investors Pull Billions from Stocks As New Bitcoin, Crypto Options Appear

The withdrawal of funds from stocks and precious metals has coincided with the massive price increase of Bitcoin and other cryptocurrencies. It seems that investors have realized that Bitcoin is a more stable ‘store of value’ investment than gold. CNBC has reported that the stock market has seen the largest …

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Bitcoin’s meteoric rise is costing some investors billions

REUTERS/Neil Hall Companies that make the semiconductors for cryptocurrency mining have been a hot-button topic in the investment world, with the fate of their stocks closely tied to the prices of bitcoin and Ethereum Hedge fund Carlson Capital has a fund that’s lost 14.2% this year because of bad short …

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Bitcoin rival Ripple is sitting on many billions of dollars of XRP

Tony Avelar | Bloomberg | Getty Images Brad Garlinghouse, chief executive officer Ripple Labs Inc. Blockchain start-up Ripple is in a precarious position for a five-year-old company. The business is still in its very early days but suddenly has billions of dollars worth of cryptocurrency on its balance sheet. Ripple, …

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Consensus 2017: IBM Thinks Blockchain Could Save Shipping Industry ‘Billions’

Blockchain technology is poised to recover billions of dollars lost to coordination costs in both capital markets and the shipping industry, according to Arvind Krishna, the director of research at IBM. Krishna argued this point during a presentation at CoinDesk’s Consensus 2017 conference in New York. Among other projects, Krishna …

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Blockchain Can Save Banks Tens of Billions of Dollars a Year: BoE

The Bank of England (BoE), one of the first central banks to form a research group dedicated to the development of Blockchain technology, still believes the Blockchain has the potential to save banks tens of billions of dollars in operating costs. Banks and other service providers within the finance industry …

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