Crypto lending on the rise: Credit volume of Genesis Capitol at over $1 Billion

 

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Genesis Capital, one of the largest providers of crypto loans, cracked $1 billion in crypto loans in 2018. Despite falling bitcoin prices, the demand for credit in the crypto money market seems higher than ever.

In the fourth quarter of 2018 alone, Genesis, a type of crypto bank, will provide $500 million in loans. As a result, the US company accounts for almost half of its total lending volume in the fourth quarter of 2018; In total $1.1 billion in loans. The market is booming — and after the already south-facing market lost further value in November and December. This emerges from the quarterly report of the company.

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Chicago Mayor believes Crypto adoption is “inevitable”

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Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week.

The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with their economic recovery.

The politician thinks that “an alternative way of currency dealing with the debt markets is going to happen” at some point in the future.

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How a Bitcoin evangelist made himself vanish, in 15 (not so easy) steps

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In October 2017, a SWAT team descended on Jameson Lopp’s house in North Carolina. Someone — it still isn’t clear who — had called the police and falsely claimed that a shooter at the home had killed someone and taken a hostage. After the police left, Mr. Lopp received a call threatening more mayhem if he did not make a large ransom payment in Bitcoin.

To scare off future attackers, Mr. Lopp quickly posted a video on Twitter of himself firing off his AR-15 rifle. He also decided he was going to make it much harder for his enemies — and anyone else — to find him ever again.

Mr. Lopp, a self-described libertarian who works for a Bitcoin security company, had long been obsessed with the value of privacy, and he set out to learn how thoroughly a person can escape the all-seeing eyes of corporate America and the government. But he wanted to do it without giving up internet access and moving to a shack in the woods.

Many celebrities and wealthy people, wary of thieves, paparazzi and other predators, have tried to achieve Mr. Lopp’s vision of complete privacy. Few have succeeded.

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What the hell is a blockchain phone—and do I need one?

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The first wave of crypto-focused smartphones from big players like Samsung is a small step toward a decentralized web.

The crypto world is full of buzzwords, but if you can peel away the marketing fluff, you sometimes find innovation beneath the surface. You are often also reminded just how early it is in the history of this technology. Case in point: the blockchain phone.

All of a sudden, several crypto-focused handsets are hitting the market, or will soon. The biggest player in the new game is Samsung, which confirmed this month that the Galaxy S10 will include a secure storage system for cryptocurrency private keys. It joins HTC, which for months has been touting the Exodus 1; Sirin Labs, which used proceeds from a huge ICO to build the Finney; and Electroneum, which this week began selling an $80 Android phone that can mine cryptocurrency.

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Sweden: How to live in the world’s first cashless society

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Sweden goes from being the first in adopting banknotes in Europe in 1661 to introducing its own digital currency in 2021, and becoming the first world’s cashless society in 2023.

How is a country becoming the world’s first cashless society? Sweden, one of the most technologically advanced nations on the planet, is leading the way.

Sweden is expected to become the world’s first cashless society by March 2023. By then, cash will not be accepted any longer as a means of payment in Sweden.

Sweden has always been one of the first countries in embracing new technologies. There is a tradition in Sweden about being the first. This is noticeable throughout the Scandinavian country’s history. And its financial system is not the exception.

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JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

  • JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business
  • Engineers at the lender have created the “JPM Coin,” a digital token that will be used to instantly settle transactions between clients of its wholesale payments business.
  • Only a tiny fraction of payments will initially be transmitted using the cryptocurrency, but the trial represents the first real-world use of a digital coin by a major U.S. bank.
  • While J.P. Morgan’s Jamie Dimon has bashed bitcoin as a “fraud,” the bank chief and his managers have consistently said blockchain and regulated digital currencies held promise.

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Twitter CEO Jack Dorsey has made a bold prediction about Bitcoin

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Bitcoin has had a troubled start to 2019 with many predicting the long-running bitcoin bear market, which has seen the bitcoin price fall by some 80% over the last 12 months, could run on well into this year.

Not all are predicting doom and gloom for bitcoin, however. And now the chief executive of microblogging site Twitter and payments processor Square, Jack Dorsey, has repeated his prediction that bitcoin will “probably” become the internet’s “native currency.”

This isn’t the first time the often controversial Twitter co-founder Jack Dorsey has said he expects bitcoin to continue growing.

Dorsey, who has previously talked up the potential of bitcoin and decentralized cryptocurrencies, was speaking to podcaster Joe Rogan in a wide-ranging interview that covered bitcoin, blockchain, free speech, and the formation of Twitter and Square.

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Weird CES: The bizarre things we didn’t expect to see

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The Consumer Electronics Show is one of the biggest technology events of the year where brand new devices and products are shown off to the world, sometimes for the very first time. As such, you’ll see some of the coolest and most exciting things at CES.

However, at CES 2019 we saw some things that were a little…strange. Some of them were cool, some of them were useful, and some of them could even make the world a better, safer place. But they were all a little weird and inevitably caused many CES 2019 attendees pause and scratch their heads.

We know not everyone can attend CES, so we’ve rounded up some of the weirdest things we saw as we wandered the show floor. Check out our strange CES 2019 roundup below.

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NYSE operator’s crypto project Bakkt brings in $182M

File: Crypto Losses Near $700 Billion In Worst Week Since Bubble Burst

The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE, the operator of several global exchanges, including the New York Stock Exchange, established Bakkt to build a trading platform that enables consumers and institutions to buy, sell, store and spend digital assets.

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DaVinci Speakers Series : Bitcoin and Blockchain

By now the mainstream media has been flushed with headlines about bitcoin and it’s underlying technology, the blockchain, but how will they actually change society? Is this all about creating a new form of money or will industries from all areas be impacted and disrupted? As a matter of fact voting, energy management, ride sharing, insurance, education, and virtually every single industry is about to undergo a paradigm shift. Come discover the present and future world where decentralized currencies and systems dominate.

SPEAKER BIO:

Cameron Schorg, also known as “The Bitcoin Guy” to many, was recently named 1 of 15 “People to Watch in 2018” by the Des Moines Register. The last 6 years of his life have been devoted to evangelizing and harnessing the disruptive nature of Bitcoin and its underlying technology, the Blockchain. As a pioneer, he launched an exchange startup at the age of 16, organized grassroots movements at more than 75 Universities worldwide, and works with some of the world’s most prominent cryptocurrency companies. Schorg is regularly featured as a subject expert at FinTech industry events, educational seminars, media coverages, and frequently consults companies and individuals. His relentless devotion stems from the will to free us all from economic slavery, truly democratize the worlds markets, and push humanity into an age of abundance. This starts with Bitcoin.

 

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At least 15 central banks are serious about getting into digital currency

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Digital cash may soon start replacing the physical kind.

The market for digital currency is down, but it’s certainly not out. Even if private cryptocurrencies are falling in popularity, it appears likely we are headed toward an era of national digital currencies that are backed by central banks.

Central banks are the institutions that set monetary policy for a nation, manage inflation, and act as the “lender of last resort”—such as the Bank of England in the UK and the Federal Reserve in the US. In fact, no fewer than 15 such central banks around the world are taking the idea seriously, and many others are at least exploring it, according to a recent report from the International Monetary Fund (IMF).

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Salaries for blockchain engineers are skyrocketing, now on par with AI experts

Blockchain engineers are making between $150,000 and $175,000 in annual salaries on average.

Blockchain engineers are the top paid roles in software development, on par with specialists focused on artificial intelligence.

Demand for blockchain engineers has increased by 400 percent since late 2017 on Hired, a firm that helps clients recruit tech candidates.

The value of cryptocurrencies might be down in the dumps, but demand for blockchain engineers has never been higher.

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