Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, the Block reported on July 10. Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others. Unlike an initial coin offering-like approach, Near decided…

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.  Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.  “We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are…

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily Ethereum Transactions Exceed One Million, a First Since May 2018 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

‘Most Ambitious’ Blockchain Startup Since Ethereum Raises $15 Million

'Most Ambitious' Blockchain Startup Since Ethereum Raises $15 Million 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: A blockchain project called Helium has raised $15 million in a round led by enthusiastic technology investors like Multicoin Capital and Google (via venture fund GV). Multicoin wrote a passionate blog post, praising the project as one of the most ambitious crypto ventures since Ethereum itself. Helium reportedly will bring reduced costs to deploying wireless networks, as Multicoin partner Tushar Jain explains:  “The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a…

‘This Tech Can Solve the Trust Crisis’

‘This Tech Can Solve the Trust Crisis’ 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Head of Blockchain and Distributed Ledger Technology at the World Economic Forum (WEF), Sheila Warren, claims that blockchain could be a solution to the worsening trust crisis globally. Warren made her comments during an interview with Cointelegraph on May 31. During the interview, Warren claimed that public trust towards governments, banks, media and institutions, namely in the U.S., is “rapidly eroding.” She then noted that she thinks that blockchain, if used correctly, can be a solution to this problem: “This technology could provide access to information that could enable third…

Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary

Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Tesla CEO Elon Musk is bringing home the bacon. So much bacon that his peers will have to settle for the scraps. According to the latest New York Times compensation report, Musk was the highest paid chief executive of 2018. And it wasn’t even close. The polarizing entrepreneur pulled in a whopping $2.3 billion last year, overshadowing the next 65 contestants combined. Elon Musk Secured a Cozy 4.6 Million Percent Raise in 2018 Elon Musk secured a staggering 4.6 million percent raise in 2018. | Source: New York…

Sacrilegious Binance Reorg Would

Sacrilegious Binance Reorg Would 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast that the block reshuffling proposed by Binance CEO Changpeng Zhao would raise “geopolitical issues” had it been attempted. Accept That Bitcoin Is Final Back explained why the idea of a chain reorganization as a means to punish hackers or rescue lost bitcoins is a terrible idea. “You just have to accept that Bitcoin is final because a whole bunch of factors which we can get into, but it’s basically, you know, all of the infrastructure is set up…

Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange

Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN.com: In the two years leading up to 2018, a spate of ransomware attacks were analyzed in a report by a team of researchers hailing mostly from leading U.S. universities and Google. Results showed a conservative estimate of total funds stolen to be $16 million, with bitcoin providing a way for malicious actors to take payment from anywhere in the world. The first quarter of 2019 has perhaps seen these types of attacks become more frequent and severe. Citing cases involving Ryuk, a notorious family of ransomware, the amounts…

Tesla Issues Veiled Threat to Staff: Keep Quiet or Face Elon Musk’s Wrath

Tesla Issues Veiled Threat to Staff: Keep Quiet or Face Elon Musk’s Wrath 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Billionaire Elon Musk is in the middle of raising $2.7 billion in fresh capital from the market through a series of stock offerings. So now would be a very bad time for someone at the company to pop out of Tesla and say something that’s not to Musk’s liking. .@ElonMusk may buy more $TSLA shares. @LoupVentures‘ Gene Munster breaks down what this means for the stock: pic.twitter.com/TDSKgMhkVc — Squawk Box (@SquawkCNBC) May 2, 2019 This is probably why Tesla’s security team sent a stern warning to employees on…

Warning: This John McAfee-Pumped Cryptocurrency Has Major Red Flags

Warning: This John McAfee-Pumped Cryptocurrency Has Major Red Flags 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  By CCN.com: Another day, another John McAfee tweet pumping a cryptocurrency project that has alarming red flags. The latest dubious crypto token is called Apollo, an “all-in-one” cryptocurrency with supposedly-private transactions. Crypto Developers Call Out McAfee-Linked Apollo However, according to crypto development firm Jelurida, Apollo’s so-called privacy features promoted are not so private after all. https://t.co/X1s6hJVGOW — Ardorgate (@Ardorgate) March 28, 2019 Imagine if some company back in the days when you made your antivirus software would have copied/cloned your work, renamed to Mcfluffy, claiming to do tons of…