#companyformation

AirBnB Rejections That Drove Initial Investors To Be Billionaires

Sep 23, 2019
2 min

AirBnB Rejections That Drove Initial Investors To Be Billionaires

AirBnB has revolutionised the tourism industry. It projects a community by providing a platform to both the owners and globetrotters. The key strategy here is to charge fees for providing a platform to both, travelers and private property owners. Allowing both the parties to simplify the process. Moreover, this has helped the users to exchange economy. The key takeaways from this business model don’t end here. Before the idea started back in 2008, this model has hit the botto

Libra Stablecoin Project: New Lobbyists are hired by Facebook

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Sep 17, 2019
1 min

Libra Stablecoin Project: New Lobbyists are hired by Facebook

Two new lobbyists have been hired by social media giant- Facebook which will aid the forthcoming Libra Stablecoin release. On Sept, Bloomberg stated, lobbying filed was disclosed this week which explained that the President of regulatory counseling firm and legislative, William Hollier started Facebook lobbying on blockchain policy and other different matters, in the last days of August. Once U.S. Republican Sen. Mike Crapo said about blockchain and cryptocurrencies that Libr

Bitcoin market cap hits over 170 Billion

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Sep 2, 2019
2 min

Bitcoin market cap hits over 170 Billion

New indications might point to the chance of a bull market in the coming future as Bitcoin has just added a brand-new feather to its hat. The vast Bitcoin network, according to the insight provided by Coinmetrics.io on 2th September, hit a realized market cap above $170 billion for the first time ever following a surge that began in April. In the previous year, Bitcoin’s realized market cap increased from $84.5 billion, to its existing value of $100.15 billion, which is nearl

Thailand vs. Estonia-Which Is More Crypto-Friendly?

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Sep 1, 2019
2 min

Thailand vs. Estonia-Which Is More Crypto-Friendly?

It has not been long since Thailand’s Securities and Exchange Commission, popularly known as SEC, has legalized the trading of seven Cryptocurrencies. These include Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. The Thailand exchanges are licensed to trade these cryptocurrencies. So, now is the billion-dollar question, which is the preferred country when it comes to trading electronic currency-Estonia or Thailand. To solve this dilemma, we c

Denmark 2nd biggest bank Jyske Bank, charges 0.6% deposit yearly interest

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Aug 28, 2019
1 min

Denmark 2nd biggest bank Jyske Bank, charges 0.6% deposit yearly interest

It has now been less than two weeks since Denmark's second-largest bank, Jyske Bank, announced that it would be the world's first bank to offer negative-interest housing loans. Yesterday, the bank announced, wealthy gurus have to start paying the bank interest on deposits, Reuters writes. The change concerns customers with at least DKK 7.5 million, or approximately $ 1.1 million, in their account. The deposit interest rate is minus 0.6 percent per annum. "In Denmark, the era

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Aug 22, 2019
2 min

All about e-Residency

e-Residency 2.0 action plan was approved by the Estonian government last week. The main focus of this plan is to make the e-Residency program beneficial for businesses and the e-Residency community as well. As per the statement of Jüri Ratas, Prime Minister, the e-Residency program has a great business success all over the world. Along with this, he also added that many actions can be taken for e-Residency community to make the program more beneficial and convenient. In an in

Worldwide testing of Digital currencies by Central Banks

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Aug 20, 2019
6 min

Worldwide testing of Digital currencies by Central Banks

Today, Central banks are researching for the possibility to issue a central bank digital currency (CBCC), while some of it are testing their currency for multiple uses. Many countries like Canada, China, Uruguay, Thailand, Sweden, Singapore and the Bahamas have advanced projects of digital currency. Moreover, India has also contributed through digital rupee in the draft cryptocurrency bill of the country. CBDC of China is ready: China has recently claimed that its CBDC is alm

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Aug 17, 2019
5 min

Definition and working of Crypto banks

The idea of making individuals “their own bank” was once an ambitious goal of Bitcoin. In 2008, when Bitcoin’s white paper published it, felt foolish and absurd. After a decade, the traditional idea of cryptocurrency still revolve around finance, however with it decentralized industry and replicated the idea of a lot of financial services on blockchain, thereby providing services that were exclusively served by the banks. DeFi isn’t banking! In recent times, a lot of people a

China's long-awaited Bitcoin is ready to launch in Crypto Markets

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Aug 15, 2019
3 min

China's long-awaited Bitcoin is ready to launch in Crypto Markets

Ten years ago, release of Bitcoin was a generally small event with huge repercussions, a number of well-renowned companies in the world and nations getting into digital forms of money, i.e cryptocurrencies. Over the most recent decade, the price of bitcoin has soared, moving to highs of nearly $20,000 per bitcoin in late 2017 preceding falling back pointedly. But it was only after the gigantic bull run that grabbed the eye of numerous banks, retailers and tech organizations.

How Coinbase efficiently discovered and block a crypto-economy attack

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Aug 12, 2019
3 min

How Coinbase efficiently discovered and block a crypto-economy attack

Coinbase, the world’s most popular bitcoin wallet has recently detailed as to how they were targeted and blocked, “a sophisticated, highly targeted and a well thought out attack” conducted to access its operating systems and take away billions of dollars worth of cryptocurrency it holds. On August 8, a blogpost was released widely detailing as to how the hackers made use of a combination of means to try and track the employees and access their operating systems by the medium

North Korea funds weapons programs from the $2 billion through cyberattacks

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Aug 11, 2019
2 min

North Korea funds weapons programs from the $2 billion through cyberattacks

On Monday, a confidential U.N. report stated that North Korea has earned as much as $2 billion dollars through the medium of large-scale cyber attacks to benefit fund its efficient weapons program. The report, submitted to the U.N. North Korea Sanctions Committee, has accused North Korea of making use off hackers to take out ‘forced illegal transfer of funds from various financial institutions and cryptocurrency exchanges, launders stolen proceeds and formed income to prevent

Walmart applied to patent a Stablecoin like Facebook Libra

Sirje Soo

Aug 6, 2019
2 min

Walmart applied to patent a Stablecoin like Facebook Libra

Walmart, a giant name in retail has now applied for a cryptocurrency patent having similarities to Libra token which was proposed by Facebook. In its application with Trademark Office and the U.S. Patent, Walmart touts the idea of an advanced money "attached to a normal cash" – that is, what's usually known as a stablecoin. Libra will be a token pegged to a bin of fiat monetary forms and government bonds, as per Facebook. Moreover, it was also suggested by the filing that thi

Germany will start to issue cryptocurrency trading license by 2020

Sirje Soo

Jul 30, 2019
2 min

Germany will start to issue cryptocurrency trading license by 2020

With effect from the coming New Year, Germany is planning to secure itself against Money Laundering. The major inclusion to the businesses complying with the BaFin the coming year is Crypto-Business. This new regulation tends to identify crypto assets as financial resources. In accordance with this new law from the Federal Financial Supervisory Authority - BaFin identifies specifically the cryptocurrency exchange and wallet providers, mandating them to obtain a license. This

The head of the Estonia Financial Supervision Authority – cryptocurrency is coming anyway

Mardo Soo

Jul 24, 2019
7 min

The head of the Estonia Financial Supervision Authority – cryptocurrency is coming anyway

The head of the Financial Supervision Authority, Kilvar Kessler, considers the introduction of cryptocurrencies, such as Facebook's Libra, an inevitable development that makes no sense to fight, but must be subject to the right rules by the states. The idea of Facebook to create its own cryptocurrency has received much criticism. Why? In order to talk about a phenomenon at all, one should first understand what we are talking about, what these elements are. And only then can