Coinbase Valuation Jumps from $1.6 Billion to as High as $8 Billion | The World News , 2 May

The World News Point
📺 02 May 📺

Coinbase Valuation Jumps from $1.6 Billion to as High as $8 Billion

"The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors."
_{Read more: https://news.bitcoin.com}

Korean Peace Agreement Recorded on Ethereum Blockchain

"Last week’s meeting between South Korean president Moon Jae-in and North Korean leader Kim Jong-un has been recorded on the ethereum blockchain, where the historic Panmunjom Declaration that the two nations signed will now be stored in perpetuity.No, the governments themselves did not encode their peace agreement into the “world’s largest supercomputer,” but CoinDesk Korea reports that 27-year-old South Korean game developer Ryu Gi-hyeok published the Panmunjom Declaration on the ethereum blockchain in both Korean and English."
_{Read more: https://www.ccn.com}

‘Buy the Pullback’ in Bitcoin, Ethereum: Fundstrat’s Sluymer

"Leading cryptocurrencies are all trading in the green today, as Ethereum takes the recent development of a possible regulatory crackdown in stride. After falling from the $1,000 level to as low as $300 this year, Ethereum has been on the comeback trail."
_{Read more: https://www.ccn.com}

Unicef Australia Embraces In-Browser Cryptocurrency Mining to Fund Projects

"In-browser cryptocurrency mining has obtained a very negative reputation over the past few weeks and months. This is mainly due to criminals exploiting this method as a way to generate revenue by stealing people’s computing resources. Unicef Australia, on the other hand, wants to put this concept in a positive light. This method will be used to fund the group’s causes, although it remains to be seen how successful it will be."
_{Read more: https://themerkle.com}

Markets Update: Trading Action Heats Up During the First Week of May

"Cryptocurrency markets are seeing some action today as digital asset values have been fluctuating over the past 72 hours. During yesterday’s trading sessions a lot of digital currencies dropped anywhere between 2-6 percent but many are erasing some of those losses today. On April 28, BTC/USD markets touched a high of $9,538 but dipped below the sub-$9,000 regions on May 1. Bitcoin Cash (BCH) markets touched a high of close to $1,500 on the 28th as well but dropped to $1,320. Today, however, BCH has managed to capture most of those gains back as it hovers around $1,430 at the time of publication."
_{Read more: https://news.bitcoin.com}

New Blockchain Initiative for the Automotive Industry Announced in Dubai

"Companies ranging from IBM and Context Labs to Ford and BMW announced their collaboration at this year’s Futures Blockchain Summit in Dubai and have gathered together to form the Mobility Open Blockchain Initiative (MOBI). The association will explore further blockchain use and study how its technology can make the industry of global transportation less expensive, safer and more widely accessible to citizens around the world."
_{Read more: https://bitcoinmagazine.com}

Advertising On Social Media, Explained

"Advertisers tend to like social media because it’s easier to reach certain people based on their age, gender, location and interests. As you’d imagine, it’s a lot harder to pull off targeted advertising on physical billboards. Not only are they more expensive, but campaigns end up grabbing the attention of the wrong demographics."
_{Read more: https://cointelegraph.com}

BMW, Ford, GM: World's Largest Automakers Form Blockchain Coalition

"Announced Tuesday, the Mobility Open Blockchain Initiative (MOBI) has revealed founding members including BMW, Ford, General Motors and Renault. Also present among the ranks are the car-parts manufacturers Bosch and ZF as well as major companies (Accenture, IBM) and blockchain industry groups (Consensys, Hyperledger)."
_{Read more: https://www.coindesk.com}

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