VC Firm Andreessen Horowitz Announces Instructors at Free Crypto School

Venture capital firm Andreessen Horowitz (a16z) has shared a list of instructors for its free, seven-week crypto startup school, scheduled to launch in February 2020. On Dec. 11, the venture capital firm announced that experienced entrepreneurs, builders, investors and experts in the cryptocurrency and blockchain industry will coach students by sharing lessons they’ve learned, bring new project ideas, and share information to help them get started in the cryptoverse. The list of crypto startup school instructors includes top entrepreneurs and technologists like general partner at Andreessen Horowitz Chris Dixon, professor…

Two Crypto Advocacy Groups Partner to Promote Digital Tokens Educational Efforts

The Chamber of Digital Commerce and the Enterprise Ethereum Alliance (EEA) have partnered to facilitate industry advocacy and education efforts around tokenization. According to a Dec. 11 press release, the two blockchain advocacy organizations entered a strategic partnership to boost educational efforts in the field of digital assets and blockchain-based technologies by promoting their understanding, acceptance and use. Interoperability initiatives and regulatory considerations As part of the initiative, the parties’ staff will get access to their respective token-related efforts, which will subsequently enable joint participation in the EEA’s Working Groups…

Jack Dorsey Announces New Twitter Team: Square Crypto, but for Social Media

The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted that the “fundamentals” of blockchain technology might offer some tools for “open and durable hosting, governance, and even monetization.” Source link

Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published by FINMA on Dec. 10 — the regulator warns that blockchain and crypto assets exacerbate the country’s already existing money laundering risks. The document reads: “In addition to […] traditional money-laundering risks, the financial industry also faces new risks in the area of blockchain technology and the cryptoassets that are attracting growing interest from…

Bitpay Launches Support For Three USD Stablecoins — But Not Tether

Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens.  In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). All are pegged to the U.S. dollar.  BitPay steers clear of USDT  The rollout brings the total number of available cryptocurrencies to six, alongside Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH). Notably absent from BitPay’s choice is Tether (USDT), the stablecoin with by far the…

5 Bullish Candlestick Patterns Every Bitcoin, Crypto Trader Must Know

Candlestick charts are favored by crypto traders due to their visual appeal and simple to understand nature. Their history lies in the Japanese rice trading and the system has been updated and utilized throughout the years, becoming the most popular method of charting assets. They are called candlesticks because of their rectangular shape and long lines (wicks) formed by price action during a certain time period. Candlesticks can also give clues to price action and the mood of the market towards an asset. Over time, multiple candlesticks form patterns that…

Elliptic Launches Tool to Connect Banks with Cryptocurrency Exchanges

London-based cryptocurrency compliance firm Elliptic has launched a new tool that allows banks to work more closely with crypto exchanges. Dubbed Elliptic Discovery, the product collects detailed profiles of more than 200 global crypto exchanges to enable banks to manage risks associated with crypto transactions, Business Insider reports Dec. 11. Elliptic Discovery includes data collected since 2013 Designed specifically for banks, Elliptic Discovery reportedly provides compliance teams with necessary insights to identify flows of funds on crypto assets and assess risks including money laundering. The tool is reportedly based on…