Venezuela monitors bank accounts for crypto transactions
The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency related transactions.
Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said.
Crypto service & asset digitization company AlphaPoint raises $15M in funding
Crypto services company AlphaPoint successfully raised $15 million in its first major round of venture capital funding.
The new funds will help AlphaPoint continue its mission of using blockchain technology to digitize assets in both traditional and emerging markets.
AlphaPoint raised the funds through billionaire and former hedge fund manager Michael Novogratz’s Galaxy Digital, the self-described cryptocurrency merchant bank.
Galaxy Digital managing director Greg Wasserman said “The market opportunity for digitizing illiquid assets is tremendous. Consumers are demanding increased access, transparency and trust. Businesses are seeking increased liquidity with reduced fraud, risk and cost.”
“We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets … we are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.” Novogratz said in a press release.
Billionaire investor Tim Draper explains why Bitcoin will reach $250,000 in 2022
Billionaire venture capitalist Tim Draper says Bitcoin will reach $250,000 by 2022.
Draper’s remarks where made during an interview on June 12th, he doubled down on an earlier prediction – saying that that Bitcoin would not only reach the end of 2018 trading at $25,000, but that the pre-eminent cryptocurrency would be worth a quarter of a million dollars just three years later.
Draper had also said “Cryptocurrencies are the next big technological tectonic shift and governments have to weigh their need to protect investors with their need to be included in this potential economic powerhouse that is crypto. I believe cryptocurrencies will overtake fiat currencies in the next five to seven years.”
Oxford is developing a university on the blockchain
A team of professors and researchers from Oxford University are working together to establish the world’s first Blockchain University.
The team is seeking degree-granting powers from regulators within the European Union.
The team is headed up by Joshua Broggi, the founder of Woolf Development who has said, the University will be like “Uber for Students and Airbnb for Academics”, overall, Broggi expects that tutors who are willing to teach through the blockchain concept could earn somewhere between $50,000 and $100,000 just through teaching their subject… The ultimate aim of the project is to be a driver of job opportunities and security for academics, as well as a low-cost alternative for students.”
By utilising blockchain technology, the University will run on smart contracts that are aimed to make education more transparent and more democratic.