Tagged: nem ventures

COVID-19 Induced Economic Decline: What Does this Mean for Cryptoassets?

It will take some time to fully understand the economic impact of the COVID-19 pandemic but clearly the economic fallout will be profound. Markets have tanked, default risks are rising and unemployment is moving up rapidly in a historic fashion. Simultaneously governments everywhere are moving… Read More

NEM Ventures Announces Launch of NEM Ignite Incubator Program For Blockchain Project

NEM Ventures, the venture capital and investments arm of the NEM blockchain ecosystem, announced on Tuesday the launch of its NEM Ignite Incubator Programme to provide mentoring and financial support for early-stage blockchain projects.  According to NEM Ventures, NEM Ignite will help cultivate the growth… Read More

NEM Ventures Strategically Invests in Cyclebit, a Company that Provides Tools for Accepting Cryptocurrency and Fiat Payments to Online and In-Store Merchants

NEM Ventures, the venture capital and investment division of the NEM blockchain ecosystem, one of the world’s largest cryptocurrency platforms with a market cap of more than $300 million (at time of writing), has reportedly made an investment in Cyclebit, a provider of “simple, affordable… Read More

Group of Crypto Industry Participants Comment on FATF Travel Rule: Massive Impact, but Will Help with “Transition to Becoming Mainstream”

The Financial Action Task Force (FATF) rules regarding cryptocurrency platforms or virtual asset service providers (VASPs) have been out in the wild for some time now. Initially, there was much industry concern that required KYC/AML rules will undermine VASPs and harm the industry but, over… Read More

In New Zealand, You Can Pay Employees in Cryptocurrency

New Zealand appears to be the first country to officially approve paying employees in crypto. According to a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, crypto-assets may be used in remuneration as long as it adheres to certain… Read More

Comments on President Trump’s Tweets on Bitcoin & Libra: “Mr. Trump appears confused by what a currency is”

Crowdfund Insider has received multiple comments on President Trump’s latest policy by Twitter approach to governing the US and his thoughts on cryptocurrency. As was previously reported, President Trump is no fan of Facebook’s Libra, as well as other cryptos. Trump believes that Facebook needs… Read More

NEM Rises in Value Almost 2X. What’s Up with That?

NEM (XEM) has bounced solidly in the last few days rising by around 48% in value, according to Coinmarketcap. Of course, the broader crypto market has recently experienced a resurgence in investor interest as crypto stalwart Bitcoin has doubled in value from recent month lows…. Read More

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