Cryptocurrency major Ripple has doled out millions for venture capital funding of blockchain projects. A banking giant is facing lawsuit for charging higher fees for credit card purchases of cryptocurrencies. And the demand for blockchain professionals is growing in India, one of the booming for cryptocurrencies.
Here is a wrap of the main news from the cryptocurrency and blockchain world over the last 24 hours.
Ripple Invests $25 Mln Of XRP In Blockchain Capital's Fund
Blockchain start-up Ripple has invested $25 million in ripple or XRP into Blockchain Capital Parallel IV, LP., a venture capital firm focused exclusively on the blockchain . In a statement, Ripple, which owns about 60 billion XRP cryptocurrency, said the $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams that are building businesses using blockchain technology. Read more...
JPMorgan Sued For High Charges For Crypto Purchases With Credit Card
A lawsuit has been filed against banking giant JPMorgan Chase & Co. for allegedly charging customers with substantially higher interest rates and extra fees for buying bitcoin and other cryptocurrencies with their credit cards. The lawsuit also alleged that the bank refused to refund the charges after customers' complaints. Read more...
Blockchain Professionals High In Demand Across India's Metro Cities
A new report by prominent global job site "Indeed" says there is high demand for professionals in the blockchain sector across the metro cities in India. According to the report, the number of cryptocurrency and blockchain related jobs posted on their website witnessed a significant 290 percent jump in the second half of 2017. Recruiters were mainly looking for Blockchain Developers, Blockchain System Architects, and Blockchain Software Engineers. Read more...
Brazilian Academy Launches Master's Degree In Crypto Finance
A higher education institute in Brazil has launched a Master's degree program focused on digital currency and Blockchain technology. The Sao Paulo-based think tank Fundacao Getulio Vargas (FGV) announced that they are starting a Master's degree in Crypto finance with the aim of grooming new professionals to lead the startup ecosystem in Brazil. Read more...
Japan Has 3.5 Million Cryptocurrency Traders
More than 3.5 million people in Japan are trading with cryptocurrencies, the country's financial watchdog estimates. This data is published by the Japanese Financial Services Agency (FSA), which investigated 17 domestic virtual currency exchanges to check if they are following the government's digital currency regulatory policy. The most popular cryptocurrencies in Japan are BTC, ETH, XRP, BCH, and LTC. Read more...
As of 8.52 am ET on Thursday, Bitcoin was up 12.63 percent at $7,720.76 and Ethereum was higher by 11.78 percent at $464.49 on Coinbase.
by Jyotsna V