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News and Events

Bad News Day for Bitcoin: It's Destroying the World and Bank Accounts

You won't believe how much energy it takes to get just $1's worth

Even though cryptocurrencies technically have no physical presence, they really do a make a impact on the environment -- and even could affect the amount of money people have in their accounts.From January 2016 to June 2018, the Oak Ridge Institute for ...

by Nina Zipkin  | November 08, 2018 08:00:00
News and Events

Bitcoin is 10 Years Old Today. Is it Time to Buy the Virtual Currency?

Here's how the first cryptocurrency has fared in the past decade

On October 31, 2008, an unknown author who went by the name of Satoshi Nakamoto published a short essay online with the title Bitcoin: A Peer-To-Peer Electronic Cash System.The nine-page, 12-part document opens with a summary of what was being proposed: “A ...

by Lorenzo Kyle Subido  | October 31, 2018 06:00:00
Business Ideas

Meet the Startup That's Developing Manny Pacquiao's Own Crypto Coin

Using PAC Tokens, fans can buy the boxing legend's merchandise or pay him to livestream a birthday greeting

Aside from Manny Pacquiao, GCOX will also create a cryptocurrency for former English football player Michael Owen and American singer Jason DeruloAs a politician, Emmanuel “Manny” Pacquiao is known as the Bible-thumping Filipino senator who’s in favor of conservative causes such as ...

by Lorenzo Kyle Subido  | October 19, 2018 09:00:00
Business Ideas

How a Bitcoin Pioneer in PH Survived the Vagaries of the Cryptocurrency Market

Meet the founders of one of the first blockchain technology companies in the Philippines

When John Bailon first heard about Bitcoin, he thought it was a scam.“When I downloaded the software, I ran it, [and] it crashed on my computer,” he told Entrepreneur Philippines during an interview last April.  “I said, this must be a scam. That was maybe ...

by Lorenzo Kyle Subido  | October 15, 2018 09:00:00
News and Events

Want Cheaper Grab Rides? Virtual Token Users Get as Much as Php100 Discount Per Trip

Appsolutely has partnered with Grab Philippines to allow LoyalCoin holders to avail of discounted fares

The return of the time-based fare charge on Grab Philippines and Hype Transport car-hailing rides could mean pricier trips for customers though it could also help boost the availability of the service. Entrepreneur Philippines estimates that the time-based component of the fare, ...

by Lorenzo Kyle Subido  | September 25, 2018 04:00:00
News and Events

SEC Proposes Rules that Set Stage for Extensive Regulation of Initial Coin Offerings

While some tokens may be exempt from registration, all offerings must go through assessment by regulators

The Securities and Exchange Commission (SEC) has released a memorandum circular detailing its proposed rules on initial coin offerings (ICOs) of Philippine companies or targeted at Filipinos.In the circular titled “Rules on Initial Coin Offerings,” the SEC defines ICOs as “distributed ledger ...

by Lorenzo Kyle Subido  | August 02, 2018 06:00:00
Startup Tips

Financial Adviser: 5 Business Lessons Every Startup Can Learn from Coins.ph Founder Ron Hose

Coins.ph is the largest blockchain-enabled financial services platform in the country today

Ron Hose is not your typical serial entrepreneur. He does only one thing at a time. When he puts up a startup, he focuses on growing the business as big as he can before he cashes in and moves to another venture.Right ...

by Henry Ong  | July 31, 2018 09:00:00
Startup Tips

7 Reasons Experts Say It's Not Too Late to Invest in Cryptocurrency

Despite industry volatility, insiders say smart investors should embrace crypto

While it hasn't bounced back to its $20,000 value from a year ago, Bitcoin saw a jump of 4 percent to $6,623 based on the news that asset-management BlackRock has set up a working group to look into cryptocurrencies and blockchain, according to CNBC.Several other massive investment institutions have made similar ...

by Entrepreneur US Staff  | July 20, 2018 06:00:00
Run & Grow

Basic Blockchain Lingo You Need to Know

Do the terms 'proof-of-stake,' litecoin' and 'mining' mean anything to you? If not, keep reading

With all the buzz lately around blockchain technology, it can be tough to keep up. Given how fast this industry is growing, new terms are being introduced on a regular basis, and if you have wanted to learn more about crypto, the ...

by AJ Agrawal  | July 11, 2018 02:00:00
News and Events

Buying or Selling Bitcoins? BSP Approves 2 More Virtual Currency Exchanges

The banking regulator has registered a total of five crypto-exchanges since late 2017

The Bangko Sentral ng Pilipinas (BSP) has approved two more companies to operate as virtual currency exchanges (VCEs), or firms that convert Philippine pesos into cryptocurrencies such as Bitcoin and Ethereum, and vice versa.BSP Deputy Governor Chuchi Fonacier has said that the ...

by Lorenzo Kyle Subido  | July 09, 2018 04:00:00
News and Events

How a Filipino Startup Founder Launched One of PH’s First ICOs and Raised $15 Million

Appsolutely CEO Patrick Palacios shares lessons from one of the country’s earliest initial coin offerings

Patrick Palacios, CEO of Appsolutely, speaks at the Beach Blockchain Conference in Cebu, which was attended by over 250 people from all over the world“An ICO is the best gift to an entrepreneur because [even] without any connections, you’re able to expand ...

by Lorenzo Kyle Subido  | May 30, 2018 09:00:00
News and Events

Offshore Cryptocurrency Hub Rising in Remote Corner of Northeastern Luzon

Crypto-friendly policies turning Cagayan Valley into a virtual currency hotspot amid regulatory curbs in China and other countries

The Cagayan Economic Zone Authority (CEZA), which runs a special economic zone and free port in Cagayan Valley province in northern Luzon, has signed agreements with 15 fintech companies to locate offshore virtual currency operations within the zone, the government agency announced ...

by Roel Landingin  | May 21, 2018 07:00:00
News and Events

Fintech Startup Plans to Offer Blockchain-Powered E-Wallets to A Million Seafarers, OFWs

TraXion is also holding an initial coin offering to raise up to $55 million in virtual currency

Financial technology startup TraXion is launching an initial coin offering (ICO) that aims to raise up to $55 million worth of virtual currency through the sale of 250 million TraXion tokens or TXN.These utility tokens will grant TXN holders access to TraXion’s ...

by Lorenzo Kyle Subido  | May 21, 2018 09:00:00
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