The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week.
Kik, the former messaging app now shifting its focus to cryptocurrency, has been involved in a court case with the SEC, which alleges that a 2017 ICO breached the commission’s regulations due to the fact that its coin, Kin, is actually a security.
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition.
Telegram has released a test version of its desktop wallet for its own digital coin, known as Grams, despite an injunction from the SEC preventing the launch of its planned blockchain, Telegram Open Network (TON).
Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today.
Over the past few years, a whole new ecosystem has emerged due to the staggering growth enjoyed by Bitcoin, and one of the more well-known constituents of that ecosystem is Bitcoin miner maker Canaan Creative. In a new development, it has emerged that Canaan has decided to go public in the United States.
Telegram investors have turned down the offer of a refund on their investment in the TON ICO despite an injunction by the SEC delaying the launch of the network.
The crypto sphere is known for being a disruptive force, but even this sector got a disruptive jolt of its own when Facebook (NASDAQ:FB) announced it would be launching its own cryptocurrency, Libra, in 2020. However, ever since the company announced the launch of its own stablecoin, it has come under fire from regulators from all over the world.
Ever since the potential launch of Facebook’s Libra was announced by the social media behemoth, the company’s cryptocurrency project has lurched from one problem to the next. Regulators from different parts of the world had voiced their concerns about the Libra cryptocurrency, and even the President of the United States slammed Facebook in one of his famous tweets.
Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project.
Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open Network (TON).
Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money.
eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets.
Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week.
Libra will be the focus of the cryptocurrency regulatory framework planned by the European Union’s finance commissioner Valdis Dombrovskis.
Telegram has indicated that the Telegram Open Network (TON) could launch at the end of this month. On Wednesday, in an email to TON investors, the firm indicated that the launch is on track as planned earlier.
On Tuesday, the Wall Street Journal reported that MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V), among other financial partners, could be reconsidering their position in Facebook Inc.’s (NASDAQ:FB) cryptocurrency project Libra.
Cuba rolled out mobile across the country last year, and this has resulted in increased usage of cryptocurrency. Most Cubans are increasingly using cryptocurrencies to circumvent economic sanctions levied by the US to access the global marketplace.
Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures.
Libra’s proposed 2020 launch date has been thrown into doubt after Facebook CEO Mark Zuckerberg refused to put a definitive timeframe on the project.
It has been a hugely eventful year in the crypto sphere, and perhaps one of the most important developments has been the announcement of Facebook’s Libra. However, as soon as it was announced that it was going to be launched next year, plenty of influential regulators expressed their doubts about the cryptocurrency straightaway.
Kik Interactive has announced that it is closing its messaging service due to a legal wrangle with the SEC over its cryptocurrency, Kin.
The cryptocurrency space has been on an impressive run this year and one of the biggest developments this year was the announcement of Facebook’s Libra, the social media company’s very own crypto token. It goes without saying that it was a huge announcement and caused a lot of noise in the crypto sphere. As is well known, Facebook (NASDAQ:FB) is heading the Libra project, but the company is going to be helped by many other firms.
Prominent analyst Tom Lee believes the launch of Bakkt will help build trust towards crypto trading among institutional investors.
Over the years, Square (NYSE:SQ) managed to emerge as one of the most innovative payments company in the United States, and it is no surprise that the company came up with Square Crypto in 2019. Back in March this year, Square made the announcement that it was going to go into crypto, and now the company has started hiring to kickstart the project.
North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system.
US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that will run on the company’s first blockchain platform.
Libra, the cryptocurrency that is expected to be launched by Facebook (NASDAQ:FB) in 2020, has proven to be the biggest disruptor in the crypto sphere since June. Policymakers, central bankers, and even politicians have expressed their skepticism with regards to the project.
Libra, the planned cryptocurrency led by Facebook, is to be questioned by officials from 26 central banks in Switzerland today.
France’s Minister of the Economy and Finance has said the country will block the development of Libra in Europe as it threatens “monetary sovereignty.”
Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission.
It was back in July that Facebook’s Libra was announced and ever since the announcement, it has become the subject of intense scrutiny from lawmakers. It has not only led to the scrutiny of the entire cryptocurrency project announced by Facebook (NASDAQ:FB) but that of the wider cryptocurrency market as well and consequently, it has proven to be a massive disruption. It also coincided with the point at which Bitcoin price started giving up the momentum that it had gained in the first half of the year.
One of the biggest disruptions to the crypto space this year has been the announcement of Libra from the tech giant Facebook (NASDAQ:FB) back in July. The white paper published by the company about its cryptocurrency resulted in a lot of chaos and eventually led to turmoil in the crypto market as lawmakers expressed their doubts about Libra quite vehemently.
Around a year ago, the notion of a crypto phone would have seemed like something out of a futuristic blog post, but it seems that this is no longer the case. If there is one thing that cannot be denied with regards to cryptocurrencies is that they are here to stay, and the world is now sitting up and taking notice.
Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings.
Japanese cryptocurrency exchange Liquid has revealed that proceeds from its resale of GRAM tokens are being held in escrow in a digital wallet.
Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday.
Overstock’s security token platform, tZERO, has lost a major investor following the departure of CEO Patrick Byrne last week.
At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback.
Cryptocurrency criminals have taken in an estimated $4.3 billion USD in 2019, according to CipherTrace.
CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market.
Libra, Facebook’s cryptocurrency to be launched as a payment service provider, requires close examination. According to a senior official at Britain’s financial watchdog, this new coin project requires deep scrutiny as it raises questions both on social and legal grounds. Facebook unveiled its Libra digital coin last month as a platform that will let one buy things or send money to people with nearly zero fees.
Last week, the world received highly anticipated news. After the story circulated through the media ranks for months, Facebook finally confirmed it. Yes, the social media giant has moved into the crypto market, rolling out a cryptocurrency called the Libra coin. While a new venture for the company, Facebook is wasting no time jumping in.
The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on June 21.
On Tuesday, Facebook and its partners unveiled its new cryptocurrency dubbed Libra coin that will transform how its over 2.38 billion users perceive the use of crypto to make purchases.
According to CNBC, Facebook will announce its cryptocurrency later in June. Further, those working on the project will be able to take their salary in its new currency—the Facebook coin.
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.
While not official, it looks like we’re going to see Facebook’s GlobalCoin sometime soon. And yet, if this rollout does happen, new research has indicated that the Facebook cryptocurrency will struggle to gain traction.
Since Monday, bitcoin price has leaped 13.5% to hit new levels at around $9000 for the first since May last year in what is seen as a bullish sign. At the time of writing, bitcoin is trading as high as $8,810 on Coinbase.
There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries.
Epic Games—the developer behind the global success Fortnite—is partnering with blockchain game distribution platform, The Abyss. The company made the announcement earlier today.
Are we on the verge of mainstream adoption for digital currencies? The list of companies accepting payment in Bitcoin is steadily growing and now one of the biggest e-commerce sites is hinting at joining that list. Global e-retailing giant, Ebay, has stirred rumors via its latest promotional adverts.
According to CNBC, Facebook said on Wednesday that it will loosen its ban on cryptocurrency advertising on its platform. The result will allow businesses related to crypto and blockchain to promote their projects on the social network. The Facebook crypto ad ban first came into effect in January 2018.
Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies.
TD Ameritrade is a financial services company and provides a trading platform through which users can trade stocks, mutual funds, investments, and much more. TD Ameritrade has reportedly around 11 million users.
The Wall Street Journal has reported that Facebook is in talks with various e-commerce companies and financial firms to support its crypto payment that is under development. So far Facebook has engaged MasterCard and Visa about the project that is known as Project Libra.
Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls.
The crypto community has known for a while that Facebook might be issuing its own cryptocurrency. And now, it appears the online behemoth might have a little competition. Reports have surfaced that athletic apparel manufacturer Nike is thinking of doing the same. The Oregon-based company even has a name for its digital currency: cryptokicks.
According to a Bloomberg report, notorious crypto enthusiast and antivirus software maker, John McAfee, claims to have spoken with Bitcoin creator Satoshi Nakamoto. Further, he says he will reveal this person’s identity.
In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run. The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase.
Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS.
In the news making headlines in the cryptocurrency industry, Harvard University Endowment has made an investment in the crypto token sale of Blockstack.
Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide.
Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto blacklist.
It’s been nearly six months in the making and now the US Securities and Exchange Commission (SEC) has finally published its regulatory guidelines for token issuers. Though many questions remain unanswered, crypto enthusiasts have finally got some clarity on the issue of “tokens as securities.”
The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
According to Medium, Bitcoin and other cryptocurrencies will be able to be sent through the WhatsApp messaging service. A new crypto wallet service developed by Wuabit will mean the sending of crypto via WhatsApp.
Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week.
Security token platform, Polymath, has reportedly partnered with digital securities fundraising platform, seriesOne, to give customers “end-to-end” solution for security token issuance.
Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform.
Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering.
The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app.
US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme.
Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum.
uBUCK Advisor Jon Malach lights up the stage at Hybrid Summit 2019.
There have been Facebook coin rumors for months in the crypto community and today, the New York Times stirred them up again. According to the New York Times report, Facebook is currently working on its own digital currency to integrate into its messaging services.
According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption.
It says a lot for cryptocurrency everywhere that one of the biggest phone brands in the world has added support for digital assets in its latest release. Samsung’s new Galaxy S10 series has done just that, with a built-in wallet function for Bitcoin, Ethereum, and two other altcoins.
Less than 24 hours ago, Samsung Mobile announced the release of its next-generation Galaxy smartphone. The new Samsung Galaxy S10 is beautifully designed, and it includes a new feature that many crypto enthusiasts might appreciate.
The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today.
A cryptocurrency bull run has taken hold of the entire crypto market. Digital coins have been rallying back (and then some) in recent days.
Canada’s largest crypto exchange Coinsquare has acquired the StellarX DEX according to a press release published yesterday.
According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year.
As of yesterday, users using a Coinbase Wallet can now back up an encrypted version of their private keys to their personal cloud storage account. These accounts include either iCloud or Google Drive. Coinbase released this announcement via its personal blog yesterday.
Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year. Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld Expo.
According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions.
One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country.
A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are much more cautious, and this new fake Bakkt website was easily identified.
Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency.
Web browser Opera announced earlier today that Android users can now buy Ethereum (ETH) directly from its browser wallet.
According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace.
The BitTorrent Token (BTT) sale on Binance took place yesterday. In under 15 minutes, $7.1 million was raised, selling 50 billion BTT token. Binance announced the conclusion of the sale via an official blog post on their website.
An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it.
It bodes well for cryptocurrencies everywhere that the CEO of the world’s largest exchange, NASDAQ, has their back. Specifically, Adena Friedman thinks they “deserve an opportunity to find a sustainable future in our economy.”
Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem.
All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news.
Japan’s GMO Internet Group has published a report on its in-house crypto mining operations. The IT giant confirmed that it took a steep hit in its overall GMO mining revenue. However, it steadily increased its monthly BTC mining rewards.
If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.”
2019 is supposed to bring a lot of things, but is a Samsung crypto wallet one of them? Maybe. According to reports, the company recently filed a UK trademark for a crypto wallet.
Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home.
According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.”
As we approach the new year, it’s time to reflect on all that happened in 2018. In the cryptocurrency sector, there were a few ups and downs, more so than in 2017, the year the crypto boom took flight. But while various companies (and coins) had their share of plunges, the number of crypto users in 2018 doubled.
The cryptocurrency market is taking a tumble again today, marking another crypto downturn for what has been a tough December. BTC has fallen another 11% in the last 24 hours. It had previously fallen 8% only one week ago today.
Crypto wants to switch up the financial sector. Why not do so while playing cards!? A Switzerland-based company is now selling Crypto Playing Cards online.
If it wasn’t enough for Binance to be the biggest crypto exchange by trading volume in the world, such is its popularity that it will now launch its own blockchain. Dubbed the ‘Binance Chain’ (give that genius a can of coke), the new blockchain is due to arrive in the “coming months” according to a Tweet today.
Nobody gets away with fraud in the SEC’s eyes. The latest pair to be hit with SEC charges include pro-boxer Floyd Mayweather and music producer DJ Khaled.
Sirin Labs’ blockchain phone is expected to begin shipping in late December, it was announced today. The phone’s final design was unveiled at an event in Barcelona.
Ten financial and tech companies have come together to establish an Association for Digital Asset Markets or ‘ADAM.’ The groups aim is to create a “code of conduct” for the cryptocurrency sector.
Ten financial and tech companies have come together to establish an Association for Digital Asset Markets or ‘ADAM.’ The groups aim is to create a “code of conduct” for the cryptocurrency sector.
As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so.
In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low.
In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low.
Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties.
The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012.
SC Johnson has just announced that it has teamed up with Plastic Bank to reduce the global ocean plastic crisis happening around the world. The companies are currently trying to increase recycling rates in impoverished …
Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the ‘CENTRE Consortium,’ which has its own website already.
Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the …
The launch date for Bitcoin futures on the Bakkt platform has been announced.
The launch date for Bitcoin futures on the Bakkt platform has been announced. Bakkt is a platform for trading, storing, and spending digital assets, and was created earlier in 2018 by Intercontinental Exchange—the …
Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the …
According to coinmarketcap.com, there are two top coins today. In the top 100, leading the pack and standing out for their double-digit gains are Tezos and DigixDAO. In 24 hours, both …
A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace? Crypto Online Transactions The …
A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace?
Circle launches Collections, a new addition to Circle’s crypto investment app. Circle Launches Collections A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the …
It’s the first of its kind. According to Forbes, a luxury condo development in Manhattan, which is valued at more than $30 million, will be tokenized on the worldwide Ethereum blockchain, making the luxury condo …
Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO?
The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led the new funding round.
The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led …
Big news has just been announced regarding the Google cryptocurrency ad ban. CNBC reported this morning that Google (NASDAQ:GOOGL) is lifting its ban on some cryptocurrency-related advertising and plans to allow regulated cryptocurrency exchanges to buy Google ad space in the US and Japan.
Big news has just been announced regarding the Google cryptocurrency ad ban. CNBC reported this morning that Google (NASDAQ:GOOGL) is lifting its ban on some cryptocurrency-related advertising and plans to allow regulated cryptocurrency exchanges to …
Japan’s SBI Holdings just announced that it is testing a cryptocurrency to be used for retail purchases. SBI published the news via a press release on its website this morning.
Juventus soccer club is giving fans something different to shout about. The Italian soccer club announced today that it will launch its own fan token. Rival Paris Saint-Germain made a similar announcement two …
Juventus soccer club is giving fans something different to shout about. The Italian soccer club announced today that it will launch its own fan token.
Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his …
In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations.
Plans for LINE’s token-powered ecosystem have been unveiled. The messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning.
Plans for LINE’s token-powered ecosystem have been unveiled. The messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning. LINE’s plans are ambitious; it wants to launch …
According to a crypto jacking report published by the Cyber Threat Alliance (CTA), crypto mining malware infections are up nearly 500% in 2018.
Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the …
Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall.
Two EOS gambling platforms have been hacked in the last week. An amount totaling $250,000 USD. In the same week, another platform, EOSBet, paid out $600,000 to one user in a claimed ‘jack-pot,’ though some aren’t so sure. What’s going on? What’s with the EOS hacks?
In today’s edition of Crypto Daily News, we’ll cover the details of the SpaceX engineer’s new crypto exchange and what Zimbabwe’s Finance Minister said about crypto lately.
Jack Ma, Alibaba’s Executive Chairman, has never been shy about his thoughts on the newest and latest technology. The Chinese businessman, investor, and philanthropist has been a long-proponent of blockchain technology but recently made a firm statement on its future. Let’s take a closer look at Jack Ma on blockchain.
In today’s edition of Crypto Daily News, we’ll cover the details of the SpaceX engineer’s new crypto exchange and what Zimbabwe’s Finance Minister said about crypto lately.
Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated stablecoin.
Crypto project Carbon is launching its own stablecoin called CarbonUSD.
In today’s edition of Crypto Daily News, we’ll cover the details of OKEx’s founder being arrested by Shanghai police and the story on the man losing his life savings after Bitcoin (BTC) crashed.
The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens.
Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone.
The cryptomarket is fumbling at the moment. The reason could be the SEC’s decision to cease trading on two exchange-traded notes or ETN’s.
In today’s edition of crypto daily news, we’ll look at a new survey that shows that 80% of Americans have heard of Bitcoin, as well as at the details of Twitter looking in blockchain technology.
In today’s edition of crypto daily news, we’ll look at a new survey that shows that 80% of Americans have heard of Bitcoin, as well as at the details of Twitter looking in blockchain technology. …
The total cryptocurrency market is currently in the middle of a correction that is causing major panic across the community but is also majorly upsetting the long-time crypto enthusiasts. Is this the worst crypto crash we’ve experienced?
From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, we’ve been introduced to four GBP crypto trading pairs.
Goldman Sachs (NYSE:GS) has finally clarified that a cryptocurrency trading desk is not in its plans for the foreseeable future.
Goldman Sachs (NYSE:GS) has finally clarified that a cryptocurrency trading desk is not in its plans for the foreseeable future. Some investors must feel downtrodden about this news. Let’s find out what’s going …
Iran’s Supreme Cyberspace Council Secretary, Abolhassan Firoozabadi, just revealed that various entities within the country’s government have accepted cryptocurrency mining as an industry. The local news agency IBENA reported the Iran crypto news just this morning.
In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app.
In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app.
China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with …
Two days ago, Venezuela’s President, Nicolás Maduro, ordered the nation’s banks to adopt the Petro digital currency, so now Venezuelan banks must accept Petro. In a bid to reform the nation and alleviate …
Digital asset minding company Kingdom Trust announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss.
In today’s edition of Crypto Daily News, we’ll cover the seven premier league teams that just signed a deal with eToro for advertising. Also, we’ll touch on the new study out that shows Bitcoin’s carbon footprint now equals a million trans-Atlantic flights.
The Kik mobile messaging service announced back in May 2017, that it would be launching a new cryptocurrency named Kin as the first step to developing its Kin ecosystem; a decentralized ecosystem of digital services. …
In today’s edition of Crypto Daily News, we’ll cover the updates of nearly one trillion dollars worth of Bitcoin (BTC) has already been traded in 2018 and Coinbase making steady progress in enhancing its platform.
LINE, the Japanese messaging giant, has today announced the launch of its token venture fund. The Token venture fund will have a capital commitment of $10 million USD via LINE’s subsidiary, Unblock Ventures. …
Bitcoin has recruited another influential bull in the form of Robert Kiyosaki—author of the famous financial self-help book Rich Dad, Poor Dad. Kiyosaki has declared Bitcoin and cryptocurrencies in general, as the “currencies of the …
In today’s edition of Crypto Daily News, we’ll cover the World Bank preparing to launch the world’s first blockchain bond and why Facebook executive David Marcus is stepping down from Coinbase.
In today’s edition of Crypto Daily News, we’ll cover Microsoft’s latest tech that runs on the Ethereum network and OKEx’s troubles launching its Bitcoin (BTC) futures.
The Opera web browser will soon have a built-in crypto wallet for its desktop application.
In today’s edition of Crypto Daily News, we’ll cover Barclays’ denial of any form of cryptocurrency projects, the number of Bitcoin (BTC) ATMs currently distributed around the world, and Ethereum Classic’s status on Coinbase Pro. …
In today’s edition of Crypto Daily News, we’ll cover Barclays’ denial of any form of cryptocurrency projects, the number of Bitcoin (BTC) ATMs currently distributed around the world, and Ethereum Classic’s status on Coinbase Pro.
In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news.
In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked.
TravelbyBit: In a move to try and boost tourism in Australia’s second-largest state – Queensland, the residing government has proposed it will back a local crypto payments startup using it’s new ‘Advance Queensland Ignite Ideas’ grant.
Yesterday, cryptocurrency-focused merchant bank Galaxy Digital Holdings Ltd. (GLXY) started trading on the Toronto Stock Exchange. The stock lost a lot of momentum but closed the day in the green.
TravelbyBit: In a move to try and boost tourism in Australia’s second-largest state, Queensland, the residing government has proposed it will back a local crypto payments startup using its new ‘Advance Queensland Ignite Ideas’ grant. …
Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018.
In today’s edition of Crypto Daily News, we’ll cover the NFL’s latest deal in crypto, Thomson Reuters’ partnership with Crypto Compare, and Bitcoin (BTC) dropping below $8,000.
There are numerous people and groups in the crypto industry that want a crypto ETF. The Gemini exchange is one, and BitWise is another. Over the weekend, the CEO of Fatfish Internet Group joined the conversation. But is there a crypto ETF coming soon, or is this false hope? After all, the SEC has a different opinion.
In today’s edition of Crypto Daily News, we’ll cover the crypto market taking a hit after an SEC ruling, and the CEM announcing that altcoin futures aren’t going to be released anytime soon.
Formerly known as Moneybookers, the popular online payment operator Skrill has just announced big news in the crypto space. Skrill adds coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
In today’s edition of Crypto Daily News, we’ll cover the crypto market taking a hit after an SEC ruling, and the CEM announcing that altcoin futures aren’t going to be released anytime soon.
On today’s segment of Crypto Daily News, we’ll cover the thriving Bitcoin (BTC) and the cryptocurrency market, Venezuela’s president trading the national currency for one tied to its ‘Petro Coin,’ and MetaMask being removed from the Google Chrome store for a few hours.
A bittersweet moment hit the crypto industry Wednesday morning. At the start of the week, platforms were alerted that crypto ads on Google were back. Specifically, advertisements for Coinbase. However, this was all speculation, and we even noted that it could be a mistake—and that’s what it was.
Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions.
Bitcoin is bullish and then some. The coin is still on an impressive bull-run.
Crypto enthusiasts woke up to a surprise this Monday morning. It seems that, after a Western media ban, crypto ads on Google are back. Or at least, the search engine is back to promoting ads of Coinbase.
We know their names, but that’s not always enough. To appreciate the young in the world of business, Fortune, a multinational magazine, publishes its ’40 under 40′ list every year. Yesterday, the 2018 Fortune 40 under 40 list was released—and four crypto players made it. Vitalik Buterin makes Fortune 40 under 40, plus more!
Yesterday, bulls charged the crypto market, which caused Bitcoin to add $9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way.
The cryptocurrency market is booming this morning after a slew of crypto-positive announcements have hit the media. Is a crypto bull run upon us?
UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies.
In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology.
Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. The token is launched on the Stellar network.
Robinhood adds Dogecoin: It was all smiles yesterday when Robinhood, a stock trading app, revealed that it added Dogecoin to its platform. But behind the scenes, some are unsure of this event.
2019 CFA exam: “We saw the field advancing more quickly than other fields,” says Stephen Horan, the GE managing director at the CFA Insitute. “This is not a passing fad.”
In today’s edition of Crypto Daily News, we’ll cover the winner of the Crypto World Cup, BlackRock eyeing Bitcoin, and the details of American Express’s blockchain exploration.
The King has left the hedge fund building. Now, Steven Cohen, otherwise known as the ‘Hedge Fund King’, has entered the world of cryptocurrency. Yes, the headlines are true: Steven Cohen invests in a crypto hedge fund.
Trump crypto fraud task force: Earlier this year, the United States government revealed that it was looking at cryptocurrencies, with a particular focus on market fraud, and that it was developing a “comprehensive” strategy around virtual currencies.
A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already.
It’s only been four months since the last MyEtherWallet hack, but the crypto wallet platform is at the center of yet another security breach. This time, however, the breach involves the Hola VPN.
In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States.
Crypto Second Half of 2018: Investors were not pleased with the first half of 2018. While some focused on the S&P 500 (it’s up 1% YTD, instead of the usual 3.5%), others focused on cryptocurrencies.
Venezuela Petro cryptocurrency: Lldemaro Villarroel, the Venezuelan Minister of Habitat and Housing, just announced that the Venezuelan government is planning on using the national cryptocurrency Petro to house the homeless, Criptotendencia reported yesterday.
Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November.
Facebook Reverses cryptocurrency ad ban: Facebook banned crypto advertising on its platform back in January of this year. This was a blanket ban on all ads crypto-related necessary to protect its users from illegitimate promoters.
Robinhood Crypto: Rumors are circulating the crypto industry this Tuesday morning. Normally, we see rumors of exchanges adding certain cryptocurrencies – but today, things are a little different.
Japan Cryptocurrency Tax: Taro Aso, the Deputy Prime Minister and the Minister of Finance for Japan, has concerns over cryptocurrency taxes in his country but believes it to be doubtful that the public would accept any changes made to the cryptocurrency taxation law.
Charlie Lee on CNBC: Charlie Lee, founder of Litecoin (LTC), chatted with CNBC about the recent Bithumb hack, Bitcoin price, and the Lightning Network.
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas, it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC) with an ambition to acquire the necessary licenses to allow them to receive a national banking charter, which would effectively class the platform as a bank.
We all know it can be a pain to exchange foreign currency, but Amsterdam’s Schipol Airport is trying to help people avoid that hassle. Travellers going through Schipol Airport will now be able to exchange any leftover euros for cryptocurrency!
Akon launches Akoin: To add to the list of celebrities that have been entering the cryptocurrency market, singer Akon has announced that he has launched his own cryptocurrency called Akoin.
Square, a payment processing tech company owned by Jack Dorsey, just announced that it has obtained a New York BitLicense. Square App is just the seventh company to receive this approval from the New York State Department of Financial Services (NYDFS).
As of this Monday, June 18, 2018, the Freedom of the Press Foundation accepts cryptocurrency donations. But what tokens is it accepting?
Walmart Creating a Bitcoin-Powered Electrical Grid – In many ways, blockchain technology is going to provide the world with a lot of good. However, the technology does have a couple of downsides. While there is an increasing concern over the energy consumption of blockchain, companies around the world are trying to reduce this problem’s severity.
Top Crypto News – The second full week of June is now over, and a lot of stuff went down. To say that the week started off poorly would be a bit of an understatement, too. However, things picked up towards the end of the week.
Steve Bannon Moves into Crypto – In August of 2017, President Donald Trump decided to remove Steve Bannon from his administration. Since then, Bannon has been the subject of scrutiny. In fact, some have recently gone as far as saying he is a man who disrupted U.S. politics. Now, however, it’s June of 2018, and Steve Bannon has moved on from politics. Specifically, he’s moving onto cryptocurrency.
The UK’s Financial Conduct Authority (FCA) issued a letter on Monday to bank CEOs over the potential risks that they face when dealing with cryptocurrencies.
By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons.
Crypto bears and crypto bulls – we know ’em, we love ’em, well, some of them at least. Shots have been fired in both directions, and the battle lines have been drawn. Who will come out on top? This is crypto bears vs. crypto bulls.
Microsoft Bought GitHub: Even from a company as technologically advanced as Microsoft, the announcement that it acquired GitHub on the morning of June 4th took a lot of people by surprise. In the past, Bill Gates, founder of Microsoft, has critiqued the crypto sector, which is why many are skeptical of this purchase. It’s not that Microsoft is a bad company, it’s that many are worried about the effect this acquisition will have. Specifically, on virtual currencies like Monero (XMR).
A crucial month for cryptocurrency: John McAfee has predicted a 100% Bitcoin price (BTC) growth. Is it turning into reality? John McAfee, the founder of McAfee Software, has recently made a bold claim that Bitcoin price could trade at around the $15,000 mark in June.
Yes, that’s right —president. John McAfee tweets his presidential intentions to “best serve the crypto community by providing the ultimate campaign platform for us.”
Microsoft, the global software giant, just announced that it will be acquiring GitHub.
Mount Everest Crypto Stunt: Most crypto enthusiasts are aware that May was a busy month. There was stuff happening in the space almost every week. Companies announced new partnerships and rolled out new projects. Governments around the globe met to discuss crypto regulation. And some cryptocurrencies plunged on the market for what seemed like the entire month.
Cryptocurrency market rebounds: The cryptocurrency market has bounced back sharply, but risks of a complete crash aren’t out of the question, just yet. Crypto coins rose sharply on Tuesday in a bid to defend the critical support levels, as analysts were predicting enormous losses for the entire market if the bears managed to breach those support levels.
Bitcoin Cash price (BCH) rebounded from a one-month-low of $890 amid a broader market rally. The fourth largest coin rose at a double-digit rate in Tuesday’s trade and is increasing at a mid-single digital rate today. The BCH coin trades above $1K today – with the market cap of $17.4 billion. The coin gets the majority of volume from the Asian markets.
Is crypto in a bubble? The question has been asked a lot recently. Consensus 2018 ended not too long ago; the week-long conference, held in New York City, dedicated entirely to blockchain and cryptocurrency, made it seem like the crypto space was hot, and all was good.
The Cryptocurrency markets have been struggling to create a solid bull-run. There’s been a lack of support from market fundamentals and the total market capitalization fell to $300 billion earlier today for the first time in the last six weeks.
The broader market selloff has wiped $146 billion off of the cryptocurrency market in the last three weeks alone. The majority of the top ten coins posted a double-digit decline in the previous week. Cardano (ADA) and Bitcoin Cash (BCH) were among the biggest losers. Both coins lost 25% of their value last week. Ethereum (ETH) was the third biggest loser followed by Stellar (XLM) and IOTA (MIOTA).
Crypto trading is popular. In fact, in 2018, that may be a bit of an understatement. Demographics across the board have started crypto trading, investing both time and money in the sector. Don’t get me wrong, cryptocurrency has its benefits. However, with the good comes the bad, and some people are treating crypto trading as if it were gambling. Yes, crypto trading addiction has become a very real thing.
Manipulating Crypto Prices? The interest of financial regulators in crypto-related businesses seems to be growing at the same pace as their adoption by an ever-increasing number of users.
If you thought the porn industry wasn’t involved in crypto enough, then you’re in luck. Stormy Daniels is adding VIT to her adult website.
Bitcoin Cash price (BCH) slid below the $1,000 level today as US regulators launched a criminal investigation against illegalities and cryptocurrency market manipulation activities.
Bloomberg reported on May 22 that recognizing Bitcoin as a form of foreign currency may have an impact on the decision of the US Department of Defense (DoD) to recruit new employees.
Minneapolis Federal Reserve President Neel Kashkari has loudly discarded the cryptocurrency market’s potential to survive long-term, saying it has become a “farce” due to unregulated chaos and escalating fraud.
The Government of the Marshall Islands is becoming a world reference in the adoption of cryptocurrency thanks to the official promulgation of the Declaration And Issuance Of The Sovereign Currency Act. A legal tender cryptocurrency that could change the current situation regarding the valuation of cryptocurrencies.
India Cryptocurrency Tax Proposal: India has proposed a crypto tax in the form of GST or the Goods and Services Tax. A proposal was created to implement an 18% GST on cryptocurrencies.
India’s Tax on Cryptocurrency: Bloomberg announced yesterday that India may soon impose an 18% GST on cryptocurrency transactions despite the country’s legal ambiguity. At present, the Intermediate Indirect Tax and Customs Committee are reviewing the proposal and submit it to the GST Council after completion.
Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said in an interview with Business Insider that he had been named CEO of a cryptocurrency startup named Crypterium. O’Brien was the CEO of VISA UK from 2008 to 2014. During the interview, he said that the Crypterium team is working hard to promote the acceptance of cryptocurrencies like Bitcoin and Ethereum and make them legitimate payments. Tools that allow users to use them for daily product and service transactions, tools like crypto debit cards.
Crypto scams are a prominent problem within the crypto industry. Even though the problem has been addressed on many occasions, and many are fighting to solve it, that doesn’t mean that the general public can sit back and not do their part to stay vigilant.
Big investors and business icons are rejecting cryptocurrency as a viable medium for exchange. The market has been struggling to become a “reliable currency” despite several countries legalizing digital currencies and crypto exchanges. Bearish remarks from trend makers have been negatively impacting the crypto market.
According to security research firm RiskIQ, a criminal group planned a phishing attack using a malware called MEWKit.
Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone.
The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry.
Blockchain technologies and cryptocurrencies keep gaining followers in a new course of action that is notably refreshing for the markets. One of the most notable “embracers” was the French Minister of Finance, Bruno Lemaire, who declared himself to be passionate about cryptocurrencies:
According to a Business Insider report on May 17th, JPMorgan Chase, the leading US banking group and financial services company, recently created and filled a new position— the head of Crypto Assets Strategy.
The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!
The cryptocurrency market hasn’t gained momentum despite several underlying developments in the last two months. Bitcoin and the rest of the virtual currencies lost the majority of gains that they achieved at the beginning of the month, pulling out almost $90 billion from the total cryptocurrency market capitalization in the last two weeks.
Consensus 2018 has come to an end. Instead of feeling upset, now is the time to reflect on all the news that various organizations announced. So, without further adieu, here are some Consensus 2018 highlights.
Consensus 2018 Updates: The Consensus summit is an industry event famed for creating excitement and price hikes in the cryptosphere. However, while there was much positive news to write home about, the Consensus also shed light on some not-so-encouraging opinions and facts. Here are some areas of concern to take away with you from this years summit…
Bing Bans Crypto Advertising: Microsoft’s Bing browser has banned crypto-advertising. Microsoft now joins the ranks of several other companies that have done the same, including Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) and Twitter (NYSE:TWTR). All three companies implemented their bans on cryptocurrency advertising earlier this year and have said in some form or other, that the decision will ensure the safety of their users from deceptive advertising.
Circle App – Boston-based fintech company Circle, has its sights on making a faster and better digital version of the U.S. dollar.
NY Consensus Conference Day 1: Blockchain Week has begun with great enthusiasm for both technology enthusiasts and businesspeople around the world. Expectations have been met, and even exceeded in some cases.
The three day New York cryptocurrency conference kicked off on Monday. The Consensus Summit NYC see’s leading industry experts such as Twitter’s CEO Jack Dorsey, the Federal Reserve Bank of St. Louis President James Bullard and FedEx CEO Frederick Smith, talk about the emerging market and upcoming breakthroughs in the blockchain and crypto sphere.
The IBM made waves in the crypto market today. To top it off, the International Business Machines Corp. took Stellar along with it for the ride. IBM and Stellar have teamed up, with IBM issuing a token using a public blockchain.
On May 11, the anonymous philanthropist- “Pine”, curator of the Pineapple Fund, published a touching message in Reddit announcing their withdrawal from the crypto-sphere.
Cardano [ADA], the 7th largest cryptocurrency by market cap, is looking far-beyond becoming just a payment system for the regular cryptocurrency investor. Charles Hoskinson, CEO of Cardano and co-founder of IOHK, had an interview with Rachel McIntosh back in February discussing his long-term vision for Cardano.
Cryptocurrency markets have been under pressure over the last week albeit extensive support from market activities and bullish price bets. The total cryptocurrency market capitalization continues to trade in the range of $400 billion as market trends aren’t supporting bulls stance.
Crypto Adoption in Australia: The Australian government’s work to prevent tax evasion is growing. Efforts seem to be moving towards a gradual decline in cash availability, which represents an essential opportunity of growth for cryptos and alternative means of payment.
Speaking on the latest episode of CNN podcast “Boss Files”, Adena Friedman, CEO of Nasdaq gave an indication of her optimistic position regarding the future perspectives for cryptocurrencies. The famous businessperson and female inspirational figure mentioned that according to her perceptions, the use of cryptos could represent an evolution or at least an important innovation in the way traditional finance is handled.
The second week of May is over, and a lot went down. Especially in the crypto industry. There’s some stuff the crypto community will want to reflect on over the weekend; so, here is this week’s top crypto news.
Debates over the suitability of Bitcoin as a payment system continue. Last week, CFTC chairman J. Christoper Giancarlo stated he does not believe Bitcoin to be an “ideal” payment system. The chair has this mentality despite also saying Bitcoin has similarities to gold.
Cryptocurrency markets are under pressure for the third straight day after hitting the two months high on Sunday. Positive reports — including the potential launch of cryptocurrency trading on Wall Street and the upcoming Consensus Conference beginning May 14 — don’t seem to be having any influence over the market. Could it be that the good news is trumped by the recent outspoken bearish stances from legendary investors Warren Buffett and Bill Gates?
The cryptocurrency industry just got another player. On Wednesday, Bloomberg and Galaxy Digital Capital Management LLP launched the Bloomberg Galaxy Crypto Index (BGCI). This is pretty significant news, and if you haven’t clued in as to why just yet, don’t worry – you’ll understand soon.
Cryptocurrency markets were in the red over the last two days, now today, the majority of coins are making small sideways movements. Bitcoin price lost all the gains that it generated during its weekend rally. Bearish calls from top rated market analysts created a broader selloff in cryptocurrency markets.
The rising popularity of bitcoin in recent days does not seem to be subsiding. According to Tom Lee, CEO of Fundstrat, Bitcoin could boost its bullish behavior thanks to the annual “Consensus Summit” conference.
The bull-run in cryptocurrency market has ended after Warren Buffett and Bill Gates completely rejected cryptocurrency in a show on CNBC. The world’s wealthiest investors and business icons are showing their concerns over the significant growth in Bitcoin (BTC) and other digital currency prices.
Warren Buffett criticism: Warren Buffett, the legendary investor, has frequently been criticizing the cryptocurrency markets. The chairman of Berkshire Hathaway doesn’t have any enthusiasm in the emerging market. He believes cryptocurrencies are neither an asset nor a currency. And thus, he thinks it shares similarities more towards gambling and not investing.
Last month, Verge (XVG) made the big announcement that it was partnering with PornHub. The coin saw over a 330% increase in anticipation for this partnership announcement.
The cryptocurrency market plummeted sharply today after striking two months high during the weekend. The top ten coins are in the red today, and the majority of them are declining at a mid-single-digit rate. Trader’s profits taking combined with resistance from bears are helping in pulling back cryptocurrency prices from fresh highs that they achieved during the weekend.
Crypto scams are a known problem within the crypto space. People are trying to get a hold on the issue, but a guaranteed solution has yet to be discovered. Now, influential leaders around the globe are speaking out. Specifically, about the crypto scams using their face and names.
The first week of May is over, and what a week it was. There is a lot to reflect on, especially with everything that went on in the crypto space. So, without further adieu, here is this weeks top crypto news.
Bacoin: A few days ago, a cringe-worthy cryptocurrency ad campaign was launched by Oscar Mayer. It was pretty horrendous, and while most of the world tries to forget what they’ve seen, a man named Kirk Steele announced he is putting his foot down on the matter. Steele isn’t taking a stand because he found the ad campaign to be in poor taste, however. It’s much more than that.
Crypto scams go hand in hand with the cryptocurrency market. In fact, as the interest in the crypto market increases so do the number of crypto scams. It’s a growing problem, but that doesn’t mean people aren’t working towards solving it. The Winklevoss twins are trying, as is Martin Lewis – a British journalist who filed a lawsuit against Facebook for allowing his name to be used in crypto scams on the platform.
Cryptocurrency markets are extending gains that they generated in the last 36 hours. Bulls believe that Cryptocurrencies are the future of finance and speculations regarding the entrance of institutional investors into crypto markets encourage trader’s sentiments. The market analysts are also seeing strong buying opportunities in crypto space albeit the rally of 33% last month.
Dubai Bitcoin Robbery: Thanks to Artificial Intelligence Technologies and smart patrolling, Dubai police have been able to capture ten members of a gang who robbed more than $1.9 million through a fake over-the-counter purchase offer.
Turn gold into crypto assets: It’s not uncommon for someone to mention gold while discussing Bitcoin (BTC). The latest to do so, however, is Barry Silbert, CEO of the Digital Currency Group. According to Silbert, Baby Boomers’ children are likely to turn gold into crypto assets. That is, the gold inherited from their parents. Is that true, though?
U.S. District Judge Paul Oetken in Manhattan who is handling the case: “Alibaba Group Holdings Ltd v. Alibabacoin Foundation et al, U.S. District Court, Southern District of New York, No. 18-02897” denied the claims of Jack Ma’s companies who were attempting to force the closure of the ICO of Alibabacoin (ABBC).
A London-based crypto wallet provider has designated San Francisco to be its new home. More specifically, Blockchain – both a wallet and data provider, announced Tuesday that it will be opening an office in the hilly city.
Crypto in April: April was a good month for crypto. Don’t believe us? Check out the numbers. We’ve broken down how well each coin performed for the month of April and every coin in the top 30 grew. EOS and Tether (USDT) saw the best and worst movement for the month. Can you guess which coin moved the most?
CoinMarketCap, the website most used by crypto investors to check real-time coin prices, just announced huge updates to its platform this morning. The website was launched five years ago today, and the company is celebrating big. In addition to a brand new iOS mobile app, the website unveiled a brand new site design and logo, launched a ‘watchlist’, and has updated its public API.
It is the first week of May, the crypto space is buzzing and there is a lot happening. Despite all of the top coins being in the red today, the crypto sector has seen numerous announcements made this week. And it’s only Tuesday. Here are six of the top announcements.
Cryptocurrency markets are still favoring the bulls stance despite Warren Buffett’s lack of confidence and criticism on the ever-emerging digital currency market. Bitcoin price (BTC) rose to the $9500 level on Sunday. Several altcoins are also reaching new highs this year. Indeed, EOS – the fifth largest coin, has attained its all-time high on Sunday trading.
The Circle platform is going to be making some major waves in the crypto space over the next 3 weeks. It all started on Monday, April 30, when Circle disclosed that it is adding Zcash (ZEC) to its list of offerings for its investment app, dubbed the Circle Invest platform.
Bithumb to List Kyber Network and OmiseGo: Both Kyber Network (KNC) and OmiseGo (OMG) are surging today. Why? Likely because Bithumb, South Korea’s largest crypto exchange, is forecasted to list both tokens later this evening.
The cryptomarket seems to be recovering from the downward spiral that caused it to lose more than half of its value during the first quarter of the year. That seems to be the general sentiment in the blockchain investor ecosystem, and a Fundstrat poll surveying institutional investors corroborate this information.
On Thursday, a question was posed to the crypto community on Twitter, regarding Deutsche Bank (NYSE:DB). Or, perhaps, it was less of a question and more of an idea. Regardless, it got people talking.
Several crypto exchanges have temporarily suspended ERC20 deposits due to the discovery of an Ethereum smart contract bug.
Daniel Masters not only believes that cryptocurrencies will have a good future, he actually thinks they ARE the future. And if his words speak louder than his actions, in a CNBC “Fast Money” interview he explained his mindset:
The Winklevoss twins have had enough of the crypto cheaters. The Internet entrepreneurs, who are also Olympic rowers, have been involved in the crypto space for quite some time, and now, the Winklevoss twins just made history in it.
Crypto scams are not new. In fact, we have seen many this year. It’s a recognized problem within the crypto space, and now it appears one British finance behemoth has had enough. Now, Martin Lewis is suing Facebook. Lewis has had enough of Facebook acting as the platform in which crypto scams are performed. Especially scams that use his name and his face.
What is the total market of Cryptocurrency worth right now? It may surprise some to hear that the market cap has exceeded the $420 billion level for the first time in seven weeks: the emerging coin market has increased at a robust pace over the previous two weeks driven by prompt growth in altcoin prices. The traders are attributing the bull-run to the end of tax season and increasing confidence in cryptocurrency markets.
Thirteen hours ago Litecoin’s founder, Charlie Lee, reintroduced a partnership to his nearly 800K followers via his personal twitter. Coinbase, the US’s largest cryptocurrency exchange, signed a partnership deal with Shift Card back in late 2015. Shift Card works with over 38 million global merchants, which allows Coinbase users able to spend their Bitcoin(BTC), Ethereum(ETH), and Litecoin(LTC) virtually anywhere.
Litecoin’s speed and cost-effectiveness were displayed only a few hours ago and has given weight once again to the idea that “Cryptocurrencies will replace traditional money transactions in the future”. This statement is often repeated by enthusiasts every day but is ridiculed by supporters of conventional monetary systems.
Litecoin has been a crypto that has managed to overcome adversity. Created as a faster and cheaper alternative to bitcoin, this “old” cryptocurrency has had a very active journey during its existence, becoming one of the five most important cryptos in the ecosystem.
Crypto scams Asia: In less than 24 hours, the governments of China and South Korea have dismantled two organized groups that were in charge of promoting pyramid schemes by using cryptocurrency investments as a background. This decision seems to further reinforce the firm position of both governments in the fight against the criminal use of blockchain technologies.
There’s a crypto market upswing happening. This is further evidence of the unpredictable nature of crypto but at least this time the coins move in favor of the bulls. The upswing has continued into this week.
This morning via a press release, IBM announced that Batavia passed its first live pilot transactions. Batavia is a blockchain-based trade finance platform that was developed by a group of banks around the world and IBM. These banks include Bank of Montreal (BMO), United Bank of Switzerland (UBS), CaixaBank, Erste Group, and Commerzbank.
Pornhub accepting Verge (XVG): The adult entertainment industry has taken a liking to cryptocurrency space. That’s not new information, though. In fact, we’ve known about the industry’s interest since the start of last month, when Play Enterprises disclosed that it would be creating an online crypto wallet.
The cryptomarket has entered most sectors – from charity to gaming to banking, the use of blockchain and cryptocurrencies have been incorporated in many areas. However, there has been one sector left out (perhaps because of legal fears); the market for children. Children and cryptocurrency is a taboo that many have refrained from discussing, but nevertheless, a team of developers and designers have created Pigzbe: “A piggy-wallet powered by Wollo, a family-friendly cryptocurrency.”
The crypto markets are moving up and down today, with the majority of the top ten coins by market capitalization in red territory. In fact, all but one of those coins is in the red zone. Not the best way to start off the week, is it?
Crypto Taxes – As April 17th closes in Credit Karma, the highly used Tax platform in the US, announced that less than 100 people have reported capital gains from cryptocurrency investments in 2017. CNBC reported that this figure was out of the 250,000 most recent tax filers.
Indian crypto exchanges are responding to the Reserve Bank of India (RBI)’s ban on cryptocurrency by considering relocating out of the country.
22 EU Countries Sign Blockchain Partnership: Digital Day 2018 was held yesterday, and the European Commission lead the signing of a Declaration which constructs a European blockchain partnership made up of 22 European countries. The EC’s VP, Andrus Ansip, called on Europe to lead the way in digital innovation by embracing blockchain technology and artificial intelligence. In his speech yesterday in Brussels he said:
Timothy Enneking, managing director of Crypto Asset Management, LP, believes the bear market is largely over. He and other analysts believe that bears are losing their grip on cryptocurrency markets: cryptocurrencies are the green today after experiencing significant volatility since the start of this year. The market pundits expect digital currencies to regain momentum during the second quarter after posting substantial losses in the first quarter.
You remember Jamie Dimon, right? The JPMorgan Chase (NYSE:JPM) CEO who once called Bitcoin (BTC) a major fraud back in September of last year. Reuters just reported that JP Morgan Chase is being sued for the unauthorized fees added to customer accounts for cryptocurrency purchases. The Manhattan federal court is accusing JPM of implementing charges on cryptocurrency purchases without warning its customers; when cryptocurrency was bought with its credit cards, JPM charged the purchases as cash advances, unbeknownst to the buyer.
If you’re in the crypto sphere on Twitter, then you’re probably aware of the multitude of fake crypto Twitter accounts that are spamming scam giveaways. Like an annoying mosquito, these tweets just keep on coming – so, how much of a problem is it really?
Cryptocurrencies are in the red despite rumors that institutional investors are planning to get involved in crypto markets. George Soros, who was among the prominent critics, has now started changing his stance towards crypto markets. George Soros had described Bitcoin as a “bubble” at the beginning of the year in a speech at the World Economic Forum in Davos, Switzerland.
Tron (TRX) vs. Ethereum (ETH). Vitalik Buterin, Ethereum’s notorious leader, has been on a confrontational rampage lately starting with his April fools meta-joke about “capping” the supply of Ether at 120 million. After explaining his thoughts on the proposal he found valid, Buterin wanted to point out his well-hidden joke bringing back up the Tron whitepaper plagiarism accusations.
South Africa might be taking a different approach to crypto regulations. Rather than implementing government-based regulations on cryptocurrencies, a self-regulatory approach may be adopted.
The threat of a trade war between China and the U.S may have a real impact on the cryptocurrency markets. The cryptocurrency collapse extended since the start of the second quarter. Along with increasing regulations and bans from Google, the trade war threats have also been eroding crypto investor’s sentiment. Bitcoin plummeted below $7000 again following a brief rally at the beginning of the week, down 12% in the last seven days.
Wall Street analyst Thomas Lee believes that tax season will cause a massive crypto selloff, as reported by CNBC. Why? Because U.S. households likely owe as much as $25 billion in taxes on cryptocurrencies.
OmiseGo [OMG] is the 21st largest cryptocurrency by market cap. The project’s founder, Jun Hasegawa, and Ethereum’s founder, Vitalik Buterin, just donated the equivalent of $1 Million USD in OMG tokens to refugees. The pair used the GiveDirectly platform as a way to deliver the funds to the individuals living in extreme poverty.
Major banks across the United States have banned together and have banned cryptocurrency purchases on most credit cards across the country. The three major groups that are taking part in this cryptocurrency ban include Bank of America (NYSE:BAC), J.P Morgan Chase (NYSE:JPM) and Citigroup (NYSE:C).
We at Cryptocurrencynews.com, CCN, are excited to announce that we have been placed into the Top 100 Cryptocurrency Blogs, as rated by Feedspot.
With March now behind us, the question now becomes… What coins were up for the month and what coins dropped? Sit back and relax, because we’ve done all the work for you – We created a Crypto March Overview to check out the stats of the month.
With the culmination of the G20 summit, the fears of many alarmists and Bearish traders subsided. For the crypto ecosystem, the summit ended satisfactorily. No negative announcements were made, in fact, the demonstrations of support drove a bullish trend in Bitcoin prices. The lack of an official statement determining a policy was mainly due to the necessity of achieving a global consensus on this issue since several countries had different considerations, making it necessary to discuss the issue in depth.
Ripple (XRP), Cardano (ADA), and NEM (XEM): one of these coins has dropped the most since 2018 started. Which coin do you think it is?
What hasn’t cryptocurrency taken over yet? For one thing, vehicles, but this may not be the case for long. Vehicle manufacturer Ford Motor Company wants to use cryptocurrency technology to infiltrate cars so that they can communicate with each other while driving.
As reported by Bitcoin.com, the European cryptocurrency payment gateway Coingate has joined forces with the open source e-commerce solution Prestashop. The result? Approximately 80,000 new European merchants will now have the option to accept cryptocurrencies as payment.
Crypto scams and frauds are tightly connected to the cryptocurrency markets due to their unregulated nature and lack of trading guidelines. Regulators, analysts and advertisement companies have been criticizing crypto coins with concerns related to illegal activities. Mark Carney thinks crypto traders are fools while Business magnates like Bill Gates and Warren Buffet call it a market for criminals.
LitePay was supposed to bring new light to Litecoin (LTC). LitePay was not only going to offer a new crypto wallet specific for LTC, but also the LitePay debit card, which users could have used to convert Litecoin into U.S. fiat currency. Instead, ineffectual business handling and less-than-communicative responses have led LitePay to lose its support from the Litecoin Foundation and for the whole operation to be shut down.
Originally published: March 20th
After a series of legal initiatives by various states to regulate crypto activities, the IRS issued a publication to all Americans reminding them of the mandatory disclosure of all profits made through the use of virtual currency.
Twitter CEO, Mr. Jack Dorsey, said in an interview published today by the well-known British newspaper “The Times” that according to his predictions, Bitcoin will eventually dethrone the Dollar and the Euro from their position and become the most important currency worldwide.
Update: March 20th, 2018
Cryptocurrency mania has created a lot of excitement in the financial world; the alternative currency has accumulated more than $850 billion of total market capitalization at the peak of their popularly. The value of a single Bitcoin (BTC) reached almost $20,000 early this year only due to speculations and price manipulation activities – despite the coin actually having no intrinsic value and revenue stream. However, the crypto bubble will burst according to the sentiments of major financial players.
Google Ban Cryptocurrency Advertising – you heard right. There is a possibility that cryptocurrency ads may be banned from the world’s no.1 search engine.
It’s no puzzler that unregulated cryptocurrencies make cryptocurrency scams easier for hackers to develop techniques and schemes for looting the general public. The market has recently witnessed huge losses after hackers had stolen almost $900 million from Coincheck, Bitconnect and BitGrail exchanges. Initial Coin Offerings also provide an easy path for scammers to generate funds in the name of a ‘new coin’.
Encouraged by country leaders and banks, major advertising companies have been banning cryptocurrency related-ads on their platform due to the uncertainty surrounding scams and illicit activities using crypto. Facebook already implemented its ban, and now Google will ban cryptocurrency ads on its platform, the company announced today. Based on the company press release, this will be effective as of June 2018. This is big news for cryptocurrencies everywhere.
Crypto startup Coinbase is stepping up its game. At least, in terms of helping its user base keep up with their tax obligations – it has launched its very own cryptocurrency tax calculator.
The U.S. state of Illinois is currently weighing legislation which will allow residents to use cryptocurrencies to pay taxes.
A brave group of cryptocurrency investors, Criptoasesores, have just pledged an all-out war on the Ecuadorian government by opening the country’s first crypto ATMs in the country’s capital. The country’s central government has had a firm negative stance on cryptocurrency and has tried strongly to ban it over the last four years. Earlier this year, the country’s central bank sent out a strong statement to its residents. The statement read:
President Trump’s cryptocurrency opinion has not been made entirely clear to the public. Considering the increase in popularity of cyrptocurrency over the past year do you think he should make an official statement?
The past week was pretty major for both the cryptocurrency and blockchain sector. Why? Because two big-league companies (Amazon and Starbucks) hinted at incorporating either a virtual currency or blockchain technology into their corporate models.
There’s a new cryptocurrency coming – ECO – but how is it connected with Uber? According to the report by Fortune’s Robert Hackett, Uber co-founder Garrett Camp is planning to start his own cryptocurrency.
The United Kingdom is really cracking down on the cryptocurrency sector. While other countries and their central banks are welcoming virtual currencies with open arms, the UK Central Bank is putting its foot down.
Yesterday, Weiss Ratings held an “emergency crypto briefing” yesterday mid-day where the team discussed their strategy behind their cryptocurrency gradings. The notorious ratings bureau was founded in 1971 and has since graded everything from insurance plans, stocks, mutual funds, and financial institutions. The Weiss team took on grading cryptocurrencies late January of this year. Many have been looking for a researched and unbiased metric to gauge cryptocurrency, as investors currently seek advice for cryptocurrency investing from either forums, facebook groups, or colleagues.
Cryptocurrency Anonymity – is this the future of criminal activity? Bill Gates believes so.
Traditional Financial Systems all around the globe are among the most significant critics of cryptocurrencies, amid the emerging possibility that cryptocurrencies can steal a massive amount of market share from banks in the days to come. Cryptocurrencies don’t require any intermediation for processing the transaction; this phenomenon allows digital currencies to complete the transaction in less time with lower cost when compared to banks.
Women in cryptocurrency – it’s not something you hear that often. Like many ventures in the tech and business world, crypto seems to be largely dominated by men.
In 2017 mainstream media was introduced to Bitcoin, as the cryptocurrency market erupted. As the cryptocurrency continued to grow, investors grew tiresome of not being able to purchase things with their digital tokens. You are now able to purchase homes, vehicles, flights, NBA tickets, plastic surgery, funerals and household appliances with Bitcoin. Now, a Las Vegas strip club is the newest business to accept the digital token for its services.
Yes, there’s no denying that investing in crypto, Bitcoin in particular, has made people rich in the past. Those who got into Bitcoin early, before crypto started to really take off, turned a nice profit. There is still money to be made in crypto. However, that’s an uphill battle that maybe not everyone is willing to fight. I would argue, therefore, not to invest in crypto purely for the sake of making money. Instead, you should invest in a project you’re proud to support.
The cryptocurrency market has hit a bit of a stride today. Yesterday it stood a bit stagnant, as Litecoin propelled above the rest. The total market cap for all cryptocurrencies has hit over the $460 range, which is the highest it has been in the last two weeks. There could be several reasons as to why the market has suddenly taken a bullish turn – let’s explore.
So, you’ve decided that you want to invest and buy some cryptocurrency. It can seem a bit intimidating but it really is simple once fully set up. In order to purchase the digital currency, you must first set up a cryptocurrency wallet.
Have you ever gone to purchase something on an e-commerce website like eBay (NASDAQ:EBAY) and found the option to pay via the PayPal (NASDAQ:PYPL) commerce button? Well now, Coinbase has rolled out a commerce platform that might be extremely appealing to merchants. This allows merchants to seamlessly integrate cryptocurrency payments into their current platforms. Currently, Coinbase offers payments for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
Binance Trading Halt. Binance, one of the largest cryptocurrency exchanges, halted trading yesterday due to temporary “system maintenance.” Its system upgrades have come as a complete surprise to all of its users as they were given no prior warning. Many took to Twitter (NASDAQ:TWTR) and expressed their anger towards the exchange. The timing of the upgrade from the multi-million dollar exchange wasn’t the best, as cryptocurrencies had just begun to crawl their way back.
Jim Yong Kim is the president of World Bank Group. He is also the top European Central Bank policymaker. It is safe to say that his comments will carry weight.
The astonishing growth in Bitcoin (BTC) price over the last year has given the coin much attention. But ironically, the majority of this attention has been negative, where notable experts have entirely rejected the new form of money on various grounds.
Despite several warnings and intensifying regulatory actions, there is cryptocurrency excitement today as traders are vigorously capitalizing on the buying opportunities. Bitcoin price moved to the range of $8,000 after hitting the new support level of $6,000; all this happened in only 24 hours.
Mixed opinions on Bitcoin price keeps the markets in the doldrums. Some analysts see the considerable crash, while others believe it could hit $50,000 by the end of this year. The unpredictable nature of cryptocurrencies is evident from the divergence of opinion.
Will the Chinese New Year crypto effect take hold again this year?
No one had expected the ruthless drop in cryptocurrency prices one month ago when the total market capitalization was moving above $850 billion; crypto lost almost a trillion dollars since.
Canada’s first blockchain-based fund or blockchain ETF is now officially on the market. Harvest Portfolios Group Inc., an independent investment management company, has received approval from the Ontario Securities Commission to launch the Blockchain Technologies ETF (Ticker:HBLK) on the Toronto Stock Exchange starting next week.
If you’re looking to invest in the KodakCoin initial coin offering, consider holding your horses, as the KodakCoin launch has been delayed.
Everyone loves a good meme, right? Well, what about cryptocurrency memes?
Unsurprisingly, there is a high demand for cryptocurrency trading apps that don’t charge any transaction fees.
If someone mentions the name ‘Katy Perry’, what do you think of? Bright colors? Cotton candy? Pop Hollywood elite? Probably all of the above. Would you ever associate the name Katy Perry with digital currency Bitcoin? Before yesterday, I highly doubt that you would. That said, Ms. Perry completely changed the game on Thursday.
If closing the entire platform wasn’t bad enough, BitConnect has now been hit with a lawsuit by a group of investors alleging that the BitConnect “crypto wonderland” was, in fact, a “wide-reaching Ponzi scheme.”
KYC – Know Your Customer: for the security of the business and the customer – but how safe is it really?
If you’re investing in bitcoin or ethereum and worried about the high transaction fees charged by cryptocurrency exchanges like Coinbase, there is good news on the way!
Although Ripple (XRP) has lost more than half of its value in the last couple of weeks, the digital currency continues impressing investors and companies with its unique features and the potential to make cross-border payments in a faster way than any other digital currency. Currently trading around a price of $1.35, Ripple is down significantly from its all-time high of $3.80.
The cryptocurrency market started the day bearish, with few coins seeing any growth but at press time, all but three coins in the top 100 are in the green.
SIRIN Labs is sure making a name for itself, as it has created a new open-source blockchain-enabled smartphone and PC specifically designed with security in mind.
Cryptocurrencies started gaining investors’ attention since the first quarter of last year when several companies announced their interest in blockchain technologies. Consequently, the total market capitalization of cryptocurrencies increased from $30 billion to $832 billion in less than a year.
The cryptocurrency market has lost over $100 billion dollars overnight and Bitcoin (BTC) and many altcoins have lost close to 40% in value. Many new cryptocurrency investors have begun to panic and are frantically searching for an explanation. The chart below depicts a trending sell off the past four years around the ramp up to the Chinese New Year.
The entire cryptocurrency market has suffered quite a bit this week but fortunately, things seem to be leveling off.
Cryptocurrencies slid sharply in early trade on Thursday after the South Korean government started taking strict actions against cryptocurrency trading in domestic stock exchanges. According to the South Korean Justice Minister, the government is looking to ban cryptocurrency trading in domestic exchanges. Moreover, Warren Buffett’s warning yesterday over the future of cryptocurrency also prompted a huge selloff in bitcoin and other digital currencies prices.
While a majority of investors’ favorite cryptocurrencies plunged on Thursday, VeChain continued to shoot up in value, now trading at $6.89 as of 12:30 p.m. CST. The cryptocurrency is now up 938% over the last 30 days from $0.57 per coin, reaching a market cap of $1.91 billion.
Photographers have long suffered since the age of digital photography emerged. With little protection, photographers’ work is often the victim of illegal usage and underpaid licensing. Eastman Kodak Company (NYSE:KODK) is developing a way to stop this.
The majority of pundits strongly believe that blockchain technology could turn out to be a completely fresh infrastructural layer of the internet to put back traditional payment systems, thanks to the innovative design of the technology, which makes hard to commit fraud. Several big companies are following these changes in order to provide secure, safe and fast transactions.
Tron (TRX) has been making major crypto headlines lately as its founder, Justin Sun, has been making big moves with his project. Within the last few weeks, the altcoin has soared in price and became a big hit as the new Tron dogs game emerged within China.
Last year, Chinese market researchers Redpulse launched one of the most interesting cryptocurrencies in the world. And it’s growing. Fast. The Redpulse (RPX) token experienced a slow start from its release on October 8th, 2017, but in the last 24 hours the value of the coin has skyrocketed to $0.71; an increase of 61.45%.
For those that were hoping to see Ripple’s XRP being integrated into Coinbase’s flagship digital currency exchange GDAX, you’re going to have to wait a little longer – well, probably a lot longer. Coinbase has confirmed that the long-time circulating rumors are false: Ripple will not be joining either exchange.
It has been quite a crazy few weeks for the now ninth largest cryptocurrency, Stellar (XLM). Just two days ago, the digital currency was competing for the fifth largest spot. Currently, XLM is trading at $0.061 a coin, down -25% for the day. It is down, -32% from its record high of $.91 reached back on January 4th. Still, Stellar is up 454% for the month and a crazy, 304,900% for the year.
Cardano (ADA) has been in the shadows lately, slowly climbing the cryptocurrency charts and has now passed Litecoin, Monero, Dash, and IOTA to claim the fifth largest digital currency by market cap at $31.3 Billion.
Bitcoin dropped and people panicked. Now, several crypto exchanges, specifically those in South Korea, are in danger of being shut down and people are panicking again. Either way you cut it, people are concerned they’re about to lose all the money they’ve invested in cryptocurrencies – and that’s a lot of money.
The price of Bitcoin Cash (BCH) has hit new record highs above $4,000.
The U.S’s second-largest bank, Bank of America, has now entered in the cryptocurrency space by being awarded a digital currency exchange system patent.
Coinbase has become the go-to cryptocurrency exchange and is said to have been the center of driving up the value of Bitcoin lately. While there are many other cryptocurrency exchanges around the world, Coinbase has become the center for the average-joe American digital currency trade. No company on the market has made the buying/selling process more simple, let alone the signing up and linking your bank account process. Back in January of this year, there were 5.5 million accounts opening on the website and as of today, there are over 13.3 million.
The Philippines is looking to regulate ICOs – or initial coin offerings – in addition to their regulations for bitcoin exchanges.
Yesterday, CoinBase lost a year-long battle with the IRS and is now having to turn over the records of its users.
A 36-year-old Austrian man lost over 100,000 euros from his Bitcoin account when he logged into in on the public wireless network. The Austrian police are still investigating the incident as to whether it was hacked before he got into the restaurant and used their unsecured network. This crypto heist is not the first, either.
With the boom of Bitcoin, and subsequently, Etherium, massive increases in value have pampered cryptocurrency investors.