The past couple of days have seen market corrections across the board as Bitcoin and its altcoin brethren pull back from all-time highs earlier in the week. As panic and hysteria ripples through social media crypto groups, largely populated by inexperienced traders, those holding Ripple have reason to smile. Ripple’s XRP token has surpassed Bitcoin Cash by market capacity in the past few hours, surging 28% to an all-time peak of $1.38. At the time of writing, it is in third place in the crypto charts, boasting a market cap of $46.4 billion, ahead of BCH with its $44.3 billion. One in Five Four of the top five cryptocurrencies have been suffering an attack of the bears for the past day or so, except XRP, which is extremely bullish. Since the end of May, Ripple had been slumbering in a […]
The music industry is a multi-billion dollar industry that branches out in many directions and has many profitable avenues to exploit; one such avenue is background music. Many venues resort to playing music that is either unlicensed or not supposed to be used for commercial purposes. Moozicore plans to change all of that with their new platform that can be played by anyone at any time using their mobile app. San Francisco, CA – December 22nd, 2017, Moozicore, Inc. sent shockwaves through the music industry today with the announcement of an ICO and the planned release of a blockchain based background music distribution platform. The background music industry is a somewhat elusive yet highly profitable industry that no one seems to talk about, until now. Many commercial establishments resort to playing their customer’s favorite tunes via Spotify or other app’s […]
Less than a week after the second big US exchange offered Bitcoin futures contracts, reports emerged that banking giant Goldman Sachs is planning to launch a trading desk for cryptocurrencies. According to the SCMP which cites ‘people familiar with the situation’ the bank aims to have the service running by mid-2018 if not earlier. Sources also claimed that it was still trying to decide on how to hold the digital assets and how to manage security issues. The move will signal the first major Wall Street firm to enter the cryptocurrency markets and make them available to its clients. With CBOE and CME already onboard, and TD Ameritrade soon to allow the trading of both sets of contracts, the spotlight has already been shone Bitcoin’s way. Other major financial institutions such as Citigroup and Bank of America are taking a […]
The NAGA token sale came to its conclusion last week and the final numbers are in. Thanks to the 63,000+ backers who participated in the token sale, more… NAGA token generation ends successfully raising over $50 million was published on CryptoNinjas.
The hugely popular encrypted messaging app Telegram boasts over 180 mln users, and if our sources are correct, all of them are about to be exposed to the concept of digital currency via Telegram Open Network. #EXCLUSIVE
BANKEX is now ranked among the leading 20 ICOs globally, raising an equivalent of $60 million in just three weeks. The period of the token sale will soon be over. FinTech company BANKEX, developing the unique Proof-of-Asset Protocol for real-world asset tokenization, has been assessed by ICO analytics group TokenData as among the top five active ICOs and among the top twenty ICOs of all time by funds attracted. 70% out of the available first stage BKX tokens, 56 million out of 80 million, have already been sold. The token sale will end on 28 December. As BANKEX second stage tokens will only be sold to institutional clients, private investors are urged to take this final opportunity to join the running token sale and earn a bonus for their purchases. Today, 4000 supporters have already joined the BANKEX token sale. […]
Many of you may have had friends and family asking about Bitcoin and other cryptocurrencies since their meteoric rise this past year. Even after you answered their questions, many of these people probably did not buy in. Perhaps they didn’t see its value, or perhaps they were scared by prices and volatility. If they won’t buy it, some may have wondered if giving crypto as a holiday gift is a good idea. Maybe not, I would argue. If it’s a small amount, definitely not bitcoin Perhaps the granddaddy of all crypto will always be Bitcoin. Even though it is well above US$15K a coin, many still believe it is still severely undervalued. However, Bitcoin can still pose many problems for gifts that are smaller. For example, my group of friends largely has about a twenty dollar limit for gifts. This is not because we […]
Users can now create a Bitcoin fork for less than $100 as Blockstream CEO Adam Back forecasts a “huge fork explosion” for 2018. Fork For Bitcoin Market Dominance, Suggests Back In comments on Twitter Tuesday, Back speculated on the likelihood of a plethora of Bitcoin hard forks diverting investor attention away from altcoins, potentially increasing Bitcoin’s market share. The forecast comes as Bitcoin’s hold on the market fell dramatically this week after Bitcoin Cash controversially surged in value and altcoins saw massive price gains. From a high of over 67% earlier this month, Bitcoin is now at just 44% of the total market cap, which has itself reached unprecedented highs of almost $650 billion. “[M]an 2018 is going to be a huge fork explosion. [I]f it sucks money out of alts and then onwards to Bitcoin maybe we’ll get back […]
Amid a see of red, Ripple (XRP) surges on. With Bitcoin and many other altcoins experiencing downtrends, Ripple continues to surge. It is currently hovering at US$1.15, with a BTC pair of over 7,000sat. Just last month, Ripple was trading at US$0.20. After a surge last week of over 300%, XRP has continued its massive march upwards. Ripple is a cryptocurrency equipped to serve financial institutions, such as banks and payment providers. Ripple has over 100 partners on its network, including financial giants such as Visa and American Express. Ripple provides its users with seamless cross-border transactions that are faster, safer, and far cheaper than traditional means in the financial sector. Much of XRP’s huge valuation of over $40 billion is due to the solution it provides to an astronomical market. Cross-border payments are transacted in the volume of hundreds of trillions […]
KuCoin is extremely proud to announce that yet another great project has been added to our trading platform. On December 20, 2017, ClearPoll (POLL) token joined our list of tradable tokens. KuCoin added ClearPoll (POLL) on December 20, 2017, at 18:00 (UTC +8). Traders on the KuCoin platform now have access to POLL/BTC and POLL/ETH trading pairs. Follow KuCoin listings in real time here: https://t.me/Kucoin_News If you have any questions or doubt join our community and ask, we are always online: https://t.me/joinchat/FMqUpg1_vED9MSDJPPcFkg About ClearPoll ClearPoll presents the first public opinion poll system powered by blockchain technology to allow everyone to have their say on local, national, and global issues. By downloading the app using blockchain all votes will be 100% secure and cannot be tampered with. The ClearPoll Alpha launching the 29th of December will allow users to browse for […]
These Are The Five Cheapest US States for Bitcoin Mining For cryptocurrency miners seeking to set up a profitable operation, every kilowatt hour counts. As little as a cent per KWh can make all the difference between a mining farm being viable or infeasible. U.S. bitcoin miners have received a helping hand in choosing where… The post These Are The Five Cheapest US States for Bitcoin Mining appeared first on Altcoin Today.
Litecoin founder Charlie Lee recently liquidated his stack of the very coin he created. A prominent figure in the cryptosphere, he has often been met with a mixture of praise and criticism for his vocal online presence. Charlie Lee: the Man, the Legacy, the Controversy In 2011, Charlie Lee founded Litecoin, what many began to brand as the silver to Bitcoin’s gold. Charlie Lee envisioned his creation as a Bitcoin alternative that would be easier to mine, faster to send, and cheaper to transact than its brother currency. Little did he know at the time that his creation would actually outperform Bitcoin in 2017, appreciating by 7,500% over the course of the year. In the aftermath of this meteoric runup, Charlie Lee decided to unburden his wallet of all his Litecoins. Writing about his choice in a December 20 Reddit thread, Lee revealed […]
Bloomberg reports that sources inside Goldman Sachs say the firm intends to set up a desk to trade Bitcoin and other digital currencies. This would likely have far-reaching effects as other investment banks rush to catch up. #BREAKING NEWS
KuCoin prides itself on finding high-quality projects that go beyond the offerings of other exchanges. On December 20, 2017, Oyster Pearl (PRL) token was added to our list of tradable tokens. KuCoin added Oyster Pearl (PRL) on December 20, 2017, at 18:00 (UTC +8). Traders on the KuCoin platform now have access to PRL/BTC and PRL/ETH trading pairs. Follow KuCoin listings in real time here: https://t.me/Kucoin_News If you have any questions or doubt join our community and ask, we are always online: https://t.me/joinchat/FMqUpg1_vED9MSDJPPcFkg About Oyster Poll Oyster Poll is introducing a radical new solution designed to grant website owners a new revenue stream to any website by adding one line of code, instead of relying on advertising to monetize their website. Using blockchain technology visitors to websites will contribute a portion of their CPU and GPU power to allow users’ […]
Crypto Exchange EtherDelta Warns Users of “Malicious Attacks” Yesterday evening, cryptocurrency exchange EtherDelta sent out a series of tweets warning its users not to use the site. EtherDelta is reporting that they believe their DNS server has been compromised by a hack, and the unknown assailant has created a duplicate of the exchange’s domain. Their first warning tweet… The post Crypto Exchange EtherDelta Warns Users of “Malicious Attacks” appeared first on Altcoin Today.
The Bitcoin price dipped to below $15,000 Thursday as pressure from altcoin growth and the ongoing Bitcoin Cash (BCash) scandal took its toll. Bitcoin, BCash Shave Off Latest Gains Cross-exchange data from Coinmarketcap showed an average value of around $15,500 at press time, with Bitstamp dropping to deeper lows of $14,960. Despite BCash posting huge gains over the past 48 hours, however, today’s dip did not serve to bolster the altcoin’s performance, losing 14% against Bitcoin and 20% against the US dollar since Wednesday. Volatility has nonetheless returned to Bitcoin markets after a brief period of relative stability around $19,000 earlier in the week. On Twitter, traders were posting warnings on “short-term caution” required by Bitcoin holders, with one forecasting an up to 5000 point loss. Would advise caution short term on Bitcoin here. Lost volume support, break below 15360 […]
Twitter Goes Crazy Over Coinbase Bitcoin Cash Launch It has been another whirlwind week in the world of cryptocurrencies. Anticipation was in the air as the Chicago Mercantile Exchange became the second mainstream financial institutions to launch trading of Bitcoin Futures contracts on their exchange. Following in the footsteps of CBOE a week before, the Bitcoin market braced for… The post Twitter Goes Crazy Over Coinbase Bitcoin Cash Launch appeared first on Altcoin Today.
Business Waste, a leading waste management company in the United Kingdom, recently announced that it will start accepting cryptocurrencies as payment. The move makes Business Waste “the first in [the waste management] business sector in the world to accept them,” according to spokesperson Mark Hall. Paying for Waste Removal with Crypto Business Waste broke the news on its website this Monday, December 18. Besides Bitcoin, the firm plans to accept Ethereum and Litecoin for its commercial waste contracts. As Bitcoin and crypto gain more mainstream traction, Business Waste feels that it’s in the company’s best interest to accommodate the budding payment method. “Individuals and companies are trading in Bitcoin and other virtual currencies all over the world,” Mark Hall stated, “so of course we’re going to accept it from our customers.” The move is an attempt to keep up with the pace of crypto’s […]
It has been a pretty eventful day for the Coinbase team as well as supporters of Bitcoin Cash. Although it was only a matter of time until this altcoin was added to the platform, things have worked out in a rather interesting manner. More specifically, the company temporarily froze all trading activity across both its platforms due to illegitimate behavior. Things got so out of hand that the Coinbase team decided to launch an official investigation regarding the matter. It’s a very problematic development, although it remains to be seen if this investigation will turn up anything suspicious. Coinbase Isn’t Happy About the Bitcoin Cash Manipulation It is commendable to see exchanges such as Coinbase and GDAX enable Bitcoin Cash trading at this point in time. Although this altcoin only launched a few months ago, it has certainly made a big impact. Whether or not the momentum will […]
Wall Street Expert Says BTC Growth Is Bringing Investors To Stock Market Stock market expert and Birinyi Associates founder Laszlo Birinyi thinks that the phenomenal riseof Bitcoin price, which has grown by 1,950 percent since January 2017, is serving as a catalyst for the global financial market overall and attracting more new investors to the stock market. He added that… The post Wall Street Expert Says BTC Growth Is Bringing Investors To Stock Market appeared first on Altcoin Today.
Markets Update: Bitcoin Price Continues to Feel Bearish Sentiment The price of bitcoin (BTC) has been suffering from a bearish decline since it reached $19,600 USD across global markets and had touched a low of $15,299 on December 21. Over the past two days, most of the other alternative digital asset markets were stable or… The post Markets Update: Bitcoin Price Continues to Feel Bearish Sentiment appeared first on Altcoin Today.
On Wednesday, E*TRADE announced that customers with margin brokerage accounts can now trade bitcoin futures contracts offered by the Chicago Board Options Exchange. E*TRADE requires a margin of 80 percent of the notional value of the contract.
It’s well known in gambling that ‘the house always wins’ – but what if that wasn’t the case? A new online gambling platform is soon to be launched that allows users to ‘become’ the casino. Disclosure: This is a Sponsored Article Another upcoming ICO is off to a solid start. The VIABET ICO pre-sale has raised USD 257,289, in just 24 hours and reached its soft-target in the process. While the pre-sale is now over, the public crowdsale is currently live giving its supporters another chance to get in on the profit that VIABET’s future growth will generate. VIABET, a decentralized online casino, is a twist on a betting platform and game-developer site and it’s hoping the sale of its Ethereum-based XVIA tokens will take it the rest of the way. The XVIA tokens are used on the company’s gambling platform, which […]
The NAGA Token Sale, which was backed by the German FinTech company The NAGA Group AG, concluded last week, successfully raising over $50 million USD. The Token Sale Ends… The NAGA Token Sale came to its conclusion last week and the final numbers are in. Thanks to the 63,000+ backers who participated in the token sale, more than 50 million USD was raised, shattering the project’s original target goal of 30 million USD. The project was advised by renowned blockchain experts such as Roger Ver (Founder & CEO Bitcoin.com), Mate Tokay (COO Bitcoin.com), Miko Matsumura (Limited Partner Pantera Capital), and Guy Ben-Artzi (Co-Founder Bancor). The community interest and support for NAGA was tremendous. The number of active users in the project’s popular Telegram channel grew to more than 11,600 members and over 42,000 followers, fans, subscribers, and readers were attracted […]
Your Bitcoin transactions don’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level. High transaction fees and long processing delays are top of the list when it comes to issues (and, in turn, discussion) surrounding Bitcoin right now and for good reason. The network is choking on the huge influx of volume seen over the last six months or so and – in its current format – it simply can’t handle the issues that scaling has brought to the table. This doesn’t mean that Bitcoin is in trouble in the long term, of course. There are protocols being developed – like Lightning Network – to relieve transaction congestion on the blockchain. While the teams working on the challenge work their magic, however, Bitcoin users need to find […]
There are some interesting phenomena and conditions which can affect cryptocurrency users. It is impossible to deny crypto enthusiasts are a very odd bunch in this regard. Most of us tend to speak using terms other people simply can’t understand. This phenomenon is known as cryptocurrency cryptophasia, and it has become somewhat of a problem. At the same time, the lingo is something anyone can pick up with a bit of effort. Cryptocurrency Cryptophasia is a Thing It is impossible to deny that every community has its own lingo. In the world of cryptocurrency, people use terms which make zero sense to the average person on the street. That’s not entirely surprising, as the same is true for any sort of community that forms around new trends which are not necessarily embraced by mainstream consumers right away. Most people who don’t use the Internet on […]
Texas Slaps Bitcoin Investment Firm With Cease-and-Desist Regulators in Texas have obtained an emergency cease-and-desist order against a company they say is unlawfully pitching bitcoin mining investment plans in the state. In a statement yesterday, the Texas State Securities Board revealed that it had taken action against USI-Tech Limited, a firm based in Dubai. The firm has allegedly… The post Texas Slaps Bitcoin Investment Firm With Cease-and-Desist appeared first on Altcoin Today.
With TeleX AI, an artificial intelligence (AI) chatbot that operates natively on Telegram, the widely utilized messaging application, Telegram users will be able to send, receive, and exchange cryptocurrencies including bitcoin and Ethereum. Disclosure: This is a Sponsored Article For the vast majority of new comers, beginner traders, and casual investors in the cryptocurrency market, it has become increasingly difficult to send, receive, and trade cryptocurrencies like bitcoin and Ethereum, primarily due to the imposition of strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems. In South Korea for instance, the third largest bitcoin market led by Bithumb, the world’s largest cryptocurrency exchange by volume, new users are required to submit government-issued IDs, carry out face-to-face interviews, and provide proof of income through bank documents and sensitive financial information. To move funds out of exchanges to wallet platforms to […]
It has been a busy week for popular peer-to-peer lending platform RCN. From announcing new strategic partnerships to upgrading key systems on its platform, RCN is working hard to deliver the best possible services and features to its users. RCN Announces Decentraland Partnership Earlier this week, RCN announced their new partnership with Decentraland, the blockchain-based virtual reality platform where users can acquire virtual land to create and monetize their content. In addition to exploring and interacting with Decetraland’s 3D virtual world, users can also purchase land as well, creating an immutable record of ownership on the Ethereum blockchain. Decentraland’s unique VR platform has strong support among cryptocurrency enthusiasts, gamers, and real estate developers. Under the new partnership, RCN will be able to integrate its credit protocol with the Decentraland platform. This will enable users who own plots of land, content, […]
Bitcoin and other cryptocurrencies have been expanding during 2017 and have experienced substantial price increases. Because of this price increase, many websites have been infected with a program that mines… Continue reading “Hidden Cryptocurrency Mining Hack Spreads Due To Higher Prices” The post Hidden Cryptocurrency Mining Hack Spreads Due To Higher Prices appeared first on .
Qtum has announced that the blockchain company is starting a collaboration with Zerion, a leading blockchain investment platform. Zerion will be integrating the Qtum platform and their services… Zerion to partner with Qtum on smart contract services was published on CryptoNinjas.
Bitcoin Gold Price Rises to Nearly $450 in Strong Comeback As the market is seemingly rather bearish on Bitcoin, it is not surprising to see alternative cryptocurrencies making a big impact. Bitcoin Gold, the hard fork few people seemingly cared about two weeks ago, has since risen all the way to US$484. It’s an interesting… The post Bitcoin Gold Price Rises to Nearly $450 in Strong Comeback appeared first on Altcoin Today.
Trader Makes Million-Dollar Bet That Bitcoin Will Triple Next Year Someone just bet that bitcoin will top $50,000 next year. Online records from New York-based digital currency-trading platform LedgerX showed 275 call options expiring Dec. 28, 2018, were bought in Wednesday’s trading session at a volume-weighted average price of $3,600. At that price, roughly $1 million was spent on the bet. The trade gives the investor or investors the option to buy bitcoin at $50,000 in the roughly next 12 months, implying expectations that the digital currency will soar beyond that price. An investor would lose the bet if bitcoin doesn’t reach $50,000 in that time period, but would reap profits if it climbs well above that level. With bitcoin trading near $16,700 Thursday, that means the call options trader or traders expect the digital currency to soar more than 200 percent […]
KRYPTONITE1, a crypto asset manager focused on the blockchain ecosystem has recently announced some portfolio updates which include a partial disposal of its holding of tokens in the… Crypto asset manager KRYPTONITE1 sells QTUM tokens, buys NEO was published on CryptoNinjas.
We have seen various banks prevent consumers from either buying or selling cryptocurrency in a convenient manner. It is unclear why these financial institutions would take such action, as they only hurt their own business in the process. The latest bank to do something drastic is Lakestone Bank & Trust. Another Bank Openly Opposing Bitcoin It is uncanny how many banks and financial institutions have taken a dislike to Bitcoin and cryptocurrency. Although this trend has been apparent for quite some time now, things have recently gotten worse as several banks around the world have acted to prevent customers from buying or selling crypto. In most cases, banks will call customers to verify their intent to either buy or sell Bitcoin. That is not uncommon, but the bank can still decide to either process or block said transactions regardless of their customers’ wishes. It […]
Luxury pen-making is an industry that has withstood the changes of industrialization and mass production. The reason is that custom products are much more personal in nature and luxury pens still appeal to the people both because of their artistic appeal and the unique design and production. This is why luxury pen brands like Parker and Hero continue to be used around the world. Disclosure: This is a Sponsored Article A part of any luxury pen’s appeal is its unique build. For example, you can have a pen shaped from an asteroid’s remaining debris that is mostly metal and so on. This uniqueness attracts people’s attention and that is what imparts most of the pen’s value. Ancora 1919 is a famous luxury pen company from Milan, Italy. It has remained a famous name in luxury pen business for some time. […]
The era of philanthropy in the Bitcoin universe is alive and well. A while back, a crypto enthusiast calling himself “Pine” founded the Pineapple Fund, which was valued at 5057 BTC ($86 million). To date, the Pineapple Fund had committed $8 million to eight charities. Reports indicate that Pine began to mine Bitcoin on an old PC at home when the currency was still quite new. Unlike most early adopters, Pine did not sell his Bitcoin, deciding to hodl them instead. Needless to say, that decision really paid off. Bitcoin has, in recent years, rallied from just $200 to over $18,000. According to a Reddit post, Pine will donate most of his bitcoins. He said this was because Bitcoin had changed his life and that he had more money than he would ever spend in his life. He says: I […]
Skyrocketing Fees Are Fundamentally Changing Bitcoin Fees as high as $48 are destroying bitcoin’s value for small payments. Originally, one of bitcoin’s big selling points was that payments would be fast, convenient, and cheap. “The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small… The post Skyrocketing Fees Are Fundamentally Changing Bitcoin appeared first on Altcoin Today.
It has been a while since we last heard from the Enterprise Ethereum Alliance. Although this entity has made a great impact already, it’s always good to learn about new initiatives. It seems the group is now focusing on three new areas of interest. Digital identity, energy, and multiplatform working groups have been established to explore new opportunities. It’s an interesting development for the EEA, as blockchain technology can make a big impact in all of these areas. An Exciting New Venture for the EEA It has been a pretty good year for the Enterprise Ethereum Alliance. This initiative launched not long ago and has quickly become the world’s largest open-source blockchain initiative. With support from several dozen members across various industries, no one can deny the interest in both blockchain and Ethereum technology has never been greater. It will be interesting to see […]
University of Michigan Is Building the World’s First Unhackable Supercomputer Supercomputers are one of those technological trends everyone is interested in. Although very few people would actually have a use for such computing power, there are some interesting developments taking place in this area. More specifically, a new machine is in development which claims to be… The post University of Michigan Is Building the World’s First Unhackable Supercomputer appeared first on Altcoin Today.
What is Hashgraph and Could it Replace Blockchain? Blockchain technology is revolutionizing many aspects of how we do things and how we are likely to do things in the future. Although primarily used for the well known Cryptocurrency Bitcoin, blockchain can be used for so much more than just currency, whether it be for supply chains or smart contracts it has a whole range of use cases which will transform many industries. However in most cases, applications are being built around blockchain as it is, without considering developing a new ledger based solution inspired by blockchain. However why should we assume blockchain in it’s current form is the only way, maybe consensus can be reached more efficiently using something slightly different to blockchain? Well many believe Hashgraph is a far better solution for creating immutable, highly secure and scalable distributed […]
Gibraltar-based blockchain start-up Ignite Ratings is a decentralized, self-regulating platform powered entirely by crowd-sourced opinion, Ignites mission is to adopt a truly innovative approach to the way that ICO’s and digital assets are reviewed and traded, combining a decentralized intelligence platform with an investment index that is powered by the rating’s platform within itself. Ignites rating’s software automatically deploys the index’s capital by the way of investment into the highest-rated assets and returns 50% of profits generated by the index back to the qualified token holders. Disclosure: This is a Sponsored Article The Ignite platform works like many other rating and review platforms such as TripAdvisor or Yelp, leaving the token holders to provide their opinions on blockchain-based digital assets. Ignite refers to their users as the HIVE, appropriate as all users work together, Combining popular opinions and investment methodologies […]
“Buy and hold” strategy in crypto world moves to a seamless connection of the exchange to the real-world spending habits of cryptocurrency owners with a new generation of Mobile exchange & Digital currency wallets. #CT_sponsored #SPONSORED
Tether to Launch New Platform Following Hack Tether, a Santa Monica-based startup that provides a dollar-pegged token, has said it plans to launch a new platform following a claimed security breach in November. In a notice on its website, Tether lists some of the steps taken to recover from the hack that is claimed to have stolen $30 million-worth… The post Tether to Launch New Platform Following Hack appeared first on Altcoin Today.
Although the opinions on Ripple and their XRP asset may still be somewhat divided right now, it is evident this particular project is doing something right. Over the past few weeks, we have seen the XRP price rise to $0.70 and last night to more than $1. No one expects to see the XRP price hit such highs this year, but it is evident no project should be ignored in the world of cryptocurrency and digital assets. XRP Price is Setting new Records As the year 2017 is almost coming to a close, we will see some more fireworks in the cryptocurrency industry moving forward. Whereas the Bitcoin price is no longer breaking records right now, most altcoins are appreciating in value over the past few weeks. One of those altcoins – even though it is not a cryptocurrency – […]
Yesterday, top financial officials in both Japan and South Korea came to a similar conclusion: as they stand now, cryptocurrencies cannot be considered legitimate currencies. The statements come from countries where Bitcoin and other cryptocurrencies are quite popular in the public sphere, and they come from governments that have been relatively proactive in establishing a clear legal framework for the digital assets. An Alternative to Fiat? Not Yet As originally reported by Reuters, Japan’s minister of finance, Taro Aso, indicated that Bitcoin has not proven itself to be a reliable form of currency. The minister made it clear, though, that Bitcoin’s legal and financial status is not so cut and dry. “There’s no fixed definition on whether it’s a currency or not. This issue is a difficult one,” Aso stated after a Tuesday cabinet meeting. He continued, “It has not […]
In the wee hours of December 19, Youbit was dealt a death blow in the form of another hack. The exchange, which was also hit in April, is closing down in the fallout of the most recent attack. The Straw that Broke the Camel’s Back As revealed on its website, South Korean exchange Youbit has been forced to terminate its services after suffering another hack. The hackers ran off with 17% of Youbit’s funds, enough to drive the exchange into bankruptcy. The exchange did not clarify just how many funds were taken from its hot wallets, but luckily, all remaining coins were kept offline in cold storage paper wallets. With the remaining funds, Youbit has promised to redeem 75% of all account balances, leaving the remaining reimbursements to be determined after the exchange reaches a settlement. Hack, Rinse, Repeat This is not the first time […]
The number of Bitcoin hard forks in existence today is a lot larger than most people think. In fact, there are probably half a dozen projects out there people have not even heard of yet. Bitcoin Interest is not your average hard fork, though, despite the currency being distributed to Bitcoin holders at a 1:1 ratio come January. It’s a very different project that doesn’t even aim to replace Bitcoin. Bitcoin Interest is an Interesting Creature Although any project using the term “Bitcoin” will be heavily scrutinized, it doesn’t mean such concepts cannot be successful in their own way. The team behind Bitcoin Interest has come up with a rather interesting plan to create a new ecosystem without competing with Bitcoin directly. It’s still peer-to-peer electronic cash with full decentralization, but it will promote holding onto one’s coins first and foremost. The Bitcoin Interest […]
Escape games booking service powered by blockchain technology announces its Escape Token Sale to boost the blooming quests’ global industry with innovative VR-baked user experience Vienna, December 20, 2017 – “Escape” games booking service announced its initiative to deploy world’s first decentralized quests’ aggregator with online booking and payment system. Escape will develop a secure marketplace based on smart contracts as part of global quests’ industry revolution. Escape utility Token will unite the community of quests enthusiasts and VR entertainment on the basis of blockchain.Escape token platform fueled by the self-titled token will contribute to quest games popularization by reaching more fans, providing high-level services, developing the original content and creating disruptive technology for the integration of VR quests into different facilities. Escape project implies building an affiliate network to ensure quest technologies global transfer as well as reducing costs […]