CryptoSolarTech, a blockchain start-up dedicated to addressing the problem of high energy consumption in cryptocurrency mining, has just completed a successful pre-ICO phase of their token sale campaign and broadly surpassed the softcap. A total supply of 1260 million tokens called CryptoSolarTech tokens (CST) is up for grabs during this ICO. CryptoSolarTech is pleased to announce the successful completion of the pre-ICO phase of their token sale campaign. A blockchain start-up, this pioneering venture looks to fix one of the glaring problems of cryptocurrency mining by making it energy-efficient and environment-friendly. Their token sale campaign will continue until July 14, offering a total supply of 1260 million proprietary tokens of the ecosystem named CryptoSolarTech tokens (CST) with a minimum investment of 100 tokens. The collected funds during the ICO will be used to both construct a solar photovoltaic pool and […]
UPcoin is announcing a trading competition that will start on Wednesday, May the 2nd at 16:00 GMT and will end on Saturday, May the 12th. During the entire competitions, UPcoin… Continue reading “UpCoin – Win Prizes Everyday Just By Trading” The post UpCoin – Win Prizes Everyday Just By Trading appeared first on .
The Hack Heard ‘Round The Net “I’m fairly knowledgeable in blockchain and have a lot of exposure in the space,” says Michael Fauscette, the chief research officer at G2 Crows, a platform and community where people connect and share experiences about business software. Having spent over ten years as an executive and senior analyst at tech market research firm IDC, Fauscette, like countless others around the world, is no stranger to the dangers of brute force attacks and crypto-mining hacking attempts. But with Fauscette, he endured an automated bot brute force attack over a period of five days. Michael Fauscette, Chief Research Officer at G2 Crows Michael’s Story I operated two blogs that were hosted on the WordPress platform. The platform provided medium-level security—basic firewalls and free anti-virus software. My administrator’s console was structured in [such a way] that if […]
Goldman Sachs to Begin Bitcoin Futures Trading Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times. The Times reported Wednesday that while the exact launch date of the new trading operation is not yet set, the move came after the bank’s board… The post Goldman Sachs to Begin Bitcoin Futures Trading appeared first on Altcoin Today.
It is estimated that a staggering $350 trillion in global assets are held and traded daily via the use of conventional fiat banking systems. These systems, while highly prevalent, are ridden with innate issues of poor liquidity, low transparency, and little accountability. This is because banks and other financial institutions are governed by central operators and thus are confined in terms of overall operability. CommerceBlock is an all-new blockchain-based platform that has been designed to facilitate global economic trade in a secure, private, and efficient manner via public blockchains. All of the project’s technology is based on peer-reviewed research by experts from the open source and academic cryptocurrency communities. One can also think of CommerceBlock as a public blockchain platform that allows anyone to build and use financial products and services that have otherwise been reserved for commercial banking customers. The […]
They say that everyone has at least one brilliant idea; it’s just that most people never do anything with it. It’s one thing to have a eureka moment, but implementing it requires time, effort, and capital. Thanks to the advent of ICOs, at least one of those problems has now been solved. Almost half of this year’s crypto projects launched their ICO with little more than a white paper and an idea. Also read: Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network & Token Crowdfund First, Code Later It’s no secret that many ICOs launch without an MVP in place, or that many have simply hired a developer to create the smart contract for their token. Recruiting developers and writing code costs money after all, and money’s hard to come without an ICO, hence the eagerness to […]
Without a question, 2018 is set to become the year of an exchange and trading platform called Decoin. Some key innovations make Decoin a unique project with all the necessary features to create a new, better, more secure, privacy and trust oriented digital ecosystem. And that’s a big deal. Why DECOIN holds the future of cryptocurrency? Decoin offers credit cards known as D-TEP Credit Cards for the coin holders. A major challenge all cryptocurrency traders face regularly is how to use their cryptocurrency and use it for everyday expenses and spending. Unlike FIAT, cryptocurrency today still has many obstacles to overcome in order to be included in regular daily use. DECOIN is the first company to develop sophisticated wallets that allow its users to spend digital currency whenever they want and wherever they are. DECOIN provides five types of credit […]
The government of South Korean appears to be on the verge of legalizing ICOs after the 2017 ban. According to the Korea Times, a coalition of lawmakers are looking to obtain a consensus in the National Assembly to pass a bill making ICOs legal in the country. Details of the Proposed ICO Bill Rep. Hong Eui-rak is leading the move to legalize ICOs in the country. He is a member of the South Korean ruling party, the Democratic Party of Korea. According to Rep. Hong, the proposed bill the result of the collaboration between his office and the Korea International Trade Association (KITA). Speaking during a forum on Initial Coin Offerings and blockchain at the country’s National Assembly, Hong said that: The bill is aimed at legalizing ICOs under the government’s supervision. The primary goal [of the legislation] is helping […]
Japan pressures exchanges to drop Monero, Zcash and Dash Japanese regulators have reportedly pressured local exchanges to delist privacy coins, calling into question the authority of trading platforms to carry coins that cannot be tracked by law enforcement agencies. The FSA—Japan’s equivalent to the SEC— are said to have discouraged exchanges from listing Monero (XMR), Zcash (ZEC) and Dash… The post Japan pressures exchanges to drop Monero, Zcash and Dash appeared first on Altcoin Today.
Cryptocurrency exchanges are involved in the market not only by offering their services, buy also by investing large amounts of money in research and development. And this is what Huobi… Continue reading “Huobi China Works with Universities to Invest in Blockchain Development” The post Huobi China Works with Universities to Invest in Blockchain Development appeared first on .
Coinbase is ready to enter the next phase of being a global cryptocurrency exchange. While they will not drop support for consumer-based trading, they are trying to make inroads among institutional investors. Offering block trades is one way of achieving this goal. Providing users with access to large-scale trading without disrupting the general order book is also a viable approach. Coinbase Takes an Important Step Institutional investors and major traders continue to show increasing interest in cryptocurrency. As such, trading platforms and exchanges will need to make adjustments to accommodate that type of trading. Coinbase is doing exactly that by launching a new feature known as block trading. Additionally, the firm wants to open an office in Chicago, which may prove to be a major hub for Bitcoin trading in the near future. Block trades involve using an exchange’s order book […]
Milken Cryptocurrency Forum Turns into Verbal Bitcoin Brawl Insults and dirty words were bandied about at what should have been a sober panel discussion on the future of cryptocurrency which ended up more as verbal free for all. Panel Discussion Escalates into Insult Laden Verbal Brawl The discussion titled Cryptocurrency: Irrational exuberance or Brave New world? was part of… The post Milken Cryptocurrency Forum Turns into Verbal Bitcoin Brawl appeared first on Altcoin Today.
There aren’t that many things which could make Bitcoin or other cryptocurrencies better. To some people, bacon is the answer to everything. With Bacoin now being an actual thing, it is evident the cryptocurrency industry has taken at least twelve steps backward. It is expected that Bacoin will become the go-to cryptocurrency for purchasing bacon. Who Will Pay Attention to Bacoin? Although it is safe to say the concept of Bacoin has a lot of merit, the real-world implications will be far less spectacular than some people might want them to be. Originally concocted by Kraft Heinz, Bacoin is a new cryptocurrency designed for the bacon industry. In fact, one Bacoin is valued at 11 strips of real bacon, with the number of bacon strips expected to increase as time progresses. While a project such as this one will certainly gain media […]
The chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. Giancarlo acknowledges the inappropriateness of the CFTC’s antiquated regulatory apparatus when assessing the innovative phenomena of bitcoin and cryptocurrencies. When asked of the legal classification of bitcoin, Mr. Giancarlo stated: “It’s a great debate […] a lot of people are looking at it from so many different angles, and we at the CFTC have been looking at it for a number of years now.” Mr. Giancarlo emphasized the challenge of applying the CFTC’s outdated regulatory apparatus to bitcoin, stating that “the statutes under which [the […]
After heavy speculation over the past few days regarding whether bitcoin could break newfound resistance levels, the currency has spiked to approximately $9,561 at press time. This is the highest point for bitcoin since it struck $9,000 in mid-March, and it looks as though $10,000 may be right around the corner. Perhaps the biggest pusher for bitcoin has been Goldman Sachs. The company will soon be opening a bitcoin trading operation, according to New York Times journalist Nathaniel Popper. It is alleged to be the first bitcoin trading platform in cahoots with a Wall Street bank. Goldman executive Rana Yared admits that not everyone on the staff was thrilled about the notion of joining hands with bitcoin. Given the currency’s volatile nature and price swings, executives were skeptical at first, and felt like the risk level was possibly too high. […]
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. -DASHUB Inc., signs commercial agreement with Clears as its exclusive KYC/AML user verification solution.- -Clears provides DASHUB’s users with international compliance, data privacy, security, and frictionless interaction using the blockchain- NYC-New York- May 03rd 2018 – Clears, a revolutionary data-less Know Your Customer [KYC] service, powered by the Ethereum blockchain, and DASHUB, an online automotive marketplace , inked a commercial agreement for the implementation of Clears solution to verify compliance regulation of DASHUB users. Clears will be the exclusive provider of KYC and AML verification for investors and users on DASHUB’s token sale for AXT […]
Standard Chartered Pushes for Wider Adoption of RippleNet Across Asia Ripple technology is of great interest to financial service providers around the world. Standard Chartered is one of the many companies experimenting with these new tools. The firm has made it clear they want to expand the use of RippleNet to different countries. This is… The post Standard Chartered Pushes for Wider Adoption of RippleNet Across Asia appeared first on Altcoin Today.
Popular cryptocurrencies such as Ethereum will need to keep evolving in the future. One of the upcoming developments to look forward to is sharding. This technological upgrade has been hinted at for quite some time now, yet it seems there is a proof of concept in place for users to play around with. This is a pretty big development for the Ethereum ecosystem as a whole, although there’s still a lot of work to be done. Sharding Comes Closer to Release Users of Ethereum have been looking forward to seeing this ecosystem scale for quite some time now. It is evident that transitioning Ethereum to a different form of technology is not all that easy, but things are slowly heading in the right direction. With a proof of concept code base for sharding having been released, it’s evident that Ethereum will enter a completely new […]
Two titans in the blockchain industry — NAGA and Ontology — have just teamed up to change the way the world does business. Here’s everything you need to know. Joining Forces In an exciting announcement today, two major players in the cryptocurrency space — NAGA and Ontology — have formed a long-term strategic partnership in an effort to effect “significant and powerful change” in the way business is conducted. Together, the two projects aim to bring high-performance public blockchains to the gigantic financial-technology (fintech) market, along with a series of complete distributed ledgers and smart contract systems. NAGA is diverse yet unified cryptocurrency ecosystem which offers the world’s first crypto-gateway to trade any sort of financial instrument and virtual good in a secure and transparent way. Ontology, on the other hand, is a new high-performance public blockchain and distributed trust […]
Hearing about the whopping figures that bitcoin exchanges are bringing in, one might be led to believe that all businesses in the field are making money hand over fist. Latest figures from Square, however, show that is not necessarily the case. At least not in the short term. Also Read: Bitcoin Is Not Used by Organized Crime Says Hong Kong Government SQ Reports Strong Q1 Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has posted its financial results for the first quarter of 2018 on Wednesday, showing overall strong performance. Total net revenue was $669 million, up 45% year over year, and Adjusted Revenue was $307 million, up 51% year over year. Despite its impressive yearly growth, the company’s stock price fell by about 6% in after-hours trading on Wednesday. Many analysts attribute this drop in […]
Slate Entertainment Group, the company behind SLATE (SLX) blockchain network, will power the first of its kind blockchain video on demand (BVOD) service, BINGE, which will facilitate a plethora of entertainment and ticketing. Slate Entertainment Group has also announced the upcoming token sale for the SLX token which is central to the entertainment ecosystem being cultivated. Disclosure: This is a Sponsored Article Tokens to be used for variety of purposes Tokens will be used to compensate creators, producers, and distributors. The same tokens will also be used as the medium of exchange for consumers looking to purchase ticketing for entertainment events. Since the tokens are secured by the blockchain network, event hosts can not only see when payments are made and received but also thwarts the problem of fake tickets. Tokens will be also used to reward Masternode operators, which […]
Horizon Communications, the Bermuda based startup has been mooting an ICO since the Q4 2017. The company is scheduling an internet service launch in the Caribbean and has done a lot of groundwork in the sensitization of the crypto community on its crowdsale. The presale has begun on Saturday, April 28 and is scheduled to sell for one month. However, the sale will end when the token allocation for presale is sold out. The concept behind the company’s drive is that Bermuda, an island country in the Caribbean has poor quality internet service despite a robust economy and a high income per capita. The country’s internet services are usually disrupted during natural disasters which the region is prone to. Horizon, therefore, came up with the idea of a state-of-the-art ISP that would introduce the region high-speed uninterruptible service. The presale […]
“There’s something wrong in today’s social media landscape…” Pavel Antohe, CEO and Founder, Kuende. Disclosure: This is a Sponsored Article The internet and social media platforms were supposed to bring the world together. A true global village, the ability to communicate with people online, from all over the world, had its advantages. Little was foreseen of the complications it would develop in the youth of today. The young people are now more and more interacting in the online world, and lesser by the day in the real one. Kuende, Fixing The Problem With social media platforms allowing people to express their views and ideas more and more, it led to a downside in the younger generation. Ironically, with these platforms, young minds became more unsocial in the real world. People are becoming more secluded as a result of their ability […]
Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of the early 2000s. Also Read: Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government Meitu Founder Accumulates Approximately 10,000 in 2018 In a recent interview with entrepreneur Wang Feng, Mr. Wensheng revealed that his goal of owning 10,000 BTC had been achieved following extensive accumulation during the bear trend of 2018. “When I clearly saw the future of blockchain and bitcoin, I set a goal for myself – owning 10,000 bitcoins, and now the goal has been achieved,” he said. Mr. Wensheng claimed […]
One of the most important virtual currencies in the market, Ethereum (ETH), has reached new levels on May the 3rd. At the moment is being traded around $750 dollars and… Continue reading “Ethereum Grows 11% and Reaches $750 After Good News Appear” The post Ethereum Grows 11% and Reaches $750 After Good News Appear appeared first on .
Wall Street investment bank Goldman Sachs has appeared to confirm it will offer Bitcoin trading. Goldman Exec: Bitcoin ‘Is Not A Fraud’ Speaking to the New York Times May 2, Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided that Bitcoin “is not a fraud.” “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it is an alternate store of value,’” she told the publication. While details remain sketchy, direct buying and selling Bitcoin will not be Goldman’s first port of call. Rather, “a variety” of associated products – the first of which will be Bitcoin futures – will grace the market first. Explaining the decision, which would make Goldman the first Wall Street bank to go for Bitcoin, Yared said some “skepticism” […]
Alibabacoin has been one of the more confusing projects in the digital currency space. Although it has no ties to Alibaba, it is seemingly doing quite well. A recent lawsuit filed by Alibaba Group Holding has hit a dead end. The judge ruled there is no ground for a trademark infringement in New York. Instead, they should file a lawsuit in China, where Alibababacoin isn’t even active. The entire Alibabacoin debacle has been pretty interesting to keep an eye on.This New York-based project is named after one of Asia’s most famous e-commerce giants. While there is no correlation between the two, the name isn’t chosen randomly either. It is only normal the Alibaba Group filed a lawsuit against this digital currency’s team to prevent its name from being used any further. Alibabacoin Remains a Problematic Project Unfortunately, that process has […]
Cryptocurrency is legal tender in Japan. There is active regulation in the country which makes Bitcoin and altcoins perfectly legal. That situation has been rather interesting to keep an eye on, as the law is still subject to interpretation. As of right now, the Japanese FSA aims to have cryptocurrency exchanges drop all cryptos which can be considered facilitators of criminal activity. What is Happening in Japan? There has been growing scrutiny of cryptocurrencies which focus on privacy and anonymity, as well as those which could enable criminal activity. Although it is a bit unclear which currencies should be looked into in this regard, it seems any currency with privacy traits is considered to be a liability. This does not bode well for currencies such as Monero, Zcash, Dash, Verge, and a few others. Japan’s Financial Services Authority has been paying a lot of attention to those currencies […]
Singapore- based DirectHome is looking to circumvent the necessity of a real estate agent, which typically charges either a flat fee or a percentage, typically around 6 percent. With the average price of a home in the USA above $200,000, that’s a commission of $12,000. Disclosure: This is a Sponsored Article Real estate was worth $220 trillion in 2017, accounting for 60% of global wealth, and is 2.7 times the global GDP. DirectHome enabling buyers and sellers DirectHome is putting power back into the buyer and seller’s hands with its online platform, allowing users to buy, sell, and rent properties without the need for a real estate agent. This not only expedites transactions but reduces transaction costs, meaning more money for the sellers, savings which can be passed along to the buyers. Battle-tested platform The platform has already transacted more […]
The Long Road to Blockchain Adoption Might be Getting Shorter was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
A common maxim in the cryptocurrency industry is that there is a lot more to this form of money than just Bitcoin. Although Bitcoin is, and will continue to be, the world’s leading cryptocurrency, companies such as Abra are taking a closer look at alternative currencies. After enabling support for a fair few altcoins, the company has now added Verge, Monero, NEO, NEM, and Lisk support. Abra Continues to Expand Positioning oneself as a global digital wallet is not an easy feat by any means. There are a lot of factors to take into account, especially when dealing with cryptocurrencies. For companies such as Abra, things are not looking all that bad in this regard, even though the company acknowledges there is always a demand for more cryptocurrencies. Over time, the firm has added a fair few altcoins to its wallet offering, and […]
The co-founder of Openbazaar, Washington Sanchez, has taken to Twitter to vent frustration with the high fees associated with BTC. Mr. Sanchez expressed regret for his previous BTC “maximalism,” and reinforced Openbazaar’s desire to place a greater emphasis on alternative cryptocurrencies. Also Read: Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings Washington Sanchez Slams BTC Fees Since 2014, Openbazaar has primarily facilitated payments on its platform in the form of bitcoin. In recent days, the company’s co-founder has expressed frustration with the fees associated with BTC payments, and the process and outcome of the scaling debate surrounding bitcoin. “I personally wasted so much time in the bitcoin scaling civil war that I could have used designing/building dapps and opening up Openbazaar to multiple currencies. Instead, we had to wait for fees [in BTC] to cripple any consumer usage before […]
Databroker DAO, a global platform for the buying and selling of sensor data, announced a list of public appearances in summits, conferences, and meetings throughout this year. Disclosure: This is a Sponsored Article Roadshow details The expedition started in the middle of April, with the World Blockchain Forum in Dubai. Since then, DataBroker DAO has made stops in Germany, London, and will make stops in China as well as Australia before the year is over. The full list of destinations they have been to and will be present at is below: April 16-17: World Blockchain Forum, Dubai. April 17-19: Eventhorizon, Berlin, Germany. April 18-19: Blockchain Expo, London, UK. April 19: Xero-In, Amsterdam, Netherland. April 23-24: Smart Island World Congress, Mallorca, Spain. May 2-3: Future Blockchain Summit, Dubai. May 3: FPA Connects, Dubai. May 2-5: AND& Festival, Louvain, Belgium. May 3-4: […]
The past six to seven months have been extremely interesting for most cryptocurrencies. With massive gains in late 2017 and steep losses throughout early 2018, making sense of these markets has not always been easy. Plus500, a well-respected online trading platform, is confident the cryptocurrency boom is “over”. It’s an interesting statement, considering that they added support for EOS trading just a few hours later. The Conflicting Opinions of Plus500 A lot of cryptocurrency users were surprised when Plus500 enabled support for Bitcoin price speculation a while ago. That move made a lot of sense, as the growing interest in cryptocurrency was beginning to materialize around that time. Companies are always looking to get a firm grip on the market and be part of emerging trends. The interest in cryptocurrencies certainly hasn’t waned in this regard, even though Plus500 seems to have a slightly […]
Payments network Square has revealed its customers bought over $34 million of bitcoin in the first 4 months of being available. Square Balances Books On Bitcoin Data from the company, which it published this week, shows its Cash app shifting $34.1 million in BTC, having spent $33.9 million purchasing the cryptocurrency to begin its offering. The figures make interesting reading in the year when the cryptocurrency exchange sector has become renowned for its ability to generate huge profits from trading fees. From South Korea, where regulators have demanded backdated tax payments from exchanges that raked in hundreds of millions of dollars since 2017, to Binance’s $200 million gains in Q1 this year, businesses are capitalizing on user thirst for crypto. Square’s setup remains relatively small-scale, the Cash app holding client funds on their behalf and only permitting $10,000 of purchases […]
Looking to attend an event focused on developing the decentralised ecosystem, then the Tokenomics by Iskander.events is a place to be. The host, Iskander.events is an organisation which continually provides… Continue reading “A 48-hours Tokenomics Marathon in Tallinn – The First Iskander Event” The post A 48-hours Tokenomics Marathon in Tallinn – The First Iskander Event appeared first on .
Blockchain startup Bulleon has announced the addition of three new members to their growing team. Vladimir Nikitin, Phillip Nunn, and Nikolay Shkilev, will look to bring their experience in the areas of cryptocurrency, financial technology, and IT technology to the project. Nikitin is considered the second-best advisor in popular rating site ICO bench and is well known to the community for his professional consultancy work in law, finance, retail, and IT industries. Disclosure: This is a Sponsored Article Nikitin has is also a long-term advocated for cryptocurrency is has stated his intention to be a big part of the blockchain technology and its future in the world. Founder of The Blackmore Group, Nunn also has over a decade of experience in finances with particular insight into angel investment, financial tech, commercial property investment, and wealth management. Shkilev is the Co-Founder […]
An official with the U.S. Securities and Exchange Commission (SEC) has argued that many initial coin offerings (ICOs) are securities offerings in disguise, and that they could be putting investors money at risk. Speaking at a conference in New York on ‘The Future of Financial Fraud,’ Valerie Szczepanik, SEC assistant director of enforcement and head of the agency’s working group on cryptocurrencies, said: They’re raising a lot of money, but they’re not complying with the rules that are in place to protect investors. During her speech Szczepanik didn’t single out any ICO; however, she did state that many are simply created to raise money for the company, providing investors with a platform to speculate. As a result, this is the definition of a security under law she said, reports CNBC. Barry Silbert, CEO of Digital Currency Group, argued that the securities laws in […]
It seems as if Twitter account hacks are becoming more common as of late. After Vertcoin, Substratum has now had its account hacked a swell. The purpose was the exact same, as the criminals tried to stir up some hype that isn’t even there. A fake announcement regarding the altcoin getting listed on Coinbase caused a brief price spike. The Substratum community received a nasty surprise yesterday evening. Someone took control of the project’s Twitter account for some unknown reason. In doing so, they effectively tricked users into believing the coin will be added to Coinbase. That is not the case, even though the exchange will add more currencies soon. Although it is possible Substratum will be added, the chances are slim to none right now. Don’t buy the Substratum Rumors This fake announcement caused the SUB price to spike […]
Today is proving to be a rather interesting day for most cryptocurrencies Although there seems to be a tug-of-war between bears and bulls right now, the Ethereum price is trending up ever so slightly. Thanks to some solid overnight gains, the value per ETH is trying to reach $720 once again. Holding on to that price point will be quite challenging, for obvious reasons. Ethereum Price Climbs Above $700 It has not been the best start of the year for the Ethereum price. In fact, one could argue the first few months of this year have been pretty bearish for the Ethereum price, although the same can be said about all other cryptocurrencies at this stage. Whether or not the Ethereum price can continue this uptrend for much longer, is always a topic of debate. In the past month, we […]
A duo dubbed the “Discount Bitcoin Bandits” have been charged with stealing thousands of dollars from individuals intending to purchase cryptocurrency in the Los Angeles Area. Bitcoin Bonnie and Clyde? Precious Lanay Fitzgerald and Lawillie Joshua Hall, the man and woman known as the “Discount Bitcoin Bandits,” each face multiple charges after they are accused of stealing approximately $90,000 in a fraudulent Bitcoin scheme. According to a report released by the LA District Attorney’s Office, the pair allegedly posted advertisements online offering Bitcoin for sale and took advantage of potential buyers. They used these adverts and online communications to steal money from six people between October and February of last year. In one instance, Fitzgerald was supposed to send the cryptocurrency to a victim after receiving a wire transfer but failed to do so. In the instances where Fitzgerald met face-to-face with victims, she […]
In today’s Bitcoin in Brief – crypto traders are in trouble due to issues with the trading platforms they have trusted. Hacked Italian Bitgrail exchange is closed again after a brief reopening. It suspended operations on request from the court of Florence, following a petition filed on behalf of one of its creditors. Also, beleaguered Romanian Btcxchange has shut down after multiple setbacks. A local bank recently closed its account. Also read: Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked Bitgrail Reopened, then Closed Again Bitgrail, the Italian crypto exchange which suspended operations after losing 17 million XRB in a presumed hack this year, has briefly reopened and closed again. On May 1 the trading platform announced it will commence operations on the following day, May 2, 2018, with trading and withdrawals available for all supported coins, except […]
The CEO of Barclays has said that it won’t be launching a cryptocurrency trading desk anytime soon stating that he is wary of regulatory and compliance issues. Speaking at Barclays’ annual general meeting on Tuesday, Jes Staley, was responding to a shareholder question regarding the digital currency space, reports the Financial News. Even though Staley explained that the bank was looking into the cryptocurrency-related business, he added that: Cryptocurrency is a real challenge for us because, on the one hand, there is the innovative side of it and wanting to stay in the forefront of technology’s improvement in finance. On the other side of it, there is the possibility of cryptocurrencies being used for activities that the bank wants to have no part of. Staley added that even though Barclays is aiding clients to settle bitcoin futures it has no immediate plans […]
After a rather unpleasant 3 months which saw the price of Bitcoin fall to less than half its all-time high, the gold standard of cryptocurrency has finally shown signs of reversal. The market leader is currently trading around $9200, but can Bitcoin ever reach and surpass its previous highs? Sure it can — here’s how. ‘Better Security Infrastructure’ As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchange. However, for this to happen, more secure and user-friendly infrastructure must be built. Christian Ferri, President and CEO of BlockStar, explained: Assuming Bitcoin will be used as [a] store of value going forward (e.g. digital gold), a better security infrastructure overarching the entire crypto ecosystem will be needed for people to […]
Goldman Sachs is reportedly launching a bitcoin trading operation where it will trade bitcoin futures contracts on behalf of clients using its own money, starting as early as the next few weeks. The Wall Street investment firm will also offer its own bitcoin futures product to clients. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Goldman Gets into Bitcoin According to the New York Times, Goldman Sachs is gearing up to launch a trading operation to buy and sell bitcoin futures for institutional clients. Reporter Nathaniel Popper wrote: In the next few weeks — the exact start date has not been set — Goldman will begin using its own money to trade bitcoin futures contracts on behalf of clients. It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will […]
Some time ago, the famous social network platform Reddit, decided to no longer accept bitcoin payments for purchasing Reddit Gold. According to the company, this happened because of some bugs… Continue reading “Cryptocurrency Payments Coming Back to Reddit – Including ETH, BTC and LTC” The post Cryptocurrency Payments Coming Back to Reddit – Including ETH, BTC and LTC appeared first on .
Big news in the crypto world – NAGA and Ontology have announced the start of a long-term strategic partnership to commence a significant and powerful change in business operations and bring high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems to the massive financial technology markets. The partnership of the two giants will be aimed at exploring application development, outreach, incubation, and building a new generation of public blockchain infrastructure and a distributed trust ecosystem. The purpose will be to support real business applications and scenarios. NAGA currently has a number of big projects in operation: NAGA WALLET, NAGA TRADER, NAGA CARD, NAGA COIN (NGC) and several other projects in development. Thus, the partnership will not only help to structurize business processes at NAGA but can potentially mean that one of the biggest Crypto […]