Cryptocurrency News – ICO Insider Blockchain, ICO, Bitcoin, Ethereum, Cryptocurrency News Tue, 13 Feb 2018 12:13:52 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.5 /wp-content/uploads/2017/09/cropped-ICOinisderSquareSiteIcon-32x32.png Cryptocurrency News – ICO Insider 32 32 Samsung Confirms It’s Now Making Cryptocurrency Mining Chips /samsung-confirms-now-making-cryptocurrency-mining-chips/ /samsung-confirms-now-making-cryptocurrency-mining-chips/#respond Thu, 01 Feb 2018 16:02:01 +0000 /?p=2073 Samsung has confirmed it is now manufacturing bitcoin mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed Chinese mining firm. A company spokesperson has […]

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EU Commissioner to Host ‘High Level Roundtable’ on Cryptocurrencies /eu-commissioner-host-high-level-roundtable-cryptocurrencies/ /eu-commissioner-host-high-level-roundtable-cryptocurrencies/#respond Tue, 23 Jan 2018 21:51:03 +0000 /?p=2053 A European Union commissioner plans to hold a meeting of public and private sector stakeholders to discuss the impact of cryptocurrencies on central banks. In remarks at a press conference for the Economic and Financial Affairs Council (ECOFIN) on Tuesday, Valdis Dombrovskis, the Vice President for the Euro and Social Dialogue, said he plans to discuss the issue […]

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South Korea’s Second Largest Bank Supports Cryptocurrency Exchanges, Traders Relieved /south-koreas-second-largest-bank-supports-cryptocurrency-exchanges-traders-relieved/ /south-koreas-second-largest-bank-supports-cryptocurrency-exchanges-traders-relieved/#respond Sun, 21 Jan 2018 16:24:50 +0000 /?p=2049 Bithumb and Korbit, two of the largest cryptocurrency exchanges in the South Korean market, have announced that Kookmin Bank deposits and withdrawals will be disabled by the end of January. Shinhan Bank Will Support Cryptocurrency Exchanges Kookmin Bank, the biggest financial institution in South Korea, has decided not to support cryptocurrency exchanges and provide virtual […]

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PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders /pboc-reportedly-orders-payment-services-stop-serving-crypto-traders/ /pboc-reportedly-orders-payment-services-stop-serving-crypto-traders/#respond Fri, 19 Jan 2018 16:20:34 +0000 /?p=2044 The Business Administration Department of the People’s Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities. The news, first reported by Securities Times, a state-owned media outlet launched by the Communism Party mouthpiece the People’s Daily, said the document requires payment companies to start […]

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SEC Says Crypto-Based Funds Not Ready For Regulation /sec-says-crypto-based-funds-not-ready-regulation/ /sec-says-crypto-based-funds-not-ready-regulation/#respond Fri, 19 Jan 2018 15:58:47 +0000 /?p=2041 The US Securities and Exchange Commission (SEC) released a staff letter on Jan. 18, directed at two Wall Сtreet trade groups that are interested in opening ETFs and mutual funds based on Bitcoin (BTC). The letter makes the case that companies offering cryptocurrency-based investment products are not yet able to comply with SEC regulations. Dalia Blass, the SEC’s […]

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BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny /bitconnect-shuts-cryptocurrency-exchange-citing-bad-press-ddos-attacks-regulator-scrutiny/ /bitconnect-shuts-cryptocurrency-exchange-citing-bad-press-ddos-attacks-regulator-scrutiny/#respond Wed, 17 Jan 2018 17:21:56 +0000 /?p=2038 The operator of BitConnect, a cryptocurrency that has long courted controversy, has announced the closure of its cryptocurrency exchange and a separate lending platform. In an announcement on its website on Tuesday, BitConnect confirmed the immediate closure of its lending operation whereas its exchange platform will effectively shutter in a further five days. The website, meanwhile, will […]

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No Cryptocurrency Trading Ban, South Korea Government Confirms /no-cryptocurrency-trading-ban-south-korea-government-confirms/ /no-cryptocurrency-trading-ban-south-korea-government-confirms/#respond Mon, 15 Jan 2018 18:06:01 +0000 /?p=2027 On January 15, in a public press conference, South Korea President Moon Jae-in’s executive office Blue House spokesperson Jeong Ki-joon, emphasized that there will be no cryptocurrency trading ban in the near future. In an official announcement, spokesperson Jeong noted that the cryptocurrency regulation task force created by the government will improve and alter the […]

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Cryptocurrency Market Rebounds After Major Correction as Bitcoin and Cardano Record Gains /cryptocurrency-market-rebounds-major-correction-bitcoin-cardano-record-gains/ /cryptocurrency-market-rebounds-major-correction-bitcoin-cardano-record-gains/#respond Mon, 15 Jan 2018 18:00:39 +0000 /?p=2023 Yesterday, on January 15, the entire cryptocurrency market recorded a massive decline in value, as bitcoin, Ethereum, Ripple, and other major cryptocurrencies fell amidst a major correction. The cryptocurrency market lost $60 billion in market valuation, mostly due to the massive decline in the price of smaller cryptocurrencies in the market.’ Bitcoin, Cardano, Qtum, and Monero […]

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Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians /koreas-crypto-crackdown-talk-draws-backlash-users-politicians/ /koreas-crypto-crackdown-talk-draws-backlash-users-politicians/#respond Sat, 13 Jan 2018 15:59:42 +0000 /?p=2017 More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That shot across the bow was […]

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MoneyGram to Pilot Ripple’s XRP Token /moneygram-pilot-ripples-xrp-token/ /moneygram-pilot-ripples-xrp-token/#respond Fri, 12 Jan 2018 02:34:08 +0000 /?p=2010 International money-remittance firm MoneyGram is partnering with Ripple to test the startup’s XRP token for international payments. According to a press release, MoneyGram will test Ripple’s xRapid service due to its claimed speed and cost efficiency. The release noted that XRP transaction fees are significantly less than those of the bitcoin network. While existing money transfer […]

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Cryptocurrencies Will Come to a ‘Bad Ending’: Bitcoin Bear Warren Buffett /cryptocurrencies-will-come-bad-ending-bitcoin-bear-warren-buffett/ /cryptocurrencies-will-come-bad-ending-bitcoin-bear-warren-buffett/#respond Wed, 10 Jan 2018 18:41:44 +0000 /?p=2004 Legendary investor and billionaire Warren Buffett continues his bearish outlook on bitcoin and other cryptocurrencies. In a televised interview on CNBC, Buffett was asked about JPMorgan Chase CEO Jamie Dimon’s backpedaling take on bitcoin, after the latter expressed regret about calling bitcoin a ‘fraud’ last year. Queried if he too would re-think his recent remarks on […]

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TRON Uses ‘Creative Marketing’ to Hype Baofeng Partnership /tron-uses-creative-marketing-hype-baofeng-partnership/ /tron-uses-creative-marketing-hype-baofeng-partnership/#respond Wed, 10 Jan 2018 18:39:02 +0000 /?p=2000 Some community members are crying foul after blockchain content distribution startup TRON exercised a bit of creative license to promote it partnership with Chinese company Baofeng. TRON Announces Partnership with Public Chinese Firm Baofeng On Wednesday, TRON founder Justin Sun announced that the startup had entered into a partnership with Baofeng, a publicly-listed Chinese company […]

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Ripple Down 30 Percent as Bull Run Fades /ripple-30-percent-bull-run-fades/ /ripple-30-percent-bull-run-fades/#respond Mon, 08 Jan 2018 16:02:41 +0000 /?p=1992 Ripple’s XRP token is down more than 30 percent today, as losses are seen across the top 15 cryptocurrencies. Having rallied more than 35,000 percent last year, the price of XRP rose to lifetime high of $3.85 on Jan. 4. However, the bull run faded in subsequent days. Over the weekend, XRP traded in a sideways manner […]

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US Government to Sell 513 Bitcoin and 512 Bitcoin Cash Seized From Dark Web Dealer /us-government-sell-513-bitcoin-512-bitcoin-cash-seized-dark-web-dealer/ /us-government-sell-513-bitcoin-512-bitcoin-cash-seized-dark-web-dealer/#respond Sun, 07 Jan 2018 15:38:43 +0000 /?p=1986 The US government has been approved by a federal judge in Utah to auction off 513 bitcoin and 512 Bitcoin Cash seized from an investigation into Aaron Michael Shamo, a dark web dealer. 8.5 Million Sale In the upcoming weeks, the government is expected to sell all of the assets seized after the arrest of […]

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South Korea Sets Date for Anonymous Crypto Trading Ban: Report /south-korea-sets-date-anonymous-crypto-trading-ban-report/ /south-korea-sets-date-anonymous-crypto-trading-ban-report/#comments Tue, 02 Jan 2018 16:58:21 +0000 /?p=1968 South Korea will reportedly begin implementing new regulations banning anonymous cryptocurrency exchange accounts on or around Jan. 20. Citing anonymous sources, Yonhap News reports that the efforts to clamp down on speculative investing in the cryptocurrency markets now seemingly have a hard launch date. The proposal essentially strengthens “know-your-customer” rules already in existence for exchanges and banks, […]

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Miners from 15 Countries to Give Input for Russian Cryptocurrency Bill /miners-15-countries-give-input-russian-cryptocurrency-bill/ /miners-15-countries-give-input-russian-cryptocurrency-bill/#respond Mon, 25 Dec 2017 17:04:26 +0000 /?p=1938 Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December 28. Russia Hosting Meeting of Miners […]

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30% Decline: Charting the Ongoing Crypto Price Correction /30-decline-charting-ongoing-crypto-price-correction/ /30-decline-charting-ongoing-crypto-price-correction/#respond Fri, 22 Dec 2017 18:38:30 +0000 /?p=1926 In what is likely to be one of the biggest corrections ever seen in the burgeoning cryptocurrency market, the total value of the nascent asset class, created with the advent of bitcoin in 2009, shed billions on Friday. At press time, the total value of all cryptocurrencies, including bitcoin and the 1,300 others trading, is down more […]

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Ripple Price Surges by Nearly 40%, Surpasses $1 For First Time in History /ripple-price-surges-nearly-40-surpasses-1-first-time-history/ /ripple-price-surges-nearly-40-surpasses-1-first-time-history/#respond Thu, 21 Dec 2017 17:36:02 +0000 /?p=1922 The Ripple price has surged by nearly 40 percent over the past 24 hours led by the US and South Korean cryptocurrency markets. For the first time in history, the price of Ripple has surpassed $1, an important milestone for the cryptocurrency and the global Ripple community. Factors Behind Ripple’s Price Surge Earlier this month, […]

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Litecoin Creator Sells Stake Citing ‘Conflict of Interest’ /litecoin-creator-sells-stake-citing-conflict-interest/ /litecoin-creator-sells-stake-citing-conflict-interest/#respond Wed, 20 Dec 2017 17:28:05 +0000 /?p=1914 The creator of litecoin has sold off all his holdings in the cryptocurrency, citing a perceived conflict of interest. Writing in a Reddit post this morning, developer Charlie Lee explained he no longer wants to fend off allegations his remarks about litecoin’s price are being done for his personal enrichment, and that he saw the sale as the best […]

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Coinbase to Probe for Breach in Bitcoin Cash Listing /coinbase-probe-breach-bitcoin-cash-listing/ /coinbase-probe-breach-bitcoin-cash-listing/#respond Wed, 20 Dec 2017 17:15:20 +0000 /?p=1910 Cryptocurrency exchange startup Coinbase has announced it will commence an investigation into whether any employees may have violated its insider trading rules in the run-up to its surprise listing of bitcoin cash yesterday. The news follows widespread social media accusations that suggest employees may have moved to tip off others in advance of the news. […]

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Bitcoin Exchange Youbit to Declare Bankruptcy After Hack /bitcoin-exchange-youbit-declare-bankruptcy-hack/ /bitcoin-exchange-youbit-declare-bankruptcy-hack/#respond Tue, 19 Dec 2017 17:02:38 +0000 /?p=1902 A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website states that at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17% of total assets.” The cyber attack is the second for Youbit, previously known Yapizon. […]

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Ethereum, Ripple And Litecoin Have Arrived on Bloomberg Terminals /ethereum-ripple-litecoin-arrived-bloomberg-terminals/ /ethereum-ripple-litecoin-arrived-bloomberg-terminals/#respond Fri, 15 Dec 2017 17:07:28 +0000 /?p=1888 Financial data firm Bloomberg has added three new cryptocurrencies – ethereum (ether), Ripple (XRP) and litecoin – alongside bitcoin on its Terminal service. According to a Fortune report, sources said the addition of the new price data is aimed at forex traders seeking to explore the new instruments. They also suggested that Bloomberg terminal data for the […]

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Crypto Fund Bitwise Raises $4 Million in VC Funding /crypto-fund-bitwise-raises-4-million-vc-funding/ /crypto-fund-bitwise-raises-4-million-vc-funding/#respond Tue, 12 Dec 2017 17:08:24 +0000 /?p=1875 Cryptocurrency investment startup Bitwise has raised $4 million in seed funding. Backing the San Francisco-based startup in the raise are investors including Kholsa Ventures’ Keith Rabois, General Catalyst’s Hemant Taneja and Blockchain Capital, as well as Naval Ravikant, Suna Said, Adam Ludwin, Adam Nash and Elad Gil, among others. The funding comes as the firm officially […]

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Litecoin Price Leaps 30% to New All-Time High /litecoin-price-leaps-30-new-time-high/ /litecoin-price-leaps-30-new-time-high/#respond Mon, 11 Dec 2017 17:16:09 +0000 /?p=1870 Litecoin price leaped by nearly a third on Monday, raising the sixth-largest cryptocurrency to a new all-time high. Litecoin Price Touches $185 For most of December, the litecoin price had traded between $90 and $100, but on Friday it exploded to $130 and continued to rise heading into the weekend. On Saturday, litecoin topped $160 […]

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Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts /bitcoin-platinum-created-south-korean-teenager-scam-local-market-erupts/ /bitcoin-platinum-created-south-korean-teenager-scam-local-market-erupts/#respond Sun, 10 Dec 2017 17:09:12 +0000 /?p=1855 According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market have outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager. The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project as a hard fork of the Bitcoin Blockchain. Earlier […]

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Bittrex Customers Locked Out: Are Crypto Exchanges Ready for Bitcoin? /bittrex-customers-locked-crypto-exchanges-ready-bitcoin/ /bittrex-customers-locked-crypto-exchanges-ready-bitcoin/#respond Sat, 09 Dec 2017 06:43:39 +0000 /?p=1851 Bittrex users took to social media to voice their concerns: something is wrong at the third largest cryptocurrency exchange in the world. Customers openly complain they’re having issues with withdrawals, and this has been going on for weeks. Certainly every popular platform has had its share of problems with runs in the wake of price spikes, […]

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Craigslist Sellers Can Now Request Cryptocurrency Payments /craigslist-sellers-can-now-request-cryptocurrency-payments/ /craigslist-sellers-can-now-request-cryptocurrency-payments/#respond Sat, 09 Dec 2017 06:35:21 +0000 /?p=1847 Online classifieds marketplace Craigslist has added a feature that lets users specify that they accept cryptocurrency payments. While the site’s users have been able to point out in the text of their posts that they may take bitcoin or another cryptocurrency, the website now allows users to more directly advertise by selecting a check-off box […]

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NiceHash CEO Confirms Bitcoin Theft Worth $78 Million /nicehash-ceo-confirms-bitcoin-theft-worth-78-million/ /nicehash-ceo-confirms-bitcoin-theft-worth-78-million/#respond Fri, 08 Dec 2017 06:18:54 +0000 /?p=1842 Cryptocurrency mining marketplace NiceHash has confirmed that yesterday’s hack resulted in the loss of over 4,700 BTC, an amount worth more than $78 million at press-time prices. In a video update streamed live on Facebook, CEO and co-founder Marko Kobal provided an update to yesterday’s dramatic announcement that the company, founded in 2014, had incurred a hack and […]

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IOTA Price Explodes After Microsoft Partnership Announcement /iota-price-explodes-microsoft-partnership-announcement/ /iota-price-explodes-microsoft-partnership-announcement/#respond Tue, 05 Dec 2017 15:33:56 +0000 /?p=1825 The IOTA price has surged nearly 600 percent this month on the heels of a flurry of announcements related to the launch of IOTA’s much-touted Data Marketplace. IOTA Storms to Fifth-Largest Market Cap One month ago, the IOTA price was valued at just $0.37, but it experienced a steady climb over the course of the […]

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Now You Can Buy Mariah Carey and G-Eazy Albums with Monero /now-can-buy-mariah-carey-g-eazy-albums-monero/ /now-can-buy-mariah-carey-g-eazy-albums-monero/#respond Tue, 05 Dec 2017 15:24:00 +0000 /?p=1821 A group of well-known musicians including Mariah Carey, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency monero. The list of more than 40 top recording artists – Slayer, Weezer, G-Eazy, Sia and Fallout Boy are among those also included – comes as part of “Project Coral Reef,” which was put together by entrepreneur Naveen […]

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TechCrunch Founder Raising $100 Million XRP Fund /techcrunch-founder-raising-100-million-xrp-fund/ /techcrunch-founder-raising-100-million-xrp-fund/#respond Wed, 29 Nov 2017 03:57:00 +0000 /?p=1785 Call it the latest sign of the sea change. Announced today at CoinDesk’s Consensus: Invest in New York, TechCrunch founder Michael Arrington revealed he’s raising $100 million for a hedge fund that will buy and hold crypto assets while making investments in token sales and (some) equities and debt. Launched under a new entity called Arrington XRP Capital, […]

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Tether Claims $30 Million in Stable Token Stolen By Attacker /tether-claims-30-million-stable-token-stolen-attacker/ /tether-claims-30-million-stable-token-stolen-attacker/#respond Tue, 21 Nov 2017 04:59:15 +0000 /?p=1717 Tether, the company behind a dollar-pegged cryptocurrency widely used by in the market’s exchange trade, is claiming its systems have been hacked and that $30 million worth of its tokens have been stolen. In a post on the project’s website (which at press time is unavailable), Tether blamed a “malicious action by an external attacker” for the […]

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First BTC-LTC Lightning Network Swap Completed, Huge Potential /first-btc-ltc-lightning-network-swap-completed-huge-potential/ /first-btc-ltc-lightning-network-swap-completed-huge-potential/#respond Sat, 18 Nov 2017 17:47:30 +0000 /?p=1706 The first ever off-chain atomic swap between Bitcoin and Litecoin has been successfully completed, according to news sources. The swap is particularly important because it was made off chain, meaning that ownership of the coins changed hands, but there was no transaction recorded on either Blockchain. According to Litecoin founder Charlie Lee: “Previous atomic swaps that I have done were on-chain, and […]

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Blockchain Wallet Will Add SegWit, Full Bitcoin Cash Support By 2018 /blockchain-wallet-will-add-segwit-full-bitcoin-cash-support-2018/ /blockchain-wallet-will-add-segwit-full-bitcoin-cash-support-2018/#respond Fri, 17 Nov 2017 04:11:23 +0000 /?p=1676 Cryptocurrency wallet provider Blockchain (formerly Blockchain.info) has announced it will add SegWit and full Bitcoin Cash (BCH) support. A tweet by CEO Peter Smith Wednesday confirmed the near-term roadmap for the popular wallet, which already supports Ethereum (ETH) in addition to Bitcoin (BTC) with limited BCH functionality. #BitcoinCash (full support in December) and #SegWit coming up next 🚀https://t.co/YZeJNbfcPh — Peter Smith […]

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‘Shitshow’ to Success? Bitcoin Gold’s Launch Has Been Anything But Smooth /shitshow-success-bitcoin-golds-launch-anything-smooth/ /shitshow-success-bitcoin-golds-launch-anything-smooth/#respond Thu, 16 Nov 2017 03:06:31 +0000 /?p=1669 An attack, a chain split and general chaos on social media aren’t getting the developers behind bitcoin’s latest fork down. The bitcoin gold cryptocurrency, which split from bitcoin in October, at the time touting a new mining scheme, has had a rocky start since it launched its live network on Nov. 12. Within the first day after its release, […]

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Police Posted at Bithumb as Users File Lawsuit After Server Outage Costs Millions /police-posted-bithumb-users-file-lawsuit-server-outage-costs-millions/ /police-posted-bithumb-users-file-lawsuit-server-outage-costs-millions/#respond Wed, 15 Nov 2017 02:15:23 +0000 /?p=1651 Users of Bithumb, the world’s largest cryptocurrency exchange, have filed a class action lawsuit following a costly server outage on November 12. Despite only lasting 90 minutes, the outage cost traders millions of dollars, occurring at the height of frenzied bitcoin cash trading. One customer complained of losing 250 million won ($223,000) in the chaos. […]

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Bitcoin Gold Launches to Little Fanfare /bitcoin-gold-launches-little-fanfare/ /bitcoin-gold-launches-little-fanfare/#respond Tue, 14 Nov 2017 08:22:26 +0000 /?p=1637 The bitcoin gold (BTG) network activated on Sunday with the idealistic goal to “make bitcoin decentralized again” by blocking the use of ASIC miners, but several metrics indicate that it faces significant obstacles in its quest to fulfill that mission. Bitcoin Gold Network Launches Though technically an altcoin, bitcoin gold is the latest cryptocurrency created […]

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Future of Digital Currency May Not Involve Blockchains /future-digital-currency-may-not-involve-blockchains/ /future-digital-currency-may-not-involve-blockchains/#respond Thu, 02 Nov 2017 03:56:14 +0000 /?p=1572 Although it may be hard to imagine, cryptocurrencies are far older than Blockchain technology. Most of us look at Bitcoin as the first cryptocurrency, although it is only the first Blockchain-based currency. Cryptocurrencies like B-Money and BitGold existed prior to Bitcoin, however, these didn’t really go far, especially when judged against Bitcoin. The problem with cryptocurrencies […]

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Catalonia Considering Cryptocurrency Post-Independence, Advised By Ethereum Creator /catalonia-considering-cryptocurrency-post-independence-advised-ethereum-creator/ /catalonia-considering-cryptocurrency-post-independence-advised-ethereum-creator/#respond Sun, 29 Oct 2017 02:34:10 +0000 /?p=1546 The small but economically vital Catalonia region of Spain has declared its independence, but Madrid vows to keep the region a part of Spain. While governments and thought leaders around the world line up behind opposing sides, the would-be independent government is looking to use a national cryptocurrency and a Blockchain-based residency system. According to a local newspaper in […]

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Gates Foundation Taps Ripple to Develop Mobile Payments Services /gates-foundation-taps-ripple-develop-mobile-payments-services/ /gates-foundation-taps-ripple-develop-mobile-payments-services/#respond Wed, 18 Oct 2017 07:46:46 +0000 /?p=1450 The Bill & Melinda Gates Foundation has tapped Ripple’s Interledger Protocol (ILP) to help level the economic playing field for the 2 billion people who are trapped in poverty, many of whom solely because they do not have access to a bank account or other basic financial services. Gates Foundation Calls on Ripple On Monday, […]

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Ripio Raises $31 Million in Private Ethereum Token Sale /ripio-raises-31-million-private-ethereum-token-sale/ /ripio-raises-31-million-private-ethereum-token-sale/#respond Thu, 12 Oct 2017 03:17:04 +0000 /?p=1405 Bitcoin startup Ripio has raised $31 million in an advanced sale for a forthcoming blockchain network. Formerly known as BitPagos, the Argentinian startup is raising the funds to build what it calls the Ripio Credit Network, which will utilize as an ethereum token as a medium of exchange between lenders and borrowers. Ripio is now planning to […]

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Global Lending System Can Be Improved With Blockchain /global-lending-system-can-improved-blockchain/ /global-lending-system-can-improved-blockchain/#respond Thu, 05 Oct 2017 08:54:27 +0000 /?p=1315 Not everyone has the means to open a personal or business bank account but practically, everyone needs to make transactions that involve money. In fact, World Bank Global Findexindicates that two billion individuals have no access to bank accounts. In the US alone, 7% of households are unbanked according to the latest data by the […]

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Goldman Sachs May Launch a Bitcoin and Cryptocurrency Exchange /goldman-sachs-may-launch-bitcoin-cryptocurrency-exchange/ /goldman-sachs-may-launch-bitcoin-cryptocurrency-exchange/#respond Wed, 04 Oct 2017 03:23:42 +0000 /?p=1290 Earlier this week, Paul Vigna, a Wall Street Journal reporter, revealed that several key figures familiar with the matter confirmed that Goldman Sachs, the $93 billion investment bank, may launch a bitcoin and cryptocurrency trading platform in the upcoming months. Goldman Sachs’ cryptocurrency trading division and strategic investment group are reportedly investigating into the plan […]

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The US Treasury Is Testing Distributed Ledger Asset Tracking /us-treasury-testing-distributed-ledger-asset-tracking/ /us-treasury-testing-distributed-ledger-asset-tracking/#respond Wed, 04 Oct 2017 03:16:30 +0000 /?p=1286 A major agency within the US Department of the Treasury is planning to track the movement of smart phones, computers and other office assets in a new blockchain pilot project. The Bureau of the Fiscal Service’s Office of Financial Innovation and Transformation (FIT) said yesterday that it has hired an as-yet-unnamed contractor to build a prototype system […]

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First Cash, Now Gold? Another Bitcoin Hard Fork Is on the Way /first-cash-now-gold-another-bitcoin-hard-fork-way/ /first-cash-now-gold-another-bitcoin-hard-fork-way/#respond Thu, 28 Sep 2017 06:16:03 +0000 /?p=1242 Bitcoin, bitcoin cash, bitcoin gold? There could be as many as four cryptocurrencies bearing the bitcoin name if a small group of miners and developers carry out a planned fork of the blockchain this month. Styled as a rebellion of sorts, bitcoin gold aims to follow a similar launch plan as bitcoin cash – the blockchain that split […]

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New SEC Cyber Unit to Police ICOs and Other DLT ‘Violations’ /new-sec-cyber-unit-police-icos-dlt-violations/ /new-sec-cyber-unit-police-icos-dlt-violations/#respond Wed, 27 Sep 2017 07:08:41 +0000 /?p=1212 The SEC will target violations involving distributed ledger technology and initial coin offerings (ICOs) as part of a new effort to fight cybercrime. Announced late Monday, the unit will go after “misconduct perpetrated using the dark web,” where bitcoin and other cryptocurrencies are used to pay for illicit goods, the SEC said. The team, led by […]

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Better in Byzantium? Ethereum Takes Baby Steps Toward a Privacy Boost /better-byzantium-ethereum-takes-baby-steps-toward-privacy-boost/ /better-byzantium-ethereum-takes-baby-steps-toward-privacy-boost/#respond Tue, 26 Sep 2017 06:50:19 +0000 /?p=1186 Ethereum users may soon be getting a much-needed privacy boost. Long a shortcoming for all public blockchain networks, the world’s second-largest blockchain is nonetheless aiming for big improvements in its upcoming Byzantium release. For most buy-and-hold users, these limitations might not be apparent, but that’s not to say there aren’t potential implications that could affect the […]

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Korea’s Largest Messenger App Launching Exchange With 110+ Cryptocurrencies /koreas-largest-messenger-app-launching-exchange-110-cryptocurrencies/ /koreas-largest-messenger-app-launching-exchange-110-cryptocurrencies/#respond Tue, 26 Sep 2017 06:40:00 +0000 /?p=1183 The operator of Kakao Stock, a popular Korean securities trading app based on the country’s number one smartphone messenger app Kakao Talk, is launching a cryptocurrency exchange called Upbit. Over 110 cryptocurrencies will be supported initially including bitcoin, ether, and litecoin. The company says that it will be the largest digital currency exchange in South […]

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Chinese Exchange ViaBTC to Launch Platform Based Outside of the Country /chinese-exchange-viabtc-launch-platform-based-outside-country/ /chinese-exchange-viabtc-launch-platform-based-outside-country/#respond Sat, 23 Sep 2017 14:49:29 +0000 /?p=1175 Chinese cryptocurrency exchange ViaBTC has announced its intention to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th. ViaBTC has revealed plans to launch a cryptocurrency exchange platform outside of mainland China. The company estimates that […]

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Gravity’s Pull? Litecoin Is Down 50% from All-Time Highs and Looking Lower /gravitys-pull-litecoin-50-time-highs-looking-lower/ /gravitys-pull-litecoin-50-time-highs-looking-lower/#respond Sat, 23 Sep 2017 14:30:18 +0000 /?p=1170 The litecoin-U.S. dollar (LTC/USD) exchange rate is again trading below $50, just three weeks after setting a new all-time high just below $100. While the sell-off is in line with the broader market weakness, it may be alarming given the recent losses and the lack of signals for a bullish reversal. As of writing, the […]

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Chinese Bitcoin Exchange Executives Allegedly Must Remain in China /chinese-bitcoin-exchange-executives-allegedly-must-remain-china/ /chinese-bitcoin-exchange-executives-allegedly-must-remain-china/#respond Thu, 21 Sep 2017 15:23:24 +0000 /?p=1160 Reports have emerged alleging that Chinese bitcoin exchange executives have been forbidden from leaving the country. The travel ban has been instigated whilst the Chinese central government seeks to “clean-up” the nation’s cryptocurrency industries. Chinese Bitcoin Exchange Executives Are Reported to Be Required to Stay in China During the Governments Cryptocurrency “Clean-Up” It has been […]

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China Bitcoin Exchange Ban to Extend to OTC Trading, Maybe Mining: WSJ /china-bitcoin-exchange-ban-extend-otc-trading-maybe-mining-wsj/ /china-bitcoin-exchange-ban-extend-otc-trading-maybe-mining-wsj/#respond Tue, 19 Sep 2017 05:35:24 +0000 /?p=1087 The Chinese government is moving to extend the bitcoin exchange ban to over-the-counter (OTC) trading and potentially even mining. Bitcoin Exchange Ban to Extend to OTC Trading According to a Wall Street Journal report, Beijing officials told several bitcoin industry executives that peer-to-peer trading would not be tolerated during a closed-door meeting held last Friday. This contradicts […]

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Bitcoin ‘Double Taxation’ Relief Bill Introduced in Australia /bitcoin-double-taxation-relief-bill-introduced-australia/ /bitcoin-double-taxation-relief-bill-introduced-australia/#respond Tue, 19 Sep 2017 03:02:37 +0000 /?p=1081 Australia’s government has introduced a bill that delivers on a long-standing promise to solve a “double taxation” problem for cryptocurrencies. As it stands today, Australians are potentially liable for goods-and-services tax (GST) when they either purchase or spend a cryptocurrency. This state of affairs has been the target of criticism from the country’s local bitcoin […]

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‘End of Life Cycle’: BIS Report Positions DLT as Needed Banking Update /end-life-cycle-bis-report-positions-dlt-needed-banking-update/ /end-life-cycle-bis-report-positions-dlt-needed-banking-update/#respond Tue, 19 Sep 2017 02:56:38 +0000 /?p=1078 The Bank of International Settlements (BIS) has published a report arguing that distributed ledger technology (DLT) could help central banks replace their ageing payment systems. BIS, which is effectively a bank for central banks, commissioned the report to look at both DLT and cryptocurrencies with the aim of clarifying their applicability in a central banking context. While central […]

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Bitcoin in the Browser: Google, Apple and More Adopting Crypto-Compatible API /bitcoin-browser-google-apple-adopting-crypto-compatible-api/ /bitcoin-browser-google-apple-adopting-crypto-compatible-api/#respond Sun, 17 Sep 2017 13:06:33 +0000 /?p=1062 Developers at some of the top tech companies have created a browser API that could soon make it easier to buy goods and services online with cryptocurrency. The work, started by the World Wide Web Consortium (W3C) with the help of Microsoft, Google, Facebook, Apple and Mozilla, is a tangible step forward for a currency-agnostic web […]

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Breaking: “All” Chinese Bitcoin Exchanges Must Close By September 30 /breaking-chinese-bitcoin-exchanges-must-close-september-30/ /breaking-chinese-bitcoin-exchanges-must-close-september-30/#respond Fri, 15 Sep 2017 10:45:09 +0000 /?p=1050 “All” Chinese virtual currency exchanges must stop trading to remain compliant, regulators have announced. Information slowly appearing from China appears to confirm that trading will no longer be legal for Bitcoin-to-fiat platforms. Beijing market regulator requires all virtual currency exchanges (ie. OKcoin and Huobi) to stop trading by end of today. — Luna Lin (@LunaLinCN) September 15, […]

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$90 Million Budget: Japan’s GMO Reveals More Cryptocurrency Mining Details /90-million-budget-japans-gmo-reveals-cryptocurrency-mining-details/ /90-million-budget-japans-gmo-reveals-cryptocurrency-mining-details/#respond Fri, 15 Sep 2017 10:35:15 +0000 /?p=1047 Japanese digital services firm GMO has divulged additional plans for its forthcoming cryptocurrency mine and the $90 million budget backing it. According to TechWave, on Wednesday the company held a presentation on the plan following its announcement last week. GMO, which was founded in the 1990s and already operates its own cryptocurrency exchange, said it would begin mining […]

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BTCC to Cease China Trading as Media Warns Closures Could Continue /btcc-cease-china-trading-media-warns-closures-continue/ /btcc-cease-china-trading-media-warns-closures-continue/#respond Thu, 14 Sep 2017 13:50:14 +0000 /?p=997 Shanghai-based bitcoin exchange BTCC has announced it will be closing down its China-facing trading operations effective September 30. In statements on Twitter and on China-language social media, the oldest cryptocurrency exchange platform in the world’s largest market said it would immediately stop onboarding new users, but that its mining pools and international exchange would continue to operate normally. […]

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Markets Update: Bitcoin Breaks Below $4,000 During 12% Sell-Off /markets-update-bitcoin-breaks-4000-12-sell-off/ /markets-update-bitcoin-breaks-4000-12-sell-off/#respond Wed, 13 Sep 2017 15:10:03 +0000 /?p=946 Bitcoin has broken below $4,000 USD following a sudden 12% sell-off. The dump occurred following the establishment of a third point of contact on a descending trendline from the all-time high of approximately $5,000 USD, amidst speculation that China’s government may move to suspend the operation of some Chinese bitcoin exchanges. The Dip Appears to […]

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Rumors Swirl China to Issue its Own Digital Currency and Ban Bitcoin Exchanges /rumors-swirl-china-issue-digital-currency-ban-bitcoin-exchanges/ /rumors-swirl-china-issue-digital-currency-ban-bitcoin-exchanges/#respond Wed, 13 Sep 2017 14:42:28 +0000 /?p=937 A haze of fog has descended as clarity awaits on China’s move following reports the country is to ban crypto exchanges with twitter activity picking up tonight, ten years on from the begining of the banking crisis. Jihan Wu, who runs the biggest mining operation in the world, made a series of public statements on twitter, […]

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Bitcoin’s Biggest Bull? Arthur Hayes Isn’t Long Crypto – He’s Short Government /bitcoins-biggest-bull-arthur-hayes-isnt-long-crypto-hes-short-government/ /bitcoins-biggest-bull-arthur-hayes-isnt-long-crypto-hes-short-government/#respond Wed, 13 Sep 2017 14:37:19 +0000 /?p=934 In the coming war between digital currencies, which side will your money be on? If that question sounds crazy, meet Arthur Hayes, a former CitiGroup trader who runs BitMEX, a Hong Kong-based crypto exchange that allows eye-bulging leverage – up to 100 times – when buying and selling cryptocurrency derivatives. Not just another Wall Street veteran, […]

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The Future of Blockchain Tech and Cryptocurrencies Discussed at Eastern Economic Forum /future-blockchain-tech-cryptocurrencies-discussed-eastern-economic-forum/ /future-blockchain-tech-cryptocurrencies-discussed-eastern-economic-forum/#respond Tue, 12 Sep 2017 13:28:38 +0000 /?p=911 Blockchain technology attracts the attention of the world’s economic leaders. The Eastern Economic Forum, 2017, last week dedicated a full session to Blockchain and new technologies in the financial sector of the Asia-Pacific region. Coinidol.com gives a short review of the Blockchain section of Eastern Economic Forum that took place in Vladivostok, Russia. At the Eastern Economic Forum, […]

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China Plans to Shut Down Bitcoin Exchanges, Allow OTC Trading: Reports /china-plans-shut-bitcoin-exchanges-allow-otc-trading-reports/ /china-plans-shut-bitcoin-exchanges-allow-otc-trading-reports/#respond Tue, 12 Sep 2017 13:11:30 +0000 /?p=907 Multiple Monday reports have added to speculation that Chinese authorities are planning to ban bitcoin trading on domestic exchanges, with no plans to stop non-commercial, over-the-counter transactions. After Friday’s swirling rumors about Chinese regulators reportedly drawing plans to shut down domestic bitcoin exchanges, the Wall Street Journal is now reporting that China’s central bank is looking to ban Chinese […]

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Total Cryptocurrency Transaction Value May Surpass $1 Trillion /total-cryptocurrency-transaction-value-may-surpass-1-trillion/ /total-cryptocurrency-transaction-value-may-surpass-1-trillion/#respond Sat, 09 Sep 2017 04:21:59 +0000 /?p=866 The overall cryptocurrency transaction volume has grown a fair bit in the past few years. Bitcoin, Ethereum, Litecoin, and a few other currencies are all maturing in front of our eyes. As a result, we have a market cap hovering around the US$160 billion mark. A new study by Juniper Research predicts we will see over […]

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China is reportedly closing cryptocurrency exchanges, so bitcoin and ether are crashing /china-reportedly-closing-cryptocurrency-exchanges-bitcoin-ether-crashing/ /china-reportedly-closing-cryptocurrency-exchanges-bitcoin-ether-crashing/#respond Sat, 09 Sep 2017 03:59:54 +0000 /?p=860 China’s authorities are planning to shut down the country’s cryptocurrency exchanges, a sweeping move that will effectively close the market for trading of all digital currencies, including bitcoin and ether, in addition to the digital tokens issued by the red-hot “initial coin offerings” (ICOs) that investors have flocked to recently. That’s according to a report (in […]

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Tomshwom’s Advanced Crypto Security Guide (Part 3) – Creating a Secure Wallet /tomshwoms-advanced-crypto-security-guide-part-3-creating-secure-wallet/ /tomshwoms-advanced-crypto-security-guide-part-3-creating-secure-wallet/#respond Fri, 08 Sep 2017 14:34:05 +0000 /?p=845 Purpose We’re finally going to create a customizable wallet solution that is cheap, secure, and not too complicated. While simply following the steps in this guide will give you a wallet that is resistant to malware and other online threats, it does not guarantee total security of your funds. To be truly secure, you must […]

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Tomshwom’s Advanced Crypto Security Guide (Part 2) – Wallet Analysis /tomshwoms-advanced-crypto-security-guide-part-2-wallet-analysis/ /tomshwoms-advanced-crypto-security-guide-part-2-wallet-analysis/#respond Fri, 08 Sep 2017 14:25:24 +0000 /?p=842 Purpose In this part of the guide, we’re going to look at the existing security measures present in cryptocurrency wallet solutions. We’ll look at some specific products as examples, but this is intended to be a generalized overview of the types of wallets rather than specific implementations that may break the mould. If you missed […]

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Tomshwom’s Advanced Crypto Security Guide (Part 1) – Privacy, Security, and Trust /tomshwoms-advanced-crypto-security-guide-part-1-privacy-security-trust/ /tomshwoms-advanced-crypto-security-guide-part-1-privacy-security-trust/#respond Fri, 08 Sep 2017 07:33:00 +0000 /?p=812 Preface I’ve been working on this guide intermittently for the past couple weeks, and I’ve decided to break it into parts for easier consumption. The guide is meant to be a more holistic view of security that goes beyond the “just get a hardware wallet” advice everyone is so content with. Instead, I want to […]

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$257 Million: Filecoin Breaks All-Time Record for ICO Funding /257-million-filecoin-breaks-time-record-ico-funding/ /257-million-filecoin-breaks-time-record-ico-funding/#respond Fri, 08 Sep 2017 04:02:43 +0000 /?p=809 Blockchain data storage network Filecoin has officially completed its initial coin offering (ICO), raising more than $257 million over a month of activity. Filecoin’s ICO, which began on August 10, quickly garnered millions in investment via CoinList, a joint project between Filecoin developer Protocol Labs and startup investment platform AngelList. That launch day was notable both for […]

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Ethereum Based Tokens Near $10 Billion in Combined Market Cap /ethereum-based-tokens-near-10-billion-combined-market-cap/ /ethereum-based-tokens-near-10-billion-combined-market-cap/#respond Wed, 06 Sep 2017 09:20:18 +0000 /?p=773 All of the ethereum based tokens are currently valued at a combined market cap of $9,159,501,065 according to data and analysis we have compiled. That gives them fourth position among all digital currencies. Above Ripple and closely vying for third position with Bitcoin Cash, which currently stands just above $10 billion. While their combined trading […]

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Digital Currency Exchange Unicorn Coinbase Reaches 10 Million Customers /digital-currency-exchange-unicorn-coinbase-reaches-10-million-customers/ /digital-currency-exchange-unicorn-coinbase-reaches-10-million-customers/#respond Wed, 06 Sep 2017 02:32:58 +0000 /?p=764 A month after becoming the first crypto “unicorn,” U.S. Bitcoin exchange Coinbase has reached 10 million registered users. The San Francisco startup has seen tremendous growth in 2017, adding thousands of users per day and handling increasing levels of trading volume. Last month, CEO Brian Armstrong announced that the company had raised $100 million during […]

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Analysis: Bitcoin Price Corrects on China News, But Uptrend Still Intact /analysis-bitcoin-price-corrects-china-news-uptrend-still-intact/ /analysis-bitcoin-price-corrects-china-news-uptrend-still-intact/#respond Wed, 06 Sep 2017 02:22:56 +0000 /?p=760 The cryptocurrency market is a sea of red today, a development skeptics will no doubt quickly use to make the case against bitcoin as a 21st century gold. In times of economic or political stress, investors prefer to hold safe haven assets, and while many experts believe bitcoin is the new safe haven, today’s dismal […]

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Massacre Monday: Ethereum, Bitcoin Prices Lead Market Retreat after China Bans ICOs /massacre-monday-ethereum-bitcoin-prices-lead-market-retreat-china-bans-icos/ /massacre-monday-ethereum-bitcoin-prices-lead-market-retreat-china-bans-icos/#respond Mon, 04 Sep 2017 15:45:07 +0000 /?p=717 The cryptocurrency markets plummeted on Monday following a report that the Chinese central bank had issued a blanket ban on initial coin offerings (ICOs). The bitcoin price fell 5%, while the ethereum price took an 11% dive. The altcoin markets fared equally as bad, with 91 of the top 100 cryptocurrencies declining for the day. This widespread […]

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Why Bitcoin is Different than other Cryptocurrencies /bitcoin-different-cryptocurrencies/ /bitcoin-different-cryptocurrencies/#respond Mon, 04 Sep 2017 04:30:33 +0000 /?p=695 In my last article, I discussed how the market cap of many altcoins is deceiving as recently, there’s been a large run-up in the prices of a lot of altcoins. In this article, I seek to show how and why Bitcoin is different than all the other altcoins that exist. How People Progress in Bitcoin […]

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Top 5 Upcoming ICOs to Invest In /top-5-upcoming-icos-invest/ /top-5-upcoming-icos-invest/#respond Wed, 30 Aug 2017 17:17:01 +0000 /?p=622 With the crypto-economy fluctuating every second, startups have found a clever way across the funding barrier they all face: Initial Coin Offering (ICO). Investors want to invest in the new, Startups want to bring in the new – ICOs bridge the gap between the two, even if it’s an unregulated manner. With only their idea […]

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Top 10 Altcoins to Invest in September /top-10-altcoins-invest-september/ /top-10-altcoins-invest-september/#respond Tue, 29 Aug 2017 16:10:51 +0000 /?p=593 After the tremendous response to our post Top 8 Altcoins to invest in August, we received a lot of requests from our visitors for a September edition. To this, we gladly obliged and have come up with Top 10 altcoin picks for this month. Last month, 12 out of the 15 coins we suggested saw […]

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Estonia could offer ‘estcoins’ to e-residents /estonia-offer-estcoins-e-residents/ /estonia-offer-estcoins-e-residents/#respond Tue, 22 Aug 2017 15:23:35 +0000 /?p=434 What would happen if a country, such as Estonia, issued its own crypto tokens? This radical question is at the heart of an ambitious new proposal that, if implemented, has the potential to benefit both the country and its fast growing community of e-residents. ‘Estcoins’ could be managed by the Republic of Estonia, but accessed […]

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