Crypto Exchange Bittrex Invests in Malta-based Blockchain Company
Bittrex, one of the leading cryptocurrency exchanges in the world, has just bought a 10 per cent stake in Palladium, a Malta-based blockchain company. Bittrex, whose technology is designed to build and power crypto trading platforms to provide reliability and security, is based in the US and is a leader in the global blockchain revolution. […]
Bitcoin to Hit $20k in 2018
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market […]
Colombian President Promises to Cut Rent Taxes for Crypto Firms
Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29. Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed that […]
Neo Price Bleeds 40%
NEO’s dismal performance in August has likely strengthened the already strong bear grip on its market. Down 39.6 percent month-on-month in August, it is the biggest loser among the top 25 cryptocurrencies by market capitalization. Throughout the month, the world’s 14th largest cryptocurrency has moved in tandem with the broader market, which took a beating […]
Taiwan Hospital Launches Blockchain Platform
The Taipei Medical University Hospital has rolled out a blockchain-powered platform to improve medical record-keeping, Taipei Times reported August 31. The so called “Healthcare Blockchain Platform” was reportedly developed in order to support the government’s Hierarchical Medical System policy, improve patient referral services, and integrate individual healthcare networks to enable people to access their medical records in an […]
Taiwanese Congressman Trying to Turn Taiwan into a Technological Powerhouse
Jason Hsu, the man dubbed the ‘Crypto Congressman’ by Ethereum founder Vitalik Buterin, is on a mission to turn Taiwan into a technological powerhouse, specifically in the fields of virtual currency and blockchain. Since becoming an official Member of Parliament in 2016, Hsu has worked to foster initiatives concerning autonomous vehicles, cybersecurity, and the digital […]
Ripple Small Win Against Investors Claiming XRP Is a Security
Ripple’s efforts to consolidate multiple lawsuits filed against it are proceeding successfully. Ripple, which has been sued by a number of parties claiming the XRP token it uses to power some of its products is a security, has been pushing to have the various class action lawsuits against it combined, or at least coordinated, to […]
Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm
Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction. Earlier this month, by the […]
NetCents Crypto Credit Card to Help Increase Mainstream Adoption
NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies. NetCents Technology, a Canada-based payments processing company, has unveiled its […]
Brazilian Crypto Investment Platform Atlas Hacked
Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail […]
Mark Zuckerberg’s Sister Signs on to Serve on Cryptocurrency Exchange Huobi
Cryptocurrency exchange Huobi sent a “friend request” to a member of the Zuckerberg clan, and that friend request has been accepted. This is after Randi Zuckerberg, the elder sister to the founder of Facebook, Mark Zuckerberg, was unveiled as a member of Huobi Chain Expert Advisory Committee. The serial entrepreneur and author is currently the […]
Chinese Government Continues Cryptocurrency Suppression
China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets amongst the country’s people. According to the South China Morning Post, more than 120 foreign cryptocurrency exchanges have been blocked recently by the Chinese government. […]
Bitcoin in December: $30,000
Yesterday, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe […]
The Number Of Crypto Users In Ireland Has Grown 300% Over 4 Years
The Irish people seem to have developed quite a taste for cryptocurrencies. According to a report released by Red Flag and Amarach Research, roughly 120,000 Irish citizens are already crypto owners. That’s a far cry from the measly figure of 4 years ago when very few people even had an idea what cryptocurrencies stand for. […]
Crypto Startups Are Destroying Millions of Coins
It might not make sense in conventional business, but don’t tell that to crypto entrepreneurs. Indeed, for some projects, economist Joseph Schumpeter’s notion of “creative destruction” is taking on a literal meaning in that they’re actively destroying their own money supply – and generating value for investors in the process. It’s turning out to be […]
GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple […]
Japan’s Financial Regulator Wants Crypto Industry to ‘Grow Under Appropriate Regulation’
The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) said that the agency wants the cryptocurrency industry to “grow under appropriate regulation,” in an interview with Reuters August 22. Toshihide Endo, commissioner of Japan’s FSA, told Reuters he sees the agency’s goal for developing the crypto industry as finding a “balance” between consumer […]
Crypto Mining for Mobile Phones
The recent times have seen the cryptocurrency space expand by leaps and bounds and the most recent watershed moment that the industry has seen is the introduction of mining cryptocurrency using mobile phones. Leaving the era of using hefty supercomputers to mine them behind, we are now entering into a phase where modern users can […]
