Bank of England Chairman Mark Carney had been vocal about the ’dangers’ of cryptocurrency in the run-up to the G20 summit earlier this week, but on the eve of the meeting, he seemed to change his tune. Carney in the run-up to the G20 meeting Before the G20 meeting, it seemed that BoE governor Mark Carney was never short of a warning or two on the dangers of unregulated … [Read more...] about Has BoE Governor Mark Carney Changed His Tune Regarding Cryptocurrency?
Archives for March 2018
The social news aggregator, Reddit, is a great place to discuss crypto with other enthusiasts. Yesterday /r/cryptocurrency (Reddit's largest cryptocurrency board) announced changes to the rules that govern what a user may or may not post.First off, I should make it clear that this move isn’t reminiscent of the recent announcements made by social media giants Facebook, or by … [Read more...] about Reddit’s Biggest Cryptocurrency Forum Changes Its Rules to Better Facilitate Discussion and Promote Quality Content
Ever since Mt. Gox mishandled over $400 million of Bitcoins, the crypto-community has had trust issues with exchanges. Industry veterans constantly warn users not to keep their funds on exchanges; people are quick to assume that an exchange has lost their money if it doesn't turn up in a certain amount of time; and, it has become such a common practice for exchanges to have … [Read more...] about We Are in Need of a Trustworthy Exchange
Day-traders who handle large quantities of cryptocurrency often find themselves searching for an exchange that has one particular feature: low latency. In trading terms, latency means how fast a person's trading bot can react to the current state of the market. Trading bots are specialized programs designed to buy and sell assets within a minuscule period (generally less than … [Read more...] about What Is Latency and Why Is It so Important?
In May, the European Union will be introducing GDPR (General Data Protection Regulation) in a bid to update data protection laws and bring them in line with the modern world. This issue has been in the spotlight recently following the recent scandal involving Facebook. Both developments could have repercussions that will be felt in the crypto space.Facebook has come under … [Read more...] about GDPR: What New EU Regulations Could Mean for the Crypto Space
The crypto-to-crypto exchange, Binance, may see criminal charges from Japan’s Financial Services Agency (FSA) if it does not stop all activity in the country. The Nikkei Asian Review paper has found that Binance may have to close its office in Japan if it does not take action.The FSA has stated that since Binance has been operating without a registered license, it will need … [Read more...] about Binance to Face Legal Action in Japan
There seems to have been an ICO for everything imaginable, and at least a few were totally off the wall. This is a review of some of the most bizarre ICOs. TombCare (CARE) When I first looked at this ICO, I was a little disturbed by the idea that death was going to be added to a blockchain. Death is not a subject that many of us discuss, and it seemed to be taking blockchain … [Read more...] about The 3 Most Ridiculous ICOs EVER!
You might have read recent news articles regarding the first US city to “ban” cryptocurrency mining. Does this mean the US is looking to scale back on cryptocurrency mining within its borders, and will mining continue to be concentrated in China? Did Plattsburgh, NY just ban cryptocurrency mining? Plattsburgh became very popular with cryptocurrency miners due to its … [Read more...] about Will Cryptocurrency Mining Continue to Expand in the US?
The plan of Venezuelan President, Nicholas Maduro, to issue an oil cryptocurrency (the Petro) was widely criticized by the opposition and the USA alike, but could an oil-backed cryptocurrency be a reality one day?Many believe that the future of finance lies in the world of cryptocurrency. However, even among this school of thought, there are varying opinions on how that … [Read more...] about Is There a Future for Oil Backed Cryptos?
Point and Figure (P&F) charts are a trading analysis tool that dates back to the 1900s. They are used as a means of viewing the actions of a market through a minimalist lens. For that reason, P&F charts are referred to as 'noise filtering' tools. Understanding these charts is a complicated process at first, mainly because they look so different from the standard charts … [Read more...] about Understanding Point and Figure Charts
The US Congress has released a joint report on the state of the economy with a chapter dedicated to cryptocurrency. What’s surprising is that the report is mainly positive when discussing the future of the technology.You don’t have to look far to read an article that paints a negative picture of the United States’ attitude towards cryptocurrency, (read anything said by Jay … [Read more...] about U.S. Congress: ‘Building a Secure Future One Blockchain at a Time’
Following the news that Google plans to impose a ban on all ICO and other crypto related advertisements, we ask what is next on the agenda and is this approach sensible or needlessly hardline. The Ban Google recently announced that they will ban all advertisements as part of their new restricted financial products policy. The ban will cover advertisements for initial coin … [Read more...] about Google’s ICO Ban: Is a Hardline Approach Necessary and What’s Next?
For the entire history of cryptocurrency, bitcoin has been the dominant coin almost entirely because it was the first fully functional cryptocurrency to go live and showcased the power of the blockchain. According to CoinMarketCap, Bitcoin has mostly had a 90% dominance over the market from 2013 to 2017. This means that for four years, 90% of the money within the cryptocurrency … [Read more...] about What Might Happen if Bitcoin Loses Its Dominance?
Already in 2018, cryptocurrency has faced three sharp dips: one on January 17th, one of February 16th, and one on March 13th. It is unlikely that we will ever know what exactly caused these dips, but we can speculate and examine a few possibilities. Here is a list of possible factors that contributed to March the 13th's dip in particular. Google banned ads about … [Read more...] about What Caused the Dip on March 13th? Some Theories
We’re not even a quarter of the way through the year, and 2018 has already been filled with massive developments in the crypto world. Amidst widespread calls for legislation, internet giants like Facebook and Google have begun prohibiting crypto-related advertisements. Now it seems that Twitter will impose similar changes to advertising policies.According to an unconfirmed … [Read more...] about Twitter to Follow Google and Facebook With Cryptocurrency Ad Ban
People within the world of cryptocurrency are getting increasingly frustrated with the fact that their exchanges are centralized. It is somewhat absurd that centralized exchanges like Binance, Kraken, and Coinbase are mainly being used to purchase decentralized coins. The act of centralization is not a bad thing in and of itself, but it does allow for the market to be exploited … [Read more...] about The Best Decentralized Exchanges You Can Use Right Now
When I initially checked out the whitepaper for DADI, I was impressed by the list of companies that were already using the platform. The list included:BT – privatized telecom giant in the UK Virgin Limited Edition – part of Sir Richard Branson’s Virgin Group Grazia – Women’s weekly magazine that goes back to 1938 Kerrang! – Rock music magazine first published in … [Read more...] about DADI ICO Could be Leaking Investors’ Data
Cypherium was created to counter some of the problems facing the original Bitcoin blockchain, primarily scalability. The intention is for it to use a hybrid consensus mechanism to speed up transaction processing with much lower fees than the earlier blockchains.At present, blockchain scalability is achieved with controversial forks to the original protocol. The hybrid … [Read more...] about What is Cypherium?
Finance Ministers and Central Bank Governors from the G20 group of nations met in Buenos Aries, Argentina, 19 -20 March 2018. G20 represents 85% of global economic output and 75% of international trade with their remit being to achieve global financial stability.The agenda, published in advance of the meeting, referred to crypto assets about financial stability, tax … [Read more...] about G20 Summit Rejects Calls to Regulate Cryptocurrencies
In a world where personal data has become a precious commodity sold behind closed doors by large corporations, the LOOMIA TILE gives individuals the right to own their personal data, along with the freedom to choose how to share or sell it. - loomia.com The Product LOOMIA is a Brooklyn-based startup that specializes in the manufacturing of smart fabrics. They use a … [Read more...] about What is LOOMIA?