Ex-Goldman president and former Trump advisor, Gary Cohen, has stated that there will be a global cryptocurrency, but it will not be bitcoin. Cohen has raised concerns about the indisputable bitcoin mining problem, which results in a waste of resources as well as a centralization of power in the hands of the miners. He states: “It will be a more easily understood … [Read more...] about Ex-Goldman President – Yes, We Will Have a Global Cryptocurrency
The Japanese Financial Services Agency (FSA) has recently outlined a framework of five conditions under which cryptocurrency exchanges are to operate. The main reason for the issuance of these conditions is due to the recent Coincheck scandal. Coincheck was hacked this January and lost over $500 million worth of the NEM cryptocurrency. The exchange has since been bought by … [Read more...] about Japan Cracking Down on Cryptocurrency Exchanges
The price of Bitcoin Cash (BCH) has been rising in the past month, more than any other cryptocurrency. It is currently trading at $1,680, far above the lows it saw on April 6, 2017, of $603. In a month, it is up over 160%.The main reason that the coin has been shooting upwards is certainly to do with the hard fork due on May 15, 2017. Bitcoin Cash originally … [Read more...] about BCH Price Rise Amid Imminent Hard Fork
In the past week, the cryptocurrency community has been on tenterhooks concerning a decision relating to the Ethereum cryptocurrency. A meeting was to take place between the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC) regarding whether the cryptocurrency was a security or a commodity. This type of decision is … [Read more...] about SEC “Ruling” on Ethereum – A Myth Started by the Wall Street Journal
In response to the devastating problems seen in Venezuela, the government had to abandon standard socialist policies to deal with the crisis. February 2018 saw the introduction of the Petro, a cryptocurrency backed by oil. Each token is to be backed with a barrel of oil, and Petro is now the national cryptocurrency. Venezuela will have to completely rebuild its financial … [Read more...] about Venezuela Launching Crypto Bank for Students and Youths
As an asset class, cryptocurrencies have been viewed with skepticism by many investors. Seasoned investors are well aware that money quickly earned is money quickly lost. Young investors are interested in making money quickly, and have no strategy in place for money maintenance, which is possibly more important. While cryptocurrencies as an asset class have been avoided by … [Read more...] about Cryptocurrencies – The New Safe Haven?
One prolific cybercriminal going by the online pseudonym “Courvoisier” has been appended by British police. Between July and December 2015, the cybercriminal conducted a series of operations on over 100 companies. The main targets seemed to be gambling outlets, supermarkets, and cell phone companies. Phishing emails were sent to the customers of these shops, and the customers … [Read more...] about High-Level Cybercriminal Caught by British Police
Coinbase is possibly the world’s most well-known exchange. If you live in the US and it is your first time buying cryptocurrency, then it is one of the best recommendations. It is very intuitive and user friendly. Customers can purchase Bitcoin, Litecoin, Ethereum, and Bitcoin Cash on the platform. It also has an associated trading exchange called GDAX, where … [Read more...] about Coinbase – The “Goldman Sachs” of Cryptocurrency Gives in to Attorney General
A new research laboratory has been established to investigate how blockchain technology can be used to protect the data of citizens. The aim of the research is to protect data from online scammers. This is becoming more and more of an issue in the cryptocurrency ecosystem. The industry is rife with hacks, and all evidence indicates that the cost of cybersecurity is going to … [Read more...] about New Research Project to Connect Personal Identity to Blockchain Ledger
It is no secret that Japan is more or less the home of cryptocurrency. It is the most crypto friendly country on the planet, and possibly it is no coincidence that “Satoshi Nakamoto” is a Japanese name. While the greatest cryptocurrency scandal in the history of cryptocurrency itself took place in Tokyo with the Mount Gox collapse, the environment is still very hospitable to … [Read more...] about Further Japanese Dominance – FX Company to Launch UK Crypto Application
On May 7, 2018, the Securities and Exchange Commission, in conjunction with members of the Commodities and Futures Trading Commission, will decide whether or not Ethereum is a security or a commodity. Currently, cryptocurrencies are largely viewed as commodities. The difference between a security and a commodity has huge implications on how a particular asset will be viewed by … [Read more...] about SEC set to make Decision on Ethereum by May 7
The default argument is that Bitcoin Cash (BCH) is the product of rogue software developers who abandoned the principals that Bitcoin (BTC) was built upon. As such, the general consensus is that BCH is unethical and that nobody should use this type of cryptocurrency. However, this consensus warrants further investigation, especially in light of the recent jump in the price of … [Read more...] about The Bitcoin Civil War Explained
CyberVein (CV) has recently open sourced the code to their blockchain-based database project. CV is an organization based in China that has a new take on blockchain and data storage. The technological head of the project is Arthur Yu, formerly of JP Morgan.CV is an environment for the creation of databases that are decentralized and interconnected. The ability to monetize … [Read more...] about CyberVein Database Project now Open Source
The real estate sector is, was, and always will be, a considerable part of the economy. According to a report by PWC, the lines between traditional real estate and new entrants is becoming blurred, mainly due to technological innovations. The report further indicates that companies who are unable to change and evolve will be left behind. This is mainly because money is flowing … [Read more...] about What is Domineum?
The ICO sector has been the sole form of fundraising for new blockchain based projects. It has been both a gigantic success and a massive failure. Many say that with an increase in regulatory oversight, the days of the ICO are numbered.The success largely stems from the fact that it is an easy form of fundraising that bypasses the traditional channels. In 2017, ICO’s raised … [Read more...] about Is this What the Death of the ICO Looks Like?
Well, they did say that cryptocurrency was fast, not to mention cheap. For those who are still uncertain about the value that cryptocurrency can provide, a recent Litecoin transaction worth $99 million has been completed within 2.5 seconds for a fee of less than $0.40. Of course, this is orders of magnitude better than any transaction that could be completed with a standard … [Read more...] about Litecoin – $99 Million in Two Seconds and 40 Cents
BTC reached highs in late December of nearly $20,000 before being pummelled back down to $6000 by February. The move had many investors spooked and those who entered the market in this period could have been wiped out. However, for long-term BTC holders, these declines have been seen before and are somewhat unexpected.BTC is currently up 27% so far in April, and this is … [Read more...] about Bitcoin Rises Amid Financial Carnage