Analysts and Bullion Dealers Notice a Relationship Between Gold and Bitcoin

As cryptocurrencies have grown popular over the past year, researchers have noticed an inverse relationship between gold and bitcoin markets. Over the past two weeks, as cryptocurrency markets have slumped, financial analysts are reporting even more data about the correlation between both assets. Also Read: Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip Researchers … Read more

PR: GymCoin Announces First Fitness ICO That Allows Digital Currency to Be Accepted at Gyms Worldwide

GymCoin has positioned itself to change the landscape of the fitness industry by offering a global platform that will allow users to pay gyms, dance studios, personal trainers, supplement stores, and health apps using digital currency. This one of kind Pre-ICO Sale offers investors the chance to get in before the GymCoin token hits the … Read more

South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks

The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. Also read: Cryptocurrency Activities Will Be Legal and … Read more

Stripe is Withdrawing Support for Bitcoin Payments

Payment processor Stripe is halting bitcoin support. Declaring that “there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” the online payments specialist is calling it a day on cryptocurrency for the time being. Over the past month, a handful of other companies have also rolled back bitcoin support, … Read more

Japan’s GMO Internet Develops 12 NM Mining Chips

Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards realizing a […] 7 NM process … Read more

Benebit ICO Does a Runner with $2.7 Million of Investor Funds

Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. Once the … Read more

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