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Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading … Read more
Decentralized exchanges are gaining a lot of traction in the cryptocurrency world these days. Kyber Network is one of the platforms a lot of people are showing great interest in. With centralized exchanges being scrutinized and targeted by hackers, it is evident that decentralized solutions are the way forward. Kyber Network Goes Live Even though Kyber … Read more
In the global downtrend that has extended for a majority of 2018, ICON (ICX) is among the coins that have taken the biggest hit, seeing a loss in value of more than 80% from January highs to recent lows. In the past week, however, ICX has more than doubled, and in the past day alone, … Read more
There have been numerous discussions as to whether or not Amazon will ever accept cryptocurrencies such as Bitcoin and Litecoin. So far, the company is not even remotely inclined to do so. A recent survey by LendEDU shows that Amazon could easily become the go-to company for various financial services, including its own native currency and banking. … Read more
Most cryptocurrency enthusiasts are well aware that the SEC is cracking down on initial coin offerings. This is not entirely surprising, as the industry raises a lot of questions regarding the legitimacy of creating value out of thin air. The SEC’s website has recently been updated with a page dedicated to initial coin offerings, which is pretty interesting. … Read more
A lot of people are confident about the Bitcoin price as of right now. Despite the mounting volatility in the market, it has become evident there is some positive momentum looming overhead. Some experts even claim this is the moment at which the Bitcoin price trend will reserve. An optimistic view, as there is a … Read more
It has been a pretty interesting few days for all cryptocurrency markets. With most currencies noting small to medium gains, a trend reversal appears to be on our hands. As of right now, some coins are nothing some big gains as of right now, including Cardano. With the Cardano price shooting up by nearly 19% … Read more
Not too long ago, Bitmain unveiled its new Antminer X3 ASIC miner. This particular device will let users mine CryptoNight-capable currencies at a higher than normal pace. One currency notably absent from the list of coins to be mined is Monero, as its developers introduced an emergency hard fork to address this problem well in advance. All … Read more
A lot of people are concerned that the G20 will crack down on cryptocurrency and potentially even ban Bitcoin and altcoins. So far, it seems those concerns are unnecessary, as the group has no immediate plans to intervene in this industry. In fact, the group has rejected the call for regulation, which is an extremely bullish … Read more
The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation … Read more