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For naive investors who invested in BitConnect (BCC), today marks an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day’s high, dropping from over US$330 to a low of just under $20. While most of the community warned about the blatant scam presented … Read more
For some investors, these past 24 hours have represented a state of panic, as cryptocurrency markets are experiencing a major drawback after an explosive December and first half of January. With Bitcoin down over 20%, only one coin on the top 100 outside of Tether (USDT) has maintained its dollar value in the wake of … Read more
The number of cryptocurrency app users in South Korea has increased 14 times in the last 11 weeks to approximately two million users, according to a recent analysis. Users spend an average of 26 minutes using them daily and the majority of users are in their 30s. Also read: South Korea Urges 23 Countries, EU, and … Read more
Venezuela’s cryptocurrency project will still go ahead as planned, by the look of things. Last week, the nation’s Senate forbade the issuance of the Petro cryptocurrency, but it seems President Nicolás Maduro has no intention of backing down. More specifically, he has urged some of the neighboring countries to embrace this new cryptocurrency in the very … Read more
Everyone can agree the Bitcoin world has introduced us to some interesting characters. Some of them turned out to be clear scammers, whereas others have become almost revered. It was only a matter of time until someone like CoinDaddy came around. For those who are unaware, CoinDaddy is an actual rapper with a very strong focus on … Read more
When you approach a vending machine and insert a coin, you expect to receive a can of soda or tasty snack in return. The same thing happens when you use blockchain technology to exchange cryptocurrency for any service or vice versa. It’s called, a “smart contract,” and it’s expected that this process is automatic; nothing … Read more
It’s probable that 2018 will be a watershed year for blockchain and cryptocurrencies. 2017 saw the breakout of this new technology from the small community of programmers and “geeks” into a much wider audience of people, looking for financial opportunities and willing to support various disruptive Blockchain concepts. 2018 will likely see the acceptance by … Read more
With all cryptocurrency markets in turmoil right now, it is difficult to discuss any positive developments. In fact, the most positive news comes in the form of how the NEO price didn’t drop by double digits overnight. It is the only currency to “only” lost 6% in value recently, which makes it the best-performing asset … Read more
New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on … Read more
Most cryptocurrency enthusiasts may have noticed how all markets are in the red right now. We are not talking about small losses here either, as all currencies have lost double-digit percentages in value over the past 24 hours. One of the bigger “losers” in this regard is XRP, as the XRP price has lost a … Read more