In Davos, Switzerland, an institution has been formed to oversee and establish the best practices regarding asset tokenization and and asset-backed tokens, formally known as the International Digiital Asset Exchange Council (IDAXC). Whether this means helping others to find a more standardized way of tokenizing assets or how to best comply with the law – IDAXC is now the place to look towards for guidance. Disclosure: This is a Sponsored Article The launch of the council was made at Blockchain Central, a hub centering around blockchain tech, organized by the Global Business Council. The launch means that everyday peoples havePowered by WPeMatico
It becomes increasingly difficult to look at cryptocurrency price charts without cringing. The current market sentiment is a lot more bearish than we have seen in recent years. All of this will only lead to more losses across all markets in the coming hours and days. The NEM price, for example, has gotten battered quite a bit over the past few days already. This momentum has only intensified over the past 24 hours, resulting in another NEM price decline of 35.2%. Sooner or later, the bleeding will stop, but it won’t be today. NEM Price is Going Under It is
The Bank of Russia said it will allow cryptocurrency mining in the country, given tax, control, and reporting considerations. However, the central bank also proposes for crypto miners to sell their coins overseas, which will still oblige them to pay taxes. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bank of Russia Allows […]
With all of the cryptocurrency markets in the red once again, there isn’t much to be excited about as of right now. In fact, it is difficult to find any market, which has lost less than 20% of its value in the past 24 hours. Especially when it comes to the XRP price, things are looking absolutely dreadful for now. More specifically, the XRP price has dropped by another 31.04%, pushing the value down to $0.74. It is evident this massive market correction may not even be over just yet. XRP Price Hits a Massive Snag It is safe to
Most cryptocurrency users know that BitFury is working on a blockchain analysis tool. Until now, we never heard much about this project, other than how it helped identify a few hundred Bitcoin users with relative ease. In a recent blog post, the company explained that its new service will be known as Crystal. It is a blockchain investigative tool for law enforcement and financial institutions alike. Tools like these will only force more users to look at privacy-oriented coins rather than public currencies. Crystal is a Game Changer for Bitcoin It is neither the first nor the last time someone will create
It seems Ethereum’s self-sustaining Ponzi scheme has already hit a major roadblock. Even though there was a lot of initial interest in this project, a few spin-offs have been created already. It seems the latest contract, known as ShadowFork, contains a major issue which prevents anyone from withdrawing funds. This also means the contract’s creator is unable to cash out any of the proceeds. It is still an honest Ponzi scheme, but few people are thrilled by this development. PoWHCoin Spin-off Causes Major Problems A lot of Ethereum enthusiasts will agree that using smart contracts for Ponzi schemes is not
Things are not looking all that great for the BitGrail service right now. As the company is being forced to verify users’ identities, they have a lot on their plate. Moreover, it seems they will only verify the identities of their European users. It is a bit unclear what this means for the company as a whole, though. Some users expect BitGrail to leave non-European customers in the cold, but that doesn’t appear to be the case just yet. What is Going on With BitGrail? Some cryptocurrency enthusiasts may be familiar with the BitGrail project. This cryptocurrency exchange has become
As both cryptocurrency and blockchain technology become more and more mainstream, several projects are pioneering the push to incorporate this revolutionary tech into economies, markets, and industries worldwide. As international conglomerates, financial institutions, and national governments begin to incorporate blockchains, it is likely that this fusion will only grow. One such cryptocurrency that has already seen adoption in a number of major industries is ICON (ICX), a South Korea-based project seeking to “hyperconnect the world”. As of today, ICON’s infrastructure is currently being used by a number of banks, hospitals, universities, insurance providers, and investment firms throughout South Korea. ICX is a new
It has been coming for a while now, but the Bitcoin price has dropped firmly below $10,000 again. Many people thought we were out of the woods last week, but the real price correction had yet to take place. As a result, we now look at a Bitcoin price of just $9,500, and it seems the bottom is not in sight yet. It would not be unlikely to see the Bitcoin prince find its first real support well below $8,500. The Expected Bitcoin Price dip has Arrived No one takes pleasure in seeing the Bitcoin price drop below $10,000 right
As we had expected a few weeks ago, the rebrand from Raiblocks to Nano has effectively taken place. While some people may not be too happy with the new names, it sounds a lot more professional.As a result, we also see the Nano price surge in value. Thanks to a solid 8.84% gain in USD value, the nano price now sits at just over $18. It is possible this value will drop again, though, as Bitcoin is crashing hard. Nano Price is on the Move Again Rebranding from Raiblocks to Nano is an interesting decision, although one that draws a