Cryptocurrency users have no love lost for financial institutions. This is especially true when it comes to Deutsche Bank, which is considered by many to be “too big to fail”. It now seems the bank’s Wealth Management arm is advising users not to invest in any cryptocurrency, especially not in Bitcoin. There are a lot of issues associated with these markets, including the high volatility, price manipulation, and even data theft. It’s a very interesting development, even though it remains to be seen if people will pay any attention to this warning. Deutsche Bank Still Doesn’t Like Bitcoin For as longPowered by WPeMatico
There are nearly 2.2 billion active gamers in the world, 47 per cent of which spend money while playing games. That is nearly 1 billion people according the gaming intelligence firm Newzoo’s Global Games Market report. A lot of games involve players purchasing tokens or coins to advance in levels or to purchase special powers and such. Usually a player will pay for these in cash and then get locked into the game and not be able to either utilize the tokens across various games or gaming platforms or redeem these tokens for cash. According to an estimate, we spend nearly
Github commits are a great way of gauging how popular a particular cryptocurrency is. Although this is not a perfect metric by any means, it does show a lot of currencies have far more active developers than the rest. A new site, which goes by the name of CryptoMiso, tracks the GitHub activity of over 600 currencies as of right now. Some of the initial findings are rather surprising, although commit numbers can easily be manipulated. CryptoMiso is an Interesting Project There are many approaches people can take to gauge the popularity and value of a specific cryptocurrency. The current price, trading volume, and market
The financial sector has been in a particular focus over the course of last year, in part due to the exponential rise of ICOs which has challenged the venture capital industry in its ability to finance early-stage companies and projects. The rise of ICOs may have been on the front pages, but the hedge fund industry continued to experience its own evolution. The era of the point of click traders continued to diminish and there has been an unprecedented rise in the inflow of money into funds that cater to more systematic, computer-powered investment strategies. The latest data compiled by
We have another interesting Bitcoin-related development in South Korea. For once, this has nothing to do with regulation or anything along those lines. Instead, one criminal saw 191 bitcoins confiscated by law enforcement earlier this week. The individual in question had been running an illegal site. It is evident the confiscation of Bitcoin in South Korea will spark a lot of new debates moving forward. The guilty party feels there is no legal ground on which to do so, and he wants to get his money back. Bitcoins Confiscated in South Korea Running an illegal website linked to Bitcoin transactions is always
As the day progresses, we are witnessing some interesting trends in the world of cryptocurrency. With most markets in the deep red right now, it’s all the more surprising the Lisk price is in the green. More specifically, its value has increased by 13.25% in the past 24 hours. As a result, we now have a Lisk price of over $26, even though it initially peaked well above $33 earlier today. Lisk Price Gets a Massive Pump As is usually the case in the world of cryptocurrency, hype and speculation can result in some very odd price movements. In the
None of the cryptocurrency markets look exceptionally good right now. With losses ranging anywhere from 7% to 15% depending on which market you look at, things are not looking all that great whatsoever. The XRP price is a clear example of how tough things are in the market right now.More specifically, we have seen the XRP price decline by as much as 10.06% over the past 24 hours, pushing the value back down to $1.13. XRP Price is on the Decline Again Every cryptocurrency or digital asset is currently suffering from a massive amount of bearish pressure. This is not
In the world of cryptocurrencies, there are plenty of scams, pyramid schemes, and Ponzis to be aware of. Unsurprisingly, there are also honest pyramid schemes which make no bones about what they are doing exactly. The PoWHCoin project, for example, positions itself as the world’s first autonomous and self-sustaining pyramid scheme. It’s an interesting idea and one that is seemingly receiving a lot of funding as well. Using Ethereum for Another Pyramid Scheme The concept of Ethereum smart contracts is a very interesting one. This technology allows for automating various aspects of finance and running companies. It is unsurprising that someone wants
The different opinions on Bitcoin and Bitcoin Cash have been well-documented across various media channels. Most people remain confident Bitcoin is the main chain, but a lot of BCH fans think things are the other way around. A new draft paper from the U.S. National Institute of Standards and Technology claims that Bitcoin Cash is indeed the original chain, whereas the coin we now know as Bitcoin is considered to be a fork. It’s an interesting development, although one that isn’t entirely wrong. NIST Makes an Interesting Statement It is evident there are tons of people who feel Bitcoin Cash reflects Satoshi Nakamoto’s
Most Bitcoin users have high hopes for the Lightning Network. It is a new scaling solution which will – hopefully – enable instant Bitcoin transactions at very low cost. At the same time, there are some concerns over how certain companies and service providers will implement this technology. It seems Coinbase plans to offer Lightning-connected custodial accounts. This is not how things are supposed to work, especially not when it comes to a decentralized cryptocurrency. Coinbase and the Lightning Network It’s become evident rather quickly Coinbase may be a critical player in the future of the Lightning Network. The company has not