The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial […]
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The Tether company has quickly made an impact in the world of cryptocurrencies. Although there are some concerns about the company and its liquidity, it is moving ahead in an effort to expand its presence. Its latest venture involves using both USDT and EURT on top of the Ethereum blockchain. It is a pretty interesting development, considering that both of these currencies are compatible with the ERC20 token standard. Ethereum-based EURT and USDT Have Arrived It is always interesting to see how companies deal with the concept of fiat-backed stablecoins. Although Tether has built up a rather solid reputation in this regard, there are still people who
Recently, the US Attorney General, Jeff Beauregard Sessions, rescinded Obama-era memos which allowed states that had legalized marijuana (either recreationally, medically, or both) to grow and operate their businesses without too much fear of federal government intervention. While we could talk for hours about this questionable decision from a man who has championed himself as a states’ rights advocate in the past, I wanted to focus on what it may mean for markets and for a cryptocurrency dedicated to the cannabis industry, PotCoin. Sessions’ decision may have implications for PotCoin PotCoin is an altcoin that was created to facilitate transactions
It has been a pretty interesting weekend for most cryptocurrencies. Although Bitcoin is still struggling as we speak, other currencies are recording new highs. The Monero price, for example, reached a new all-time high in US Dollar value of $475. A very interesting development, especially when considering how this currency doesn’t necessarily have the appeal of other currencies which surge in value these days. Monero Price Surpasses $475 It doesn’t happen all that often the Monero price gets people excited these days. Unlike most currencies which are in the top 20 ranked by market cap, Monero doesn’t get major pump-and-dump
In bull markets like cryptocurrency, savvy entrepreneurs and deceitful con men have adopted an array of creative approaches to create value for their projects. One such method that has recently been shown as very successful is the act of rebranding. If you weren’t involved in cryptocurrency at least two years ago, you’ll likely have no idea what DogecoinDark (DOGED) is. However, most everyone has at least heard of its current nomenclature, Verge (XVG). Verge is simply the rebranded version of DogecoinDark – same coin, same protocol, new name, new logo. In fact, despite what you may have heard, the reality
With the overall cryptocurrency market cap growing by leaps and bounds, it is only normal specific currencies are noting solid gains. Although things have been relatively quiet on the Bitcoin Cash price for some time now, things are heading in the right direction again. More specifically, the Bitcoin Cash price has surpassed $3,000 again for the first time in nearly two weeks. A positive trend, although there’s still plenty of volatility to contend with. Bitcoin Cash Price Surpasses $3,000 Again Although the opinions on Bitcoin and Bitcoin Cash will always remain somewhat divided, it is good to have both currencies
Japanese female idols have teamed up to form the ‘Virtual Currency Girls’ group to promote the knowledge of cryptocurrencies through entertainment. Each of its 8 members represents a cryptocurrency: bitcoin cash, bitcoin, ether, neo, nem, ripple, mona, and cardano. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales ‘Virtual Currency Girls’ […]
A Brand New Market Cap Wow! Look at it go! I’m talking of course about that ever-expanding coin market-cap, touching $800 Billion as I write these words. Yes, that’s very close to a Trillion bucks. And it’s still growing. At the start of the year (just over 5 days ago) we sat around $670 Billion, when seemingly out-of-nowhere, we all started watching the Ethereum (ETH) in our digital-wallets expand with fiat value. A World of Smart Contracts First to $750, then to $1000. Ethereum (ETH) may not be finished yet as it skyrockets alongside this new market-cap. But Ethereum (ETH)
It seems the ongoing spat between Bitcoin and Bitcoin Cash supporters will not be going away anytime soon. Although we saw a fair amount of mudslinging in 2017, things will only get more heated moving forward. On Twitter, @Bitcoin has posted an interesting comparison of both currencies. It is evident there is a lot of truth to this infographic, although there are sure to be some points of debate. Bitcoin has a Fair few Issues While most people still think Bitcoin is the greatest cryptocurrency in the world, we can’t afford to ignore some of its problems, especially since those problems have been present for quite
Most cryptocurrency enthusiasts are well aware that BitConnect is a very problematic venture. Some people even call it an outright scam, although others still seem to be making money off it without any problems. The Texas Securities Commissioner recently sent the company an emergency cease and desist order. It’s a very big step toward shutting this dubious program down once and for all. Curtain Call for the BitConnect Scheme? Ever since the BitConnect program came to market, people have publicly voiced their concerns over this possible Ponzi scheme. It looks and feels almost identical to OneCoin, with the exception that people can actually trade