OmiseGo is Vitalik Buterin’s favourite token model Vitalik recently posted on his twitter account three main reasons why OmiseGo, right now, is his favourite token model. OmiseGo is not a medium-of-exchange token; it has a clear valuation model (expected discounted future transaction fees minus node operation cost); and it requires running node to get returns, not passive income (so more legally defensible). After this twitter post the prices went up by almost 100%. Disclosure: This is a Sponsored Article Latest news from the OmiseGo team speaks about development progress on one of the basic OmiseGo tools. OmiseGo SDK, a codePowered by WPeMatico
The SEC will continue to crack down on potentially fraudulent initial coin offerings for the foreseeable future. Most recently, it temporarily suspended all trading of UBI Blockchain Internet LTD securities. Known as UBIA, the Hong Kong-based venture has gotten in the crosshairs of the SEC in recent weeks. There are quite a few questions regarding this project which will need to be clarified. Whether or not the answers will be satisfactory seems highly doubtful right now. UBIA Securities Trading Suspended by the SEC In a way, it is good to see that the SEC is continuing its mission to crack down on
A new innovation is emerging in the blockchain space, and its goal is to bring tangible assets to the digital currency space. Right now, the valuation of digital currencies is spurious at best and dangerous at worst. Everything is speculation and as such, the prices are extremely volatile, with little sign of this changing any time soon. Disclosure: This is a Sponsored Article For many of the doubters of Bitcoin, their prime criticism is the lack of real-world value to the coins. Everything is based on supply and demand, with little else to justify the massive price increases besides an
Cryptocurrency enthusiasts will all agree that the year 2017 was rather spectacular. Not only did we see all prices increase in a significant manner, we also saw exchanges struggle to keep up with demand. And just last week, Binance was forced to halt user registrations due to overwhelming success. The company has released some interesting details as to why this decision was made. It certainly makes a lot of sense for the site to upgrade its infrastructure well in advance. Binance’s User Growth is Mind-Blowing During the last six months of 2017, we saw a lot of exchanges suffer from an influx of new user registrations.
Most cryptocurrency enthusiasts were surprised to see Stellar in the cryptocurrency top 10 ranked by market cap at the end of 2017. A lot of people ignore currencies which won’t net them quick profits or don’t serve their specific cause. Even so, the Stellar price has successfully surpassed $0.50 last year. Fast forward to today, and the Stellar price surpassed $0.65 again. An interesting bounce back after a very difficult week. Stellar Price Seems to Follow XRP’s Momentum If there are two digital assets unlike any cryptocurrency existence today, it has to be XRP and XLM. The latter is also
In a rather surprising turn of events, it seems the XRP price is slowly starting to mount a comeback all of a sudden. More specifically, the XRP price has taken a major beating in the past two weeks, but the momentum is slowly turning in favor of Ripple’s asset once again. With a value of over $2, things certainly look pretty solid right now. Given all of the market volatility taking place, it is still too early to speak of a major comeback, though. XRP Price Momentum may Turn Bullish Again No one can deny all cryptocurrencies are going through
AppCoins (APPC) has held its ICO and is up nearly 300% since being added to Binance last Friday. But that’s not what interests me the most about this small market cap asset. Beyond the Big Boys If using bitcoin is one way of saying “f*** you” to the banks who until now have largely controlled our money, AppCoins is equivalent to saying “hell no” to Apple and Google, whose respective app stores sadly dominate the mobile landscape. AppCoins was created by Aptoide, an existing player in the mobile app industry. Its alternative marketplace runs on the Android OS and boasts
People may have been using cryptocurrencies to evade taxes all over the world. Whether or not anyone will ever uncover evidence of people doing so remains subject to speculation. In Australia, the Australian Taxation Office wants to find out how people are using cryptocurrencies. A new task force has been created to investigate any reports of potential tax evasion using Bitcoin and similar currencies. In a way, this move is positive for the future of cryptocurrency. ATO Wants to Address Cryptocurrency-related Tax Evasion We may never know whether or not anyone has ever used Bitcoin or other cryptocurrencies to launder
The ability to analyze and link Bitcoin transactions is something many governments and regulators hope to do more of moving forward. A lot of officials still think Bitcoin is anonymous, even though that is far from the case. BitFury Group recently demonstrated their latest analysis tool by de-anonymizing several million Bitcoin transactions. It’s an interesting turn of events, even though Bitcoin was never designed to be used in an anonymous capacity whatsoever. Another Notch in BitFury Group’s Belt Not too long ago, we touched upon the fact that BitFury Group has been making progress in the area of analyzing Bitcoin transactions. Given the company’s position in the
Companies all over the world are suddenly looking to get involved with blockchain and cryptocurrency. This is an unexpected yet rather worrisome trend to contend with. When giants such as Kodak are suddenly planning to organize an ICO for their own cryptocurrency and set up a mining operation, you know the bubble is very real. Whether any of these ventures will be even remotely successful in the long run remains to be determined. The company’s goals are very ambitious, to say the very least. What is Kodak up to These Days? It seems a lifetime ago that people last heard anything significant