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A troubling characteristic of ICOs is the explicit lack of accountability that token distributors have to maintain promises. As token holdings do not represent project ownership, deceitful entrepreneurs are emerging among legitimate projects as conmen and snake oil salesmen looking to earn quick riches. A frightening Reddit post on Sunday exposed GNation’s CEO and other … Read more
The crypto mining business has become a multi-billion dollar industry, and one company has had the lion’s share. Bitmain Technologies has dominated the mining hardware manufacturing industry, and according to a new report, the firm is now valued at over $14 billion. The report further revealed that the Beijing-based firm had made $1 billion in … Read more
Mike Novogratz is making a big bet on the role of cryptocurrencies in the near future. The billionaire investor has been one of the most fervent and bullish crypto believers despite the market’s unpredictability, especially in the last few months. And now, after patiently waiting for months, his crypto merchant bank, Galaxy Digital LP, is … Read more
The Securities and Exchange Commission has been grappling with the crypto industry as it strives to formulate rules for an industry that evolves faster than any other. While it’s yet to come up with a comprehensive set of rules, the commission is taking steps in that direction, and it’s appointed the first-ever senior adviser for … Read more
With a market cap of just under US$7 billion, EOS is the fifth-largest cryptocurrency by valuation. Despite its massive valuation, its recent mainnet launch has been riddled with failures and shortcomings. However, it may soon see a boost in legitimacy thanks to the capabilities set to be provided through the MyWish Smart Contract platform. In their … Read more
There is a lot of confusion as to what McDonald’s is really doing with its MacCoin. A fair few people seem to think the company is entering the world of cryptocurrency, even though this is clearly more of a voucher system. Every MacCoin can be redeemed for a Big Mac, which is pretty neat. MacCoin … Read more
Cryptocurrency exchanges need to continue to grow and add support for additional currencies. Bittrex made it clear that it would introduce USD trading for regular clients very soon. Although a few users can access this service already, it appears more users will be given access to this service in the very near future. Bittrex Expands USD … Read more
The current cryptocurrency situation in India doesn’t look promising. With the RBI officially banning all fiat currency-based transactions pertaining to Bitcoin and altcoins, a worrisome situation was created. Huobi is looking to enter this market through a new peer-to-peer trading venture. It’s a very interesting decision, and one that bypasses the trading ban altogether. Huobi … Read more
It remains to be seen how all cryptocurrency markets will evolve in the coming hours and days. It would almost seem as if the Bitcoin price is on the verge of making a small comeback. This is great news for all of the altcoins which suffer from ongoing losses. Follow XRP’s example, the Stellar price … Read more
Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions … Read more