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Despite the growing popularity of cryptocurrency, scams remain one of the biggest problems the industry faces today. Indian police officials recently shut down a major cryptocurrency scam which may have defrauded users for nearly two full years. It is evident that such contraptions will need to be shut down sooner rather than later, as they … Read more
There are high expectations associated with blockchain technology. Not only do blockchains power all of today’s popular cryptocurrencies, but they will also make a splash in the financial sector. BBVA CEO Carlos Torres Vila is confident that distributed ledgers will make their mark within the next five years. The Financial Sector Needs Blockchain and Transparency … Read more
At press time, bitcoin is trading at the $7,700 mark. This is the highest it’s been in several days after suffering through several small, but noticeable drops that brought it down to $7,300 during Tuesday’s early morning hours. One of the biggest bitcoin pushes recently came from an unlikely source: the SEC. Chairman Jay Clayton … Read more
Boston-based crypto-focused financial services firm Circle plans to seek a federal banking license to diversify the services it offers to its users. According to a Bloomberg report yesterday, the firm also plans to pursue licensing as a brokerage and trading venue to facilitate the sale and purchase of digital assets which may be categorized as … Read more
There are a lot of members within the cryptocurrency industry who have tried to predict the price of digital assets like Bitcoin Core (BTC). Furthermore, there are also a ton of bigwig Wall Street types who also try to predict the price of cryptocurrencies — While some of their BTC forecasts predict the currency’s value … Read more
While the ICO craze has had a number of industry-shaping benefits, this new approach to funding has also been exploited by snake oil salesmen and outright scammers. As such, it’s worthwhile to look into the emerging projects in the cryptocurrency space that have elected not to adopt the ICO model. Earlier this quarter, we explored … Read more
Stefan Thomas, the developer who served as Ripple’s CTO until last month, has announced the launch of Coil, a startup that will develop a new model of smart contracts. Making the announcement on his Medium page yesterday, Thomas described the motivation behind founding Coil as the need to build a new business model for the … Read more
Binance has invested in Maltese eSports tokenization platform chiliZ, the startup announced on June 5. The platform allows sporting entities to tokenize and grant voting rights to their fans, essentially letting the fans actively participate in the decision-making processes of their favorite teams. Citing a common belief that the video gaming industry is one of … Read more
James “Jim” Chanos believes that Bitcoin is nothing more than a “security speculation game masquerading as a technological breakthrough in monetary policy.” The Yale-educated economist shared his thoughts on financial fraud and why it’s on the rise, cryptocurrencies, and other matters with the Institute for New Economic Thinking, a New York-based think tank. Chanos believes … Read more
Bitfinex announced that it has resumed its trading services after containing a distributed denial of service (DDoS) attack on Tuesday, June 5. The exchange first suffered issues with its trading engine which caused it to go offline briefly, and after fixing the issue, it was operational again. However, after less than an hour of activity, … Read more