It seems a very important piece of news has flown under the radar of cryptocurrency enthusiasts and experts. In a letter from February, FinCEN makes it clear they do not take kindly to ICOs or any platforms supporting this business model. In fact, they would prefer if all ICOs registered as money services businesses. It’s an interesting approach that could easily destroy the ICO industry as we know it today. FinCEN and ICOs Don’t Mix Well The main objective of FinCEN is to boost innovation in the financial sector. As such, they are keeping a rather open mind toward cryptocurrencies, even thoughPowered by WPeMatico
This week the Wall Street analyst and Fundstrat executive, Tom Lee, has revealed a new index that helps cryptocurrency investors know the right time to buy BTC. The indicator is called the ‘Bitcoin Misery Index’ that calculates multiple market factors. Also read: Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US? The ‘Bitcoin […]
2018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith Protocol Launch While Verge’s major development, the Wraith Protocol, was slated to launch at the tail end of 2017, several delays pushed the actual release of the development into early January of this year. While supporters and speculators were highly anxious to see the actualities of
BitIRA is a remarkable company for multiple reasons. They are the world’s only secure digital currency IRA solution. To improve their current products, the company recently introduced a few different insurance and security policies. As such, all BitIRA users can now enjoy a fully-insured product with funds kept in cold storage at all times. A big Step Forward for BitIRA It is evident any financial solution linked to digital currencies will need to be safe, secure, and accessible. In the case of BitIRA, the company has checked all three boxes for quite some time now, yet there’s always room for improvement.
Any cryptocurrency project claiming to offer daily returns on investment will most likely turn into a scam at some point. For investors in USI Tech, it seems their worst fears have come true. The company has struggled with withdrawals since early January, and it seems things are only getting worse. USI Tech has Major Problems Anyone who takes a quick glance at the USI Tech website will know this program does not necessarily have the most honest of intentions. While they try to appeal to cryptocurrency investors of all kinds, their claims are quite worrisome. If this campaign is to
It has been a while since we last saw any interesting developments involving the Mt. Gox exchange. New research shows an unknown London-based firm was involved in laundering the stolen 650,000 BTC from this now-defunct exchange. That is a pretty intriguing discovery, although it remains to be seen how the situation will evolve. The Mt. Gox Plot Continues to Thicken It is evident Mt. Gox will always remain an integral part of Bitcoin. Both in terms of history and the future, this now-defunct Japanese exchange has created many shockwaves felt throughout the ecosystem. Several years after it disappeared with customers’ money, BBC
Cryptocurrency mining is of great interest to a lot of individuals and companies as of right now. Some people will even go as far as to use work computers for this purpose. It seems two members of Australia’s Bureau of Meteorology are under investigation for mining cryptocurrencies with the bureau’s computing hardware. Bureau of Meteorology Staff in the hot Seat It is evident the concept of cryptocurrency mining can be rather lucrative under perfect circumstances. Access to powerful computers is one requirement, as is the need for cheap or free electricity. In the case of two staff members of the Bureau
With all cryptocurrency markets dipping hard today, it is very difficult to find a positive note. The Litecoin price may provide that positive aspect so many people are looking for as of right now. More specifically, the Litecoin price is still down by quite a lot, but it is also the one currency seemingly recovering the question as of right now. That in itself is quite a remarkable trend, especially given the current market conditions. Litecoin Price Remains Vigilant It is commendable to see how all cryptocurrencies attempt to recover as of right now, even though very few of them
These days are not all that fun for most cryptocurrency enthusiasts. With all markets still in the deep red, it is evident the coming weekend will bring either a lot of relief or tons of joy. The way the Bitcoin price looks right now, we may very well see a small bounce, although reaching $10,000 seems virtually impossible. Never say never in the world of cryptocurrency, though. Bitcoin Price Struggle is Very Real It has become rather evident there is a lot more bearish pressure on the cryptocurrency markets than most people had anticipated. Even though the year 2018 has
Over the course of the past few weeks, cryptocurrency prices have been dropping in value. However, online interest is another trend plunging as well within the digital currency realm as Google Trends searches for the word “bitcoin” have descended to levels not seen since October of 2017. Also read: Japan’s DMM Bitcoin Exchange Opens for Business […]