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Back in early 2015 a Reddit forum was created called r/millionairemakers which is a subreddit that tries to create a millionaire by getting one million Reddit users to donate $1 each and the forum subscribers give the money to a random person in hopes they can create a millionaire. Now the lottery-style forum is allowing … Read more
It has been looming overhead for some time now, but all cryptocurrency markets are going through a mild correction. Although there is nothing to be overly concerned about just yet, these short-term changes are direly needed to maintain a positive outlook throughout 2018. For the Stellar price, this recent decline is a lot steeper compared … Read more
Withcoin, a virtual currency reportedly designed for casinos, and listed on the Hitbtc exchange around May, is accused of selling coins using a promotional video propagating alleged lies and misleading information. In April 2018, a video promoting Withcoin went viral on the internet, inviting investors to purchase in advance a coin that was going to … Read more
In recent news pertaining to cryptocurrency exchanges, Chicago Mercantile Exchange (CME) has revealed that trading volume on its bitcoin futures markets nearly doubled during Q2; lawyer Jake Chervinsky has predicted that the United States Securities and Exchange Commission (SEC) may postpone its determinations regarding Vaneck’s proposed bitcoin exchange-traded fund (ETF) until March 2019; and Bitmex … Read more
Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected. Removing Illegal Bitcoin Mining Firms From China It is evident … Read more
Bitcoin.org, the first bitcoin website ever created, is at the center of a new dispute. Since being established by Satoshi Nakamoto and Martti Malmi, long before the world had ever heard of bitcoin, the site has changed hands and roles a number of times, whilst still serving as a primer on bitcoin core. Now, moves … Read more
Cryptocurrencies and digital assets all have a role to play in the world of remittances and money transfers. Stellar is making inroads in this regard thanks to a new partnership with TransferTo. It’s an important step in the right direction, and one that shows Stellar may be able to rival Ripple in the long run. … Read more
Various cryptocurrency firms have tried their hand at the lending business. Most of those firms have failed, for rather obvious reasons. It now seems SALT Lending is headed in the same direction, as the project has allegedly suffered some big setbacks over the past few days. SALT Lending Is Struggling It is evident there are … Read more
In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the … Read more
There are quite a few companies which are building their own proprietary blockchains. As is always the case when ventures like these come to market, one has to wonder whether they can live up to expectations. KT Corp, one of South Korea’s leading mobile carriers, has unveiled a commercial network which uses blockchain technology. KT Corp … Read more
