EOS, founded by Block.one in 2017, is the 5th biggest cryptographic asset in the world by market cap and has been vaunted as a fully scalable blockchain platform for Dapp hosting. In the past year it has faced criticism for several reasons and in general, perceptions of the project are mixed. However, its ongoing mainet launch can surely be described…
Litecoin (LTC) has dropped 40% over the last month, largely correlating with most of the other crypto markets. The LTC market cap now stands at US$5.96 billion, sixth overall behind EOS. Exchange-traded volume in the past 24 hours is US$378.55 million. The number of transactions per day has decreased dramatically since December and January and…
After the bloodbath we can only speculate as to what caused the flight of capital out of cryptos but we will take a look at the confluence of bearish news events that could have had an impact. CFTC investigation into bitcoin futures manipulation The Commodity Futures Trading Commission (CFTC) has been investigating some of the…
The advent of blockchain technology has brought with it some novel advancements, with one of them being the emergence of initial coin offerings (ICOs). This innovative mechanism for capital-financing has powerful consequences, for one, ICOs are challenging the commonly held view that investing in promising early stage start-ups is a right reserved exclusively for VC…
Crypto-Friendly Countries in Europe: In recent months the crypto sector has seen numerous countries implement regulations and ban virtual currencies and ICOs. Despite this, the sector continues to grow and gain support. So, if the world is going to divide when it comes to cryptocurrency, which is what appears to be happening, it’s important that crypto-enthusiasts…
The UK’s Financial Conduct Authority (FCA) issued a letter on Monday to bank CEOs over the potential risks that they face when dealing with cryptocurrencies. A Letter from the FCA Criminal activities are synonymous with cryptocurrency use and the letter is said to suggest “good practice” that banks can follow to be vigilant against these activities. According…
Bitpanda adds IOTA: All incidences of hacking are unfortunate, but some more so than others. On the weekend of June 9th, Coinrail, a South Korean crypto exchange, was hacked. The Coinrail hack was so severe that all of the top 10 coins on the market are plunging today. Some coins are down because of it, and…
Opinion: Cryptocurrency grasped mainstream attention back in mid-2017, but the world’s first digital currency, Bitcoin (BTC) was born back in 2008 and introduced to the world in 2009. Around this time, the stock market collapsed and fell 777.68 points within a single trading day. The cause? The subprime mortgage crisis. U.S. banks got greedy and granted mortgages…
Binance euro trading pairs – it’s finally happening! This is huge news because this will be the first fiat currency option to become available on Binance. Binance has always previously been strictly a crypto-to-crypto exchange. It hasn’t dealt in fiat currency, mostly because fiat exchanges are usually subjected to more regulations than crypto-to-crypto exchanges. But…
Bitcoin price crashed down below $7,000 after the South Korean cryptocurrency exchange Coinrail was hacked over the weekend. The cyber attack sent BTC/USD down by approximately 10%. Currently, the digital currency is trading at close to $6,730, near its two-month low. BTC/USD Crashes Below $7,000, On Bearish Trend On Monday morning, Bitcoin price continued to…
