South Korea’s largest cryptocurrency exchange, UpBit, was raided by ten investigators and local police for alleged fraud this morning. Chosun, a local news source, was the first to report on the incident. Upbit is currently the fourth largest cryptocurrency exchange in the world by 24-hour trade volume. The company has responded saying that all customers’ assets…
The top ten ICOs have been very successful in gaining early positive attention around their projects; however, many on this list have had lackluster performances in the time since their ICOs. Here’s what you need to know about these projects. 1. Petro (PTR) – 5bn While the Petro project has reportedly raised the most money…
Stellar (XLM) aims to create an open platform for building financial products. Users can write messages to Stellar network’s distributed database (similar to SWIFT and Ripple), use XLM as a medium of exchange, or use the asset to trade other pairs, similar to a decentralized exchange. The protocol was originally a fork of Ripple (XRP),…
With falling returns on ICO investments and a decline in ICO fundraising from the start of the year, I believe that understanding the fundamental value of crypto assets enables us to make better mid to long-term investment decisions. A number of investors in the crypto asset space fail to pick a clear strategy, instead making…
The cryptocurrency market regained some momentum after hitting the weekly low of $420 billion in yesterday’s trading. Bitcoin (BTC) experts and traders are optimistic that the latest developments and increasing market adaptations could lead to a massive price rally this year. Bulls expect BTC price to soar sharply if the rumors are found to be…
Crypto enthusiasts see Goldman Sachs’ plan to trade bitcoin futures on behalf of clients as a big-time institutional endorsement likely to lend more credibility to the bitcoin market. The price of BTC even hit a monthly high, flirting with $10,000, just days after the news broke confirming the entry of one of Wall Street’s most storied and scrutinized…
Bitcoin price (BTC) continues to make sideways movements today. Although it remains unsuccessful in crossing the key resistance level, there is optimism that that cryptocurrency market will bounce back shortly. Brian Kelly is one such optimist. He has discarded Warren Buffett’s and Bill Gates criticisms of late, stating that he believes the cryptocurrency market to…
Debates over the suitability of Bitcoin as a payment system continue. Last week, CFTC chairman J. Christoper Giancarlo stated he does not believe Bitcoin to be an “ideal” payment system. The chair has this mentality despite also saying Bitcoin has similarities to gold. This week, the Bank of America CTO joined the conversation. Bitcoin as a…
Alternative coins are killing it on the crypto markets today. Specifically, Bitcoin Diamond (BCD), Huobi Token (HT), and Skycoin (SKY). Meanwhile, the more well-known altcoins, such as Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC) are all down. We’re going to focus on the three alternative coins and token today — Bitcoin Diamond (BCD), Huobi…
In the world of cryptocurrencies, you will be waiting a lot. Case-in-point; EOS, TRON (TRX), and Stellar (XLM), where we are waiting on a few big things to come. All three projects are launching new things and all we can do is wait for them. For now, let’s see how the coins are doing. EOS…
