The crypto markets are a perfect sea of red today. IOTA is down in the double-digits, which may come as a surprise to some. After all, the foundation has had a pretty successful two weeks. The Latest IOTA News On May 2, IOTA disclosed that it has joined the Mobility Open Blockchain Initiative. Then, on May 5,…
Ripple released a report announcing the progress of its pilot tests for the Ripple xRapid product. The pilot tests show that xRapid is successfully achieving cheaper and faster cross-border transactions. The complaint has always been that sending money around the world is slow and comes with large fees. xRapid is meant to solve this. Ripple’s report…
The crypto markets are taking quite the hit today. Bitcoin Cash (BCH), for instance, is in the red zone. But the Bitcoin Cash (BCH) team has too much going on next week to worry about this, specifically; the Bitcoin Cash network upgrade. Bitcoin Cash Network Upgrade The Bitcoin Cash (BCH) network is set to upgrade…
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Ethereum [ETH] Futures – Crypto Facilities, a U.K-based cryptocurrency trading platform, announced this morning that it would be launch Ethereum futures later today. The official statement reads: “The first Ethereum futures to be offered by a regulated firm, the products will enable market participants to take a long or short position in the cryptocurrency, allowing…
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…
