Litecoin’s speed and cost-effectiveness were displayed only a few hours ago and has given weight once again to the idea that “Cryptocurrencies will replace traditional money transactions in the future”. This statement is often repeated by enthusiasts every day but is ridiculed by supporters of conventional monetary systems. Social media went wild due to a multi-million dollar transaction…
JPMorgan Tests Blockchain Platform: Is Canada taking its interest in blockchain technology to another level? Looks like it. On Friday, JPMorgan Chase announced that it tested a new blockchain platform this week, alongside the National Bank of Canada and other members of the banking industry. This is a pretty significant announcement, both for the banking sector…
In a move it says is designed to “improve accountability of major cryptocurrency trading platforms [and] protect virtual currency investors” the office of New York Attorney General Eric T. Schneiderman (OAG) has asked most of the big name crypto exchanges operating in the US for detailed information on their operations, internal controls, and customer asset…
Bitcoin (BTC) has risen 30% since April 12th, with most of those gains occurring in two days. The market cap now stands at US$151.23 billion, with US$2.44 billion traded in the past 24 hours. The networks hash rate and difficulty continue to increase month over month. This trend should continue unabated, with several new mining…
The term ‘Whale’ comes from the traditional financial markets and was recently used in mainstream media to describe former J.P. Morgan trader, Bruno Iksil, a.k.a the “London Whale”, who generated a loss of $6.2 billion trading credit derivatives for the bank’s Chief Investment Office (CIO). In light of the relatively small size of the crypto asset…
It has been a slow dawning but it would appear Paypal is fading further into redundancy with an announcement that it will be raising its transaction and credit/debit card fees. It certainly would have been bullish news for the crypto market which has been rallying this week, and most of all Ripple (XRP) which would be…
Paternal instincts kicked in for Ethereum’s creator Vitalik Beuterin at the start of the week when he heard the news that new age guru Deepak Chopra had been invited as a guest speaker to the Ethereal conference in New York, one of the Ethereum community’s more notable gatherings. The Twitter-happy coder took fire at Chopra…
Crypto scams Asia: In less than 24 hours, the governments of China and South Korea have dismantled two organized groups that were in charge of promoting pyramid schemes by using cryptocurrency investments as a background. This decision seems to further reinforce the firm position of both governments in the fight against the criminal use of…
There’s a crypto market upswing happening. This is further evidence of the unpredictable nature of crypto but at least this time the coins move in favor of the bulls. The upswing has continued into this week. While it’s true that some coins started to struggle mid-week, the majority of the coins were up – just…
The Reserve Bank of India (RBI) entered uncharted waters by dealing a ban on cryptocurrencies which has caused outrage and confusion among the crypto investment community in India. This ban applies to all transactions related to cryptocurrencies such as Bitcoin and the embargo effects the transfer of money form designated bank accounts to cryptocurrency wallets.…
