The STEEM token is the externally accessible currency used for interacting with the Steemit social content portal. Steemit is a platform designed to give tangible power, and ownership, back to the community driven social content platform. A simplified analogy is that Steemit is like Reddit. but content creators, posters, commenters and voters are given direct monetary rewards for any participatory…
Bitcoin (BTC) has dropped ~17% over the past twelve days, after a bullish rally throughout most of July, and is currently down 65% from the record high in December. The market cap stands at US$120 billion, with US$1.78 billion traded in the past 24 hours. Globally reported over the counter (OTC) volume, from LocalBitcoins.com, also…
The study, conducted by London-based investment firm IW Capital, reveals that only five per cent of British crypto investors realise profit, and only 38 per cent of the general population have any understanding of cryptocurrency, or the underlying technology. But despite this, a full third of survey respondents believe that the price of bitcoin is a…
On January 9 of this year, the price of Bitcoin in South Korea was 43% higher than it was in the U.S. If you’d had a way of buying $100k USD of BTC in the U.S. and selling it on Bithumb without any fees, foreign currency exchange rates, or time delays, you could have pocketed $43k.…
$10.7 trillion custodian helping hedge funds invest in bitcoin (med impact) Financial services firm Northern Trust which provides custody and wealth management services to corporations and institutional investors has started opening up its services to cryptocurrency hedge funds. Forbes reported that Northern Trust, in the top 500 of the largest US companies, has been working…
In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news. Crypto Daily News: August 3rd, 2018 Bithumb Sees Slump in Trade Volume The world’s 13th largest cryptocurrency exchange by its current trade volume, Bithumb, has dropped…
Bitcoin for coffee. It has a nice ring to it. But actually using Bitcoin (BTC) to buy coffee? Turns into a big mess real fast. However, that might be about to change. Starbucks just hinted that it might soon have a way to make using BTC to pay for coffee a whole lot easier for…
Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so…
VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also…
Announced this morning is some pretty major news that Bitcoin bulls have been waiting for; Intercontinental Exchange (ICE) – the trading giant that owns the New York Stock Exchange – has a goal of breaking Bitcoin into mainstream currency and it plans to do this by forming a new company called Bakkt. Bakkt is soon…
