India: An Indian official has redacted the government’s “official” blanket ban on cryptocurrencies, saying “I don’t think anyone is really thinking of banning it (cryptocurrencies) altogether”. Instead they could be classified as commodities, the official told Quartz. In April, the Reserve Bank of India (RBI) issued a mandate to banks to cease facilitating services to customers involved…
Cryptocurrency trading has always been fundamentally different from traditional finance in lots of ways. It’s more inclusive, easier to make big and quick gains, has lower barriers to entry, and doesn’t require huge startup costs. Maybe these are the reasons why crypto has been so fiercely and constantly undermined by the elitist financial class ever…
The cryptocurrency market trades globally 24 hours a day. Anyone who has been watching the price of Bitcoin understands the price moves very fast. Realize that people are always driving the price changes, and people are not always rational, not always emotional, but are rarely random. Since people are driving the price, the price patterns…
The King has left the hedge fund building. Now, Steven Cohen, otherwise known as the ‘Hedge Fund King’, has entered the world of cryptocurrency. Yes, the headlines are true: Steven Cohen invests in a crypto hedge fund. Steven Cohen Invests in Crypto Hedge Fund Cohen, a Billionaire investor, is still technically involved in the hedge fund…
ICO scams: The ICO advisory firm, Statis Group, just announced its recent study that showed that nearly 80 percent of initial coin offerings (ICOs) held in 2017 were scams. The study took into account the lifecycle of ICOs, from the initial proposal of sale to the most mature phase of trading on a cryptocurrency exchange. The study…
OKCoin in California: OKCoin, an international cryptocurrency exchange, just announced that it has launched a branch within the US market offering cryptocurrency trading services between USD and several cryptocurrencies. According to the company’s website, the crypto exchange has already launched in California and is working on getting its services approved in other states. Each state has…
Litecoin joins TokenPay: Two days ago, the Litecoin Foundation announced that it had entered an extensive strategic partnership with TokenPay and acquired nearly 10% of the German bank WEG Bank. I’m excited to announce that @LTCFoundation and @TokenPay have entered into a strategic partnership to buy a stake in a German bank, WEG Bank AG.…
First revealed by Chinese President Xi Jinping in 2013, it is anticipated the Belt and Road initiative (B&R) will generate a total economic volume of $21 trillion US dollars (29% of the world’s total) by the time it is completed. The initiative is expected to drive international trade along new routes and create a surge in…
Ripple (XRP) has declined by 40% since the beginning of June, is currently near it’s lowest price since December 2017, and is down 89% from it’s all time high. The market cap now stands at US$44.35 billion (based on the total supply), with US$228.46 million in trading volume over the past 24 hours. There is…
Burst, dubbed the Linux of blockchain, is a triune technology: the first layer is a blockchain, IOTA-style tangles are built upon it and within those tangles it uses lightning network technology to create payment channels. Together, it calls this innovation Dymaxion Layers (a portmanteau of dynamic, maximum and tension). Burst draws heavily on comparisons to IOTA and even uses…
