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…
Automobile blockchain: Various companies around the world began jumping on the blockchain bonanza last year when cryptocurrency spread like a wildfire in the media and grew in popularity. Everyone tried to see how this new technology could benefit their current systems or even ride the blockchain ‘buzzword’ for a while. Long Island Iced Tea Inc, an…
Robinhood Exchange: Robinhood, the Financial services mobile app which launched in February of this year, has just announced further developments on its platform. Robinhood has now added support for Litecoin (LTC) and Bitcoin Cash (BCH). Currently, the Robinhood platform reaches 5 million users and the goal of the Fintech Startup is to “further expand our coin…
Trump crypto fraud task force: Earlier this year, the United States government revealed that it was looking at cryptocurrencies, with a particular focus on market fraud, and that it was developing a “comprehensive” strategy around virtual currencies. Now in the second half of the year, the US government is diving even further into the crypto…
