U.S. District Judge Paul Oetken in Manhattan who is handling the case: “Alibaba Group Holdings Ltd v. Alibabacoin Foundation et al, U.S. District Court, Southern District of New York, No. 18-02897” denied the claims of Jack Ma’s companies who were attempting to force the closure of the ICO of Alibabacoin (ABBC). The company claimed that…
Tokens are the new “new” thing in the blockchain space. Just when everyone thought that blockchains were hot enough, everyone realized that tokens are the business model for Web 3.0. A decentralized system spreads control among many parties. It may or may not be tokenized. The key benefit of tokens is to align incentives among participants of the ecosystem. It’s a positive-sum game among…
There are now over 1,580 cryptocurrencies (as of writing) in circulation, according to CoinMarketCap. And while most of us know the basics when it comes to big projects like Bitcoin (BTC) and Ethereum (ETH), attempting to make an informed investment decision about some of the smaller ones can too often seem like a confusing prospect. Specifically, what…
Ripple (XRP) has recovered 70% since the lows in mid April. The market cap now stands US$81.6 billion, with US$624 million in trading volume over the past 24 hours. In Ripple’s Q1 2018 report, it was revealed that the money service business, XRP II LLC, sold US$16.6 million of XRP to market participants. The company…
Bitcoin price (BTC) rallied 50% last month amid improving trader confidence. The market pundits, however, are predicting BTC price to reach $20,000 by the end of this year. The overall trader’s sentiments and market data have also been supporting bull’s stance. The potential institutional investment and claims for higher adaptation are adding to traders sentiments. However, Warren…
The crypto related news website, Bitcoin.com has changed the way it publishes information after a group of users joined forces to file a fraud suit against it. For some time now, Roger Ver, a crypto enthusiast who became a millionaire by investing in Bitcoin (BTC), has been promoting a fork he is a part of…
Crypto in April: April was a good month for crypto. Don’t believe us? Check out the numbers. We’ve broken down how well each coin performed for the month of April and every coin in the top 30 grew. EOS and Tether (USDT) saw the best and worst movement for the month. Can you guess which…
It is the first week of May, the crypto space is buzzing and there is a lot happening. Despite all of the top coins being in the red today, the crypto sector has seen numerous announcements made this week. And it’s only Tuesday. Here are six of the top announcements. This Week’s Top Crypto News 1. SBI Holdings Launching…
It’s been a busy day for the crypto sector. The latest major announcement is regarding the London Block Exchange. Today, word broke that the London Block Exchange listed two new cryptocurrencies. London Block Exchange Adds Two New Cryptocurrencies The London Block Exchange listed both Ethereum Classic (ETC) and Bitcoin Cash (BCH) today. This is pretty significant…
Bitcoin (BTC) is making headlines this week. The latest headline comes after CFTC chairman J. Christopher Giancarlo stated in an interview with CNBC that Bitcoin has similar characteristics to gold. But is Bitcoin similar to gold? Let’s see if there’s truth in the statement. Is Bitcoin Similar to Gold? This week, Giancarlo essentially stated that…
