If closing the entire platform wasn’t bad enough, BitConnect has now been hit with a lawsuit by a group of investors alleging that the BitConnect “crypto wonderland” was, in fact, a “wide-reaching Ponzi scheme.” BitConnect officially shuts down>> The legal complaint was filed in Florida by six individuals on their own behalf, as well as on…
Bitcoin (BTC) and other digital currencies started gaining popularity last year following the big tech companies’ interest in blockchain technologies. Moreover, cryptocurrencies’ ability to execute transactions semi-anonymously has added to the popularity. Consequently, people who want their transactions to be hard to trace enjoy the secrecy these digital currencies offer. According to researchers from the University of…
Everyone’s heard of Bitcoin, but how many people can actually afford it? Sure, you could buy 0.0001 BTC, but where’s the fun in that (not to mention the huge transaction fees right now)? Wouldn’t you rather get an entire token? If you’ve got the crypto-itch, then I’ve got the cure. Here are 5 cryptocurrencies under…
The encrypted messaging company has bold plans for the future. For all the ups and downs experienced in the frenzied cryptocurrency market this year, companies are having no problems hiding their ambitions to revolutionize this space. Earlier this month, the private messaging app Telegram announced an initial coin offering (ICO) that could go as high…
Friday morning has not started out on a good foot for some major cryptocurrencies. It was confirmed this morning, via press conference, that Coincheck has suffered the largest crypto hack ever. This is larger than the notorious Mt. Gox hack, which is estimated to be around 500 million NEM (XEM) tokens. Coincheck is based out…
If you’re investing in bitcoin or ethereum and worried about the high transaction fees charged by cryptocurrency exchanges like Coinbase, there is good news on the way! Source Image: itunes.apple.com On Thursday, the zero-commission stock trading platform Robinhood announced that its U.S.-based users will be able to buy and sell bitcoin and ethereum — the two…
There are several activities going on around the world that have the negative impact on the future of cryptocurrencies. Despite all these activities, digital currencies continue to stand taller in front of these headwinds. Cryptocurrencies initially lost a huge portion of its value on regulatory concerns. However, the prices now look firm over the last…
Although Ripple (XRP) has lost more than half of its value in the last couple of weeks, the digital currency continues impressing investors and companies with its unique features and the potential to make cross-border payments in a faster way than any other digital currency. Currently trading around a price of $1.35, Ripple is down significantly…
The blockchain and cryptocurrency sector has become immensely popular both this year and last year, with a number of companies announcing a move into the industry. Meanwhile, companies that are already involved in the sector, and have been long before the hype surrounding the technology emerged, are now making advancements in their corporate models in…
KYC – Know Your Customer: for the security of the business and the customer – but how safe is it really? KYC verifications are becoming more common in the crypto world. Already common practice in the financial world, KYCs check the customer’s identity and verify that the customer isn’t involved in any illegal activity. The crypto…
