About author: Joseph Young

Over the past 72 hours, the crypto market and major digital assets including bitcoin have recorded substantial gains against the U.S. dollar, with tokens rising by more than 50 percent, as financial markets struggled. Lack of Correlation with Financial Markets Since 2012, the crypto market has experienced a pattern of bubble-crash-build-rally, recording 70 to 90 percent corrections every two to…

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In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least…

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JPMorgan and Goldman Sachs, two of the biggest banks in the global finance sector, have led a $32 million Series B funding round for blockchain startup Axoni, to deploy blockchain-based solutions in the traditional finance industry. $55 Million in New Capital Since 2016, as the only competitor to R3CEV, a significant blockchain consortium supported by banks such as Citibank, BBVA,…

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The Ministry of Industry and Information Technology of China has ordered local financial authorities to speed up the development of the blockchain industry by creating a healthy, orderly, and fair market for companies. Xinhua, the official state-run press agency of the People’s Republic of China, reported that the ministry will increase its efforts in growing the local blockchain sector by…

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Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. Why Are Crypto Businesses Eliminated from the Bill? Earlier this month, the government of South Korea released a proposal entitled “Venture Enterprise Bill,” a piece of regulatory framework intended…

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ETHBerlin, the biggest Ethereum meetup in Berlin, Germany, is solely utilizing decentralized applications (dApps) to process all of the event’s operations, including ticketing, live streaming, hotel booking, raffles, and messaging according to an announcement on August 6, 2018. Setting a Precedent The vast majority of investors, at least in the Ethereum community, firmly believe that dApps will eventually replace centralized…

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In 2016, Edward Phipps, a U.S. citizen and the resident of Maine, was stopped by local police for driving one mile over the speed limit. Police officers requested Phipps to step out of the vehicle, confiscated $46,000 in cash found in his car, and forced him to forfeit it to federal prosecutors. Advantage of Crypto Two years ago, Phipps, who…

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Throughout this week, many tokens including 0x (ZRX), Ethos (BQX), ICON (ICX), and Aeternity (AE) have been traded in South Korea with 300 to 600 percent premium rates. As of August 1, 2018, Ethos on Bithumb, a major crypto exchange in the local market of South Korea, is being traded at $5.82, up 582 percent from its global average price…

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Vinny Lingham, the CEO of Civic Key and well respected crypto investor, has said on the Venture Stories podcast that the actual value of most cryptocurrencies is likely lower than their listed prices. Problem is Liquidity Since early 2018, experts in the cryptocurrency sector have questioned the volume of major digital asset exchanges and the illegitimate practices used by many…

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On July 25, 2018, the Google Chrome App Store, a platform that enables users of the most widely utilized web browser in the world to install native browser apps, removed Ethereum wallet MetaMask from its store. As a popular open-source and non-custodial Ethereum wallet integrated into significant browsers including Google Chrome, FireFox, and Brave, MetaMask has been the go-to wallet…

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