#Altcoins

Man Pulling Wheelie Suitcase to City Kin

Payments Platform Kin Announces Token Migration from Ethereum to Custom Stellar Fork

November 19, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Ethereum, News, Tech

The Kin project, launched by the developers of cross platform messaging app Kik, has announced that it will be completely moving away from the Ethereum blockchain in favor of Stellar. In a blog post released November 14, 2018, the project’s Blockchain Team Lead Gadi Srebnik wrote, “Apps are coming online...

$Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification$

U.S. SEC Opens Investigation into Salt Lending and Former Director Eric Voorhees

November 18, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

Shapeshift CEO Eric Voorhees and cryptocurrency loans startup Salt Lending Ltd. is under investigation by the U.S. Securities and Exchange Commission (SEC) concerning its $50 million ICO in 2017, per a Wall Street Journal article, published November 15, 2018. SEC Seeks Clarity Regarding 2017 ICO Salt was founded in 2016...

Islamic Financial Expert Affirms That Cryptocurrency Is “Halal”

November 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Commentary, Finance, News

The Chairman of the International Business Forum (IBF) Erol Yarar has urged Islamic countries to embrace a common type of cryptocurrency system. The call was made due to the growing concerns among Muslim states on the overwhelming nature of the U.S. dollar and its grip on the world financial markets,...

Cryptocurrency Miners May Have to Pay More for Electricity in Chelan County

November 18, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Mining, News, Regulation

There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region. The county is currently...

China’s Ping An Insurance Firm Partner With Sanya City Authorities to Build DLT-Powered Smart City

November 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Ethereum, News, Platform, Tech

Ping An Insurance Group, a highly reputed China-based insurance corporation has joined forces with the Sanya municipal government to develop a “smart city” that would be powered by blockchain technology, artificial intelligence (AI) and other new technologies,” according to a local news source, People’s Daily on November 14, 2018. Strategic...

BitGo Adds Support For Stablecoins; Set Sights on Listing 100 Cryptos and Tokens by the End of 2018

November 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News, Platform, Tech

BitGo, a California-based blockchain security firm, digital assets wallet provider and custodian has announced it's now supporting the major stablecoins currently on the market, including Circle’s USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX), and more, according to a Finance Magnates report on November 15, 2018. BitGo Targets the...

IBM to Develop a Blockchain-Based Solution for Scientific Researchers

CLS Foreign Exchange Settlement Platform Partners IBM for Blockchain-Based Netting Service

November 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, News, Platform, Tech

Continuous Linked Settlement (CLS ), a New York-based financial institution that facilitates settlements for foreign exchange (FX ) firms is set to utilize IBM blockchain platform for handling its netting services, reported Computer Business Review on November 14, 2016. CLS Joins Blockchain Technology Bandwagon CLS, the world’s leading foreign exchange (FX)...

Ripple's Cryptocurrency Product xRapid Goes Live

Malaysia’s CIMB Group Partners Ripple to Expand its Cross-Border Remittance Business

November 17, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

Malaysian lender CIMB Group has entered a strategic partnership with Ripple to facilitate instant cross-border payments across all markets it’s currently operating in. Both companies issued a joint statement on November 15, 2018, announcing that CIMB is now officially a member of the RippleNet network. Ripple to Help CIMB Grow...

Cryptocurrency Price Crash May Be Necessary for the Industry to Mature

November 17, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Commentary, News

The cryptocurrency industry’s market cap recently fell to its lowest state in over a year after a long period of stability. According to a CNBC interview with entrepreneur Alexis Ohanian, published on November 16, 2018, the founder of Reddit believes that the cryptocurrency price crash may be a necessary step...

Two Stuffed Animals Jumping Blockchain in the Background

South Korea: Kakao and Terra Partner to Create Blockchain Ecosystem, dApps, and Stablecoins

November 17, 2018 by contributor at Altcoins, Blockchain, Business, Finance, News

Kakao, South Korea’s largest mobile carrier, has signed a partnership with stablecoin project Terra to collaborate on a blockchain-based payments system, reported Korea Times on November 15, 2018. Kakao and Terra Partnership Kakao’s native blockchain platform “Klaytn” is a highly-scalable protocol with average block times of one second and the...

KuCoin Cryptocurrency Exchange Raises $20 Million in Series A Round

November 16, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Exchange, Finance, Investment, News

KuCoin recently raised $20 million in funding in a Series A round led by Venture Capital Firms and included IDG Capital, Matrix Partners, and NEO Global Capital. According to the Straits Times’ article published on November 15, 2018, the cryptocurrency exchange is excited to leverage the newly raised capital and...

Man Checking his Wallet Red Flag in the Background

Latin American Residents Can Now Buy Crypto with Fiat on OKCoin

November 16, 2018 by Rahul Nambiampurath at Adoption, Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News

The phenomenal rise in the price of Bitcoin and cryptocurrencies in late 2017 saw a lot of new cryptocurrencies, particularly ICOs flood the crypto space. The increase in the number of cryptocurrency projects was met with a proliferation in the number of crypto exchanges. As at the time of writing...

Binance Will List Circle And Coinbase’s “Center” Stablecoin

November 16, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, Finance, News, Platform, Tech

Binance, the world’s largest cryptocurrency exchange by daily trade volume announced that it would list the USDC on Friday, November 16 at 10:00 pm Eastern Standard Time (EST). According to the Centre Consortium’s Medium blog post, Binance will open deposits for USDC and will enable trading for two pairs, the...

EXMO Cryptocurrency Exchange To Be Acquired By Canadian Firm

November 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Ethereum, News, Platform, Tech

GoverMedia Plus Canada Corp., a Canadian publicly traded firm with a wholly owned Russian subsidiary that offers clients e-commerce, auctions, cryptocurrency related services and more, has signed a letter of intent (LOI) for the acquisition of EXMO cryptoassets exchange and trading platform, according to a news release by the firm...

Ether Mining no Longer Profitable as Hashrates Decline

November 16, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Ethereum, Mining, News, Platform, Tech

Mining the cryptocurrency ether (ETH) using high-powered computer systems is no longer profitable, stated a CNBC report on November 13, 2018. Individual Mining no Longer Profitable If a recent report by CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no...

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