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Cryptocurrency for the Cannabis Industry Gains 20 Percent After Diplomatic Appearance

June 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, News

Sportsman-turned diplomat and promoter of PotCoin, Dennis Rodman’s diplomatic breakthrough pushed the price of the digital currency after a political appearance. A Pot of Cannabis PotCoin aims to create a native cryptocurrency for the legalized marijuana industry and witnessed a price gain of more than 24 percent after Rodman’s appearance...

Bitcoin Trader Faces Jail Time for Running Illegal Bitcoin-Fiat Exchange

June 14, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Crime, News

A cryptocurrency trader in Los Angeles who made at least $300,000 per annum under the name “Bitcoin Maven” is potentially facing a 30-month sentence in prison for operating an unregistered, illegal bitcoin-fiat exchange. Maven Loses Credibility According to NBC, the “Bitcoin Maven” was identified as fifty-year-old Theresa Tetley, who had...

Bitcoin balancing on a tightrope as the bolivar falls off to its doom

Volatile Bitcoin More Stable Than Venezuelan Currency, Citizens Embrace Digital Assets After 14,000 percent Consumer Inflation

June 14, 2018 by contributor at Altcoins, Bitcoin, News

Several critics have fiercely disregarded the validity of bitcoin as an investment alternative to physical assets. However, citizens of Venezuela may prove them wrong, and provide a significant example of the pioneer cryptocurrency’s function in case of an economic crisis. Think Bitcoin is Volatile? A Quartz report on June 9,...

Survey Suggests 300 Percent Rise in Cryptocurrency Adoption in Ireland

June 14, 2018 by contributor at Altcoins, Business, News

A report by The Irish Times on June 11, 2018, suggested a 300 percent increase in the number of Irish citizens owning a cryptocurrency in 2018, compared to 2014 statistics. Irish Citizens “Curious” About Cryptocurrencies The study suggested that over 120,000 citizens are officially holding bitcoins or altcoins, in addition...

IPOs Are Cool Again Bitcoin Mining Company To Go Public On London Stock Exchange

Bitcoin Mining Company to Launch IPO on London Stock Exchange

June 14, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News

Argo Blockchain, a bitcoin mining company, is primed to become the world's first coin mining enterprise listed on the London Stock Exchange (LSE), according to a statement issued on June 12, 2018. 49er Model Goes Public Argo Blockchain intends to find success using the so-called "49er" model, which entails selling...

Weiss Rating: “Love” EOS but Centralization Remains a Concern

June 14, 2018 by contributor at Altcoins, News

In the latest report by Weiss Ratings, one of the few cryptocurrency rating firms, the potential of EOS blockchain project is put under much limelight. Weiss EOS 101 From a bird’s point of view, the rating agency seems to be optimistic about EOS’ potential to provide what Ethereum had promised...

Ubiq Proposes Switch to ProgPoW To Dissuade ASIC Mining

June 14, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, News

Decentralized platform Ubiq has initiated a public vote on switching to a Proof of Work (PoW) algorithm. Based on a majority approval by Ubiq nodes, the platform will move to consensus algorithm ProgPoW. Ubiq Proposes ProgPoW Ubiq is an Ethereum fork with its mining network, token, and a block interval...

Bitcoin, Ethereum, Ripple Make the List of Thailand’s “Approved Cryptocurrencies”

June 14, 2018 by contributor at Altcoins, Bitcoin, Finance, News

Thailand’s Securities and Exchange Commision unveiled the details of the country’s regulatory framework for digital assets and initial coin offerings (ICOs). The paper includes relevant fees, taxes, licensing requirements, and most importantly - seven approved cryptocurrencies. Thailand’s Cryptocurrency Push According to a Bangkok Post report on June 9, 2018, the...

Cryptocurrencies “Nothing More than Whitepapers,” Says Hotmail Founder

June 14, 2018 by contributor at Altcoins, Commentary, News

The cryptocurrency and blockchain community is highly operatic about the technology making a significant impact in multiple domains, often drawing a comparison to the internet. However, several seasoned entrepreneurs have called out the optimism of both the technology and its devotees. Internet Personality but Blockchain Permabear In an interview with...

Russian Government Website Infiltrated by Hackers to Mine Cryptocurrencies

June 13, 2018 by contributor at Altcoins, News, Tech

A government website for the Khabarovsk county in Russia was recently hacked in an attempt to mine cryptocurrency by siphoning the computer power of the users visiting the site. Fraudulent Miners Strike Again According to a report on local news agency Gubernia, malware had been active for roughly ten days...

Want to Get into the Bitcoin Gold Rush? Sell Shovels

June 13, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

A new wave of cryptocurrency startups and businesses are experiencing rapid growth by targeting the more familiar end of the cryptocurrency value chain in a reprisal of the famed "49er" model of entrepreneurship. Businesses are creating value from the cryptocurrency boom without necessarily trading, holding or creating any cryptocurrencies. While...

Women Considering Cryptocurrency Investments Have Doubled Since the Beginning of 2018

June 13, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Commentary, News

Research shows the first six months of 2018 experienced an increase in women considering cryptocurrency investments, from 6 percent to 13 percent. Females are Financially Informed While demand and interest in cryptocurrencies have fallen over the year, cryptocurrencies have gained more popularity with women. Approximately 20 percent of female millennials...

KodakCoin to Feature at NBA and NHL Stadiums after Wenn Digital-OVG Partnership

June 13, 2018 by contributor at Altcoins, Blockchain, News

After a partnership between the parent organizations of KodakCoin and NBA/NHL, the cryptocurrency platform will be offered to fans to earn tokens for taking photos during games. Massive Development In a press release on June 7, 2018, the operator and parent firm of blockchain-based image rights manager platform KotakOne, Wenn...

Huobi Enters U.S. Market Via Strategic Partnership with HBUS

June 13, 2018 by contributor at Altcoins, Bitcoin, News

The competition between cryptocurrency exchanges is intensifying. Industry players are introducing new features, faster liquidity, and even entering new demographics. The latest to make an aggressive push is Huobi, the world’s third-largest cryptocurrency exchange as per traded volume. HBUS Not a Direct Huobi Subsidiary As per an official blog, Huobi...

Canada Declares War on Cryptocurrency Fraud with Mandatory KYC/AML Regulations

June 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, News, Regulation

Canadian authorities have amended the nation’s anti-money laundering (AML) and anti-terrorism funding laws to foster orderliness in the finance and cryptocurrency industries by preventing deceitful individuals from exploiting regulatory loopholes in cryptocurrency exchanges and firms. Canada’s Fraud Crackdown As stated in the draft published by Canada Gazette, the Financial Action...

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