#Altcoins

Forensic Analysis of the Verge Cryptocurrency Hack

May 24, 2018 by Priyeshu Garg at Altcoins, Commentary, News, Tech

In the space of fewer than two months, Verge has suffered two high-profile cryptocurrency hacks. In April, news broke out that hackers had commandeered the network, successfully compromising the system and earning all the block mining rewards within a specific timeframe. In the aftermath of the hack, the development team...

One Step Ahead: How Super Nodes Will Transform Blockchain Data Security

May 24, 2018 by Rob Viglione at Altcoins, Blockchain, Commentary, News, Tech

In this guest post, Rob Viglione, Co-founder of ZenCash, explains the concept of super nodes and how they can be beneficial to a blockchain network. In a 1951 interview, notorious American bank robber Willie Sutton was asked why he robbed banks. His response: “Because that’s where the money is.” It’s...

CNBC Hit with Controversy over Fast Money Segment Covering Bitcoin Cash

May 24, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, News

CNBC Fast Money aired a segment with crypto investor Brian Kelly promoting Bitcoin Cash (BCH) on the channel, even stating that it is “the must-own digital currency” of the moment. According to Kelly, the altcoin's worth will skyrocket thanks to the development fund being reportedly set up by bitcoin cash...

India May Levy 18 Percent Tax on Cryptocurrency Activities; Making it Practically Legal

May 24, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

Even though the legal acceptance of cryptocurrencies in India is not crystal clear yet, people with direct knowledge of the issue has stated that India is well on its way to levy Goods and Services Tax (GST) on any activity related to digital assets. The Statement According to a report,...

Mitsubishi Financial Announces Blockchain Based Payment Settlement Network

May 24, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG) announced an agreement with America based Akamai Technologies on May 21, 2018, to develop a new payment network platform based on blockchain technology. The announcement was made via a press release by Mitsubishi. Payment Network Platform on the Blockchain The two companies...

Shark Tank’s Barbara Corcoran Believes Buying Real Estate with Bitcoin is ‘Great Common Sense’

May 24, 2018 by Cindy Huynh at Altcoins, Business, Finance, News, Tech

Shark Tank’s Barbara Corcoran believes that purchasing and selling homes using cryptocurrencies may be the future. “It makes great common sense,” said Corcoran, in an interview with Money. “I’m being very optimistic because, as a long-term play, it’s perfectly suited for real estate transactions.” While it may be uncommon to...

DNV GL Eyes New Assurance Products after Buying Stake in VeChain

May 24, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Tech

Norway-based DNV GL has bought stakes in leading public blockchain provider, VeChain. The acquisition will allow the risk management and quality assurance company to gain access to tools and technologies for developing new digital assurance products. DNV GL and VeChain Partnership The two have yet to disclose the extent of...

IOHK to Bring VR Tool to Explore Bitcoin's Blockchain

IOHK Introduces VR Tool to Explore Bitcoin’s Blockchain

May 24, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, News, Tech

Cardano’s creator IOHK will soon be rolling out a virtual reality (VR) based educational tool aimed at introducing blockchain technology to students. With the help of VR, learners will be able to experience blockchain technology in a rather novel way. The announcement was made by IOHK CEO, Charles Hoskinson. Cardano...

Ireland Releases Guidance on Cryptocurrency Taxes

May 23, 2018 by contributor at Altcoins, Bitcoin, Ethereum, Finance, News

Ireland has announced that Irish-based companies handling transactions via digital currency will be faced with the “normal” tax rules according to the country’s tax authorities in an announcement on May 15. Tax Clarification Required A lot of concerns and queries by potential cryptocurrency focussed businesses culminated to the announcement by...

Tradeshift Uses the Blockchain to Create a Compatible Payments System

May 23, 2018 by Cindy Huynh at Altcoins, Finance, News, Tech

Tradeshift, a supply chain payments company recently launched a service called Tradeshift Pay that allows payments and financial solutions to work with “all major blockchain technologies including ethereum and hyperledger.” The interoperable solution enables the writing of all transactions onto a public ledger to secure a clear record and create...

CheapAir Adds Support For Bitcoin Cash, Dash, and Litecoin for Flights and Hotel Bookings

May 23, 2018 by Priyeshu Garg at Altcoins, Business, News

CheapAir added support for more cryptocurrencies on May 22, as it looks to provide digital currencies enthusiasts a variety of payment option for flight and hotel bookings. The online travel agency is now accepting bitcoin cash (BCH), dash (DASH), and litecoin (LTC) payments for its offerings. CheapAir Expands Cryptocurrency Support...

CFTC Chairman to Senators on Bitcoin: “We owe it to this new generation to respect their interest”

CFTC Opens the Door to More Cryptocurrency Derivatives with New Advisory

May 23, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Ethereum, News, Regulation

The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory according to a May 21 announcement, which exchanges and clearinghouses planning to list cryptocurrencies derivatives must adhere. The instructions are in response to growing industry concerns about the vetting process for new derivative products pegged around digital currencies....

Bing Bins Cryptocurrency Advertising on Its Platform

May 23, 2018 by contributor at Altcoins, Bitcoin, News, Regulation

While some companies are investing, adopting, and utilizing cryptocurrencies or its related products, “FANG” stock companies are persistently avoiding the digital asset in all forms. The latest to do so is Microsoft Bing, which joins Google and Facebook in their decision to ban cryptocurrency-related advertisements on their platforms. Move to...

Union Bank of Philippines Set to Do More with Blockchain and Bitcoin

May 23, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

More financial institutions are warming up to blockchain technology and cryptocurrencies even with the largely unregulated nature of the digital currency space. In another similar development, the UnionBank of Philippines may be looking to integrate Bitcoin mining into its operations, as the financial institution recently displayed its cryptocurrency miners at...

Five Major Crypto Mainnet Launches Scheduled for Q3 and Q4 2018

May 23, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, News, Tech

There are five major mainnet launches of different projects scheduled for 2018. These include those belonging to Tron, EOS, Zilliqa, VeChain, and Cardano. Each of these five projects is currently under development, and their test net versions have been released to selected developers for testing. Tron Project On March 31,...

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