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FINRA Releases Alert on Cryptocurrencies and ICOs

August 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, ICO/IEO, News, Regulation

According to the Financial Industry Regulatory Authority (FINRA), Initial Coin Offerings (ICOs) and cryptocurrencies are investments that have significantly higher risks than conventional assets like stocks and bonds. FINRA noted that cryptocurrencies hold significant uncertainty and may even be fraudulent. While all forms investments come with a certain level of...

Brains behind $2.4 Billion Bitcoin Ponzi Scheme Arrested in Delhi

August 20, 2018 by Priyeshu Garg at Altcoins, Business, Crime, Finance, News

The man behind the Asian branch of the $2.4 billion cryptocurrency scam operation Bitconnect has been arrested by police officers on August 18, 2018, from the Gujarat Criminal Investigation Department at Delhi Airport on his return to India. Divyesh Darji, who has reportedly been living as a fugitive in Dubai...

Is Bettergram Really Better? A Deep Dive into Telegram’s Crypto-Specific “Hard Fork”

August 20, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Cryptocyclopedia, Platform, Tech

While Reddit and BitcoinTalk have historically been the two major platforms for cryptocurrency-related discussion, that has changed almost entirely in the past few years. Chat applications such as Slack and Discord are increasing in popularity due to their ease of use and wide availability. Of all the platforms, however, Telegram...

Adult Entertainment Site Tube8 Wants to Pay You for Watching Porn Using Cryptocurrencies

August 20, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Ethereum, News

Pornhub subsidiary Tube8 has entered an agreement with the Vice Industry Token (VIT) to reward users with monetary incentives for watching adult videos on its platform and interacting with the content. Per the recently struck deal, Tube8 will fully tokenize its platform, becoming one of the firsts in the porn...

CME Proposes Limits To Temper Bitcoin's Volatility

Crypto is a Good Store of Value as it Lacks Correlation With Financial Markets

August 20, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Finance, News

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...

Ripple Adds Exchanges to xRapid Platform to Bolster XRP Ecosystem

August 20, 2018 by Pratik Makadiya at Altcoins, Exchange, Finance, News

On August 16, 2018, San Francisco-based blockchain startup Ripple announced the addition of three crypto exchanges as preferred partners to its flagship cross-border payments product xRapid. Ripple’s XRP has long been criticized as a token with zero utility; however, the new partnership with crypto exchanges is a step forward in...

House Always Wins: Cryptocurrency Exchange Revenues May Double This Year

August 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Exchange, Investment, News

The report titled ‘Crypto Trading--The Next Big Thing is Here’ from Sanford C. Bernstein & Co. shows that crypto exchanges have the potential to more than double their revenues as much $4 billion in 2018. Crypto Trading Revenue Growth In 2017, buying and selling of cryptocurrencies generated revenue to the...

Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

August 19, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Mining, News, Regulation, Tech

The bearish trend that has been affecting the global crypto market for a while now seems to have finally taken its toll on Genesis Mining, one of the world’s leading cloud mining providers. The company published a blog post on Aug 16, 2018, implying that it is left with no...

Bringing Real World Value onto the Blockchain with OpenLaw and ChainLink

August 19, 2018 by Eric Czuleger at Altcoins, Blockchain, Business, Ethereum, Finance, News

Open Law and ChainLink are teaming up to bring real-world valuations of smart contracts to the digital space according to August 14, 2018, reports. Capitalizing on the Blockchain ChainLink is a blockchain platform which allows smart contracts to access off-chain assets like APIs, traditional banking payments, and data feeds. ChainLink...

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

August 19, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Mining, News

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...

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