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GOEX, a Global Crypto Exchange to Facilitate Long-Term Crypto Investments

August 15, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Exchange, Investment

The crypto exchange plus investment platform GOEX launched on December 27, 2017, and has amassed a considerable following in a less than a year. The service offers participants an instant cryptocurrency exchange service with the best dynamic rates the market has to offer. Furthermore, the crypto exchange provides an integrated...

Luxcore Engages in Corporate Reshuffle, Appoints John McAfee as CEO

August 15, 2018 by Eric Czuleger at Altcoins, Bitcoin, Blockchain, Business, Development, News

Luxcore recently finished a corporate reorganization along with a series of hard forks which introduced new blockchain features its ecosystem to maintain a leadership role as a blockchain service provider, as stated in an announcement on August 13, 2018. The company bills itself as an enterprise-ready blockchain ecosystem platform. The recent...

Saudi Arabia Declares Bitcoin Trading Is an Illegal Activity

August 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

Saudi Arabia's financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia. Bitcoin is Illegal in the Kingdom As stated in a press release by the standing committee, it is now officially...

Fintech Startup Bitt Signs an MoU with Caribbean Central Bank to Launch State-Issued Cryptocurrency

August 15, 2018 by Cindy Huynh at Adoption, Altcoins, Bitcoin, Blockchain, Finance, News

Barbados-based startup Bitt has recently signed a Memorandum of Understanding (MoU) with the Central Bank of Curacao and Sint Maarten (CBCS). The goal of the partnership is to look into the different possibilities and feasibilities of issuing digital guilder or a Central Bank backed cryptocurrency. CBCS Explores the Idea of...

ICO Exit Scams: Bad Actors Cart Away $100 Million in 2018

August 15, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Ethereum, News

While there have been quite many initial coin offerings (ICOs) that have made investors smile to the bank in recent times, there's no denying that some of these crypto-based fundraisers have also broken the hearts of many. At current, it is estimated that investors have lost nearly $100 million to...

Goren Holm Ventures Rebrands as Tim Draper Further Invests

Bitcoin and Ether Lose Ground and Tim Draper Keeps the Faith

August 15, 2018 by Eric Czuleger at Altcoins, Bitcoin, Blockchain, Investment, News

In August 2018, Bitcoin and a large batch of other cryptocurrencies experienced a massive sell-off, and the market is showing few signs of turning around any time soon. This week, Bitcoin dropped as much as 6.2 percent to $5,887. This is the pioneer digital currency’s lowest level since June. However,...

SEC Issues new Warning about Cryptocurrencies and IRA Fraud

August 14, 2018 by Nuno Menezes at Altcoins, Bitcoin, Business, Finance, Investment, News

A growing number of individuals are moving their investments to self-directed individual retirement accounts in the hopes of building a better “nest egg” for their retirement. In doing so, however, they might be putting their funds in jeopardy, according to August 13, 2018 reports from the SEC. The Booming IRA...

Computing Rigs Powering the Cryptocurrency Mining Industry

Mining Giant Bitmain Faces “Exit Scam” Allegations ahead of IPO

August 14, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, Investment, News

Bitmain, the Chinese mining conglomerate, is raising eyebrows ahead of its IPO in August 2018 after critics pointed out the firm is holding vast amounts of Bitcoin Cash (BCH). The company’s founder, Jihan Wu, is a popular proponent of the controversial Bitcoin hard fork. Bitmain’s BCH Woes On August 11,...

China’s Central Bank Promotes Blockchain Utility

China’s Ministry of IT Will Speed Up Development of Blockchain Industry

August 14, 2018 by Joseph Young at Bitcoin, Blockchain, Investment, News, Regulation

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...

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Indian Cryptocurrency Regulations Likely to Materialize in December 2018

August 14, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

While the Indian Government has plans to adopt blockchain technology, the much-awaited Indian cryptocurrency regulations will take place later in 2018. It is also important to note that the finance ministry panel is evaluating the proposal to consider blockchain and cryptocurrencies separately. Taking Time to Accept Cryptocurrency The Indian Government...

Bitcoin a Viable Option in Turkey as Lira Decline Continues

Bitcoin Prices Surge in Turkey After Lira Plummets 20 Percent

August 13, 2018 by contributor at Adoption, Bitcoin, Investment, News

On August 13, 2018, cryptocurrency trading surged in Turkey due to the recent plummet in the price of the Lira. As the Turkish government looks to restore investor confidence in the Lira, Koinum, the country’s largest crypto-exchange, announced a 63 percent increase in the trading volume of Bitcoin. At the...

BTCManager’s Week in Review August 13: Bitcoin Moves Below $6,500 Suggesting That New Lows May Be on the Horizon

August 13, 2018 by Alex Lielacher at Adoption, Altcoins, Bitcoin, Blockchain, Development, Exchange, News

Bitcoin Moves Below $6,500 Suggesting That New Lows May Be on the Horizon: BTCManager’s Week in Review August 13 The price of bitcoin dropped by almost ten percent week-on-week, continuing last week’s decline, suggesting that we may not have seen the bottom of this year’s bear market yet. Last week,...

Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

August 13, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Investment, News, Regulation

The Crime Suppression Division (CSD) of the Thai police have clamped down on a group of fraudsters who orchestrated a Bitcoin scam scheme that succeeded in swindling Aarmi Otava Saarimaa, a 22-year old Finnish national, of over 5,000 bitcoins, as first reported by the Bangkok Post on August 13, 2018....

Peter Thiel and Reid Hoffman: Crypto is Libertarian and AI is Communist

August 13, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Development, News, Tech

Peter Thiel and Reid Hoffman, the two original members of the PayPal Mafia, engaged in a rigorous debate at Stanford University in early 2018 concerning the relationship between technology and politics. The discussion was focussed on decentralized and centralized technologies like cryptocurrencies and artificial intelligence, and how their underlying technical...

Incentives Tokens, Priveleges, Rewards, and Penalties in Cryptoeconomics

Incentives: Tokens, Privileges, Rewards, and Penalties in Cryptoeconomics

August 13, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Mining

Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto's creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant...

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