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Ethereum Wallet imToken Raises $10 Million from IDG Ventures

June 2, 2018 by contributor at Business, Ethereum, Finance, News

While big-name competitors such as Coinbase and Electrum are seemingly the world’s most widely-used cryptocurrency wallets, a lesser known Chinese cryptocurrency wallet called imToken quietly raised $10 million in funding from IDG Ventures on May 30, 2018. The wallet stores over $35 billion in cryptocurrencies, mostly that of Chinese investors....

Finance Pros Hop On Bitcoin Bandwagon: Dump Wall Street For Crypto

Wall Street Executives are Moving Into Crypto, Optimistic over the Long-Term

June 1, 2018 by Joseph Young at Altcoins, Bitcoin, Ethereum, Finance, News

Executives at Deutsche Bank AG, Goldman Sachs, BlackRock, and Barclays have resigned from their high-paying and stable careers to enter the cryptocurrency market in 2018, after finding better opportunities in the rapidly and exponentially growing blockchain industry. BlackRock Investor’s Story Asim Ahmad, a former trader at BlackRock, resigned from the...

CryptoKitties Sued For Alleged Trade Secret Theft Relating to Steph Curry Collectible

June 1, 2018 by Joseph Young at Business, Entertainment, Ethereum, News

CryptoKitties, an ambitious Ethereum-based collectibles project developed by blockchain studio Axiom Zen, has been sued by Starcoin CEO Jevon Feinblatt, who accused the CryptoKitties developers of stealing trade secrets and violating a non-disclosure agreement (NDA) signed between the two companies. According to the official lawsuit, the Starcoin team, better known...

What is GameCredits and Is It a Good Investment?

June 1, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Cryptocyclopedia, Ethereum, News, Tech

The crypto asset investment universe has grown into a $330 billion asset class that is composed of a wide range of different digital currencies and tokens. The variety of digital assets is one of the most alluring factors of this new digital asset class. There is indeed something for everyone...

Kyber Network: Decentralized Exchanges Have Low Liquidity, But that May Change

June 1, 2018 by Joseph Young at Altcoins, Blockchain, Business, Ethereum, News, Tech

In an interview with Timothy Tam, former executive at Goldman Sachs and the founder of Coinfi, Kyber Network founder Loi Luu stated that despite high anticipation from the global cryptocurrency community, decentralized exchanges have not been able to achieve high liquidity and popularity. Failed Projects In September 2017, Coinbase co-founder...

eToro Leads the Cryptocurrency Craze

June 1, 2018 by Nuno Menezes at Altcoins, Bitcoin, Business, Ethereum, Finance, News

Cryptocurrency is becoming a mainstream technology. The rising popularity of cryptocurrencies throughout 2017 has got this new industry on a rush as prices went through the roof while thousands and thousands of new users started joining the ecosystem. On the other hand, bitcoin’s popularity propelled other cryptocurrencies such as Ethereum’s...

Bittrex Gets Green Light to Allow Customers to Buy Bitcoin Using US Dollars

May 31, 2018 by Andrew O Malley at Altcoins, Bitcoin, Business, Ethereum, Finance, News

Allaying some of the fears surrounding the impact on Bittrex in case of the implosion of Tether, bitcoin and altcoin exchange announced the acceptance USD fiat deposits for some customers on May 31. One of the main issues that a lot of cryptocurrency exchanges have when it comes to attracting...

Venezuela Bans Imports of Cryptocurrency Miners

May 31, 2018 by contributor at Altcoins, Bitcoin, Ethereum, Mining, News, Regulation

Despite Venezuela’s proactive stance on cryptocurrencies, the country’s international shipping companies passed an official measure on May 29, 2018, stating that cryptocurrency mining equipment will no longer be on the list of “approved shipping items.” Creating Borders in a Borderless Ecosystem According to local reports, the Venezuelan customs authorities would...

Japan on the Verge of Legalizing Initial Coin Offerings (ICOs)

331 Crypto Investors in Japan Made Profits of at Least $1 Million in 2017

May 30, 2018 by Andrew O Malley at Altcoins, Bitcoin, Ethereum, Finance, News

2017 was a year in which many crypto millionaires were made across the world. Thanks to the explosion in the values of most digital currencies, investors saw significant gains from their investments. $380 Million in Taxes Outside of Employment Reports from Japan indicate that 331 crypto investors made profits of...

Loom Network Launches Zombiechain, a Dedicated Sidechain for Ethereum DApps

May 30, 2018 by Rahul Nambiampurath at Blockchain, Entertainment, Ethereum, News, Tech

To reduce the load on Ethereum’s blockchain, Loom Network has introduced Zombiechain, a sidechain geared toward decentralized applications (DApps). There have been instances in the past when the popularity of a decentralized application such as CryptoKitties has managed to slow down the entire network. The number of pending transactions on...

The Taylor Cryptocurrency Trading App Losses Funds to Cyberpunks

May 30, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Crime, Ethereum, Finance, News

In what has been termed a highly coordinated attack, the Taylor cryptocurrency trading assistant platform has lost a whopping $1.5 million worth of ether (ETH) and its TAY altcoin to hackers on May 22, 2018. Taylor Hacked Of a truth, crypto-related businesses and exchanges have been investing massive sums of...

Research: Smaller Cryptocurrencies like Bitcoin Private are Trivial to 51 Percent Attack

May 30, 2018 by contributor at Altcoins, Bitcoin, Commentary, Ethereum, News, Tech

While blockchain technology is famous for its secure, immutable framework, the thousands of overlying cryptocurrencies do not display equal characteristics. A recently conducted research goes on to show the depths of this concerns and concludes that a billion-dollar cryptocurrency network could be brought down with a few million dollars, and...

EOS Accused Of Ethereum (ETH) Price Manipulation Ahead Of Mainnet Launch

May 29, 2018 by Priyeshu Garg at Altcoins, Ethereum, Finance, News

On May 27, 2018, a Reddit user TraderJoeSmo on the r/Ethtrader subreddit raised the alarm about a suspected artificial lowering of the market value of ETH by a competitor cryptocurrency, EOS. A few hundred comments later, it was evident that EOS had indeed contributed in some way to fuelling the...

Cross-chain, Secure Cryptocurrency Swaps Made Possible by Faast and Trezor

May 28, 2018 by contributor at Altcoins, Bitcoin, Ethereum, Finance, News

You can now swap between bitcoin and altcoins within hardware wallets like Trezor thanks to the integration of cryptocurrency portfolio app Faast. The rising use of cryptocurrency is marked with a proportional increase in their theft, with over $1.3 billion worth of cryptocurrency stolen in 2018 alone. Undeniably, the safest...

Ethereum’s Rapidly Increasing Blockchain Size Sparks a Debate About Decentralization

May 28, 2018 by Rahul Nambiampurath at Commentary, Ethereum, News, Tech

The increasing size of Ethereum blockchain could soon become a potential problem. Miners running Ethereum full nodes have reported difficulties in synchronizing them. One miner, for example, pointed out that their geth node running the latest version 1.8.1 fails to sync the last 65 blocks. Another complaint read that the...

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