Category: Finance

As the ICO, or initial coin offering, industry is now turning to the Kickstarter of the moment, governments are gazing at this new phenomenon with some concern. In an ICO, a startup sells tokens in exchange for cryptocurrencies. Basically, an ICO is a fundraising method in which companies attract investors looking score some more cryptocurrency by releasing their own coins….

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On September 8, in the Delaware Chancery Court, R3, moved a legal action to its partner Ripple, over the options contract to buy more than $1 billion worth of XRP. As a reaction, in the same day, in a California state court in San Francisco, Ripple sued its partner as well. As a result, the two enterprises are now involved…

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Entering into a joint venture with Digital X, Stargroup will set foot in the Australian Bitcoin ATM market. The two companies will work together utilizing the existing financial infrastructure, bringing two-way Bitcoin functionality to 500 ATMs owned by Stargroup across the country. Broadening the Reach of Two-way Bitcoin ATMs Bitcoin ATMs are growing worldwide, along with the altcoins, which are…

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On the morning of September 4, cryptocurrency markets were rattled by news coming out of China that regulators have announced a ban of future initial coin offerings (ICOs) in the People’s Republic. According to local news outlet Caixin, a working committee tasked with overseeing the country’s digital financial sector has stated that new projects are banned from raising funds through…

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While banks have been largely opposed to the digital currency bitcoin due to its decentralized peer-to-peer nature that threatens banks’ business models, they are not shying away from using bitcoin’s underlying technology, the blockchain, to develop their payment systems. An example of this would be UBS’ new digital currency, the “utility settlement coin” which is set to launch next year…

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Danny Sessoms, host of an Austin-based cryptocurrency radio broadcast, announced on August 27 that he would be accepting cryptocurrency to help victims of Hurricane Harvey. Sessoms has typically partnered with Unsung.org to deliver food to the homeless, but this time he charged his RV with relief stocks and drove to Port Aransas, Texas. He bought hygiene packs, dry towels and…

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Bitcoin’s anonymity or rather, the lack thereof, has become a major talking point in the Bitcoin community and a focus of investigation for law enforcement agencies as well as, as it turns out, the taxman. According to a report by The Daily Beast, the US Internal Revenue Service (IRS) has contracted the blockchain start-up Chainalysis Inc. to use their bitcoin…

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After a meteoric rise in value, the market cap of bitcoin briefly crossed the $70 billion mark, surpassing PayPal by the same metric, the most widely utilized financial network online. Amidst increasing demand from institutional investors and rapid rise in global adoption, the price of bitcoin increased from around $3,400 to $4,400 within a single week. Bitcoin’s market capitalization surpassed…

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Blockchain, the world’s second largest bitcoin (BTC) wallet platform behind Coinbase, fully integrated Ethereum by launching its ether (ETH) wallet on August 17. Users can now trade BTC for ETH directly from its web-based wallet platform through Shapeshift. In a statement provided by Digital Currency Group, the bitcoin-focused investment company which has an ownership stake in Blockchain and ShapeShift, Peter…

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The largest South Korean exchange Bithumb announced on August 21 the addition of the privacy-focused altcoin, monero (XMR). The exchange, which commands more than $900 million in volume daily, plans to open up monero deposits on August 23. Koreans have been pushing a lot of volume into cryptocurrency markets recently. The pump of Bitcoin Cash over the weekend of August…

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