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Tag: altcoin news

CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders

Category: Adoption, Altcoins, Bitcoin, Business, Exchange, Finance, News

CoinSmart Launches a Simplified Crypto Exchange for Canadian Crypto Traders

A new crypto exchange dubbed CoinSmart has opened shop on July 10, 2018, in Canada to address rising interest in cryptocurrencies among the Canadian population. Making Life Easier for “Crypto Curious” Community The exchange that comes with a tagline “you can actually understand” has capabilities of getting coins at one click, making crypto trading easy, offers 24 hrs support and…

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Barry Silbert’s Grayscale Investments Cryptocurrency Fund Sees Green despite Bitcoin Price Slump

Category: Altcoins, Bitcoin, Commentary, Ethereum, Interviews, News

Barry Silbert’s Grayscale Investments Cryptocurrency Fund Sees Green despite Bitcoin Price Slump

While bitcoin and other cryptocurrencies have experienced a significant drop in price since the beginning of the year, the story is entirely different for Barry Silbert’s Grayscale Fund as the firm has seen quite exponential growth so far, due to massive investor interest in its crypto-linked investment offerings, as stated in its report for the first half 2018, published this…

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Canadian Fund Hodls Mostly Cash rather than Bitcoin

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News

Canadian Fund Hodls Mostly Cash rather than Bitcoin

Rivemont Investments’ Rivemont Crypto Fund only had nine percent of its assets in bitcoin as of July 13, 2018, with the rest, a whopping 91 percent, in Canadian dollars. For the record, the Rivemont Crypto Fund’s assets amount to C$3 million ($2.3 million). Investors Could Return if Bitcoin Price Rises The company launched the Rivemont Crypto Fund on December 14,…

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Korean Blockchain Association Gives 12 Local Cryptocurrency Exchanges Clean Bill of Health, Insurance on the Horizon

Category: Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

Korean Blockchain Association Gives 12 Local Cryptocurrency Exchanges Clean Bill of Health, Insurance on the Horizon

In a bid to improve the security level and general standards of cryptocurrency exchanges in South Korea, after a series of hacks and heists rattled the local cryptospace, the Korean Blockchain Association (KBA) formulated a set of stringent guidelines that would govern exchanges and crypto-related projects in the state. Partially Approved Now, the regulatory think tank has approved 12 exchanges,…

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Cryptocurrencies Provide Humanitarian Aid to Conflict-Ridden Venezuela

Category: Altcoins, News

Cryptocurrencies Provide Humanitarian Aid to Conflict-Ridden Venezuela

The appalling economic crisis in Venezuela serves as a robust litmus test of peer-to-peer digital currency transfer mechanisms. Ongoing crypto aid efforts must be encouraged to help a “dire humanitarian situation.” Circumventing Corruption with Cryptocurrencies On July 11, 2018, Forbes cited a Center for Strategic and International Studies (CSIS) report which highlighted the use of cryptocurrencies in providing aid to…

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Cryptocurrencies Defeat Corruption in Venezuela: Reddit User Purchases Food for Community with NANO Donations

Category: Altcoins, News

Cryptocurrencies Defeat Corruption in Venezuela: Reddit User Purchases Food for Community with NANO Donations

Although cryptocurrencies are widely regarded as a lucrative investment vehicle, it is easy to forget the original function of the decentralized assets: that of being a store-of-value quarantined from corruption and state interference. Recently, several families in Venezuela were able to receive much-needed food via cryptocurrency donations. Economic Background Once among Latin America’s wealthiest nations, Venezuela faced the front pincers…

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Housing the Homeless: Venezuela Set to Build Homes with Petro Cryptocurrency

Category: Altcoins, News

Housing the Homeless: Venezuela Set to Build Homes with Petro Cryptocurrency

Despite initial criticisms that threatened to fire down Venezuelan President Maduro’s oil-backed crypto initiative, the Petro appears to be waxing stronger with each passing day. Now, the state’s authorities are set to build homes for the homeless with the altcoin funds. The Maduro Dream According to a Venezuelan news source, Telesur, the South American nation is looking to finance a…

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“Cruelty-Free Cryptocurrency” VeganCoin Aims to Create an Ecosystem for the Vegan Lifestyle

Category: Altcoins, News

“Cruelty-Free Cryptocurrency” VeganCoin Aims to Create an Ecosystem for the Vegan Lifestyle

The infamous Initial Coin Offerings were envisioned as a novel method of raising money for blockchain-based projects. However, the concept has since morphed into a means of fundraising for just about any business, with VeganCoin setting the latest example of such an undertaking. A Support System for Vegans After establishing the Vegan Nation restaurant in 2018, CEO Isaac Thomas and…

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Third Lawsuit Served to Ripple on Allegations of Artificially Inflating the XRP Token

Category: Altcoins, Business, Finance, News

Third Lawsuit Served to Ripple on Allegations of Artificially Inflating the XRP Token

Blockchain-based payments processor, Ripple, was served a court notice in June 2017 for potential security fraud, their third notice in three months. Ripple Hit by Lawsuits The latest suit reveals that an investor in Ripple’s native token, XRP, holds the company responsible for insider-trading, inflating the value of their token, and maintaining their stance on not being involved in XRP…

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Taiwanese Chipmaker Lowers Revenue Forecast as Cryptocurrency Mining Loses Charm

Category: Altcoins, Business, Finance, Mining, News, Tech

Taiwanese Chipmaker Lowers Revenue Forecast as Cryptocurrency Mining Loses Charm

Taipei-based computing chip and motherboard manufacturer Gigabyte Technology Co., Ltd. has lowered its revenue forecast for the remaining half of 2018 citing low demand from cryptocurrency miners, Capital Investment Management Corp. stated in June 2018. Cryptocurrency Mining Losing Sheen? A report on Taipei Times on July 2, 2018, confirmed the company’s negative outlook for the cryptocurrency mining sector. While 2017…

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