Tag: altcoins

According to a statement released by the United States Securities and Exchange Commission (SEC) on August 14, 2018, David T. Laurance, the organizer of a fraudulent initial coin offering (ICO) that issued Tomahawkcoins to California residents, has been penalized by the regulatory watchdog. Tomahawk Scam ICO Crushed Per the SEC order, Laurance sold Tomahawkcoins claiming to raise funds for oil…

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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 value. Cryptoeconomics utilizes cryptography to prove or ascertain the properties…

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Cryptocurrency tokens like Bitcoin, Bitcoin Cash, and Ethereum are currently gaining greater acceptance in Washington D.C. as Bob Goodlatte, the chair of the House Judiciary Committee, currently holds between $17,000 and $80,000 in cryptocurrencies. Goodlatte Owns Bitcoin, Bitcoin Cash, and Ethereum According to Goodlatte’s annual financial disclosure, submitted on May 10, 2018, Goodlatte declared that he owned Bitcoin, Bitcoin Cash,…

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Since the creation and release of Bitcoin by Satoshi Nakamoto nearly a decade ago, quite many blockchain developers have been inspired by the success of the pioneer cryptoasset and have gone ahead to create several cryptoassets that fall under categories such as utility cryptoassets, security cryptoassets, and others we shall shed more light on shortly. The Cryptoassets Explosion Did you…

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Gibraltar will become the first football team to compensate their players in cryptocurrency. Next season, the tiny nation between Morocco and Spain will begin paying salaries for their semi-pro team in Quantocoin. Quantocoin Takes the Field Quantocoin, according to its white paper, bills itself as an asset with “immediate liquidity” as well as offering its services to unbanked customers. The…

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Following months of background work and speculation, a decentralized prediction protocol built on the Ethereum blockchain has gone live. True to stereotypical internet culture, it is already hosting some extremely controversial content. Augur, the Ethereum-based prediction protocol which launched recently, permits users to create and bet on prediction markets for any real-world events with no censorship or centralized oversight whatsoever….

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Cryptocurrency wallet and card provider, Wirex, added a Ripple (XRP) wallet to their portfolio on July 23, 2018, making the London-based company among the few to offer XRP tokens for accessible public use. Wirex Adds XRP Supported Cryptocurrencies Wirex has an estimated 1.7 million clients in over 130 countries and offers cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum, along with…

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Blockchain-based payments startup, Ripple, released its Q2 2018 report on July 24, 2018, detailing several insights into the company’s performance. The report shows, among other things, that the company sold $75.53 million in XRP tokens in the midst of low volatility in that period. Implications for Ripple Ripple has long inhabited a single part of the cryptosphere and has been…

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A year after the initial cryptocurrency gold rush, we are now seeing a new mutation of the phenomenon: celebrities promoting crypto. From Dennis Rodman wearing a Potcoin t-shirt on CNN, to Steve Bannon’s mention of creating a “deplorable coin,” it remains to be seen if fame can equate to fortune in the era of digital currencies. There is no doubt…

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While crypto enthusiasts pray for the bulls to reign at all times, sometimes a bearish trend comes with cool advantages. Per recent research findings, cryptojacking has become less lucrative for ‘cryptojackers’ due to the current market slump, leading to a sharp decline in occurrences of the illegal act. Meager Rewards According to a research report by Malwarebytes, a cybersecurity firm…

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