Tag: altcoins

Sportsman-turned diplomat and promoter of PotCoin, Dennis Rodman’s diplomatic breakthrough pushed the price of the digital currency after a political appearance. A Pot of Cannabis PotCoin aims to create a native cryptocurrency for the legalized marijuana industry and witnessed a price gain of more than 24 percent after Rodman’s appearance in Singapore at U.S. President Donald Trump’s meeting with the…

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DB Schenker, a multi-billion dollar logistics behemoth with annual revenues of $23 billion, is collaborating with China-based blockchain project VeChain to establish an Internet of Things (IoT) and supply chain network on the blockchain. First Supply Chain Blockchain Application Commercially On June 12, 2018, VeChain Foundation announced it had co-developed an IoT-enabled blockchain network for enterprises with DB Schenker. As…

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A new wave of cryptocurrency startups and businesses are experiencing rapid growth by targeting the more familiar end of the cryptocurrency value chain in a reprisal of the famed “49er” model of entrepreneurship. Businesses are creating value from the cryptocurrency boom without necessarily trading, holding or creating any cryptocurrencies. While some criticise the growth, likening it to the dotcom boom…

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Research shows the first six months of 2018 experienced an increase in women considering cryptocurrency investments, from 6 percent to 13 percent. Females are Financially Informed While demand and interest in cryptocurrencies have fallen over the year, cryptocurrencies have gained more popularity with women. Approximately 20 percent of female millennials are now keen to invest in cryptocurrencies. There was however…

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Canadian authorities have amended the nation’s anti-money laundering (AML) and anti-terrorism funding laws to foster orderliness in the finance and cryptocurrency industries by preventing deceitful individuals from exploiting regulatory loopholes in cryptocurrency exchanges and firms. Canada’s Fraud Crackdown As stated in the draft published by Canada Gazette, the Financial Action Task Force (FATF) pointed out some inadequacies in the Anti-Money…

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Protos Asset Management, a leading data-driven cryptocurrency asset management company, recently developed analysis ratios streamline the valuations of cryptocurrencies. Using Data to Determine Investing Strategies The company is excited about the advancements made in its valuation models for cryptocurrencies and released a Medium post on April 19, 2018, to discuss and introduce its new crypto-economic ratios which are said to…

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BitTorrent, the operationally-decentralized, peer-to-peer file sharing platform, has been sold to Tron founder Justin Sun for an unspecified amount. BitTronrent? As per a report on Variety, the deal was confirmed in June 2018 after weeks of speculation. Sun is a Chinese entrepreneur earlier known for launching the widely-popular photo sharing application Peiwo in his homeland, before establishing blockchain-based internet protocol…

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South Korean cryptocurrency exchange Coinrail lost approximately $40 million after hackers attacked the company on June 10, 2018. The Great Altcoin Hack Coinrail is a fairly small cryptocurrency exchange and is positioned at 89 in the world according to data collated from CoinMarketCap (CMC). Despite its size, TechCrunch noted that smaller exchanges have a significant number of coins which makes…

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On June 11, 2018, investors converged, many for the first time, on the Metropolitan Pavilion in New York City for the BCI Summit to get a better idea of how to enter the cryptocurrency space. The intrigue of an explicitly finance-focused conference should also be another example of the mainstream interest in the emerging asset class. Despite the financial features…

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Renowned stock market short selling guru Jim Chanos is of the opinion that bitcoin would fail in the event of crisis or instability because the digital infrastructure involved in its use would be impractical. Jim Chanos. Source: CNN Chanos, who achieved fame and notoriety at the turn of the millennium for being the Wall Street analyst who made millions by…

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