Tag: altcoins

Tether (USDT), the world’s first unstable stablecoin has announced the reopening of account verification and redemption of USDT to fiat straight from its platform, according to a press release by Tether Ltd., on November 27, 2018. Tether Staging a Comeback? Tether Ltd., the firm in charge of USDT, the world’s supposedly first stablecoin that stands at 1:1 with the U.S….

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Cryptocurrency is a fairly recent and unregulated market that is becoming a real live lab for algorithmic high-frequency trading as well a battleground for the improvement and development of trading robots. An industry with untapped potential While Wall Street has an ever growing presence of bots, cryptocurrency markets have become a new trading ground to experiment with new techniques and…

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According to a report published by Bloomberg, November 26, 2018, the Bitcoin Network’s hash rate has dropped by a whopping 24 percent from its ATH in late August 2018. This, in turn, could force many small and medium scale bitcoin miners to abandon their mining operations due to the inability to breakeven costs. Falling Hash Rate Forces the Miners to…

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Coincheck digital assets exchange and trading venue have announced the resumption of deposits and trading of Ripple’s XRP and Factom (FCT) altcoins, following its January 2018 half a billion dollar heist, reported Finance Magnates on November 26, 2018. Coincheck Back Alive It appears the storm is over after all for Japan’s Coincheck cryptocurrency exchange, as the embattled trading venue is…

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Leading global consultancy and accounting firm, KPGM, has published a new report that highlights the establishment of cryptoassets as an asset class for institutional investors but also shines a light on the challenges that the institutionalization of cryptoassets is facing. Cryptoassets Are Here to Stay The report is titled ‘Institutionalization of cryptoassets: Cryptoassets have arrived. Are you ready for institutionalization?’…

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The great cryptocurrency crash of 2018 is heading for its worst week yet, with Bitcoin slipping closer to $4,000, extending the Bloomberg Galaxy Crypto Index’s decline since November 16 to 23 percent, Bloomberg reported on November 23. Crypto Markets Suffer Heavy Losses After an epic rally in 2017 that exceeded many of history’s most notorious bubbles, cryptocurrencies have become mired…

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The overly-optimistic forecasts predicting a bitcoin-led era of cryptocurrencies by the end of 2020 are increasingly seeming like a distant fragile dream. More so now than ever as the most popular digital asset in the world has dipped below $5000. This downward spiral of bitcoin, according to many analysts, is due to its “lack of a fundamental value.” Bitcoin is now…

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Japan’s IT behemoth GMO published its Q3 2018 financial report on November 12, 2018, which reveals the company’s “historical performance” in its cryptocurrency business line. According to the report, the firm’s crypto segment earned revenue more than JPY 2.6 billion ($22.8 million) “despite the harsh external environment.” Crunching the Numbers The report shows promising figures for the Japanese internet company….

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CoinText.io, an SMS-based platform that allows users to send and receive cryptocurrencies without a smartphone or internet connection, has added Taiwan, Hungary, Estonia, Puerto Rico, and Slovenia to its growing list of supported regions, according to a press release on October 30, 2018. CoinText Extends Service To More Countries In its quest to spread the gospel of distributed ledger technology (DLT)…

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With billions of people and devices connected to the internet at any given point of time, online security has perhaps never been this crucial. Despite all the vulnerabilities the approach implies, sensitive data – including personal identities and financial records – is still stored on centralized servers accessible via password authentication. While most companies do their best to curb cyber…

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