#finance

ADX Partners with Equichain to Provide Better Services Using Blockchain Technology

June 2, 2018 by Pratik Makadiya at Blockchain, Business, Finance, News, Tech

Abu Dhabi Securities Exchange (ADX), has signed a pact with Equichain, a UK-based financial technology company, to see how best to use blockchain technology to bring efficiency to operations of the capital markets. Slicing Intermediary Layers As reported on The National, the aim of introducing blockchain technology to its workflow...

Chinese Capital Rushing into South Korea for Cryptocurrency Businesses

June 2, 2018 by contributor at Business, Finance, News, Regulation, Tech

China’s blanket ban on cryptocurrencies in 2017 took the world by surprise, as the Chinese are usually at the forefront of adoption for newer technologies. However, the move did little to dissuade citizens from investing in the volatile digital asset class, as they resorted to using VPN or a slew...

A wallet with some Ethereum tokens coming out of it, BTCManager examines the options of different ether wallets

Ethereum Wallet imToken Raises $10 Million from IDG Ventures

June 2, 2018 by contributor at Business, Ethereum, Finance, News

While big-name competitors such as Coinbase and Electrum are seemingly the world’s most widely-used cryptocurrency wallets, a lesser known Chinese cryptocurrency wallet called imToken quietly raised $10 million in funding from IDG Ventures on May 30, 2018. The wallet stores over $35 billion in cryptocurrencies, mostly that of Chinese investors....

Someone Sent $99 Million in Litecoin, Costing Just $0.40 in Fees

One Arrow, Two Kills: Litecoin Announces Two Major Developments on May 31

June 2, 2018 by contributor at Altcoins, Business, News, Tech

Litecoin was on a roll on May 31, 2018, as the project’s founder, Charlie Lee, ecstatically tweeted about two major developments for the digital currency; firstly, a major platform upgrade and secondly, TapJets’ adoption of litecoin payments. Litecoin v0.16.0 Launched Announced on its official blog, Litecoin released its much-awaited Litecoin...

Boston College Research: ICO Success is Proportional to Twitter Activity

June 2, 2018 by contributor at Altcoins, Commentary, Finance, News

The monumental rise of Initial Coin Offerings (ICOs) as a form of fundraising in 2017 was undoubtedly impressive, with industry observers expressing both criticism and acknowledgment of the process. Now, the method has been studied in detail by academics, who sought to point out the technique’s incredible success rate in...

Finance Pros Hop On Bitcoin Bandwagon: Dump Wall Street For Crypto

Wall Street Executives are Moving Into Crypto, Optimistic over the Long-Term

June 1, 2018 by Joseph Young at Altcoins, Bitcoin, Ethereum, Finance, News

Executives at Deutsche Bank AG, Goldman Sachs, BlackRock, and Barclays have resigned from their high-paying and stable careers to enter the cryptocurrency market in 2018, after finding better opportunities in the rapidly and exponentially growing blockchain industry. BlackRock Investor’s Story Asim Ahmad, a former trader at BlackRock, resigned from the...

Chile’s Bancoestado Reopens Bank Accounts Belonging to Crypto Exchanges

June 1, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Finance, News, Regulation

Bancoestado, the only state bank in Chile, has reopened the accounts of cryptocurrency exchanges in the country. The move comes after a court directed banks to resume normal banking services to two cryptocurrency exchanges, Cryptomkt and Buda.com. Court Directs Banks to Resume Banking Services Chile’s Tribunal for the Defense of...

What is GameCredits and Is It a Good Investment?

June 1, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Cryptocyclopedia, Ethereum, News, Tech

The crypto asset investment universe has grown into a $330 billion asset class that is composed of a wide range of different digital currencies and tokens. The variety of digital assets is one of the most alluring factors of this new digital asset class. There is indeed something for everyone...

Press Release

LifeTask, the Human Potential Platform, Starts Pre-sale

June 1, 2018 by Guest Post at Press Releases

LifeTask, the first decentralized platform for job searches and staffing, has started LTS token pre-sale. The pre-sale began May 28, 2018, and will last one month, through June 26. Over the last few years, the labor market has changed significantly. Routine, mechanical work is being handed over more and more...

Chinese Authorities Arrest Around 100 People, Recover $267 Million from OneCoin Pyramid Scheme

June 1, 2018 by Priyeshu Garg at Altcoins, Crime, Finance, News, Regulation

Chinese authorities have taken a proactive approach in cracking down the OneCoin pyramid scheme, which has caused havoc since 2016. Nearly 100 people were arrested on May 29, 2018. OneCoin Pyramid Scheme and Crackdown In China, OneCoin followed the moniker Weika Coin and offered investors an opportunity to buy OneCoin...

92 Percent Blockchain Projects Fail Within 1.22 Years, Claims Chinese Report

June 1, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News

Well-known sentiment states that 90 percent of all businesses fail in their first year for a myriad of reasons. Hence, it is unsurprising to find that blockchain businesses face similar difficulties in scaling up, regardless of their jaw-dropping valuations. 92 Percent See the Door An official report commissioned by the...

Polish Cryptocurrency Exchange Platform: BitBay is Moving to Malta

June 1, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News

BitBay, the largest cryptocurrency exchange service in Poland is set to become the latest platform to move to Malta. The decision comes after a series of banking shutouts that have affected BitBay’s ability to conduct its business. The platform was founded in 2014, and it supports 11 cryptocurrencies. BitBay reportedly...

China’s Largest Taxi-Hailing App Will Soon Get a Blockchain-Based Counterpart

June 1, 2018 by contributor at Blockchain, Business, Finance, News, Tech

Weiying Chen, the founder of Kuaidi Dache, announced on May 28, 2018, that a blockchain-run cab-hailing app is in the works. The entrepreneur had previously allied with Didi, another ride-hailing app, and scaled the merged entity to China’s number one ride-hailing company – Didi Chuxing - with a valuation of...

eToro Leads the Cryptocurrency Craze

June 1, 2018 by Nuno Menezes at Altcoins, Bitcoin, Business, Ethereum, Finance, News

Cryptocurrency is becoming a mainstream technology. The rising popularity of cryptocurrencies throughout 2017 has got this new industry on a rush as prices went through the roof while thousands and thousands of new users started joining the ecosystem. On the other hand, bitcoin’s popularity propelled other cryptocurrencies such as Ethereum’s...

ICO Advisory Inwage Launched by Bitcoin Payroll Service Bitwage

May 31, 2018 by contributor at Altcoins, Business, Finance, News

Bitwage, a bitcoin-based payroll system, is creating a technical framework to facilitate the process of launching an Initial Coin Offering (ICO) for traditional businesses. Providing Professional ICO Support Termed InWage, the new advisory initiative will tap into traditional firms that need assistance with holding and developing token sales, as stated...

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