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In India, Ethereum’s the New King of Cryptocurrency, not Bitcoin

April 7, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Ethereum, Finance, News

Once upon a time bitcoin took the world by storm with thousands of people asking Google 'what is bitcoin?' Every blessed day. Some of these crypto greenhorns didn’t even care much or also know the existence of altcoins. However, all that is changing now as the world has started warming...

$300 Million Bitcoin Scam Unearthed In India

April 7, 2018 by contributor at Bitcoin, Finance, News

The bitcoin fraudulence around the world don’t seem to cease any time soon, and this time, its struck India. Amit Bhardwaj, director and mastermind of a bitcoin mining company has been recently arrested for setting up an elaborate multi-level marketing scam to the tune of $300 million. Under this ‘scheme,’...

Canadian Tech Firm Purchases Cryptocurrency Mining Firm in All-stock Deal

April 7, 2018 by contributor at Altcoins, Bitcoin, Business, News, Tech

For a price of $106 million, cryptocurrency mining firm CryptoGlobal Corp is being acquired by Canadian technology company, HyberBlock Technologies Corp. The deal is an all-stock valued one. HyperBlock also recently completed the purchase of one of North America’s largest U.S.-based crypto mining and hosting facilities. Combined with the agreement...

Startup BlockFi Offers Crypto-backed Loans to Borrowers

April 6, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Finance, News

New York-based startup Blockfi has become the latest member to provide crypto-back loans. Like SALT, ETHLend, Othera, Everex, and Unchained Capital, BlockFi offers options to lend and borrow fiat currency with cryptocurrencies as collateral. Collateralization of cryptocurrency assets allows borrowers to hold onto their cryptocurrency assets instead of selling them,...

Skype is Now Part of the Crypto Action

April 6, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, News, Tech

Trading houses have resorted to Skype calls to enable the buying and selling as well as lending of virtual currencies in over the counter trading that moves hundreds of millions of dollars daily. Over the last five years, numerous traders, wealthy private investors, miners and now hedge funds have enabled...

Trademark Lawsuit Filed by Alibaba over Dubai Firm’s ‘Alibabacoin’

April 6, 2018 by contributor at Altcoins, Business, Finance, News, Regulation

You’d be forgiven if you came across “Alibaba Coins” and considered it to be another of Jack Ma’s brainchild. Truth be told, the actual Alibaba Group Holding Ltd. (BABA.N) sued the Dubai-based firm who were profiting from their name. The profits are no joke either, as the fraudulent company used...

Bad Actor’s Illegally Acquired Bitcoin Wealth Seized by UK Authorities

April 6, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News, Regulation

Even with the slump in the price of bitcoin and other cryptocurrencies, digital assets remain a hotcake for cybercriminals and bad actors. Gabriele Pearson is the latest bad guy in the British crypto space. PayPal for Bitcoin According to V3, UK resident Gabriele Pearson has succeeded in adding his name...

Australian Cryptocurrency Exchanges Get ‘Softly’ Regulated

April 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

The Australian financial authorities have informed all virtual currency exchanges operating in the region that with effect from today April 3, 2018, they must all start making efforts to fulfill their regulatory obligations. AUSTRAC Regulation Australia is one of the countries with a vibrant cryptocurrency ecosystem. In a prime example...

Longfin Shares Plunge as SEC Watchlists the Firm

April 6, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Business, Ethereum, Finance, News, Regulation

FinTech firm Longfin Corp. has just suffered a severe setback. On April 2, 2018, the Reg A+ company released its annual report confirming that the enforcement division of the U.S. Securities and Exchange Commission (SEC) is investigating its trading practices. As you can probably guess, a backlash was inevitable. Picking...

Markets Unfazed By Abra’s Litecoin Announcement, Users Find Flaws

April 6, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

In the past week, AmEx-backed Abra announced using the Litecoin smart contract system for use in its cryptocurrency payment application. The market reacted positively towards this news, but only for a few hours, following which Litecoin (LTC) prices went into a nosedive. BTCManager tells you why. “Partnership” with an Open-Source...

HouseHodl World's First Blockchain-Based Platform For Real Estate Bitcoin Payments

HouseHodl: World’s First Platform for Purchasing Real Estate with Bitcoin Payments

April 5, 2018 by Nuno Menezes at Bitcoin, Business, News

Bitcoin has already reached the mainstream adoption and every day more, and more industries are starting to accept it. Since the recent surge in the bitcoin price, many companies began to understand the real potential of digital currencies. The real estate industry was one of the first industries to see...

Trezor Confirms Upcoming Cashaddr Support for Bitcoin Cash

April 5, 2018 by Cindy Huynh at Altcoins, Finance, News, Tech

Hardware wallet Trezor recently announced via Twitter on April 1, 2018, that Cashaddr support for Bitcoin Cash is currently in development. The recent confirmation is a big step forward for Bitcoin Cash (BCH), considering Trezor is one of the most popular hardware wallets in the cryptocurrency industry. Bitcoin Cash is...

U.S. Federal Governor Calls Out Cryptocurrencies, Terms it ‘Extremely Volatile!’

April 5, 2018 by contributor at Altcoins, Bitcoin, Commentary, News

With all the talk that surrounds crypto’s nature on a daily basis, the most recent term to be associated with it is “extremely volatile.” On Tuesday, the digital currency got called out for their extreme volatility by one of the members of the Federal Reserve’s board of governors. Owing to...

Menlo Ventures Going in With BitPay’s $40 Million Financing Round

April 5, 2018 by Gil Davis at Business, Finance, News

We’re still in the early days of actually using cryptocurrencies for anything besides investment assets. The continued expansion of the crypto-scene will require more mainstream use of the currency in ways outside of the standard buying and selling on the dips and peaks of the volatile new market. One of...

What is Numeraire and is it a Good Investment?

April 5, 2018 by Alex Lielacher at Cryptocyclopedia

The blockchain is poised to disrupt a wide range of industries. One industry that not many are aware of is also experiencing blockchain is the hedge fund space. While there are a number of hedge funds that have recently been launched in order to invest specifically in crypto assets, they...

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