Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions. Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. Some countries have sanctions imposed on them by the USA and many European nations. Several experts believe that certain countries may be bypassing international sanctions by using decentralized cryptocurrencies.
CNBC’s cousin, CNBC Africa, has produced its own cryptocurrency segment, with its host appearing on CNBC’s Fast Money yesterday to discuss his opinions on the top four cryptocurrencies. Cryptocurrencies are a worldwide phenomenon, with people from America to Zimbabwe getting involved in one of the world’s fastest-growing industries. Africa has long proven itself to be a popular place for cryptocurrency growth and adoption, with many African consumers adopting cryptocurrencies in their daily lives. Some speculate
Lithuanian cryptocurrency payment processor CoinGate has become one of the first industry businesses to offer Lightning Network (LN) settlements for Bitcoin. CoinGate: LN ‘Without Doubt Most Awaited Bitcoin Network Upgrade’ In a post on Reddit, CoinGate, which has operated since 2014 but saw over half its transaction volume this year, confirmed it was operating LN in a “sandbox environment” while “intense testing” continues. “Lightning Network is the next major technological innovation in the Bitcoin space.
Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins. Bitcoin’s ‘Moved On’ From Hard Forks Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.” All coming after the network’s first
A Reddit user with the username Cryptogreetings put up a puzzle on the platform offering one BTC to anyone who can solve it. Redditors have thronged the thread trying to crack the code and win the prize. The post is currently one of the trending topics on the Bitcoin subreddit. Details of the Puzzle The puzzle is an image with words, numbers, the Bitcoin logo, and other symbols. Within the image are possible clues. Most
UK financial platform LMAX has suddenly entered cryptocurrency with the launch of a new exchange solely for institutional investors. CEO: Crypto ‘Coming Of Age’ According to a press release May 21, eight-year-old LMAX, which is regulated by the UK’s Financial Conduct Authority (FCA), is seeking to “further legitimize” cryptocurrency’s reputation in traditional investment circles. “The rise of institutional trading of cryptocurrencies will be a game-changer for the industry… Digital currencies are, without a doubt, coming
Initial Coin Offerings (ICOs) have become the hottest way of raising capital, but at least one in five has turned out to be a scam, according to a new study. 1 in 5 ICO Projects are Scams The number of Initial Coin Offerings (ICOs) has gone through the roof throughout the last year as their underpinned technology, the blockchain, received mass media exposure and starts to see widespread adoption. Yet, being comparatively easy means of
Louis Ong, a Vancouver-based bitcoin trader, has been sentenced to 20 days in a U.S jail for unlicensed cryptocurrency trading. Ong was apprehended as part of a sting operation by Federal agents. Apart from jail time, Ong must also forfeit about $1.1 million worth of bitcoin and cash. The Sting Operation Ong first appeared on the Department of Homeland Security’s (DHS) radar in 2016 after he posted an online ad about his bitcoin trading business.
Parity, the wallet and blockchain provider, is shutting down its PICOPS platform effective May 24, 2018, due to complications stemming from the new EU GDPR guidelines. The company announced the decision in a blog post on its website on May 18. PICOPS: The Latest Casualty of the New EU GDPR The General Data Protection Law (GDPR) of the EU is causing problems for blockchain and cryptocurrency. Part of the fundamental principle of the blockchain is
The Smart Justice service is an innovative and community-driven way to resolve disputes in the crypto industry. Top-50 FinTech company, BANKEX, launched the beta version of its service on the 14th of May as a way to introduce complete partiality during these disputes. There is no doubt that blockchain technology has the potential to drastically change our lives. It offers security, immutability and a high level of transparency. It also an essential part of creating a
CoinCheck has plans to remove 3 privacy coins – Monero, Dash, and Zcash – from their platform along with an ERC-20 token which elicits gambling on a non-regulated platform. Cryptocurrency Privacy: Is It Under Attack? Coincheck has just announced that they will be ceasing the trading of 4 cryptocurrencies on their platform. These currencies being Monero, Dash, ZCash, and Augur, listed in order of market capitalization. Coincheck plans for the delisting of these projects to
The cryptocurrency market continues to be a trending topic in the world of finance. However, the question remains; when will Wall Street banks begin crypto trading? The day is closer than we think, according to a former J.P. Morgan executive. Big Banks to Start Trading Cryptocurrency Soon Amber Baldet, formerly of J.P Morgan believes that the big banks will soon start trading cryptocurrency. She made this declaration during an interview with CNBC. According to her,
The long-awaited AirPod ICO is finally taking off! The team has announced that its pre-sale is going to start on May 29, 2018. The project introduces a revolutionary sleeping pod intended to improve your travel experience while at the same time providing you with means for stable yet profitable passive income. A Breakthrough Sleeping Pod AirPod Sleeping Pods will provide you with a reprieve from the hassle and bustle of the airport, allowing for a
After receiving incredible and record-breaking rankings on all relevant listing platforms, more and more people have become intrigued by Kepler’s groundbreaking ideas and visions in regards to a future shaped by a combination of robotics, artificial intelligence, and the blockchain. There are only two more days until Kepler’s pre-sale finally begins — which will last from May 22nd until June 5th. Invest in Innovative and Disruptive Ideas Everyone will be able to participate in Kepler’s
The tech world moves at a breakneck pace, which means that talent development is a constant concern in Silicon Valley and other innovation hubs. Skills that may be relevant one day are obsolete the next. Though different sources disagree on the size of the tech worker shortage, everyone agrees that one exists, particularly in specialized skill areas. Plenty of people aspire to fill these roles, but they often lack the education or connections to do
Morgan Creek Blockchain Capital is taking tokenization to the next level. The VC firm is set to convert paper shares of a company into digital token assets. These assets will then be issued to raise capital for the business. Somewhere Between an IPO and an ICO ICOs emerged as a fundraising revelation for startups in 2017. Many campaigns raised millions of dollars showing that perhaps VCs were a dying breed. However, government regulations seem to
It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even
For decades architects and futurists have dreamed of seasteading, a way of living in floating, green-tech cities on the high seas. Now, thanks to the help of a cryptocurrency, the world’s first pilot project is underway. The Seasteading Cryptocurrency A group of academics, investors, and philanthropists are launching a cryptocurrency to help fund the construction of 300 homes on an artificial island in French Polynesia. Inhabitants of the project will test the feasibility of seasteading while
The state of Colorado is set to join a few others in legalizing Bitcoin political donations. According to local media, the state is currently considering a draft proposal concerning crypto donations for political campaigns. Colorado is Joining the Trend Wayne Williams, the Colorado Secretary of State, submitted the proposal earlier in the week. According to the details of the draft, Bitcoin donations would comply with the same rules as cash donations. Due to the volatility
More and more top brass from traditional financial companies is joining cryptocurrency startups. The latest is an ex-CEO of Visa UK and Ireland. ‘SEAMLESS’ PAYMENTS The former CEO of Visa UK and Ireland has joined a cryptocurrency startup looking to make cards for everyday shopping. Marc O’Brien, CEO of Visa UK and Ireland from 2008 to 2014, was announced as CEO of cryptocurrency payments startup Crypterium on Thursday. Crypterium calls itself a “cryptobank” that lets you pay
Thomas Lee’s predicted post Consensus Bitcoin pop never happened. In fact, the market reversed and is now trading at a monthly low! As usual, investors are wondering where the market will go from here. Market Overview Contrary to popular expectation, Bitcoin failed to rally 69 – 130% after the Consensus conference in New York ended this week. In fact, it pulled back nearly 5% as the cryptocurrency market capitalization sank to $389 billion and it
Tom Lee of Fundstrat Global is standing by his $25K end-of-year Bitcoin price despite the failure of Consensus to cause the much-anticipated crypto price rally. In an interview with CNBC, the analyst offered explanations for why the conference didn’t spark an increase in crypto prices. What Went Wrong Going into Consensus, most of the talk featured the expectation that crypto prices will soar during and after the summit. Based on the pattern of the last
Egretia has teamed up with Egret Technologies, the leading HTML5 company in the world which has a complete development workflow, to combine its products with blockchain technology. It should add several new features to the HTML5 technology, including a payment system and more efficient promotion. With Egret’s tools, Egretia is aimed at bringing two hundred thousand developers and one billion mobile devices to the blockchain world. Egret Technology became a prominent player in the HTML5