• The US Treasury Department has cautioned investors that Venezuela’s Petro could be in violation of Washington-imposed financial sanctions. In December last year, Venezuelan president Nicolás Maduro announced that his government would be creating a digital currency, the Petro. In a country that is rapidly spiraling into a financial abyss, Maduro sees the state-controlled cryptocurrency as a sanction workaround and subsequently, a way to improve the country’s deep economic problems. During his annual message on the

    US Treasury Warns Investors: Venezuela’s Petro Could Violate Sanctions

    | 2018/01/18 1:00 am
  • Tax authorities in Malaysia have indefinitely frozen Luno’s local account used in the country, BitX Malaysia, while they investigate possible tax concerns. London-based cryptocurrency exchange, Luno, has had its Malaysian account frozen pending an investigation by the country’s tax authority, the Inland Revenue Board (IRB). In a statement sent to The Edge Markets, the exchange said: As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification,

    Malaysian Taxman Gives Luno the Cold Shoulder

    | 2018/01/16 11:30 pm
  • The race for supremacy in crypto land changes daily and it is hard to keep up with the high paced markets. Bitcoin is still king as most altcoins can only be traded with it, but the top four below it are duking it out for second, third, and fourth place by market capacity. With three out of the top four exchanges closing their doors to new registrations a couple of days ago it has been

    Ethereum Regains Second Spot, Ripple Plunges

    | 2018/01/09 2:30 am
  • Game studio Chatrobotic announces Fishbank, the upcoming PvP mmo based upon the Ethereum blockchain. After a number of stunning ICOs managed to collect millions of dollars gone to develop their products for years to come, it became quite obvious that the only practical implementation of blockchain technology at the moment is… a digital kitten collectibles game. If breeding and adoring cuties have resulted in congestion of the whole Ethereum network, it is hard even to

    ICO Era Is Over, Meet the New Hype on Blockchain — Crypto Token Wars!

    | 2018/01/08 6:00 pm
  • Tether has switched from the previously used Omni protocol to the Ethereum network, citing lower fees and faster confirmations for the switch. “Tethered” to the Dollar Tethers are a very controversial product in the cryptocurrency space and have been for months on end. They are a cryptocurrency that is backed by traditional fiat currencies, such as the United States Dollar or the Euro. Many exchanges have adopted tethers, as they offer a method of implementing

    Tether Now Supported on the Ethereum Network

    | 2018/01/08 12:30 am
  • Popular petitions are an important part of the political process in Brazil, but current methodology makes them almost impossible to use. Now the country is turning to the Ethereum blockchain for a solution. In many political systems, the voice of the people is often not heard. To combat such a situation, Brazil has an intriguing mechanism embedded within its constitution: popular petitions. Successful popular petitions must be heard within the country’s legislature, but there are

    Sign Here! Brazil Harnessing Ethereum Blockchain for Political Expression

    | 2018/01/07 8:00 am
  • Despite experiencing a slight dip recently, Bitcoin is climbing its way back towards its all-time high after breaking $17,000 today. After taking a hit in recent weeks with a surge in the market for alternative coins (altcoins), Bitcoin appears to have regained its moon-bound trajectory. According to Coin Market Cap, Bitcoin saw a 15% gain over the past 24 hours and reached a daily high of $17,705. While Bitcoin rises in price, however, alternative currencies such

    Bitcoin Gains Altitude While Altcoins Falter

    | 2018/01/05 11:00 pm
  • The start of 2018 has been a bumper one for cryptocurrency with the total market capacity jumping $150 billion in just five days. Bitcoin has remained relatively flat, so it has been the job of the altcoins to boost the total investment, and Ethereum has been leading the way. For the first time a few hours ago, Ethereum reached a thousand dollars during the morning trading session in Asia. Cryptocurrencies have grown so much that

    Ethereum Flows into Four Figures

    | 2018/01/05 10:15 am
  • Bitcoin’s overall market cap share dropped to a record low of 35.8% Tuesday as lackluster growth gave altcoins a major advantage. Ethereum Advances Hook Investors Despite recovering above $14,000, Bitcoin has failed to hold on to prices closer to its all-time highs of $20,000 seen in December. By contrast, investor money has poured back into altcoin markets, with the majority of major assets appreciating dramatically and weathering short-term volatility. At press time, gains were being

    Bitcoin Posts Lowest Ever 36% Market Cap Share As Ethereum Steals Limelight

    | 2018/01/02 1:30 pm
  • An Israeli shell company, Apollo Power, had its stocks soar after revealing that they had harnessed solar power for crypto mining. However, such claims turned out to be exaggerated, and they are now being sued. One of the most intriguing debates about cryptocurrency is the power used in mining and for transactions. Some have said that the total power consumption used by Bitcoin miners is more than the total of 19 European countries. Then there’s

    Israeli Company Sued for Misleading Crypto Mining Statements

    | 2018/01/02 7:45 am
  • South Korea’s biggest exchange Bithumb has led a trading spike in Ethereum Classic (ETC) which saw the altcoin gain 29% in 24 hours Monday. Korean Market Leads 40% Of ETC Charge Handling over 40% of ETC’s 727 million daily volume, Bithumb support fuelled a price reversal towards recent all-time highs above $40. Following a general cryptocurrency market decline last week, ETC had fallen rapidly to below $27 according to cross-exchange data from Coinmarketcap. Unlike many,

    Ethereum Classic Tech Update Sees 30% New Year Price Spike

    | 2018/01/01 11:00 am
  • EOS hype is off the chart, but does the company have the capacity to outperform Ethereum? We answer that question and several more as we do a deep dive into the company, its management, and its business model. It’s easy to proclaim the latest technology the next internet, [insert crypto] killer, or even the next generation blockchain. But will it hold up to the hype? That is the question EOS is about to answer. To

    As EOS Tops $8 Is the Sun About to Set on Ethereum’s Reign?

    | 2017/12/30 5:00 pm
  • This year has been nothing but monumental for cryptocurrencies and the blockchain industry. Maybe we will look back on it in years to come and see 2017 as the genesis of a new way of blending business and technology. 2017 could be seen for crypto as 1995 was for the internet, when things really started to take off. Bitcoin has been around since 2009, although, for many years, it has been seen as largely a

    Crypto Movers and Shakers of 2017

    | 2017/12/30 5:00 am
  • Estonia is well on its way to realizing its dream of building a global nation supported by its e-Residency program and its own cryptocurrency. Digital currencies have definitely taken 2017 by storm. Massive price increases, mainstream adoption and just an overall interest in the benefits of blockchain technology have been some of the key highlights of this year. It’s not just investors hoping to capitalize on these benefits though, governments can also see the advantages

    Estonia Is One Step Closer to Creating a Digital Nation

    | 2017/12/30 2:00 am
  • Ripple just became the world’s second most valuable cryptocurrency. This is a big deal. But why? Is Ripple a good investment? Will banks adopt it? Let’s find out. Why Is Ripple Causing Waves? While Bitcoin and the rest of the top 10 cryptocurrencies are well below their peak, Ripple is enjoying a meteoric rise and is trading at $ 2.22, up more than 49% from this time yesterday. In fact, it just unseated Ethereum as the #2

    Ripple Dethrones Ethereum, Now #2 Cryptocurrency Behind Bitcoin

    | 2017/12/29 4:30 pm
  • The train has left the regulation station as Russia prepares to submit their draft law on controlling regulating the country’s booming crypto industry. The wheels continue to turn as Russia moves forward with its plan to regulate cryptocurrencies and ICOs within the country and to provide a definitive framework for trading in the industry. According to EconoTimes, Russia’s Finance Minister, Anton Siluanov, had this to say: The Ministry of Finance has prepared a draft law,

    Russia Preps Draft Law for Cryptocurrency Regulation

    | 2017/12/27 8:30 pm
  • A cryptocurrency charity event organized for Covenant House Toronto raised three times their goal, netting $70,000 in Ethereum. It’s always amazing what can happen when people have control over their economic decisions. No red tape, no dealing with bank regulations, or dealing with bureaucratic nonsense. People tend to be able to accomplish far more on their own when left unfettered, and this is definitely seen when it comes to charity. Case in point is the

    Crypto Charity Event for Covenant House Toronto Raises $70,000

    | 2017/12/27 4:30 pm
  • MakerDAO has been working towards creating a cryptocurrency that will support a stable, decentralized digital global economy. The result is Dai, the first fully-decentralized stablecoin on Ethereum. MakerDAO was formed three years ago with a big vision of creating a stable, decentralized digital global economy. It has worked its way out of the grassroots to finally launch Dai, a promising cryptocurrency that promises stability in currency valuation. Understanding Dai’s Valuation Dai is currently worth 1 USD.

    Creating a Decentralized Digital Global Economy – Dai Goes Live

    | 2017/12/22 6:00 pm
  • It has been a busy week for popular peer-to-peer lending platform RCN. From announcing new strategic partnerships to upgrading key systems on its platform, RCN is working hard to deliver the best possible services and features to its users. RCN Announces Decentraland Partnership Earlier this week, RCN announced their new partnership with Decentraland, the blockchain-based virtual reality platform where users can acquire virtual land to create and monetize their content. In addition to exploring and

    RCN Partners with Decentraland to Offer Credit Loans on Virtual Real Estate

    | 2017/12/21 12:30 pm
  • The EtherDelta cryptocurrency exchange recently sent out urgent tweets, telling users not to open the site as it had been hacked. If there’s one fact that has been proven over and over again is that as long as there is something worth stealing, then somebody is going to be willing to do so. I’m pretty sure that the first caveman who found a pretty rock probably got clobbered in the head by another caveman who

    EtherDelta Cryptocurrency Exchange Hacked

    | 2017/12/21 3:30 am
  • Almost every single crypto-currency has seen massive gains in the past few months, Ethereum included. But with the recent news about Bitcoin Cash being listed on Coinbase, much uncertainty has been thrown into the market. The Biggest Smart Contract Platform Ethereum has more than tripled in the past three months, with the market price at $255 just three months ago to over $800 today. The rally appears to not be stopping, however, as some exchanges

    Ethereum Price Tops $900 on CEX, Possible Haven for Investors

    | 2017/12/20 11:30 pm
  • December 18, Odessa, Ukraine – Bitconist has learned that on the morning of December 15, Ukranian authorities raided the personal residence and office of Forklog founder and CEO Anatoly Kaplan. A representative of ForkLog, the popular Russian-language crypto news website, reports that Ukranian Security Service (SBU) agents, along with two civilian witnesses, arrived at Kaplan’s apartment in Odessa Friday morning with a warrant. During the execution of the warrant, Kaplan’s premises were searched, during which time

    Scare Tactics and Unlawful Seizure: Ukrainian Security Service Raids Forklog Offices, Seize Ethereum, Bitcoin

    | 2017/12/18 3:15 pm
  • Entrepreneur and venture capitalist Steven Nerayoff has joined the RCN global lending project as a lead advisor. Through his venture capital firms Maple Ventures and Alchemist Ventures, Nerayoff founded several blockchain-based companies. However, he is perhaps best known as the co-creator and token sale architect of the Ethereum project from its infancy. Nerayoff is now part of the RCN team, whose core members are the same talent behind Ripio, the crypto company that was founded

    Ethereum Co-Creator Steven Nerayoff Joins RCN Advisory Board as Their Global Lending Ecosystem Expands Towards Asia

    | 2017/12/15 6:30 am