Various industry pundits believe China’s latest move in banning ICO’s does not necessarily mean the end for FinTech companies involved in Blockchain and cryptocurrency ventures. According to a report by CNBC, China’s ban on ICOs may stop many Bitcoin-related crimes and scams and improve the market in the long run. However, the move will definitely not shut down ICOs entirely. Temporary pause, but not a full stop Sasha Ivanov, CEO of Waves, thinks that the move will definitely help Read more …
Conferences The financial ecosystem is changing radically. The Cayman Investment Forum recognizes this, and hopes to address concerns about this new financial world. The founders of the event believe either bitcoin or gold will represent the future store of value. They are pursuing this thought by having their elegant conference focus on the monetary paradigm shift and the failing US dollar. The event falls on October 11 at the Cayman islands. Also read: Overstock Launches ”SEC Compliant” Read more …
The investment banker Jamie Dimon caused a stir when he declaredrecently that Bitcoin will collapse because it is “worth nothing.”Bitcoin’s current market value, he claimed, is driven almost entirely by speculation,rather than by any real and present intrinsic value that Bitcoin actuallyprovides.Casting aside the debate over whether Bitcoinhas intrinsic value or not, it seems fair to say that Dimon doesn’t know thecryptocurrency market well. If he did, he might have noted that Bitcoin is onlyone of dozens of major tokens Read more …
The SEC has brought what appears to be its first charges against a company utilizing the initial coin offering (ICO) fundraising model. In a press release issued late today, the U.S. securities regulator charged two companies and their founder, businessman Maksim Zaslavskiy, with violating anti-fraud and registration provisions of federal securities laws. Allegedly, Zaslavskiy sold cryptocurrencies backed by assets that did not exist in two token sales, one for a project called Diamond Reserve Club World, and the other for Read more …
Dan Wasyluk discovered the hard way that trading cryptocurrencies such as bitcoin happens in an online Wild West where sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. Just months later the exchange collapsed; the man behind it is now awaiting trial in Britain on fraud and money-laundering charges. He has pleaded not guilty. Wasyluk’s project lost 750 bitcoins, currently Read more …
The head of the International Monetary Fund (IMF) believes that cryptocurrencies may give traditional government-issued ones a “run for their money.” Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks “it may not be wise to dismiss virtual currencies.” Notably, she outlined possible scenarios in which a country – particularly those with “weak institutions and unstable national currencies” might actually embrace one more directly. “Instead of adopting the currency of another country – such Read more …
The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. * BTC/USD, ETH/USD and LTC/USD market data is provided by the HitBTC exchange. Japan is unperturbed with its neighbor’s crackdown on cryptocurrencies. While Chinese exchanges are stopping trading from this month’s end, Japan has granted 11 cryptocurrency exchange licenses. In the US, Keith Read more …
Snip, the first completely decentralized news platform, will be launching its ICO on September 29, 2017, at 11 PM UTC. This follows an extremely successful pre-sale in which they managed to raise nearly $4 million. The Future of News on the Blockchain News is dead. That is the first sentence of Snip’s whitepaper and it has never been truer than in today’s climate of “fake news” and information overload. A handful of corporations get to decide what is deemed “newsworthy” Read more …
Japan’s largest1 Bitcoin and blockchain company, bitFlyer, Inc. (“bitFlyer”, HQ: Minatoku, Tokyo; CEO: Yuzo Kano), announced its official recognition by the Japan Financial Services Agency (FSA) as a registered virtual currency exchange23. bitFlyer was founded in January 2014 and launched its virtual currency exchange services in April of the same year. In just four years, alongside the rapid growth in the virtual currency market, bitFlyer has grown to over 800,000 users and a monthly trading volume of over 1.5 trillion yen. Read more …
The virtual reality parks operator ARena Space is announcing an Initial Coin Offering (ICO) launch for its global market entry. The Pre-ICO will start at the end of September 2017. The company aims to raise $600K. The ICO will start in November 2017, with a target goal of between $3.35M and $30.35M. The investments will be directed towards the opening of between 5 and 15 large entertainment parks, each with an area of at least 500 sqm, and the development Read more …
News GMO Coin, a subsidiary of the Japanese Internet services giant GMO, has enabled bitcoin cash and ether trading, alongside bitcoin. To commemorate the event, the exchange has launched a promotional campaign for each coin. Also read: Russian Regulators Disagree on Crypto Regulation, Postpone to Next Year BCH and ETH Trading Now Live GMO Internet’s bitcoin exchange, GMO Coin, announced on Wednesday that it has enabled the trading of bitcoin cash (BCH) and ether (ETH), citing enough liquidity Read more …
Customer loyalty and engagement are among the most important metrics for measuring modern retail company’s success. To woo potential customers and reward the long-standing ones for their patronage, almost every successful business nowadays employs loyalty programs of some sort. Statistically, you, dear reader, most probably have participated in loyalty programs on several occasions and used coupons, plastic cards and digital notes which had some value within the network of the company that decided to reward its customers. And from personal Read more …