ICOs Opening Doors to Blockchain, Investment in Africa

The price of the top digital currency is well above the means of many, especially in Africa. A Bitcoin in Nigeria, for example, is now worth over N3 mln. This is a far reach in a country where half of its approximately 200 million people live on less than N800 (about $2) a day. UNDP puts 50.9% of Nigeria’s population as multidimensionally poor. An additional 18.4% of the population is considered to be nearly so. Nigeria’s current minimum wage stands Read more …

Bitcoin Boom Draws Record Number of Indian Investors According to Exchanges

India-based digital currency exchanges have claimed that the number of Indian investors who registered in their platforms to buy Bitcoin has increased considerably in the past few weeks as the value of the leading cryptocurrency surpassed the $11,000 level on November 29. The unprecedented rise in the number of investors who want to invest their money in the most popular cryptocurrency was observed despite rumors that the country’s central bank may declare Bitcoin and other cryptocurrencies as illegal. According to Read more …

Malta Bitcoin Schizophrenia: Government and Banks Send Mixed Signals

Featured Malta Financial Services Agency (MFSA) has issued its Discussion Paper on Initial Coin Offerings, Virtual Currencies and related Service Providers, “to present to the industry a proposed policy to be adopted by the MFSA for the regulation of the ICOs, [cryptocurrencies] and service providers involved in ICO and/or other VC activity.” It’s a welcome sign for the country’s bitcoiners after its oldest bank effectively banned all bitcoin transactions. Clearly there is a tension between Malta’s legacy financial Read more …

Bitcoin Is an Emerging Systemic Risk

Preston Byrne is an independent consultant and founder of Tomram LLC and the former chief operating officer of Monax Industries, an enterprise blockchain software vendor. Recent news stories make it pretty clear that the new people in bitcoin have no idea what they’ve gotten themselves into. Bitcoin is the Gom Jabbar of high finance. Cypherpunks who have populated the space to date hold the line because they do not care about money, and therefore do not fear. These new people Read more …

CryptoKitties Game Launches On The Ethereum Blockchain

CryptoKitties is an interesting new gaming experiment for desktop computers, allowing users to breed, collect and trade virtual cats on the Ethereum Blockchain.   Cats and the internet would appear to be synonymous, so it comes as no surprise to see cutting edge technology and technologists embracing our feline friends as part of their development focus. CryptoKitties, which launched earlier in the week attempts to gamify the experience of using the Ethereum blockchain, aiming to entertain and hopefully inform users Read more …

Ethereum Remains Above Key Support After Breaking $500

Along with Bitcoin, Ethereum had a crazy day this week. Although Ethereum had a more predictable correction right to the previous resistance level of 395. We were expecting the pullback because Ethereum tends to have a pullback every time it reaches new highs. ETH/USD Technical Analysis ETH/USD reached a new high of $480 last week. After consolidating in that area for four days, it rode on the Bitcoin mania and reached a predictable level on Wednesday.  ETHUSD Technical Analysis We Read more …

Why Slowing ICO Avalanche Benefits Blockchain’s Image

The onset of Blockchain into the world’s financial markets has brought with it many new ideas, introduced rapidly to wide-eyed market participants over the last few years. Despite how far we’ve come, however, all the progress we can currently boast about was predated by a simple product called Bitcoin. Revolutionary at the time (and still today), Bitcoin showed people that a safe financial ecosystem is possible without centralized authority figures, and that cryptocurrency is a great way to invest and Read more …

ICOBox’s Clients Have Raised $200 Million through ICOs

ICOBox, a premier provider of fixed-price SaaS ICO solutions founded earlier in 2017, has helped its clients collect over $200 million via their ICOs in the first five months of its operations. And there’s more to come – a number of ICOs are still in progress, so the final total will be even higher. Although the advent of ICO technology has significantly simplified and streamlined the process of finding supporters, it still requires significant resources. To address this issue, ICOBox Read more …

New $100 Million Cryptocurrency Hedge Fund to Use XRP

Altcoins TechCrunch and CrunchFund founder Michael Arrington has announced he is going all in on cryptocurrency investments with a new hedge fund called Arrington XRP Capital. As the name suggests, the fund will be managed in Ripple’s XRP but it will invest in a wide variety of cryptocurrency assets and Initial Coin Offerings (ICOs) as well as private equity offerings. Also Read: Bitfinex Faces Further Scrutiny Over Tether Liquidity Concerns $100 Million in XRP Investments According to Arrington, Read more …

Bitcoin Cash Devs Reveal Mid-Term Roadmap

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bigger blocks, shorter block times: those are the biggest takeaways from the mid-term roadmaps released this week by Bitcoin Cash developers. Bigger Blocks & Shorter Intervals Recently, representatives from a variety of Bitcoin Cash software development teams met in London to discuss their vision for the future of the cryptocurrency now that it has successfully established itself as a market heavyweight. This week, several of those teams Read more …