Month: January 2018

The traditional diversified portfolio of investments will have a host of assets in varying risk brackets, but for a traditional investment, officer cryptocurrencies could seem too speculative to be part of any portfolio with a wealth preservation focus. The caveat is that while not all cryptocurrencies are guaranteed to stick around forever, there are still profits to be made by a savvy investor that chooses a long term winner early on. Money to be made An investment officer from Credo Read more …

Bitcoin startup Blockstream has released a micropayment processing system that it claims makes it simpler to build bitcoin apps on top of its Lightning Network. Called Lightning Charge, the system complements Blockstream’s existing Lightning Network implementation “c-lightning” and is intended to make life easier for developers creating Lightning-powered payments applications, the firm said. According to a company blog post: “Together, these additions make it easy for developers to use c-lightning to create their own, independent web-payment infrastructures.” Lightning Charge is written in Read more …

With all cryptocurrency markets tanking in value, it is evident there will be some big changes. More specifically, some currencies are all but crashing to the ground as we speak. BitConnect, the infamous Ponzi Scheme, is finally meeting its demise, by the look of things. Thanks to the recent price declines, the value of BCC dropped by over 80%. Moreover, the native exchange has closed its doors and the subReddit is turned to private. Good riddance, according to many cryptocurrency Read more …

Soldiers in South Korea will no longer be able to access online cryptocurrency trading websites whilst at military bases. A notification issued Monday by the Ministry of Defence outlined plans to crackdown on digital currency trading. They also began shutting down access to websites about Bitcoin and other virtual currencies at the same time. The notification read: “According to internal rules, we will gradually shut down internet access to websites on encrypted currency starting Monday.” The measure is in line with Read more …

IBM and Danish transport and logistics company Maersk announced Jan. 16 that they are teaming up to create an as-yet-unnamed Blockchain-based shipping and supply chain company. The goal of the venture is to commercialize Blockchain for all aspects of the global supply chain system, from shipping to ports, and banks to customs offices. Blockchain technology is uniquely able to provide special control for the logistics industry, since it can replace tedious and insecure paperwork with secure digital records that are Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The operator of BitConnect, a cryptocurrency that has long courted controversy, has announced the closure of its cryptocurrency exchange and a separate lending platform. In an announcement on its website on Tuesday, BitConnect confirmed the immediate closure of its lending operation whereas its exchange platform will effectively shutter in a further five days. The website, meanwhile, will remain open for “wallet service, news and educational services,” the Read more …

U.S. lawmakers are eyeing the formation of a new task force to combat the use of cryptocurrency in financing terrorism and other illicit uses. Introduced to Congress by House Representative Ted Budd (Republican) of North Carolina on Jan. 10, a new bill aims to establish the team, dubbed the Independent Financial Technology Task Force, if enacted. The task force would primarily focus on researching ways that terrorism can be financed through cryptocurrencies and subsequently proposing regulations to counter such activities. Bill H.R. 4752, Read more …

Even those who’ve never invested in Bitcoin before are starting to keep a closer eye on its progress. That’s because the currency has recently soared in value, causing the people who own Bitcoins to get excited and wonder how much more the worth could climb. There are even instances where people with no former interest in cryptocurrency feel now is the time to start becoming involved in the Bitcoin boom. But some onlookers wonder, will the bubble burst, and if Read more …