Wall Street Analyst Tommy Lee Says Retailer Adoption Could Lead to Bitcoin Price Surge

Ever the Bitcoin bull, Fundstrat’s Tommy Lee has today predicted a full recovery and then some in the cryptocurrency market within 2018. He cites crypto-related announcements from various international companies as contributing to the restoration of lost confidence. Rakuten, Starbucks, Facebook, and Amazon Thought to be Looking Towards Crypto Lee, the co-founder of Fundstrat Global Advisors, maintains his earlier price prediction of $20,000 by mid-2018 and $25,000 by the end of the year. In a report issued today, the strategist Read more …

Two UAE Investors Learned Bitcoin Isn’t a Get Rich Quick Scheme

Two first-time cryptocurrency investors shared their stories with The National on Wednesday, which illustrate that Bitcoin indeed isn’t the get-rich-quick scheme many people mistakenly believe. ‘ … What I Made, I Then Lost’ First up is a Pakistani investor named Mohammed, who first invested in the Bitcoin market in December 2017. Mohammed told The National: I invested $10,000, made 30 percent and sold a week later. Then I put the whole $13,000 in again a few days later. Mohammed then Read more …

Genesis Trading Launches Crypto Lending Service for Investors

Genesis Global Trading Inc., a big institutional market maker for digital currencies, has started a lending business. The new subsidiary, Genesis Global Capital, will allow investors and businesses to borrow cryptocurrencies in quantities of $100,000 or more for fixed terms ranging from two weeks to six months. Loans will be issued in bitcoin, ether, ether classic, XRP, bitcoin cash and zcash among others. “We believe now is a great time to offer an institutional-focused lending service because it will increase Read more …

STK Gets Listed on KuCoin!

KuCoin is extremely proud to announce yet another great project coming to our trading platform. STK is now available on KuCoin. Supported trading pairs including STK/BTC, STK/ETH. Please take note of the following schedule: 1. STK deposits and withdraw: 18:00 Feb 28, 2018 (UTC+8) 2. STK trading: 22:00 Feb 28, 2018 (UTC+8) STK Introduction The speed with which cryptocurrencies has entered the public consciousness over the past couple of years has been remarkable. In order to take the next step Read more …

What’s New in the Cryptocurrency Market in 2018?

Cryptocurrency is the new favourite word for investors and geeks. It’s one of the most exciting commodities to invest with its high volatile nature belonging to one of the most developing software .i.e. Blockchain. Over the past 6-8 months, we have seen cryptocurrencies reach to the best of their prices and to the least of their prices as well. Bitcoin touched $19,000 mark in December 2017, Ripple touched $3.84 mark in January 2018 when Japanese government put their stamp of Read more …

Starbucks Could Serve Up a Blockchain Payments App

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin may be off limits, but the coffee chain is not overlooking the technology that underpins cryptocurrencies. Howard Schultz, Starbucks executive chairman and the face behind the brand, suggested blockchain could very well be part of the coffee retailer’s future, pointing to the possibility of a “proprietary digital currency integrated into our application.” He told Fox Business: “I think blockchain technology is probably the rails in which Read more …

Verifier Will Use Blockchain to Check and Confirm Any Data Without Your Involvement

Our time is one of distrust. A time when for each product there are thousands of scams aimed at deceiving users. According to the British report Annual Fraud Indicator, fraud causes massive damage to both private individuals and corporations. For example, in the UK individuals lost 140 billion pounds in 2017, while businesses lost about 40.4 billion pounds. For this reason, there are more stringent requirements for verification of data, requests, and documents. On one hand, this protects the user, Read more …

Marshall Islands Plans To Launch National Cryptocurren… | News

The Republic of the Marshall Islands will release its own cryptocurrency complete with an ICO and free trading, according to two government officials that spoke with Bloomberg Wednesday, Feb. 28. The two officials, one of which is house speaker and senator Kenneth Kedi, said that the Pacific nation’s parliament this week endorsed the creation of the currency, which will be called the Sovereign (SOV). The Marshall Islands currently uses the US dollar as its official currency, and once issued the Read more …

Bitcoin and Solar Energy Fuel Investment in Japan: Exp… | News

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to a.mcqueen@cointelegraph.com The global financial crisis of 2007/2008 wreaked havoc in the world economy and resulted in the decline in Read more …

Texas Securities Board Issues Another Cease-and-Desist, This Time Against LeadInvest

This week, the Texas State Securities Board (TSSB) issued another cease-and-desist order: This time to a “company” called LeadInvest. The agency contends that LeadInvest fabricated its management team and illegally solicited investors for a cryptocurrency mining operation and lending program. On February 26th 2018, the Securities Commissioner of the State of Texas, Travis J. Iles, signed and entered an emergency cease-and-desist order to LeadInvest, a suspicious cryptocurrency company with ties to Panama. At of today, the company’s website — leadinvest.net — redirects to bitcoinvest.de. It’s unclear Read more …

Square Says Murky Accounting Rules for Crypto Pose a Business Risk

Square Inc. has identified another business risk for publicly traded companies that deal in cryptocurrencies: unclear accounting rules. In its most recent annual filing with the U.S. Securities and Exchange Commission (SEC), the digital payments company wrote that Generally Accepted Accounting Principles (GAAP), the U.S. accounting standard for public companies, offers no specific guidance for cryptocurrencies. This makes it difficult for Square to know how to report its profits or losses from cryptocurrency transactions. Moreover, the document suggested that auditors or Read more …

Blockchain Bringing Convenience and Control to the Hotel Industry

The next era of blockchain development is rolling out, with features like smart contracts and faster transactions making crypto much more than just a means of exchange. These simple features are making a lot of new business models possible. Smart contracts make many classes of transactions almost completely automated, removing any need for central servers and processing. This, in turn, removes the problems associated with centralization like central points of failure. So automation and ledger technology make things more convenient Read more …