Month: February 2018

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 …

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 …

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 …

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 …

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 …

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 …

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 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 …

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 …