Month: March 2019

The most popular social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, local news outlet RNS reported on March 28. Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. Still, the article also claims that the firm has not yet made a final decision about whether or not to launch the coin. According to Read more …

Litecoin’s (LTC) price has doubled in the first three months of 2019 to register its best first-quarter performance on record. The fourth-largest cryptocurrency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It clocked a six-month high of $64.20 earlier this month, according to Bitfinex data. Last year, prices had dropped 48.5, 30, 24.6 and 49 percent in each quarter, respectively. The four-quarter losing streak was the second largest on record Read more …

Things turned sour for a promising blockchain project after its founder allegedly faked a Tesla giveaway competition. Justin Sun, 29, promised his booming Tron project community that he would give away an expensive Tesla in a lottery. The Chinese entrepreneur asked participants to follow him on Twitter and retweet his message merely. On the day of the announcement, March 27, Sun randomly picked Twitterati UZGAROTH but later deleted his tweet citing glitch the selection process. The winner didn’t take it well Read more …

As prime minister of between 2014 and 2016, Matteo Renzi was an unmitigated disaster for Italy. Fortunately, his incompetence and socialist ideology ensured that Italians not only showed him the door but also left his Partito Democratico (Democratic Party) politically annihilated. Now, the has-been is nostalgic of a bygone age when elites and globalists were in charge rather than populists like Donald Trump. Matteo Renzi Only Has Eyes for Barack Obama He tells CNBC: “I’m a really lucky man because Read more …

Tim Sloan is out as CEO of the beleaguered Wells Fargo. The news sparked curiosity and hope among crypto players that his replacement is more open to the space than Sloan. While Wells Fargo execs were mum about who’d replace Sloan, the rumor mill chatter quickly began to spin. Making the list are several people from J.P. Morgan. Before you say that’s a wrap considering the outrageous comments its CEO Jamie Dimon has made about cryptos, just wait. Some of Read more …

The bear market has not been easy on the crypto market, especially when it comes to initial coin offerings (ICOs). The demand for small-value tokens issued by relatively unknown projects — some of which eventually might or might not turn out to be viable investments — has been dying out, and the days of “to the moon” meme seem to be well behind. Now, people who jumped on the ICO bandwagon a bit too late are looking for a way Read more …

US dollar is not just a currency, but also a weapon. The greenback accounts for 63 percent of the world’s reserves. It is large and liquid; it has a reputation for safety and the rule of law, and its backers have the willingness to run account deficits. That is why most elected governments choose to hold the bulk of their reserves in USD. And that is how the US Federal Reserve becomes one of the leading world’s creditor, if not sole. Read more …

Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies. Also read: New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia Application Tracks Thousands of Coins and Tokens The Cryptonaut mobile app, available for both Android and iOS devices, has gathered positive Read more …

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U.S. dollar. Ethereum has recovered fairly well in the past month, recording a solid 11 percent gain (source: coinmarketcap.com) Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels. $148 For Ethereum Read more …

Under pressure for being months behind schedule, the Central Bank of Iran finally published a draft framework on the legality of cryptocurrencies in late January and welcomed feedback. While some see the totality of the framework as a step forward, most members of the burgeoning local crypto community are unhappy with much of the specifics. They feel that the framework could severely restrict people and businesses operating in the fast-growing field if it is implemented in its current form. Among Read more …

Bitcoin mining is an industry that seeks out cheap energy sources that would often go to waste. And in some parts of North America, natural gas is becoming pretty much exactly that. The Oil Industry Produces More Gas Than It Can Handle Natural gas prices in North America have tanked. As an unavoidable by-product of the oil drilling industry, producers have more than they know what to do with. Transporting it for sale is often not economically viable, so many Read more …

Following a gain of 14% during February crypto markets continued to make progress during March. Starting out the month at $130 billion markets had climbed 10% by the end of it to $143 billion with a gain of $13 billion. Altcoins had been largely responsible for the movement as Bitcoin dominance fell ever nearer to 50%, its lowest level for seven months. Daily volume had increased from below $25 billion to high thirties by the end of March and momentum Read more …