Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: “I think ultimately consumers need to look out for themselves, look into the fundamentals of any coin and not rely on any particular exchange to protect Read more …
A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling “fractional ownership,” or the ability for a real estate owner to split up their home and sell off equity stakes. Not only would this allow a homeowner to sell some of the home’s equity Read more …
Customers in Dublin can now pay for their morning coffees or afternoon snacks in cryptocurrency at the newly-opened Crypto Cafe on Aungier Street. Coffee, Cakes, and Crypto Started by Nash Basel, the Crypto Cafe aims not only to be a place where customers can conveniently pay with cryptocurrency, but also a central hub for crypto enthusiasts looking to socialize and talk shop over coffee and cakes. The cafe features a screen displaying live cryptocurrency prices and plays host to local Read more …
Cryptocurrencies exploded in 2017, minting billionaires and transforming entire industries, and now the standard investor can get involved. Cryptocurrencies are minting new millionaires faster than any other asset class in history. Blockchain, the backbone of cryptocurrency and expected to become the biggest market disrupter we have ever seen, is creating incredible wealth for some investors and generating massive returns. A $1,000 investment in Bitcoin in 2010 would have earned you $35 million by mid-2017, although that would have dropped back Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. This opinion article is penned by Roy Keidar, Adv., special counsel at Israeli law firm Yigal Arnon and co & Stephane Blemus, legal counsel at Kalexius law firm, and PhD candidate on blockchain regulation at Paris Sorbonne University, France. The views expressed are those of the authors alone and should not be attributed to CCN. This end of 2017 has been marked by a high price volatility on Read more …
Months after China’s clampdown on initial coin offerings (ICOs), professional copywriters are still offering white paper services that may include fabricating information, reports suggest. The People’s Bank of China notably banned domestic ICOs in September 2017, yet searches using key words such as “ICO,” “blockchain” and “whitepaper” result in dozens of online stores on Alibaba’s Taobao platform in China that provide ICO white paper copywriting, design and fundraising consultancy services. According to an article published today by China’s Beijing News, Read more …
News Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think. Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC The Promises of United Bitcoin Read more …
Making cryptocurrency payments more convenient to use is a difficult task. Consumers often struggle to find platforms or shops accepting this form of payment. Store owners are not too convinced whether or not such payments offer them any benefits. Coinbase has come up with a solution which may resolve some of the concerns. Their new merchant service is very similar to PayPal and provides a lot of convenience. The new Coinbase Commerce platform is pretty appealing for merchants. They can Read more …
Software giant Microsoft has said it sees potential for public blockchains in supporting decentralized identities and will explore the possibilities within its Microsoft Authenticator app. In a blog post released on Feb. 12, Microsoft’s Identity Division doubled down on its belief that blockchain technology is the right solution to store, maintain, protect and distribute users’ identification information in a tamper-proof and decentralized environment. Ankur Patel of Microsoft’s Identity Division stated in the post, “Some public blockchains (Bitcoin, Ethereum, Litecoin, to name Read more …
Veerathai Santiprabhob, governor of the central Bank of Thailand, has asked all banks in Thailand to stay away from cryptocurrency, Reuters reported yesterday, Feb. 13. According to Reuters, the central bank released a circular Monday that bans banks in Thailand from investing and trading in crypto, as well as participating in and creating exchanges and platforms for crypto trading.The circular applies specifically to banks, not to exchanges or other services, which are still allowed to operate freely in the country. Read more …
South Korea is now considering a licensing scheme for cryptocurrency exchanges in a major U-turn on its previous suggestion to ban them. Govt. To Debate ‘Exchange Approval System’ As local news media outlet Business Korea reports Monday, lawmakers from a dedicated “cryptocurrency task force” are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them market entry. The New York scheme is several years old and faced teething problems, including Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. This is the first opinion piece in a four-part series that explores the advent of bitcoin as a store of value and the implications of valuing the cryptocurrency in fiat. Read the first part here and the second here. Fees: The Third Bottleneck Just like price, transaction fees can very easily scare away people from entering the cryptocurrency market or, in the worst case, ever spending bitcoin. Even Read more …