Category: Cryptocurrency News

Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the company’s Aug. 3 announcement, where it stated it will accept cryptocurrencies in order to attract investors. In the beginning of August, High Times published a press release saying it would accept BTC and Ethereum (ETH) as a method of Read more …

Fantasy sports club the Crown League announced today the launch of the first blockchain-based professional fantasy football league that will run in tandem with the upcoming National Football League (NFL) season. Players will be able to own part of their fantasy franchises, as well as the league, through the blockchain, which will grant them rights to revenue sharing and governance. Fantasy Sports on the Blockchain The new league will hold live drafts, feature high-profile experts, produce broadcast content for a Read more …

In two short weeks, ETHUSD has devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease: Figure 1: Read more …

Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency support across its chain of businesses. The idea was to trial the adoption of a new cryptocurrency called Vice Industry Token (VIT) with a new wallet Read more …

Altcoins A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China Crypto Guilder Centrale Bank van Curaçao en Sint Maarten (CBCS), the central bank for the Netherlands Antillean guilder, is set to explore the feasibility Read more …

Under the new framework, Wyre’s regulated money transfer infrastructure will be used to facilitate the instantaneous movement of “fiat currency directly into and out of Dai,” thereby removing the unpredictability of “speculative cryptocurrencies like Ethereum and Bitcoin” and benefiting from the speed and security of the blockchain, a press release for the announcement states. The arrangement is designed to give customers a quick and secure money transfer protocol that offers full regulatory compliance. “Pairing Dai to Wyre’s trading engine and Read more …

The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13. The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence and outlines how blockchain will help innovate the supervision of invoices for tax purposes nationwide. As the article notes, statistics indicate 1.31 billion Chinese electronic Read more …

Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange. Newly leaked public information reveals that, in its pre-IPO presentation to investors, Bitmain provided insight into its cryptocurrency holdings, which shows that Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH) in its stead. In a snapshot of a slide from the original presentation, the leftmost Read more …

The U.S. Securities and Exchange Commission (SEC) announced in an order Wednesday, August 14, that it has barred and fined the creator of Tomahawkcoin over a fraudulent Initial Coin Offering (ICO). Tomahawkcoin, which David T. Laurance ran as a token through his corresponding company Tomahawk Exploration LLC, failed to raise funds via an ICO in 2017. Having issued tokens via a “Bounty Program in exchange for promotional services,” Laurance, who has a previous record for securities fraud, again “violated the Read more …

A reckoning coming to the cryptocurrency markets, an “extinction-level event” that’s poised to wipe out 90 percent of the more than 1,800 coins and tokens that aren’t named bitcoin. That’s the prognostication of Xapo President Ted Rogers, anyway, who said that the impending altcoin bloodbath will provide discerning investors with an incredible opportunity to load up on bitcoin at a discount. “We could be in the midst of the extinction-level event for “cryptoassets” that many maximalists have predicted. 90%+ of Read more …

Finance The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services. Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume Jamaica Stock Exchange Plans to Facilitate Crypto-Asset Trades in 2018 The Jamaica Stock Exchange is interested in offering its clientele the ability to invest in digital assets. The JSE announced on Tuesday that Read more …