Kinguin to Offer Decentralized Game-Trading Platform Built on Blockchain Technology

Kinguin aims to build a platform that will create greater transparency and increase security from fraudulent transactions. Gamers will still collect & trade game keys, items, and other collectibles on a platform designed to be a one-stop-shop for their digital buying & trading needs. The Ethereum network will be used to build a decentralized app for backing and storing the information in its blockchain network. Any changes made in this network are secured on a shared ledger by strong cryptography Read more …

Russia to Conduct First Criminal Case in Involving Bitcoin

Russian authorities have opened the nation’s first criminal case involving bitcoin. Russian police arrested three men for illegally trading 500 million rubles ($9 million USD) worth of bitcoin last week. Also Read: Russian Official Claims Central Bank Has Approved First Cryptocurrency Exchange Russia Has Opened Its First Criminal Case Involving Bitcoin Against Three Men Accused of Conducting “Illegal Banking” Three Russian men have been arrested in Kostroma under charges of “illegal banking” for unlicensed bitcoin trading. This occurred following the discovery Read more …

Why Bitcoin Is The Investment Of The Decade – Winklevoss Bitcoin Trust ETF (Pending:COIN)

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don’t let yourself be lulled into inaction. – Bill Gates There’s been a lot of buzz around bitcoin, partly on the back of its rapid appreciation and partly on the disruption potential of the technology itself. In this article, I’d like to firstly, clarify some misconceptions surrounding bitcoin and postulate what a fair value should be Read more …

China Banned I.C.Os? Last Statement Says Yes – Crypto News 24/7 – Bitcoin News

An ICO is a risky way of investing in cryptocurrency as there is no guarantee that the coin will have a long life and a natural growth. While there were many ICO’s that went good for the investors, a lot of them were considered black holes. Now, China is announcing that a new era is coming for ICOs, and is not a good one. It appears that the Chinese government is considering to ban all future ICO’s. A committee led Read more …

BTC-e Is Back Online, But Refund Efforts Are Anything But Smooth

BTC-e announced late last week that it would begin allowing cryptocurrency withdrawals – though it’s not clear at this time how many users have gotten their money out since the weekend. Signs on social media suggest that some users have been able to withdraw their funds. As CoinDesk reported on Friday, BTC-e announced that, if they were willing to accept a plan to accept just over half of their existing holdings in return for so-called debt tokens following a pending Read more …

Hong Kong Securities and Futures Commission Issues Statement Regarding ICO Regulations

Hong Kong’s Securities and Futures Commission (SFC) has issued a statement regarding ICO regulations. The SFC states that digital tokens that comprise securities are subject to the securities laws of Hong Kong. Also Read: Japanese Cryptocurrency Exchange Btcbox Enters Hong Kong Bitcoin Markets Hong Kong Will Adopt Western Styled ICO Regulations That Focus on Regulating the Distribution of Securities Through Token Sales The Securities and Futures Commission defines the tokens issued through initial coin offerings as either comprising ‘virtual commodities’, ‘securities’, Read more …

The Easy Way to Navigate the Crypto Markets Volatility Storm

Cryptocurrencies remain one the most volatile, yet attractive investments today. Still, a single move from the regulators can make the crypto markets look like a bloodbath, so many investors would think of them as risky investments. But there’s already a way of investing in crypto with exposure to real assets. Asset-backed tokens give you the benefits of crypto, such as low transaction costs and transparency, as well as the security of having a physical asset. The first asset-backed tokens have Read more …

Ethereum (ETHUSD) Forming 1st Red Weekly Candle in 6 Weeks

Ethereum (ETHUSD) is forming its first red weekly candle in six weeks as profit-taking kicks in after ETHUSD briefly tested the psychologically key 400 whole figure resistance level. With the current red weekly candle quickly lengthening reversing most gains over the last two weeks, a bearish Island Reversal could be forming.   Significantly, ETHUSD is testing upchannel support (on the weekly chart). The daily chart provides a clearer set of warnings for bulls with the RSI, Stochastics and MACD decisively Read more …

Report: Canadian Finance Watchdog Has Concerns Over Blockchain Anonymity

Canada’s financial intelligence agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has concerns over the role of cryptocurrency in crime and policing problems caused by the tech’s anonymity, according to a new report. The Globe and Mail reports that, citing FINTRAC documents and presentations (obtained through a public records request), officials have been saying for some time that the agency needs to develop new technologies to better analyze the financial data produced by the growing adoption of blockchain technologies, which operate under a cryptographic “veil of Read more …

Bitcoin’s price hit $5,000 last week. It’s still a dumb investment

Late last week, I noticed a spike in what we might think of as a certain financial index. It wasn’t the trading in a financial instrument per se, but in the online traffic in a column I had written in December 2013. The column examined the recent crash in the price of bitcoins, which had plummeted to $600 from $1,200 in just two days. The headline read: “The bitcoin crash of 2013: Don’t you feel silly now?” What was causing Read more …

‘Foreign’ Bitcoin and Ethereum Need Homegrown Version: Russian Minister

Russia should create its own alternative to Bitcoin and Ethereum because they are “developed on foreign cryptography,” a senior politician has said. Speaking to journalists Monday, communications minister Nikolay Nikiforov said that the country, which last week signed a partnership with the Ethereum Foundation, is “absolutely capable” of developing its own alternative. “Bitcoin and Ethereum are cryptocurrencies developed on the basis of foreign cryptography. Russia has its own cryptography school,” he commented quoted by Sputnik News. “I think that we Read more …

SONM: A Universal ‘Fog Supercomputer’ Powered by the Ethereum Blockchain

A frequently heard critique of blockchain technology is that mining is a power-intensive process that consumes energy, generates heat and damages the environment for the sole purpose of maintaining the blockchain. On one hand, maintaining an open and secure blockchain is important and, therefore, worth the energy it costs to maintain it. On the other hand, perhaps the energy spent can be partly redirected toward other important applications. SONM (Supercomputer Organized by Network Mining) is an ambitious project that wants Read more …