News

Hyperinflation in Venezuela is estimated to have reached a boggling 1.3 million percent in 2018. To reconcile runaway prices, the wealthy and the technologically savvy have turned to the stock market and cryptocurrency. Venezuela’s Deteriorating Economy Turns People to Cryptocurrencies Fueled by rich oil reserves, the country was once one of the fastest growing in […]

Wyoming continues to spearhead blockchain adoption with House Bill 0185. The bill, scheduled for July 1st if passed, permits corporations to issue blockchain-based stock certificate tokens. This bill is just one in a string of new legislation, cementing Wyoming’s position as the pro-crypto state. Tokenization is the process of representing ownership of real-world assets digitally […]

A BitMEX report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing report, released on Jan. 16th by BitMEX, on the ICO market in 2017-18 concluded token startups raised over $24 billion during […]

The same bulky coin-counting machines that turn spare change into bills can now turn bills into bitcoin, at a price. Coinme, a Seattle-based Bitcoin ATM company, has partnered with Coinstar to enable Bitcoin purchases at grocery stores in California, Texas, and Washington. Coinstar machines are large coin-cashing kiosks located at grocery stores, drug stores, and […]

Information about consensus algorithms is hard to find, even though they form the backbone of blockchain technology. These algorithms are vital to ensuring that distributed ledgers run smoothly, and without them, a blockchain would no longer be considered decentralised. Let’s explore some of these algorithms. What is a Consensus Algorithm? A “consensus algorithm” is the […]

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has taken another big step in its growth by launching a new fiat-to-crypto exchange. The exchange was opened on the self-governing island of Jersey, acting as the exchange’s first fiat-to-crypto outpost, with a focus on serving the UK and Europe. The exchange is targeting traders […]

Part of the funds from the Cryptopia hack were recently sent to the Binance cryptocurrency exchange. In response, Changpeng Zhao (CZ), the CEO of Binance froze the funds, raising questions around cryptocurrency’s anonymity and fungibility. Cryptopia is a tiny exchange with a daily trading volume averaging around $2 million. The exchange was hacked on the […]

The battle between tax authorities and cryptocurrency users took a turn in favor of the tax collectors. This month, Denmark’s tax authority won permission to start collecting private user information related to cryptocurrency trading. Denmark’s tax authority will now have access to sensitive information from three unnamed exchanges dating from 2016 and 2018, including names, addresses […]

With cryptocurrency’s inherent uncertainty, users are searching for something that could bring back much-needed stability and mitigate price fluctuations. In the search, one concept continues to gain traction: stablecoins. These are undoubtedly tough times for cryptocurrency investors. Digital monies have always been volatile investments, and it is certainly a continuing trend. More than 40 percent […]

Coming Bitcoin futures exchange Bakkt announced Monday the acquisition of an independent futures commission merchant for an undisclosed amount. The move aims to augment Bakkt’s services for institutional investments in cryptocurrency assets. On the back of a $182 million capital raise, Bakkt’s relentless work in developing a trusted brokerage for cryptocurrencies is unfolding. The firm […]