Altcoins Are Dying

Altcoins Are Dying

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Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength…

Coinbase Secures $20 Billion Hedge Fund and Plans to Offer Margin Financing for Institutional Investors

Coinbase Secures $20 Billion Hedge Fund and Plans to Offer Margin Financing for Institutional Investors

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In early July 2018, San-Francisco based startup Coinbase launched its custodian solution for institutional investors. The leading digital asset exchange has now secured a $20 billion hedge fund to offer investors a greater variety of financial services. Coinbase Custody Draws Institutional Capital into Crypto The everyday investor’s go-to service for buying and selling cryptocurrency, Coinbase,…

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

World’s First Legal Literature on ICOs Calls Out Fundraising Method

World’s First Legal Literature on ICOs Calls Out Fundraising Method

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A University of Pennsylvania legal research report concluded Initial Coin Offerings (ICOs) have mostly “failed” to reflect on their contractual promises as described in their whitepapers. ICO Projects a Far-Fetched Endeavour Titled “Coin-Operated Capitalism,” the paper was released on July 17, 2018, and aims to explore ICOs as a legitimate option of fundraising. The paper…

BCH Roundup: Markets Spike While the Community Debates Token Protocols

BCH Roundup: Markets Spike While the Community Debates Token Protocols

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There’s been a lot happening this week within the Bitcoin Cash (BCH) ecosystem, and much of the community’s discussion revolves around tokenization concepts on the BCH chain. Meanwhile, the network has been running smoothly, and BCH markets seem to be reversing their trend after cryptocurrencies values were experiencing bearish sentiment for the past six months.…

Stripe COO Explains Move Away From Bitcoin Payments

Stripe COO Explains Move Away From Bitcoin Payments

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Popular payments provider Stripe made waves in 2015 after announcing the acceptance of Bitcoin for its merchant network. However, in April 2018, the company ceased Bitcoin operations providing no clear reasons at the time. Stripe COO Explains Move On July 18, 2018, Stripe COO Claire Jackson disclosed why the company’s short-lived relationship with the pioneer…

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

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Shark Tank star Kevin O’Leary, AKA “Mr. Wonderful”, said on CNBC’s Fast Money that he firmly believes not a dime from institutional investors will come into the crypto market, at least in the short-term. Custodianship Isn’t Enough, Regulators Have to be On Board Over the past 12 months, especially in early 2018, the narrative of…