BitConnect Is Preying on New Investors

Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing. It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” … Read more

Japanese Investors Increasingly Switching From Traditional FX Trading to Bitcoin

A growing number of Japanese retail investors are switching from leveraged FX trading to leveraged cryptocurrency trading, thus driving the crypto market, according to a recent Deutsche Bank’s research. Operators of Japan’s largest FX platforms are launching their own crypto exchanges, offering leverage of up to 25x. Also read: South Korea Clarifies Position After Reports of … Read more

North Korean Hackers Attacked South Korean Exchanges, NIS Claims

As originally reported by local media outlets, the South Korean National Intelligence Service has traced previous hackings of domestic cryptocurrency exchanges back to the North.  North vs. South This Saturday, South Korean newspapers recapped reports by the NIS that claimed North Korean hackers were behind an attack on the Bithumb exchange. The hack, which began after an … Read more

Centra ICO May Have Violated SEC Securities Law

We have seen quite a few complaints involving ICOs in the past few months. Especially in the US, there is genuine concern as to whether or not most of these tokens are securities. It appears someone has filed a complaint against the Centra ICO, which garnered a lot of attention thanks to Floyd Mayweather Jr.’s involvement as … Read more

UAE and Saudi Arabia Collaborate on Central Bank Digital Currency Research

We have seen several central banks contemplate issuing their own digital currencies. So far, none of these projects have actually come to fruition. A new partnership between the UAE and Saudi Arabia’s central banks may change all that in the near future. Both entities are working on their own digital currency and blockchain-based system. Another Bank-issued … Read more

US Chief Financial Watchdog: Cryptocurrencies Are No Risk to the Financial System

It is evident financial systems all over the world face a multitude of threats right now. Most people would assume Bitcoin and other cryptocurrencies pose a serious risk in this regard. That is not the case, though, as Bitcoin was only briefly mentioned in a new report by the US’s chief financial watchdog. This is … Read more

Dogecoin Direly Needs a New Lead Developer

Although most cryptocurrency enthusiasts consider Dogecoin to be a joke, the cryptocurrency has certainly made its mark over the years. Unfortunately, it seems there is very little interest from developers in doing something with this project in its current state. The Dogecoin community, on the other hand, is looking for a new developer or team of … Read more

Taken by Storm: EthereCash Raise $30m in ICO Whirlwind with 1 Day Remaining

Crypto-lending platforms are already in the next phase of development. We are looking at a new revolution in the finance sector itself and not just the cryptocurrency community in the shape of these decentralized lending platforms. This much needed development will help propel cryptocurrencies into mainstream banking services and beyond to promote widespread adoption. Disclosure: … Read more