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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
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
Over 40 companies in South Korea are participating in cryptocurrency self-regulation. Among them are 14 exchanges which have agreed to implement self-regulatory measures; they include Bithumb, Coinone, and Korbit. This announcement came just one day after the Korean government released its emergency crypto regulation. Also read: South Korea Clarifies Position After Reports of Possible Ban on … Read more
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
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
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
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
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
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
It seems to be only a matter of time until most cryptocurrency users will value the privacy aspect of certain altcoins. Bitcoin, Ethereum, Litecoin, and others all lack privacy by default. Although some currencies will introduce changed in this regard, it remains to be seen how all of that will play out. For now, we … Read more
