Cryptocurrency News Market

Facebook Developing Cryptocurrency for WhatsApp Transfers Amidst Another Privacy Scandal

According to sources, Facebook is developing a cryptocurrency that would enable money transfers to be done through its messaging app WhatsApp. As stated in the publication by Bloomberg, the company is working on a stablecoin pegged to the US Dollar to minimize volatility. Unfortunately for Facebook, the wave of exposed privacy breaches and violations that

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Cryptocurrency News

South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged

South Korea’s top financial regulator has formally filed fraud charges against executives of one of the Asian country’s biggest cryptocurrency exchanges. Three senior executives of Upbit including the founder Song Chi-Hyung were charged with making fraudulent transactions between September and December last year by prosecutors in Seoul, according to nocutnews. Specifically, the senior Upbit executives

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Bitcoin Cryptocurrency News Market

Pro-Bitcoin Ron Paul: It’s Time to Abolish Federal Reserve, Embrace Tax-Free Crypto

Retired US Congressman Ron Paul — a bitcoin skeptic turned proponent — reiterated his calls to abolish the Federal Reserve shortly after it raised the baseline interest rate a quarter of a percentage point, to a range of 2.25% to 2.5%. This is the fourth time that the Fed — the central banking system of the United

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Cryptocurrency News Market

Dow Jones Falls to Lowest Level in 14 Months, the Wealthy Pulling Out?

For the first time since Oct 2017, the Dow Jones has fallen below 23,000 points and the U.S. stock market is now flirting with a bear market. Already, according to Sam Stovall, the chief investment strategist at CFRA Research, equity markets are approaching a capitulation phase. While there still isn’t enough data to conclusively state

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Altcoin Cryptocurrency News

Nano Releases Major Update. CoinGate Announces its Support by Stores in Over 100 Countries

Nano has had a good development since its origin as RaiBlocks (XRB). Its innovative design allowed it not only to gain the credibility of technology experts and authorities within the ecosystem but also to build a very solid and active community around it. After its rebranding, the evolution of NANO has been unstoppable. On December Read more…

Cryptocurrency News Market

Coinbase Wants You to Earn Crypto While Learning About Crypto

Having acquired Earn.com in April, Coinbase has launched the first product out of that relationship. Dubbed “Coinbase Earn,” a resource page where crypto lovers can learn more about cryptocurrencies trading on Coinbase and get rewarded with tokens. The announcement, which was published on its blog, marks the 10th day of its 12 Days of Consecutive Announcement,

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Bitcoin Hash Rate Stabilizes After Mining Difficulty Adjusts to Lower Price
Bitcoin Cryptocurrency News Market

Bitcoin Hash Rate Stabilizes After Mining Difficulty Adjusts to Lower Price

The Bitcoin hash rate – the number of hashes per second the network is performing – has stabilized undergoing its biggest downward difficulty adjustment in seven years amid lower BTC price.  Bitcoin Network Heals Its Wounds On the back of the Bitcoin price hitting 15-month lows and dropping 50 percent in the past month alone, miners Read more…

UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals
Cryptocurrency News Market

UK Gov’t Unveils Cryptocurrency Tax Guidelines For Individuals

Her Majesty’s Revenue and Customs (HMRC) yesterday released a policy paper, detailing cryptocurrency tax guidelines for individuals. The good news is that no new punitive tax measures apply to crypto, which essentially falls under existing taxation schemes. Which Tax Applies? After defining what a crypto-asset is, the paper notes that the nature of the industry requires Read more…

Blockchain Cryptocurrency News Market

Blockchain Technology and the Quest to Transform the Travel Industry

The year 2018 hasn’t particularly been the best year for cryptocurrencies, as the bear market had eroded value in almost every digital asset out there. However, while cryptocurrencies aren’t having the best of times, blockchain technology has managed to stay relevant, with organizations and governments coming out with ways through which they can use blockchain

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Cryptocurrency News Market

Cryptocurrency Mining Could Crash The Entire Power Grid Of Abkhazia

The tiny Republic of Abkhazia has high hopes that cryptocurrency mining and operations could be its solution to economic woes. But the rickety ex-Soviet electricity network is already at capacity, leaving risks of blackouts if a cold snap hits. The Republic Of Where Now? Abkhazia is a de facto republic on the eastern coast of the Read more…