Cryptocurrencies

A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, called altcoins, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. The most popular altcoins now (August 2016) – Ethereum, Steem, Ripple, Ethereum Classic, Litecoin, Dash, Dogecoin.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

July 18th, 2018

Some details about the mysterious IMMO project leaked into the media this week, no one has any official or verified information on this confidential project though.

July 18th, 2018

Goldman Sachs is appointing a new CEO David Solomon, who will replace the incumbent chief executive Lloyd Blankfein in October. With the new CEO, the bank is expected to add more bitcoin and other crypto services to its portfolio.

July 18th, 2018

Mastercard has filed a patent application for a method of connecting blockchain-based assets to fiat currency accounts which will help to speed up crypto payments.

July 18th, 2018

Founder of ICOBox and blockchain investment expert Nick Evdokimov shares his insights into what investors should examine in a blockchain startup before putting their money.

July 18th, 2018

Litecoin founder Charlie Lee provided some details about recent acquisition of Litecoin Foundation, and stated that he expects to receive a board position at the German WEG bank, which will positively influence further adoption of cryptocurrencies in the bank’s operations.

July 18th, 2018

Bitcoin is back with a bang trading above $7400 with the good news of growing institutional involvement in the crypto space.

July 17th, 2018

The Japanese messaging app giant has launched a crypto-to-crypto exchange available in 15 languages. Low transaction fee and progressive security solutions are expected to attract users to the new global platform.

July 17th, 2018

Afther months of delays, Japan’s banking giant SBI Holdings announced their new in-house cryptocurrency exchange is now available for users.

July 17th, 2018

Financial services mobile app Robinhood has added support for a peer-to-peer digital currency called Dogecoin (DOGE) on its Robinhood Crypto Platform.

July 17th, 2018

CFTC tells investors that digital tokens promoted by businesses may either be categorized as securities, derivatives, and commodities, depending on how they are structured.

July 17th, 2018

A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. The coin is pegged against the US dollar and is now available to institutional clients.

July 17th, 2018

Blockchain has received support from the deputy director of China’s Ministry of Industry and Information Technology, Xin Guobin, who urged the country to join forces to make blockchain as a “core” technology for the new digital economy.

July 17th, 2018

After comprehensive review of the activity of cryptocurrency payment processor BitPay, the New York Department of Financial Services granted BitLicense to the company.