Bitcoin (BTC), Cryptocurrency–As the price of Bitcoin continues to falter over the last twenty four hours, with the greater altcoin market falling substantially in response, investors continue to wait upon positive news in relation to “institutional money.” The atmosphere surrounding crypto over the summer was near maniacal on emphasizing the need for Bitcoin Exchange Traded Funds. As opposed to dealing with the unregulated, Wild West marketplace of traditional cryptocurrency exchanges and investing routes, which are ripe for manipulation and outright fraud, large capital players such as Wall Street banks and investment firms would find the proposition of a crypto ETF…
When Bitcoin was first created 9 years ago, its goal was to introduce the world to digital cash. However, another use case was discovered quite soon, which is the anonymous purchase of illegal goods online.
As it soon turned out, however, Bitcoin is not very anonymous. Despite the fact that Bitcoin wallets can be used without disclosing your real name and location, all of your transactions still remain quite public, for everyone to see. Not to mention that most exchanges do require users to provide their real names, which immediately links their transactions to their true identity.
Singaporean start-up GCOX has announced its plans to launch a cryptocurrency backed by Manny Pacquiao’s popularity and fame. According to reports, the planned launch will happen either by the end of 2017 or the first quarter of 2018.
Global Crypto Offering Exchange (GCOX) is a Singapore based start-up that has built a blockchain-powered platform where celebrities can tokenize their popularity. The start-up has various platforms built on its own Acclaim blockchain, such as Celeb-Charity and Celeb-Connect. These platforms will serve as avenues for closer interaction between celebrities and their fans.
Philippine Boxing Legend and current Senator Manny Pacquiao signed up…
Skoda Minotti, a Cleveland-based business advisory firm, announced it is now accepting a variety of cryptocurrency, including bitcoin, for client service payments, effective immediately.
“Through our experience helping clients leverage bitcoin for their businesses, we’ve witnessed the tremendous growth and popularity of bitcoin and other cryptocurrencies in many industries,” said Dennis Murphy in a news release. “Offering a bitcoin payment option simply provides clients who prefer using this cryptocurrency with a convenient and easy way to manage their accounts payable function.”
The process for paying Skoda Minotti invoices with cryptocurrency is designed to be fast and seamless, the release stated. Clients click a payment link on Skoda Minotti’s website, which directs them to a secure cryptocurrency payment page.Skoda Minotti does not charge fees for bitcoin transactions.
Over $6 billion was wiped off global cryptocurrency markets in a day, led by XRP and ethereum as prices of digital coins continued to fall.
The entire market capitalization or value of cryptocurrencies had plunged $6.72 billion in 24 hours as of about 11:32 a.m. HK/SIN time on Friday, according to data from Coinmarketcap.com. That came after a sharp sell-off across the board on Thursday, which erased billions of dollars of value in a matter of hours.
Friday’s drop was led by XRP, which was trading at around 39.13 cents at 11.32 a.m. HK/SIN time, marking a 7.9 percent drop…
Although increasingly unstable, interest in cryptocurrency continues to persist in Europe undaunted.
Valdis Dombrovskis, vice president of the European Commission, spoke on the topic of cryptocurrencies during a recent Ecofin (Economic and financial affairs) council meeting, admitting that after debate on the topic, EU finance ministers have come to accept that cryptocurrency “is here to stay”.
Given this acceptance of cryptocurrency as a viable commodity, regulation of the currency is being attempted. However, the application of existing laws may not be appropriate for cryptocurrency, as regulations utilized on familiar commodities may be insufficient when applied to digital assets.
At least five more university endowments have invested in cryptocurrency funds, suggesting that the “herd” of institutional investors is finally beginning to place at least a small bet on the nascent asset class.
As first reported by The Information, a cadre of major educational institutions including Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth College, and the University of North Carolina have each invested in at least one cryptocurrency fund through their respective endowments.
Citing an unnamed source familiar with the investments, the publication reported that these five university endowments have invested tens of millions of dollars in these…
Charitable organizations in the United States and around the world have seen an increasingamount of their donations be cryptocurrency denominated.
Silicon Valley Community Foundation, which unites donors with various charities, has around $4.5 billion USD in digital assets, which is about a third of its 13.5 billion USD investments. Fidelity Charitable, one of the largest US charities in terms of annual donations received, said digital charities was its fastest growing category in 2017. Then there are many other smaller charities that are also accepting cryptocurrencies. …
Circle Invest announced today the launch of three new collections of index funds for cryptocurrencies.
Divya Agarwalla, Senior Vice President at Circle, posted on the company’s blog that the “Buy the Market” feature “…was so successful that over 30% of our users are taking advantage of it. As CCN reported, Circle released this feature in May as a way for customers to buy a market cap-weighted positions in the assets listed on the platform.
The three new collections will contain an index of coins based on their main goal/mission: Platforms, Payments, and Privacy. …
Blockchain is a form of digital ledger technology based on the decentralised ideal of cryptocurrency.
The technology, used by bitcoin and other cryptocurrencies, is a growing list of records — called blocks — which are linked using cryptography to create an almost incorruptible digital ledger of economic transactions.
Speaking exclusively to Express.co.uk, Blockchain and cryptography expert Toni Nijm said: “What the internet did to data, Blockchain will do to assets.
“Every single thing that has assets or value transfer will be impacted in one way or another.”
He added: “The transfer of money is the one everyone talks about but…