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Cryptocurrency Market Dropped $52 Billion in Blockchain Week, Factors and Trends

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Blockchain Week New York City aka Consensus 2018 was highly anticipated within the cryptocurrency ecosystem with many analysts expecting the event to trigger a new bullish momentum for Bitcoin and altcoins. The market, however, managed to lose $52 billion during the week of the conference. Consensus 2018 Turned Out to be a Dud for Bitcoin

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Future of Cryptocurrency in India Uncertain, Fate to be Decided in Summer

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India, one of the largest countries in the world with a population of 1.3 billion potential future users of cryptocurrencies, remains in a legal limbo as cryptocurrency exchanges await more clarity from the Reserve Bank of India (RBI) and the country’s supreme court. Operators have recently been barred by banks, under orders from the central

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Pacific Island to Establish its Own Government and Cryptocurrency With 300 Households

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The government of French Polynesia, an overseas collectivity of France in the South Pacific, is supporting a pilot program aiming to develop an off-shore housing that uses its own currency and operates outside of government regulations. The project is funded by a company called Blue Frontiers, which is planning to launch an initial coin offering

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Snoop Dogg Performs at Ripple’s Consensus 2018 After-party

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New York’s Blockchain Week, aka Consensus 2018, is not only serious talk among experts, entrepreneurs, and regulators. The cryptocurrency people gathering in Manhattan also want to have fun. At least, that’s what Ripple Labs thought when its representatives invited Snoop Dogg to headline their after-party at a secret location in Manhattan’s Meatpacking District. Snoop Dogg Headlines

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Audit Results: South Korea’s Largest Cryptocurrency Exchange Upbit Cleared

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Upbit, the largest cryptocurrency exchange in South Korea, has conducted an internal audit amid suspicions of fraud from national authorities. The audit results allegedly disprove the claims that the exchange has falsely reported the amount of funds it holds. South Korea’s Upbit Exchange Claims Internal Audit Disproves Suspicions of Fraud South Korea’s cryptocurrency market came under

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Consensus 2018 Features ‘Lambos’ And Bankers Out of Business

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Blockchain Week New York City, the most important annual conference for the cryptocurrency and blockchain ecosystem, is including gimmicks outside the event, such as actors portraying struggling bankers protesting against Bitcoin and Lamborghinis renewing the success stereotype among digital currency investors. ‘Bankers’ Protests and ‘Lambos’ Outside Blockchain Week Consensus 2018, the Bitcoin conference taking place

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German Bank Uses Bitcoin’s Blockchain for International Loans

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The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the largest network in the world enabling financial institutions to exchange formation about financial transactions. Cryptocurrencies are now taking over the business. Bitbond Allows Small Businesses German online bank Bitbond has announced it uses the Bitcoin’s blockchain to facilitate international transfer of fiat loans. Loans are

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Overstock.com Invests In Blockchain-based ‘Trust Economy’

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Overstock.com has gained a reputation among the cryptocurrency community for being the first major retailer to check bitcoin as a means of payment and for accepting over 40 digital coins today. The company, however, is more focused in the underlying technology as it continues to invest in the blockchain development to reform the ‘trust economy.’

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REX Shares to Launch Blockchain ETF, Managed by CNBC’s ‘Fast Money’ Brian Kelly

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The U.S. Securities and Exchange Commission (SEC) has blocked the filings of Bitcoin exchange-traded-funds (ETFs) even after the launch of Bitcoin futures contracts in December 2017. The regulator now seems closer to accept this financial instrument, but some investment firms chose not to wait and get creative. REX Shares is about to launch BKC, its

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Microsoft May Build Identity System with Bitcoin Lightning Network

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Microsoft, the world’s sixth-largest IT company by revenue, will have both cryptocurrency and stock markets watching as they announce its blockchain-based decentralized identity system at Consensus 2018 in New York City. The news may be especially bullish for Bitcoin as Microsoft developers hint they will use the actual Bitcoin chain to build the platform. Microsoft to

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