[cryptomarketnews-blog]

Four ICOs Shut Down in Colorado Crackdown

In an ongoing Initial Coin Offering (ICO) crackdown in the United States, the Colorado State Department of Regulatory Agencies (DORA) has ordered the closure of four ICOs. These ICOs are not compliant with the rules of the U. S. Securities and Exchange Commission (SEC). Therefore, the SEC suspended their operations.

Regulators from all over the country are cracking down on these fundraisers. In fact, this is for the protection of investors’ and ensuring that companies abide by the Securities Act.

ICOs named by the Colorado State Department to Cease and Desist operations

The four ICOs: Global Pay Net, Cred, CrowdShare Mining and CyberSmart Coin Invest . Specifically, the promoters of these ICOs were ordered to cease and desist from offering unregistered securities in the state of Colorado. The move echoes similar steps from regulators and law enforcement across the wider United States.

Read More About it at - Initial Coin Offering

[cryptomarketnews-blog]

What the Dot Com Bubble teaches us About Cryptocurrencies

Remember the dot com bubble? If no, we’ll break it down for you. Well, it was a popular era where a  .com attached to a company’s name would guarantee a price hike. You may now be wondering, “What happened to the bubble?” Well, your guess is as good as ours. Of course, it has burst! This led to the eventual separation of the wheat from the chaff. Consequently, other key growth fundamentals began to matter, ensuring that businesses didn’t ride on the popularity of the domain name to succeed. However, the prices were at an all-time low. In precise terms, some companies lost up to 95%.

Is the cryptocurrency industry a bubble like dot com?

Despite the fact that many dot com companies were collapsing, some of them still experienced substantial success. However, it is noteworthy that the companies that excelled were those that had sound business models and real use cases.

Stay Updated With the Crypto Market News

[cryptomarketnews-blog]

Should ICE Add XRP and TRON on Bakkt?

Even though the Intercontinental Exchange (ICE)’s futures trading platform has yet to launch, it is increasingly taking over the headlines. Indeed, this didn’t appear as a surprise to cryptocurrency enthusiasts as the platform will herald the betting of institutional investors on the cryptocurrency space.

Similarly, ICE is developing Bakkt to meet key investors’ needs, which is a strong indication that many Wall Street movers and shakers will come around soon. On the other hand, users are already calling the yet-to-launch platform to catalog their preferred cryptocurrencies.

ICE lets the public choose

Anxious to know if the ICE platform will include additional cryptos, crypto users threw the question at the platform. The good thing is, not only did they get a response, it was also a positive one. Last Friday, Bakkt took to its Twitter handle to explain that it would consider expanding its contracts, noting that there is a caveat.

Read More@ Intercontinental Exchange News

[cryptomarketnews-blog]

Guide: Is Blockchain Technology Right for You?

Since its inception, this technology has come a long way and emerged as one of the most influential technologies in the world. The Blockchain has established itself as one of the incontestable technologies in the field of business transactions. However, it has its own set of limitations which may make its system less favorable for some traders.

Therefore, for any user, it is important to weigh the pros and cons of Blockchain technology. Based on the result, one should decide if it’s worth investing the time, effort and money.

However, before listing the pros and cons, one should understand what Blockchain technology actually is?

A brief explanation of Blockchain Technology

Essentially, the Blockchain is a specialized kind of database used for the storage of essential data and information. Since it is a database, one can store information involving different types of digital data. This could include transaction records detailing the trade of one or more cryptocurrencies. Or it could involve the personal files that someone stored in a cloud-based system. It could also involve the learning credentials of a user.

Stay Updated Yourself With the Blockchain Technology

[cryptomarketnews-blog]

Saudi Arabia Set to Launch Official Cryptocurrency in 2019

Media reports indicate that Saudi Arabia has been working on its own cryptocurrency for a while now. Indeed, the oil-rich Kingdom kicked off the project after signing a bilateral agreement with the United Arab Emirates (UAE). Currently, the details of the cryptocurrency project are still sketchy.

But Saudi authorities hinted that it will launch in 2019. Well, the Saudi Arabia Monetary Authority (SAMA), the Kingdom’s investment watchdog, says that its officials are working against the clock in that regard.

Details of the project

SAMA’s head Mohsen Al Zahrani points out that they are developing the project in collaboration with the UAE. On the other hand, the Saudi Press Agency broke the news, noting that the Saudi authorities have yet to provide full details of the virtual currency. On his part, Mubarak Al-Mansouri, the governor of the Central Bank of the UAE gave a hint. Speaking to journalists, Al-Mansouri disclosed that the cryptocurrency is in the design phase.

Stay Updated Yourself With the Cryptocurrency News

[cryptomarketnews-blog]

New Study Suggests Why Cryptocurrencies are Crashing

With the latest cryptocurrency price crash, Bitcoin (BTC), the most preeminent cryptocurrency, could potentially go below $4,000 USD. Sadly, there is no end whatsoever in sight. As expected, scores of cryptocurrency analysts are suggesting various reasons for the crashing of the cryptos.

Indeed, the most popular narratives that these analysts are peddling are the hash war over Bitcoin Cash (BCH) and U.S. investment regulator crackdowns. However, a study gives an entirely different perspective on the subject.

Cause for the crashing crypto prices

According to the Chainalysis study, Bitcoin payments have shriveled over the course of the year, which is an indication that the cryptocurrency bubble has burst. This contributed heavily to the crashing crypto prices. The premiere blockchain analysis firm disclosed that BTC transactions tanked by 80% to $96M USD in September 2018.

Stay Updated Yourself With the Crypto Market News

[cryptomarketnews-blog]

Cryptocurrency ETFs: What are they and what do they do?

Chances are that you have heard about ETFs if you are into cryptocurrencies. They have been in the news recently for their activities in seeking regulatory approval. ETF stands for Exchange Traded Funds.

Cryptocurrency ETFs are digital coin exchanges on which cryptocurrency trade occurs. They are based on blockchain technology but the idea is similar to the normal currency exchanges.

Understanding ETFs generally:

Exchange Traded Funds have been in existence for quite some time. Traditionally they are used to trade stock over an extended period of time. An ETF bundles commodities, indexes or group of assets together to create a common fund. It is the shares from this fund that are then traded on the stock exchange. As with any other trade, these funds are subject to price fluctuations.

Stay Updated Yourself With the Cryptocurrency ETFs News

[cryptomarketnews-blog]

Top Cryptocurrency Gainers — November 20, 2018

One of the top performing cryptocurrencies of the day is USD Coin. USD Coin (USDC) is currently up 1.37% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 20, 2018. USDC has a current market cap of $146,143,354. USD Coin traded with a volume of$35,525,469. One USD Coin token can be bought for $1.02 or 0.000229970 BTC. The amount of USD Coin in circulation is 142,645,859 USDC.

Read More@ Cryptocurrency News

[cryptomarketnews-blog]

Top Cryptocurrency Gainers — November 19, 2018

One of the top performing cryptocurrencies of the day is Factom. Factom (FCT) is currently up 32.18% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 19, 2018. FCT has a current market cap of $71,868,000. Factom traded with a volume of$6,458,213. One Factom token can be bought for $8.22 or 0.001546200 BTC. The amount of Factom in circulation is 8,745,102 FCT.

Read More About it at - Cryptocurrency Gainers News

[cryptomarketnews-blog]

Top Cryptocurrency Gainers — November 17, 2018

One of the top performing cryptocurrencies of the day is Factom. Factom (FCT) is currently up 7.85% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 17, 2018. FCT has a current market cap of $50,884,134. Factom traded with a volume of$2,153,514. One Factom token can be bought for $5.82 or 0.001047024 BTC. The amount of Factom in circulation is 8,745,102 FCT.

Read More@ Top Cryptocurrency Gainers News

[cryptomarketnews-blog]

IMF Makes its Case for Blockchain Technology

The International Monetary Fund (IMF) says it is engaging in research and experimentation involving blockchain technology and cryptocurrencies. Therefore, the financial body hopes to anchor its future developments in this technology in a bid to keep up with changing trends. To this end, this body has called for stricter legislation to regulate cryptos.

Fintech Caucus on Blockchain and Cryptocurrencies

Speaking at the Singapore Fintech festival 2018, IMF Deputy General Counsel, Ross Leckow, identified three key areas the financial body will focus on regarding the blockchain and general tech. These are Artificial Intelligence (AI), the Distributed Ledger Technology (DLT) and crypto assets. Ripple CEO, Brad Garlinghouse, joined Mr. Leckow.

Speaking to the audience, he said that “The IMF is devoting a lot of attention to Fintech and in particular to the blockchain.” Additionally, he indicates that the discussion at Fintech comes at an opportune time, after consolidating the blockchain with other emerging technologies. According to him, it is difficult to talk about the blockchain without considering cryptocurrencies.

Stay Updated Yourself With the Blockchain News

[cryptomarketnews-blog]

Ripple (XRP) to Displace Ethereum (ETH) in Rank

On Tuesday, the price of Ripple (XRP) spiked by 4%, indicating that it could potentially displace Ethereum to become the world’s second-biggest cryptocurrency by market cap.

Indeed, this surge happened after Ripple Lab’s CEO Brad Garlinghouse restated the need for a global framework for crypto-based payments. The chief executive also engaged in a tirade against Bitcoin (BTC), saying that it has become a monumental failure. Garlinghouse told Bloomberg that the Lab is tackling the pain points in cross-border payments. He added that the value of the cryptocurrency would depend on its ability to solve problems.

Promoting Ripple

In a bid to promote the virtual currency, Garlinghouse participated in the Singapore FinTech Festival. Just like a typical salesman, he told Bloomberg that XRP was 1,000 times faster and cheaper than Bitcoin. The XRP evangelist compared the two cryptocurrencies, encouraging anyone who cared to listen to give XRP a try.

Read More@ Ethereum Latest News

[cryptomarketnews-blog]

DogePal is Aggressively Pushing Dogecoin (DOGE) to the Mainstream

One of the challenges bedeviling cryptocurrency is its use as a payment method. Today, cryptocurrency is commonly used as a speculative investment asset rather than a way to make payment. Indeed, people rarely use virtual currencies to pay for goods and services. However, this is its core function, according to Satoshi Nakamoto’s Bitcoin white paper. Additionally, all that is about to change as many companies are showing some level of commitment to pushing alternative currency into the mainstream.

One of these is DogePal Dogecoin (DOGE), which began as a joke with a dog meme, is about to be the game-changer in the cryptocurrency ecosystem. From a rejected stone to a cornerstone, DOGE is growing despite the market downtrend. Today, its market cap hovers around $373M USD. What’s more, DOGE exchanges at $0.00321. With determination to see DOGE succeed, DogePal is one of the companies spearheading the mass adoption of DOGE. Therefore, the company facilitates email-to-email payments with DOGE.

Read More@ Dogecoin news

[cryptomarketnews-blog]

Commercial Real Estate will Never be the Same with Blockchain

We’re now finding blockchain in Commercial Real Estate, too.

Commercial Real Estate is growing rapidly

Strong yields, the potential for respectable returns, reduced volatility, tax benefits, and a bright future are attractive to investors. In fact, one of the biggest advantages to owning property is that tenants pay you rent. Therefore, these property investments provide a predictable monthly income.

It is no surprise that real estate is still a desirable investment

One of the biggest investors in U.S. Commercial Real Estate is Canada.  Just over the last 12 months, the country secured more than $19.63 billion in assets. Canada was one of the top investors in 2017 as well.  Even China, Singapore, France, and Germany are quickly seizing real estate opportunities in the U.S.  Considering increased interest from other countries, improved transparency in deals becomes a necessity.

Stay Updated Yourself With the Blockchain Technology

[cryptomarketnews-blog]

IBM Blockchain Utilized By Seagate To Prevent Computer Counterfeits

Data storage giant Seagate is currently facing major counterfeiting problems. The problem remains larger than expected because cyber-crime and the counterfeiting of products continue to rise. There are multiple avenues where counterfeiting arises from fraudulent hard drives to dressed up USB sticks. According to a reverse supply chain the fake products penetrate the major markets such as eBay.

The Cupertino based company devised a two-fold plan. They aim to eliminate the $100 billion in counterfeit products affecting the hardware industry. In addition, the company seeks to introduce cryptographic signatures that makes their products unique. However, to ensure that the entire supply chain is free from fraud Seagate partnered with IBM. The process aims at introducing blockchain technology to help with boosting security. If the process runs smoothly, Seagate expects to reduce the level of fake products in the market.

Read More About it at - Blockchain Latest News

[cryptomarketnews-blog]

How Coinbase and Binance Still Expect to Post Billions in Revenue

Cryptocurrencies may not have had an exemplary year. But exchanges did.  In fact, major exchanges continue to rake in billions in revenue, despite depressed cryptocurrency prices.

Coinbase Expects to Post $1.3 Billion in Revenue

For 2018, the United States’ biggest cryptocurrency exchange expects to produce revenue of $1.3 billion, according to Bloomberg. On top of that, it’s expected to post a profit of $456 million.  That’s quite an improvement from a 2016 loss of $16 million in 2016, and a $380 million profit in 2017.

Binance Expects to Post $1 Billion Profit

CEO Changpeng Zhao expects Binance to produce a profit of $1 billion for 2018.

The company now supports over 10 million customers, generating an average of $1.5 billion in trade volume each day. That’s up from just a million customers from the start of 2017.

Read More About cryptocurrency exchange at Bittpress

[cryptomarketnews-blog]

Top Cryptocurrency Gainers — November 04, 2018

One of the top performing cryptocurrencies of the day is Bitcoin Cash. Bitcoin Cash (BCH) is currently up 13.38% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 04, 2018. BCH has a current market cap of $9,339,646,731. Bitcoin Cash traded with a volume of$950,371,137. One Bitcoin Cash token can be bought for $535.54 or 0.084059809 BTC. The amount of Bitcoin Cash in circulation is 17,439,638 BCH.

Stay Updated Yourself With the Top Cryptocurrency Gainers