As debate rages upon the subject of gun control, a professor at Washington State University has suggested using blockchain technology to make an impact. The topic of gun control has become a hot topic once again in the United States due to the recent school shooting in Florida. As pundits from both ideological sides of the issue rage back and forth, a new wrinkle has emerged: blockchain technology. A professor of public health at Washington State University has proposed using the blockchain to help address the issue. Firearms and Blockchain…
Read MoreMonth: February 2018
An Ethereum Classic Fork Snapshot Is Coming Next Week
Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The First High Profile Hard Fork Is About to Get Forked The funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received…
Read MoreHow Regulations Will Impact ICOs in 2018
Cryptocurrency has been around for a number of years, but it really gained traction and popularity in 2017. It went from being the money of the future to the latest and greatest way to invest and get a great return rather quickly. Initial coin offerings (ICOs) are one of the investments that gained popularity along with cryptocurrency because they go hand in hand. An ICO is a crowdfunding method that uses cryptocurrency instead of cash. Companies will offer tokens in exchange for a cryptocurrency that they specify. The token can…
Read More46% of Last Year’s ICOs Have Failed Already
It has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a smash-and-grab robber. Having completed an extensive study into last year’s crowdsales, news.Bitcoin.com can report that 46% of them are effectively dead already – despite raising over $104 million. Also read: FBI Arrests Exchange Operator for Lying…
Read MoreMeet the Rouge Project: a Game-Changer in the Coupon Market
The coupon market came out in the early twentieth century, mostly in the US and Europe, and since then has grown exponentially. The internet boom allowed companies to provide their clients with all kinds of discounts and rebate on various goods. Today, we’re living in another technology revolution, lead by the blockchain, so the concept of coupons might transform by corresponding to the security and transparency of the emerging technology. One particular startup, called the Rouge Project, has already made a step ahead of the competition and came with a…
Read MoreCrypto-Backed SALT Claims $1.3 Billion Backlog, Suspends New Memberships
Secured Automated Lending Technology (SALT) has an enviable problem if its recent Medium post is to be believed. The membership-based crypto-as-collateral loan platform has declared “a demand of over $1.3b in loan requests” is forcing it to suspend “new membership registrations, loan requests, and purchases of SALT.” Also read: How To Regain Control From Nanny Zuck SALT Comes to a Halt Colorado-based SALT has only been around since late 2017, but during that time it claims to have issued “over $23m in blockchain-backed loans.” If that wasn’t enough, “there is still…
Read MoreRobinhood App Goes Live with Cryptocurrency Trading
The popular stock market trading app announced cryptocurrency trading would be here in the coming weeks, and that day is finally here for the 1 million people who’ve signed up for the beta. Streamlining the Process of Buying In Robinhood is extremely popular with teenagers and young adults because it offers a completely fee-free way to invest in the stock market. This can be very attractive to younger people as they don’t have to deal with the complications that come with investing with a traditional stock brokerage and lets them…
Read MoreFrance Cracks Down on Bitcoin Derivatives
Autorité des marchés financiers (AMF), the independent regulatory body governing France’s stock market, issued two statements today, one on initial coin offerings (ICOs) and another on the prospect of bitcoin derivatives. Both point to more oversight to come for crypto in France, including everything from formal authorizations to a ban on advertisements. Also read: How To Regain Control From Nanny Zuck France Cracks Down on Bitcoin Derivatives AMF, France’s markets regulator, insists bitcoin derivatives are subject to the European Union’s Markets in Financial Instruments Directive (MiFID II) which trigger all…
Read MoreCentralized Cryptoruble Not Possible, Minister Tells Putin
The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media. Also read: Russian Authorities Criticized over Proposed Crypto Regulation Educating the President Responding to Vladimir Putin’s request to study possibilities to emit а so-called “cryptoruble”, Minister Siluanov has tried to educate Russia’s head of state on the nature of cryptocurrencies. In…
Read MoreivyKoin Seeks to Bridge the Gap Between Legacy Financial Institutions and Cryptocurrency
Legacy financial institutions have generally taken a hands-off approach when it comes to cryptocurrencies due to their lack of transparency and promotion of anonymity. ivyKoin is looking to break down those barriers through its unique transfer of KYC (know your customer) and KYT (know your transaction) data via their blockchain network. Legacy Systems Need a Hero With trillions of dollars being transferred on an international scale daily and the growth trajectory of cryptocurrencies, a solution is needed to introduce clean cryptocurrency transactions to existing payments systems. The continuous issue that…
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