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The cryptocurrency market has entered a full-fledged state of depression, leaving many long-time investors frustrated and many first-time investors downright furious. However, the worst is almost certainly over. A hard fall Many uneducated cryptocurrency investors lump the major market players — Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and possibly Bitcoin Cash (BCH) — into the same category, even though there are fundamental and core differences between these cryptocurrencies. That group, according to Linda Butcher, co-founder of Rewards Blockchain LTD., is often believed to be on the verge of…

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Bitcoin was largely created as a means of undermining the control of governments and traditional financial institutions. Now, the dominant cryptocurrency by market capitalization is making it difficult for governments and central banks to manipulate their own fiat currencies. Losing Their Grip Bitcoin and other cryptocurrencies have made it easier than ever to move money across borders — and governments the world over aren’t too happy about it. As noted by The Telegraph, the ability for Bitcoin to circumvent government-imposed economic restrictions “could have significant implications across the world, upending…

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The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. Also Read: FBI Warns of Crypto Scammers Posing as Exchange Support Staff  Strengthening of Virtual Currency Regulations Top Chinese Monetary Policy for 2018 The report emphasizes the risks perceived to be associated with virtual currencies by…

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The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies GMO Strengthens Operations and Security GMO announced on Friday the establishment of its Group Information Security Audit Office “to strengthen information security management and audit function in the whole group.” The company wrote:…

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The CEO believes the need for GPU processors in the industry will help the company’s growth in the future. However, he claims that it will not be an immediate driver for profits just yet. Nvidia has been involved in cryptocurrency mining recently, a move which has seen its stock options decrease. However, despite the move, the CEO and founder of the company, Jensen Huang doesn’t see the cryptocurrency craze ending anytime soon. Speaking to Mad Money TV show host, Jim Cramer, the CEO mentioned that cryptocurrency was here to stay.…

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The Federal Bureau of Investigation (FBI) has published a document seeking to warn citizens of the increasing prevalence of scams executed through fraudulently posing as technical support staff for a company. The FBI’s notes that virtual currencies are becoming “increasingly targeted by tech support criminals.” Also Read: Mailchimp Latest Company to Ban Cryptocurrency Advertising Cryptocurrency Tech Support Theft on the RIse The FBI has issued a warning emphasizing the “widespread” nature of “Tech Support Fraud” – which “involves a criminal claiming to provide customer, security, or technical support in an effort…

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A patent application filed by Ford describes a Cooperatively Managed Merge and Pass (CMMP) system that would allow drivers needing to travel quickly to use less congested lanes, and travel more freely, by paying other drivers in cryptocurrency. Other road users would move to slower moving lanes and allow a paying driver to merge or pass. Vehicle-to-Vehicle Cooperation to Marshal Traffic Primarily, the patent, filed on September 16th, 2016, describes a system for “vehicle-to-vehicle cooperation to marshal traffic” whereby compatible vehicles communicate electronically to identify traffic “cataracts”.  The “cooperative adaptive…

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Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi Korea, a subsidiary of the Beijing-based crypto trading service provider Huobi, announced that it has officially launched on March 30. “Huobi Korea will list 100 coins and 208 markets (33 USDT markets, 98 BTC markets,…

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2018 has been a tough year for cryptocurrencies. It all started so promisingly, as January broke with the promise of $3 ripple and, in tron, an altcoin that was up 14,000% in 30 days. Things swiftly went south from there, and have been sinking ever since. Judged by their all-time high (ATH), the following coins are 2018’s greatest fallen angels. Also read: Chinese Investors Use Wechat Brokers to Bypass ICO Ban Meet 2018’s Worst in Class Having shed $600 billion in three months, the cryptocurrency markets are having a torrid time.…

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Apparently, Bitcoin is dead. That is what the world’s media have been telling us for as long as the crypto has been alive. In fact, the number of “Bitcoin is dead” articles is over 250, and counting. The doomsayers have been wrong time and again. Back in 2010 – just a year after the original crypto was released as open-source software – Tim Harford, the Financial Times columnist known as ‘The Undercover Economist’, discussed “why Bitcoin can’t be a currency”. At the time, one Bitcoin was worth $0.23. The next…

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