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The world’s ultra-rich continue to invest their wealth into the cryptocurrency space, even though they don’t really know what it is. A Playground for the Ultra Rich According to Knight Frank’s most recent Wealth Report, roughly 21 percent of the wealth advisers and private bankers who responded claim their wealthy clients added to their cryptocurrency investments in 2017. Admittedly, this isn’t a particularly surprising fact, as last year’s bull run witnessed the total market capitalization of cryptocurrency rise from $17.7 billion on January 1st to a high of roughly $615.6…

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Brazil’s Securities and Exchange Commission (CVM) recently suspended the operations of mining investment scheme, Hashbrasil. The CVM has accused the company of violating securities laws by conducting an unregistered public offering. Also Read: Chinese Altcoins Can’t Stop Failing Hashbrasil Suspends Operations After Warning From Brazilian Securities and Exchange Commission The Brazilian Securities and Exchange Commission has suspended solicitations from mining investment scheme, Hashbrasil – accusing the company of violating securities regulations. Last week, the CVM released a statement asserting that Hashbrasil and the company’s operator, Mr. Leonardo Janiszevski, were “publicly offering…

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The concept of “social physics” was first defined in the 19th century by Auguste Comte as “science which occupies itself with social phenomena, considered in the same light as astronomical, physical, chemical, and physiological phenomena, that is to say as being subject to natural and invariable laws, the discovery of which is the special object of its researches.” Social physics uses mathematical tools drawn from physics to gain insight into the behavior of human crowds. This definition has remained static over the centuries, though in modern commercial use, it can…

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Two Russian-based social networking platforms have announced they are now accepting cryptocurrency payments. Vkontakte, the most popular social media among Russian-speaking users, and Odnoklassniki, which has many subscribers in former Soviet states, will take bitcoin from advertisers. They also intend to start paying developers and partners in cryptocurrency. Also read: Russian Supreme Court to Decide the Fate of Bitcoin Sites BTC and BCH Payments to Be Processed by Bitpay Both Bitcoin (BTC) and Bitcoin Cash (BCH) will be accepted by a platform that the two social networks work with, Mytarget.…

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Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read: New Plant to Assemble Mining Rigs in Belarus The Cost to Mine a Single BTC Throughout 115 Different Countries Many people are very interested in how cryptocurrency networks function, and a lot of people are…

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Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme. Bitcoin Network Gets ‘Friendly’ AsicBoost The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.” Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving energy while refraining on harming the network. “Unlike covert forms of merkle grinding, it has…

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Cryptocurrencies are speculative instruments, their price predicated upon future prospects rather than current reality. As a consequence, many of them don’t qualify as outright currencies – at least not yet. While the likes of bitcoin, bitcoin cash, and ethereum can be freely spent on desktop and mobile, dozens more are barely usable outside of crypto exchanges, and in some cases have been that way for years. Also read: If Your Crypto Doesn’t Have a Mobile Wallet It’s Not Really a Currency Spendable Cryptocurrency: Coming Soon As everyone knows, cryptocurrencies are…

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As blockchain technology and cryptocurrency continue to revolutionize the way individuals invest, Phoenix looks to leverage smart contracts to add both a layer of transparency and security to the entire process. Their unique smart contract system can help even the greenest of investor fully take advantage of the value that distributed systems bring. Smarter Contracts Utilizing unique smart contracts, Phoenix has positioned itself to change the world of cryptocurrency by allowing users to continually grow their holdings while effectively mitigating risks. Users participate in Phoenix’s system by first interacting with…

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The cryptocurrency community is full of entrepreneurial people who think they can change the world. From challenging financial and tech giants to attempting to establish sovereign micro-nations, nothing is beyond their reach. A recent example shows they can even successfully convince countries to issue their own cryptocurrency. Also Read: High-Frequency Trading Firm Virtu Threatens Legal Action Against Virtcoin How a Coin Is Born The team behind Neema, an Israel-based remittances startup, has given interviews to various Israeli financial press about their involvement in the creation of the upcoming Marshall Islands…

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For the first time, a federal judge has upheld that Bitcoin and other cryptocurrencies are commodities and thus subject to regulation by the U.S. Commodity Futures Trading Commission (CFTC). Bitcoin & Cryptocurrencies Are Commodities U.S. Federal Judge from the Eastern District of New York, Jack Weinstein, ruled on Tuesday that cryptocurrencies should be treated as commodities, reports CNBC. Jack Weinstein The ruling is a landmark as this is the first time that a court upheld the CFTC’s jurisdictional assertion over cryptocurrencies like Bitcoin. Previously, the CFTC had stated that cryptocurrencies should come…

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