Ripple XRP: A Budding New Business
By Sam Mitchell
Like other cryptocurrencies, Ripple XRP is back on course. However, the price retardation that has been experienced in the last 48 hours has not spared Ripple XRP either. This kind of shakeup has certainly affected unconfident crypto enthusiasts. Perseverance Is Key The Ripple XRP community is an ecosystem of crypto enthusiasts anticipating to see Ripple XRP grow into prominence with the emerging adoption options. An outstanding quality with entrepreneurship is...
Electrum Wallet Is Adding Support for Bitcoin’s Lightning Network
By Umberto Papa
The popular wallet service Electrum is soon to add support for bitcoin’s lightning network. Electrum’s founder Thomas Voegtlin told CoinDesk from the BIP001 blockchain event in Odessa, Ukraine, that work on the solution for sending lightning transactions with the Electrum wallet is now close to its official release. While he declined to reveal a specific release date, Voegtlin said: “We’ve been doing this work for about a year in a separate...
Maximize Your Returns – 4 Crypto-Tax Tips
By Sam Mitchell
This piece is an insight by Jim Calvin, a tax expert at Deloitte on some of the tax tricks that professionals in financial firms use to maximize tax returns. He has been in the crypto industry since 2014. He is also a professional at Deloitte. But before we dive in right into the main issue, Jim Calvin gives background on his crypto interest. He says it emerged while he was...
Four Reasons Why Crypto Exchanges Lie about Transaction Volumes
By Jason Bloomberg
A few weeks ago, Bitwise Asset Management released a report that concluded that as much of 95% of the crypto trades at leading exchanges are fake (see the MIT Technology Review article or the Wall Street Journal article for summaries of the results). The question I’d like to ask here: why would crypto exchanges want to generate fake trades? Exchanges want users and investors to think their businesses are booming....
Neteller Gets Into Cryptocurrencies
By Sam Mitchell
An online fiat wallet provider has launched its Cryptocurrency exchange. Neteller users can now purchase, sell, and store virtual currencies such as Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash, and Bitcoin on the platform. The company has joined Skrill, which recently launched a similar program on July 25. Nettler To Make Cryptocurrencies More Accessible Neteller has become the latest company to add the virtual currencies after the company announced the launch...
What Is Cryptocurrency Mining?
By Sam Mitchell
The past few years have seen bitcoin and other cryptocurrencies slowly grow into popularity. The number of people trading in crypto is always growing, save for the recent turbulence that has brought the industry to its knees. But, it’s not the first time cryptocurrencies have been discredited, they always fight back and when they do, the crypto craze will return again. But this also doesn’t mean that nobody wants crypto....
Binance Labs Launching Eight Start-Ups
By Sam Mitchell
Binance labs has announced that it will be launching eight different Blockchain start-ups. The Blockchain start-ups are from the recently concluded Binance Labs San Francisco chapter which saw the incubation of the start-ups for the past few months. It was focusing on giving mentorship guidance and providing resources for the start-ups. Eight Blockchain Start-ups Selected More than five hundred projects submitted their applications for a chance to get into the...
Interesting Bitcoin Conspiracy Theories
By Sam Mitchell
There is no denying that most of the mysteries surrounding bitcoin fall back to the mysterious identity of its original creator. Also, the fact that there are no unequivocal proofs to dismiss claims supported by the notion further fuel the plausibility of some of these theories. Regardless of the case, some of these theories serve a comical relief in these tough crypto times. But before we look at the theories,...
Crypto Trading And Happiness
By Sam Mitchell
A 2011 study was conducted using hospital records in California. After a three year assessment of the data collected from the study, there was found to be an inverse relationship between the number of hospital admissions and the daily stock returns. The results in the study were not particularly shocking. The study confirmed that fluctuations in the stock market have a direct impact on investors’ health. Conductors of the study...
Danish Cryptocurrency Traders To Pay Taxes
By Sam Mitchell
Danish tax authorities are planning to collect information about the country's Crypto traders in the country and beyond. Local exchanges are expected to play a major role in providing the identities of their customers to help the authorities to achieve their goal. Other countries also stand to benefit, as they will get important information about the Crypto activities of their nationals. Target Agency Targets Three Exchanges In Denmark Skatterådet, the...
Polychain & Binance Funding A Malta-Based Crypto-Friendly Bank
By Sam Mitchell
Cryptocurrency giants, Polychain and Binance are now funding a crypto-friendly bank that is based in Malta. The bank is known as Founders Bank and is supposed to kick operations in 2020. Brain Behind This Initiative Paula Pandolfino may appear to some people as a walking contradiction. This is due to the fact that she is both a banker and a Bitcoin enthusiast. The Malta-native was personally involved in BTC investment...
Selecting A Crypto Wallet That Meets Your Needs
By Sam Mitchell
If you are thinking of randomly selecting any crypto wallet you find, you will be doing it the wrong way. And it could be the worst decision you will ever make that could result in loss of coins. A suggestion from a friend is not good either. It’s important to seek knowledge first before settling for a wallet. Remember your wallet is where your public keys and private keys reside...
Exim Bank To Use Xrp Cryptocurrency In Settling Cross Border Transactions
By Sam Mitchell
Euro Exim Bank is in line to becoming the first bank to officially announce the utilization of the XRP digital currency in facilitating cross-border payments. Euro Exim Bank is based in London and mainly focuses in the provision of financial services to businesses involved in imports and exports. Exim Bank Collaborates with Ripple Ripple made the announcement that Euro Exim Bank will be using XRP for cross border payments on...
Expanding Global Reaches – Ripple’s Success Stories
By Sam Mitchell
The recent Ripple Regionals Event held in London was an eye-opener to say the least, in the Blockchain community. Attendees got a chance to hear the most exciting stories of how Blockchain helped successfully grow new markets in Mexico, Philippines and beyond for three European business leaders. The companies shared how they used the Blockchain in overcoming the barriers of exotic currencies. Thanks to technology, they can now make cross border payments...
EOS And How It Works
By Sam Mitchell
EOS is a relatively new Blockchain project in the crypto space with an objective of building a network with the capability of handling millions of transactions at a go. The cryptocurrency started on a high note with some very interesting Initial Coin Offering for a number of reasons; First, the EOS ICO ran from 26th June 2017 to June 1st 2018, a total of 350 days, making it the longest...
Blockchain Technology Debuts Sukuk Transactions For Islamic Banking
By Sam Mitchell
Al Hilal bank has applied Blockchain technology in executing the world’s first Sukuk transaction. In this particular case, distributed ledger technology was used to facilitate a resale and settlement of an Islamic Sukuk. On Monday, November 26th, the Abu Dhabi-based Sharia complaint bank issued a deal worth US$500 million that will be maturing in September 2023. As the first Islamic bank to use Blockchain in the trade of Sukuk, Al...
Bitcoin Cash Acquires Over 140% This Week
By Sam Mitchell
Lately, the crypto markets have been experiencing an upward trend. However, a majority of the prices of leading virtual coins asset have witnessed good gains over the last one week. Approximately $132 billion is the overall market capitalization of all the coins that are in existence as of Sunday, 23rd December. On top of that, the international trade volume has significantly increased. This is considering the fact that it is...
The Other Side Of Decentralization Of Crypto
By Sam Mitchell
Crypto pioneers are shying away from calling what they are building as institutions. And we know the reason why. It’s because the term has a background of centralization, the one factor that cryptocurrencies want to avoid at all cost. At least until you mention institutional capital and the term is now acceptable. If you look at history and what has driven the economy of the most advanced nations in the...
Trade Bitcoin? Risk a $10 Million Fine and 30 Years in Prison for Violating Sanctions
By Jason Bloomberg
I like to joke that any proof-of-work crypto like Bitcoin and Ethereum puts the control over transactions into the hands of organized crime and/or a few guys in China (the best humor being true, of course). So what if those few guys in China get in bed with the Iranian government? In that case, run-of-the-mill organized crime is the least of your worries. This situation hit the news this week,...
Major BTC Mining Facility Now Operating In Canada
By Sam Mitchell
Whereas there are certain cryptocurrency users who are still worried about the bear market, DMG Blockchain Solutions, a major Bitcoin mining facility in Canada has officially started its operations as earlier announced. Signs Of No Bear Market Barely three months after the announcement was made, DMG Blockchain Solutions, a BTC mining facility that was announced in July has now gone live in Canada’s British Columbia. Even though the full capacity...
Latest Crypto News
March 17, 2023
NFTs in the Adult Industry
What are the NFTs? Before diving into the topic of NFTs (Non-Fungible Tokens) in the adult niche, it’s essential to understand what NFTs are and how they work. NFTs are unique digital assets that are stored on blockchain technology, making them one-of-a-kind and impossible to replicate. They are essentially a type of digital certificate of […]
October 14, 2019
Going on 2020, What Crypto And Blockchain Investors Have To Know
The markets have revealed a lot in 2019. We now have to use some of those insights coming into 2020. Considering what happened in 2018, 2019 wasn’t such a bad year per se. We had a bull run during the first half of the year, although the prices stagnated and dropped at some point, it’s […]
October 12, 2019
Find Love on Blockchain
From use cases in energy, finance and insurance industry, blockchain now has a new use case; finding love. Yes, you read it right, blockchain is now a solution to finding your soulmate. If you have tried other technologies like tinder, then you know that not everything is real and the world can be very deceiving. […]
