On the 22nd of February, 2018, Bank of America, in its annual report to the SEC, expressed its concerns over cryptocurrencies and its inability to "outcompete" the new fintech wave. BoA has cited the area of cryptocurrencies as a huge possible expenditure for the business of the bank and its eventual inability to stay on…
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Bitcoin’s rocky start of 2018 was not easy for investors, especially those who held their bullish expectations from December, 2017, when the “people’s currency” circulated around international exchanges for as much as $20,000 per coin. Now, as the crypto “bloodbath” seems to be tamed to some extent, although $550 billion were wiped out with the…
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After Starbucks’s coffee shop became a victim of cryptojacking, or cryptocurrency mining without the consent of users, now, one of the biggest technology and car companies in the world, Tesla has also come under cryptojacking. Usually, hackers mine for Monero and Bitcoin. What is more, when cryptojacking occurs, the computing power used significantly reduces the…
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After coming hard on cryptos, Korea has now changed its rigid position on regulation of cryptocurrencies. The Korean financial regulator came with a statement today that the government will support “normal transactions” of digital currencies, just only three weeks of banning trading through anonymous bank accounts. The statement was made by Choe Jeung-sik, the governor…
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Bitcoin saw really bad days at the start of the year. However, with February coming to an end, the "people's currency" is rising again to the top. It is now trading at $11,200, and while it's far away from its all-time high of $20,000 in December, 2017, the cryptocurrency is gaining momentum. According to CoinMarketCap,…
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Amid the cryptocurrency bloodbath in January 2018 and the recent comeback of Bitcoin and major alt coins, one trader made a huge bet by buying $400 million in the "people's currency". According to press, the anonymous investor bought Bitcoin when the price was coming to around $6,000, which now puts this person in the Bitcoin…
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The cryptocurrency market has become extremely complex and with more and more coins, ICOs, tokens, products and services coming up every week, the average person can definitely become perplexed as to what to buy, when to sell and which currencies to hold. To the rescue comes Crypto20, the first tokenized crypto-only index fund. The index…
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Many argue that online exchanges are a rip-off for users, especially when fees range anywhere from 1% to 8%. Coinbase, one of the world’s most popular digital wallets, overcharged thousands of dollars its customers instead of just taking the normal transaction fee. It recently came clear that the overcharging happened due to a bug linked…
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Western Union has recently came with a statement that the financial institution is seriously thinking about implementing Ripple within its systems. The experiment will start for basic money transactions and eventually evolve to capital optimization help. According to press, Ripple is becoming the front runner of most used digital currencies in the banking sector, which…
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While IBM is currently discussing the possibility of Blockchain being in use for the US government, the alcohol industry is not far away either. One of the most innovative uses of the technology is going to be introduced by the virtual bar and start-up QYK. The company's project plans to implement the technology in such a…
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