The price of Bitcoin is everything but stable these days. And while there are many analyses and news as to why the "people's currency" is jumping up and down with huge price swings, there may be a simpler economic explanation. According to some press, the reason why the price has been recently moving are the…
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The London-based ONEm Communications has launched the so called mCoin, a "pseudo-mining" program on the oldest continent. The mCoin is distributed to people through the method of "pseudo-mining", meaning that users can receive the coin if they do something good for the society. For now, the company gives people the coin by making them text…
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The financial industry has not made up its mind when it comes to cryptocurrency regulation. However, one of the strictest regulators in the United States, The New York Department of Financial Services (NYDFS) has approved the launch of two stablecoins, both pegged to the US Dollar. The investors behind the project are the Winklevoss brothers,…
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Bitcoin is sinking and taking all alt coins down with it, it seems. The price of the "people's currency" is going down and has reached a price level of $6,900 according to CoinDesk. In December 2017, the price of Bitcoin reached $20,000. Back then, a lot of investors were bullish on the future of Bitcoin.…
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Line is a Japanese company that offers free calls and messaging services on a variety of smart phones, including PCs. The company has just announced that it has launched its very own token based on the blockchain network. The name of the cryptocurrency is LINK, while the name of the blockchain system is LINK Chain.…
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MyCrypto, Inc., an open-source interface that simplifies the process of storing, sending, and receiving digital assets, has just announced it has raised $4 million in a Series A round of funding led by Polychain Capital. With these new resources, MyCrypto aims to build the first mass consumer friendly gateway for cryptocurrency users. MyCrypto provides a…
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Carverr, a Swiss startup, is taking the cryptocurrency industry into a whole other place. Investors are now able to use synthetic DNA to store their Bitcoin, all thanks to the revolutionary work of Carverr. The company has started a platform that essentially enables investors to convert their cryptocurrencies and the private keys into DNA, which…
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Venezuela introduced its state-backed cryptocurrency, the petro and now the President of the country has ordered all banks to adopt the new digital currency as of this past Monday. Venezuela is suffering from a huge economic and political crisis, with the US sanctions coming in force with hunger and even water crisis in the capital.…
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Canada has decided to put off the cryptocurrency regulations, which were due this autumn. They were supposed to publish the regulations in the Canada Gazette, but that will not happen until some time in 2019. Canada is one of those countries that cannot be categorised as "pro" or "against" cryptocurrencies. Essentially, since the country is…
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Iran is one of those countries that arguably is going to launch its own cryptocurrency very soon. After Venezuela made the Petro. a digital coin, its official currency, some other countries seem to be ready to launch their own digital money. According to media, the President of Iran, Mr. Hassan Rouhani stated that the cryptocurrency "plan"…
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