After Goldman Sachs and Circle announced the launch of their own cryptocurrency, now another financial services giant is getting ready to launch their own digital currency by next year. The Japanese Mitsubishi UFJ Financial Group (MUFG) is said to launch the digital asset by next year. The coin, called MUFG Coin, will be launched with…
Read moreAfter Goldman Sachs came down with its own cryptocurrency (Circle USD Coin - through its startup, Circle), now the next digital asset tied to another fiat currency is coming to life. The idea of "stablecoins", or digital currencies whose value is pegged to a fiat currency is a rather innovative idea, one that some argue…
Read moreThe SEC has decided to go for an unconventional manner to teach people about ICOs and related scams. The SEC has just launched its very own fake cryptocurrency website, called HoweyCoin website. According to press, the SEC chose the Howey Coins because of the so called Howey Test, where the "an all too good to be…
Read moreGoldman Sachs has just announced that it will be launching a new cryptocurrency called Circle USD Coin. In fact, Circle is a startup invested in by Goldman Sachs. The idea behind the new digital asset is to revolutionise how people transact on a daily basis. For example, while bitcoin was thought to be of transactional…
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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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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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Bitcoin undoubtedly took a few huge losses these two weeks. The currency dropped below $6,000 for the very first time since November. This morning, Bitcoin surged up to $7,200 and is now trading at around $8,200, signalling an upcoming stability in the crypto market. At its lowest, the crypto market saw a drop of $550…
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Robinhood, one of the unicorns of Silicon Valley, and the app that targets millennials to trade zero-fee stocks, has now set its eye on the hottest market:cryptocurrencies. This is a hugely positive news for US investors, since the option to trade zero-fee cryptos will be limited to certain states. Robinhood users will be able to…
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It's been a tough month for the cryptocurrency market. The market capitalization of the market went from $750 billion to around $550 billion in just under two weeks. Almost all alt coins decreased in value with the recent announcement that South Korea will be banning cryptos. However, with such "gloominess" among investors, things are looking…
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Technology moguls are by far the most frequent leaders to speak about the value of blockchain, Bitcoin and the overall cryptocurrency market. While central banks and governments are fighting against the power and revolution the digital currencies have created, technology leaders seem to understand and embrace the currency of the "future" constantly. Facebook's founder and…
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