When most people think of cryptocurrencies, they think of Bitcoin, Ethereum and blockchain platforms that allow decentralized autonomous applications to operate. The true value of cryptocurrencies lies in the decentralization and independence provided to the people. But the market focuses on something entirely different from that, due to being controlled by big firms, political decisions,…
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While Bitcoin may be facing backlashes from around the world, from governments and central banks to prominent CEOs, it is now announced it is “prohibited” by Islam. According to Middle East Eye and media, Egypt’s Grand Mufti Shawki Allam said in an official fatwa on Monday that trading with Bitcoin was "unlawful" according to Islamic rulings.…
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While many companies have invested huge amounts of money into blockchain and bitcoins, venture capital firms have gone in a slightly different direction. They invested primarily in tech companies that are involved in bitcoin and blockchain technologies, going around the “traditional” path of investing directly into digital currencies. However, the return on investment in companies…
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Celsius, a blockchain powered lending and borrowing platform, just announced that it aims to replace big banks and futures exchanges, like the CME and CBOT, with crypto coin holders who will earn returns through lending. Using its platform, which will launch in Q1 2018, Celsius members can easily borrow coins at significantly reduced rates compared…
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Russia has been one of the countries with the most controversial views on cryptocurrencies. The government announced in mid-2017 that the country had blocked Russians from accessing any cryptocurrency exchanges. Vladimir Putin has, however, said numerous times that he is looking into cryptocurrency opportunities. In addition, several educational reforms in leading Russian universities have been…
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After a fairly slow New Years weekend which saw Bitcoin prices drift down from $15,000 to the low $13,000's, the latest spark in the digital currency's rise to stardom has come late Tuesday in the form of a major endorsement from a very respected and successful Silicon Valley investor. Not just any investor, we are…
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After going on a roll with new all-time highs almost each and every day of the past week, Ripple (XRP) has now surged with more than 50% for one day, and has now a market capitalization of $83 billion, surpassing both Ethereum and Bitcoin Cash in total market value. According to CoinMarketCap, Ripple reached levels…
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Ripple, XRP, hit $1,30 on Thursday, December 28th, when it was around $0.25 per coin in December, earlier this month. The new all time high only signals the happy Ripple investors, who, unlike Bitcoin investors, seem to be on a roll this month. According to Business Insider, Ripple has increased its value with 71% this…
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After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…
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The price of bitcoin has shot up from $1,000 to $20,000 in 11 months while other popular cryptocurrencies like Ethereum, Ripple and Dash have increased in value even faster. Virtual currency is quite volatile these days, and here's LeapRate's recent conversation with Edwin Dearborn, CMO at e-Chat, who gives his expert commentary on virtual currency…
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