Exchanges have played a vital role in bringing cryptocurrencies to the masses. As the primary means to convert fiat into blockchain assets, they are indispensable to the crypto economy. Exchanges have evolved significantly over the years, and as they take on new roles they demonstrate that the blockchain revolution is still in its infancy. Recently…
As the cryptocurrency revolution moves forward, governments, and their central banks, are scrambling to develop policies to manage and regulate the field. Although financial leaders are intrigued by the potential of blockchain technology, they have made no secret of their opposition to decentralized cryptocurrencies. Banking bans have emerged as their latest tool in an attempt…
Earlier in July hackers successfully gained access to an internal wallet belonging to the Bancor platform and managed to steal $23.5 million worth of Ether, Pundi X, and Bancor tokens. This incident is one of many that appear with regularity in the crypto space and contribute to public skepticism of blockchain assets. Simply put, despite…
Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…
The Internet of Things (IoT) is a phenomenon technology experts routinely assert will soon transform the modern world. Within five years, tens of billions of devices are expected to be wirelessly interconnected, communicating with each other to make the modern world vastly more efficient and productive. Blockchain developers, recognizing the revolutionary potential of this technology,…
In April, the Reserve Bank of India (RBI) issued a banking ban on cryptocurrency trading and use. This ban prohibits banks from working with exchanges or other crypto businesses, and went into effect on July 6th. It is designed to shut down crypto use in India by making fiat conversions impossible. Nevertheless, India’s crypto community…
The market declines that have affected cryptocurrencies this year have prompted many traders to express concern about the future value of the technology, but actions by players behind the scenes paint a very different picture. Interest from professional and institutional investors is growing swiftly, and the mood is very optimistic. This year has seen a…
Last week, at the Crypto Evolved conference in New York, a representative for the Federal Bureau of Investigation stated that America’s top law enforcement agency currently has one hundred-thirty active investigations related to cryptocurrency. Agent Kyle Armstrong noted that this number was but a “small sliver” of the thousands of cases the FBI was working…
Despite the decline in crypto values, the blockchain space is maturing at a very rapid pace. Development and adoption are at all-time highs, and global interest continues to spread. Over the next few months blockchain technology is expected to move beyond the theoretical and into real-world usage. This step promises to substantially increase the significance…
Bitcoin continues to experience a bearish price trend, at one point falling below $5,800 over the weekend, which is a new low for the year. Although there is no single reason for the price correction, a number of significant factors are no-doubt playing a role. These include regulatory and hostile actions by governments as well…
