Beginning as a technology for financial ledgers only, blockchains have grown to become the corporate hype word around the globe. It’s touted as the invention that will change business processes, disrupt governance as we know it, change international businesses for the better, and create a world where the user is in control – call it…
Cryptocurrencies are expected to become a mainstream payment solution within the next decade, a new research has proposed. The paper argues that cryptocurrencies are already fulfilling one of the three functions of money - they are acting as a store of value - and that it is only a matter of time before they begin…
In a story published on June 6th, Finews.com reported that Hypothekarbank Lenzburg is the first bank to formally open up towards cryptocurrency projects in Switzerland. They will offer business accounts for local blockchain and cryptocurrency companies. Being a smaller bank does not stop this technology-based banker to take charge and lead the market. In the words of Marianne…
On September 29th, South Korea's Financial Services (FSC) announced a ban on all forms of initial coin offerings regardless of the technology or terminology employed. The FSC reasons that ICOs are too speculative and volatile and wants to protect investors from scams and market manipulation. Furthermore, the FSC will continue to discuss regulations regarding established…
Two months ago a seismic shift appeared to be underway among cryptocurrencies. Ethereum was on the verge of overtaking Bitcoin in terms of both market share and fiat value. Other competing coins, such as Litecoin and Ripple, were also rapidly advancing. Although Bitcoin’s fiat value had reached record highs, many analysts believed that it would…
Altcoin prices have advanced over the past 12 hours in response to the hard fork of the Bitcoin blockchain and creation of Bitcoin Cash. The hard fork, which is underway, has caused concern over the value of Bitcoin, which has recently been trading at over $2800. As Bitcoin Cash threatens to devalue Bitcoin, investors are…