As reported by CipherTrace, a blockchain security firm, an equivalent of around $730 million in cryptocurrencies was stolen off exchanges in the first quarter of 2018. This is incredibly huge and has raised concerns among an array of investors and potential users of different ventures, particularly because these figures seem to be growing every year.…
There’s more than one way to invest in cryptocurrencies, but only long-term investing can spare you the day-to-day anxiety that comes with short-term events and price trends. We review four ways that twitches in the cryptocurrency market can cause investors grief and how long-term investing strategies avoid these pains. As of today, there are more than…
Residents of the city of Zug in Switzerland will be participating in a blockchain trial voting process [1] set to take place from June 25th to July 1st, 2018. The city, often referred to as "Crypto-Valley", has been a major hub of blockchain technology and will be testing this kind of voting process for the…
The cryptocurrency market has had its ups and downs this past year, but it has also shown a tremendous degree of potential and perseverance through all the growing pains. Although the future looks bright, one major concern for many investors has been the movement toward increased regulatory oversight. It is no secret that whispers of…
After establishing new rules and regulations for banks and fintech companies allowing them to trade unlisted securities using the blockchain, the French Council of State decided that cryptocurrency trading profits are under too much pressure, and has already taken the necessary action to alleviate the taxes. Unbeknown to us, for an unspecified period of time and based…
Founded and currently ran by Changpeng Zhao, Binance is the biggest cryptocurrency exchange in the world by daily trading volume. However, Binance has had a rough year that has culminated in the exchange announcing it would set up shop in the small island nation of Malta. It all started when China outlawed crypto exchanges, effectively…
The SEC continues to crackdown on the rogue elements operating within the cryptocurrency sector and has declared that the former Bitcoin exchange BitFunder was run by its founder as an "unregistered securities exchange" and defrauded its users. Unregistered Securities Exchange At the end of last month, The Securities and Exchange Commission charged former cryptocurrency exchange BitFunder and…
The European Union is prepared to regulate cryptocurrencies if the sector continues to remain inherently volatile and present substantial risks to new investors. If these risks are not tackled at the global level, the EU is ready to step in according to the Union’s financial services commissioner. Global Investment Craze Cryptocurrencies are extremely volatile and are prone…
The first and most important thing to know before investing in cryptocurrency is that it's volatile. As you're reading this article, the crypto market is attempting to recover from a series of February dips and January’s massive decline, during which billions of dollars in value evaporated into thin air. While the initial panic has certainly…
The government of Venezuela has turned to the world of cryptocurrencies in order to try and revive its ailing economy and escape both crippling debts and U.S. sanctions. The resource-rich nation has turned into a something of a digital asset pioneer by issuing a cryptocurrency officially backed by the state. The Petro Solution Despite being a…