PR: Game Machine – Exciting Time to Be an Investor in Gaming Industry
Video games industry is making a name for itself in the global market. According to ESA, in 2017 profit was more than $36 billion in US alone and $116 billion worldwide. The other booming part of economy nowadays is cryptocurrencies’ mining. The idea of combining two was developed by Game Machine project, which already has a working product and conducting Token Sale.
Most Cryptocurrencies Are More Centralized Than You Think
The whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace. Throw in the cult of a strong leader, and […]
Bitgo Snaps Up Kingdom Trust, Paving the Way for Custodial Cryptocurrency Offerings
Bitcoin payment specialists Bitgo have announced the acquisition of Kingdom Trust, an investment firm with custody of over $12 billion in assets. The move will enable the South Dakota-based Kingdom Trust Company to offer custodial cryptocurrencies such as bitcoin, ripple, and ethereum to its investors. This will make it easier for traditional investors to enter […]
Premier League football club Arsenal FC has announced a partnership with Cashbet, a cryptocurrency marketing itself as being “designed specifically for iGaming” – comprising the first instance of a cryptocurrency sponsoring a major soccer team. Partnerships between sporting entities and virtual currencies appear to be quickly proliferating worldwide, with newly crowned Bellator MMA welterweight champion, […]
Bank of Japan: No Big Problems With Bitcoin So Far
It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach. Also read: Tezos […]
Malta Extends Scope of Proposed Virtual Currency Regulations
The Malta Financial Services Authority (MFSA) has published a ”feedback statement” regarding its proposal for regulatory guidelines governing collective investment schemes involving virtual currencies (VCs) operating in the European archipelago nation. The statement has been issued following a consultation period from the 23rd of October 2017 to the 17th of November – in which the […]
Coincheck Halts Operations Amidst Hacking Rumors After $723 Million Withdrawn
One of Japan’s largest cryptocurrency exchanges has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM, with the altcoin’s foundation president Lon Wong then tweeting “It’s unfortunate that coincheck got hacked. But we […]
Robinhood Smartphone Trading App Adding Bitcoin and Ether
Popular smartphone app Robinhood announced it will begin to allow users to trade bitcoin next month, and without transaction fees. Until now, online retail brokerage platforms have been careful about dabbling in bitcoin by way of futures contracts, preferring not to deal directly in cryptocurrency. The young app is ready to try a loss-leader model […]
Russia Finalizes Federal Law on Cryptocurrency Regulation
The Russian government is in the process of finalizing the federal law for the regulation of cryptocurrencies and initial coin offerings. The draft law has now been officially published. It regulates the creation, issuance, storage, and circulation of cryptocurrencies. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Legal Crypto Definitions The […]
PR: Genie Financial Services ICO Adds Cryptocurrency Heavyweight David Drake and Other Experts to Its Advisory Board
Crowd Genie Financial Services Pte Ltd (“Crowd Genie”), an operator of a Peer-to-Peer (“P2P”) lending platform licensed by the Monetary Authority of Singapore (“MAS”), looking to build an Asia-wide exchange of financial assets through its related entity CGSPV Pte. Ltd., today announced the appointment of a new board of advisors ahead of its Initial Coin Offering (“ICO”) public sale on 1 February 2018.
