MailChimp, one of the leading email automation service provider, has just updated their terms of services, banning the promotion of ICOs and cryptocurrencies through its service. The updated policy states that the company “[will not allow] businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and…
Mayor of Seoul, Park Won-soon, has recently announced that the city will soon have its own digital currency and that multiple groups will be built dedicated to exploring blockchain technologies, and all its future implications. In the words of the Mayor of the South Korean capital, “given that Seoul has become a leader in the…
According to data from the World Intellectual Patent Organization, 2017 saw around 400 blockchain related companies filing a patent application. China ranks first with nearly 200 patent applications filed for blockchain related technologies whereas the US holds a distant second position with only 91 applications. However, it should be noted that not all applications will…
The Dark Web is the online equivalent of the underworld. Only accessible through the use of special software, the Dark Web creates an online environment where people can operate anonymously. Naturally, cryptocurrencies found a home in the Dark Web since the point of its inception. However, recent reports conclude that Litecoin is among the most…
Technically, a death cross is the point when a 50-day moving average cuts a 200-day moving average from above indicating a bearish crossover. In the case of bitcoins, the daily chart below indicates that the 50-day MA is close to cut the 200-day MA downwards. According to some strategists, the death cross will end up…
Bithumb, South Korea’s biggest cryptocurrency exchange, alongside Pay, a mobile payment service provider, has partnered up and will work together to provide transaction facilities at 6000 business outlets in the country. Similarly, the South Korean exchange has also partnered with Yeogi Eottae, the country’s largest hotel booking platform, to allow customers the option to book…
Cboe Global Markets, the derivatives exchange which was also the first to launch bitcoin futures, has recently sent a request to the Securities and Exchange Commission in hopes for allowing cryptocurrency exchange-traded funds (ETFs). Back in January, Dalia Blass, who is the director of SEC’s division of investment management declined numerous applications which were related…
A gang of Russian and Ukrainian criminals allegedly robbed multiple global financial establishments for USD 1,24 billion and then laundered the money converting it into Bitcoins. A very intricate plan which lead the group to avoid getting caught for a long time. Luckily, the Spanish Police managed to apprehend these cybercriminals, putting an end to their…
You might be aware how the LTC-based payment processing startup, a.k.a. LitePay, abruptly vanished from the market inciting notions of an exit scam. Following this build up, both the Litecoin Foundation as well as Litecoin creator Charlie Lee came out and apologized. Litecoin prices surged during mid-Feb following the news on LitePay’s launch. The payment…
Enerchain, a peer-to-peer trading initiative is set to go live by the second or third quarter of 2018. Initially, it will be starting with a small number of electricity and gas contracts. The initiative is being taken to test the utilities’ - “ability to protect their margins by dominating novel automated trading architectures.” Currently, Italy’s…