Altcoin Buzz

Blockchain adoption among banks and financial institutions up 67 percent from 2016. According to Greenwich Associates market intelligence, the total spending for blockchain in the financial sector rose by 67 percent in 2017 with a total of $1.7 billion. The study shows that one in ten of the banks now reporting blockchain budgets in excess of $10,000,000. Fourteen percent of the banks in the study...

The Western Union Company is an American financial services company. They performed a trial using Ripple’s xRapid blockchain tech and are not satisfied with what they are seeing. Western Union is the largest money transfer service in the world. The service shocked the crypto world in February this year when it announced that it would be trialing Ripple’s XRP cryptocurrency...

On June 14, Bloomberg reported that according to Tom Lee, Head of Research at Fundstrat Global Advisors, the decline in Bitcoin (BTC) price is the result of the expiration of Bitcoin futures. The Bitcoin drop of 20 perfect this earlier this week, has been the results of future contracts ending and holders pushing down the price for some handsome profits.  To...

Technically, the EOS Mainnet already launched on the 10th of June, 8 days after EOSIO v1.0 was released by its creator Block.one. For the Mainnet to be activated, however, 15% of the total token supply had to be used to vote on block producer candidates. Without reaching 15% – about 150 Million tokens – the Mainnet could not go live. But, finally, today the required...

William Hinman, SEC director of corporate finance, confirmed during Yahoo! All Markets Summit, that Ethereum is not a security, reports Yahoo Market. And neither is Bitcoin. Particularly, the official told the audience that the agency which he represents, "doesn't see a lot of value in treating ether today as a security," explaining that the fact that there is no central figure or group responsible for...

Stephen Bannon, the former chief strategist to President Donald Trump and ex-member of the arch-conservative news site Breitbart News, has decided it is time to join the cryptocurrency craze. And, apparently, he has ambitions of his own: To create what he calls a "deplorable coin", reports the New York Times. Stephen Bannon is confident that Bitcoin and other cryptocurrencies can disrupt the...

Coinbase releases Coinbase Index Fund which allows U.S. accredited investors the opportunity to purchase all of the available assets on the platform based on the current weighted market capitalization. Future assets will be re-balanced into this fund at time of listing. Coinbase announced the release of Coinbase Index Fund in a Medium post on June 12th. While this is strictly...

This morning, the bitcoin price started a corrective rally from $6,100 to $6,500, bouncing back from a new low since April. After a downfall that lasted from Sunday to Wednesday, Bitcoin saw its value decrease from $7600 all the way down to $6,100.  With Bitcoin increasing in value, altcoins followed the price movement of bitcoin this morning, resulting in several green figures for the top...

The mainstream media did an excellent job on Sunday and Monday in letting the world know that Bitcoin had ‘crashed’, AGAIN. According to most mainstream media sources, the crypto market had fallen mainly due to the hacking of the small South Korean exchange Coinrail. Furthermore, most big news outlets reported that the plunge of the market was yet another signal that...

Mandar G. Chaphalkar, Senior Technology Architect at Infosys, discusses in an exclusive article by Infosys for Information Age, whether it is possible to use blockchain for passport identification and cross-border traveling."Maybe this is how the passport of the future looks like?" he asks. Read the original article here. Chaphalkar mentions the case of British tourists who in 2015 went to Turkey...