Altcoin Buzz

This week Lazard CEO, Ken Jacobs, and CEO of Saudi-based digital payment solutions company PayTabs, Abdulaziz Al Jouf, have spoken highly about the future of cryptocurrencies. While the former says that cryptocurrency could eventually replace the U.S. dollar as a reserve currency, the latter simply stated that "it is here to stay." In an interview with Bloomberg Jacobs commented on the current U.S....

Warren Buffett has found an adherent: Speaking to Arabian Business, Hotmail founder, Sabeer Bhatia, has slammed cryptocurrencies claiming that they are "too good to be true." “The underlying business model that I have looked at is fraud. Cryptocurrencies are nothing more than white papers, a hope in the way the world will be,” he said. He further elaborated his stance by pointing...

Bithumb cleared of any wrongdoing by South Korea's National Tax Service but slapped with ₩30 billion bill. Bithumb plans on paying the bill without objection. Earlier this year, South Korean exchange, Bithumb, was the subject of an investigation and a late night raid from the countries National Tax Service. As of June 8th, the exchange has been cleared of any wrongdoing...

People all across Africa are turning to Bitcoin with the promise of a far better future, compared to what their own countries offer them. During December of 2017 Bitcoin and other cryptocurrencies saw a massive surge with new investors, with many exchanges having to suspend registrations and while a lot of people joined with the hopes of making quick millions,...

LocalBitcoins data shows an ever-increasing amount of Venezuelan Bolivar being converted into Bitcoin (BTC). This development likely comes from the hyperinflation that Venezuela is suffering. The Venezuelan Economy has been devastated by the recent hyperinflation of their national currency, the Bolivar. Currently, Venezuelans are paying for goods with trash bags full of Bolivar, which are now valued by weight rather than the actual value...

This week Moscow is hosting the First Blockchain Conference in its Federation Council (the upper house of the Parliament). During it, a top official has confirmed that the Russian Central Bank will start controlling the cryptomarket. Russia has been paying extra attention to the cryptocurrency market in the past three months. Thus on Tuesday, the Russian Duma (the lower house of the...

Circle to pursue a federal banking license along with a registration as a brokerage and trading venue with the SEC. This could open the flood gates for unregistered security coins/tokens to be traded legally in the U.S. Circle is seeking a federal banking license along with a registration as a brokerage and trading venue with the SEC (Securities & Exchange...

Guest Author: David Freuden - blockchain advisor   A Google search with the words ‘hybrid blockchain’ yields roughly 756,000 search results.  This isn’t many, when compared to ‘public blockchain’s’ 40 million search results or ‘private blockchain’s’ 30 million. This article will provide an introduction to hybrid blockchain and highlight why it may become the blockchain of choice for governments, financial institutions and larger...

Robinhood has been slowly yet steadily expanding their user base. Yesterday, Robinhood announced on their twitter that Texans can begin using their cryptocurrency trading services. Texas, we're not messing with you. You can now trade Bitcoin and Ethereum commission-free, on Robinhood Crypto. ? pic.twitter.com/iSSAisGZF8 — Robinhood (@RobinhoodApp) June 6, 2018 This addition should significantly expand Robinhood’s user base as Texas is the...

VanEck along with SolidX and Bank of New York Mellon will join together to create the first Bitcoin ETF. If approved trading will begin sometime around Q1 of 2019 under the symbol XBTC on the Cboe BZX Exchange. Will the saying “Third time's the charm” hold true? VanEck, an Investment Management Company, will try for a Bitcoin ETF (exchange traded fund)...