Altcoin Buzz

After the introduction of CME futures in December 2017, The price of Bitcoin (BTC) dropped from 20.000 USD to 6.200 USD. CME futures was introduced in December 2017 when bitcoin was trading around 19 thousand USD, creating the opportunity to bet against bitcoin. The Federal Reserve Bank of San Francisco states in an economic report published on may 7th that "the rapid run-up and subsequent...

Cryptocurrency market run likely stalled by recent comments by Warren Buffet, Charlie Munger, and Bill Gates. This past weekend, Bitcoin was heading towards $10,000 and the crypto market as a whole was doing very well. Although nobody knows for sure, it is likely that recent comments by Warren Buffet, Charlie Munger, and Bill Gates have caused this current retracement (at...

Japanese Financial Services Agency (FSA) pushes out new regulatory standards for exchanges in order to avoid being hacked. Major hacks on exchanges, most notably the $530 million hack of the Japanese Exchange known as CoinCheck in January 2018, have led the Japanese Financial Services Agency (FSA) to push out new regulatory standards. CoinCheck was in the process of seeking a...

According to a press release published on may 3rd, Tangem, a startup company from Switzerland launches a pilot sale of physical bitcoin banknotes in Singapore.  Tangem is the first smart banknotes for digital assets that are using near field communication (NFC) chips manufactured by Samsung Semiconductor. The banknotes themselves come in two denominations, 0,01 and 0,05 BTC, which is equivalent to...

South Korea is looking into releasing a central bank digital currency. South Korea is home to the third-largest cryptocurrency market in the world. The Bank of Korea (BOK) is gearing up to release its recommendations for cryptocurrencies, and possibly the release of a central bank digital currency. The bank said that a task force has been looking into the possibility of...

Pavel Makushin, better known on the Internet as ‘Pavel Nyashin’, was found dead in St. Petersburg last week. The 24-year-old Internet blogger repeatedly blogged about his wealth on YouTube. According to the local media, the body of a young man was found on April 30 in one of the apartments on Solidarnosti Avenue. Makushin gained some fame thanks to...

Cardano signs MOU with Ethiopia to explore blockchain solutions for Agritech. The agreement was acknowledged to train blockchain developers and to promote the usage of Cardano’s technology in the agriculture industry. Cardano lead Charles Hoskinson announced in a tweet this morning that Cardano will be working with Ethiopia in finding blockchain solutions to the countries agriculture industry. Cardano and Ethiopia’s Ministry of...

South Korean Representative, Hong Eui-rak, and 10 lawmakers announce they are working on a bill to legalize ICOs. In late September 2017, South Korea issued a ban on all ICOs due to financial concerns around potential scams. Since then there have been numerous real and fake reports ranging from 'South Korea is going to ban all cryptocurrencies to its capital'...

The Co-founder of PayPal, Peter Thiel, is backing a startup that aims to solve multiple cryptocurrency trading issues. Peter Thiel is a billionaire famous for co-founding PayPal and the Founders Fund. The Founders Fund has invested in many ground-breaking companies such as Facebook and LinkedIn. Therefore, the fund has a lot of weight in investment circles. On top of this,...

It has been confirmed by the New York Times that Goldman Sachs will indeed enter the Bitcoin trading space. For the time being, they will not be physically trading Bitcoin, but the trading of Bitcoin contracts was approved by Goldman’s board of directors. It is confirmed that they are looking towards buying and selling Bitcoin if they can get...