Altcoin Buzz

A bug was found in ICX that allows anyone to initiate the proccess of the upcoming ICX main net token swap. Min Kim, Foundation Council member, has announced a temporary solution is in place and a permanent solution has started and is expected to be completed shortly. About 3:30 PST on Friday, a Reddit poster found a bug in the...

This week, Brian Kelly, founder and CEO of digital currency-focused investment firm BKCM LLC, said at CNBC’s “Fast Money” that he believes Ethereum is a better investment than Bitcoin. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" is a financial program by CNBC, focusing on actionable news that matters most to investors. Brian Kelly, often...

A blockchain-based app, Twiga, helps small and medium business in Kenya to get money for pumping their businesses. “My prayers have been answered,” says Janeffer Wacheke, a fresh-vegetable seller, who is using the technology, writes Bloomberg. The problem can be largely narrowed to the fact that Kenyan banks have "trouble measuring the creditworthiness of traders in the country’s $20 billion informal economy." The...

A county in Montana is currently trying to decide if it should impose a cryptocurrency mining ban. Large cryptocurrency mining operations have targeted the Pacific Northwest for both its cool climate and its cheap electricity costs. These benefits are sought after by cryptocurrency miners since cool climates help keep computers from overheating, and low electricity costs allow for cheaper payment of...

The Netherlands Authority for the Financial Markets (AFM) is unsure whether cryptocurrency operations conform with the country's licensing law, it has emerged. The authority has sent a short letter addressing "new market entrants who wish to apply for a license as a manager of a crypto investment institution. Besides it also aims to inform those already engaged in crypto activities. All...

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...