Tag Archives: cryptocurrency

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Tencent to Use the Blockchain to Derail China’s Counterfeit Invoice Industry

Sellers of counterfeit, illegally-made receipts help businesses take advantage of tax loopholes in China, but that’s set to change with the application of blockchain technology in the handling of digital invoices. Disrupting China’s Counterfeit Invoice Market Faked official invoices are big business in China. One person who creates these legal proof of payments — “fapiao” […]

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices […]

Tom Lee Holds to $25,000 Bitcoin Price Prediction, Cites Three Supporting Factors

Tom Lee Holds to $25,000 Bitcoin Price Prediction, Cites Three Supporting Factors

Co-founder and Fundstrat strategist Tom Lee is holding to his prediction that Bitcoin (BTC) will reach $25,000, CNBC reports May 23. Lee identifies three key factors that make him believe the price will surge past the 2017 high. On Wednesday, BTC dropped below $8,000 and traded around $7,500, losing most of the gains it made from mid-April to early May. With Wednesday’s plunge, […]

Major Japanese Fintech Company Reveals Plans to Launch Crypto Exchange This Year

Major Japanese Fintech Company Reveals Plans to Launch Crypto Exchange This Year

Money Forward Inc., the operator of one of Japan’s most popular personal budgeting apps, has announced its plans to launch a crypto asset exchange this year, in a company press releaseWednesday, May 23. A new subsidiary, MF Financial Co., Ltd., that launched today will be devoted to the company’s new crypto exchange project, and will be […]

Snoop Dogg Performs at Ripple’s Consensus 2018 After-party

Snoop Dogg Performs at Ripple’s Consensus 2018 After-party

New York’s Blockchain Week, aka Consensus 2018, is not only serious talk among experts, entrepreneurs, and regulators. The cryptocurrency people gathering in Manhattan also want to have fun. At least, that’s what Ripple Labs thought when its representatives invited Snoop Dogg to headline their after-party at a secret location in Manhattan’s Meatpacking District. Snoop Dogg Headlines […]

Bitcoin Could Emerge As A ‘Threat’ To US Dollar In Future, Suggests St. Louis Fed Chief

Bitcoin Could Emerge As A ‘Threat’ To US Dollar In Future, Suggests St. Louis Fed Chief

A top US policy maker made mostly positive remarks about Bitcoin, also not ruling it out as a potential “threat” to the US dollar, in an interview with CNBC Monday, May 14. Speaking to CNBC on the sidelines of the Consensus 2018 conference in New York Monday, St. Louis Fed president James Bullard also identified positive aspects of cryptocurrency, namely revolving around cutting […]

Large Global Payments Processor Unveils Airdropping Campaign Among Users

Large Global Payments Processor Unveils Airdropping Campaign Among Users

CoinPayments, a global cryptocurrency payment processor, has announced an airdrop  launch of its own utility token – the CPS Coin. The company also plans to lower its transaction and conversion fees for token holders and enhance its user interface in 2018. Founded in 2013, CoinPayments is a global cryptocurrency payment processor with a reach of over 1,000,000 […]

Blockchain Will Drive Next Industrial Revolution: Major Wall Street Firm

Blockchain Will Drive Next Industrial Revolution: Major Wall Street Firm

Steve Chiavarone, VP at financial services firm Federated Investors, talked-up blockchain in an interview with CNBC May 11, calling the technology an “economic growth driver” and listing it among five “key technologies” that he believes will “drive this next industrial revolution.” Blockchain: Economic Growth Driver When asked whether blockchain will be a driver of economic growth, Chiavarone made […]

Cryptocurrency Ecosystem Allows Newcomers To Copy Trades By Professionals

Cryptocurrency Ecosystem Allows Newcomers To Copy Trades By Professionals

A new ecosystem is bringing together professional traders, cryptocurrency holders and first-time investors in the crypto market – with the platform offering “tailor-made products” for each of them. Tradelize says it has divided its software into specific layers, enabling users with varying levels of experience to find the service that fits their particular needs. For […]