Thailand’s crypto industry has grown to overtake the entire economies of Argentina and Turkey despite the country remaining 7under Junta rule. One of the few Asian nations in which Blockchain is allowing unrestricted financial management, the future looks promising despite several attempts to enforce restrictions. Thailand has been ruled by a military government ever since the coup which occurred in 2013. With the Royal Thai army in charge of all government affairs crypto use restrictions…
Pantera Capital, one of the biggest crypto investment firms, has announced that over the first years since it began operations it has netted well over 10000% from crypto. TO commemorate their 5th anniversary the CEO of Pantera also released emails from within the company revealing the constant bullish expectations the company held. “In my opinion, it’s like deciding whether to buy Microsoft back in the day at $0.20 a share. It was hard to do…
Goldman’s $50 million investment is being put into good use as Circle has bought out crypto exchange Poloniex. Announced on Monday, the price paid for the exchange tops $400 millions, as Circle aims to grow the exchange platform. Circle also used to be one of the biggest US bitcoin wallets but decided to withdraw the service in December 2016. Being the first company to gain a “BitLicense” in New York and even approved by the…
The sentinel token sale has begun allowing the public to buy into what may grow into a revolutionary service in the future. The main ideas driving the project include the need to bank the unbanked. Granting huge financial freedom to local populations, the token aims to be a asset rather currency. Highlighted as one of its uses, the token will be able to insure clients when taking out financial loans with the guarantee being…
The recent wave of crypto scams have come to use social media as the preferred medium to proliferate. Targeting innocent crypto users, scammers have begun taking Twitter handles to impersonate developers, even asking users for donations and funds, thousands has been stolen from unsuspecting users. With a number of legitimate crypt developers such as Charlie Lee and Vitalik Buterin having their identities stolen, thousands of dollars has been scammed so far. Even the Ripple CEO…
ImToken ImToken is one of the most comprehensive tools when it comes to investing in ICO’s and using Ethereum. The application is now available on both android and IOS boasting a constantly updated choice of ICO’s for one it invest in, the application allows individuals to make small scale investments into many new start-ups. The application also boasts features such as ICO news and updates allowing you to keep up to date with all…
Cryptocoins and projects often are funded in similar ways to physical projects and businesses. The ICO has become the primary method of obtaining funding for project development as not only have they allowed for developers to access a pool of funding, but consumers can also become early backers supporting the project and receiving a proportional stake in the business. Like first offerings laid out by business like Alibaba on the Stock exchange, cryptocoins and services…
This Monday 7 years ago, a Bitcoin user made what was possibly the largest Bitcoin transaction of the year, and possibly of all time for a pizza. Paying up 10 000 Bitcoin which were valued at 0.003$ or just under 1 naira each, he purchased a pizza. Little did he know that his pizza would cost him well over $22 million as Bitcoin prices peaked well over $2100 today. The user named Hanyecz purchased the…
Gold has been the investment medium for many due to its considerable stability. Rarely falling in price, the precious metal has been the symbol of wealth and luxury for thousands of years but Bitcoin is hot on its tail as the digital gold of the future. Bitcoin prices have swollen to a staggering $1259 at the time of writing, passion the current gold value of $1235. “Bitcoin is a unique, uncorrelated asset class…
Bitcoins potential to rival the likes of gold and silver as valid and tangible forms of long term investment have long been considered. While there are considerable differences between the two mediums, they essentially function in the same way, storing wealth in the long term without significant depreciations in value. With Bitcoin prices hovering ever so close to the gold standard, will Crypto ever become the gold of the digital age ? Gold’s dominance over…