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Crypto Pundit McAfee’s $100k Tweets are Big Business
The volatility of crypto markets is often exacerbated by social media and the nature of unregulated publishing on a grand scale. When cryptocurrencies started to explode in 2017 pumps and dumps were commonplace, occasionally initiated by a shill on a social platform. Altcoin markets have calmed down a little now and common trends seem to be affecting them all, however, marketing crypto is still big business for some. The McAfee Effect Self-styled crypto warlord John McAfee has revealed on his own website on a page called “The McAfee Effect” that he charges $105,000 for crypto tweets promoting an ICO or altcoin. Last...
Ripple Made ‘The Largest Donation Of Cryptocurrency’ To Public Schools
The crypto payments network Ripple recently made a donation of $29 million of its native digital currency XRP to financially support US public schools, accomplishing over 35,000 financing requests from teachers by using DonorsChoose charity fund, according to ABC7. “We’re so happy to give back to teachers like @kinder_roxs and all their students across the country! Help us build on this momentum up by donating to projects on @DonorsChoose and continue the #BestSchoolDay,” posted Ripple on their Twitter. CNBC reported that DonorsChoose will exchange the contributions into US dollars over the period of two weeks to elude the cryptocurrency market’s volatility, and to conform with...
Asian Cryptocurrency Trading Roundup: Top Altcoin is TRON
Another flat day starts in Asia as the bulls and bears are still in stalemate and the markets cannot gain traction in either direction. The total market capitalization is still hovering around $300 billion though the threat of a drop further still looms. Bitcoin has not moved from its level at just below $8,000 and altcoins have been lack luster for a few days now. The one showing the strongest gains in the top 25 this morning is Tron. As reported by Coinmarketcap, TRX is trading 10% higher on the day. This often controversial altcoin is currently trading at $0.048...
Cryptocurrencies to be available at 6,000 outlets in Korea
South Korea's leading crypto exchange and a mobile payment service provider will work together to make virtual currencies available at thousands of outlets here. The partnership was made on Monday between crypto exchange Bithumb and Korea Pay's Service, operator of mobile payment service Pay's. About 200 franchise brands will allow customers to use the service to pay at 6,000 outlets across the country. Sponsored Among the brands are desert cafe Sulbing, Cafe Droptop, seafood buffet restaurant Todai and candle store Yankee Candle. The two companies will work to make virtual currencies available at 6,000 outlets in the first half of the...
Belarus Adopts Crypto Accounting Standard
Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also, don't forget to check our Online Store Goods, Investments, Settlements The Ministry of Finance in Minsk has developed a new standard that specifies the procedures for keeping accounting records of crypto transactions. The document does not explicitly mention cryptocurrencies, which are not regarded as legal tender...
Stocks Down, Cryptos Up
Stocks have been experiencing a pretty terrible week and more widely have been in a downwards trajectory now for two months. The Dow Jones has fallen from 26,000 at the highest point in January, to around 23,000 yesterday, with the price going back to November levels and in the process wiping out some billions. While the daily candles chart looks somewhat interesting and might perhaps be making that classic shape. Stocks prices. The given rational for this movement is trade war, or perhaps Facebook’s difficulties, or tech stocks, but opening China’s market, or otherwise responding in kind, should arguably benefit...
Bitcoin Price Breaks $9,000 as Cryptocurrency Market Continues Climb
The price of bitcoin, the most dominant cryptocurrency in the global market, has recovered beyond the $9,000 for the first time since March 14, exactly a week ago. Short-Term RecoveryIt is still quite early to determine whether bitcoin and other cryptocurrencies will be able to sustain the current momentum in the upcoming weeks. While bitcoin has rebounded over the past few days, it has only recovered from its price drop that occurred in mid-March. Two weeks ago, the price of bitcoin peaked at $11,600, and the cryptocurrency is still $2,600 away from reaching its monthly high. Last month, the price...
Cryptocurrency Market On The Green – G20 Puts Crypto Regulation On Hold
According to Rueters the global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones. oh boy.. so no regulations fud on G20 talks ‘G20 rejects the request of regulations for cryptocurrencies’https://t.co/kSceQs9NrM — Mr. H (@Mr_HvD) March 18, 2018 The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin. Sponsored Interest in cryptocurrencies surged last year as prices rocketed only to tumble in recent months,...
Israel: Steps Toward Cryptocurrency Support?
In terms of technological innovation, Israel has been labeled by some as “The Startup Nation” with Israeli ventures raising over $5 billion in capital in 2017. This is almost 10% of China’s yearly fundraising total. While there’s a number of popular applications, platforms, and products including USB flash drives, the Waze navigation app, SodaStream carbonation machines, the country has set its foot in the crypto industry as well. Back in 2017, Hapoalim, Israel’s largest bank, partnered with Microsoft to create a Blockchain-powered platform to “make the process of signing up guarantors simple and quicker.” And in February 2018, the Israeli Tax Authority (ITA) stated that cryptocurrencies will be taxed by the capital...
Bitcoin is Saving Lives in Developing Countries
When a country’s economy is in turmoil and their currency is absolutely worthless due to hyperinflation, what would you do? People in third world are turning to bitcoin, but why? Beyond the speculative coverage on cryptocurrency, particularly on bitcoin, it’s now widely acknowledged and accepted as a valid form of payment, proving to have a very social and economic function. Many places in the third world are hit hard by a recessions from negligent banking systems or worthless currencies due to hyperinflations, turn to the virtual currency for an innovative solution. Down in South America, Venezuela’s sunk by...
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