Brothers Pavel and Nikolai Durov, Telegram creators, have successfully raised initial investment for the development of their new project - blockchain-based Telegram Open Network (TON). It was a private sale of TON tokens to a narrow circle of venture funds and high-net-worth individuals. … [Read more...] about Telegram raises $850 million for development of TON before ICO
Coinbase launches merchant solution accepting cryptocurrencies
Coinbase, the largest US cryptocurrency exchange, announced the launch of a new service which allows merchants to accept payments in bitcoin, bitcoin cash, ethereum and litecoin. … [Read more...] about Coinbase launches merchant solution accepting cryptocurrencies
Crypto news in brief (February 15, 2018): Abu Dhabi, Gibraltar, Western Union, Ripple
Abu Dhabi financial regulator works on cryptocurrency regulatory framework. Gibraltar will introduce world’s first ICO regulations. Western Union is testing Ripple platform for money transfers. … [Read more...] about Crypto news in brief (February 15, 2018): Abu Dhabi, Gibraltar, Western Union, Ripple
How is cryptocurrency regulated in different countries
Amid increased bitcoin volatility and companies charging against virtual currency we look at crypto regulation in different countries. While some introduce heavy regulatory burden on virtual money activity, others remain positive and crypto friendly. … [Read more...] about How is cryptocurrency regulated in different countries
LitePay to be launched in late February
LitePay, a new payment service for merchants, will be launched on February 26, 2018. It will allow businesses to accept litecoin for goods and services. … [Read more...] about LitePay to be launched in late February
Energy consumption for bitcoin mining in Iceland is expected to double in 2018
This year the energy consumption for mining bitcoin is expected to surpass energy consumption for powering all households in Iceland. … [Read more...] about Energy consumption for bitcoin mining in Iceland is expected to double in 2018
Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
Blockchain's purpose is to store and transfer information. Blockchain makes data transactions available publicly, easily accessable and immutable. Blockchain can solve tons of issues of modern industries, which hugely depend on continuous exchange of information (i.e. IT, finance, logistics, etc.). Nowadays we are in the very early stage of development of blockchain … [Read more...] about Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
Goldman Sachs forecasts devaluation of most cryptocurrencies
Most cryptocurrencies will eventually hit the bottom, according to Steve Strongin, Goldman Sachs’ global head of investment research. In the future there will remain only a small number of new cryptocurrencies, he said in a report published on February 5, 2018 and cited by Bloomberg. … [Read more...] about Goldman Sachs forecasts devaluation of most cryptocurrencies