It holds true that the ICO industry has a very positive momentum lately, but token sales are showing a much more interesting phase. According to a new research conducted by Elementus, there is an interesting future that awaits token industry. And it seems the business model itself is the one to be merited.
Cryptocurrency Market Updates
Over the past 24 hours, the altcoin has seen a relentless surge by around 11.67 percent, though Bitcoin and other top cryptocurrencies have also gained. This only proves that, for some reason, Ethereum is doing a great job, resulting in a price above $800.
As the name suggests, Bacoin is a cryptocurrency specifically designed for the bacon industry, with one Bacoin valued at around 11 strips of real bacon. Interestingly, it is only a matter of time before the number of bacon strips increases. Although Bacoin seems to be interesting, it is also proof that any material (e.g. food, drink, product, etc.) should never have its own native token.
Ripple and its cryptocurrency XRP came under fire from the director of the Centre for Evidence-Based Management, Martin Walker at a Parliamentary hearing in the UK on Tuesday. Walker was also previously a developer at the Blockchain consortium R3, so he had the expertise and understanding to express his views.
According to the latest news reports, meat maker Oscar Meyer announced the launch of Bacoin, claiming it is the first-ever cryptocurrency that is backed by the “gold standard of Oscar Meyer Bacon”.
MoneroV is the new cryptocurrency that will emerge from the hard fork that Monero will go through once its block height reaches 1,564,965. And this is scheduled to happen today, April 30, 2018 – if all goes according to plan that is.
The man known as the Oracle of Omaha, the CEO of Berkshire Hathaway and one of the greatest investors of all time, Warren Buffet claimed that buying Bitcoin was not investing.
The Conseil d’Etat, or Council of State in France has reduced taxes on cryptocurrency sales from 45% to a flat 19%. The Council stated that this was done because of the new classification of cryptocurrencies. Now, the sale of Bitcoin falls under the principle from the classification of capital gains of movable property.
CryptoGround, the news site that monitors the Mt. Gox wallets, reported that 16,000 BTC, worth about $140 million, was moved from four separate Mt. Gox wallet addresses. The Bitcoins were broken down into smaller 2,000 BTC batches, till all four wallets were down to a zero balance.
In an industry first, Gemini, the cryptocurrency exchange run by the Winklevoss twins, Cameron and Tyler, announced that it had joined hands with NASDAQ to monitor markets on April 25. This move will now also see Gemini begin to use NASDAQ’s SMARTS technology, which is used to watch the market.