Cryptocurrency News

uPort, one of the oldest projects launched under the Ethereum umbrella and incubated with ConsenSys, is being regarded as one of the most exciting projects that is focused on rationalizing internet users’ digital identities.

The Bank of International Settlements (BIS) has finally decided to publish a new crypto research. It is even dedicating at least two chapters of its upcoming annual economic report to discuss all digital assets.

There is no doubt that Kurt Russell is one of Hollywood’s biggest actors to date. Now, he is expected to star in an indie movie that features cryptocurrencies. This is definitely an interesting film for all crypto lovers out there.

According to the Director of the Division of Corporate Finance at the SEC (Securities and Exchange Commission), William Hinman, Ether transactions are not securities transactions. Speaking at a Yahoo! All Markets Summit conference in San Francisco, Hinman stated that based on his understanding of the current state of Ether, its network as well as its decentralized structure, sales and offers of the token are not securities transactions.

There is a new cryptocurrency in town and it is called Bitcoin Core. It is different from the moniker that Bitcoin Cash adopted – calling itself Bitcoin core, as in, the real Bitcoin. This new cryptocurrency is called Bitcoin Core – BTCC.

According to a research paper released on June 13 by a finance professor who has a track record for spotting fraud in financial markets, at least half of the massive price increases in Bitcoin and other cryptocurrencies last year were due to price manipulation.

According to the latest news reports, Argo, a Blockchain company that lets users mine cryptocurrencies via a subscription service, has announced that it plans to list itself on the London Stock Exchange. This will be the first ever Blockchain-based company that will be listed on the LSE.

This weekend saw cryptocurrency markets across the world drop, with Coinmarketcap reporting a more than $20 billion drop in the market’s value. Bitcoin plunged more than 6% over the weekend as did Ether. The smaller cap altcoins saw drops as steep as 10% or more. The question is why did this drop take place?

According to media investigations, sex workers in the US have started switching to cryptocurrencies as savings plans, especially for retirement. Many had already started accepting cryptocurrencies as payments for services rendered, however, they would usually be converted to fiat currencies immediately. Now, however, the trend is changing, where more and more sex workers are putting away cryptocurrencies as savings in hardware wallets.

It is interesting to see how the blockchain technology has affected a majority of individuals across the globe, most especially those who are underrepresented or live in areas where access to traditional financial resources barely exists. It only proves that cryptocurrencies offer a unique opportunity, one that can get anyone in a booming economic sector.