Cryptocoins

Two Game Changing New Cryptocurrencies

What’s more is they both have some serious backing. Despite only being less than a month into the new year, it has already been eventful for cryptocurrencies. The last couple of weeks have seen a massive crypto crash, and although the prices are slowly starting to pick up again, for some it is still rocky. One coin that is still set to be huge is not a new comer in the game, but is certainly one to back and that is Ripple. It is a name that has certainly been in the spot light in recent weeks, and was designed to facilitate transactions. The company hopes to eventually partner up with banks, which will in turn give users a faster, and more secure method for carrying out a large number of transactions. SO far, it has not disappointed, and it has been incredibly successful. They have partner...

$1.2Billion Worth Of Cryptocurrencies Have Been Stolen By Hackers

It has been reported that more than 14 percent of the Bitcoin and Ether supply have been compromised. Unfortunately this happens all too regularly, and in less than a decade, hackers have stolen $1.2Billon worth of Bitcoin and Ether. Lex Sokolin, who is the global director of Autonomous Research LLP, said; “It looks like crypto hacking is a $200million annual revenue industry.” So, why does hacking happen. Cryptocurrencies work on a blockchain technology, and once these records are shared, it is incredibly hard to alter them, leaving many to believe that they are actually super-secure; but, in reality, they are no safer than any other software, and are often left open to the risk of hacking. They can track your identity, property records, and digital car keys, having the potential to affec...

Cryptocurrency Mining Could Infect More Than Half Of Organisations

Over half of online organisations across the globe have been recently attacked by threat actors, who used cryptocurrency mining tools in order to steal computing resources from corporations. According to research, this trend is only likely to continue as we head into 2018. The interest among such rogue actors in preying on the computing power that runs major streaming services and websites has likely been fuelled by the popularity of digital currencies such as Ethereum and Bitcoin. The latest Global Threat Index (a comprehensive listing of the most prevalent malware in use today) published by Check Point had no fewer than 10 different cryptocurrency mining tools among its numbers. In some of the cases reported, up to 65% of the system’s resources were being utilised for mining purposes wit...

Here’s Why The Crypto Crash Happened…

The crypto world has not had a good couple of weeks. Even though the prices are on the rise now, in just ten days, cryptocurrencies lost $370billion. We take a look at the reasons behind this loss, and whether it can be prevented in the future. South Korea: The South Korean government intends to crack down on the trading of cryptocurrencies. As well as clamping down on crypto trading, they have also expressed a wish to add taxes these, among other measures to tighten the grip on the market that has a lot of doubt. There are some who see the trading of crypto currencies, as a way of supporting money laundering and dangerous speculative investing. South Korea accounts for one fifth of the trading of cryptocurrencies, so this crackdown would have made a massive difference. Russia: The Russian...

These Blockchain Startups That Might Actually Help The World

It’s difficult to imagine your everyday life with no access to financial services – no banks, no credits cards, no personal loans – and yet this is the reality for over a quarter of the world’s population, a shocking statistic that illustrates the disparity between established and developing economic markets. With blockchain development in the ascension, much has been made about how it can be applied to all sorts of uses, not just cryptocurrency transactions. Here are three companies who all have a plan to utilise that technology to allow every person with an internet connection financial access, wherever they happen to live. MicroMoney MicroMoney is a micro-loans organisation based in Asia, with operations in Sri Lanka, the Philippines, Indonesia, Myanmar, Cambodia, and Thailand. It claim...

8 Blockchain Benefits Beyond Cryptocurrency

For many developers, the most exciting thing about the cryptocurrency isn’t the incredible profits some investors have seen, but the blockchain technology that supports it all. There have been many reports in recent months about entrepreneurs taking the blockchain out of the financial sector and applying it to other industries, and experts predict that it is only going to increase. Here are eight industries where blockchain could really make a difference. 1. Supply chain management The blockchain is both cost-effective and completely traceable, which makes it a boon for logistics and the supply chain industry. It allows companies to track the movement of goods from point of manufacture, to wholesalers, to retail outlets, and back again. 2. Quality assurance Blockchain technology enables co...

Poland Is The Next Country To Announce National Cryptocurrency

Earlier this week, it was announced that Sweden was set to release their own cryptocurrency, e-Krona, and now it seems that Poland is following in their footsteps. It is not surprising since Poland has always been open to technological progresses, and in particular the blockchain technology. They even have their own Polish Blockchain Technology Accelerator (PATB), which functions under the Ministry of Digitalisation. The most recent project that they have been working on is the creation of a digitised national cryptocurrency, Digital PLN (dPLN). This virtual currency has been developed at the Lazarski University in Warsaw, where the dedicated team have been developing a working basic version of the national currency. They are centralising their efforts now around advancing the current vers...

What An Actual Crypto Crash Would Look Like

Recent growth in the cryptocurrency markets has caused many to speculate that the sector currently exists in the middle of a bubble and people are understandably worried. With the notorious dotcom crash and the resultant severity of the financial crisis that it spawned still raw in the memories of many investors, fears are rife that the popping of this particular bubble could prove disastrous for the world economy. Putting aside the ways and means in which the Bitcoin bubble might conceivably burst (and rest assured, for every scenario, there will be developers and tech leaders working on a preventative solution) let us assume the worst and say that it does. What happens then? First, there will be the investors in Bitcoin itself, who would see their investment disappear in a heartbeat. How...

Australia’s Bondi Brothers Quit Their Day Jobs And Commit To Crypto Trading

Daniel Colosi and Stephen Lenoci, a pair of Australian investors who operate under the moniker of the Bondi Brothers, have been making waves in the cryptocurrency markets. If their claims are to be believed, the pair make, on average, a cool AUD$2,000 a day solely through the trading of various digital currencies. The Bondi Brothers are relative newcomers to the scene, having only purchased their initial stock of altcoins within the last year, but they have swiftly become recognised as experts in the world of cryptocurrency trading. Their initial investment of AUD$5,000 has soared to a little under AUD$200,000 and, should they be able to continue making profits at their current pace, the pair could be millionaires by the end of 2019. While perhaps not the overnight success the world might ...

Ethereum Blockchain Technology Will Revolutionise Digital Asset Value

Ethereum is a blockchain that creates a digital record of every transactions that then duplicates across thousands of computers. The blockchain technology is changing and advancing rapidly, and has enabled us to trust the ways we transfer and store value. On top of this though, blockchain is unlocking value. A lot of the worlds assets are illiquid. Liquidity is about getting in and out of assets easily, and lengthy paper processes, complex fee structures and the ownership principles of current markets make exchanging assets for value inefficient, intimidating and often impossible. By tokenising assets on the Ethereum blockchain, it means that ownership can be divided and assets are free to move seamlessly between owners without physically having to move at all. When you look at real estate...

Sweden Set To Introduce Its Own Cryptocurrency

Sweden is closer to becoming the world’s first cashless society. A research note that was written by James Pomeroy, who is an HSBC economist, says; “The so-called e-Krona will have to be able to be used for small purchases, as a claim on the Riksbank and be accessible by companies, individuals and financial institutions at all times.” The governor of the Riksbank is very eager to point out that; “It was in Stockholm that the first modern banknote was created more than 350 years ago, and that it is here, in Sweden, that cash is currently taking its last breathes. Perhaps the Riksbank will be writing history again.” The e-Krona would work by having it work like cash does, but instead, the value would be stored on an app or card, as opposed to a central database. Alternatively, it could be in...

Find Out How Blockchain Could Change Energy Markets

As the revolutionary technology that underpins most developments in cryptocurrency, blockchain has already been proven to have many applications outside of the world of finance. With recent innovations in science, ecommerce, and even the music industry relying upon the immutable and decentralised nature of blockchain’s transaction records, it seems there is almost no sector that cannot benefit from the technology. Even the energy industry is starting to take note. Some months ago, a story was published by GreenTech Media concerning 15 new energy companies that were dabbling in blockchain. Some of those companies generated their funding through ICOs (Initial Coin Offerings), chief among them Grid+ who, during a sale of their tokens in November 2017, managed to raise an astonishing 94,070 Et...