Cryptocoins

A Crypto CEO who wants to turn the art of fraud into a business model

BitRush is a technology company focused mainly on the development of cryptographic payment systems and their application in various services. BitRush is a publicly traded company on the Canadian Securities Exchange (CSE) in Toronto. At the board meeting (Dec 7, 2016), a majority of the directors appointed a Special Committee of the Board to investigate the circumstances leading to the cease trade order and related matters to report its findings to the Board. The Board also terminated Werner Boehm as Chief Executive Officer of the Company, effective immediately, as a result of actions taken by him without Board approval to the detriment of the Company, including issuing unauthorized and inaccurate press releases. It turned out that Werner Böhm as CEO deceived and betrayed shareholders as we...

Where is crypto capital coming from?

Bitcoin has now recovered its recent losses and stands at $7610, 5% up on the day so far – with BCH down a precipitous 18% at $1012, sicker than the supposedly doomed BTG, up over 5% at $168.53. There is nothing interesting in this except that volatility is good for price discovery and so lessens the risk of a bubble bursting. Meanwhile, volatility in the stock-markets is at an all-time low … The big fact is that the total market cap of the crypto-currency universe recently zoomed above $170 billion. Its robust health annoyed “analogue” money men such as Jamie Dimon, but frankly the longer they reject the emerging evidence, the better for Bitcoin investors. Liquidity is pouring into crypto-currencies and leaking away from the over-leveraged equities world. In a sense, Bitcoin has bec...

Concerns raised over North Korean cryptocurrency hackers

Claims have arisen from the Korea Internet & Security Agency (KISA) that North Korea-based cybercriminals have started to ramp up malware attacks against the users and service providers of digital currencies in South Korea. Evidence also suggests that the hackers have targeted the digital currency companies themselves too. The latest KISA report from mid-November shows a staggering 370% increase in malware attacks relating to cryptocurrencies compared to figures from the same period in 2016. The data that KISA collated shows that the hackers have been consistently attempting to disrupt the daily running of the currency providers and companies, as well as trying to steal money and taint the image of cryptocurrencies in the public eye. According to data in the report, 5,366 ransomware at...

Will Overstock focus more on its Blockchain investments?

There is little doubt that Overstock has had a fabulous 2017 to date. As of 10th November 2017, the American internet retailer has seen its stock price rise almost 200% compared to the start of the year. This is pretty special however you look at it, but especially since it actually reported pre-tax losses of $6.5 million for Quarter 3 of the year. So why does the market view Overstock so optimistically when it has recently reported figures like these? Blockchain a big boost to Overstock The key factor behind the market’s rosy view on the company lies in the investments made by Overstock in the cryptocurrency sector, specifically Blockchain technology. It would seem the market is predicting these investments will pay-off in the long-term, hence why the stock price for the company rem...

Dash surges despite the crypto market’s turmoil

It’s been a difficult week for cryptocurrencies. While Bitcoin and Bitcoin Cash have been stealing all of the limelight, Dash has experienced an incredible surge in the large 24 hours. Early on, the digital currency had a value of $319 each. In less than 12 hours, the price had surged to a staggering $520 before settling at $460 by the end of the day. With a gain of over 60%, Dash stood out as one of the day’s biggest gainers; but why? While Bitcoin’s SegWit2x upgrade was being put on ice, Dash had already begun to activate a similar block upgrade on their own network, bringing block sizes to 2MB. While Bitcoin Cash is still the favourite out of big block digital currencies, it is more than possible that some users have placed some of their funds in Dash. Unlike Bitcoin’s Lightning Network...

Decentralized Crypto-economy is a New Paradigm

GigEcoin is the task rabbit for blockchain that rapidly changes the world financial system with value and growth. Working in the gig economy, whether it be navigating urban streets to deliver a package or waiting to find out what task will come your way next, is often an enjoyable thrill or a convenient choice for many individuals. The Problem The Office for National Statistics estimates that only 30% of temporary employees are in insecure work because they can’t find a permanent job. But at the same time many gig economy workers are also concerned about the rights they are given. The CIPD recently found that only 13% of gig economy workers said that having fewer rights and benefits is a fair deal in exchange for the independence they got. There is an urgent need to reform how employ...

Cryptocurrency malware mining on the rise – especially in the US

2017 has seen cryptocurrencies really start to take off, with the price of one Bitcoin increasing by over 700% since January. Unfortunately, this has made the market a prime target for criminals, who are looking to ‘steal’ money by using unsuspecting victims’ internet connection and power. One of the most popular tactics identified in recent weeks has been the use of ‘fake’ Android applications. These often masquerade as legitimate-looking apps on the Google Play store but, once downloaded, they are able to mine digitial currencies for hackers – without the phone user ever knowing. James Nguyen, mobile product manager for cybersecurity firm Symantec, said that the situation is ‘kind of like letting a stranger live in a van across the street and have acce...

Control your Data with Nuggets

Why nuggets * Retake control of your private – and valuable – personal data * Only share your data when you choose, on your terms – with real value * Self-sovereign identity, without losing the services you love * Atomise the corporate data silos * Revolutionize how personal data is kept Nuggets gives power back to the people, enabling ‘self-sovereign identity’ on a mass scale. And it frees companies from the burden of storing and protecting millions of customer records. Nuggets is building a consumer blockchain platform giving users a single biometric tool for login, payment and identity verification, without sharing or storing private data. In the future a scenario in which biometrics becomes a dual-factor type of authentication in the advancement of privacy is becoming more and more lik...

3 strategies for Altcoin investment

When people first enter the world of cryptocurrencies, the chances are they would have been drawn to Bitcoin. This is understandable as it is the premier name that people recognise and also, certainly at present, the one that appears most stable in terms of price action. When you have been in the market a while though, you may feel like moving into other areas, which is where Altcoins come in. What are Altcoins? Altcoins simply refer to the many, many different cryptocurrencies out there that aren’t Bitcoin. It is just a shortened version of ‘Alternative Coin’ which sums up its purpose. 3 strategies to trade Altcoins If you are thinking of investing in Altcoins, here are three ways you can trade them in the financial markets: 1. Invest while still in the ICO phase By doin...

The Next Evolution of Crypto Assets

Caviar seeks to change the way we think about crypto-assets with income-generating short-term loans, backed by real estate. By re-allocating funds between crypto and real estate markets, Caviar aims to provide income and growth via dual market exposure in a single token. By diversifying crypto-currencies and crypto-assets with income generating real estate loans, Caviar produces a risk sensitive portfolio. In case of a bare market in real estate or crypto, they plan to use their expertise to shift investment to maximize upside. They are currently building a proprietary Intelligent Predictive Model for Crypto Asset and Crypto Currency price forecasting backed by real data science. Caviar Intelligent Predictive Model (IPM) An innovative artificial intelligence predictive scheme model based o...

Will a large an unintended Hard fork disrupt the Ico as we know it?

A wise man once said it’s the unknown unknowns that crash markets. So how would an unexpected hard fork recreating the code affect the current landscape of Erc20 Tokens in the ICO market? Will it be good, bad or indifferent? Speculation of a sudden upgrade basically a code rewrite similar to the highly publicized DAO is rumored to be a possible outcome of the “accidental” delete of the code library that corresponds with a large well known ICOS wallets. One possible solution Some developers believe that the EIP is the solution. So what is the EIP exactly? According to GitHub the ethereum improvement protocol is as follows: The EIP allows for users with ether or other assets in common classes of “stuck” accounts to withdraw their assets. The first case covers co...

Government partnerships could see cryptocurrencies go mainstream

If there is one thing that the recent breakneck rise of Bitcoin this year has shown, it is just how popular it is becoming. More and more people are seemingly getting involved with this and other Blockchain based digital currencies. As this happens and digital currencies evolve over their lifetime, it will see a real march into the public consciousness and mainstream acceptance. Government partnerships helping with this One sure-fire way to increase the use and widespread acceptance of cryptocurrencies is by teaming up with governments, which is exactly what one Blockchain firm has done. ConsenSys recently partnered with the US Department of State to organise an event called the Blockchain State Forum. It is perhaps no surprise that this firm leads the way in this regard as the CEO is the ...