Monday, July 23Your Daily Bitcoin & Altcoin News Portal

ALTCOINS

Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

ALTCOINS
Ad-blocking browser startup Brave is having trouble spending the millions of dollars it recently raised via an initial token offering (ICO) on the ethereum blockchain. After attracting what was then valued at $35m by selling cryptographic assets aimed at monetizing online user behavior, the startup today posted the first of a series of job posts that would double the startup’s size. However, after having privately been on the hunt for talent for weeks, Brave founder Brenden Eich is cautious about how quickly he’ll be able to find the much-needed talent. In the wake of a historic year of ICO fundraisers, the competition for talent has reached a tipping point. “We need ethereum talent and that’s scarce right now,” said Eich, who formerly co-founded Mozilla and Firefox, telling C
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Experts Believe Cryptocurrencies Still Have Unprecedented Returns to Offer

Experts Believe Cryptocurrencies Still Have Unprecedented Returns to Offer

ALTCOINS
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer. New Heights Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash. There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though, predictions for digital currency are still aimed astronomically skyward. It is because of the popularity and huge increase in uptake that these digital currencies are on the rise, but also due to companies looking
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Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin

Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin

ALTCOINS, BITCOIN
An Israeli official gave a talk in Tel Aviv today regarding the challenges with regulating ICO’s and bitcoin. Professor Shmuel Hauser, Head of the Israeli Securities Authority, expressed fear and concern about cryptocurrencies. He seemed to see digital tokens as representing a threat, and he urged regulators to be more “paternalistic” in their oversight of ICO’s.  Investors Cannot Look After Themselves and do Not Understand Cryptocurrencies Hauser elaborated on his position, saying, “We have to address today what is happening with bitcoin, blockchain and ICOs that are challenging the current regulation around the world. It is here at the gates of the stock exchange. It is a new economy where the companies have no faces, and the investors have no faces. Our task is to get ready now in
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World’s First Local Government Digital Currency HullCoin Could Launch This September

World’s First Local Government Digital Currency HullCoin Could Launch This September

ALTCOINS
Local currencies are nothing new and, local digital currencies are also a thing nowadays, with the Liverpool Local Pound (LLP) and the Local Pound, East London, for example, coming into existence this year, thanks to Tel-Aviv-based technology company Colu. These local digital currencies were created pegged to the pound, with each token being worth £1. Just like other local currencies, these were presumably created to incentivize locals to buy and sell locally. According to The Telegraph, during the 19th and 20th century, local currencies were even used to fill the void when national currencies and welfare systems failed. Now, a local government’s project may be about to come true, as HullCoin, according to the BBC, may be launched in September this year, if a bid for a £500,000 (
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The Bank of England Tests Ripple’s Interledger Technology to Settle International Payments

The Bank of England Tests Ripple’s Interledger Technology to Settle International Payments

ADOPTION, ALTCOINS
The Bank of England has released new details about a proof-of-concept it has developed in partnership with distributed ledger startup Ripple. Among several fintech proofs-of-concept revealed by the UK central bank yesterday, one test involved Ripple’s Interledger protocol, designed to facilitate transactions between different distributed ledger systems. The trial centered on a cross-border payment scenario in which “two different currencies” were “executed simultaneously in two different simulated RTGS [real-time gross settlement] systems,” with blockchain potentially serving as means for synchronizing the settlement of transactions. According to its outline of the proof-of-concept, the Bank of England used the test in part as a springboard to investigate issues around liq
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3 Question To Ask Before Investing In An ICO

3 Question To Ask Before Investing In An ICO

ALTCOINS
There appears to be an ICO frenzy across the Blockchain industry. Everywhere you look, a new product is created with a corresponding ICO launch. While there are genuine products and judiciously executed ICOs, there have been reports of insincere setups that only succeed in reaping the masses of their wealth. Industrial stage of development Despite noting this as an unfortunate development, Helium co-founder, Jason Cassidy identifies the ICO scenario to be common with other developing industries. According to Cassidy, whenever a new industry reaches a certain level of market penetration, the floodgates open up and a host of actors enter into the space. While many of these individuals have good products or services backed by good intentions, human nature dictates we will see a mix of p
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Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

ALTCOINS
Further details from a police charge sheet have emerged during the ongoing crackdown against OneCoin in India, a purported digital currency scheme widely seen as a scam. Indian authorities have filed a primary charge sheet against 30 individuals accused of promoting OneCoin in the country. The charge sheet, a formal document of accusation by law enforcement to a court of law, also includes Bulgarian national Rjua Ignatova, the founder and ‘CEO’ of OneCoin, according to the Indian Express. Tushar Doshi, deputy commissioner of crime at Navi Mumbai police stated: In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme. Filed at a court of law in Mumbai by local police, the charge sheet reveals details of the investigati
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Dogecoin Exchange Founder Ryan Kennedy In Hot Soup Over Theft of Bitcoins, Money Laundering

Dogecoin Exchange Founder Ryan Kennedy In Hot Soup Over Theft of Bitcoins, Money Laundering

ALTCOINS
Dogecoin exchange founder and convicted rapist Ryan Kennedy lands in fresh hot soup over the theft of Bitcoins, money laundering and fraud. British police have released a statement saying that Ryan Kennedy has been taken into custody. Kennedy is the founder of the now shuttered Moolah Dogecoin exchange, which he had started under the name of Alex Green. During his stint as Green, Ryan Kennedy became infamous for giving away or tipping generous amounts of Dogecoins to complete strangers. He was also known for sponsoring a NASCAR driver. Charged with fraud According to a statement by the Somerset Constabulary, Ryan Kennedy has been charged with offenses under the Fraud Act of 2006 and Proceeds of Crime Act 2002. The police say that the alleged offences took place in a period between
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Why Does America Hate Crypto So Much To Become No Go Zone For ICOs?

Why Does America Hate Crypto So Much To Become No Go Zone For ICOs?

ALTCOINS
The US is rapidly becoming a ‘no go’ areas for ICOs as some states and the SEC want to lock everyone up that is linked to the new capital market for no other reason as it dilutes their power and authority. Please spare me the arguments against ICOs. It is not as they proclaim about protecting investors interests, the people – because not only do these bodies not care, they stand back and let the bankers do what they want. ICOs kill innovation? And then the regulators pay for negative PR again proclaiming ICOs kill innovation because they see the real threat coming. ICOs are where the crowd decides who wins and who loses and not the few. In 2008 did they protect investors or again today as another subprime car loan bubble emerges? Yet we let them get away with it, and why ICOs are a
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A Team of Developers to Introduce Blockchain to the Booming Skin Trade Industry

A Team of Developers to Introduce Blockchain to the Booming Skin Trade Industry

ADOPTION, ALTCOINS
A team of developers for game projects in eSports has undertaken to solve the problem currently faced by millions of gamers online by issuing a single token dubbed SkinCoin. This cryptocurrency could be used for trading in-game skins and clearing transactions at third-party platforms. The project develops an exchange service with an API so that third-party websites could integrate it. Skins are essentially in-game alterations of visual appearance of items of characters that don’t influence actual gameplay. First introduced at Steam platform as rewards, they soon became an economic phenomenon. According to Bloomberg and analytics by Eliers & Krejcik Gaming, in 2016 alone the turnover of in-game items at third-party services has exceeded $7 billion, with some rare skins beco