Please share if you find this article interesting. Company Behind $16K Smartphone Raises $110M In ICO SIRIN Labs, a producer of privacy-focused smartphones, has managed to raise $110 mln in the first 24 hours of its recent token sale, according to a press release published by the team. The substantial response to their campaign is notable against a backdrop of the overall market of the Initial Coin Offerings (ICOs) facing a period of decline. A likely reason for the strong response on the ICO’s first day is the fact that the team already had an established market presence. Back in 2016, SIRIN released the privacy-focused Android smartphone, Solarin. However, priced at over $16,000 a piece, it was not the most affordable option for the average consumer. The company is now developi
Please share if you find this article interesting. Price Analysis, December 14: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move is risky, you should conduct your own research when making a decision. Bitcoin futures are a reality. Will we soon see Bitcoin ETFs as well? Why not? A Bitcoin ETF will help the masses, and the institutional investors take a position in the new asset class. The additional scrutiny and the regulations that come with these new offerings will also boost the confidence in cryptocurrencies. Now, even political heads are warning that the current banking system may be on its...
Please share if you find this article interesting. Gibraltar Paves Way for Regulation of Crypto and DLT Companies Regulation The Legislature of Gibraltar has approved a bill designed to update the territory’s Financial Services regulations. The bill is expected to pave the way for the territory’s introduction of comprehensive legislation governing the operations of companies working in the distributed ledger and cryptocurrency industries next year. Also Read: Despite Regulation, Russians Plan to Build Europe’s Largest Mining Farms Gibraltar Updates “Financial Services (Investment and Fiduciary Services) Act” In an explanatory memorandum, the bill states its intention “to extend measures for the protection of investors to the customers of licensees carrying on controlled acti
Please share if you find this article interesting. Bitcoin Cash Will Close Out 2017 With Significant Infrastructure Support - Bitcoin News News The end of the year is approaching, and the Bitcoin Cash (BCH) network and community have continued to see significant growth. From merchant acceptance, cryptocurrency businesses integrating support, and many other additions to the BCH economy, shows that bitcoin cash will have some robust infrastructure for 2018. Also Read: Increased South African Bitcoin Adoption Highlights Need For Taxation Clarity Bitcoin Cash Trade Volume Jumps While BCH Price Heads Northbound This week the price of bitcoin cash has jumped quite a bit after meandering around the $1,300 region just a few weeks ago. Last night the price topped out at $2,000 per B
Please share if you find this article interesting. IOTA Drops on Controversy – Could this be Temporary? IOTA confirmed below a triangle chart pattern on Thursday after a Microsoft partnership misrepresentation scandal. What’s next for the new kid around the block? What Went Down Before Also called the new Bitcoin, IOTA’s market cap suddenly jumped to number 4 on the cryptocurrency list last week. Its price surged over 600% going from $1 to $5.5. One of the main reasons the company got so much attention was that they made us believe they are fully partnering up with Microsoft. CCN reported that large-scale conglomerates including Samsung, Cisco, and Volkswagen also partnered with IOTA, to utilize its Tangle-based solution for data monetization. What Happened This Week This week it
Please share if you find this article interesting. Senior VP Says eBay “Seriously Considering” Bitcoin Integration eBay, the $39 billion e-commerce platform, is seriously considering integrating Bitcoin into its platform as a payment method. In an interview with Yahoo Finance, eBay Americas senior vice president Scott Cutler stated that eBay is “seriously considering” integrating Bitcoin. Power of Bitcoin Throughout the past 12 months, the stock price of Overstock has increased by over 130 percent, triggered by the company’s involvement in various Bitcoin and Blockchain technology ventures. Several major conglomerates such as Japan’s GMO have also experienced a rapid increase in their stock values subsequent to their integration of Bitcoin. It has become increasingly challenging
Please share if you find this article interesting. India’s Tax Man Knocks on Door of Cryptocurrency Exchanges; Seeks Identifying Information India’s Income Tax Department, which falls under the Department of Revenue of the Ministry of Finance, began conducting surveys across the country on December 13, 2017. Investigators for the government agency visited nine exchanges spread out across Delhi, Bangalore, Hyderabad, Cochin and Gurgaon according to India’s Economic Times. The publication also said that these surveys were undertaken under Section 133A of the Income Tax Act, which is for the purpose of gathering evidence. Tax authorities seeking identity information Business Standard reported that the tax men visited exchanges with financial data and inputs already in their possessi
Please share if you find this article interesting. Venezuelans Turn to Bitcoin as Government Crackdown on Mining Intensifies - Bitcoin News Economics In contrast to many people around the world, who adopt bitcoin to make a quick profit, citizens of Venezuela use the currency as a matter of sheer survival. Venezuelans resort to the cryptocurrency to stay afloat, fighting the rising tides of hyperinflation. Even in the face of fierce government crackdowns, which are only getting worse, its people continue to rely on bitcoin. Also Read: Israeli PM Netanyahu Says Bitcoin Is Rising as Banks Are Destined to Disappear Bitcoin Miners Must Register We previously covered the Venezuelan government’s crackdown on bitcoin mining and how people are still willing to risk arrests and police
Please share if you find this article interesting. Synergizing Gaming Industry Through Blockchain The online gaming industry is endowed with enormous potential that can only be achieved through the collaborative synergy of all the parties involved within the ecosystem. Developers, publishers, advertisers and gamers themselves have all pursued their own independent goals, leaving each group with the circumstance of expending so much energy and resources for some limited rewards. Creating a platform where everyone can participate effectively while synergizing with other key influencers of the industry will not only enable a robust ecosystem, but it will also enhance the various opportunities that are available for every participant. A unique platform for gamers Game Machine is a Bl...
Please share if you find this article interesting. Wanna Have a Crypto Lamborghini? One of the most fun parts of the recent BlockShow Asia 2017 was meeting new great Blockchain-powered companies driving the industry in the APAC region; so was BitCar, a Singapore-based project which implements quite an innovative concept - peer-to-peer ownership of exotic cars. The Cointelegraph team had a chance to chat with Gov Van Ek, the co-founder and Sheree Ip, legal & Blockchain development head at BitCar, about Singapore, reading and how the things were different back in 2013. However, all the chats with company representatives came after the main part of the conference - in which BitCar were directly and so actively involved. Hong Kong, Singapore and yellow Lamborghini The recent conferen...