Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange

Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD. Stake Sold Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed by BK Global, a plastic surgery medical group in Singapore. BTC Holdings Company currently owns 76 percent of Bithumb’s equity…

Cryptocurrency Sell-Off: Bitcoin (BTC) Plummets and Market Follows Suit

The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since. Cryptocurrency Sell-Off According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,264.43 a coin, down -4.63%. Most of the cryptocurrency market has followed Bitcoin’s spiral, and most coins in the top 15 cryptocurrencies by their total market cap are seeing double-digit percentage losses. Ethereum (ETH) is currently trading at $201.10 a coin, down -11.07%…

A Crypto PayPal? UTRUST Will Make Crypto Online Transactions the Everyday Norm

A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace? Crypto Online Transactions The cryptocurrency market is still considered to be in its infancy, and many skeptics believe that, as a currency, it is hard to spend it day-to-day. Proof of this issue is that only 2% of online retailers accept crypto despite the increase in adoption for traders and businesses alike. Fear remains surrounding the volatile nature of a crypto’s price.…

Coinbase Japan: Exec Says Crypto Crackdown in Country is a Good Thing

Major US cryptocurrency exchange Coinbase said Japan’s tighter regulations towards cryptocurrency would give it an advantage, signaling the company’s confidence in securing the regulatory approval for Coinbase Japan. Japan has been long considered a crypto friendly country, compared to its neighbor China. The country has had a large pool of retail investors interested in blockchain technology and crypto and light-touch government policies. Due to high-profile hacks, Japan has decided to increase its regulatory oversight over the cryptocurrency industry. Coinbase Japan Mike Lempres, Chief Policy Officer at Coinbase, told the NIKKEI…

Ripple (XRP) and TRON (TRX) Prices Slide Despite Major Progress

The cryptocurrency market is trading in the red again today. Bitcoin (BTC) has just dipped below the $6,600 mark and Ethereum (ETH) is trading just above $225. Both Ripple (XRP) and TRON (TRX) are sliding down today, despite both announcing major news regarding their projects recently. Let’s take a closer look at Ripple and TRON and their latest project advancements. Ripple (XRP) Ripple concluded its Swell 2018 conference last week in San Francisco. #SwellbyRipple is a wrap for 2018! Thanks to all those who joined us in SF, and for…

Bitcoingambling.io Adds Support for Ethereum, Litecoin, Monero, & Other Cryptos

Bitcoingambling.io, a site that caters to those in the cryptocurrency gaming niche, has officially added support for additional currencies. Sometimes called altcoins or alternative currencies, these coins can provide benefits to the user over using Bitcoin such as faster transaction times or even anonymous spending, as with Monero. The site, founded in 2014, was originally focused on providing resources for individuals looking to gamble online using Bitcoin. However, a lot has changed since then in the world of cryptocurrency, and there are now many other popular cryptocurrencies which both cryptocurrency…

Binance Listing Fees: Largest Cryptocurrency Exchange Will Donate All Fees to Charity

Binance, the top cryptocurrency trading platform by its daily trade volume, just made a big announcement regarding its Binance listing fees. .@cz_binance on solving The #LastMile Issue, ensuring transparency in #charity, and calling developers to help design @BinanceBCF‘s new donation tracking platform. https://t.co/5FGoQbUbfx — Binance (@binance) October 9, 2018 Binance Listing Fees Changpeng Zhao, Binance’s Founder, said that he wrote down the Blockchain Charity Foundation four years ago, but wasn’t able to execute it at the time. With Binance’s catastrophic growth last year, it seems the founder believes now is the perfect…

The Biggest Blockchain Trends According to the 5 Experts!

This article covers the take of 5 experts from diverse fields of blockchain technologies on widely discussed blockchain trends. Since the inception of blockchain in the year 2008, the digital world has experienced a massive revolution. The blockchain technology has undergone a considerable evolution in a short period. It has been pushing limits and setting new boundaries in the digital space. According to experts, the year 2017 has been phenomenal in terms of the developments in blockchain technology. So, it goes without saying that 2018 is most likely to be…

KYC & AML: Could this Really be the End of the Decentralized Era?

If you’ve been following the news and tendencies of the crypto world, you should certainly know about Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Designed to make blockchain-supported transactions more transparent and secure, these procedures have been frequently subject to criticism. But what led to such pervasive criticism? And what is so controversial about KYC and AML? In a couple of minutes, you will understand why these procedures can easily lead the entire decentralized sector to death. KYC & AML vs. Anonymity Why has crypto become a subject…

How Restaurants Could Help Bitcoin Growth

Bitcoin is a distributed, worldwide, decentralized, digital money. The advantage of Bitcoin is that there is no central authority like a bank, company, or government issuing Bitcoin. Bitcoin might be intimidating to most restaurant owners because it’s not integrated with most POS systems. For retailers and POS companies, Bitcoin is a better alternative to credit card companies because they charge between three and five percent of each purchase simply to use the service. It costs even more to wire money from one country to another. Here are some of the…