Tag Archives: Industry

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea. Security Tokens Still Need Regulation Initial coin offerings were seen as a great way to launch a project by selling tokens for it in cryptocurrency, which was predominantly Ethereum. However the scammers and shysters soon took advantage of this relatively easy way of making money at the behest of the uninitiated, and on the […]

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What Makes Bitcoin ETF Delay a Good News for Crypto Industry

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash. No ETF in Q1 2019 Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products for its […]

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Professionalism in Crypto Needed, Gemini is Setting Industry Standards

Professionalism in Crypto Needed, Gemini is Setting Industry Standards

This week, prominent U.S.-based crypto exchange Gemini revealed it had become the first-ever cryptocurrency exchange and custodian to successfully complete a System and Organization Controls (SOC 2) for Service Organizations Type 1 examination. The SOC 2 examination was conducted by “Big Four” auditor Deloitte & Touche LLP, and helps cement Gemini’s reputation for pushing the envelope for cryptocurrency compliance and regulation, and its status as an industry standard-setting leader in the crypto space. Gemini Completes SOC 2 Exam, Proving Compliance and Security Prowess SOC 2 reviews are […]

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Ducking Bitcoin Taxes Will Not Help Industry Grow

Ducking Bitcoin Taxes Will Not Help Industry Grow

Early Bitcoin believers ventured into the digital currency industry because of its autonomy and anonymity. But the anti-establishment attitude cannot help the sector grow, according to Bittax. The Israel-based crypto tax specialist said that most people would not pay taxes off their crypto-based capital gains. However, if a majority of the crypto industry becomes a tax defaulter, governments will put more roadblocks before its mass adoption plans. Or Lokay Cohen, the vice president at Bittax, explained that Bitcoin would gain momentum as a broadly accepted currency only […]

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Investors Will Soon be Able to Buy Stocks With Bitcoin, Crypto Industry is Highly Optimistic

Investors Will Soon be Able to Buy Stocks With Bitcoin, Crypto Industry is Highly Optimistic

Part of the appeal of crypto and Bitcoin is that it allows investors to very easily buy into an asset, whereas investing in publicly-traded stocks often requires an investor become accredited first, or invest a substantial minimum amount to get started. Popular crypto investing app Abra has announced they will be offering a way to use Bitcoin to collateralize stock and ETF contracts, enabling investors to invest in stocks that otherwise might not be available to them. The news already has the industry buzzing about the potential […]

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$3 Trillion Hedge Fund Industry Should Have 1% In Bitcoin (BTC), Claims Novogratz

Bitcoin Upstart Bread Cooks Up $15M Amid Crypto Winter

Although undoubtedly Bitcoin rose to worldwide fame and glory in late-2017, institutions have been slow to make a bonafide foray into this asset class. In fact, effectively zero preeminent Wall Street funds have divulged that they have taken active stakes in cryptocurrencies. Many traditionalists would argue that this is for good reason, but crypto’s enthusiasts have been left asking — what’s the deal? Novogratz: Where Are Bitcoin Allocations From Wall Street? In a tweet issued on Saturday, Mike Novogratz, the chief executive of the TSX-listed Galaxy Digital, made […]

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Bitcoin Needs To Reach At Least $7,000 to Save the Mining Industry: Analyst

Bitcoin Needs To Reach At Least $7,000 to Save the Mining Industry: Analyst

The economics of Bitcoin (BTC) is a touchy subject. Case in point, debates regarding the subject matter are the catalyst for some of the project’s leading forks. And while discourse regarding the subject has dissipated, especially as Craig Wright and Roger Ver have gone on their merry way, the long-term sustainability of Bitcoin’s consensus mechanism has recently come under fire. Filb Filb, a leading crypto asset researcher, looked to bring rational thought and numbers to a facet of this non-parley on Sunday, releasing a Twitter thread on […]

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Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry

Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry

Tron prices slide 8.5 percent in the last week Roy Liu, the business development manager, signs a deal with two of South Korea’s gaming associations Transaction volumes low, recovery depends on bull trend resumption The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. It is down 8.5 percent in the last week despite Roy Liu signing an MoU with two of South Korea’s leading gaming associations. Tron Price Analysis Fundamentals Without a shadow of a doubt, Tron Foundation is ambitious. […]

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Bitcoin and XRP Beware? Industry Reacts to JP Morgan ‘JPM Coin’ Crypto Announcement

Bitcoin and XRP Beware? Industry Reacts to JP Morgan 'JPM Coin' Crypto Announcement

After first calling Bitcoin a fraud in 2017, JP Morgan Chase CEO Jamie Dimon later said he regretted the statement in 2018. Now his firm has announced a new crypto called JPM Coin that’ll be used to instantaneously settle payments between banking clients in a similar vein to Ripple’s XRP. The announcement is viewed as both a positive and a negative for the crypto space and individual assets such as Bitcoin and XRP. The news already has the industry buzzing, offering up insightful thoughts on the impact […]

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