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How the Total Crypto Ad Ban Will Hinder Growth in the Virtual Currency Industry

How the Total Crypto Ad Ban Will Hinder Growth in the Virtual Currency Industry

by David Drake In January of this year, Facebook banned advertisements on cryptocurrency and initial coin offerings (ICOs) as well as binary options, as part of its efforts to prevent misleading information and practices. During the first half of March, Google announced that starting June 2018, it will ban all cryptocurrency-related advertisements on all of its sites. These include initial coin offerings, cryptocurrency exchanges and wallets as well as cryptocurrency trading advice. A few days ago, Twitter also announced a ban on cryptocurrency related advertisements on its site. Sky News reported that the recent decision on the crypto ban would be enforced within 2 weeks. The ban includes advertisements for token sales, ICOs, and cryptocurrency wallets around the world. In 2017, Google removed an average of 100 bad ads per second and 320,000 publishers from its ad network for violating policies, as well as blacklisting nearly 90,000 websites. Google also stopped 79 million ads ... Read More »

The Real Reason SEC Moved to Suspend Trading for 3 Companies

The Real Reason SEC Moved to Suspend Trading for 3 Companies

By David Drake Three companies, Victura Construction Group, PDX Partners and Cherubim Interests, aren’t allowed to trade their stocks during the period between February 16 and March 2, 2018. This is because the Securities and Exchange Commission (SEC) has temporarily halted their trading following claims that the companies had acquired blockchain and cryptocurrency related assets. “The SEC imposed a 2 week halt to trading of these companies with the likely intent to allow  the market adequate time to perform their due diligence. The concern in this regard is to note that the SEC took action against a company because of cryptocurrency holdings. Ideally we would like to police ourselves, and allow crypto to slowly integrate into financial regulations that make sense,” notes Pinnacle Brilliance CEO Roman Guelfi-Gibbs. The market capitalization for each of the three firms is below $5 million and they trade their stocks over-the-counter. SEC’s move to suspend trading of ... Read More »

Will Other UAE Countries Follow Abu Dhabi in Regulating Crypto Trading?

abu-dhabi-UAE

by David Drake Five months after introducing guidelines for initial coin offerings (ICOs), the government in Abu Dhabi is now looking for ways to regulate cryptocurrency intermediaries and exchanges. For players in the cryptocurrency industry, this has not come as a surprise. “It wouldn’t surprise me to see some type of cryptocurrency regulation within the Middle East. It is bound to happen at some point, why not start now and hold companies to account. I believe surrounding countries will follow as well,” says Andrew Stanford, Partner at AssetToken. Other cryptocurrency community members feel that regulating the activities of cryptocurrency intermediaries, including exchanges, is a move in the right direction because it helps safeguard the interests of cryptocurrency traders. Jameel Shariff, CEO of P2PS Token says, “The advent of cryptocurrencies has seen UAE leaders keep a close eye on its progress and proliferation in order to formulate regulatory norms that would develop a strong, ... Read More »

Wondering Whether to Invest in Bitcoin? Top 2 Reasons Why you Actually Should

Wondering Whether to Invest in Bitcoin

by David Drake Bitcoin is still the cryptocurrency market leader commanding 38% of the entire market valuation. Despite experiencing high volatility last month, this cryptocurrency continues to exhibit high resilience, gaining value to trade at  $11,206 on February 2017 just weeks after it hit a low of less than $6,000. The value of digital assets, like Bitcoin, is continually being driven by technological advancements that facilitate virtual trading as Jameel Shariff, CEO of P2PS token notes. “Due to the ever growing technological advances that are briskly changing our world into a global village, Bitcoin and other major cryptos are fast becoming valuable products that are needed by end users in order to conveniently exchange their store of value to a product or service they require,” he says. Store of Value Due to the value it gained in 2017, many people are beginning to see Bitcoin as a store of value. The rising ... Read More »

Will the Bubble Burst for Bitcoin in 2018?

Will the Bubble Burst for Bitcoin

By David Drake Bitcoin has consistently held the number one position in the cryptocurrency market with a high of $19,783.06 in price and a market capitalization of $327 billion on December 17, 2017. However, since the turn of the year, Bitcoin has recorded a steady decline in price. The leading virtual currency traded at $13,412 on January 1, 2018 and dropped 48.9% in just 6 weeks to trade at $8,516.24 on February 14, 2018. This downward trend in price raised the question, will Bitcoin be dethroned as the leading cryptocurrency in 2018? “That is always a possibility. We know that the Bitcoin Cash crowd are vying for the title and have taken active measures to overtake Bitcoin. We know that lightning is coming with promised upgrades in speed and transaction fees. For 2018, Bitcoin will remain king and should be able to stave off further attacks on its public standing,” notes Roman Guelfi-Gibbs, CEO ... Read More »

How Telegram is Positioning Itself to Tap into $530 Billion Funds Transfer Market

How Telegram is Positioning Itself to Tap into $530 Billion Funds Transfer Market

By David Drake Telegram, an instant messaging cloud-based app, is seeking to transform the way people interact and make payments. Through its proposed blockchain-backed Telegram Open Network – and in conjunction with its cryptocurrency, Gram – Telegram is set to become the first western chat app to offer payment services to users. In doing so, it has become China’s WeChat main competitor. According to Sheldon Corey, President of Arges Inc. and Worlds Financial Centre, this move will enable Telegram to get a share of the growing funds transfer market. He says, “Now Telegram is making its play for a more direct share of the $530 Billion money transfer market by offering “Gram”, a way to transfer funds within the Telegram platform, among its 180 million crypto-savvy users. This is a similar approach to WeChat’s internal money transfer service, offered to its 900 million users. Ripple may find that is has chosen ... Read More »

Does Dogecoin Enjoy Sufficient Demand to Compete in the Crypto Market?

Does Dogecoin Enjoy Sufficient Demand to Compete in the Crypto Market?

By David Drake Dogecoin made headlines this past weekend when its value hit the $2 billion mark briefly,  up from $24 million about a year ago. At the time of writing this article, its market capitalization had dropped to $1.4 billion according to the CoinMarketCap. As a cryptocurrency that was developed as a joke, and not being updated for almost two years, it’s hard for some players in the crypto market to take its performance seriously and begin seeing it as an avid competitor. “Dogecoin’s market cap touched $2 billion this week, but it is hard to take seriously, a currency built on a lark, that hasn’t had a software update in two years since the founder, Jackson Palmer, last held it as a currency. Dogecoin users are spending a small portion of their disposable income on novelty, entertainment, and charity; almost in a backhanded, kind of way. I believe it ... Read More »

Will Ether Survive the Cryptocurrency Crash and its Upcoming Hard Fork?

Hedge Fund Blogs From HedgeCo.Net ← Does Dogecoin Enjoy Sufficient Demand to Compete in the Crypto Market? Will Ether Survive the Cryptocurrency Crash and its Upcoming Hard Fork?

by David Drake The price of Ether plunged further today to trade at $975. This second largest cryptocurrency is not alone in the downward trend, the widespread cryptocurrency crash has affected almost all cryptocurrencies in the market. But this isn’t the only reason why Ether’s price is experiencing a sharp drop. The upcoming hard fork could also be affecting its value. Anton Mitrohkin, CFO and Co-founder of Descrow, says, “The price of Ether is influenced by the expected hard fork on January 19. In general, after this date, you can expect a rebound in the price of Ether. Then it will be possible to judge the real value of these crypto-currencies and their place in the world ranking.” Days after Ethereum’s market capitalization surpassed that of Ripple on the coin market, the cryptocurrency traded at an all time high price of $1375 on January 10, having surpassed the $1000 mark the weekend before. ... Read More »

Will Telegram’s Decentralized Platform OutSmart WeChat?

Will Telegram’s Decentralized Platform OutSmart WeChat?

By David Drake There are reports that Telegram is launching a landmark initial coin offering (ICO) in  upcoming months. The company plans to set up a blockchain platform, known as Telegram Open Network (TON), to facilitate payment via its messaging app. Some industry players view the integration of blockchain into a messaging app as an attractive model that users will appreciate. Vasily Kozlov, Connectius founder and CEO, says, “In light of the colossal increase in the amount of users of Telegram messaging services in 2017, the idea of integrating blockchain solutions for user exchange in an app with closed source code becomes increasingly more attractive. The platform’s founder, Pavel Durov, expressed an interest in cryptocurrency and blockchain technology long before the release of the app. This could potentially be the most global ICO company, considering the success of Canadian messaging service, Kik.” Through TON, Telegram will develop a cryptocurrency payment system similar ... Read More »

Can Ripple Compete With Ether after Recent Price Plunge?

Can Ripple Compete With Ether after Recent Price Plunge?

by David Drake Ether has overtaken Ripple to reclaim its position as the second biggest digital currency in terms of market value. Ripple’s second-place spot was short-lived having overtaken Ether only ten days ago after which it dropped to third place after its value surged by more than 14%. According to Eran Eyal, CEO and Founder of Shopin, the competition between Ether and Ripple is not about to end. “The race and rally between Ripple and Ethereum is absolutely going to continue. You’re going to very likely see a huge spike in Ethereum over the next coming months and quite possibly hitting $8000 by next year. Ripple has had a fantastic rally and amazing adoption by banks, whilst Ethereum has far greater widespread application. We are only starting to see that now and when upgrades hit Ethereum this year that will go to a completely new level,” Eyal says. Many ... Read More »

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