Power of Cryptos: $62M Worth of Litecoins Sent for Mere 50 Cents

CoinSpeaker Power of Cryptos: $62M Worth of Litecoins Sent for Mere 50 Cents As it’s said in the announcement, this Litecoin transaction is probably connected to the consolidation of funds into a new Multi-Signature / Segwit ‘M’ address from a handful of Legacy addresses. The transaction which created the new richest address on the network

Forbes ’30-Under-30′ Breeds New Crypto and Blockchain Influencers

CoinSpeaker Forbes ’30-Under-30′ Breeds New Crypto and Blockchain Influencers Everything old becomes new again with new Forbes list that is chronicling the best entrepreneurs across the United States and Canada. From bailing people out of jail to new payment technologies, young innovators are seriously shaking up some of the world’s hard-core industries but also FinTech

Ripple CEO: We’re Taking Over Swift on a Day-by-Day Basis

CoinSpeaker Ripple CEO: We’re Taking Over Swift on a Day-by-Day Basis Ripple has gained a pretty good reputation as a company that lowers the total cost of settlement by enabling banks to transact directly, instantly and with certainty of settlement. Its currency, XRP, has seen growth in value lately, which was partly due to a speculation regarding Ripple’s

Tether destroyed 500 million USDT Tokens to combat Token inflation

Last month has been one wild ride for Tether (USDT). Tether has seen massive influxes of USDT to its Treasury. This is due to the cryptocurrency losing “parity” with the USD. The entire cause of the loss of parity were doubts about Tether’s ability to access banking services and the lack of USD/USDT conversion. Last

Trader Fined and Jailed Over Fraudulent Scheme Worth Millions

A crypto trader was both fined and jailed by the United States Futures Trading Commission (CFTC). The fine was a no slap on the wrist and amounted to nearly $1 million. Joseph Kim is charged with running a fraudulent scheme involving bitcoins and litecoins. CFTC’s press release from November 9th stated that the Arizona-based trader

Financial Institutions are entering the Digital Currency Market

People know that financial institutions think of cryptocurrencies as arch enemies. But with the increase of opinions from financial advisors that the world is on the brink of another financial collapse because of inflation, maybe digital currency are the solution to some of the problems. Although not perfect, digital currency are still developing and will