As one of the first founders of a truly viable Litecoin, Charlie Lee is somewhat of an internet sensation. After discovering Bitcoin from an online article whilst working at Google, Charlie embarked on a multi-year journey to create the silver to Bitcoin’s gold. In this time, the prince of cryptocurrency forged alliances with other early-adopters, developers, and enthusiasts to create what many consider to be the second most successful cryptocurrency to date. Without any further ado, let’s delve into who is Charlie Lee, the internet sensation and creator of Litecoin.
Robert Collins Jr., popularly called “Bo”, a former president of the New York Mercantile Exchange (NYMEX) is set to launch a new institutional crypto exchange platform. This new platform is being designed to target broker-dealers and institutional investors/traders in the cryptocurrency market.
No, crypto mining companies are not broke and mining on a large-scale over a period of time can still earn you hefty profits. Don’t let the headline give you any funny idea about crypto mining companies going full train wreck. They are NOT!
Then why start growing tomatoes at a mining facility, you are probably wondering.
The cryptocurrency market appears to be growing in popularity. The year 2017 was something of a turning point for cryptos and the performance of bitcoin and several ICOs seemed to have brought cryptos to the forefront of mainstream consciousness.
As a testament to the increasing popularity of cryptos, it could be seen that the largest cryptocurrency exchange platform in Indonesia is set to have more users than there are stock participants in the entire country.
Recently a court ruling that instructed Coinbase to hand over customer data to the IRS. As part of the ruling, the records of about 13,000 Coinbase customers and their transactions between 2013 and 2015 were to be handed to the tax body.
Although blockchain technology is extremely current and typically associated with the millennial generation, South Korea is demonstrating that the association is not necessarily valid, even when it comes to virtual currencies.
TrueEX, one of the major players in the derivatives market is planning to make the move to the burgeoning bitcoin derivatives market. During an announcement on Monday, March 12, 2018, the company said that it wants to begin offering bitcoin as well as other cryptocurrency derivatives.
Bitcoin has many possible use cases, just like cash or any other type of fungible asset. One thing that has become clear in the past year of cryptocurrency-related companies being created is there are many different potential applications of Bitcoin. In the early days of Bitcoin, one constantly highlighted benefit to the cryptocurrency was the simplicity of dealing with cross-border payments. People would always say it was great for facilitating capital flight in countries that were normally extremely restrictive, like China. But one use that is now coming to receive lots of interest is remittance payments.
Agora, the Switzerland-based blockchain startup has released its preliminary vote count of the Presidential election in Sierra Leone. In what has been described as a major milestone in the annals of blockchain technology, this is the first ever blockchain-tracked Presidential election anywhere in the world.
No matter how sophisticated the monetary and financial system of any country is, it is still considered a wise and prudent decision to have assets whose values are not based on fiat currency. It is based on this reason that assets like precious stones and rare items are still viewed in high regard by people looking to safeguard their wealth.
Take gold, for example, the precious stone is not tied to any economy in the world and as such, its value cannot be affected by the devaluation of the dollar or any other powerful world currency.