BlackRock, the global investment management corporation based in New York City, has set up a working group to look into ways it can take advantage of cryptocurrencies and blockchain industry, its CEO said on July 16, 2018.
By far the most popular way to date to fund new blockchain projects has been the initial coin offering (ICO). It’s so popular that in 2017 nearly $4 billion was raised through ICOs, but so far in the first half of 2018 (through June 30, 2018) over $12 billion has been raised through ICOs. The problem with the ICO process is that it is fraught with hackers, frauds and mediocre projects.
Data from Coin ATM Radar website shows that 3472 Bitcoin ATMs have already been installed in 72 countries. But none of these ATMs has captured the attention of the cryptocurrency community than the installation of MoonZera in Malta on July 14, 2018.
MoonZera is the first two-way Bitcoin ATM in the market. Developed by an innovative company called MoonZebra, the ATM enables users to buy as well as sell cryptocurrencies using fiat currency. Using the two-way Bitcoin ATM, users will also be able to convert fiat currency to cryptocurrencies and vice versa.
When it comes to cryptocurrency, nothing really compares to Bitcoin. Its name remains synonymous with cryptocurrency to the general public who are not aware of the fact that different cryptocurrencies even exist in this space.
However, since these other cryptocurrencies do exist and remain very popular amongst people who have some knowledge about the cryptocurrency industry, several new cryptocurrencies have come to surface in the past few years and have gone on to achieve success on their own.
If you’re looking for a new alternative to the existing cryptocurrency exchanges you have no further to look than Gate.io, which has just come into operation in 2017. It was created with a goal of offering users access to otherwise difficult to find coins and new projects, and it seems to be seeing good early success. Additionally, it was designed to help investors find information about current market trends and specific coins.
A Venezuelan man has created something of a global sensation after successfully purchasing and distributing 300 kilograms of food for his family and others in his locality using 61 NANO tokens that he received as a donation. Only known by the pseudonym ‘Hector’, the crypto user has captured the hearts and imagination of people worldwide with his ‘Adopt A Family’ crypto movement, which seeks to feed disadvantaged Venezuelans using crypto donations.
If just having your cryptocurrency exchanges isn’t enough, you can consider consolidating them all under one umbrella with the Coinigy platform. This is a platform that’s available on desktop and mobile, and was created with the serious cryptocurrency trader in mind. It connects over 45 cryptocurrency exchanges in one platform that is customizable and gives you access to data, charts and orders. It can really simplify the trading process if you’re into dozens of small altcoins spread over multiple exchanges. It also provides good education on the platform and trading with a series of articles and videos.
The amount of computing power used by Bitcoin’s network of computers to create new coins has risen dramatically since 2017 despite the drop in the Bitcoin price.
Monero has risen to be the top privacy coin in cryptocurrencies, with a market cap large enough to make it the #13 largest crypto by market cap as of early July 2018. One of the reasons it has risen so far is the highly engaged community of developers and users.
In addition to the privacy feature, many have been attracted to Monero because it is very user-friendly to miners. It remains as one of the coins that can be efficiently mined using the CPU or GPU on any computer. That means anyone can mine Monero, even without any special hardware. What makes Monero so user-friendly for mining is its consensus algorithm, which is currently Cryptonight v7.
South Korean crypto traders have shown tremendous interest in the EnergiToken (ETK), a project of a Manchester, UK-based blockchain company Energi Mine.