Bitcoin News Review – 3 May 2018

Here is a round-up of the digital economy news for the day:-   Goldman Sachs Says Bitcoin ‘Is Not A Fraud’, Plans Trading   Crypto Exchange Bitgrail Opens For Three Hours Before Legally Forced Shutdown Bitgrail posted a statement on its website later that day in order to explain the reason for the abrupt shutdown, which they “don’t agree with”: “This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision…

Read More

How to AIRDROP and market your ICO token or cryptocurrency

One of the major hurdles faced by ICO’s (Initial Coin Offerings) is the adoption of the token or coin in question. In order to increase the value of the coin/token, it is essential to the success of a project or coin that potential users or investors are engaged, wallets downloaded and the coin/token transacted with.   A popular method to create awareness is to make use of “AIRDROPS”.   What are Airdrops?   Airdropping is a process whereby a cryptocurrency enterprise, startup or ICO distributes cryptocurrency tokens to early adopters…

Read More

The World’s Largest Bitcoin ATM Network, Coinsource Nears 200 Machines with Latest Installment in the Nation’s Capital

While Capitol Hill takes a closer look at this emerging asset class, Coinsource enters the D.C. market. Washington, D.C. – April 12, 2018 – Coinsource, the world’s largest Bitcoin ATM network, today announced its first expansion into the Nation’s capital. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from Bitcoin users and local merchants. This installation caps off a successful first quarter for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight…

Read More

Cryptosuite Review

Cryptosuite is the latest offering of online software vendor Luke McGuire and we thought it would be worth a look.     Luke has a good track record for creating valuable software and trading software in the Crypto space is much needed and in this regard, Cryptosuite is definitely targeting a gap in the market.  As Luke says, “Imagine being able to and with no experience at all, be given the winning coins instantly based on LIVE facts, invest in seconds & start profiting right away while being able to…

Read More

Cryptocurrency Exchanges demand up to $3 million to list ICO tokens

Cryptocurrency exchanges are sitting in the “pound seats” so to say as they are now charging huge listing fees to ICO’s. According to a report by Bitcoin.com and Autonomous,  to list an ICO on well-known cryptocurrency exchanges can cost anywhere between $1 – $3 million.  With these astronomical listing fees, ICO’s could be over funding their projects just to cover these costs.   Interestingly to note, the fee on the Nasdaq Capital Market for a listing of up to 15 million shares costs $55,000, substantially lower than the charges touted…

Read More

Jamie Dimon Calls Trump Wall ICO a “Fraud”

The response from one well-known crypto-slammer, JP Morgan Boss,  Jamie Dimon to the announcement of the Trump Wall ICO, was swift.   He simply called it a “Fraud”   Fast and hard words from a man who earlier this year called Bitcoin a Fraud and then later Flip-Flopped, George Bush style.   Maybe he will review his position later or will the Wall Coin also be a threat to the JP Morgan business model?     Other Crypto Influencers were equally vocal about the wall.   Roger Ver – commented:…

Read More

Facebook relaxes Advertising Rules for Trump WALL ICO

Facebook announced earlier today that it would relax its advertising rules for the Trump Wall ICO announced by President Donald Trump earlier this morning.   The announcement was made by wall builder extraordinaire, Mark Zuckerberg – who build a massive 6 Foot $100 Million dollar wall around his Estate in Hawaii.   It is clear that no-one unwanted should venture the home of the Facebook founder     As we and 50 Million other users know, Facebook likes to keep things private!   Google and Twitter have not responded yet…

Read More

Another three Cryptocurrency exchanges DUMPED by traditional Banking Industry

Yet another blow to cryptocurrency by traditional banking – this time in Chile. State-owned BancoEstado was providing financial services to the three exchanges but has just announced that their accounts will be closed in ten days.   This news was reported in the local newspaper, El Mercurio.     The bank announced – “BancoEstado adopted the decision, for now, not to operate with companies that are dedicated to the issue or creation, brokerage, intermediation or serve as a platform for calls or so-called cryptocurrencies.”   Orionx, CryptoMKT and Buda.com are the…

Read More

What is the EOT Blockchain?

The EOT Blockchain is an immutable record of all EOT transactions, stored on a network of computers thus creating a distributed ledger of all transactions.     How Does the EOT Blockchain Work? When EOT started a first version of the record in the ledger was created and stored in what is block 1 or otherwise known as the Genesis block.   All information on the blockchain are stored in files which are encrypted, in the world of cryptocurrency, these files are known as wallets.   Every file/wallet has an…

Read More

Unified Global Cryptocurrency Regulation called for by G20

Last year, 2017, was most certainly the year of the ICO, and 2018 could prove to be the year of regulation.  At the G20 meeting of finance ministers in Buenos Aires, it was agreed by the member nations that more information on cryptocurrencies needs to be gathered and examined.  However, countries do see cryptocurrency as an asset, not a currency.     As cryptocurrency fever takes hold of the world, regulators in various countries are making their positions known.  In the USA, the Securities and Exchange Commission (SEC) has issued…

Read More