Cryptocurrency

‘Seed Capital for the Poor’: Pineapple Fund

The Pine, bitcoin whale, has announced $5 million to the Give Directly organization for the ‘seed capital for the poor’ project. The project is targeted for the benefit of people surviving poverty in Kenya, Uganda and Rwanda. The Pineapple Fund had also made six previous charities which include Watsi, The Water Project, the Electronic Frontier Foundation, the Bitgive Foundation and such others.

 

Hackers breached Cryptominers

Hackers from North Korea named as Andariel, stole nearly $25,000 worth Monero from South Korean crypto users. A report published by South Korean government Financial Security Institute revealed that the hackers “focused on attaching South Korean business and government agencies”.

 

CryptoKitties fascinated nearly 200,000 Users

“A hypothetical net gain of $42,321.15” was accrued reported an entrepreneur to The Verge. The co-founder of CryptoKitties commented, Mack Flavelle that “for a couple of bucks, you can get a cat” that are colorful on the Ethereum trading platform. It was noted that nearly 1,80,000 users have already spent $20 million on ether.

 

High demand for Blockchain developers in Switzerland

Switzerland, being one among developing country considering digital currency and Blockchain development observe high demand for Blockchain developers. The Business Insider reported that the developers demand nearly $180,000 per year. The companies offering ICO tend to attract the developers paying high end salaries to them.

 

CME Bitcoin by E-Trade Financial Corporation

The digital stock brokerage firm, E-Trade Financial Corporation, flung open a trading platform for bitcoin futures from CME Group. The customers were allowed to trade in bitcoin futures from CBOE Global Markets from the mid of December after U.S. Commodity Futures Trading Commission (CFTC) approval of CBOE and CME. .

 

Fintech presents physical Bitcoins

The Canadian firm Fintech Select Limited launched physical bitcoin products. The firm believes that they can attract huge number of customers by publicizing its physical bitcoins divided by fractional bitcoins into a single wallet. The firm had also launched POS platform for customers to buy cryptocurrency from local retailers.

Rising Ripple gets the second position

Ripple secures Ethereum’s position in market. Outperforming Ripple (XRP) coins whose price continues to rise with its market capacity became the second valuable digital coin. It surpassed Ethereum in the crypto market. The value per coin has reached at $2.50 and peaked at $2.84 before New Year and continues to grow hike. However, it is perceived that Ripple may not be steadily hold second position.

Thiel’s $20 million matures bigger

Peter Thiel’s firm, Founders Fund based in San Francisco has been purchasing bitcoins worth $20 million. They are now worth several hundred million dollars in the market today reported Wall Street Journal. He quoted that “cryptocurrency is like a reserve form of money. If bitcoin ends up being the cyber equivalent of gold, it has a great potential”.

South Koreans Deposit 64 times higher in 2017

The Korean Financial Supervisory Service (FSS) received data revealing deposits made by Koreans in cryptocurrency exchanges during the year 2017. Through the publication, the total amount of deposits made during the year 2014 was 2.5 billion; in 2015, 9 billion; during 2016, 32.2 billion and at the end of 2017, 2.067 trillion was noted.  

 

Bitcoin Users Account Freeze

The bitcoin user’s accounts were put on halt by the Australian banks especially by National Australia Bank, ANZ, Commonwealth Bank of Australia and Westpac Banking Corporation. The Spokesman of the Commonwealth Bank of Australia said the users can transact with currencies “as long as they comply with the terms and conditions”. Though the accounts were set to freeze, the criteria set for targeting certain users are unknown.