CryptoTraderNews Archives - Page 19 of 20

ThursdayMay 02, 2019 10:13 am

Washington State Recognizes Distributed Ledger Technology

On April 26, 2019, Washington State Governor Jay Inslee signed into law, SB 5638, an act that defines blockchain and recognizes “the validity of distributed ledger technology.” This “blockchain bill,” sponsored by Senators Brown, Rivers, Becker, and Short, amends legislation so that new technology can be leveraged to help streamline commerce and business development. This updates archaic requirements like paper signatures for legal documents and further pushes mainstream adoption of secure and decentralized initiatives. The last time the Washington Electronic Authentication Act was updated was May 13, 1999. The current act now gives the following definition for blockchain and distributed…

WednesdayMay 01, 2019 10:49 am

5 Reasons To Buy Bitcoin Today

Bitcoin mooned in 2017. The value of the cryptocurrency went to around $20,000 per bit. Everyone had dreams of Lamborghinis and greater wealth. Bitcoin fever led almost everyone towards wanting to be a Bitcoin billionaire. It reached the point where people sold their conventional assets to obtain the digital currency. But times have changed since then. The Bitcoin fever dream isn’t as prevalent, especially with the cryptocurrency being down to $5,000. With that being said, Bitcoin is still very much alive and considered the same purveyor of financial technology that is was once deemed to be. If you haven’t invested…

TuesdayApr 30, 2019 12:41 pm

Why Crypto Millionaires Love Switzerland’s Taxation Policies

There are a quite a few benefits that come with being wealthy. One may enjoy exquisite vacations in exotic locations and have the pleasure of a concierge service to cater to your needs. Millionaires are able to experience these pleasantries by setting up systems or finding ways to produce income and more importantly keep a majority of their income. In their pursuit to preserve and maintain their wealth, they may elect to hold a bank account or a financial presence in Switzerland. From U.S. citizens to U.K. nationals, and from Arabian legacies to African financiers, millionaires all around the world…

MondayApr 29, 2019 1:05 pm

Cryptocurrency News Highlights: Week of April 28, 2019

Crypto Trader News is proud to present our top trending posts for the Week of April 28, 2019, highlighting articles that are moving at the speed of business. What is an Initial Exchange Offering (IEO)? Initial coin offerings (ICOs) and security token offerings (STOs) are two of the most widely used terms in cryptocurrency crowdfunding, but with recent developments, another term is becoming more prominent in the community: initial exchange offerings (IEO). Learn what Initial Exchange Offerings are at Crypto Trader news Two Plead Guilty in N.Y. Crypto Money Laundering Case The Manhattan DA Cyrus R. Vance, Jr., announced on…

FridayApr 26, 2019 10:11 am

A State-Backed VC Firm is Tokenizing an Investment Fund

Amidst a growing governmental debate for the usage of cryptocurrencies, an initiative by the Pennsylvania Department of Community and Economic Development is embracing the revolutionary technology. Announcing its plans through a press release, Ben Franklin Technology Partners of Southeastern Pennsylvania (Ben Franklin) shed light on its blockchain-based platform. How is This State Backed Firm Using Blockchain? The blockchain platform by Ben Franklin Technology is meant to streamline the management for an investment opportunity, the Global Opportunity Philadelphia Fund (GO Philly Fund). Ben Franklin Technology is the venture capital arm of the Pennsylvania Department of Community and Economic Development. For the…

ThursdayApr 25, 2019 9:31 am

Two Plead Guilty in N.Y. Crypto Money Laundering Case Insights Two Plead Guilty in N.Y. Crypto Money Laundering Case

Since the early days of Silk Road, opportunistic “entrepreneurs” have attempted to take advantage of the perceived anonymity of Bitcoin and other cryptocurrencies, selling everything from marijuana to contract killings. But as we’ve said here at CTN several times, that anonymity is only good to a certain extent. The Manhattan DA Cyrus R. Vance, Jr., announced on Tuesday that two men accused of laundering millions of dollars in cryptocurrency and Western Union payments have entered guilty pleas and are expected to be sentenced on July 12. According to the charges, the two defendants, Callaway Crain and Mark Sanchez, utilized the…

WednesdayApr 24, 2019 9:55 am

Rakuten May Help To Bring More Cryptocurrency Adoption With New Exchange

Rakuten is a Japanese e-commerce and Internet company based in the capital of Japan. The firm was founded in 1997 by Hiroshi Mikitani and is the largest e-commerce platform in the country of Japan. The e-commerce platform is also able to hold its own in the world as well, it is one of the largest e-commerce platforms in its revenues. The company has branched out to the other divisions and has become a significant banking and credit card entity. The company operates in a similar fashion to Amazon and has been dubbed as the Japanese Amazon. Rakuten has also invested…

TuesdayApr 23, 2019 12:19 pm

Presidential Hopeful Andrew Yang Calls for More Clarity on Cryptocurrency

The future-oriented and pragmatic presidential candidate, Andrew Yang seeks more clarity on cryptocurrency regulations. He argues that the lack of clarity on regulation for virtual currencies and digital assets is stopping further innovation from happening within the sector. As such, the presidential candidate is now bringing cryptocurrency to the spotlight. Cryptocurrency may not be the main talking point in the next election cycle but it is bound to be one of the items on the agenda. Blockchain and Cryptocurrency Larger Than Mere Speculation Those in the cryptocurrency industry and the larger blockchain industry as a whole think that this is…

MondayApr 22, 2019 12:36 pm

Cryptocurrency News Highlights: Week of April 21, 2019

Crypto Trader News is proud to present our top trending posts for the Week of April 21, 2019, highlighting articles that are moving at the speed of business. Crypto Trader News Announces Pro Cryptocurrency Trader Program Crypto Trader News, a leading blockchain and cryptocurrency news site, is proud to announce the launch of its exclusive Crypto Trader Pro program. This one-of-a-kind insider group has been designed for serious traders and investors. Read more about the Crypto Trader News PROgram and find out how you can be part of this exclusive membership. Blockchain Could Bring Transparency to the Voting System With…

ThursdayApr 18, 2019 9:37 am

Digital Advertising is Improving Thanks to Blockchain

Wrapping up our series into industries either already benefiting from blockchain or looking into the advantages that it could possibly mean for them, we’re taking a look at digital advertising. As it exists today, the digital advertising industry is expensive, prone to fraud, and centralized. While the industry on a global scale is currently worth more than $223 billion, a significant portion of those billions are wasted and blockchain could address this and several other industry issues head on. First and arguably foremost, the digital ad industry is filled with middlemen that elevate the cost of advertising. By connecting brands…