Chinese Social Media Network hopes ICO will Breath New Life into its Business

Chinese Social Media Network hopes ICO will Breath New Life into its Business

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Shares in Chinese social media network Renren jumped over 47 percent on Wednesday after the company announced it will be raising money through an ICO. Renren was once dubbed the Facebook of China, but has since been eclipsed by WeChat, Sina Weibo, QQ and other networks. Over the last tw ...
Facebook Boss Wants to “Give People the Power” with Cryptocurrency

Facebook Boss Wants to “Give People the Power” with Cryptocurrency

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Facebook chief Mark Zuckerberg has announced that he’s looking into cryptocurrencies as a way of decentralising power and improving Facebook’s functionality. In his annual statement, Zuckerberg outlined his plans for 2018. In addition to trying to clean up the platform from fake news a ...
China to Regulate Bitcoin Mining by Restricting Electricity

China to Regulate Bitcoin Mining by Restricting Electricity

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According to news sources in the region, Chinese authorities are looking to discourage cryptocurrency mining by gradually starving mining operations of electric power. During a closed-doors meeting of the Leading Group of Beijing Internet Financial Risks Remediation an official from the ...
Stellar’s XLM Coin Hits Top 10 by Market Cap

Stellar’s XLM Coin Hits Top 10 by Market Cap

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In the last 24 hours Stellar’s Lumen XLM coin has increased in value by 30% and at time of writing is the 7th largest cryptocurrency by market cap. This growth comes after another 30% increase on New Year’s Day which took it into the top 10 biggest cryptocurrencies for the first time. ...
Russia Getting Closer to New CryptoRuble Digital Currency

Russia Getting Closer to New CryptoRuble Digital Currency

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Russian President Vladimir Putin has given the go-ahead for Russian authorities to start working on a digital version of the national currency, to be dubbed the CryptoRuble. While currently at the investigation and planning stage, it is thought that such an endeavor might allow Russia to ...
Shifting Tides: Altcoins Flourish, Bitcoin Dominance At All-Time Low

Shifting Tides: Altcoins Flourish, Bitcoin Dominance At All-Time Low

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The altcoin movement is showing no signs of slowing down, with Bitcoin today slumping to an all-time low 36% of the total crypto market cap (i.e., dominance), according to statistics from CoinMarketCap. This comes after having represented 60% just one month ago (December 4), down from 86 ...

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