Eastman Kodak announced to the public it plans to mint its own cryptocurrency, the KodakCoin. Shares in the company soared 120% after the announcement. Kodak is a US firm who is teaming up with Wenn Media Group based in London to present the initial coin offering or ICO. This blockchain-based…
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Finance
Ripple is Quickly Catching up to Bitcoin: The altcoin pushed past $3 and reached almost half of Bitcoins Market Cap
Ripple (XRP) is the second largest cryptocurrency by market capitalization. Recently Ripple crossed the $3 per coin mark. The altcoin was trading at an average of $3.12. Over the past twelve months, Ripple’ price has increased by almost 49,000 percent. Just last week, Ripple passed the $2 mark…
Ripple's co-founder sits among the five richest poepole in America
Due to a surging digital currency, Chris Larsen the co-founder and executive chairman of Ripple is now one of the five richest people in America Forbes, citing sources at Ripple, claims Larsen enjoys 5.19 billion of Ripple’s digital coin, XRP and a 17% share in the company. XRP…
Are the Winklevoss twins the first bitcoin billionaires? Debate ensues.
With the ups and downs of Bitcoin - and debate about its true value at even its highest highs, establishing the Winklevoss twins' net worth is a complex conundrum. From one second to the next, valuations of their digital assets can swing their combined overall net worth by millions of…
Futures Go-live as Bitcoin Prices near $17,000
The world’s largest future exchange, CBOE, launched a Bitcoin future product recently. So far, so good for Bitcoin: the current price is $16,938, states CoinMarketCap. This is up approximately 23% in the last 24 hours. Bitcoin is currently caped at $283 billion. In the first 2 hours, CBOE…
Bitcoin futures will be open for trade on traditional markets tomorrow
In what could be a landmark date for cryptocurrency, December 11, 2017 is the day that Bitcoin futures will soon go live via Cboe Global Markets. This creates a new financial vehicle for traditional market traders to invest in Bitcoin like any other commodity, based on futures contracts. What this…