Cointelligence Blog

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Chinese government plans to end mining operations

The Chinese government has advised cryptocurrency miners in the country that they should plan on ceasing mining operations by January 10th. This comes after China's blanket ban on cryptocurrencies in September, 2017.
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Bitcoin is real money, says Goldman Sachs

Goldman Sachs recently acknowledged the value of bitcoin, following a long dispute over its utility in everyday life. Despite the encouraging acknowledgment, the report cautions investors against expecting the same growth that was experienced particularly by bitcoin in 2017.
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Will Ripple be able to replace SWIFT?

Ripple's digital token, XRP is only one of its many products. Most of the company's focus is on developing solutions for banks and financial institutions in order to be able to replace the SWIFT system with RippleNet.
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Binance claims 240,000 new users in one hour after relaunching service

Binance moved to Tokyo after China banned crypto trading, and is becoming the busiest exchange in the world just five months after launching its services. Following a period of downtime due to software update procedures, 240,000 new account were created on Binance's platform, according to the exchange's...
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South African business school begins accepting bitcoin for tuition

Red & Yellow becomes first higher education institute in Africa to accept cryptocurrency. The South African business school decided to accept bitcoin payments for its tuition fees.
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South Korea appeals to 25 countries to control crypto craze

The South Korean government has urged financial regulators all over the world including those from the United States, China, South Africa, and Russia, as well as several organizations and central banks, to join their endeavor in curbing cryptocurrency trading.
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Australia tax office convenes task force to write crypto policy

Australia, like other countries, is struggling to tax cryptocurrency and keep track of transactions on popular coin exchanges. Australian tax experts are unlikely to treat cryptocurrencies as currencies. Instead, cryptocurrencies are treated as financial assets, akin to stocks and bonds. Prior to July...
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Telegram plans to launch the world’s biggest ICO presale

The popular chat app, Telegram, is orchestrating the world’s single largest ICO presale, which is likely to raise millions of dollars. The messaging service will issue their very own tokens, called the 'gram'. Users will be able to spend their tokens on various services offered by the Telegram app.
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Renren cancels ICO following talk with Chinese regulators

Renren, the Chinese social network, has canceled their plans to launch an ICO after meeting with Chinese regulators. According to the company’s whitepaper, Renren intended to launch an ICO, dubbed RRcoin. Renren has chosen not to comment on whether or not their decision was influenced by Chinese regulators....
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Long Blockchain Corporation to move from iced tea to crypto industry

Long Island Iced Tea Corp has been just re-branded to 'Long Blockchain Corporation' (LBC), following the company board's decision to pursue prospects in the blockchain industry. The company plans on installing the mining gear in the Nordic country to mine bitcoin.
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