Cointelligence Blog

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BitMEX sells off all BCH funds, compensates holders in BTC instead

BitMEX has recently sold all of its users’ bitcoin cash holdings for bitcoin. Bitcoin Cash was created back in August as result of a Bitcoin hard fork. BitMex compensated users at a ratio of 1 BCH to 0.1707 BTC.
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Kodak releases KodakCoin for KodakOne platform

Kodak has just announced launching its very own cryptocurrency, KodakCoin, which is intended to power Kodak's new platform, the KodakOne platform. Photographers will be able to register their images and license them for appropriate use. In response to the news, Kodak’s stock doubled and closed at $6.80...
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Crypto debit card companies scramble for solutions following VISA ban

European bitcoin users were hit hard last week, when Wavecrest announced termination of all services associated with bitcoin debit card providers Xapo, Bitwala, Bitpay, and TenX. This came a consequence to Visa's decision to terminate all business relationships with Wavecrest, the debit card issuer.
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Tether announces the release of the EURT

Tether has already released the USDT, a digital currency backed by the US dollar, and has recently revealed the EURT, a digital currency backed by the euro. Both the USDT and EURT will be used with the ERC20 standard compatibility.
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Ethereum grows by 15% and hits trading prices of $1,800

Ethereum's price has just exceeded the $1,000 mark. Even more, its price reached $1,800 on some South Korean exchanges, namely due to the new policies issued by the South Korean government which support the growing cryptoeconomy. The latest policies could also perhaps have contributed to the high price...
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Venezuela launches oil-backed token

Venezuela is another country choosing to issue a cryptocurrency, as the Venezuelan President has just announced that the country will issue a digital token, called 'petro', that will be backed by the country's oil reserves. Venezuela plans on launching the new tokens in January 2018. Belarus and Estonia...
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Ripple's weak infrastructure poses a problem

Ripple's market capital increased by around 4,000% in 2017, and its number of transactions have increased at an exponential rate. However, Ripple’s infrastructure is not strong enough to handle the increase in traffic which it is witnessing during the last couple of months. On December 29th, a number...
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Bitcoin card providers cancel their services without notice

All bitcoin debit card providers, including Bitwala, Bitpay, Wirex, and Tenpay, have halted all operations of their issued debit cards. It is important to understand that Wirex, TenX, and Bitwala are just providers of the debit card services. However, the cards are issued by WaveCrest, with the permission...
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Estcoin to promote digital citizenship

In a more recent development, Estonia has also announced that it will be starting a e-residency program. This program will be backed by a blockchain-based digital token, called estcoin. Since the introduction of the concept, many miners have showed their support for an initial coin offering for estc...
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SegWit2x 2.0, scam or reality?

The new SegWit2x hard fork, SegWIt2x 2.0, team has no relation to the people of the New York Agreement (NYA), who initially decided on performing SegWit2x. The team’s GitHub page is less than a month old and the proclaimed leader of the team has a half empty LinkedIn profile. The team performed the hard...
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