Cointelligence Blog

Minister of Communications Nikolay Nikiforov broke the news and stated: “I confidently declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months.”

Cryptocurrencies, and especially ICOs, have been under increased scrutiny as of late. The ICO business model allows for users to raise millions within hours, without needing to go through official channels. While this is great for startups, it has encouraged an environment of distrust and fraud.

The company currently responsible for settling the majority of US securities is planning to move their flagship blockchain project out of its testing phase.

Most tech crazes have adopted a "live fast, die young" mentality. With the decline of ICOs, we ask what is to follow.

The price of bitcoin has reached a record-breaking high of $6,000 USD across multiple global exchanges, with a current 24-hour volume of $1.7 billion. From Japan and the US, to countries like Zimbabwe and Venezuela where BTC is used to escape hyperinflation, proponents all over the world are thrille...

The second hard fork of Bitcoin’s history, Bitcoin Gold, is scheduled to take place on October 25th, while another Bitcoin hard fork, SegWit2x, will occur in November.

In addition to China being the manufacturer of most of the cryptocurrency mining equipment, it is also the country where more than half of the total bitcoin miners are based. However, with China’s recent ban on ICOs, it is feared that the ban may be intensified to target the Chinese miners as well.

The number of corporate investors in blockchain companies reached a record high of 91 this year, with Google and Goldman Sachs among the most active investors. Till now, there have been 42 equity investment deals by corporations this year, totaling $327 million.

The Japanese manager of the Ripple exchange and trading platform, 31-year-old Yuki Takenaka, has been arrested for allegedly swindling investors. This arrest occurred during a large-scale investigation of fraudulent cryptocurrency schemes.

As of August, BoA has filed more than 20 cryptocurrency and blockchain-related patent applications, nine of which were submitted in 2016, four were filed in 2015, and 10 were filed in 2014.