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Digital Currencies vs. Cryptocurrencies, Explained

What are digital currencies?Digital currencies are money used on the Internet.Digital money exists only in the digital form. It doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, such as

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That Business Is Absolutely on Fire, Nick Cowan Gives Thoughts on Crypto

Cointelegraph continues publishing interviews with prominent guests of BlockShow Asia 2017, that took place in Singapore in November 2017.This time we talked with Nick Cowan, managing director and founder of GSX, Gibraltar’s first regulated stock exchange. With his 30-years’ experience in the investment business and knowledge about the culture of business across the Eurasian continents, he is

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App Stores of Future Will Be Based on Blockchain, Promote Transparency

In 2017, app stores saw record revenues and downloads. Across both iOS and Android platforms, downloads grew by 15 percent year-over-year to reach nearly 50 billion worldwide, taking total revenue to $15 billion.Google Play and the Apple App Store are the most widely used mobile marketplaces across the globe. It’s because of this duopoly that they are able to impose a 30% cut on all purchases, a

How BitherCash Coin Is Revolutionizing P2P Cryptocurrency Transfers

Cryptocurrencies are slowly changing the world. Already, they have had a great impact on the financial sector. Due to the relative success of many established cryptocurrencies, like Bitcoin, Ethereum, Ripple, and Tether, more people are aware of cryptocurrencies and the benefits they offer. The community needs to capitalize on this enthusiasm to make cryptocurrencies more mainstream.  This ca

In a World with A.I.-Powered Assistants, How Can You Trust a Bot?

Artificial intelligence is already permeating the workforce, changing the way businesses function. Today you’ll find A.I. software, like chatbots, completing administrative tasks—such as scheduling, booking, transcribing. They also conduct communication tasks, such as compiling and sharing information, answering questions, and more on behalf of humans. While the earliest examples followed very

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New In-Game Cryptocurrency Systems Let You Buy Assets in the Virtual Reality World

High Fidelity is announcing the launch of Avatar Island, a VR domain where High Fidelity users can purchase items for their avatars, all contributed by digital artists from around the world.High Fidelity is a next-generation platform for Virtual Reality (VR) worlds developed by Philip Rosedale, the creator of the once very popular Second Life. In September 2017, the company announced that it was d

Introducing DenCity: World’s First Blockchain Enabled City

On October 31, 2008, a mysterious person named Satoshi Nakamoto published his famous whitepaper introducing world to a Peer to Peer mode of payments he called bitcoin. This P2P currency was based on a technology named Blockchain, a distributed ledger in which transactions are recorded publicly and chronologically. Then, in 2013, a 19 year old from Canada, Vitalik Buterin, came up with the concept

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NH Bank Joins R3 Blockchain Consortium

Korean banking giant Nonghyup (NH) Bank, which specializes in agricultural and commercial credit and banking services in South Korea, has joined the R3Blockchain consortium, according to reports from local media.The consortium researches and develops Blockchain solutions for financial services. The announcement indicates that with the help of R3, the bank intends to implement new technology and in

SEC action brings ICO scam to screeching halt

Dec. 11, 2017The U.S. Securities and Exchange Commission has obtained an emergency asset freeze to stop an alleged ICO fraud that has raised as much as $15 million from thousands of investors since August.SEC charges filed in federal court in Brooklyn, New York, allege that Quebec-based Dominic Lacroix and his company, PlexCorps, falsely promised a 1,354 percent profit within 29 days to

Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts

According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market have outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager.The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project as a hard fork of the Bitcoin Blockchain. Earlier this month, the cre

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