Potential Archives | Digital Money Times

PwC Officials Remain Resolute About The Potential of Blockchain

September 21, 2018 By Mark Lyford Leave a Comment

Over the past few days, officials at PricewaterhouseCoopers have extolled the popularity and utility of blockchain technology.

Big Four auditor PricewaterhouseCoopers (PwC) has played a heavy role in the world of blockchain.

Earlier in the month, Bitcoinist reported on a PwC company survey that cited issues like scaling, compatibility, and regulatory uncertainty as barriers which still serve as a roadblock to industry growth.

Many of these same sentiments were echoed by PwC Blockchain head Grainne McNamara in a Bloomberg interview on September 18^th. Read more...

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Litecoin (LTC) Bounces Off a Major Support Level, Indicating a Potential Turnaround

September 17, 2018 By Mark Lyford Leave a Comment

The price of Litecoin (LTC), the cryptocurrency often considered the silver to Bitcoin’s gold, recently bounced off a major technical support line after staging a full retrace from last year’s incredible bull run. Last week, Litecoin broke through $ 50, hitting a 12-month low of roughly $ 47.5, which was last seen in September of 2017. However, several major […]
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The Potential of the Cryptocurrency Market – Why Giving into FOMO Isn’t a Bad Idea

September 16, 2018 By Mark Lyford Leave a Comment

In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.

ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $ 6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $ 16.3 million in 2018 to $ 144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift. Read more...

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The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea

September 12, 2018 By Mark Lyford Leave a Comment

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea appeared first on CCN

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This Small-Cap Altcoin Is up 143% This Week Leading up to a Potential Binance Listing

August 29, 2018 By Mark Lyford Leave a Comment

The price of GoChain (GO), a blockchain platform that boasts 1,300 transactions per second, has surged 143% over the last week after it being announced as a contender for this month’s Binance Community Coin vote, which offers a free listing on the world’s most popular cryptocurrency exchange. We want to thank our community for all the support […]
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GlobalData: digital currencies unlikely to replace fiat currency despite security potential

August 8, 2018 By Mark Lyford Leave a Comment

Data and analytics company GlobalData said in a press release it sent to CoinReport that although most financial services experts agree that the blockchain technology that is behind crypto has certain value, chiefly from a security point of view, digital currencies are unlikely to replace fiat money…

The post GlobalData: digital currencies unlikely to replace fiat currency despite security potential appeared first on CoinReport.

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Cardano Price: Bullish Momentum Highlights Short-term Gains Potential

July 16, 2018 By Mark Lyford Leave a Comment

More bullish momentum is forming across all cryptocurrency markets as of right now. All top coins are in the green, with some coins noting some very big gains in quick succession. The Cardano price has successfully surpassed $ 0.15 again thanks to a very positive trend over the past few hours.

Cardano Price Shows Healthy Gains

As one would usually come to expect from the cryptocurrency industry, gains and losses can materialize at any given time. Although the losses have been well-documented throughout the past six and a half months, it is possible the momentum will finally turn bullish again. It is still a bit too early to say for sure. If the Cardano price is any indication, this may prove to be a very interesting week for cryptocurrency. Read more...

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Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

July 1, 2018 By Mark Lyford Leave a Comment

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate:

Fig1 Figure 1: BTC-USD, Daily Candles, New Market Low

On Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $ 6,000s. However, something to note about this bearish close is the lack of volume and lack of momentum on the follow through. Overall, the volume is continuing to consolidate and it appears to be within the realm of an accumulation trading range (TR). Read more...

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Blockchain Is a Bubble but Still Has Potential: Apple Co-Founder Steve Wozniak

June 30, 2018 By Mark Lyford Leave a Comment

Steve Wozniak has been in the technology industry for a long time, and he has seen it all. He was there during the dotcom era, and he believes that blockchain is similar to the dotcom bubble. Wozniak, who founded Apple with Steve Jobs four decades ago and has watched it become the biggest tech company in the world, believes that blockchain has the potential to transform the world. He is especially optimistic about Ethereum, whose ability to host decentralized applications gives it an edge over other blockchain projects, he said. Read more...

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Op Ed: Untapped Potential and Hidden Challenges of IoT and Supply Chains

June 7, 2018 By Mark Lyford Leave a Comment

Applications of blockchains extend far beyond cryptocurrencies. Electronic sensor networks powered by the Internet of Things (IoT) are an untapped platform for deploying the next generation of blockchain technology, which stands to improve operating efficiency in numerous sectors, including manufacturing supply chains.

The key challenge to adopting blockchain technology on a large scale is adequately quantifying the costs and risks of deployment and ensuring security. Blockchains were first adopted in fintech, where products have short qualification cycles and are not safety critical. IoT networks can help to address these hurdles and extend blockchain technology to other sectors that require higher reliability. Read more...

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Waves’ Potential Removal From UK’s Companies House Register Sparks Major Debate

May 30, 2018 By Mark Lyford Leave a Comment

There appears to be a lot of confusion regarding the Waves project. A new document is circulating on the internet indicating that the firm behind Waves needs to renew its registration. Failure to do so may result in the company being struck off the UK register and dissolved.

No Real Concern for Waves Holders

Although the document in question seems to indicate that something is amiss with the Waves project, that is not necessarily the case. All this document states is that the Waves parent company must renew its registration with the UK government within the next two months. Failure to do so will result in Waves Platform Ltd. being removed from the Companies House register and dissolved. Read more...

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India Seeks 18% Tax On Cryptocurrency Sales In Potential Legitimacy Push

May 24, 2018 By Mark Lyford Leave a Comment

India is considering applying a tax to cryptocurrency trading in a move which could mark a step towards its legitimacy in the country.

Crypto Could Become ‘Intangible Goods’

According to Bloomberg quoting anonymous sources May 23rd, the government’s Central Board of Indirect Taxes and Customs is working on proposals to treat crypto transactions as an exchange of “intangible goods” – making them eligible for goods and services tax (GST) of 18 percent.

According to the sources:

Purchase or sale of cryptocurrencies should be considered as supply of goods, and those facilitating transactions like supply, transfer, storage, accounting, among others, will be treated as services. Read more...

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These 3 ICOs Have Huge Potential in 2018

May 13, 2018 By Mark Lyford Leave a Comment

Looking to put your money to work for you with some promising investments into Initial Coin Offerings? Here are three ICOs launching in 2018 that could help you do just that.

Origin

The first Initial Coin Offering you will want to pay close attention to is Origin.

Origin is a protocol which utilizes the Ethereum blockchain and IPFS for the creation of sharing-economy marketplaces. In essence, it affords both developers and businesses the ability to construct decentralized marketplaces on the blockchain, while making it simple to both create and manage listings for the fractional usage of services and assets. Read more...

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Crypto Investors Could Inadvertently Commit ‘Potential Felony,’ Tax Expert Says

April 10, 2018 By Mark Lyford Leave a Comment

As tax day rapidly approaches, there’s no lack of uncertainty amongst tax professionals regarding cryptocurrency investors purchasing digital assets through foreign exchanges. Regardless of the government’s seemingly straightforward legislative position, ambiguity continues to riddle the field when in-depth analysis is made.

What Does the Law Say?

The IRS has clearly outlined that transacting with cryptocurrency is treated the same as transacting with property and, consequently, taxes on capital gains are to be paid at the standard rate. The taxman has already issued a warning against tax evasion but experts remain uncertain about the way foreign accounts and cryptocurrency exchanges correlate. Read more...

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South Korea’s FSC Flags Three Smaller Exchanges for Potential Money Laundering

March 17, 2018 By Mark Lyford Leave a Comment

Even though South Korea is one of the most important countries when it comes to cryptocurrency, it still has a lot of work to do. Regulators have recently begun cracking down on exchanges which engage in malicious behavior. As a result, three trading platforms have been investigated thoroughly by the FSC. It’s a very interesting development, and one that will have a positive long-term effect on the cryptocurrency industry as a whole. Read more...

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Adshares’ Token Crowdsale Is Nearly Over! The Revolution of Digital Advertising Shows Potential

January 3, 2018 By Mark Lyford Leave a Comment

The token sale on the blockchain platform that wants to revolutionize digital advertising, Adshares, approaches its end with more than 4,700,000 USD raised so far (~5600 ETH). Don’t miss out! Read more to learn how to become a part of the Adshares ecosystem, a decentralized, peer-to-peer market for programmatic advertising.

The Adshares Token Sale is LIVE until the 12th of January

The token sale has been going on since July 2017. Adshares has now reached its goal of a minimum 4000 ETH raised. The exchange rate for an Adshares token is 1 ADTS = 0,000535 ETH at the moment, and investors can purchase tokens only by using ETH. Read more...

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