What is a stablecoin?
What is a stablecoin? SolutionsHub CEO Lee Hills explains what they are and how they work A stablecoin is simply a cryptocurrency designed to have limited value volatility. To achieve this they are ‘backed’ by an asset, or a basket of assets. For a long time, stablecoins have been considered as a coin-backed by a […]
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Key to fully secure crypto tokens
The key to fully secure crypto tokens is hundreds of years in the making There are plenty of people – some ignorant, some with vested interests – looking for any excuse to highlight the apparent shortcomings of blockchain technology. Sometimes – too often, actually – the industry leaves them a gaping open goal. Little does […]
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Bitcoin mining: how it works and is it still profitable?
You might have heard about the tech-savvy enterprising souls making a small fortune from mining Bitcoin. There they are, sitting back, counting the profits while the computer does all the work. Certainly, it sounds like a nice way to earn a bit of extra cash but, in 2019, is it a realistic way of making […]
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Why blockchain businesses are flocking to the Isle of Man
By definition, cryptocurrency knows no geographical bounds. It is not confined or attached to a specific nation, area or region. And yet, some territories are already more synonymous with crypto than others. In some examples, it’s nations hit by economic crisis, such as Argentina and Cyprus, where the people have put their faith in Bitcoin […]
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BTI Market Surveillance Report
The BTI Market Surveillance Report – September 2019 is now available. The latest report includes: The launch of a wash trade tracking page for individual coins and exchanges in real time and historically. Updates on wash trading still ongoing on CMC. True volumes of all coins and updates on stable coins. See the full report: https://www.bti.live/bti-september-2019-wash-trade-report/ Contact […]
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Unikrn COO’s praise for SolutionsHub team
The team at SolutionsHub have been praised for our “unparalleled” understanding of blockchain and cryptocurrency. SolutionsHub worked with pioneering esports betting company Unikrn to obtain an Isle of Man gambling licence following its successful initial coin offering and launch of the company’s own cryptocurrency – Unikoin Gold. Unikrn COO Andrew Vouris said: “From the moment […]
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Will we see $50,000 Bitcoin? Not half….
Just last week I was asked by a journalist if I thought it was realistic to expect the value of Bitcoin to climb to $50,000 by 2021. Bitcoin reaching a landmark figure is always headline-grabber, particularly among the mainstream media, where there is often a lack of space or willingness to delve into the nuances […]
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GSC clarity on virtual currencies is welcome as IOM blockchain boom continues
The Isle of Man government’s open-minded and modern approach to blockchain technologies is already paying dividends, with several cryptocurrency-focused businesses choosing the island as a base and, therefore, boosting the local economy. In 2017, the Gambling Super Commission released Practice Note GSC85 which gave licensees both current, and prospective, guidance on several key points associated […]
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Libra: Should banks be worried?
Facebook Libra — the social media giant’s own cryptocurrency — has been the talk of the industry since it was announced in June. Some have welcomed the fact that one of the most famous companies in the world is adopting blockchain tech, while others have warned that a dangerous game is being played and it’s bad news, not least […]
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FCA update, Facebook Libra and a hint for the future of crypto
The introduction of Facebook Libra has increased the pressure on regulators to take a closer look at cryptocurrencies, according to SolutionsHub COO Nick Wright. The Financial Conduct Authority has moved to “provide clarity” on crypto with the publication of its latest guidelines on cryptoassets. Mr Wright is a director at SolutionsHub, a company specialising in blockchain […]
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Isle of Man Digital Asset Exchange
The Isle of Man offers a uniquely cost-efficient and supportive environment for Digital Asset Exchanges. The regulatory environment ensures the industry is crime-free while providing a conducive framework in supporting growth. Digital asset exchanges face challenges with fiat banking, unsupportive regulations, single-license concentration risk, and compliance and operational costs. The Isle of Man solves these […]
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Cryptocurrency expert calls for better protection
An Isle of Man-based cryptocurrency security expert is calling for action after another hacking scandal saw 32m dollars stolen from an exchange. Japan-based Bitpoint, which allows users to buy currencies including Bitcoin, was reportedly forced to halt trading after irregular activity was spotted earlier this month. It is not the first time crypto exchange users […]
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