Auroracoin Jumps Amid Panama Papers Controversy
Auroracoin suddenly spiked last week, perhaps upon the leak of the Panama Papers. The papers promptly angered Icelanders, who now feel that the nation is suffering yet another 2008. Although Auroracoin has not been an overwhelming success, its market cap has increased three-fold since the Panama Papers leaked. The peer-to-peer cryptocurrency, launched in February 2014, was marketed as an alternative to Bitcoin and the Icelandic krona. The pseudonymous creators said they planned to distribute half of the auroracoins to all 330,000 people in Iceland’s national ID database for free.....
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Resurgent regional cryptocurrency Auroracoin debuted Iceland’s first-ever cryptocurrency exchange, ISX, allowing the people of Iceland to trade Auroracoin and krona. This week, the Auroracoin Foundation debuted ISX.is, Iceland’s first cryptocurrency exchange. ISX allows the citizens of Iceland to trade króna for cryptocurrency, in this case Auroracoin. Amid a renewed set of financial scandals in Iceland exposed by the Panama Papers, Auroracoin has made a comeback. For the last year, the Auroracoin Foundation has made significant adoption pushes including a brand awareness advertising....
A global scandal has erupted with the release of the Panama Papers implicating world leaders, billionaires, dictators, drug kingpins, famous athletes, and even movie stars. Meanwhile, Bitcoin could be a solution to the wide-scale corruption by providing privacy for the masses and transparency for the mega-rich. The biggest leak in journalistic history,....
Auroracoin, Sterlingcoin, Scotcoin: National Cryptocurrencies Provide Alternative to Central Banking
Auroracoin, an Icelandic cryptocurrency, has nearly doubled in price over the fresh round of scandals revealed in the Panama Papers. CoinTelegraph spoke with developers behind three regionally-centric cryptocurrencies (Auroracoin, Sterlingcoin, and Scotcoin) about their vision for modern currency designed for their respective peoples. Dissatisfaction with financial system. Cryptocurrencies created for a specific people can save them from the central banking system. Recent scandals unearthed by the Panama Papers leak demonstrate corruption and hypocrisy from public officials, as well as a....
Secrecy scandal after secrecy scandal have rocked the financial world since the 2008 financial crisis. In early 2014, the LIBOR scandal uncovered the manipulation of Forex markets. Last week, the Panama Papers detailed the behavior of Panamanian law firm Mossack Fonseca, which has sold shell companies for the past 40 years so individuals could hide their wealth. Political players, drug dealers, celebrities and athletes have been swept up in the revelations of the Panama Papers. It’s exactly this sort of behavior many blockchainers believe could be averted by the public ledger technology....
Erik Voorhees, CEO of ShapeShift.io, and Charlie Shrem, Founder of the Bitcoin Foundation, have been named in the Panama Papers Leak. From embezzlement to evading sanctions. The Panama Papers, as they have been dubbed, are 11.5 million leaked documents that contain financial information of more than 214, 488 entities associated with the Panamanian law firm, Mossack Fonseca. The leaked documents illustrate how wealthy individuals, including public officials, have been able to hide their financial information for often, but by no means always, rather nefarious reasons. While the use of tax....