Latest News on Cryptocurrency, Bitcoin, Blockchain, Events, Startups and decentralized market
Huobi is a cryptocurrency exchange which is planning to launch a new market index for its customers. The former OKEx CEO Chris Lee has joined cryptocurrency exchange Huobi as a Vice president of global development. On Monday, Huobi announced that Lee can help to prompt the Singapore-based firm’s international strategy and to expand into more markets. …
The Reserve Bank of Zimbabwe (RBZ) issued guidelines for a circular which enshrines the details of cryptocurrency activities. The RBZ asserts that domestic digital currency operations have sixty days to move forward with its idea of currency. The cryptocurrency exchange Golix in a plan to drag RBZ for court as RBZ have banned cryptocurrency in Zimbabwe. Golix …
Walmart filed patent for a blockchain-based marketplace. Bestowing to US Patent and Trademark Office USPTO patent filing, it is trading with purchased products. The firm is in a plan to extend its digital services for retail shoppers. Walmart Food Company Walmart is an American multinational retail corporation. It operates a chain of supermarkets, discounts department …
The Bank in Argentina is the first bank in the world to allow customers to use bitcoin for cross border payments. It has also revealed its partnership with Bitex, a blockchain-based financial services based in Latin America. According to the Facebook post, the Bitex, the Latin America exchange startup initiated in 2014 joined with …
CFTC, the US top ranking derivative regulator has released a guidance on exchanges and clearinghouses to list their virtual currencies. According to the advisory statement published on May 21, 2018, aiming at providing clarity for exchange and clearing houses. According to the CFTC press release issued on Monday, May 21st, 2018, US Commodity Futures Trading …
Japan’s largest bank MUFG is the world’s first major financial institution to deploy its cryptocurrency. Bank of Tokyo- Mitsubishi UFJ is planning to began its cryptocurrency in the year 2019 for the development of nation. The news was published by the Japenese publication and confirms towards a exhaustive process which involves a total of 100,000 …
LMAX Exchange Group manages a leading FCA regulated trading venue and became one of the leading liquidity providers to FX brokers worldwide. They announced to launch the first physical cryptocurrency exchange. It is serving institutional clients from a long time. LMAX’s strategy LMAX is approaching a different strategy to focus on the liquid established cryptocurrencies. …
The Ontario Securities have circulated a warning against five unlicensed crypto companies. The firm involved in schemes are boosting investors to trade or invest in cryptocurrencies. The regulator begun gathering information about the platform which receive complaints on it. Ontario Securities Commission Ontario Securities claims as follows “Bctcreal, Bitserial, Hypercube Ventures LP, Cabincoin OU and …
Texas State Securities Board, (TSSB) has joined more than 40 US state and Canadian regulators to investigate fraudulent crypto investment products. The enforcement action: Operation Cryptosweep On May 1st, the NASAA (North American Securities Administrators Association) have launched the ‘Operation Cryptosweep’, the enforcement action. However, it includes entire US states and securities agencies in Canada …
After the Coingreek Conference in Hong Kong, the BCH miners group came together to discuss about the new proposal on 19 May. Thus, discuss was on funding development of BCH and professional programmers who work on the mainstream. Discussion was between Mining Pools, BCH Industry Executives and Developers After the Coingreek Conference at Calvin Ayre’s …
The world’s largest cryptocurrency and Bitcoin exchange Bitfinex asked its users to submit tax IDs and social security numbers. The identities are used by government agencies of the country and ensure safety to its customers. Basically, Bitfinex is a popular cryptocurrency exchange which is registered in the British Virgin Islands. This place is called as …
The founder of Alibaba, Jack Ma asserts that he is bullish about the blockchain technology says Bitcoin is a bubble. Ma is a Government Chairman and founder of Chinese giant tech Alibaba. The firm is operating blockchain for a quite a few years and Alibaba began investing in the blockchain at the peak moment of …
In a recent debate on live status about digital currencies, Justice Minister of Russia support cryptocurrency that is still not regulated in the country. He says, Cryptocurrency is a property. Alexander Konovalov, Russian Minister of Justice said that Cryptocurrencies are under legal category of other property. Since, there is still a pending in State Duma’s …
Genesis Mining Bitcoin Advocacy Campaign has posted Billboards outside of Warren Buffett’s office. A cryptocurrency mining firm claims to troll billionaire investor Warren Buffett with these billboards near its office in Omaha. Bankers Against Bitcoin The company arranged an organization “Bankers Against Bitcoin”. It demonstrates in Consensus Blockchain Conference held at 2018 in New York. The …
The Norges Bank, Norway’s Central Bank and financial institution is stepping towards developing its own cryptocurrency in future. On 18th may, the work paper reported that its cryptocurrency ensures a confident and secured monetary system. According to the Norges Bank’s work paper, the central bank of Norway might develop its own cryptocurrency called by CBDC …
The Japanese Crypto trading platform CoinCheck found new owners that hacked this year. It is planning to provide services on the US Market. The exchange is accepting to comeback after losing an unprecedented $500 million of cryptocoins to the hackers. Bestowing to Monex’s Chief executive, he asserts that Online brokerage got troubled in the firm. …
The Federal Election Commission (FEC) and western US state of Colorado has planned rules to allow political candidates to accept crypto donations. So as to raise cryptocurrencies funds for contributing in Bitcoin campaigns. The state of Colorado is well known for examining new laws and strategies like allowing effective cannabis all over the state. Recently, …
The Floating Island Project plans to devise off-shore housing which utilizes its own currency. It is operated outside the government regulations. The Project is a main program that partners with Government of French Polynesia. A long-term vision for the project has hundreds of new countries which float on the ocean. Mezza-Garcia Mezza is a investigator …
On Wednesday, Fred Wilson, legendary venture capitalist has expressed an open response to Warren Buffet’s claim. Buffet stated that Bitcoin is similar to rat poison squared. As price of digital currencies are amassing to the token, it is operating on the system to flow cash from the various networks. Wilson asserted his talk at a …
The Federal Council of Switzerland government has requested legislators commission a study on the benefits and risks of its new state-backed cryptocurrency: ‘e-franc’. According to reports by Reuters, the Federal Council of Government in Switzerland has moved a step ahead requesting the study on risks and benefits involved in e-franc, state backed cryptocurrency. The council …
The South Korean regulators and officials plans to endorse its approach towards cryptocurrencies policies. Basically, it is coming up with new rules to regulate cryptocurrency in every aspect of business. These guiding regulations of cryptocurrencies are termed as “financial assets”. Korea’s top financial regulators A contingent agreement is a burden for Korea’s top financial regulators …
IBM will issue Verde tokens on the Stellar blockchain. The company is creating a marketplace to facilitate buying and selling of tokenized carbon credits on the public permission Stellar blockchain. International Business Machines Corporation is issuing a token on its public blockchain Stellar, and that will be the Verde tokens. The tokens, which were developed …
Jack Dorsey is optimistic that cryptocurrency could become a legal medium of exchange for the Internet, both coming out of digital optimism. He said the difficulty of using Bitcoin will wane down as more people start using it. Jack Dorsey, the CEO of Twitter and Square Inc., says cryptocurrencies will have more role in …
Fed is intending the potentiality for regulators that can necessarily corrode one of the most popular requirements of cryptocurrency. Amidst, panel discussion government officials of United States have expressed their concern for the regulations which affects the progress of Bitcoin and other cryptocurrencies. Few rules and regulations with respect to Bitcoin are perceived and exploited. …
Worldcore, European digital payment has revealed that the development is been completed for the trading cryptocurrency. The platform is ready to release live and perform all basic functionalities like registration, orders, execution, deposit and withdrawal of various cryptocurrencies. Worldcore’s journey Currently, Worldcore is anticipating for accurate terms and conditions for the exchange from its legal …
Amazon’s real-time crypto transaction data patent is approved and has a unique marketplace for people and organizations to provide streaming data feeds. The Crypto patent is recommended for a marketplace where individuals and organization can provide streaming data feeds for sale. “In the filing incident, Amazon says that some possible usages for streaming data marketplace …
Cryptocurrency calculations’ training is given to Dutch High School Students. The High School students are canning Satoshis and Bitcents to a benchmark. The digital currencies have many adherents but have changed for Dutch high school students. Bitcoin’s Description In the year 2018, the VWO examination, an admission test which high school students requires to take …
A research by Gartner indicated that 293 CIOs of different companies are in the short-term planning of implementing the technology. Many of these are experiencing difficult challenges including the need to overhaul current systems, lack of blockchain skills, regulation, and the fact that new skills are needed. Gartner, which is a research and advisory firm …
Canaan Creative and Zhejiang Ebang Communication are seeking $1 billion each for an undertaking that will see them launch the largest IPOs in the world. The valuation of Canaan IPO is not yet set due to lack of companies to compare with and the fluctuating crypto prices. Canaan Creative and Zhejiang Ebang Communication are set …
Coinbase announced a new line of products this Tuesday to accelerate efforts to attract institutional investors. It said that it hopes the new line of product will unlock $10 billion of institutional investor money sitting on the sideline. Coinbase, a U.S. based cryptocurrency exchange, is hoping that more institutional investors will port on, after …
The digital currency exchange Kraken has refused to adhere for the investigation from New York’s top lawyer. It implies to be warnings from the regulators. Kraken is a San Francisco based crypto exchange founded in the year 2011. The Chief Executive Office Jesse Powell says that Kraken is registered with U.S Securities and Exchange Commission …
Now you can deal with your bitcoin transactions offline. Yes! You got it right. Samourai Bitcoin wallet and goTenna, decentralized communications startup is launching an app which is active without internet connection. The goTenna, NewYork based startup was found in 2012 by Jorge Perdomo and Daniela. The startup is pairing up with Samourai Wallet to …
In the Month of March, the Republican Governor Matt Mead authorizes a statute which makes limited obligation corporation law affable to Blockchain firms. Wyoming is 1,000 miles from Silicon Valley and is distance from Wealthy East Coast investors. The Bronco state is hindering its caravan to the adventure of digital currencies. It bids to revive …
The Government of Thailand has notarized a new digital currency law. It is necessary for investors to pay 15% capital gains tax on their income. As per daily news journal which says Bangkok Post “shared profits or any merits borrowed from the holding of digital token or gaining the transfer of cryptocurrency or digital tokens” …
BitOasis, a Dubai-based exchange has banned UAE Dirham/BTC trading. The exchange will no longer process deposits or withdraw in Dirhams from May 15. A notice was sent to BitOasis users which claims that from Tuesday, dirham couldn’t be withdrawn from the exchange. It leaves users to move with balance or top it up with more …
The new exchange will operate on a model similar to Robinhood where customers can pay monthly fee or subscription fees to access trading tools. There will no commission fees on transactions. Using NASDAQ will help assure customers of safety, trust and security they are looking for. A new cryptocurrency exchange called DX Exchange will …
Moldova is young in cryptocurrency and has a few locally made crypto projects including Zozo coin and Drachmae’s own DTMI token. The new crypto exchanges will offer trading pairs with eight fiat currencies. Moldova, a former Soviet republic, now has a new cryptocurrency exchange and token made locally after the local crypto community made …
The former president of UBS China Ltd., Karen Chen has joined the cryptocurrency firm named Higgs Blockchain Technology PTE, LTD as Chief Executive Officer. According to the statement, Karen Chen, whose Chinese name is Chen Qing, in December moved to Higgs Block Technology. The Blockchain company founded in August and located at Singapore. However, among …
On Sunday, BitGo a Palo Alto based startup firm has announced a new collection of vigilant services. It is aiming at institutional investors to keep an eye on the fluctuating prices of market. The Big Wall Street firms come with new options for depositing bitcoin. BitGo’s services The product released is structured on BitGo’s step …
The world’s famous cryptocurrency is lowering its price more than 50 percent from its high record. This hasn’t discouraged people from investing in cryptocurrencies. Many lawyers and financial experts are moving down in a conference was at New York as Blockchain Week. Conference on Blockchain Blockchain Week project is titled after decentralized computer ledger technology …
The 51 percent attack is featured in the finale episode of the Silicon Valley Hollywood movie. While it features a real threat where miners can attack the network by hijacking a more than 50 percent of the network, it is exaggerated. The “Fifty-One Percent” is the name of the Silicon Valley movie season finale …
On Monday, May 14, 2018, the HSBC Holdings Plc has performed world’s first trade finance transaction using Blockchain Technology. It said that the indication of technology is feasible for trading finance. Along with ING Bank NV, HSBC have successfully completed the transaction for food and agricultural group Cargill. However, it was based on Blockchain technology …
South Korea, Thailand, Vietnam and the Philippines will see launching of more cryptocurrency exchanges which is an indication that cryptocurrency markets continue to expand. The four exchanges are offering discounts on transaction fees in the first month of trading. Four new cryptocurrencies have launched in South Korea, Thailand, Vietnam and the Philippines even as …
Pakistanis are using alternatives to trade cryptocurrencies even after the State Bank of Pakistan banned banks and financial institutions from dealing in cryptocurrencies. The trade volumes are also returning to normal. Pakistanis are finding new ways of trading cryptocurrencies even after the State Bank banned commercial banks and financial firms from dealing in cryptocurrencies. …
The former Commonwealth Bank CFO Rob Jesudason is joining Block One as chief operating officer and will assume role after his notice period. Commonwealth Bank CFO Rob Jesudason is now group president and chief operating officer of Block.one that sells EOS token and published the blockchain software called EOSIO. Block.one released the announcement an …
Reserve Bank of Zimbabwe (RBZ) said it has not licensed any person or company to deal, trade, buy, sell or invest in cryptocurrencies. Hence those trading would do so at their own risks. Financial institutions are required to stop crypto trading and transactions following an order by the Reserve Bank of Zimbabwe (RBZ). RBZ registrar of …
IBM is partnering with Global Citizens to have coders help rethink the way donor funds are tracked and accounted for. Participants in the contest will win VIP tickets to Global Citizen festival and meet with IBM and industry leaders on how the solution can be actualized. The contest duped Challenge Accepted, takes place between …
SEC Commissioner Hester M. Pierce says regulators are open to the innovation in a sandbox that needs to not necessarily be government-sponsored. She notes there is a need for open communication and developing understanding in order to come up with regulation that tackles issues that are beyond compliance. Open Approach to Regulate ICO and Cryptocurrency …
Radoslav Albrecht of German established an online bank, Bitbond. It provides clients to transfer loans to any part of world utilizing Bitcoin. Bitbond utilizes digital currency like Bitcoin to circumvent the international transfer system. It lends finance all over the world and the service is fast at an affordable price. Bitbond Bank’s services Albrecht’s services are …
The unknown benefactor began a website and started receiving an application from various non-profit organizations. The aim was to contribute 5057 BTC. At present, the philanthropist announced to gather a total of 5104 BTC from 60 different charities. Pineapple foundation Last December, a Redditor choose to give the majority of their Bitcoin to several charities …
The Chinese Government disclosed to promulgate a monthly “independent analysis” of cryptocurrencies and Blockchain projects at a Beijing Conference held on May 11. The conference is organized to deliberate the global blockchain technology innovation activity. It mainly focuses to expand Blockchain technology. Challenges faced by blockchain technology Prof Chen Zhong says the present blockchain technology …
The donation gala not only attracted cryptocurrency donations but also leaders of Coinbase, Ripple and Pantera Capital. News.Bitcoin.com is also accepting Bitcoin Cash donations to help children and citizens in Venezuela. Tipping Point has raised over $14 million in donations including cryptocurrency donations, to help break the poverty cycle in the San Francisco Bay Area. …
Robinhood’s strategy is likely to make them more popular. The company does not charge commissions on Bitcoin trades although it currently supports only Bitcoin and Ethereum. It plans to add more coins soon. Robinhood is now valued at $5.6 billion after a successful funding round D that saw it raise $363 million. At that valuation, …
Bitcoin.com is sponsoring Mei Yamaguchi who meets Atomweight World Champion Angela Lee in a fight on May 18. Yamaguchi, who has participated in 27 professional fights also met Lee in a fight last year. Unstoppable Dreams is the name of the next One female MMA Championship match pitting Atomweight World Champion Angela Lee against …
CryptoFacilities says digital assets are coming of age, with Bitcoin going through the process in the last one year, and Ethereum will follow this year. Chicago-based Akuna Capital will provide liquidity for the Ethereum futures UK-based CryptoFacilities, the company behind bitcoin futures launched in 2015 and XRP futures in 2016, is launching Ethereum futures. …
World’s largest cryptocurrency exchange Upbit, is raided by South Korean prosecutors. Bestowing to a prosecutor from the Seoul Southern District Prosecutors’ office, on Thursday and Friday the government has searched the exchange’s office. According to Korea Economic Daily, Upbit is under investigation by prosecutors. Upbit exchange, the largest exchange and fourth-positioned crypto exchange of Korea and world is …
Telegram, the popular messaging platform is reportedly testing user verification service on its future blockchain based TON. The service is named as Telegram Passport which is used to store users’ IDs, bank statements and utility bills on TON. According to Russian media reports, a close test of a new services has been conducted by developers …
The customers of Huawei Technologies Co’s cellphones are at a point to feature Bitcoin wallets on their products. The plan shall be executed on Friday for the first time. BTC.com wallet is the first cryptocurrency app. Shenzhen-based Huawei is offering BTC.com Huawei’s plan As Huawei is the biggest cellular phone seller, it is going to …
Hedge funds had a good month in April, probably riding on increasing altcoin value. The two Bitcoin futures contracts also had a good month in April. Meanwhile, Winklevoss twins got an exchanged-traded-products using cryptocurrencies including bitcoin, Ripple and Ether, among others. April was a record month for hedge funds. Eurekahedge, a research and data providing …
Buterin responded by saying that the meeting was organized without his permission or knowledge and that he did not attend. The meeting was not secret and not any rules were decided. Vitalik also claimed that he would use zCash if he was “doing anything seriously privacy-demanding.” An accusation by the Catallaxy co-founder and Satoshi Portal …
GMO Internet is a multi-billion listed Japanese Internet and Technology Composite. Previously, it reveals its plan to launch its new cloud mining service in August. Currently, the mining activity of Japan’s internet giant GMO is issuing nearly 900 bitcoins and 537 bitcoin cash. Hash rate doubled Japanese composite GMO Internet launched its cryptocurrency mining business …
Bitflyer wants to add about 300 employees by end of this year. The company is eyeing bankers and experts from Wall Street to fill various positions even as it seeks to expand to other countries this year. Bitflyer is eying traders and bankers from Wall Street as employees as it seeks to add 300 employees …
Bitcoin lightning network is surely revolutionary. However, the innovation is not yet user-ready since there are many pending solutions and features still under development. Lighting network is a method where transactions are made on off-chain channels and therefore users on the receiving end can receive the payments or cryptocurrencies without having to wait for mining …
Facebook has initiated a blockchain team to be headed by head of Facebook Messenger. The team also comprises of several Instagram executives. Facebook is reportedly working on an internal blockchain team to be headed by the former head of the company’s popular Facebook Messenger app David Marcus. Onboard the team will also be several Instagram …
Bloomberg LP and Billionaire, Mike Novogratz announced to partner with Bloomberg Galaxy Crypto Index (BGCI). It is tracking cumulative performance of large cap digital currencies. It is one of Bitcoin’s biggest bulls to ink a deal and create a cryptocurrency price index. Global product Manger of Bloomberg indices says “the launch of the Bloomberg Galaxy …
Bovill, which provides consultancy services in various countries around the world, is adding a service to offer blockchain and crypto consultancy including about developing KYC and AML guidelines, registering ICOs, and use of blockchain tech in auditing money laundering. London headquartered consultancy Bovill has launched consultancy services for blockchain and cryptocurrency offering. The firm …
Ricky Williams, Former NFL (National Football League) comes with a traditional ambition. It surprises people that his financial advice is heretical. Williams has spent a lump of his post-football life researching from the field of medicine to astrology. Basically, he says that looking at the present scenario and future of digital currency he takes a …
According to the Fundstrat researchers which is led by Tom Lee, says that Bitcoin is all set to hit high by next week. At present Bitcoin seems to be on a better part of 2018 after struggle of three-week. Since, it has now reached to the $9000 mark and steadily reaching the $10,000 mark. After …
The Winklevoss twins said Bill Gates to put your money where your mouth is. The statement is in response to Gates comments on shorting Bitcoin. In an interview with CNBC’s squawk on Monday, Bill Gates, the Microsoft founder said that if there was an easy way he would short Bitcoin. “As an asset class, you’re …
The Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrency. This statement by chairman of the economic community comes with the country’s central bank regulatory measures for local banks to stop dealing with cryptocurrencies including Bitcoin. Mohammad Reza, Chairman of the Economic Commission of the Parliament of Iran, said “Based …
Intercontinental Exchange, the parent company of NYSE desires to move ahead. Bestowing to the New York Times, the founder of NYSE is building an online trading platform. NYSE NYSE allows institutional investors to purchase and hold bitcoin. It plans to provide a contract which allows customers to expertise on Bitcoin. It backs and stamps the …
On Tuesday Gary Cohn, Former president of Goldman Sachs says he thinks the world will get a global digital currency, but it is not going to be bitcoin. Bitcoin mining process Bitcoin is structured through an energy-intensive mining process. It requires specialized computer hardware. The cryptocurrency is the first application of blockchain technology. It eradicates …
Micheal Owen, Former England ace is releasing his cryptocurrency for kids to pay their footie training sessions. Owen is rolling out his personal Bitcoin-style currency named “OWN” to aid kids to pay £7.50 for the same. On Thursday, the ex-Liverpool striker has revealed the currency at a Blockchain summit held in Dubai. He also faced …
As per reports, China testifies that the investors are losing money after purchasing contracts on many cryptocurrency exchanges. The exchanges are controlled to circumvent by the government’s restrictions. OKCoin Exchange CNR (China National Radio), is extending an account from a Mr.Li, who purchases and sells Bitcoin on OKCoin. This exchange moves out from China after …
Bill Gates, Microsoft founder comments about bitcoin on May 7th. He said that Bitcoin and other cryptocurrencies are “kind of a pure greater fool theory type of investment”. Bill Gates said on CNBC’s “Squawk Box”, “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of …
The Oldest cryptocurrency exchange Bitcoin Vietnam Co. has got its domain name bitcoin.vn and is seized by Vietnamese Government. The ministry of Information and communication have concluded to fine the company 40 million VND for illegal social networking and setting up an illegal site. Bitcoin Vietnam Bitcoin Vietnam is a Ho Chi Minh City-based cryptocurrency …
The prices of Bitcoin have dropped on Monday which is followed by a criticism from few investments in the world’s best known wealthy people. According to few sources, the cryptocurrency has hit a low of $9,188.66 on Monday after climbing above $9,900 over the weekend. Bitcoin is recovering 40 percent from the lows around $6,700 …
QUOINE, a Japanese cryptocurrency exchange has disclosed the release of its Initial Coin Offering platform. This new platform is an all-in-one ICO execution service. It is an end-to-end solution which goals at aiding blockchain project to conduct ICO’s in a flexible, secure, transparent and scalable manner which is the best method of KYC and AML. …
Chelan County PUD is taking additional security measures to deal with possible future escalations of situations involving crypto mining groups and its staff due to disconnection of power, Bitcoin moratorium and denial of high-density load service to applicants. Chelan County Public Utility District is providing bulletproof panels and security cameras at the PUD headquartered. As …
CoinMarketCap did not give reasons for removal of the website but it is believed to result from recent controversies between Bitcoin Cash and BTC community. The latter argues Roger Ver is misleading people to buy BCH instead of BTC. CoinMarketCap has removed Bitcoin.com as a secondary website for Bitcoin (BTC) on its website listing for …
Recently, again there was a call from Israeli courts system to stop banks from halting crypto business. The Union bank refuses to operate an account to a mining firm. The sixth largest bank, Union Bank of Israel has been hit with lawsuit by a bitcoin mining company. Israminers Ltd, accused for decision to stop accepting …
The tax policies from governments around the world are jumbled. Few rules are regulations of cryptocurrency users are confusing. Currently, France altered its classification of crypto into a moveable property. The tax rates for many cryptocurrencies is been decreased from as high as 45% to 19%. Earlier, cryptocurrency gains were treated as “industrial and commercial …
American job-matching site takes comeback as an Asian-based global operation. It taps blockchain technology as an effort to be a supreme power in the industry. Job.com is conquered by an English investment company co-led by the entrepreneur and recruitment expert Arran Stewart. The team is getting ready to mold the namesake site as the firm …
The digital asset smart banknote producers have released bitcoin banknotes at a store in Singapore. Presently, the currency notes are available in denominations of 0.01 and 0.05 BTC. According to cryptovalley Zug’s website, the headquarters in Switzerland’s cryptovalley Zug and Hong Kong, Tangem is having offices in Singapore, Moscow, and China. The plan is to …
The Bank of Korea (BOK) has recently expressed that it has started studying cryptocurrencies. In an official statement on Wednesday, it also notes the planning of issuing CBDC (Central Bank Digital Currency) within few months. Korea Times reported on Wednesday that it is set to reveal its guidelines regarding cryptocurrencies and also the plans …
Coinbase witnessed transaction surge of 1000 percent from the third quarter of last year and expecting a double growth in the activity in the coming months. It has hired double number of staff and revised code and has improved website up time in preparation. Coinbase has been one of the preferred exchanges for buying Bitcoin and …
Profits for the South Korea Samsung Electronics are up by nearly 60 percent due to increase in demand for cryptocurrency mining chips. The company said they expect the growth to continue in the second quarter of the year. South Korean Samsung Electronics operating profits for the first quarter of 2018 surged by nearly 60 …
Pro-Bitcoin Core community said it does not have enough funds to proceed with the lawsuit against Bitcoin.com website. It accused the website of blurring the difference between Bitcoin Cash and Bitcoin and misleading users to buy Bitcoin Cash. The pro-Bitcoin community that was planning to a lawsuit against Bitcoin.com run by Bitcoin Cash proponent Roger …
The Taylor-Copeland law firm has filed a class action lawsuit against Ripple on May 3rd. The official complaint of lawsuit targeted Ripple, XRP II, Brad Garlinghouse Ripple CEO. Thus, claiming that company debased laws by offering unregistered securities. On 3rd May, the fintech startup, Ripple Labs Inc., which holds as world’s 3rd largest cryptocurrency was …
J.P Morgan has filed an application to obtain a patent and feature payment in the banks utilizing the blockchain technology. Basically, the patent complied in the month of October. The application was made public by U.S Patent and Trademark Office on Thursday. It plans a process which is necessary to utilize distributed ledger technology such …
CoinTouch, a P2P Peer-to-peer cryptocurrency exchange has closed its virtual currency exchange. The exchange is concerned with the matter related to the European Union’s new General data protection Regulation (GDPR). What is Cointouch Cointouch is London based exchange and commenced in the year 2014. Basically, the exchange dint charges any service fee. The founder …
Coinbase, U.S market hub for cryptocurrencies is preparing to increase trading volume. Eric Schneiderman New York Attorney General is inspecting Coinbase. The firm announced some key company data. Coinbase claims to double the size of its full-time engineering staff and is modernizing much on the platform’s code. Further, Coinbase states “These efforts and others have …
Kucoin exchange has planned a new method for trading the underperforming tokens. These tokens are considered as useless but this process gives them a special treatment area. The token is upgraded or a permanently eradicated. Kucoin aids the tokens which develop a low trading volume and are excepted a placement in special treatment. The tokens …
Indonesia is likely to implement blockchain to better its political and electoral processes, management and banking in the coming future. The Indonesia public and private sectors aim to use blockchain to overcome data management challenges such as lack of expertise and resources and the need to keep accurate records. Blockchain can help the country to …
With the intention to adopt a new legal framework for crypto payment service, Portugal parliament is set to discuss crypto payment regulations on Thursday. Portugal parliament is on the discussion to sanction cryptocurrencies and ICOs – particularly, regulators are keeping the close eye on cryptocurrency payments and how well to regulate. Government’s rules According to …
The representative of KodakCoin suspects Hong Kong based crypto exchange Lbank.io for creating a fake ICO section page of KodakCoin website. The KodakCoin ICO organizer accused LBank.io, the Hong Kong crypto exchange in “fraudulent behavior”. The page stated that on May 4th, Friday KodakCoin token starts at 12.00 UTC and ends on May 11 at …
The GCOX crypto exchange will allow celebrities to create, list and trade their personal crypto tokens on its Acclaim blockchain. The project already has celebrities as early private investors including boxing superstar Manny Pacquiao, former England footballer Michael Owen. GCOX, will be the first crypto exchange designed for celebrities in mind, in UAE. This follows …
The Bank of Korea is studying possibility of a cashless economy in the country. It will also possibly be using blockchain to lessen costs of printing and distributing physical money. The Bank of Korea has announced Cash-Free Society pilot project as part of the “2017 Payment Report”. It says that they have been working with …
African nation Ethiopia is exploring its interest in blockchain-powered solutions. The nation has signed a memorandum of understanding with apprenticing cryptocurrency startup, Cardano. It utilizes blockchain technology in the industry of local agriculture. Charles Hoskinson Charles Hoskinson, Lead, and former Ethereum Co-Founder disclosed on Twitter that the initiatives will target training developers how to utilize …
Berkeley is also considering, since February, to have a municipal token as a way of assisting funding for its projects. It says the project will proceed if the political process allows it. The city of Berkeley, California will be moving forward with a pilot program to sell municipal bonds on blockchain. The city council unanimously …
Yes, you got it right, Chris Slowe, Reddit CTO shares the company is planning to bring Bitcoin payment including LTC, ETH and BTC. He said that in an Recent interview with Cheddar on May,02. Previously, in late March 2017, the popular social network platform Reddit had stopped accepting Bitcoin Payment for Gold Membership. The company …
The bank was among several others that restricted purchase of cryptocurrencies with credit cards. It says the decision led to a drop in their cross-border payment volume in the first quarter of 2017. A drop in crypto wallet funding has caused Mastercard cross-border payments volume to go down by 2 percent in the first quarter …
Crypto ATMs are increasing around the world and 75 percent of them are located in the Americas. Argentina regulatory changes about ATMs will encourage establishment of crypto ATMs. Argentina is joining the crypto craze by adding 4,000 new crypto-compatible ATMs across the country. This comes even as a decision by the Central Bank of the …
Telegram, the well-known, messaging app has gained a lot of profit from the small group of private investors. This is led Telegram to call for a sale of cryptocurrency to a wider investing public. According to some source, Telegram Group Inc has fetched around $1.7 billion by trading newly created cryptocurrency to a fewer than …
EOS has gained by a total of more than 35 percent compared to last Wednesday. It reached a peak of $22.79 on April 29. Its mainnet is coming in June. EOS traded around $3 billion in volume in the past 24 hours, surpassing Ethereum, which managed a volume of only $2.4 billion during the same …
Dubai is using blockchain as one of the technologies to help it achieve a smart city. The project builds on the 2020 Blockchain Strategy launched in 2016. It will help make doing business in Dubai easier, streamline business operations as well as facilitate foreign direct investments. Dubai and IBM have partnered to launch the Dubai …
FacexWorm attempted to steal credentials of users’ Google accounts and crypto trading platforms. It tried to exploit users through a combination of methods including through Chrome extension and Facebook messenger. Google has since removed the Chrome extension. Facebook messenger was hit by yet another more sophisticated crypto mining malware that spread through Chrome extension, which …
Goldman Sachs is in the process to promote cryptocurrency trading desk. The bank is preparing to begin a new cryptocurrency market on Wall Street. It is planning to start small and provide a limited number of derivatives. Firms supporting Goldman Sachs’s idea According to a few resources, it will trade Bitcoin futures in a principal, …
CryptoUK says the Treasury Select Committee that is looking into possible impacts of cryptocurrencies and possible regulation should grant permission for FCA to regulate the markets. Further, it says regulation should dwell around licensing of platforms such as exchanges and enforcing new rules in areas of anti-money laundering rules, checks on investors, and operational standards …
SEC says the priority for now is to protect customers who “are getting hurt in this market.” It says that it will be looking at aligning crypto investments with securities law, which does not mean a total ban or more regulation. The U.S. Securities and Exchange Commission is reiterating that it does not wish to …
Z.com trade is an international brand of Japanese forex giant GMO. GMO Internet continues its roadmap and partnered through a subsidiary in the UK. Recently, it announced to launch a new FX and cryptocurrency mobile trading application in partnership with the finatext UK called “Pipster”. The app is accepted to launch for Andriod and iOS …
Revolut, London-based fintech startup is launching a debit card. It provides users 1% cash back in cryptocurrencies. The news was reported by Business Insider and published after Revolut became a so-called unicorn. A unicorn is tech giant that privately held startup and is valued at more than $1 billion. Nikolay Storonsky, Revolut’s chief executive stated …
Vertcoin is a P2P cryptocurrency and software project. Earlier, this morning the official Twitter account Vertcoin conceded it is on an attempt to haul out a Bitcoin (BTC) Scam. On May 1, the twitter account of Vertcoin posted a disclosure that a cryptocurrency prognostic in celebration of vertcoin’s success. The tweet promised to transfer 10 …
One of the local cryptocurrency exchanges in Croatia is now allowing customers to buy cryptocurrencies using fiat, over the counter with new “Bitcoin store”. The exchange says it hopes to expand in other cities and region depending on demand. A regular physical store “Bitcoin.store” in the Croatia City of Split is selling Bitcoin, Ether …
UNICEF is requesting you to give up between 20-80 percent of your computer processing power to help mine more cryptocurrency. The proceeds are converted into real-world money and then used to buy life-saving supplies for the needy and help children in Bangladesh. UNICEF Australia is asking you to offer some of your computer power to …
FTC will hold a Cryptocurrency Workshop on June 25. Various industry players will come together to discuss how scammers are exploiting cryptocurrency industry avenues to scam people. The event is free for public and will broadcast live on their website. Decrypting Cryptocurrency Scams US Federal Trade Commission wants you to learn more about scams by …
Square shares dropped by 3.8 percent to $45.76 per share and then recovered to close at 0.48 percent lower than its start-of-day value. The tweet claimed Wall Street was drunk of Bitcoin Citron Research’s tweet on Monday that Square was a “collection of yawn businesses” and that the strategy was “insignificant,” caused Square shares …
A U.S. District Judge said that the likely damage Alibaba suffered might have occurred in China where the company is based. Alibabacoin said they did not intend to take advantage of the Alibaba name. The ruling means Alibabacoin can still use the name. Alibabacoin name for Dubai cryptocurrency Foundation A judge in U.S. rejected an …
CEO of Japanese Online Broker Monex Group and Wall Street veteran asserts that new crypto asset class would take off like derivative that featured 38 years ago. CEO of Monex, Oki Matsumoto says “Regulators really hated derivatives in 1980 but just soon after that they really embraced them,” “What’s happening in the crypto world today …
Google Co-founder Sergey Brin in a statement says that there in upcoming urge for the powerful computers. It is utilized to mine ether and other cryptocurrencies have contributed to a boom in computing. Brin writes that various factors have led to wave in computing power. It has seen a search giant Google’s own processors increase …
The Co-host of the Longform journalism podcast and cryptocurrency show Coin talker Aaron Lammer dint notice at the first time when his website was hacked. A follower tilted him off saying that aaronlammer.com is been replaced by a notice. Instead of paying the ransom, Lammer tapped on a link which said: “Contact us”. This lead …
Romania’s oldest crypto exchange, BTCxChange declared that it is closing all its services today i.e., May 1st, 2018. BTCxChange is the first ever crypto exchange in Roman to trade Bitcoin in an easy and fastest way. The Notice dates on April 22 on its official website from the exchange team, informing all customers to withdraw …
Goldman Sachs-backed fintech startup, Circle announced on Monday, 30th April that it is now supporting ZCash to list offerings for its investment app. Circle supports privacy-focused cryptocurrency Zcash Circle Invest, an online payment app, and a crypto wallet announce on its official blog post that it will be enabling Zcash to its platform. It was first …
The total cryptocurrency market value is now above $400 billion. In the last few weeks, more people bought in as the value went down. However, all the top three cryptocurrencies managed an under one percent increase in prices over the last week. However, confirming that other less popular cryptocurrencies are gaining popularity. The total market …
Following the crackdown happened this week, Nicolas Maduro, Venezuela president has registered 16 new crypto exchanges. In general, it is now aiming at a new approach of the government at cryptocurrency exchanges, According to Correo del Orinoco, Venezuelan newspaper, the president of Venezuela, Nicolas Maduro has “authorized the certification of 16 crypto exchanges”. Maduro made …
Japanese Financial Giant, SBI Holdings announces its new plan to start cryptocurrency exchange – However, the launch dates are yet to release but the group’s CEO Yoshitaka Kitao sees new potentials of Exchange. He expects SBI’s new exchange to “be number one in the blink of an eye.” According to Japan media outlet, the exchange would list …
Australia is a way up to set up 20 MW Solar Farm, intends to power crypto mining and data center in Collie, Western Australia. Since the major market players and businesses in Australia are focusing on potentials of cryptocurrency and its high net worth, Hadouken Pty Ltd, owned by Australian Ben Tan. Mr. Tan is …
The largest cryptocurrency exchange, Binance had unveiled his plans to open a new global compliance center in Bermuda within few month. According to Premier David Burt announcement Bermuda has signed a Memorandum of Understanding with Binance. At a joint press conference on Friday, Changpeng Zhao met the representatives of the Bermuda Government including Premier David …
Charlie Lee, Litecoin founder, recently in an interview spoke lot about selling his complete stake of his own cryptocurrency. He spoke for long in a YouTube interview with Julian Hosp, the co-founder of TenX today at earlier. The founder of Litecoin, the 9th largest cryptocurrency, spoke lot in a YouTube interview concerning LTC and crypto …
As cryptocurrencies are growing, there are several investors willing to invest in cryptocurrencies. Germany began their first cryptocurrency exchanges which allow investors to feature their bets on the market.It is difficult to regulate exchange which allows investors to operate without any problems. Germany’s cryptocurrency exchange Germany is initiating its first crypto exchange for whales. The …
As the Bitcoin and cryptocurrency are gaining greater market exposure, regulators are keeping their eyes close to companies involving illegal activity and Ponzi scheme. Last week, the U.S state of North Caroline issued desist order to Power Mining Pool (PMP), a cryptocurrency mining pool that promises to offer daily profits. Securities Division found that the …
France has applied cryptocurrency income tax rate on capital gains. It is motivating citizens to invest and take some profits in the market. The French Council of State has settled to alter the classification of cryptocurrency capital gains. According to a French online publication, it lowers the tax rate from as high as 45% to …
With the intention to support the growth of Singapore Fintech market rapidly, the IPOS is providing expedited patent application to grant process for Fintech inventions. According to a Office statement, the new Fintech Fast Track initiative to provides expedited patent application to grant process for Fintech inventions. However, the initiative process is expected to grant …
Few days back, Chilean central bank has shut down accounts of top cryptocurrency exchange without any intuitions. The Buda, Chilean cryptocurrency exchange had persuaded a court to order the re-opening its accounts temporarily. According to Bloomberg, Chile’s anti-monopoly court has ordered Itau Corpbanca and Banco del Estado de Chile. The country’s central bank to re …
Zebpay, one of leading exchange platform of India has announced to list Tron on their platform. Zebpay has announced the list of new coin yesterday on Twitter. They disclosed this news through a riddle that was created a lot of buzz in the Indian crypto-market. Many of Indian Crypto enthusiasts were awaiting Tron in the …
Earlier there was around 80 percent of the bitcoin which have been created. According to the report from Blockchain.info, the 17th millionth bitcoin is mined on Thursday. It is more than a year for the number of coins been topped 16 million. As per anonymous creator of Bitcoin, Satoshi Nakamoto, the only 21 million bitcoins …
Bestowing to the report from Kromtech Security, the investors who invested money and time in John MCAfee preached cryptocurrency Bezop have become victims of data theft. The Startup firm supposedly left personal information of more than 25,000 investors on a publicly accessible MongoDB database. The Database includes links to scanned passports, driving license and all …
According to reports, the founder of Binance is being sued by VC group Sequoia over allegations that he signed an exclusivity agreement with IDG Capital. Zhao Changpeng, the Founder Binance cryptocurrency exchange is being sued by Sequoia Capital, a VC firm headquartered in Menlo Park, California. According to the report of Hong Kong court filings …
The high figure of financial firms interested in cryptocurrency trading in the nearest future signifies the possibility of entry of more institutional money in cryptocurrency markets. Moreover, 70 percent of firms showing this interest will trade cryptocurrencies in the next three to six months. One in five financial firms are considering trading in the …
16 cryptocurrency exchanges in Japan are joining hands to help come up with guidelines that will restore customer confidence. This include guidelines for ICOs and trading. 16 licensed Japanese cryptocurrency exchanges have launched a self-regulatory body that seeks to restore confidence in the market after the $530 million Coincheck theft in January. The ‘Japanese Cryptocurrency …
On Tuesday, Cisco Network tech giant won a patent which was applied to the bitcoin mining process. According to U.S Patent and Trademark Office, the firm submitted the patent application early in September 2015. The patent was mainly for a crowd-sourced cloud computing system. The patent blueprints on how computer owners will be able to …
Bitcoin gained 20 percent last week and then a months-high on Tuesday, although the price is below half of its December high of $20,000. A new resistance price of $12,000 is predicted. Bitcoin gained around 20 percent in the last week and was trading above $9,400. This is its highest level in months of …
The former Global head of foreign exchange at Jefferies Group LLC is beginning his new cryptocurrency firm in New York. After leaving the bank in March, the firm is to commence from this month. Ray Kamrath is the co-founder of Rubicon Markets Inc with Chief Executive Officer Andrew Lawrence and Chief Technology Officer Charlie Walden. …
State regulators have permanently suspended a foreign cryptocurrency trading from organizing its “scheme” in North Carolina. This for the second time, State regulators have shut down cryptocurrency trade. It is called Power Mining Pool previously and subjected to a temporary cease and desist order. The order was enhanced to permanently on April 19. North Caroline’s …
The cryptocurrency exchanges have found the new port in an island of Mediterranean Sea. Many cryptocurrencies have started trading in Malta. It is eminent for exploring the blockchain space. This land is well-known for its contribution towards cryptocurrency business and investors. Malta Island Earlier, Malta has Binance a cryptocurrency exchange which hires more than 200 …
Bestowing to CEO of Nasdaq, the company is planning to become a platform for trading cryptocurrencies like Bitcoin. Adena Friedman asserts to CNBC’s that “Certainly Nasdaq would consider becoming a crypto exchange over time.” She adds that “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ …
Cryptocurrency rules in South Korea is often a topic of concern – According to the recent report, South Korean cryptocurrency exchanges are announcing new self- regulatory rules and will have self-inspection as well. To regulate self-trading effectively, industry group charge address 23 cryptocurrency exchange and clarified the difference between new and old self-regulatory rules. As …
The latest announcements, Coinbase’s ShiftCard, the first US Bitcoin debit linked to any wallet in a user’s Coinbase account. It is can be used to spend coins online and offline over 38 million merchants globally. Charlie Lee, the founder of largest cryptocurrency, Litecoin has signed a partnership deal with ShiftCard in 2015. Recently, he has …
MyEtherWallet, largest Ethereum-purse had a hack attack in early hours of Tuesday. According to the source, hackers tried to steal around $150,000 in crypto coin from users’. To do this, hackers used an old and effective technique known as BGP hacking to reconfigure DNS Server and redirected the site to a phishing page. On Tuesday …
On Tuesday, MobileCoin announces to join Binance labs, the major blockchain incubator Binance exchange. It is leading a $30 million round denominated in bitcoin and ether for commencing new cryptocurrency. MobileCoin will fetch “Priority consideration” for listing on Binance as a part of the relationship. Moxie Marlinspike’s review The cryptocurrency projects are evinced a dozen …
As per reports, Bill Harris, CEO of PayPal and former Intuit CEO asserts that Bitcoin is a “colossal pump-and-dump scheme, the demerits of Bitcoin is not seen by the universe.” The main section of Harris’s post is directed at three key components of Bitcoin debate. The three areas are means of payment, store of value …
Elio Motors, a troubled automotive startup is starting its own cryptocurrency. The Cryptocurrency is initiated in order to fund the production of its three-wheeled vehicle. The firm is launching ElioCoin. It is offering to investors which aids from financial firm Jones Trading. Overstock.com an online retailer is on the process to become an investor to …
The world’s oldest bitcoin exchange Bitstamp is for sale. As per reports, South Korean’s gaming company claims to finalize the deal to purchase the exchange. According to few people, the price is estimated at $350 million. Bitstamp is the oldest bitcoin exchange and is the licensed exchange in Europe. The deal is kept confidential and …
In order to prevent money laundering, Taiwan plans to enforce cryptocurrency regulation, effective from November this year. Chiu Tai-san, Justice minister of Taiwan said legal framework will be ready prior to the Asia Pacific on Money laundering in November. He said this on Friday at anti-money laundering event. According to Central News Agency, Tai-san was …
Cboe aims to make changes in bitcoin futures contract price from $10 to $5. The approach comes in a wake of CBOE’s crypto product inaugural. On April 17th, a new letter was published to a CFTC (Commodity Futures Trading Commission). Matthew McFarland, managing director at CBOE Future Exchange announced a proposed rules amendment. Thus, it …
Mitsubishi UFJ Financial Group is testing usage of cryptocurrency in the payment of goods and services in its store. It is also piloting another program that could see customers pay bills in MUFG coin. Mitsubishi UFJ Financial Group has announced a major breakthrough in using the AMZN.O authentication protocol with cryptocurrency payments. The system allows …
A well-known financial journalist and founder of consumer finance site MoneySavingExpert.com filed an indictment against Facebook today. The suit is filed in UK’s High Court alleging for defaming the tech giant. Lewis blames the Facebook advertised more than 50 cryptocurrency ads which basely used his identity to endorse cryptocurrency trading scams. Martin Lewis says as follows …
Tim Draper, a Venture Capitalist, says bitcoin is to stay and it could be bigger than the internet. When interrogated about a debate how the digital currency compared to his early investments in Tesla, Hotmail, and Skype, a Venture Capitalist, Draper state that Bitcoin will be “bigger than all of those combined”. Draper is the …
In order to break the cryptocurrency crisis, the Central Bank of Iran (CBI) has prohibited country’s banks from crypto dealings. Thus, concerning over money-laundering, IRNA, the state news agency reported on Sunday. The IRNA (Islamic Republic News Agency) reported on Sunday, for both money laundering as well as fighting capital flight, the CBI has …
In the wake of the official ban by Russian Court, a messaging App Telegram began to resist. Telegram founder and CEO, Palov Durov calls for fresh protest over Russian ban by throwing Paper Airplane Neither about the terrorism nor malicious activity, Telegram was banned due to the heaviest raising funds, i.e $2billion from its ICO in …
An interesting state, Texas always been keen on cryptocurrency offerings and tends it have its own. Now, a recently published report based on four-week investigation founds crypto frauds in which 32 illegal cryptocurrency offerings were revealed. Texas is high with Crypto Fraud Texas State Securities Board issued a report that necessarily paint a negative scenery …
Binance has denied reports that it will introduce dollar trading on its exchange. Recent reports saying it would, and which caused an increase in prices for Monero and EOS, are fake news. In recent articles on social media like twitter citing that the largest cryptocurrency exchange, Binance would soon introduce USD transactions. Meanwhile, there …
Russian Supreme Court termed illegal decision to ban Bitcoininfo.ru portal, a cryptocurrencies news and information site. The case returns to a lower court for review. The Supreme Court of the Russian Federation has overturned the decision by the Russian authorities to take down Bitcoininfo.ru portal. This comes about two years since July 2016 when the …
Kraken co-founder and CEO Jesse Powell has said the Kraken cryptocurrency exchange will not comply with inquiry and information requested by the New York attorney general. He said on Twitter that the “resource diversion” for the production of the information requested is massive and that will “completely blow up” their roadmap. No Answer to NewYork …
Coinbase, a San Franciso-based cryptocurrency exchange is apparently closed an account opened by indicting site Wikileaks for its online store. Wikileaks stores cities the violating terms and Services. The Wikileaks Shop is a Whistleblower site merchandise outlet. It sells shirts, phone cases, coffee mugs, posters and other branded regalia. Wikileak’s claim The users can purchase the …
Canadian tax obligations don’t exempt people who made money utilizing digital currencies. The taxes are implied on Canadian for income gain through virtual currencies. As cryptocurrency like Bitcoin and Ethereum made users to gain currencies. The word crypto comes from the Greek word for hidden. If User thinks to hide his virtual currency during taxing, …
Venture Capital Working Group met on March 28 and is asking the U.S. SEC to consider a safe harbor where some cryptocurrencies are considering a safe from securities regulations given their structure and manner of formation. Venture Capital Working Group, which is a group of investors and lawyers, has asked the U.S. Security Exchange Commissions …
Stable Cryptocurrency will have a token called Stable, which targets at reducing volatility by making the price of the token stable at a single dollar. This would make it more suitable for merchant and payment services for instance, though bad for speculation. Stable Cryptocurrency has raised $133 million from private funding round from different contributors …
Pantera boss says it might be that right time you bought some Bitcoins. Given that the cryptocurrency has been growing fast, it is unlikely to drop below its 200-day moving average. Bitcoin and cryptocurrencies have seen the worst since the start of the year so far. The cryptocurrency has lost 40 percent of its value …
Twitter accounts belonging to various companies and personalities in the cryptocurrency industry were recently hacked or impersonified, and scammers, in some cases, stole money from their targets. It could introduce tools based on layered trust and give more power to users to control their accounts and what they share. Twitter users, at least in the …
The U.S Securities and Exchange Commission charged boxer Champion Floyd Mayweather with fraudulent activity. The company Creta raised $32 million through a fundraising mechanism known as an Initial Coin Offering or ICO. Initial Coin Offering is a process in which company issues a new digital coin in exchange for money. The coin is either traded or …
The imminent Boxer of Philippines Manny Pacquiao to release his own cryptocurrency. Manny is all set to follow the footsteps of his comrade Floyd Mayweather to launch his cryptocurrency. Floyd Mayweather is a boxer who earns Rs 11 crore per second in a boxing match. Manny is expounding to regulate the virtual currency market. GCOX’s …
The NASDAQ listed cloud network provider and Chinese based firm Xunlei is launching proprietary blockchain platform. On Friday, during a press event in Beijing, the firm declares the opening of blockchain platform. It is named as “ThunderChain”, Basically, it is designed to enable developers for constructing decentralization applications. ThunderChain is a new and advancing blockchain product which …
Now, crypto exchanges and wallet provider must introduce customers including verification. The producer has been undertaken by European Parliament in favor of strict regulations on Crypto exchange. Since the new approach come with the EU Anti-Money Laundering Directive’s latest update. The new approach under Closer Regulation On Thursday, the agreement with the European Council of …
Sam Ling says he is following Buffets advice to ‘focus on what he is doing and be successful’. He is launching 26 cryptocurrency indexes but there will be domestic and international competition after many other companies launched their index funds. Chinese entrepreneur Sam Ling, who together with his partner spent $2.35 million bidding on …
Arizona, Wyoming, and Tennessee are leading with bills or laws that recognize cryptocurrencies legally or facilitate payment of taxes in cryptocurrencies. Many other states are working on regulations that are friendly to cryptocurrencies. About 20 states in the United States now have a regulation relating to cryptocurrencies since 2014. Many others are aware regarding cryptocurrencies …
Rachel Wolfson, a contributor at Forbes says Facebook might want to start looking at the prospects of implementing blockchain and cryptocurrency right away given that the #DeleteFacebook hashtag continues to gain traction – it appeared more than 10,000 times within a two-hour period on Twitter after the data scandal involving Cambridge Analytica. Cambridge Analytica …
The CEO of Bitcoin exchange Mt.Gox, Mark Karpeles was under bankrupt in 2014. He had a hard time finding work for last four years. In February 2014, he announced that he has lost Mt.Gox’s 8, 50,000 Bitcoin and became the biggest villain of cryptocurrency world. Karpeles ended finding 200,000 of Mt.Gox Bitcoins and authorities believe …
Kraken Co-founder and CEO Jesse Powell Tweeted on Wednesday saying that, “The resource diversion for this production is massive. Thus going to completely blow up our roadmap”. Further, he added that “Then I realized we made the wise decision to get the hell out of New York years ago and that can dodge this bullet”. …
Philippines opposition minister has proposed a harsher penalty where crime involving cryptocurrency is punishable with one degree of higher than the traditional RPC. Philippines opposition senator wants a harsher penalty imposed against those committing cryptocurrency crimes. He proposed, to that effect, the Senate Bill 1694, filed last month and wants fellow legislators to expedite passage …
Hackers appear to be targeting YouTubers exposing details about their trades such as usernames and addresses and the tools they use. Balina, Saddington and Bosak lost cryptocurrencies by way of their accounts being hacked. They say they have learned their lessons to not expose their trades and the tools they use, on YouTube through vlogs …
The patent proposes a solution that allows companies to stream data to marketplaces and to customers. It also proposes a marketplace where data sellers and buyers can transact for data in real time. These data streams can be combined with other data to make more sense. Amazon has won a patent for a system that …
Cambridge Analytica is the company behind recent Facebook’s massive data leak scandal. It is now planning to issues its own cryptocurrency and aiming to raise funds through ICOs. It is also tried to promote Dragon Coin associated with a Macau gangster. The company tried a variety of technologies including blockchain. The Own Cryptocurrency: Cambridge …
The hackathon will bring together teams, companies, and authorities in order to collaborate to fight counterfeit and fake products and services. The teams will compete in three challenges and the winner will bag €100,000 The European Union of Intellectual Property (EUIPO) is, through the European Observatory on Infringements of Intellectual Property Rights, organizing the first-ever …
Huobi, a Cryptocurrency exchange is set to launch its office in London. As per a report, Huobi’s senior Chern Chung, business development manager for Europe says that London is preferred location for expanding the business into the Western countries. Further, he added that “Our Statistics show that London is the most active trading scene across …
On Tuesday, Eric Scheiderman Attorney General New York disclosed that he is inspecting at least 13 cryptocurrency exchanges which include well-known exchange called Coinbase. He added that “Too often consumers don’t have basic facts they need to assess the fairness, integrity, and security of these trading platforms”. Further Scheiderman says he hopes to make exchanges …
Mastercard applied for a system that helps improve system accuracy when recording data on the blockchain, by blocking fake data. The system helps improve verification and avoid possible fabrication of personal identity data. Mastercard applied for a patent with the U.S. Patent and Trademark Office (USPTO) last Thursday, for a technology to help safeguard …
South Korea banned ICOs in the local market in September last year to follow China’s footsteps. Companies are finding another route in the overseas but it presents its own challenges: it is costlier. After South Korea prohibited ICOs in its local jurisdiction last year, then prohibited anonymous crypto trading January this year, ICO projects are …
Cota, a Bitcoin developer proposes a payment method where users will make payments via NFC by connecting their smartphones to the device being paid, basically by hooking to the Bitcoin’s upcoming lightning network. It will use the lightning feature, which could be the greatest breakthrough in payments in the Bitcoin protocol thus far. So, to …
Bermuda is already attracting more cryptocurrency related businesses that want to come into the country. The friendly regulation will act as a catalyst. Companies will have required adhering to anti-money laundering and terrorist financing regulations. Bermuda, a British overseas territory in the North Atlantic Ocean, is considering a bill proposal that could allow the country …
Austin is developing a blockchain technology system for registry of refugees in the city. This will help improve service delivery. The country sees more than 7000 people living on the streets according to last year data by ECHO. Austin city in Texas wants to use blockchain in protecting the identity of the homeless in …
As per reports, Barclays Plc, the second largest bank of U.K is begun to audit client interest in setting up a virtual currency trading firm. Barclays is holding high-level discussions about starting a dedicated cryptocurrency counter. According to few sources these discussions are in a primary state. The bank is trying to predict the anticipation …
The international monetary fund envisioned the economy of a world that has boomed since 2011. This might continue for upcoming two years and soon the economic conditions may fall down. On Tuesday, the firm gave a forecast of the year 2018 on the global growth of an economy. The estimated growth is 3.9 percent in …
Brazil regulators are working on a regulation on cryptocurrencies but there are tensions between banks and brokers — some banks have previously refused to open accounts with brokers because of risks. Additionally, the regulators have warned that local investment funds cannot invest in cryptocurrencies. Bitcointrade, Mercado Bitcoin, Foxbit crypto exchanges recently created the Associação Brasileira …
Ripple’s head of regulatory called on U.K. to relook into delays of announcing cryptocurrency regulation saying that predictable regulation can help promote to markets by attracting new entrants, especially institutional investors. Financial Conduct Authority said it will study cryptocurrency regulation situation and publish recommendations in the third quarter of the year. Ripple’s head of …
The Bitcoin price is heading towards the green for the weekend. Several, bitcoin investors and experts like Thomas Lee and Tim Draper have been predicting on price. Now, yet another investor has joined suit – predicting high on Bitcoin. A new high: Bitcoin hits $25,000 The CEO and Founder of digital assets investment fund BKCM …
The exchanges are appealing against the decision saying it might kill cryptocurrency trading in the country. The market regulator says cryptocurrencies do not fit as “securities” while the central bank says they cannot be considered “currencies.” Buda, Orionx, and Cryptomkt cryptocurrency exchanges, which are based in Chile, are seeking to have the decision by …
Nowadays the technologies are more into providing quick shipments of phones and chips. Samsung is now using blockchain technology to keep a track of its huge global shipments as well as to reduce its shipping cost by 20 percent. The Samsung Group is the first ever global manufacturers to utilize distributed ledgers in its operations. …
Coinbase purchases a Bitcoin firm named Earn.com. It is a trade which allows users to get paid in digital currency if users respond to the emails and complete tasks. Balaji Srinivasan, co-founder, and Chief Executive Officer was a general partner at Andreessen Horowitz. Currently, he will be joining as a Chief Technology Officer at Coinbase, …
Coinbase is acquiring Cipher browser app in order to improve on the Toshi project, which is its own browser app for Ethereum. The app lets users to browser financial apps and communicates with each other. Coinbase announced on Friday that it has acquired mobile Ethereum Cipher browser. Further, the company will merge many of its …
The telegram has appealed against the decision to ban access in Russia and says it will do everything possible to ensure the services are accessible again in the country. The court said the ban will continue until Telegram complies with a directive to turn over keys to decrypt user messages. Moscow’s Tagansky court ordered …
Ripple is also partnering with multiple banks and groups including over 60 banking and financial institutions in Japan and South Korea. This could make Ripple systems implemented into more than several banking systems to support global cross payments in future. Ripple and Santander will roll out an app that will see the Spanish based …
CriptoHub wants to ease the burden of trading Bitcoin and other cryptocurrencies in Brazil given the that the current exchange options are poor and that there are difficult transaction processes. CriptoHub wants to satisfy the higher demand among Bitcoin buyers in Brazil. It will have more than 20 tradable cryptocurrency assets and fiat pairs and …
Yahoo Japan is planning to purchase a minority stake of 40% in a Tokyo based cryptocurrency exchange called BitARG. This is a remarkable journey of traditional companies to enter into digital currencies. Currently, Yahoo is #4 popular sites in Japan and 40th largest auction online site in the world. Yahoo Japan is featuring to endorse …
The company is already in the process of delivering Bitcoin pens from last month. Both the luxury Ethereum and Bitcoin pens are limited in numbers. There are discounts for pre-production stages or pre-orders. Ancora1919, an Italian luxury pen-manufacturer for 100 years now, will now accept pre-production orders for a limited edition Ethereum pens. It …
Cryptocurrencies bring a huge privilege but also a huge responsibility. G20 might finally call for a regulation for cryptocurrencies although regulation is already in place in a number of countries. A report on the same is due this year. Bank of England’s governor, Mark Carney, echoed his earlier statement that cryptocurrencies are not a …
On Friday, 14th Apr, one of Germany’s largest stock exchange announced that they will release a crypto trading app. The subsidiary of Borse Stuttgart, Sowa labs unveils that app will avail for use in September. New Crypto Trading App: Bison According to Borse Stuttgart, the new crypto trading app will be known as Bison. Initially, …
Bitcoin price rose by $400 in two hours, the highest intraday rise since February 6. The cryptocurrency could rise further although the speed has slowed. Bitcoin price has been soaring in the last 24 hours and is likely to continue with this trend. It moved out of its $6k levels on Thursday by trading over …
JP Morgan Chase is facing an allegation of violating the US Truth and Lending Act on “unfair credit billing and credit card practices.” It failed to inform customers in writing about the extra charges or changes in terms. A lawsuit has been filed against JPMorgan Chase & Co for charging higher fees on cryptocurrency purchases. …
Yahoo Japan has fetched 40 percent of a Tokyo-based cryptocurrency exchange that is set to release in upcoming days. The investment has made its BitARG exchange through a Yahoo Japan subsidiary which provides a company with the minority stake. It is a BitARG parent company CMD laboratory that manages 60 percent ownership of the exchange. …
MasterCard, the payment giant is aiming to hire 175 new employees as technology developers. On placement, employees will be based in Ireland to perform a role of blockchain specialists, Data scientists, software engineer, cloud infrastructure and security experts. Mastercard which had halt cryptocurrency purchases via credit card in early 2017 is calling crypto enthusiast to …
A PumaPay platform will use PullContracts to facilitate payment of merchants by customers. It will compete with big players in the payment industry including Mastercard and Visa by making merchant transaction less costly. PumaPay is developing an open-source “PullPayment Protocol” that can allow merchants to pull funds off of a customer’s account with their …
The tiny island, Malta nation is now taking a pace for the major cryptocurrency exchanges, OKEX Technology. Apparently, Japan-based, OKEX Technology Co is now heading towards Malta to expand its operations. OKEx is one of the pioneering cryptocurrency exchange that provides users with a robust crypto trading platform. At present, the exchange offers token-to-token and …
The patent describes a system to secure cloud-based blockchain networks. Such systems could be demanded more in future as computer systems continue to move to distributed computing architectures such as cloud computing. Founders of Gemini cryptocurrency exchange Cameroon and Tyler Winklevoss have won a patent for a system that improves the security of digital transactions. …
GMO Group employees will start receiving a minimum of 10,000 Yen and a maximum of 100,000 Yen, although that is the starting point. The move could attract employees willing to take advantage of cryptocurrency prices but volatility might be a great concern for many. Other companies may follow suit if the move is successful. Japanese-based …
DigitalX is also partnering with media company Multiplier to launch websites for disseminating news and information about cryptocurrencies. It joins other companies such as BitCar and Mint that are already running crypto projects. DigitalX Ltd, a blockchain technology company based in Perth has launched an investment fund for cryptocurrencies and website that provide news …
Petro, Venezuela’s oil-endorsed digital currency should become a legal tender for all transactions that includes government institutions to financial firms to all other companies. The time allotted to this venture is 120 days as per the declaration was given by the Government’s Official Gazette. Bestowing to gazette of April 9, the government is going to …
The company hopes that the cryptocurrency will help recreate the network of retailers. It will be the first Canadian crypto to launch to an already established community or members. The group started in 2013 and has a community of more than 200,000 members. Bunz, an online trading and barter platform based in Canada, is launching …
The Caribbean region is embracing cryptocurrencies as a way of dealing with issues such as de-risking when banks pull out of the region in response to calls against money laundering by U.S. Cryptocurrencies could also help the unbanked in the region. The Caribbean Tourism Organization is partnering with a local company CTO to use cryptocurrencies in …
The move is understandable given the pressure by government on businesses regarding cryptocurrencies. It is unclear if Alibaba will follow suit though it recently launched a cryptocurrency mining platform. Customers and users of Taobao, an internet shopping site owned by Alibaba, will from April 17, no longer be able to provide products and services …
The operation by Spanish security forces included support from Finland and the US Homeland Security involved search on many computers, money counters, and bags. The team also acquired information about suspects’ accounts from a crypto exchanged based in Finland. European Union Agency for Law Enforcement Cooperation (Europol) says it napped 11 people and identified 137 …
Coinbase is also seeking to add more cryptocurrencies for withdrawal, on all of its platforms. It said it will add more crypto assets as soon as there is regulatory clarity about cryptocurrencies. San Francisco-based Coinbase is seeking to license with the US Security Exchange Commission to become a brokerage firm and electronic trading venue. This …
The account was restored on Monday after two users took over the account briefly. There are different conspiracy theories pointing to the reasons why it was banned, including a claim that it was Bitcoin Core community-fighting Bitcoin Cash. There was an uproar after the @Bitcoin Twitter account was shut down over the weekend. A user …
As per Wall Street Journal reports on April 11, New York’s Upper East six-storey building is on sale for $30 mln in fiat currency or $45mln in the digital currency. Claudio Guazzoni de Zanett a Blockchain seed and angel investor of Cryptocurrency stated that he will welcome Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP) for …
The inspection targets at checking whether the three are adhering to KYC and AML requirements in the new regulations for trading cryptocurrencies. The country banned anonymous trading for cryptocurrency traders and is enforcing that regulation. The Financial Services Commission (FSC) will inspect Nonghyup Bank, Kookmin Bank and Hana Bank between April 19 and April 25 …
Third of the funds for the Blockchain Industrial Park comes from the government. The park will support innovations in blockchain in the country. China is building a Hangzhou Blockchain Industrial Park worth of 10 bln yuan (around $1.6 bln) investment according to an announcement during the opening ceremony of the park yesterday. The Xiongan Global Blockchain …
Gemini Block Trading will allow large customers such as hedge funds to trade large amounts without affecting the prices immediately. The minimum quantity is 10 BTC and 100 ETH. Gemini cryptocurrency exchange has announced the launching of the Gemini Block Trading to serve those intending to sell and buy large quantities of digital assets outside …
Bitcoin has lost by more than 52 percent in price this year alone without considering the high of $20,000 in December last year. Other cryptocurrencies are also following this trend with no signs of improvement in the short run. Bitcoin fell to $6,646.07 as of 3:49 p.m. ET Monday moments after a slight price …
The police officers kidnapped a businessman, took them to a farmhouse where they forced them to transfer Bitcoins. Allegedly, they received more money in order to release the three businessmen. A special task force was formed to investigate the matter. 10 police officers in the Indian state of Gujarat are facing allegations of kidnapping a …
Some marketers still view the ban as one that won’t have an effect on their operations since they rely on other platforms for advertising or have already a strong social presence. Some people feel that these companies are beginning to feel the threat of decentralized tech. Facebook, Google, and Twitter (with an exception for verified …
Financial Conduct Authority will, together with others as part of a task force, develop thinking and publish a discussion paper in the third quarter about the way to go in regulating cryptocurrencies. Companies are already starting to think about self-regulation even as the regulator warns that they must observe the regulation handbook. Financial Conduct …
SARS is working on how taxes will apply to cryptocurrencies targeting such areas as cryptocurrency mining, trades on cryptocurrency exchanges, and the purchase of goods and services using digital money. It previously said it was working with global regulators on the matter. The South African Revenue Service (SARS) is warning taxpayers that they could …
Bitcoin classes and MBA are now being offered in more top business schools as a result of increasing demand from students. This demand is partly fueled by last year’s price spikes that made many people know cryptocurrencies and blockchain, and the fact that more companies are looking for people with skills in blockchain tech and …
Bitcoin lightning network visualizers help depict how the network is growing. Many people use them to tell the story of the growing network, but they do not depict the true picture of the growth and they may not be viable projects in the long term. Data visualizations are a favorite tool for Bitcoin users and …
Companies are willing to pay higher salaries for anyone who can do more than just basic skills. The shortage is high and is exposing exchanges to hacking threats. Many companies in the cryptocurrencies market in Japan are in search of cybersecurity experts and specialists in the blockchain. This comes even as they faced the threat …
The new deal will see Power Team use Wellsite technologies to serve their customers better and efficiently including by reducing transaction costs. Co-founder of Power Team also joins the advisory team for the Crudecoin project. Power Team will use Wellsite’s distributed blockchain technologies to offer new ways to energy companies. And also to manage their …
Bitfinex joins Coinbase which announced the listing of more tokens including Bitcoin forks and other cryptocurrencies in future. Gemini also announced they will be adding more tokens on their platform. Bitfinex crypto exchange is adding some more 12 new ERC-20 tokens for trading on its platform according to their announcement on April 7. Customers will, …
Allvor will be the second to try launching token on Ripple network after last year’s attempt by John Holmquist. The startup said projects can take advantage of the situation at Ripple, namely a huge network and a large amount of XRPs being not utilized. Allvor to launch a new project onto Ripple Allvor is cryptocurrency …
Soros is famous for betting against the pound in 1992 and has also said Britain may reverse Brexit as a result of economic slowdown. The move to bet in cryptocurrencies comes at a time when traditional money managers are staying away from cryptocurrencies. Billionaire George Soros is planning to enter cryptocurrency trading after a …
On April 5, the State Securities Board of Texas have issued an Emergency Cease and Desist letter to the Millionaire Mentor University, Mark J. Moncher, and another connected player to ban selling unlicensed securities and defrauding investors in an allegedly fraudulent complex cryptocurrency trading and medical marijuana investment scheme. Estrada Trucking of Capital Cash and …
Blockchain and cryptocurrencies present an opportunity for companies to reduce costs of operations and cross-border payments. However, since only a few merchants and people are actually using crypto for payments, there is need to do more to popularize the tech for instance through integration with POS platforms. Automation has been changing the way companies …
Coinbase subsidiaries will support withdrawals for forks, mostly at the time the fork occurs. The company said it made the announcement to both internally and to the public as consistent with their process for adding new assets. The U.S. based Bitcoin exchange Coinbase is adding features to let users withdraw Bitcoin forks according to …
Banco del Estado de Chile (Banco Estado), the only public bank supporting cryptocurrency, has decided to freeze accounts of the Chilean cryptocurrency exchanges Buda, Orionx, and CryptoMKT. According to the El Mercurio, a local news outlet stated that the only bank in the South American nation of Chile that works with cryptocurrency exchanges has made …
Japan is moving ahead to legalize initial coin offerings while other countries like the US and China are restricting the fundraising technique to save their investors from the existing risks. Japan has a well-known standing as a global home for cutting-edge tech and innovation. It was the only important economy to present legitimacy on digital …
Zebpay is the leading and largest cryptocurrency exchange in India with over 3 million users. Users can trade various cryptocurrencies by first buying with local cryptocurrency through a registered bank account. India’s largest crypto exchange Zebpay has reduced to a half the fees for intraday transactions. Those buying and selling Bitcoins through the exchange …
Regulators continue to raid crypto exchanges from early January this year after passing regulations to improve transparency. It raided three others last month on the same suspicion. CEO Kim Ik-hwan and a senior executive of South Korea crypto exchange Coinnest have been in detention for fraud and embezzlement. The investigators suspect that the two transferred …
Cashaddr is now supported on Bitpay, Coinbase, and Trezor. It is a format for addresses to make Bitcoin Cash addresses distinct from addresses of other cryptocurrencies. Trezor will add on support for Casaddr, a BTC address format that is meant to differentiate between Bitcoin Cash and Bitcoin Core addresses. It will be good news …
International Business Machines Corporation is associated with a private, non-profit organization named Sovrin Foundation. It is exploring to build a global decentralized identity system that is based on Blockchain technology. Different Reviews: Phil Windley, Chairperson of Sovrin Foundation asserted that “The blue-chip U.S computing firm will join the non-profit as a “founding steward” that dedicates …
ASRock four GPU versions of the RX570 series are for mining operations only. They will provide users with advanced features such as improved processing and cooling for better performance. The company will also introduce a fifth line specifically for gamers. ASRock has confirmed plans to sell GPU miners through its Phantom Gaming Series unveiled …
The company found out that 4 percent are already ready to receive payment in cryptocurrencies. 44 percent thought it was great to receive payment in crypto. Clients of rising People, can, from last year, pay employees in cryptocurrencies. A research by Midex reveals that 40 percent of people are ready to accept salaries in …
Breadwallet will, therefore, support three cryptocurrencies, Bitcoin, Bitcoin Cash and Ethereum. Token holders will get airdrop as the company celebrates successes of 2017. With SegWit support, the app lets people send crypto securely. Bread will start supporting Ethereum starting this week according to the company update. The company will also offer airdrop for those …
Foxconn joins other companies working on blockchain phones such as BitVault and Zippie. It hopes to ship the first 25 K units this October and a few million units this year and then partner with mobile operators. World’s largest manufacturer of electronics for hire Foxconn Technology Group is planning to manufacture a blockchain phone …
Japan’s third-largest online broker Monex Group Inc, a leading online trading company based in Tokyo has confirmed to take over Coincheck, the cryptocurrency exchange hacked in the month of January 2018. Recently, Monex Group made a statement that it was seeking to acquire the Coincheck cryptocurrency exchange. The exchange was the victim of a hack …
Reserve Bank of India banned digital currencies like Bitcoin, Ethereum from offering services to any individual or business dealt with cryptocurrencies. The central bank has provided three months to the regulated entities like banks and finance firms to unravel their entities related to cryptocurrencies as stated by RBI Governor BP Kanungo in a Media Conference. …
The former chief executive of Bitcoin exchange Mt. Gox publicly declared that he is impassive to get profits from the bankruptcy proceedings. In an Ask Me Anything (AMA) on Reddit, Mark Karpeles surprised the cryptocurrency community by stating he doesn’t the funds he would receive from the company’s bankruptcy. Four years ago, former CEO of …
ADS Securities, Abu Dhabi based trading firm is widening their list by adding top three cryptocurrencies. The company has announced that traders using propriety OREX platform are now able to trade five cryptocurrencies: adding BTC and ETH which were since last year. Now Trade with BCH, XRP, and LTC The reports stated, ADS Securities announced …
New lawsuit around 82 million yen ($771,000) has been filed against Japanese cryptocurrency exchange Coincheck, who recently underwent a $530 million USD loss of the cryptocurrency NEM. Coincheck is the remarkable cryptocurrency exchange headquartered in Tokyo, Japan. In the month of January 2018, Coincheck became the victim of the largest heist in the history of …
Mayor Park Won-soon says that Seoul, the capital of South Korea is developing its own cryptocurrency, tentatively named as S-Coin, which would be used in the city-funded welfare program. Hankyoreh, the news outlet reported on March 30 that the mayor of Seoul, Park Won-soon has confirmed his purpose to launch South Korean capital’s own cryptocurrency …
Like NXT, Waves Platform let you launch your own digital currency project and allow teams to trade the coins on the DEX. The platforms eliminate the hurdles and technical difficulties of launching cryptocurrency projects making the process faster for individuals and teams. Waves, an already existing secure and multifunctional wallet, recently added WavesGo gateway …
As a trade war is going on between US and China, it is affecting prices of Bitcoin. The cryptocurrencies are in great agony due to the uncertainty of the prices. The bitcoin has come below $7,000 for the first time after a brief period of two months. After February 6, for the first time on …
The system not only records point-of-sale computer transactions but also details about the transaction. It will help in the performance of near real-time transactions by eliminating the need to wait for block confirmations through miners. TD Bank published a patent application last week detailing a public distributed ledger system for point-of-sale computer track transactions that …
Monex Group Inc, Japanese online brokerage firm will enter cryptocurrency services in Japan. Nikkei reported that the company shared the news with major investors and regulators already. Japanese online brokerage firm Monex Group Inc is considering to buy Coincheck Inc according to a Tuesday announcement by Nikkei. The announcement by Nikkei did not close the …
The co-founders of Centra Tech Inc. Sohrab Sharma and Robert Farkas were incarcerated with the charges of fraud after purportedly duping investors through Initial Coin Offering. On Monday, Securities and Exchange Commission disclosed fraud charges against founders of Centra Tech. Sharma and Farkas are claimed to offer unregistered investments in the company through the sale of CTR virtual tokens. Thus, which are similar to Bitcoin, Ethereum and digital coins. SEC asserts that Sharma and Farkas were a part …
The litigation tracker helps track details of litigation, fines and court judgments and determinations relating to cryptocurrencies. It could help investors willing to assess the flagged companies before making decisions. Morrison Cohen, which is a litigation form, has launched the ‘MoCo Cryptocurrency Litigation Tracker’ that helps track litigations, regulatory actions, and pronouncements regarding cryptocurrencies, initial …
Line app is planning to use the new subsidiary to research on the possibility of integrating cryptocurrency and blockchain into its messaging application. It may then launch a token economy on its mobile platform Line Plus. Telegram and Kakao are also working on integrating blockchain applications. Japan-based social messaging platform Line announced Monday that …
Founder of the software company McAfee, John McAfee is now promoting cryptocurrency for $105,000 per tweet to his 810,000 direct followers. Some of the countries like Venezuela developing their own cryptocurrency. Other countries like China stand against the use of cryptocurrency. Recently, the top giants like Google, Twitter, and Facebook have banned the crypto-related advertisement. …
Singapore’s Infocomm Media Development Authority (IMDA) introduced its very first Blockchain challenge to improve modernization and acceptance of blockchain technology beyond fintech. The rapid development and spread of Blockchain technology have been significantly transforming the crypto world. Blockchain technology is a form of distributed ledger technology could fundamentally change the financial sector, making it more …
After Facebook, Twitter and Google, yet other crackdowns on malicious crypto mining extensions on its Chrome store by Google. In the very short notice, the step has initiated to illicit cryptocurrency mining. So far, Chrome store permitted cryptocurrency mining in extensions only when it is of a single purpose. And also, the user must the …
MailChimp also banned promoting of multi-level marketing and “make money online” businesses or others that have higher-than-average abuse. It joins Google, LinkedIn, Twitter, and Snapchat on a ban on ICO and crypto-related ads, and the country-wide bans in China and South Korea. MailChimp has updated, this week, their policy on promoting cryptocurrencies and ICOs …
As Confirmed on April 2, US healthcare organization named UnitedHealth Group is collaborating to utilize blockchain and fetch the accurate records. According to Government, this is the new venture and Conglomerate’s Optum subsidiary will endeavour with various other industry players. It addresses US doctor directories and claims that 50% of data is incorrect. Further, it …
Thai Finance Minister Apisak Tantivorawong takes Thailand one step closer to enacting taxes on cryptocurrencies. Investors are expecting to face a 7 percent value-added tax (VAT) for all trade in addition to a 15 percent tax on capital gains. Nikkei Asian Review, a local news outlet reported that the most awaited cryptocurrency tax structure in …
National Bank of Kazakhstan plans to ban every digital currency operation in the country. Another country is planning to ban the use of cryptocurrencies in its province. In recent times, National Bank of Kazakhstan has introduced a Blockchain-based mobile securities trading application for the users to become more attentive in the capital markets. Unfortunately, the …
A Beijing-born Huobi crypto exchange has officially launched in South Korea. The platform supports the trading of 100 altcoins and 208 markets. It is also setting up an investor protection fund to pay damages that are not investor error. Huobi is a cryptocurrency trading platform and exchange based in Beijing, China. The trading platform was …
The Bitcoin trader is awaiting sentencing in June after conviction with five counts of money laundering before a jury. He exchanged a total of $165,000 through an online exchange. Thomas Mario Costanzo, also known as ‘Morpheus Titania,’ was found guilty this week of five counts of money laundering by a Phoenix federal jury. Costanzo …
Riot Blockchain company did not announce any release date and said it is investigating the launch. The acquiring of Logical Brokerage may help improve publicity of the company. Riot Blockchain company has acquired 92.5 percent of Miami-based Logical Brokerage Corp and is contemplating launching a digital currency exchange and a futures brokerage within the …
Ford’s blockchain solution will see cards and vehicles communicate with each other and facilitate alleviation of traffic congestion. Other companies into vehicle technology that uses blockchain include Volkswagen and Porsche and BMW. Ford Global Technologies, LLC has been issued a patent for a vehicle-to-vehicle cooperation system that could spell out the digital future of vehicles …
PKO Bank Polski will adopt the technology to cut down the costs and to ensure clients can access the documents securely. In addition to having the documents stored immutably and permanently on the blockchain. PKO Bank Polski is partnering with Confirm for a storage and verification system. It is based on the distributed ledger to …
Cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Ripple are notoriously volatile, meaning that their value can extremely fluctuate at any time. Closely analysis of these currencies during last week shows massive decline and the market fails to sustain the soaring volume. The value of cryptocurrencies continues to sink from a major upward trend this week. All …
Telegram wants to build a system with a cryptocurrency called Gram. It will have faster transaction speeds than Ethereum and Bitcoin and possibly be competing with Visa and Mastercard. Telegram Group Inc. has raised $1.7 billion according to a regulatory filing, to see it build its own cryptocurrency. The company raised $850 million in …
Danske Bank will, however, allow customers to purchase cryptocurrencies with a credit card. The bank is taking the move due to risks imminent in the business including lack of backing by a central authority and volatility. Danske Bank, one of the largest banks in the Nordic region, will now not allow customers to use …
Reddit says it is taking the move due to upcoming changes at Coinbase and the bug that is affecting some users. It will consider a demand for Bitcoin payments before deciding whether to re-enable the feature. Reddit, which has been accepting Bitcoin payments, has halted Bitcoin payments for its Gold membership due to issues affecting …
Lee has been predicting prices for Bitcoin since it was below $3000. He said it will reach $25,000 by the end of this year and $55,000 by 2022. He says holding is more reasonable for those who missed the 10 best days at the start of this year. Tom Lee, the former strategist at JPMorgan …
Zug hosts a number of well-known crypto projects including Xapo, ShapeShift and Ethereum foundation and management. Bitfinex, which is currently located in the British Virgin Islands is considering also London as an alternative but Switzerland is top on the list. Bitfinex is planning to move its base from Hong Kong to Zug, Switzerland. The agency …
The Bank of Montreal has initiated blocking transaction of cryptocurrency on its credit and debit cards, as per the bank employee who posted the document on Reddit. The Bank of Montreal, a Canadian multinational banking, and financial service corporation, operating as BMO Financial Group banned its customers for participating in cryptocurrency transactions. A Reddit user …
Two other Japanese cryptocurrency exchanges are closing their doors after their operators allegedly withdrew their applications with the country’s Financial Service Agency. Hence, they are in the process of reverting client’s cash and crypto holdings. Tokyo Gateway and Mr. Exchange is closing down their operations As the regulations are severe in Japan, two additional cryptocurrency …
Bitfinex, the largest cryptocurrency exchange is introducing additional trading pairs. It is adding two fiat currencies to its platform – the Japanese Yen and British Pound. It has also enabled deposits and withdrawals in both JPY and GBP Also, the trading platform is planning to change location from Hong Kong to Zug, Switzerland. Following the …
Eurasian Association of Blockchain is planning to act against social media and tech giant company for placing a ban on crypto-related advertisements. The Blockchain Association affirms that some of the shareholders of these media platforms are associated with cryptocurrency investment. Local news outlet TASS reported on March 27 that some of Blockchain and Digital currencies …
The first decentralized digital currency, Bitcoin has hovered value of around the $7,500 mark today. The value of Bitcoin downfalls when the popular social media network Twitter enforced its prohibition on cryptocurrency advertisements. The Bitcoin price dropped below after reports circulated that social media platform Twitter Inc will ban the advertisement of cryptocurrency. At the …
Bithumb and Korea Pay expect to have 800,000 merchants into its platform by end of the year. The company is also planning for international expansion. Bithumb will roll out services to 8,000 brick and mortar outlets by the end of 2018 according to their latest announcement on March 26. The exchange will partner with digital …
The low volume on major exchanges BTC and ETH signifies that it may take a few more weeks for the markets to recover. It is normal for any asset market to experience a slump after a major correction and that would last for some time. The cryptocurrency market has been moving up and down …
The country, Vietnam boasts of a strong skill base and tech innovations and this may help blockchain startups. The government has plans to train and provide resources for tech startups. The country recorded growth in blockchain projects over the last year. Vietnam has recorded rapid GDP growth and recorded massive improvements in overall health …
Chile government once financially supported a Bitcoin exchange called SURBTC to facilitate donations into the country after the 2015 earthquake. The two exchanges are asking the regulator to come clear on the issue of the use of banks by those holding and trading cryptocurrencies. BUDA and CRYPTOMKT cryptocurrency exchanges are asking the government to clarify …
The ERC20 standard has become popular in the recent past for teams to quickly build interoperable contracts/assets. Coinbase will add tokens after listing on GDAX and after evaluating them on metrics such as liquidity and stability. Coinbase, which currently supports Bitcoin BTC, will add ERC20 compliant tokens in the coming months according to a …
The Gold castings were produced by Harmony Gold Mining Co. in 2002 and are one of the pieces that came up under Mandela name after anti-apartheid. The company has paid a deposit of $50,000 and will pay the rest in installments. An Ontario-based cryptocurrency company Arbitrade bought the gold castings of Nelson Mandela hands at …
The company is already registered with U.S. regulator database and has registered an office in the country. It is, however, entering a hotly contested market with Coinbase launching services for other cryptocurrencies. Huobi, a Chinese crypto exchange will soon be operating in the U.S. according to their latest announcements. The company is already registered …
South Korea internet, telecommunications, and gaming giants have invested heavily in leading crypto exchanges in the country. This is through funding Korbit, Bithumb, and Upbit. The leading corporations in South Korea in the areas of insurance, telecommunications, gaming, and Internet are entering cryptocurrency markets through funding up-and-coming exchanges. More specifically, they are funding Korbit, Bithumb, …
South Korea is not only attracting international crypto projects but also the county’s ecosystem is enhancing rapidly. S. Korea is the best instance, with all factors that could play well for any country to become the first one that runs on crypto. South Korea could become the first nation that runs on cryptocurrency: with the widespread …
Zebpay head says people should also understand risks given the volatility in the markets and also consider starting to invest in small portions. Additionally, he says cryptocurrencies should be good news to India given that the country has largest inward remittance market at over $70 billion per year. Zebpay Head of Exchange, Nischint Sanghavi is …
Twitter is banning cryptocurrency-related ads on Tuesday, following the Reddit move in 2016 and joining advertising giants Google and Facebook to protect the investor from media hype of potential fraud or large investor losses. Twitter, a social networking website and a huge cryptocurrency advertisement platform states that it will step ahead for a global …
Andy Bauch wants to help you to artistically visualize and understand the rather abstract concept of cryptocurrencies, all without a need for computer science studies. His artwork hides Bitcoins and you can buy and crack the code to reveal the address and win the money in the wallets. If you are an art fanatic …
Golix is already offering citizens the opportunity to enter into global cryptocurrency markets. Amidst tough economic times in the country with extensive inflation in the last decade. The crypto exchange is planning to expand in other parts of Africa. Golix is the only indigenous cryptocurrency exchange operating in Zimbabwe and is set to open …
Harsh sentiments reveal that the decision to not require crypto mining firms with cheap energy are politically motivated. Moreover, they say it is not in line with what the previous governments were seeking to accomplish and defy past plans by the energy firm. Quebec Premier recently announced that anyone who intends to move cryptocurrency mining operations …
The world’s largest cryptocurrency exchange Binance is opening a base in one of the world’s smallest island states. Joseph Muscat, a Maltese politician re-elected as Prime Minister on the 3rd of June 2017 embraces the cryptocurrency exchange, Binance. Other colleagues’ groups along with Prime Minister welcomes Binance and desire for Malta to known as the …
According to the report from the Wall Street Journal, the US Securities and Exchanges Commission (SEC) is allegedly preparing to investigate nearly 100 cryptocurrency-based hedge funds. The US Securities and Exchange Commission (SEC) will inspect dozens of cryptocurrency hedge funds. In order to prevent people from their risky trading policies and higher fees vs. traditional …
The stock exchange crypto brokerage services will involve provision of data benchmarks and indices based on information from various cryptocurrencies, to investors. The move is meant to institutionalize cryptocurrencies. TMX Group’s subsidiary Shorcan Digital Currency Network is partnering with PayCase Financial to launch a brokerage service that will provide data and investment advice to investors regarding cryptocurrencies. Through the platform, investors will access data relating to the ongoing status …
The Yahoo Japan, company will buy shares in a local exchange at a cost of 2 billion Yen. The cryptocurrency exchange will launch this April and success expected after one year. Yahoo Japan will, reportedly, start a new cryptocurrency exchange tying up with BitARG — an exchange platform — in Japan. The platform will be an exchange for people to buy and sell Bitcoins. According to official sources, Yahoo Japan will acquire 40 percent of BitARG exchange as well as will launch the fully-fledged exchange in April …
Stakeholders resolved in December to have the bank explain the policy about financing oil-sands. Thus, the loss might incur and whether the move is consistent with the 2015 Paris Climate accord. Some stakeholders want JPMorgan Chase & Co. to disclose the risks involved in its lending and financing of oil-sands producers and pipeline companies. One …
Although the value of cryptocurrencies and number of crypto and blockchain projects increasing, not many people understand them. Perth Angels, through the masterclass, will help more people understand the technology. Perth Angels to partner with Digital Capital Management The Perth Angels is an early-stage private investment network, is partnering with a digital currency firm …
German researchers detected about 1,600 files of non-financial data and other unpleasant content within a system of Blockchain, including links to child pornography. Experts are still discussing how cryptocurrency or underlying blockchain technology stands with their promises for applications in different sectors. RWTH Aachen University’s researchers determine blockchain behind child pornography Recently, RWTH Aachen University’s researchers presented …
Minister of Trade and Industry said it is an opportunity to create jobs and grow economy. Moreover, the country, which has favorable climate and tax code for crypto mining operations. It wants to encourage opening of more data centers. BitFury announced Tuesday the plans to expand its mining operations into Norway, and the government welcomes …
SZSE is suspicious that some companies are raising untrue claims of partnering with companies or launching blockchain-related projects, with an intention of driving up share prices. SZSE is investigating another company in relation to blockchain claims. China‘s Shenzhen Stock Exchange (SZSE) has requested Lifesense to explain an announcement they made on Monday that they …
OECD statement are part of its larger initiatives to help countries fight tax evasion. It says cryptocurrencies need checking to not undo the progresses made in fighting tax evasion, globally. Organization for Economic Cooperation and Development (OECD) says governments need to do some more work to harness opportunities presented by blockchain technology and cryptocurrencies. Meanwhile …
Coinbase, the cryptocurrency trading platform is intending to purchase Earn.com, online money making platform, formerly called as 21.co. Introduction to the Famous Crypto Actors: Coinbase & Earn.Com Coinbase Launched in the year 2012, Coinbase is one of the notable and most reliable cryptocurrency exchanges. Currently, it serves over 10 million customers, spanning across 32 countries including the …
Upbit, South Korea’s second largest and world’s fifth-biggest cryptocurrency exchange is planning to launch new cryptocurrency index called UBCI (Upbit Crypto Index) Business Expansion using new Upbit Crypto Index A report by Business Korea was noted that the company operating Upbit, Dunamu. The primary aim is to provide this cryptocurrency index in order to make …
The regulations will help boost collaboration between fintech companies and banks as well as with the government to remove barriers that help them grow domestically and internationally. The initiatives will help manage risks of use of cryptocurrencies and harness any benefits U.K. will launch a cryptocurrency task force and other fintech initiatives according to a …
Prohibition on cryptocurrency can be considered as the great move by the Google, Facebook, and Twitter. This may tackle scammers using cryptocurrency ads to promote their illicit online systems. In fact, a ban on cryptocurrency ads will have no longer effect on legitimate crypto businesses. Recently, the two giant online advertising platforms Google and Facebook …
The US Treasury Department issued procedure on how Office of Foreign Assets Control (OFAC) could include cryptocurrency address to the sanction list of the country. The US Department of the Treasury has declared it might sanction cryptocurrency addresses in cases where officials find them connected with blacklisted individuals. Department mentioned in the guidelines saying that …
In an interview with British newspaper The Times of London, CEO of Twitter and payment service Square, Jack Dorsey said that he envisions Bitcoin as the world’s single future currency within 10 years. Jack Dorsey has commented on his strong conviction in the upcoming potential of Bitcoin. Bitcoin, a leading cryptocurrency will overtake the US …
Cryptojacking became popular last year as Bitcoin prices skyrocketed. Symantec blocked various attempts last year and said the operation results in heating of batteries and slowing down devices in addition to increasing bills A new report released by Symantec says that hijacking of computers for purposes of unauthorized mining of cryptocurrencies increased by 8500 …
Reddit moderators updated recent policy by creating new subreddit called r/cryptocurrencymemes. It is in use for the memes and shilling sort of content. Reddit is the online and most powerful destination to discuss regarding cryptocurrency and the emerging blockchain technology. A huge number of users subscribe to heaps of subreddits where industry experts, optimistic investors, …
Medicine Hat says it will use the opportunity to diversify economy. Hut 8, which say it will start construction right away, will employ 42 people in the new mining facility. Hut 8 Mining Corp, which has been expanding its cryptocurrency mining operations in Canada, entered a deal that will see it receive 42 megawatts of …
The Internal Revenue Service (IRS) released guidelines in 2014 stating that it would treat cryptocurrencies as assets. Since then, there has been a lot of discussions about the same. The new guidelines would mean capital gain taxes also apply to hard-forked cryptocurrencies. The Internal Revenue Service (IRS) guidelines issued in 2014 about how to …
That NSA would launch the program overseas to track targets is “pernicious” according to a professor. Not only such extensive moves violate privacy but also reveal the extent to which some government-backed institutions and individuals with vested interests can go. Some of the programs in the web and crypto world that promise users huge …
Financial Stability Board told G-20 in a letter that cryptocurrencies do not pose any threat to global financial systems at least for now. This is because their combining market value is less than 1 percent of the global GDP. The Financial Stability Board, which a global regulation watchdog for G-20 economies, said in a letter …
The first token will be pegged on the U.S. dollar. The company says it hopes the token can be a stabilization service for utility tokens and become a stablecoin. The search for a more stable coin that can trade in and out of government-backed currencies while still maintaining its “taste” as a cryptocurrency is …
Regulation lies at the centre of cryptocurrency —- while government of various countries ban ICOs, social and search giant also commenced following the ban the foot. But the leading financial services organisation, Mastercard is supporting cryptocurrencies as long as they are backed by Government Mastercard to deal with National digital currency – Rest other currencies …
On Monday, junior finance minister of Britain, John Glen announced that the UK government and regulators will introduce new research aimed to flesh out the potential risks from cryptocurrencies like Bitcoin. Cryptocurrency Menaces The national regulators have warned investors and traders on the danger surrounding of a crypto market. Cryptocurrencies have been unregulated, illiquid, and …
Both companies assume very different approaches in making processors and CPU and GPU cards. Nvidia’s GPUs, though more expensive, are very popular with cryptocurrency miners, practically for the benefits they deliver in terms of profits. Nvidia and Intel both adopt different approaches in the making of processors. Nvidia says to incorporate thousands of cores in …
Knowledge.io, the platform calculates rewards based on the user’s knowledge and expertise of topics. The algorithm will help match users’ knowledge on topics to products and services, thus helping to optimize ad targeting by marketers and advertisers. Ohio-based Knowledge.io is an advertising platform where publishers can host content on any topic and advertisers and marketers …
On Monday, President of America, Donald Trump sanctioned an executive order to prohibit the purchase of Petro, Venezuela’s new national cryptocurrency by the American citizen or by anyone inside a US province. The Trump administration has banned the usage of the Venezuelan cryptocurrency. Previously, President Donald Trump said to be preparing to sign an executive …
Federal Trade Commission registered a complaint against two company viz. My7Network and Bitcoin Funding Team. A lawsuit was filed because they have allegedly defrauded nearly 30,000 people globally. According to the lawsuit, the operators were promoting cryptocurrency scams on social media platforms including Twitter and Youtube. Global Cryptocurrency Regulation Regulators worldwide are grappling with ways …
Gabriel Jimenez is working with the government in a move he sees as helpful to Venezuela’s current problems. Investors have already committed to buy more than $5 billion worth of Petro cryptocurrency. U.S. is fearing that other countries facing sanctions could follow Venezuela route. One of the persons behind the Social Us, a company …
Iceland and Sweden are natural choices when it comes to cryptocurrency mining operations. Their inexpensive electricity and cold climate make mining friendlier naturally. Bitcoin mining is popular in Iceland for two reasons; first, it is very cold and second it has vast amount of renewable energy and therefore lots of cheap electricity. The country, which …
Yes!!! You got it right, very soon Twitter is going to join Facebook and Google in breaking down on cryptocurrency ads. The ban will be against ads on ICOs, cryptocurrency and wallets. It could also include banning cryptocurrency exchange but with several exceptions. Twitter has reached on Sky’s news report on Monday that the step …
The CEO of the Ripple, Brad Garlinghouse has claimed that lawyers are the actual winners in the cryptocurrency space. Brad Garlinghouse, CEO of the Ripple stated that the winners in the flourishing practice of Initial Coin Offerings will exist from the legal community. Initial coin offerings or ICOs are managed by the different startups in …
BMO joins other banks that have banned credit card crypto purchases citing high risks and volatility. The bank is, however, among other banks working with IBM for a blockchain-based trade platform to improve security and speed of transactions. The Bank of Montreal (BMO) customers will no longer purchase digital currencies using BMO Mastercard credit cards. …
NITI Aayog will first identify areas where the blockchain technology will be implemented. And then a national strategy on the use of blockchain will be developed. It is consulting with various ministries on the same NITI Aayog to plan Blockchain Technology Strategy India’s national premier think tank NITI Aayog is looking to implementing blockchain in …
Circle is making great strides to expand after acquiring Poloniex exchange and is moving to the U.S through a new app “Circle Invest”. The app will let users trade a variety of crypto assets. Circle Invest – Crypto App for Investors The circle has launched a new crypto exchange app called Circle Invest, moments …
The startup recently acquired Poloniex crypto exchange and plans to expand its services globally, starting with Asia. The Circle is optimistic on cryptocurrency and says it wants to add more market options for traders. Circle Internet Financial Ltd., a mobile-payments firm which recently announced that it has acquired Poloniex cryptocurrency exchange. It is planning to …
Loom Network is the first production-ready platform that could increase the capacity of Ethereum network and leapfrog ongoing efforts such as Raiden Network and Plasma. However, the security drawback is because it is centralized. Loom Network has released what could be a production-ready solution to Ethereum’s current scaling problems. It allows the deployment of scalable …
Grayscale’s new funds will allow people to invest in price movements for the various popular cryptocurrencies. It includes Bitcoin Cash, Ether, Litecoin and Ripple’s XRP, in addition to Bitcoin. The company also runs the Digital Large Cap Fund that allows investment for a combined basket of cryptocurrencies. Grayscale is adding four new cryptocurrency investment funds …
The blockchain startups to grow bigger and faster. The move follows cancellation of a partnership between Huobi and SBI Holdings to launch cryptocurrency exchanges in Japan. Huobi Labs, the incubator arm of Huobi, has entered into a partnership with Washington D.C.-based blockchain to help blockchain companies around the world and accelerate their development. Founder of …
With the new futures contracts, the traders will deliver the underlying Bitcoins after settlement. The contract differs from the cash-settled futures contracts from CBOE and CME Group and other players. Coinfloor will launch a futures exchange and the first physically delivered Bitcoin futures contracts next month. The physically delivered contracts will help liquidity providers to …
New York making a hard stance on cryptocurrency for saving high electricity bills produced from cryptocurrency mining operations. The state is ill-fame for its stiff attitude on cryptocurrency ever since the introduction of Bitlicence. Recently, though it struck a big indenture with a Bitcoin mining company called Coinmint who had made $165 million. A change …
South Korean prosecutors raided three cryptocurrency exchanges suspecting misappropriation of user funds. According to the local news reports, South Korean prosecutors are considering three cryptocurrency exchanges in doubt of purchasing Bitcoin with money they stole from customer’s accounts. Exchange staff and executives are suspects of diverting money from the account of users to their personal …
The consortium of companies joined among others Maersk and Japanese shipping firm Mitsui OSK Lines working with IBM for blockchain solutions. The results of the test of the piloting show that the technology can cut down costs and improve supply chain visibility. Shipping companies have been experimenting on blockchain and the latest entry is …
Google follows steps by Facebook which banned ads from cryptocurrency-related operations including ICOs and binary options. Its ban takes effect this coming June. Google is next after Facebook to crack down on crypto-related ads according to their latest announcements. It says in its annual “trust and safety” ads report that many companies advertising binary options, …
John McAfee is advising CryptoSecure, which is working on a blockchain-based hack-proof solution. Key Capital, the company leading development at the blockchain startup, had its shares shoot by 400 percent after the announcement. John McAfee of the McAfee antivirus is back again in the crypto arenas, this time advising a cryptocurrency startup called CryptoSecure …
Electronic Frontier Foundation joins many other companies that added Bitcoin Cash as a payment option. Microsoft, Tor and Overstock.com also accept Bitcoin and Bitcoin Cash payments. Electronic Frontier Foundation (EFF) is the latest of the many organizations to list Bitcoin Cash as a payment option. The company has been accepting Bitcoin, Credit Card and PayPal …
Yang Chin-long, the new governor of Taiwan’s central bank said speculation has taken over from cryptocurrencies’ original role as a payments tool. Earlier, Yang Chin-long while still as a deputy chief of Taiwan’s central bank stated that the banks are commencing the estimations of the advantages and trials of virtual currencies backed by several central banks. …
One of the largest cryptocurrency exchange, Coinbase has two updates to share, firstly, the UK’s Financial Conduct Authority (FCA) has granted an e- money license. Another update is that Coinbase is the first ever crypto exchange to support quick payment scheme in UK. The FCA’s license will allows Coinbase to issues e-money and provide quick …
Philippine Senator Leila de Lima geared up to introduce the tougher penalties for taking part in cryptocurrency related crimes. An opposition Senator in the Philippines, Leila de Lima issued a bill to impose stringent penalties for involving in virtual currencies like Bitcoin. According to Senate Bill (SB) No. 1694 released in a March 13 press …
A large number of companies are stepping ahead to paycheck their employees with cryptocurrency. Hence, the concept might be alluring to some organizations. But, there are numerous adversities for the extensive adoption of such prospects. Employees who add their income on digital apps and work on their schedule can dwell in a dynamic way than …
A famous calendar app for the Mac has disappeared from the Apple’s App Store for the mining cryptocurrency without the permission of users. Calendar 2, Apple’s free Mac application Calendar has vanished from the App store after addition of an option that enables users to mine cryptocurrency, to crack premium features. A story by Ars …
Most of the funds or about 22 percent was lost through fraud in the first two months of this year. If the trend continues, cryptocurrency projects would lose more than $3 billion by the end of this year. Bitcoin.com website has found out in their recent investigation that fraudsters stole $1.36 billion worth of cryptocurrencies …
The Virtual Commodity Association will have regulations about information sharing, cybersecurity and fiscal responsibility. Members will have to comply to these regulations to remain members. The two brothers see it as the next step in the maturation of crypto markets Winklevoss twins have proposed to create Virtual Commodity Association, a self-regulating organization that would police …
The two revive the debate about possibility of central bank backed cryptocurrencies. On a note, they can improve on the challenges of centralized banking systems as exposed by Bitcoin and other cryptocurrencies. Bank for International Settlements (BIS) also said central bank backed are a possibility but could drain banks’ digital resources in times of financial …
Square started testing Bitcoin trading features last year and rolled out for more customers in December. It excluded four states with strict regulations. However, users in Wyoming can also trade on the app following passage of regulations that favor crypto services. Digital payments company Square confirmed on Twitter on Tuesday that they want a license …
Thomas Reuters Corp with partnering Marketpsych Data LLC, launches a new version of its Marketpsych Indices (TRMI). It helps to scan over 400 cryptocurrencies website to detain market views and themes. Also, the sentiment data feed paves the way to analyse bitcoin market sentiment. The information and mass media firm, Thomas Reuters can be a …
Customers of Coinbase will be able to pay for the products by scanning code on the Coinbase wallet. The company will accept payment in a variety of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Reis & Irvy Inc will be the first to accept cryptocurrency in exchange for a range of frozen yogurt and …
Binance has also created a kitty for future bounties and calls on other platforms to do so saying that this will prevent hacking activity. The exchange suffered hacking threats to its trading bots last week although it says all funds are safe. Binance is offering a US$250,000 bounty to anyone with information leading to …
More millennials are dealing with Bitcoin and cryptocurrencies in South Korea than in the United States. 70 percent of those surveyed in all age groups say they are using it as an investment. Older people are investing more money in cryptocurrencies in terms of total value. Korea Financial Investors Protection Foundation has reported that one …
The moratorium will affect large mining farms using more than 250-kilowatt hours and exclude hobbyists. The city is set to welcome many mining farms due to lower electricity rates but this would put pressure on utility forcing it to but more costly power in the market. The city of Plattsburgh is proposing an 18-month moratorium …
Users will not need to download entire plasma history hence the amount of data to be downloaded less. This will increase computational potential. It can also help protect exchanges against massive hacking Ethereum unveiled a scaling solution for Plasma, targeted at improving the computational potential of its blockchain. Founder of Ethereum Vitalik Buterin revealed the …
The president of Venezuela, Nicolas Maduro said Petro cryptocurrency had raised $5 billion during Pre-ICO. He also noted that this cryptocurrency had strengthened the country’s international reserves. The Petro, the world’s first national cryptocurrency developed by the government of Venezuela made available in pre-sale through an ICO. Formerly, Venezuelan president Nicolas Maduro said that it …
Blockrize, San Francisco based startup intends to reward its customers with the cryptocurrency of their choice for purchase. The CEO of Blockrize credit card, Thomas Harrison will provide fee-free cryptocurrency to the value of 1% rewards for each purchase made in the form of Bitcoin (BTC) and Ethereum (ETH). This will be added to the …
It is expected that 2018 will be the year of blockchain technology. Meantime, there will be some growing barriers for the startups because of the cryptocurrency enforcement. In the year 2017, we have been observed considerable speculation about cryptocurrencies. Along with other virtual currencies, Bitcoin almost reached the top with the price of $19,000. However, …
Tiago Maximo who owns Urban Shepherd boots wants to try accepting Bitcoin payments for his sales in addition to expanding the business online. Tiago Maximo who runs the Urban Shepherd boots business says his profits are minimal given the high charges by banks and credit card terminals when doing transactions. The company makes traditional Portuguese …
The Quarnot C1 costs a lot but it is innovative and usable in home environments. It does not pack a hard drive or OS but is controlled via phone to mine cryptocurrencies. A recently launched Quarnot’s QC1 heater not only helps keep your house warm and more livable during winter months but could also pay …
Monero V will be forked out of Monero and will have mining features. The date was postponed due to a number of issues including problems with storing the coins locally. Also, the problems with software updates and need for more time to check privacy issues. Monero V, a fork of Monero is on way! …
25 customers operate in the global trade, 14 in food tracking and 14 in global payments. Companies can use their permission blocks to have just part of the information viewable in public domain. Walmart, Visa, HSBC, and Nestle are some of the IBM’s 63 blockchain clients according to their update to investors on Thursday. Together …
Gemini’s addition of Bitcoin Cash and Litecoin might mean their Bitcoin futures partner CBOE will also move on with expansion. The Winklevoss said they are pleased with the latest move by SEC to require crypto exchange platforms to register with SEC. Crypto trading platform Gemini Exchange, Winklevoss twins, the owners will add Bitcoin Cash and …
SEC and CFTC gave a presentation to a congress committee where they called for a need to have coordinated efforts in coming with viable regulation. Both alluded to the need for a regulation to curb misuse of the innovation. Regulators in the U.S. have repeatedly alluded to the need for appropriate regulation on ICOs, cryptocurrencies …
The worlds ultra-rich invest their wealth into the cryptocurrency marketplace, although indistinct of term cryptocurrency says Wealth Report survey by Knight Frank. According to the latest annual Wealth Report survey by Knight Frank, around 21 percent of the wealth consultants and private financiers said their clients intensified investment in cryptocurrency in 2017. This is an …
Australian Federal Police held two IT staff from the Australian Bureau of Meteorology for allegedly mining cryptocurrencies using the organization’s robust computers. According to the report, Australian Federal Police questioned two Bureau of Meteorology employees for using bureau’s computers to mine cryptocurrencies. AFP officers produced a warrant at the bureau’s Collins Street headquarters in Melbourne …
State of New Jersey Bureau of Securities has released a cease-and-desist order to an ICO endorsed by film actor Steven Seagal. A few days ago, Steven Seagal, American actor, and martial arts expert praised a potentially imprecise cryptocurrency startup called Bitcoiin. Bitcoiin is an Ethereum based token that is not associated with Bitcoin but promotes …
The malware tried to replace legitimate Windows platform processes on users’ machines by injecting or infecting them with illegal code. It could then return them to masquerade as legitimate processes while mining cryptocurrency. Microsoft says most of the attacks took place in Russia. A massive Dofoil Trojan attack this week targeted to install crypto mining …
SEC believes cryptocurrencies are here to stay and wants to open dialogue with leaders in the space regarding regulation. Chairman Jay Clayton has asked ICOs and crypto companies to comply with a law saying they are watching them Many ICOs and cryptocurrencies so far held or being held can be categorized as securities according to …
HashBrasil announced a suspension of their activities on March 1 following the threats. Regulators in Brazil have said cryptocurrencies are not a financial asset and direct investment and therefore disallows. HashBrasil, a local bitcoin mining investment now stands suspended by the Securities and Exchange Commission of Brazil (CVM) because of offering securities to the public …
Cryptocurrency scams are still popular on Twitter. Scammers are now stealing from people by pretending to be famous companies and individuals in the crypto space. Jack Dorsey has said Twitter is fixing the problem Cryptocurrency scams with verified Twitter accounts are still commonplace. For instance, Buzzfeed highlighted a case targeting The latest twist relates to …
Wu-Tang Clan is taking a second shot on cryptocurrencies after last year’s launch of Cream Capital. However, which did not manage an ICO finally. The crypto will support rapper son’s album launch and be using to buy merchandise and access events The estate of the late Wu-Tang Clan rapper Ol’ Dirty Bastard is teaming up …
Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed. He also addressed users to secure their accounts against future phishing attacks. On Wednesday, Binance, the renowned cryptocurrency exchanges in the world by volume has been hacked. Binance users complained about Reddit and Twitter by stating their altcoins had been …
Japan Bank Consortium to release Ripple powered mobile app for on-demand domestic payments in Japan. It will be launched by 67 banks and seeks to remove friction in the current domestic payment markets in Japan. It will also facilitate cross-border payments and make them cheaper, faster and more secure The Japan Bank Consortium will use …
Crypto mining activity over the web scripts doubled last year compared to 2016. It also increased in December and January. More companies in the entrepreneur or business environment are on target. Cyren Security Lab has found a 725% increase in the number of domains running crypto mining scripts in one or more of their pages …
Former agent Moriuchi says they know from defector testimony that the country has crypto operations in various countries. She says they do not see the sale of North Korea’s Bitcoin mining operations Priscilla Moriuchi, a former top National Security Agency official, says U.S.’s sanctions on physical products from North Korea. It won’t stop the country’s …
The system is meant to eliminate latency or delay in confirming cryptocurrency transactions. PayPal has filed a patent for a system related to Bitcoin and which targets at expediating virtual currency transactions and improving anonymity. The “expedited cryptocurrency transaction system” filed with the US Patent and Trademark Office. It describes a system that creates primary …
The two stopped accepting deposits as early as January 1 and asked clients to withdraw funds by March. BTCXIndia will now focus on blockchain consultancy services hoping the government will learn the benefits of blockchain and adopt viable regulations BTCXIndia and ETHEXIndia cryptocurrency exchanges have both suspended cryptocurrency trading on their platforms starting this Monday …
Walmart to use the “smart package” innovation will work with other innovations such as “autonomous vehicles” and drones. It improves on package security and package tracking. Walmart wants to use blockchain to make shipping of packages smarter by way of better tracking. The company details an original package that uses blockchain to record information about …
KaratBank crypto is reportedly pegged on the value of the gold from CashGold, but suspicions of scam are surfacing. For instance, the company was ban in Canada in 2014. It is currently holding a pre-ICO. KaratBank has launched KaratBank Coins (KBC), crypto pegged on gold. The company is a sister company of Germany-based KaratBars International …
Porsche blockchain project might offer insights on how blockchain will be used for autonomous cars in the future. Volkswagen and IOTA are also working together on a blockchain project. The blockchain is also being apply to the improving supply chains by various companies SUV manufacturer Porsche, which is also a division of Volkswagen became the …
Mexico wants to regulate cryptocurrencies through a bill that is now set for the final signing by the president to become law. The regulation gives central bank sweeping powers to decide which cryptocurrency trades in the exchanges. Mexico is now part of the few countries that have so far put into place new legislation meant …