BITMAIN IPO MAKES CRYPTO INDUSTRY UNEASY
Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. As bitrix.fi reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion. […]
Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group approached and solicited Finnish businessman Aarni Otava Saarimaa in June […]
Keep Your Hands Off Cryptocurrency, Economist Tells World Governments
Prominent economist and editorial director of the American Institute for Economic Research (AEIR), Jeffrey Tucker, has urged governments and central banks around the world to let go of the idea of creating state-backed cryptocurrencies and instead focus on the soundness of the fiat system and the banking system. “Leave Crypto Alone” In an editorial published […]
Facebook’s David Marcus Quits Coinbase to Avoid ‘Appearance’ of Conflict of Interest
Facebook blockchain head David Marcus announced he was quitting his position on the board of U.S. cryptocurrency exchange Coinbase Friday, August 10, in a statement seen by various media outlets. Marcus, who joined the exchange’s board in December 2017 and took on a blockchain research group at Facebook in May, said he now thinks it […]
50% of Americans Willing to Try Out Bitcoin
A new poll conducted by analytics firm Harris Insights and cryptocurrency startup Gem revealed that 50 percent of the respondents are inclined to try out the asset class. The survey also revealed that those with lower incomes are more likely to buy Bitcoin. A new survey jointly held by a cryptocurrency startup and analytics company […]
Y Ventures Group Becomes First to Launch an ICO in Singapore
An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO. Y Ventures Group, which went public on the Stock Exchange of Singapore last year, announced a plan for creating a blockchain-based e-commerce system in July and sent the sale of its […]
The India Government to Consider Allowing Crypto Tokens
The government is considering launching crypto tokens for financial transactions in the country, even as the existing ban on cryptocurrencies is likely to continue, sources said. A committee studying the use of crypto assets is working on a set of regulations, and specific actions, including a roadmap for allowing cryptocurrencies in future, local news outlet DNA […]
Iranian Hackers Developing Ransomware for Bitcoin
As the US gets ready to impose sanctions on Iran, hackers in that country are working on ransomware to secure bitcoin, according to cybersecurity experts interviewed by The Wall Street Journal. Accenture PLC’s cybersecurity intelligence group has followed five Iranian built ransomware variations in the last two years. The hackers are hoping to secure payments […]
Vitalik Buterin: Decentralized Exchanges Should Lead The Way
During an interview at Tech Crunch Sessions: Blockchain 2018, Ethereum Founder, Vitalik Buterin hoped “centralized exchanges burn in hell as much as possible” as he strongly advocated for the use of decentralized cryptocurrency exchanges. Vitalik’s fiery comments stemmed from his annoyance towards centralized exchanges wielding “stupid king-like power” as they have the power to dictate […]
BITMAIN GOES WEST
Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town in America great again? That’s exactly what is happening in Rockdale, Texas, a small Central Texas town of 5,861 that has endured economic troubles since the last coal-fired power plant and mine closed in January 2018. According […]
Korean Police Raid Firm in Fraud ICO Probe of $130 Billion Shipwreck
South Korean police have raided the office of the company that claims to have discovered the shipwreck of a Russian pre-World War 1 battleship carrying $130 billion in gold bars and coins. On Tuesday, the Seoul Metropolitan Police Agency has raided the offices of Shinil Group, a cryptocurrency startup looking to sell treasure from a […]
Ethereum Celebrates its Third Birthday, a Look at its Past and Future
The Ethereum network has grown to be the second largest blockchain platform behind Bitcoin in a mere three years, all while changing the industry and allowing for new developments to be built on its blockchain network. The relatively young cryptocurrency grew at a rapid pace, and some analysts even expect it to outgrow Bitcoin in the […]
Crypto Markets Dump $15 Billion in 18 Hours
Markets have dumped overnight and the selloff has continued leaving crypto land in a sea of red this morning. Roughly $12 billion has been shed from cryptocurrencies on the day as total market capitalization plummets back to just over $270 billion. Bitcoin has lost around $500 equating to 5.3% at the time of writing. It […]
Interview With eToro CEO: Some Institutions Already Broke Into Crypto Market
Yoni Assia, the CEO of eToro, a major multi asset brokerage firm with more than eight million active users, has said in an exclusive interview with NewsBTC that some institutions have already broken into the crypto market. Institutional Investors are Already Present in Crypto Market Throughout the past few months, prominent investors and analysts including […]
Cryptocurrency Market Update: Polymath Pumps on Binance Listing
FOMO MomentsMarkets are back in the red; Polymath is pumping but Cardano, EOS and Stellar are getting hammered. The bears have regained control of crypto markets and the selloff has accelerated today. Market capitalization has fallen further, dropping below $290 billion as altcoins get offloaded. Recent SEC rejection of the Winklevoss ETF may have sparked […]
Gibraltar United Will Pay Players in Crypto Next Season in World First
A little-known European football club has become the first on the planet to introduce cryptocurrency payments for players. Gibraltar United will pay part of their player’s wages in the brand new Quantocoin. Gibraltar United Embrace Cryptocurrency as a Means of Payment Gibraltar United aren’t exactly the most prestigious football club on the planet. In fact, […]
Cryptocurrency Market Update: Waiting For Signals on a Flat Monday
FOMO MomentsMarkets are flat this morning with few coins moving; ChainLink doing well but Aelf, TenX and Bitcoin Gold suffering. As we start another working week crypto land remains flat after a weekend of inactivity across the markets. There have been virtually no movements in total market capitalization which remains under $300 billion. Bitcoin hasn’t […]
Can a Wind Farm Help Morocco Become the Next Bitcoin Mining Paradise?
A remote location in Morocco has become a strategic spot to build a 900-megawatt wind farm as bitcoin miners look for cheap electricity in order to set up their computing centers. The spot south of Marrakesh is likely to turn into a cryptocurrency mining hub as the ecosystem favors renewable energy rather than utility grids […]
Wanchain 2.0 Launches, CEO Says Crypto Will Have Huge Impact on Finance Industry
The CEO of Wanchain has said cross-chain support will have a “huge impact” on the traditional financial industry by linking it to the crypto industry. In an interview with NewsBTC, he discussed Wanchain 2.0, which was launched on July 23 with cross-chain interoperability. Wanchain Version 2.0: “Big Milestone for the Industry” Wanchain has three primary […]
Bank Broker TP Icap Eyes Entry into Cryptocurrency Sector
Interdealer broker TP Icap, one of the world’s largest institutions within the financial, energy, and commodities markets, is about to approach virtual currencies. It has set up a working group for the purpose of analyzing the best way to enter the burgeoning market and ecosystem. In 2017, the company had a revenue of $1.76 billion. TP Icap […]
