South Korea will invest heavily in emerging technologies in 2019, one of which is blockchain technology. The move was announced by the country’s Finance Minister, Kim Dong-yeon, during a recent cabinet meeting. As part of its plan to spearhead innovative growth, the government will invest $4.4 billion in eight sectors […]
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McAfee’s ‘Unhackable’ Crypto Wallet Hacked
When John McAfee described the Bitfi crypto wallet as unhackable, it quickly drew many people’s attention. For users in constant fear of having their crypto assets stolen by cybercriminals, it was reassurance. For computer experts, however, McAfee’s proclamation was taken as a challenge. Less than two months later, a number […]
ChainXchange Day 2: Thomas Lee, Paul Krugman Discuss Bitcoin Longevity
The second day of Las Vegas Blockchain Week and the ChainXchange blockchain convention has concluded. Today’s activities included discussions and lectures carried out by prominent cryptocurrency supporters and skeptics, including representatives from Ripple and NEM, as well as Nobel Prize winning economist and perpetual crypto bear Paul Krugman. In the […]
Bitcoin Price Watch: Currency Briefly Falls Below the $6,000 Mark Before Recovering
At press time, the father of cryptocurrency is trading for just over $6,000. This is about $200 less than where it stood during yesterday’s afternoon hours. The coin is continuing to fall deeper and deeper into red territory, though this price is an improvement over where it stood during the […]
Commonwealth Bank of Australia Partners With World Bank to Issue First-Ever Blockchain Bond
The Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to issue the world’s first bond created, allocated and managed on the blockchain. Once issued, the bond will be managed by the World Bank in Washington and CBA in Sydney over a private Ethereum-based blockchain, with CBA […]
FinCEN Receives More Than 1,500 Crypto-Related Complaints Every Month
The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from money service businesses (MSBs), stakeholders in the digital currency industry and other financial institutions. The director also noted that the agency has been […]
Turkey’s Currency Instability Pushing People to Bitcoin
Remember when cryptos were deemed unusable because, unlike fiat, they were volatile? The tables are gradually turning and Turkey is the latest case. The country’s currency, the lira, has recently experienced a drastic drop in its value relative to the US dollar which has quickly drawn comparisons with Bitcoin. Faced […]
Trading Bitcoin Declared Illegal in Saudi Arabia Despite the Great Strides Made
Trading cryptocurrencies is illegal in the kingdom of Saudi Arabia, as they are high risk to traders and are out of the government’s supervision. This is according to a statement issued on August 12 by a standing committee comprised of regulators from various government institutions. The statement made it clear […]
ChainXchange Day 1: Wired Editor-in-Chief Talks AI, Automation, Blockchain
With the opening night of ChainXchange blockchain convention, Las Vegas blockchain week is officially under way. Tonight’s main stage was headlined by World Food Programme CFO Houman Haddad, Wall Street Journal Deputy Editor Sam Walker, and Editor-in-Chief of Wired Magazine, Nicholas Thompson. The theme of the night, and the convention […]
Bitcoin Price Watch: Currency Falls Again, but Volatility Doesn’t Look So Bad
At press time, the father of cryptocurrency has fallen by roughly $200 from where it was over the weekend and is now trading for just over $6,200. One source claims that bitcoin isn’t “doing too bad” when compared with other forms of digital money. The currency’s market dominance has shot […]
Now Blockchain Marketplaces Are Made in China Too
You’re used to just about everything you pick up having a “Made in China” label on the box. But the world’s largest manufacturing economy is moving into marketplaces as well – decentralized marketplaces, that is. And just like every other area, they’re getting pretty serious about it, too. Functioning decentralized […]
Is Stellar Superior to Ethereum in Terms of Scaling?
Scaling is one of the biggest problems in the world of blockchain and cryptocurrency. It is causing a fair few issues for projects which are currently being built on top of the Ethereum network. Various companies have switched to a different infrastructure, and it seems Connecty is doing the same. […]
Bitcoin Price Watch: Currency’s Market Dominance Grows Stronger
At press time, the most well-known and largest cryptocurrency is still trading in the $6,300 range. This is exactly where it stood yesterday and the day before, suggesting that bitcoin has found some sort of “comfort” where it is and is refusing to move up or down. According to one […]
EOS Price: Dip Below $5 Looms as Momentum Sours Yet Again
Most of the positive momentum forming across different cryptocurrency markets earlier today has completely evaporated. The coming week will be another tough nut to crack for Bitcoin and the thousands of alternative cryptocurrencies. The EOS price is already feeling the pressure, as it is on the verge of dipping below […]
Pointless Crowdfunding Campaign Seeks to Identify Satoshi Nakamoto
One of the bigger mysteries in the cryptocurrency world is the matter of who Satoshi Nakamoto is. The infamous creator of Bitcoin and blockchain, Nakamoto is still an unknown individual or group to the rest of the world. A new campaign on Russia’s Boomstarter aims to collect capital to reveal Nakamoto’s […]
KuCoin FUD Campaign Showcases Toxic Nature of Disgruntled Crypto Users
Cryptocurrency users are some of the biggest threats to the future of Bitcoin and altcoins. Although that may not necessarily be a popular opinion, a recent FUD campaign targeted at the KuCoin exchange shows how some users are purposely destroying this industry from within. It’s a very worrisome development, although […]
Litecoin Price: Major Gains Push Value Above $60 Again
Today may prove to be a very interesting day for the cryptocurrency industry as a whole. A lot of currencies are in the green again, even though the overall momentum remains very brittle. The Litecoin price is going through a very positive spell right now, as its value has successfully […]
Bitcoin ATM Malware for Sale on the Dark Web
Malware targeting Bitcoin ATMs has reportedly been found online for sale on underground dark web sites that sell various illegal goods and services. The malware does not come cheap, as it is being sold for $25,000. The seller has reportedly received over 100 customer reviews, which indicates that the expensive […]