Category: News

Report Indicates Blockchain in Telecommunications Industry Will Flourish to a $1 Billion Sector by the Year 2023

According to MarketWatch in a report released on July 11, Blockchain will cause gains of $1 billion in the telecoms industry. The research-based report forecasts that this will happen over the next five years, by 2023. This news comes after a 132-page report was released by Research and Markets, a global market research store, who […]

South Korean Government Blamed For Not Doing Enough To Control Crypto Exchange Hacks

The South Korean government is not doing enough to fight Cryptocurrency exchange hacks in the country according to some critics. Three exchanges that had already gone through the government’s inspection have so far lost almost $1 billion to hackers. Meanwhile, Upbit, one of the largest exchanges in the country has dismissed rumors that its system […]

Unlicensed Localbitcoins Trader To Spend 12 Months In Prison

A Southern California court has sentenced a Localbitcoin trader for unlicensed money transfer and money laundering. The U.S. Department of Justice has established that the trader exchanged between $6 million and $9.5 million for various clients in the country. The trader has been identified as Bitcoin Maven and she will spend one year in prison. […]

‘Bitcoin Maven’ Trader on LocalBitcoins Sentenced to Prison for Exchanging Cash for Cryptocurrency

The justice department is making an example of what happens to investors that use unethical trading in the bitcoin market. Theresa Tetley operated under the screenname ‘Bitcoin Maven’. Based in Los Angeles, she worked tirelessly on the LocalBitcoins site to make trades of cash for cryptocurrency. However, she ended up earning more than money with […]

Blockchain Hack: Theft from Bancor Hacking Confirmed as $23.5 million

Bancor, a Tel Aviv-Israel based Blockchain startup firm has lost $23.5 million according to the latest reports. The information from the management reveals that the hackers inputted a malicious code in one of the wallets and were able to withdraw 229,356,645 PundiX (NPXS) tokens worth $1 million, 3,200,000 Bancor (BNT) tokens worth $10 million and […]

Japan’s GMO Internet Uses 7nm Rigs to Enhance Its Own Bitcoin Mining

Japan’s Internet giant GMO ventured in bitcoin mining in December last year and has released its mining report. During the mining exercise, the company used the 7nm rigs. GMO’s spokesperson spoke to news.bitcoin.com and provided more details about the project. GMO mins both BTC and BCH GMO has released a report about its mining activity, […]

Ripple Makes Waves with its Revolutionary Cryptocurrency Marketing Strategy

Most of the time, you look at a cryptocurrency business and see the same cryptocurrency marketing strategy that other entities use—people invest like they would in stock, earning shares of the company and other benefits. Other times, people buy coins to pay for the services that the site offered. Ripple (XRP), which is based in […]

China’s War On Cryptocurrencies Leads To A Decrease In Bitcoin Trading In The Country’s Currency

  • By Samantha Mitchell
  • July 9, 2018
  • 512 Views
  • 1 Comment
The central bank of China has reported a drop in Bitcoin trading in Renminbi (RMB) to below one percent of the global total. In 2017, the People’s Republic of China banned yuan-Crypto trade. Consequently, many Chinese Crypto businesses, among them some of the world’s top trading platforms ceased their operations in the country. The People’s […]

Special Account For Crypto Businesses By A German Bank

  • By Samantha Mitchell
  • July 9, 2018
  • 493 Views
  • 1 Comment
Solarisbank has launched a new banking service that will target blockchain and digital currency users. The Banking-as-a-Platform (BaaP) center has named the new feature the ‘Blockchain Factory.’ The Berlin-based institute will provide financial management services to businesses that employ Cryptocurrency solutions and blockchain. Cryptocurrency And Blockchain Firms To Now Have Special Accounts Although Cryptocurrencies have […]

Crypto Scams And How To Avoid Them

Cryptocurrency prominence is increasing and, as more people are coming into the trade, the more predators prey on innocent traders. No wonder top digital companies are banning crypto ads in their platforms. And it’s not just the innocent ones who get preyed, even for the specialists themselves, if you are not keen enough, you may […]
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