Search
Ethereum Foundation USD 100 Million Deal Raises Transparency Questions
16.12.2019
Source: iStock/Ivan-balvan
The waters of transparency issues have been stirred with Ethereum co-founder Vitalik Buterin saying that the Ethereum Foundation (EF) sold ETH 70,000 at the top. It was worth c. USD 100 million at the time, and less than USD 10 million today.
“I did get the Ethereum...
BitMEX and Arthur Hayes Now Have USD 300 Million Problem
12.12.2019
Arthur Hayes. Major crypto exchange BitMEX and its co-founder and CEO Arthur Hayes just got into another problem.
The company and its CEO are now being sued for USD 300 million by Frank Amato, a former JPMorgan Chase commodity derivatives trader, and RGB Coin Ltd., who claim to have been the first...
Market Update: Despite Uncertainty, BTC Longs Skyrocket
11.12.2019
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying...
This is How 'Sheep Investors' Helped Build Alleged USD 722M Crypto Ponzi
11.12.2019
Source: iStock/ridvan_celik
U.S. law enforcement has arrested three men in connection with a USD 722 million cryptocurrency mining Ponzi scheme that targeted thousands of investors the conspirators called “dumb” and “sheep.”
The U.S. Attorney’s Office for the District of New Jersey said yesterday...
Bitpay Launches Support For Three USD Stablecoins — But Not Tether
11.12.2019
BitPay is now formally accepting stablecoins for payment, but not the one which is by far the most widely used
Bitcoin Volatility To Drop in 2020; USD 10K - 'Just a Matter of Time'
9.12.2019
Bitcoin (BTC) price volatility is expected to decline next year, with the transition from a bear to a bull market seemingly over, while the cryptocurrency’s price is likely to continue grinding higher, according to a recent report released by Bloomberg Intelligence (BI).
While bitcoin’s rapidly...
Chinese Central Bank Issues USD 2.8m Worth of Blockchain Bonds
6.12.2019
Source: iStock/杨培培
The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China.
Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance...
Bitcoin Price Could Hit USD 5,000 Before Rallying – Tuur Demeester
5.12.2019
A popular economist said that Bitcoin (BTC) can go lower, meaning that we haven’t seen the bottom yet. However, that low is just a stop on a way to all-time highs, founder of Bitcoin alpha hedge fund Adamant Capital, Tuur Demeester, stressed.
“We are way above the bottom of USD 3,000 [and] I don’t...
Crypto Exchange Gemini Burnt One-Fifth of Its GUSD Stablecoin Supply
4.12.2019
Crypto exchange Gemini burnt about 20% of the supply of its Gemini Dollar stablecoin
Australian Police Seize Over USD 1 million in Crypto In Drug Bust
4.12.2019
As the Australian Federal Police are developing their tech capacities, a recent drug bust of a property in Western Australia allowed officers from the Technology Crime Service to seize not only illegal substances, but also more than AUD 1.52 million (USD 1.04 million) worth of unspecified...
Japanese Firm Good Luck 3 Raises 100,000 USD in Crowdfunding Campaign
4.12.2019
Having established itself as one of Japan’s renowned blockchain, entertainment, and production management studio, Good Luck 3, Inc. has started a Crowdfunding campaign through “FUNDINNO.” The strategically planned event was organized on November 27, 2019. Good Luck 3 is the proud creator of social...
British Virgin Islands Announce US Dollar-Backed Digital Currency
3.12.2019
The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory
‘Hack’ Worries as USD 79m of Altcoins Transferred from Upbit Accounts
27.11.2019
South Korean cryptocurrency users say they are in a “state of confusion” after reports of a possible USD 79 million hack on market-leading crypto exchange platform Upbit.
Per Chosun, a series of large altcoin transfers were made out of Upbit accounts at just after 1pm KST (4:00 UTC ) on November...
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
26.11.2019
BRICS countries are discussing the launch of a cross-national cryptocurrency to replace the U.S. dollar and enable freedom of trade
Bitcoin Price Tumbles Below USD 6.7K, Major Altcoins Bleed More
25.11.2019
After trading sideways during the weekend, the most popular cryptocurrency, bitcoin (BTC) took another hit in the early hours on Monday (UTC time), dropping below USD 6,700.
At pixel time (05:23 UTC), trades at c. USD 6,682. It's down by 7% in the past 24 hous and by 22% in the past week...
Cardano's Charles Hoskinson: USD 4bn Stellar Burn Was ‘Insanity’
22.11.2019
Charles Hoskinson. Source: a video screenshot, Youtube, Real Vision Finance
Cardano (ADA) chief Charles Hoskinson has hit out at the Stellar Development Foundation (SDF)’s recent decision to burn 55 billion XLM tokens – worth some USD 4 billion at the time.
Hoskinson stated that the move...
South Korea to Make Government-led USD 383m Blockchain R&D Drive
22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.
Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...
Backfire in Argentina: Citizens Want BTC Over Peso Amid USD Crackdown
21.11.2019
Following the crackdown on Forex by the Argentine government, the volume of P2P crypto trading has risen to an all-time high in the country
Watch Thieves Stealing USD 4K from Bitcoin ATM; Leaving USD 50K Behind
21.11.2019
Source: a video screenshot, Youtube, Castanet News
Two men walk into a grocery shop and commit a Bitcoin (BTC) ATM robbery.
No, not a joke, but actual news, and – in a twist of irony – an unfavorable example of crypto / blockchain adoption. Apparently, BTC ATM’s have become commonplace enough...
Bitcoin Cash Prices Enjoy Short-lived Recovery on USD 200m Fund News
21.11.2019
Roger Ver. Bitcoin Cash was briefly the only token in the green among the top 10 cryptocurrencies by market capitalization today – likely boosted by news of the launch of a new USD 200 million fund.
The token’s chief proponent, Roger Ver, announced yesterday that Bitcoin.com would be launching what...