• Tether’s bizarre recent history continues as developers report a hack worth over $30 million at market value. Tether: Huge Losses Counter Huge Issuance Following several weeks of increased issuance of Tether’s token USDT, which notionally acts as a US dollar replacement, a “malicious action” has removed almost 31 million from its Treasury wallet. “…We discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker,” an announcement read

    Tether Loses $30 Million to Hackers, ‘Temporarily Hard Forks’ to Prevent Spending of Stolen Funds

    | 2017/11/21 4:00 am
  • The Bitcoin wallet provided by Bitcoin.com is defaulting to Bitcoin clone Bitcoin Cash (BCH) instead of Bitcoin (BTC). Users sending Bitcoins to a BCH address could potentially lose their coins. The controversy was brought to light on a posting on Reddit’s /r/Bitcoin, where one user claimed that the Bitcoin.com wallet defaulting to a BCH wallet is a “scam”. The move is certainly confusing, as the Bitcoin.com wallet which defaults to Bitcoin Cash is called a

    Bait and Switch? Controversial Bitcoin.com Wallet Defaults to Bitcoin Cash

    | 2017/11/20 6:15 pm
  • As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales. Fraudulent ICOs Initial Coin Offerings, or ICOs, have become increasingly popular over the past year. Many interesting projects and startups have decided to raise funds through ICOs instead of through venture capitalists. According to the cryptocurrency statistics website CoinSchedule, over $3 billion was invested in many different token sales this year alone. The reason why so

    Investors Should be More Careful in Which ICOs They Invest

    | 2017/11/18 10:15 pm
  • Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months. Blockchain.com, the major electronic wallet, found its client base increase by 1.8 million during the same time frame. Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals

    How to Secure Your Cryptocurrency Wallet: 16 Simple Tips for Beginners

    | 2017/11/17 10:00 pm
  • The Lightning Network brought to Bitcoin with Segwit enables users to instantly exchange Bitcoin for Litecoin and vice versa. The first ever transaction between the two coins has now happened. Segwit (short for Segregated Witness) brought with it many new exciting features for Bitcoin when it was implemented in August this year, not least of them atomic swaps and the Lightning Network. The Lightning Network is an off chain network, that can, among other things,

    First Ever Cross Chain Atomic Swap Between Bitcoin and Litecoin a Success

    | 2017/11/17 2:30 pm
  • Bitcoin renewed its unrelenting trajectory into the stratosphere and reached a fresh all-time high of $8,040 USD during intraday trading on November 17, 2017. On the same date, a group of developers unsuccessfully attempted to implement the Segwit2x hard-fork. Segwit2x Revisited Bitcoin punctured the $8,000 USD resistance price level. The Bitcoin surge occurred as a group of developers attempted to implement the Segwit2x hard-fork of Bitcoin’s blockchain. However, as of this writing, the Segwit2x team

    Bitcoin Hits $8,000 as the Segwit2x Hard-Fork Fails

    | 2017/11/17 1:15 pm
  • The total cryptocurrency market managed to reach a market valuation of over $200 billion this year, and this has caught the attention of the entire finance world. Could Bitcoin Replace the Dollar? Cryptocurrencies were the clear winner of 2017. Major cryptocurrencies like Bitcoin, Ethereum and Litecoin have massively increased in value over the year, effectively outperforming investments like stocks, commodities, and bonds. The incredible performance of cryptocurrencies has given many skeptical people in the finance and

    Could Cryptocurrencies Take Over the US Dollar as World Reserve Currency?

    | 2017/11/17 7:00 am
  • Initial Coin Offerings (ICOs) are a new crowdfunding phenomenon that is making waves both in and outside of the cryptocurrency space. A recent report by Deloitte estimate that over 26,000 Blockchain Projects got started in 2016 and other estimates also put ICO funding near the $1 Bln mark for Q2 2017 alone. Crypto and ICOs The incredible amount of funds that have been gathered by projects doing Initial Coin Offerings has, in turn, attracted more

    Can ICOs by Mainstream Companies Lead to Cryptocurrency Mass Adoption?

    | 2017/11/16 10:00 pm
  • Santander and American Express have become the latest high-profile clients to use Ripple for cross-border payments. Ripple Cross-Border: Who Even Needs XRP? In an announcement today, the institutions announced a partnership with the Blockchain payment network to initially send instant payments between US and UK business users of Amex’s FXIP platform. UK Santander bank accounts will be able to receive the Ripple-based payments. In today’s press release, Ripple CEO Brad Garlinghouse said: We’re taking a

    Ripple Shoots Up After AMEX Deal and Secret US Bank Meeting

    | 2017/11/16 1:00 pm
  • A “malicious fork” of Bitcoin Cash has resulted in an increasingly bizarre social media war between the old and new chains. A New Bitcoin Clash Classic Is Born? Bitcoin Cash, just days after hitting record highs and plunging by 70%, now consists of the new ‘Bitcoin Cash’ chain and the legacy chain calling itself ‘Bitcoin Clashic.’ As Bitmain CEO Jihan Wu warned of a block mined under old protocol after BCH’s rules update November 13,

    Bitcoin Clashic? Bitcoin Cash ‘Malicious Fork’ Turns Weird

    | 2017/11/15 10:00 am
  • As the civil war between Bitcoin and Bitcoin Cash intensifies, a new contender is entering the battlefield on November 12, 2017: Bitcoin Gold (BTG). Bitcoin holders at the moment of the Bitcoin Gold launch are receiving an equivalent number of BTG. Bitcoin Gold Makes its Debut Bitcoin Gold is making its official entrance while Bitcoin Classic shuts down and the Segwit2x hard-fork is canceled. And, most significantly, a civil war is raging within the cryptocurrency

    Bitcoin Gold Enters the Civil War Battlefield

    | 2017/11/12 2:00 pm
  • Many celebrities are touting the possibilities of a number of crypto ICOs, and the SEC has now issued a warning to investors about being lured into spending money on an ICO solely based upon a celebrity endorsement. As long as there have been celebrities, they have used their fame and influence to promote certain products and services. The modern celebrity is no longer hawking a brand of cigarette or liquor; they’re now hawking the latest

    SEC Warns Investors About Celebrity Endorsements of ICOs

    | 2017/11/10 7:00 am
  • Bram Cohen, creator of the famous but faltering BitTorrent, has announced he is a step closer to “solving Bitcoin’s centralization.” Cohen: Chia Has Had ‘Very Hot’ Seed Investment Speaking to technology industry magazine TechCrunch, Cohen said the Chia Network, his long-hinted Bitcoin alternative, could launch by late 2018. Some coverage of my new venture https://t.co/tCER6YKn5R — Bram Cohen (@bramcohen) November 8, 2017 A “very hot” seed investment round has enabled the project to get off

    BitTorrent Creator Looks To Launch Bitcoin Rival Chia in 2018

    | 2017/11/10 3:00 am
  • As of September 2017, ICOs, or initial coin offerings, have raised over $2.3 billion. This amounts to almost $8.5 million a day. There was an incredible stretch over the four months beginning in Q2–$103 million was raised in April, $232 million in May, $462 million in June, and $574 in July. ICOs have become an attractive counterpart to traditional IPOs and venture capitalism, as ICOs are based on promising blockchain technology and typically have much

    5 Promising ICOs to Watch for in November

    | 2017/11/06 11:15 am
  • Russia-based farming cooperative announced the successful launch of its BioCoin ICO on November 1, 2017. In the first 12 hours, the ICO managed to raise close to $500,000 USD. BioCoin has the distinction of being the first token sale to be held in full compliance with Russian laws and is expected to become the poster child for the future regulation of ICOs in Russia. The ICO, which runs through December 1, 2017, follows a wildly

    LavkaLavka’s BioCoin ICO Underway, Raises Nearly $500,000 in First 12 Hours

    | 2017/11/03 11:45 am
  • The Securities and Exchange Commision released a public announcement that warns celebrities about endorsing potential unlawful ICOs and cryptocurrencies. The ICO Craze ICOs or Initial Coin Offerings have become the new trending investment opportunity of the year. According to the data from Coinschedule, there have been different ICOs this year which managed to raise the total amount of over $3 billion. The reason why so much money is being invested into ICOs is the fact

    SEC Warns Celebrities about Endorsing ICOs and Cryptocurrencies

    | 2017/11/03 8:00 am
  • Holding cryptocurrency is all very well, but these days it hardly seems to be used to pay for anything. Merchant uptake is slower than the momentum needed to reach the mainstream. The merchants still take cash, but transferring between the two is an extra step that we could do without. Paycent may just be the crypto-fiat bridge we are looking for, with a whole host of other benefits too. [Note: This is a sponsored article.] What

    Paycent – The Easiest Way to Connect Crypto and Fiat

    | 2017/11/01 2:30 pm
  • The Norwegian mining company Intex Resources ASA has announced its plan to launch the first ICO for an asset-backed token. Companies are Turning to ICOs for Fundraising Initial Coin Offerings have become the new popular method for companies and startups to raise money. This year most prominent ICO was conducted by the Canadian-based messaging app Kik. The token sale by Kik, which is also called Kin, was able to raise the amount of $125 million in a matter

    Norwegian Company Launches First ICO for Asset-Backed Token

    | 2017/10/30 11:30 pm
  • So we’ve all been allotted some more free coin, albeit this time ‘experimental’ coin… just for a laugh… a bit of fun… to see what happens. Planning on HODLing? Dumping? Mining for more? Whoa there Charley-boy, hold on to your horses. Before you get all excited, there are a few things you should know. Okay, Hit Me! Ummm… I’d love to, but to be honest there are a few things that I should also know. In fact,

    Bitcoin Gold – All that Glitters isn’t Gold

    | 2017/10/27 2:00 pm
  • Kyiv, Ukraine – Law firm Axon Partners, in conjunction with cryptocurrency consulting firm ForkLog Consulting, have released an English-language version of their comprehensive report on the regulation of Bitcoin and Bitcoin-related businesses around the world. What’s in the Report Titled Bitcoin Regulation: Global Impact, National Lawmaking, the report, which was published in its original Russian language in February 2017, details the regulatory status of Bitcoin and Bitcoin-related businesses in Australia, the United Kingdom, Hong Kong,

    Axon Partners and Forklog Consulting Release 2016 Report on the State of Global Cryptocurrency Regulation

    | 2017/10/26 1:00 am
  • Jeff Garzik, one of the original blockchain developers and co-founder of Bloq, will announce a new currency called Metronome later today. The “world’s first cross-chain currency” makes its debut at the Money 20/20 conference in Las Vegas, as reported by Bloomberg. Cross-chain currency? Their words, not mine. The idea is that Metronome will be the first currency which is portable across multiple blockchains. The example case given in the Bloomberg article is rather confusing, and suggests that coins “used

    Garzik to launch portable coin amidst SegWit2x ‘upgrade’ debacle

    | 2017/10/24 11:15 am
  • Bitcoin Gold (BTG) is due to fork from Bitcoin on block 491407 and all holders of Bitcoin can be credited an equal amount of BTG to their BTC. The new coin is being launched as a response to ASIC dominance. Bitcoin Gold is the latest Bitcoin fork with the split occurring on Bitcoin block 491407. The coin is seen by the developers as a response to the ASIC driven monopoly of the main Bitcoin chain.

    What You Need to Know About the Bitcoin Gold Fork

    | 2017/10/23 12:00 pm
  • Jordan Belfort, the infamous penny-stock broker formerly known as the ‘Wolf of Wall Street’  recently stated that ICOs are “the biggest scam ever”. The Hype is Too Real The whole cryptocurrency space has had an exceptional growth rate this year. The total cryptocurrency market capitalization recently reached its all-time high of $172 billion, which is pretty impressive since the last year the market cap was only worth $12 billion. Many experts and analysts have various

    Wolf of Wall Street Jordan Belfort: ‘ICOs are the Biggest Scam Ever’

    | 2017/10/22 7:45 pm