• EOS will be the victim of a “massive” exchange hack this year, developer and computer science professor at Cornell University, Emin Gün Sirer, has said. Hackers Will Exploit EOS ‘Vulnerability’ In a series of tweets June 18, the well-known cryptocurrency commentator claimed that in light of the projects teething troubles and governance model, a “vulnerability” will allow malicious parties to exploit EOS in the near future. EOS, which completed a record-breaking $4 billion ICO earlier

    EOS Will See ‘Massive Exchange Hack’ This Year, Cornell Professor Says

    | 2018/06/19 4:00 pm
  • It appears the days of John McAfee promoting initial coin offerings (ICOs) are over. In a tweet on June 18, 2018, McAfee announced his decision to no longer work with ICOs. McAfee Backs Out of ICO Promotions ‘Due to SEC Threats’ McAfee’s tweet was a response to a question posed by one of his followers, asking him to recommend a viable ICO investment. McAfee responded by stating he would no longer promote any ICO “due

    John McAfee Quits Promoting ICOs ‘Due to SEC Threats’

    | 2018/06/19 12:00 pm
  • Allegations of criminal activity continue at Skycoin as executives freeze funds to contain fallout from a theft by the coin’s own marketing team. 18 BTC, Skycoins Stolen In ‘Burglarization’ Skycoin, which describes itself as “the most advanced blockchain platform in the world,” saw massive sell-offs this month after it emerged insider trading had taken place around the time Binance announced it would list the coin in May. In a blog post June 18, Skycoin confirmed

    Skycoin Freezes Funds After Staff ‘Take CEO Hostage’ And Steal 18 BTC

    | 2018/06/19 10:00 am
  • After moving to request all cryptocurrency exchanges to report to the country’s watchdog agency, the Australia Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains, essentially classifying them as assets. Cryptocurrency = Asset Liz Russel, a senior tax agent at a private Australia online tax return service, shared some insights on the way theATO will be treating cryptocurrency gains and what people should expect. Just like in the majority of countries, there

    Got Bitcoin Mate? Because Australia Wants a Piece of Your Profits

    | 2018/06/19 6:00 am
  • Dogecoin (DOGE) processes three times as many transactions as Bitcoin Cash (BCH) per day, data shows this month — as Bitcoin’s (BTC) hash rate expands to an all-time high.  Unlikely Success? Figures reproduced on Twitter by social media commentator Armin van Bitcoin confirm the curious rise of DOGE, which has seen renewed attention this year after its surprise use in a chain swap project with Ethereum. #dogecoin now has 3X more transactions than #bcash. 😐👇

    Such Currency, Much #Fail: Dogecoin Transactions 300% Higher Than Bitcoin Cash

    | 2018/06/18 10:00 pm
  • After a fairly stagnant weekend for the cryptocurrency market, the downtrend continues as all top 45 players are in the red. However, despite the serious market correction, Binance Coin (BNB) continues its uptrend — marking significant gains over the past week.  The entire cryptocurrency market marks a slight decline over the last 24 hours, currently capitalizing at about $274 billion — after having lost roughly $6 billion in 24 hours. Bitcoin is also trading in the red,

    Binance Coin Continues To Outperform

    | 2018/06/18 7:00 pm
  • “In today’s environment, hoarding knowledge ultimately erodes your power. If you know something very important, the way to get power is by actually sharing it.” — Joseph Badaracco The Fourth Industrial Revolution Historically, our society has undergone paramount technological changes in three industrial revolutions: 1st Industrial revolution – 1765: mechanization; 2nd Industrial revolution – 1870: mass production; 3rd Industrial revolution – 1969: automation Today, technology is already changing our lives. Drones deliver goods, Siri helps

    Why Does the New Economy of Knowledge Sharing Matter?

    | 2018/06/18 5:00 pm
  • After more than 15 percent of the EOS community has already voted, Bitfinex — one of the leading candidates — has deployed an open-source voting tool which affords users the ability to vote directly from the trading platform while, at the same time, being able to trade. Bitfinex Ballot, as the tool is dubbed, is already available for voting and for deployment on other exchange platforms.  To the Bitfinex Ballot Box The world’s sixth largest

    Bitfinex Enables Voting for EOS Block Producers

    | 2018/06/18 4:00 pm
  • After various delays, the ICON (ICX) token swap is almost upon us. Here’s everything you need to know before the platform switches out its ERC20 ICX tokens for mainnet ICX tokens!  In the coming days, ERC20 ICX tokens will be swapped out for mainnet ICX coins. The exchange rate will be pegged to a ratio of 1:1, and mainnet ICX coins will not be backward convertible into ERC20 tokens. I just published “ICX Token swap

    Everything You Need to Know Before the ICON (ICX) Token Swap

    | 2018/06/18 10:00 am
  • Syscoin, an instant payment cryptocurrency, has fallen victim to a malware attack after a hacker reportedly inserted a tainted Syscoin Windows client into the project’s GitHub account.  Syscoin Compromised According to the project’s development team, a hacker replaced the official Windows client with another version containing malware. Users of the software alerted the development team to the presence of the malware in the Windows client when the program started showing up on their computers as malicious.

    Syscoin Hacked, Malware Inserted into GitHub Account

    | 2018/06/17 1:00 pm
  • George Friedman, a well-respected Hungarian-born U.S. geopolitical forecaster and strategist on international affairs, believes blockchain technology will eventually become “obsolete” — and he may be right. ‘It’ll be Obsolete’ Geopolitical forecaster George Friedman thinks the blockchain’s days are numbered. Friedman explained his view of Bitcoin’s underlying technology to CNBC late last week at the UBS CIO Global Forum in New York. The chairman of Geopolitical Futures explained: I’ve never known any encryption technology not to be

    Blockchain Technology Will Be ‘Obsolete,’ Says Prominent Geopolitical Forecaster

    | 2018/06/17 10:00 am
  • John McAfee, one of the most opinionated figures in the cryptocurrency community, has clashed with US Securities and Exchange Commission’s (SEC) chairman over the labeling of initial coin offering (ICO) tokens as securities. Speaking via his Twitter account, the tech activist and internet security expert vowed to fight the SEC’s pronouncement. McAfee on the Warpath John McAfee is usually not shy when expressing his views. Ever since Securities and Exchange Commission (SEC) chairman Jay Clayton

    John McAfee Will Fight SEC ‘With Every Last Breath’

    | 2018/06/16 4:00 pm
  • It appears that a bug in the ICON smart contract has disabled ICX token transfers. One Reddit user reported a few hours ago that the bug prevents ICX tokens from being moved from any wallet. Modifier Code Flaw Responsible for the Problem According to the Reddit poster, the ICON smart contract bug is the same one found in another cryptocurrency project called Yggdrash. The bug is reportedly a flaw in the modifier code as seen

    Smart Contract Bug Disables ICON (ICX) Token Transfers

    | 2018/06/16 4:00 am
  • Authorities in Italy have seized bitcoins from the company wallets of controversial exchange BitGrail as part of standard pre-bankruptcy proceedings. BitGrail was hacked in February 2018, with $170 million dollars’ worth of Nano stolen — which subsequently lead to a major price crash for the coin. BitGrail’s blog was updated today, June 15, 2018, with the following announcement: On June 5, 2018, pursuant to the Tribunal of Florence orders, the Bitcoins contained in the company’s

    Bitcoins Seized From Bankrupt BitGrail by Italian Authorities

    | 2018/06/15 9:00 pm
  • Having passed the 15 percent threshold needed for a quorum to be constituted, the EOS network is now up and running as all normal functions are supposedly activated.  Concentration of Voting Power In an official announcement, the team said that the network has successfully produced its first block. Yet, taking a closer look at the voting statistics shows alarming signs of centralization and concentration of power. As previously reported, 50% of all EOS tokens are

    EOS Produces Its First Block But Votes Not So Decentralized

    | 2018/06/15 11:00 am
  • Gab, a social network messaging platform that describes itself as a place “where people, free expression, and individual liberty come first,” has announced that its Coinbase account was suddenly closed by the popular US-based crypto exchange.  Gab: Centralized Exchanges ‘Contradictory to Everything Crypto Stands For’ Gab is a relatively young social networking platform launched in August 2016 as a response to censorship controversies involving major social media companies — such as Facebook and Twitter — which

    ‘Centralized Exchanges Are Cancer’: Coinbase Shuts Gab Social Network’s Account

    | 2018/06/15 7:00 am
  • Amid the ongoing overall market correction, Cardano (ADA) and Status Token (SNT) surge in price following Bithumb’s announcement that it will list both cryptocurrencies on its exchange. ADA and SNT to be Listed on Bithumb Bithumb, which is currently the sixth largest cryptocurrency exchange by means of trading volumes according to CoinMarketCap, announced that it will be adding Cardano and Status Token to its trading lists. Cardano(ADA) and Status Network Token(SNT) will be listed on

    Bithumb Lists Cardano (ADA) and Status Token (SNT), Prices React

    | 2018/06/15 12:00 am
  • Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he believes this current downtrend nothing out of the ordinary.  The price could easily reach $2,000 or $20,000 in the next two months. Neither would surprise me very much.

    Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview)

    | 2018/06/14 8:00 pm
  • Jonathan Johnson, ex-chairman of Overstock’s board of directors, touched on the benefits of cryptocurrencies and noted the tremendous potential of blockchain-based technology. Despite the currently hemorrhaging market, he still sees a lot of advantages in utilizing cryptocurrencies over traditional credit card payments.   Better Than Credit Cards Currently sitting on the Board of Directors of Overstock.com – a major online retailer accepting cryptocurrencies as a payment method — Jonathan Johnson shared his overtly positive sentiment

    Cryptocurrencies Are ‘A Much Cheaper Way of Doing Business,’ Says Former Overstock Chair

    | 2018/06/14 4:00 pm
  • Following an earlier push for legislative measures to regulate cryptocurrencies, Russia moves to determine how they would be classified by law. Head of State Duma Committee says they will be regarded as ‘digital rights’ rather than cryptocurrencies. Digital Currencies to be Reclassified as ‘Digital Rights’ Back in May, regulations were proposed to eliminate the risks associated with the unregulated nature of cryptocurrencies. Now, Head of State Duma Financial Market Committee, Anatoly Aksakov, confirmed that the drafts

    Russia to Classify Cryptocurrencies as ‘Digital Rights’

    | 2018/06/14 10:00 am
  • Popular cryptocurrency exchange platform Binance has announced the addition of Siacoin (SC) to its catalog of supported altcoins. The platform announced the token listing via a post on its website on June 14, 2018. This latest addition brings the total number of supported digital currencies on the platform to 354. Siacoin Trading Pairs on the Binance Platform According to the announcement, Binance will open trading for three SC trading pairs – SC/BNB, SC/BTC, and SC/ETH. The

    Siacoin Pumps Following Binance Listing

    | 2018/06/14 8:00 am
  • Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.  Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017. Bitcoin’s all-time highs around $20,000 one month later — and those of major altcoins — were

    ‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

    | 2018/06/13 1:00 pm
  • Coinbase is now allowing accredited investors with deeper pockets the ability to utilize the Coinbase Index Fund, which offers exposure to every asset listed on the popular exchange.  Greater Exposure The previously announced Coinbase Index Fund has officially opened for investments of $250,000 to $20M. Reuben Bramanathan, Product Lead of Coinbase Asset Management, stated in an official announcement: We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we

    Coinbase Index Fund Launches for Big-Money Investors Amid Brutal Market Conditions

    | 2018/06/13 11:00 am