• Tezos co-founder Arthur Breitman has said the decision to perform last-minute know-your-customer (KYC) checks on ICO investors was “not his call.” ‘Counter To Everything You Stand For’ In posts on social media following the news — which cryptocurrency commentators had previously forecast — Breitman appeared resigned to the fact that anyone who purchased tokens in Tezos’ July 2017 ICO must now reveal their full identity before receiving them. An official statement and accompanying FAQ from the

    Tezos Co-Founder On KYC Demands: It’s ‘Not My Call’

    | 2018/06/11 10:00 am
  • 90 percent of Bitcoin Cash holdings are held as investments and never change hands, new research from Chainalysis revealed on June 8. ‘Far Fewer Transactional Users Than Bitcoin’ The findings — which the firm released along with wider insights into Bitcoin’s money supply in 2017-18 — contrast sharply with Bitcoin itself, which has a 50/50 split between investments and transactions. “It appears that there are far fewer transactional users of bitcoin cash than in bitcoin,” Chainalysis

    Crypto ‘Currency?’ Only 10% Of Bitcoin Cash Used For Transactions

    | 2018/06/09 11:00 am
  • $1.1 billion in cryptocurrency has already been stolen in 2018 — as the malware industry continues to grow and provide less-than-tech-savvy users with the ability to easily and cheaply commit cybercrime. According to cybersecurity company Carbon Black, much of the loss has stemmed from individual’s failure to properly secure their investments. ‘It’s surprising just how easy it is’ The first half of 2018 has already seen nearly $1.1 billion stolen from cryptocurrency investors, according to

    Stealing Cryptocurrency is Easy! $1.1B Already Stolen in 2018

    | 2018/06/08 11:00 am
  • Plenty of people remain skeptical about cryptocurrency’s future. PayTabs’ CEO, Abdulaziz Al Jouf, is not one of those people.  ‘It is out of their control’ The cryptocurrency market is notoriously volatile and still remains largely unregulated — but that doesn’t mean it should be dismissed as a failed project. According to the CEO of the Saudi-based payment processing and fraud prevention company PayTabs, Abdulaziz Al Jouf, “cryptocurrency is here to stay.” Al Jouf believes cryptocurrencies will

    PayTabs CEO: ‘Cryptocurrency is Here to Stay’

    | 2018/06/07 9:00 pm
  • Popular cryptocurrency trading platform COBINHOOD has announced plans to launch a new decentralized exchange platform (DEX) with financial backing from IDG Capital.  From CEX To DEX Cryptocurrency exchange COBINHOOD recently released plans for a brand new decentralized cryptocurrency trading platform called DEXON. This new project has significant financial backing from investment firm IDG Capital, which currently handles over $20 billion USD in assets. DEXON aims to become a big player in the banking industry and

    COBINHOOD Planning New Decentralized Exchange Platform

    | 2018/06/07 3:00 pm
  • 42.8% of cryptocurrency investors intend to ‘hodl’ their funds over a long period, South Korea exchange Bithumb revealed June 7. Hodling For Old Age A survey of roughly 2,500 users of the platform whom Bithumb quizzed last month via its Bithumb Cafe portal showed only 27% are interested in short-term gains. 13.1% had bought in for investment purposes, while another 10.5% were focussing on marriage and property-related goals. The findings fall broadly in-step with general

    43% Of Cryptocurrency Investors Will ‘Hodl’ Long-Term, Bithumb Study Finds

    | 2018/06/07 11:00 am
  • Brad Garlinghouse — CEO of San Francisco-based real-time gross settlement system, currency exchange, and remittance network Ripple — believes Bitcoin is “not going to be the panacea that people once thought it would be,” and that his company’s in-house cryptocurrency, XRP, is superior. At the same time, however, he believes the cryptocurrency space will see many winners once the dust finally settles. ‘There will be many winners’ In an interview with CNBC earlier this week, Garlinghouse

    Ripple CEO: Cryptocurrency Will See ‘Many Winners,’ Lawsuit is Outrageous

    | 2018/06/07 9:00 am
  • The economy of Africa has been severely buffeted by many factors over the years. However, P2P finance platforms like Paxful recognize the opportunity cryptocurrency offers Africa. The history of the African continent over the last few centuries hasn’t been exactly ebullient. Colonialism, massive food shortages, the spread of a number of virulent diseases, armed conflict, and unstable economies have all been elements that have shaped the ongoing development of Africa. Yet a new economic and

    Bitcoin Exchange Paxful Recognizes the Opportunity Cryptocurrency Offers Africa

    | 2018/06/07 6:00 am
  • From almost defaulting on a $400,000 loan to now in the process of securing a $325 million investment deal, RCL Chemical might be turning the tides on their misfortune. Although there have been quite a number of stories about blockchain-powered cities of late, this might be the first time that cryptocurrency is being used to fund a key infrastructure project. From Broke to Crypto-Woke In Kentucky’s quest to kickstart their economy, a $400,000 loan was granted to

    Energy Company Turns to $325 Million Cryptocurrency Investment to Fund Its Future

    | 2018/06/07 3:00 am
  • Huobi Group — whose Huobi cryptocurrency exchange is in the global top three by volume — has announced the launch of the Huobi Chain Project (HCP), along with a $100 million USD funding plan to build a next-generation, autonomous, decentralized exchange platform.  Huobi CEO: ‘We Firmly Believe in a Decentralized Future’ Huobi Group announced today the launch of the Huobi Chain Project, along with $100 million USD in funding to build “a next-generation self-regulating and decentralized

    Huobi: ‘Our Dream is To Run on the Public Blockchain, Become a DAO’

    | 2018/06/06 9:00 am
  • US financial company Susquehanna International Group announced it will offer Bitcoin trading to 500 clients following two years of offering the cryptocurrency in “private deals,” the New York Times reports. Crypto Assets Will ‘Change Financial Services’ Susquehanna International Group, an international trader which has headquarters in Pennsylvania and operates around the world, will move to offer Bitcoin futures and other products, continuing a trend involving an increasing number of major finance players. “We believe that this

    ‘We Think It Is Going To Exist Forever’: Susquehanna Opens Bitcoin Trading Desk

    | 2018/06/06 7:00 am
  • San Francisco-based Ripple has announced a University Blockchain Research Initiative which will include a funding amount of $50 million for select academic institutions. Despite the current lethargy in cryptocurrency markets, interest in blockchain is at a fever pitch, especially on campus. Ripple recognizes that students and faculty are key elements for the creation of a more robust and valuable blockchain ecosystem.  Academic Advancement In an announcement on the company blog, Ripple — touting itself as

    Ripple Pledges $50 Million to Universities for Blockchain Research

    | 2018/06/05 6:00 pm
  • US cryptocurrency exchange Bitfinex has recovered after a two-phase outage saw hackers launch a DDoS attack on its website. ‘Back To Normal Operations’ Updates on the exchange’s dedicated incident log confirmed the attack lasted approximately two hours, beginning around 13:00 UTC. In a fresh update, published at 16:40 UTC, officials announced the attack was over and the exchange was “back to normal operations.” Analyzing the events, Bitfinex acknowledged hackers had exploited earlier downtime due to

    Bitfinex Survives DDoS Attack Hours After ‘Infrastructure’ Outage

    | 2018/06/05 2:00 pm
  • Japanese internet giant GMO has announced pre-orders for its B2 Bitcoin miner — the world’s first miner equipped with 7nm processing technology. ‘I Respect Bitmain, But We Will Top Them’ Unveiling the finished product at a conference, GMO’s CEO, Masatoshi Kumagai, promised to “top” competitors with the product — which aims to deliver more power in return for a higher purchase price. The move sees GMO vie with market stalwarts Bitmain and Halong Mining Corporation to

    Japan: GMO Group Unveils ‘World First’ 7nm Miner As CEO Vows To ‘Top’ Bitmain

    | 2018/06/05 12:00 pm
  • Ella Zhang, the individual in charge of Binance’s venture incubator Binance Labs, doesn’t have a particularly fond view of the current cryptocurrency market. In fact, she thinks it’s a “bubble” — one which she’d like to see burst.  ‘We’d like the bubble to break’ A representative from the largest cryptocurrency exchange by volume has called the cryptocurrency market a “bubble.” Speaking to Bloomberg, Binance Labs’ Ella Zhang stated: We’d like the bubble to break. We still

    Binance: ‘We’d Like the Bubble to Break’

    | 2018/06/05 10:00 am
  • Tezos took investors by surprise again over the weekend as many appeared to realize they did not have access to a crucial password needed to claim funds.  Your Private Key Is Not Enough The issue, which has gained significant traction on social media, became apparent after Tezos developers announced an incoming beta release of the platform. As part of the announcement, developers requested those who contributed to Tezos’ July 2017 ICO to “verify” their stake

    Tezos Launch Sees Investors Panic Over Lost Passwords

    | 2018/06/04 9:00 am
  • Bitcoin core developers are among those reacting angrily to news Microsoft has reportedly acquired GitHub in a deal worth at least $2 billion. Bitcoin Developers Call For GitHub Exit The takeover, which anonymous sources claim should see an official announcement later Monday, has led to multiple calls to remove Bitcoin activity from the code repository. Github had previously stated it would strive to remain independent, even planning an IPO in 2017. The company’s CEO and co-founder

    Microsoft to Buy GitHub: Bitcoin Devs Call for Exit

    | 2018/06/04 7:00 am
  • Monster Inc, the company which notoriously lost out on Beats By Dre headphones, is planning on launching its very own cryptocurrency. The offering is slated to be called the “Monster Money Token,” according to documents filed with the U.S. Securities and Exchange Commission. Monster also plans on revamping its e-commerce website to let users purchase Monster products with the cryptocurrency.  Need Money? Launch an ICO! Monster Inc is launching an initial coin offering (ICO) and a new

    Monster Inc. Desperately Launching $300 Million ICO

    | 2018/06/04 5:00 am
  • InstaReM, a Singapore-headquartered Fintech company offering digital cross-border money transfers to individuals and businesses, has officially partnered with BeeTech, a São Paulo-based payment service provider for South America. The partnership will utilize Ripple’s blockchain network and represents one of the first times non-bank RippleNet members in Asia and in South America will afford their customers the ability to utilize Ripple-powered payments across multiple markets.  Connecting Asia-Pacific and South America InstaReM currently offers payment services to more

    RippleNet Connects Asia-Pacific and South America, Santander Demos One Pay FX Mobile App

    | 2018/06/02 2:00 pm
  • A recent expedition to the summit of Mt. Everest, which saw the placement of ASKfm tokens at its peak, has ended in the tragic disappearance of a Nepalese guide. ASKfm, a cryptocurrency company centered around a global social networking site where users create profiles and can send each other questions, recently sponsored four cryptocurrency enthusiasts’ climb to the top of Mount Everest. As a promotional stunt for ASKfm’s initial coin offering (ICO), the climbers placed

    No One to Blame for ASKfm’s Tragic Mt. Everest Expedition

    | 2018/06/01 2:00 am
  • Days ahead of its high-profile mainnet launch, controversial cryptocurrency company TRON is reportedly finalizing its acquisition of BitTorrent Inc.  Decentralizing the Internet According to TorrentFreak — a blog dedicated to the BitTorrent protocol, file sharing, copyright infringement, and digital rights — TRON founder Justin Sun is close to acquiring BitTorrent Inc., with both parties reportedly in the process of finalizing the details. Should the deal be finalized, TRON will absorb and utilize BitTorrent in its quest

    TRON’s Justin Sun Reportedly Close to Buying BitTorrent Inc.

    | 2018/05/28 12:00 pm
  • Ethereum co-founder Vitalik Buterin questioned the authenticity of the Rothschild banking empire after rumors emerged of its plans to enter the cryptocurrency market. ‘Old-money-type High Society People’ In various posts in the /r/ethereum subreddit on May 26, Buterin focused on the potential impact of the Rothschilds’ IMMO project, adopting a critical perspective about their presence as a market force. “Are ‘the Rothschilds’ even well-coordinated enough to be worth caring about as a group these days?”

    Vitalik Buterin Asks: Does Rothschild Conspiracy Theory Extend to Crypto?

    | 2018/05/27 9:00 pm
  • Travel and accommodation website CheapAir.com has appeared to choose self-hosted payment processor BTCPay for its Bitcoin payments, shunning industry stalwart BitPay. CheapAir ‘Doing Testing’ With BTCPay According to comments on social media, BTCPay, which offers open-source merchant software, could officially become the new processor for Cheapair after it dropped Coinbase earlier this month. “We had a nice run with Coinbase but they are sun-setting their merchant platform next week,” the company wrote confirming the planned

    CheapAir Ditches BitPay For Open-Source Bitcoin Payments

    | 2018/05/25 11:00 am