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Huobi Global Launches Blockchain Plus Initiative and Cloud Service

July 22, 2018 by Ogwu Osaemezu Emmanuel at Development, Exchange, News

In a bid to make adoption and integration of blockchain technology a frictionless process for startups as well as corporations in the distributed ledger technology ecosystem, Huobi Global, the third largest cryptocurrency exchange by 24 hour trading volume, has announced on July 20, 2018, preparations for the creation of the...

Pawn Shops in Ukraine Set to Start Accepting Cryptocurrencies as Loan Security

Ukrainian Authorities Agree to Regulate Bitcoin and Other Cryptocurrencies as Financial Instruments

July 22, 2018 by Ogwu Osaemezu Emmanuel at Finance, News, Regulation

In spite of the vibrant nature of the Ukrainian cryptosphere, digital currencies remain unregulated in the region. However, the situation is finally about to change for the better. The head of the National Securities and Stock Market Commission (NSSMC), Timur Khromaev, announced on Facebook on July 20, 2018, that the...

HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology

July 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News

Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile...

Bitcoin and Other Cryptocurrencies Not Significant Threats – Says US Federal Reserve Chairman

July 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain

While a good number of central banks see bitcoin and other cryptocurrencies as significant threats to their survival, the United States Federal Reserve Chairman, Jerome Powell, said on July 18, 2018, that the exponential growth in the price of bitcoin and the increasing adoption of cryptos doesn't bother him. The...

Civic: Solving Global Identity Management Crisis with its Innovative Blockchain Project

July 20, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Crime, News, Platform

In the decentralized distributed ledger technology (DLT) world, fintech firms and individuals alike carry out financial transactions without third party involvements. Yet, it is becoming increasingly essential to have a highly efficient identity verification system to eradicate the menace of identity theft by bad actors. To that point, Civic blockchain...

These Flaws Make Cryptocurrency Exchanges Vulnerable To Attacks

These Flaws Make Cryptocurrency Exchanges Susceptible to Attacks

July 20, 2018 by Ogwu Osaemezu Emmanuel at Crime, News, wallet

It is a proven fact that the blockchain has an impressive 99.64 percent reliability. However, the same can't be said of cryptocurrency exchanges. Amidst that backdrop, Sameer Dixit, the Senior Director of Security Consulting at Spirent Communications, has identified some characteristic flaws of crypto exchanges which must be tackled to...

Barry Silbert’s Grayscale Investments Cryptocurrency Fund Sees Green despite Bitcoin Price Slump

July 19, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, Ethereum, Interviews, News

While bitcoin and other cryptocurrencies have experienced a significant drop in price since the beginning of the year, the story is entirely different for Barry Silbert’s Grayscale Fund as the firm has seen quite exponential growth so far, due to massive investor interest in its crypto-linked investment offerings, as stated...

Research: Cryptojacking Incidents on a Steady Decline

July 19, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, Mining, News

While crypto enthusiasts pray for the bulls to reign at all times, sometimes a bearish trend comes with cool advantages. Per recent research findings, cryptojacking has become less lucrative for ‘cryptojackers’ due to the current market slump, leading to a sharp decline in occurrences of the illegal act. Meager Rewards...

Brazilian Authorities Shutter International Cocaine Ring Financed Using Bitcoins

July 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Crime, News

The Brazilian Police force has successfully arrested several members of an international drug syndicate using cryptocurrency to launder proceeds from their illicit deals. End of the Road According to local news Folha de S. Paulo, Brazil's Federal Police have apprehended 12 people in connection with an international drug trafficking gang...

World’s Largest Asset Management Firm $6.3 Trillion Blackrock Set to Join Bitcoin Bandwagon

July 18, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Bitcoin, Business, Finance, News

Slowly but steadily, Bitcoin’s journey to mainstream finance keeps gaining momentum, as more and more critics are beginning to catch the cryptocurrency fever. Next in line, BlackRock, a global asset management company with $6.3 trillion in assets under management, is now looking to start offering clients bitcoin-related investments according to...

Greek Court: Alexander Vinnik Will Be Extradited to France, not Russia

July 17, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, Exchange, News

While the Mt. Gox exchange may be dead, its ghost has refused to rest in peace until its killers are hunted down. Most recently, a Greek court has ruled that Alexander Vinnik, founder of the now-defunct BTC-e cryptocurrency exchange, will be extradited to France. Vinnik has been accused of playing a...

VanEck and SolidX File for Physically Traded Bitcoin ETF

VanEck and SolidX File for Physically Traded Bitcoin “Solid” ETF

July 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News

New York-based investment management firm, VanEck has partnered with SolidX blockchain and Fintech company, as part of a strategic move to launch a Bitcoin-backed ETF. A Tall Ambition? According to an ETF Strategy report,VanEck asset management company in conjunction with SolidX blockchain and Fintech firm have drafted a joint SEC...

Michael DuBose: The U.S. Must Emulate Europe’s Lead on Cryptocurrency Regulations

July 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Crime, News, Regulation, Tech

While the European Union (EU) has taken more proactive steps to regulate the region’s cryptocurrency industry, the United States seems to be dragging its feet in the matter. Following Europe Now, a keen industry observer, Michael DuBose, the former chief of Computer Crime and Intellectual Property Section (CCIPS) at the...

United Nations To Explore Opportunities Within the Burgeoning Blockchain Sector

July 16, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, News, Tech

After consultations with more than 120 member states, industries, and civil societies, António Guterres, the United Nations Secretary-General, has inaugurated a 20-man panel of technology experts charged with exploring such new opportunities in the digital space as the blockchain technology. Blockchain for World Unity The United Nations, led by Antonio Guterres...

Cryptocurrency’s People-Oriented Nature Beats Traditional Monetary System

July 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, Finance, Investment, News, Tech

At a time when central banks and other heavyweights in the traditional finance sector are busily stating reasons why bitcoin and the entire cryptocurrency ecosystem can't function as fiat money, highly reputable serial entrepreneur Jeffrey Wernick has come up with ideas why he thinks the world’s legacy finance system is...