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About author: Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or hacking at a Hackathon.

Chinese Police Raid Illegal Bitcoin Miner’s Home, Seize 200 Computers

Category: Altcoins, Bitcoin, Blockchain, Crime, Mining, News

Chinese Police Raid Illegal Bitcoin Miner’s Home, Seize 200 Computers

A private residence in Anhui Province, Eastern China has become the scene of yet another incident of electricity theft in an illegal cryptocurrency mining operation, with a police raid revealing an illicit setup of 200 computers mining bitcoin and ethereum. The story, which was reported in Chinese media is yet another instance of a new and growing category of crypto-related…

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Winklevoss Twins Win Yet Another Crypto Trading Patent

Category: Bitcoin, Business, News, Tech

Winklevoss Twins Win Yet Another Crypto Trading Patent

Famous cryptocurrency duo Tyler and Cameron Winklevoss have successfully registered yet another patent related to crypto investment with the US Patent and Trademark Office. The new patent, which was announced on the USPTO website on June 21, 2018, is related to the creation of exchange-traded products linked to digital assets. BTCManager earlier reported that the Winklevoss twins have racked up…

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Tether’s Transparency Update Report Raises More Questions Than it Provides

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Tether’s Transparency Update Report Raises More Questions Than it Provides

In an exciting turn of events, the people at Tether seem to have finally done what they have not been able to do since dissolving their relationship with their auditor six months ago – produce an independent report on their currency reserves. While still not an actual audit, the report was supposed to silence the critics, but this is not…

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Circle Will Not Accept Any Payment for Cryptocurrency Listing

Category: Altcoins, Bitcoin, Blockchain, Business, News, Tech

Circle Will Not Accept Any Payment for Cryptocurrency Listing

Circle Financial has compiled a framework of requirements known as the Circle Assets Framework, for cryptocurrencies and other digital assets desirous of listing on its trading platforms. Announcing the Circle Assets Framework in a blog post on June 19, 2018, Circle mentioned that the framework contains its general position on the conditions and circumstances surrounding listing of assets, airdrops, forks…

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Blockchain Technology to Assist in Combating Child Trafficking in Moldova

Category: Blockchain, Commentary, Ethereum, News, Tech

Blockchain Technology to Assist in Combating Child Trafficking in Moldova

The emerging blockchain technology has not only rocked the financial market and economy but has a potential to save lives. Moldova, the human trafficking haven of Europe, is developing a blockchain project that would address its decade-long problem that is showing no signs of halting. Modern-day enslavement Slavery is still a sad reality for a vast number of people all…

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John McAfee to Stop Promoting ICOs because of “SEC Threats”

Category: Altcoins, Bitcoin, Business, Ethereum, News

John McAfee to Stop Promoting ICOs because of “SEC Threats”

John McAfee, a British-American computer programmer, known for his company’s anti-virus software, and lately one of the leading promoters of initial coin offerings (ICO), has surprised everyone by having a change of heart about the whole ICO business. SEC “Threatens” McAfee Seventy-two-year-old McAfee, who unsuccessfully ran for US president as a member of the Libertarian Party in 2016, took to…

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Blockchain Visionary Earns Millions With “BlockBox”

Category: Blockchain, Business, Finance, News, Tech

Blockchain Visionary Earns Millions With “BlockBox”

All over the world, the so-called BlockBoxes used in bitcoin mining, are appearing in the countryside as FinTech companies and individuals are getting on the bandwagon to get the best out of the newly-emerged industry. Creation of BitFury These large mysterious structures are the work of BitFury Group Ltd. CEO and Co-Founder Valery Vavilov and CTO Valery Nebesny. Latvian-born Vavilov…

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Coinbase Custody will Attract Over $20 Billion from Institutional Investors

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

Coinbase Custody will Attract Over $20 Billion from Institutional Investors

Fresh from opening a new office in Japan and acquiring the Ethereum-based exchange Paradex in an ongoing expansion drive, Coinbase is set to launch a new Regulated Crypto Custody service that experts say will open up the crypto finance space to game-changing investment from institutional investors and funds. For many investors, cryptocurrency market is the exciting new frontier of finance…

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Silk Road Adviser Extradited to the USA After Using Cryptocurrency for Illegal Purposes

Category: Blockchain, News

Silk Road Adviser Extradited to the USA After Using Cryptocurrency for Illegal Purposes

The Manhattan US Attorney has announced the successful extradition of Canadian citizen Roger Thomas Clark from Thailand to face prosecution over his alleged role in the running of the now-defunct Silk Road darknet website which facilitated transactions of illegal drugs and weapons using Bitcoin. Operating from January 2011 to October 2013 when founder Ross Ulbricht was apprehended, Silk Road infamously…

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Swiss Banking Authority Warns that Bitcoin Is Impractical and an Environmental Disaster

Category: Bitcoin, Blockchain, Business, Commentary, Finance, News, Regulation, Tech

Swiss Banking Authority Warns that Bitcoin Is Impractical and an Environmental Disaster

In its latest warning about the burgeoning cryptocurrency sector, the Bank of International Settlements (BIS) stated on June 17, 2018, that cryptocurrencies are not scalable and “are likely to face a breakdown in trust” as the number of people using digital currencies increases. Other concerns revolve around their inherently self-limiting design flaws, and the fact that they can neither handle…

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