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South African Authorities Investigate $80 million Bitcoin Scam

May 26, 2018 by Cindy Huynh at Altcoins, Bitcoin, Finance, News

On May 25, 2018, South African authorities announced further information of an ongoing investigation of a cryptocurrency scam that has cost investors one billion rands ($80 million). False Claims and Investor Pitfalls According to Reuters, South African police mentioned that the investigation involved BTC Global, a cryptocurrency trading company. The...

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

May 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions...

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

May 26, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Crime, Finance, News, Regulation

While fraud seems present in every financial domain, the cryptocurrency sector attracts a lot of criminals in particular due to a lack of strict security practices and negligible regulation. The funds stolen are no child’s play either, as recent research suggests a staggering value. Cryptocurrency Crimes Surging According to estimates...

Interview with Stephen Xu of QTUM and Co-Founder of DREP

May 26, 2018 by Kieran Smith at Altcoins, Blockchain, Business, Commentary, Interviews, News, Tech

After his recent departure from QTUM, Stephen Xu shared his thoughts with BTCManager on the challenges facing the blockchain space, the China ban and the future of cryptocurrency. A graduate of the University of Chinese Academy of Sciences, Stephen Xu is a veteran in the blockchain space, and also worked...

German Stock Exchange Ponders Offering Bitcoin Trading to Clients

May 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

Even with the reign of the bear market, it seems more and more financial institutions are seriously looking to join the bitcoin train. On May 24, 2018, Frankfurt-based Deutsche Borse AG has hinted it's weighing the possibility of offering clients bitcoin and other crypto-related products. Fighting the Bitcoin Bug According...

Small Lenders Reap Big from Wall Street’s Decision to Shun Cryptocurrencies

May 26, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

A considerable number of small banks are riding the cryptocurrency wave and getting more business from the industry. Specifically, business comes from trading exchanges that need to support fiat deposits and withdrawals for customers. New Opportunities Previously, the bank Silvergate focused on serving local businesses within San Diego, California. However,...

Interview with Thaer Khawaja, Lead Developer of the Masari Project

May 26, 2018 by Jamie Holmes at Altcoins, Commentary, Interviews, News

In this exclusive interview, BTCManager speaks to Thaer Khawaja, a Canadian software developer who has been quietly working on a code fork of Monero, known as Masari. The cryptocurrency first emerged into the limelight when the project submitted a pull request to the Monero main branch for a difficulty adjustment...

Psychology of a Successful Cryptocurrency Investor

Research States Cryptocurrency Prices Driven Solely by Investor Sentiment

May 26, 2018 by contributor at Altcoins, Bitcoin, Commentary, Ethereum, Finance, News

Everyone who knows anything about cryptocurrencies knows one thing for sure; its value is highly volatile. This infamous reason is one of the biggest qualms toward why masses are hesitant of investing. Mood Swings Lead to Value Swings What many try to understand but fail is the reason behind the...

3 Reasons Stellar Might Find the Momentum to Soar Despite the Lukewarm Crypto Market

SatoshiPay Partners with The Register Enabling the Purchase of Books with Stellar Lumens

May 26, 2018 by contributor at Altcoins, Business, News

As lucrative as the cryptocurrency trading market may seem, the actual driver of a cryptocurrency-powered world lies in complete digital adoption, and several outlets to spend/redeem a user’s digital assets. In this regard, several firms are ramping up their acceptance of cryptocurrencies, with the latest being one of the U.K.’s...

UK Cybercrime Authority Lists “Cryptojacking” As Serious Threat

“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

May 26, 2018 by Priyeshu Garg at Altcoins, Commentary, Mining, News, Tech

Driven by a sustained rise in adoption and stability of cryptocurrencies like bitcoin, monero, and ethereum, criminal gangs, and hackers around the world are increasingly flocking to illegal cryptocurrency mining as their new growth market. The trend was revealed by Helge Husemann, Malwarebytes EMEA Product Manager while speaking at the...

Puerto Rico: Crypto Paradise or a New Wave of Colonialism?

Cryptocurrency Exchange Giant, Bitfinex, Moving to Puerto Rico

May 25, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

Bitfinex, one of the biggest cryptocurrency exchange platforms in the world, is under scrutiny as rumors have been going around that it has been using one of Puerto Rico's financial institutions as a banking partner. According to three people with knowledge on the matter, Bloomberg has reported that Bitfinex has...

Bitcoin Private Founder Rhett Creighton Alleges BTCP Treasury Mismanagement and Fraud

May 25, 2018 by Priyeshu Garg at Altcoins, Commentary, News

Bitcoin Private Co-founder and cryptocurrency maverick, Rhett Creighton has leveled a series of remarkable allegations of theft, incompetence, mismanagement, and cover-ups against his former team in a blog post published on May 23, 2018. Source: Wikipedia Creighton has been engaged in a public feud with the Bitcoin Private team since...

Ashton Kutcher and Ripple Donate $4 Million in Crypto for Ellen DeGeneres Charity

May 25, 2018 by Cindy Huynh at Altcoins, Finance, News

Ashton Kutcher surprised Ellen Degeneres when he donated $4 million on behalf of Ripple to Ellen DeGeneres’ wildlife charity on May 23. The $4 million was in the form of Ripple’s XRP token. According to Coinmarketcap, ripple is considered the third most-valuable cryptocurrency with a market capitalization of $24.4 million,...

Circle’s ‘Buy The Market’ Brings Crypto to Low-end Retail Investors

May 25, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News, Tech

Following the success of a $110 million funding round led by Bitmain in May 2018, Circle Internet Financial is positioning itself to tap into a large market of low and mid-level investors who want a smooth, low-risk entry point into cryptocurrency investment. On May 22, 2018, the Goldman Sachs-backed Fintech...

Revolut Adds Bitcoin Cash, Ripple to its Payments App

May 25, 2018 by contributor at Altcoins, Business, Finance, News

Revolut, the French digital payments app which introduced services for bitcoin, litecoin, and ether in 2017, announced the addition of ripple (XRP) and bitcoin cash (BCH) on May 24, 2018. The company states that ever since adding support for cryptocurrencies, a significant increase in their valuation, customer base, and profit...

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