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Study Reveals The Majority of Crypto Hedge Funds Suffered Loses

Study Reveals The Majority of Crypto Hedge Funds Suffered Losses

November 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

The overly-optimistic forecasts predicting a bitcoin-led era of cryptocurrencies by the end of 2020 are increasingly seeming like a distant fragile dream. More so now than ever as the most popular digital asset in the world has dipped below $5000. This downward spiral of bitcoin, according to many analysts, is due...

The Winds of Change Have Begun to Blow for Cryptocurrencies in Malaysia

November 22, 2018 by Priyeshu Garg at Adoption, Bitcoin, Blockchain, Finance, News

Despite the recent slump the crypto market has experienced, industry analysts believe that digital currencies such as bitcoin, have the potential to be aggressively embraced by local investors in the next financial cycle, the Malaysian Reserve reported on November 21, 2018. Malaysian Investors Shouldn't Be Quick to Dismiss Cryptocurrencies Just...

Regulations Rock Markets but Bitcoin Has to Play Ball

Meet the Traders who Paid a 100 Percent Premium for Bitcoin in December 2017

November 22, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Business, Exchange, Finance, News

Who were the people who participated in what may be one of the most poorly timed trades of 2017, and paid a premium for Bitcoin of more than 100 percent, Bloomberg investigated in a report on November 21, 2018. Paying a 100 Percent Premium for Bitcoin It's safe to say...

Busted: Manhattan 21-Year old Arrested For $1 Million Cryptocurrency Theft

November 22, 2018 by Aisshwarya Tiwari at Bitcoin, Business, Crime, Finance, News, Platform

Nicholas Truglia, a 21-year old con man, residing in Manhattan, New York, was arrested by the local police at his apartment for hacking into others mobile phones to steal cryptocurrencies, reports New York Times on November 20, 2018. 21 Felony Counts for Trying to Steal Cryptocurrencies According to the officials,...

Cornell Uni Professor: Digital Currencies Could Allow Central Banks to Stay in the Game

November 22, 2018 by Priyeshu Garg at Bitcoin, Finance, Interviews, News

Cornell University professor Eswar Prasad is the latest prominent figure to come out in support of digital currencies, suggesting that central banks should issue their own currencies in order to remain in the money game, Bloomberg reported on November 19, 2018. Cryptocurrencies Could Allow Central Banks to Stay in Money...

Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News

It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them...

Japanese Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

November 21, 2018 by Pratik Makadiya at Adoption, Bitcoin, Blockchain, Business, News

Japan’s shipping line powerhouse Nippon Yusen KK is set to introduce its own digital currency for internal use, specifically to pay its seafaring workers, reports Bloomberg, November 20, 2018. The move is aimed towards minimizing the hassle and costs of the process of managing, sending and converting money to their...

Bitcoin Mining Giant Bitmain Launches Data Center in Washington Despite Crypto Crash

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

World's leading bitcoin mining hardware manufacturer, Bitmain has launched a new $20 million data center for cryptocurrency mining in the East Wenatchee area of Washington, United States, actively expanding its global digital assets mining operations despite the ongoing bitcoin price slump, reported NW news network on November 18, 2018. ...

Catalonia Turns to Blockchain Technology For Electronic Voting System

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, News

Catalonia, an autonomous community, located in northeastern Spain may be looking to adopt distributed ledger technology (DLT) for external e-voting, to make it easier for citizens residing outside the region to participate in the electoral process, according to local news source La Vanguardia on November 19, 2018. Catalonia Seriously Considering...

Kraken grabbing cryptocoins with tentacles

Crypto Exchange Kraken Opens Trading But Warns Clients Over Bitcoin Cash SV ‘Red Flags’

November 20, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Finance, News, Platform, Tech

U.S.-based cryptocurrency exchange Kraken has opened trading in the controversial Bitcoin Cash SV, but has warned clients about the high risk associated with trading the new bitcoin cash token, the company announced in a November 18, 2018, blog post. Users Face ‘Extremely High Risk’ Kraken, one of the largest U.S.-based...

Israeli Investment Firm Silver Castle Unveils New Crypto Funds for Institutions

November 20, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Business, Finance, News, Platform, Tech

Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year, Bloomberg reported on November 18, 2018. Launching Products for Institutional Investors The market slump the crypto industry...

IBM to Develop a Blockchain-Based Solution for Scientific Researchers

Columbia University and IBM Announce Two Accelerator Programs To Assist Blockchain Innovation

November 20, 2018 by Cindy Huynh at Bitcoin, Blockchain, Exchange, News, Platform, Tech

Columbia University and IBM recently launched two accelerator programs designed to help build and grow blockchain startups. According to IBM’s press release published on November 19, 2018, the accelerator programs will provide blockchain founders the ability to access critical resources and expertise required to develop their blockchain network. Helping Founders...

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

November 20, 2018 by Cindy Huynh at Bitcoin, Blockchain, Exchange, Finance, Investment, News, Tech

OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of...

U.S. Authorities Sentence Bitcoin Criminal to 15 Months Imprisonment

November 20, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Crime, News

Joseph Kim, a 24-year old Phoenix, Arizona resident has been sentenced to one and half year in jail for defrauding his former employers, Consolidated Trading and friends over $1 million in bitcoin (BTC) and litecoin (LTC), using the funds for his personal enrichment, reported Finance Magnates on November 18, 2018....

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

November 19, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Regulation, Tech

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City's Info for Ransom in Final Recovery Phase A small Alaskan...

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