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Game Over for Dark Web Bitcoin Lord As Authorities Send “Courvoisier” to 10 Years in Jail

May 27, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Crime, News, Tech

Since the beginning of time, there has been crime, and bad actors in the world and this phenomenon will not cease anytime soon. In what has been described as the first of its kind operation in the history of the over a century old department, London police have sentenced "Courvoisier"...

General Bytes Installs 10 Bitcoin ATMs Across Prague Subway Routes

May 27, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

The capital city of the Czech Republic, Prague, has become the scene of the latest explosion of bitcoin-related development as General Bytes has installed a network of ten bitcoin ATMs at different points along the city’s subway routes. The map shows the current locations of the ten bitcoin ATMs in...

Bitcoin's Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

Bitcoin’s Rising Hash Power Suggests High Interest In Pioneer Cryptocurrency

May 27, 2018 by contributor at Bitcoin, Commentary, News

Since bitcoin’s impressive price rise in December 2017, which saw the world’s first digital asset touch $20,000 on some exchanges, the cryptocurrency market has undergone a slow bleed in value, falling to a total market cap of $300 billion in March 2018 as opposed to $800 billion in December 2018....

Major South Korean Crypto Exchanges Bithumb and UPbit Face Backlash and Criticism

May 27, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Finance, News, Regulation

UPbit and Bithumb, two of the biggest cryptocurrency exchanges in South Korea and the global cryptocurrency market, have faced backlash and criticism from the local cryptocurrency market for the scandalous behavior since early May 2018. UPbit Investigation Found No Irregularities On May 13, 2018, BTCManager reported that the official investigation...

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

May 27, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Commentary, Finance, News, Regulation

South Africa is the latest country to try and classify cryptocurrencies as it looks to regulate the industry and generate income tax. According to the country's Central Bank, digital currencies such as bitcoin (BTC) are mere “cyber-tokens” that don't meet the criteria to be categorized as money. South African Cryptocurrency...

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...

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,...

Major Natural Gas Company in the Czech Republic Adopts Bitcoin Payments

May 26, 2018 by Rahul Nambiampurath at Bitcoin, Business, Finance, News

The Czech Republic’s largest natural gas company Prazska Plynarenska announced that it would soon begin accepting payments in bitcoin. Clients will have the choice to pay their monthly dues in cryptocurrency as well as fiat currency. From local media reports, it seems as if the company is attempting to modernize...

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...

Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

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

GMO Internet Group plans to launch GMO miner B2 on June 6, 2018, which will be followed by an information session in Tokyo, Japan. During the launch, details on the GMO miner B2's performance and the price will become available to potential buyers. Once launched, the GMO miner B2 will...

South African Kidnappers demand Ransom in Bitcoin for Abducted Teen

May 25, 2018 by Cindy Huynh at Bitcoin, Crime, News

A South African gang who recently abducted a teenage boy, have on Sunday, May 20, 2018, demanded ransom in the form of bitcoin of approximately $120,000. According to Reuters, Katlego Marite 13, on Sunday afternoon, while playing with his friends in Frangipani Street, Tasbetpark Extension 3, Witbank, was suddenly dragged...

Lightning Over NFC: Developer Proposal Hopes to Electrify Everyday Payments for Bitcoin

MIT Researchers Demo a Smart Contract-powered Lightning Network for Bitcoin

May 25, 2018 by Pratik Makadiya at Bitcoin, Blockchain, News, Tech

The Digital Currency Initiative (DCI), a cryptocurrency and blockchain-focused research community at MIT, are demonstrating an experimental use case in the backdrop of Bitcoin’s Lightning Network that would amalgamate smart contracts with the Bitcoin network to scale further. The Lightning Network is an open protocol layer that is built on...

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