#Bitcoin

Duo Indicted for Selling Spurious “Xanax” on Dark Web in Exchange for Bitcoin

June 29, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Blockchain, Crime, News

Two men were indicted by a federal grand jury on the charges of illegally manufacturing and distributing alprazolam tablets, which are commonly known as Xanax, in exchange for payment through bitcoin. The duo, Ryan Farace, age 34, of Reisterstown, Maryland, and Robert Swain, age 34, of Freeland, Maryland were also...

Abu Dhabi Authorities Introduce Cryptocurrency Regulations in Special Economic Zone

June 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Crime, News, Regulation

The regulatory uncertainties that have surrounded the blockchain-based digital currency space for nearly a decade are gradually fading away, as various world governments are hard at work formulating laws for their cryptospace. In the latest development, Abu Dhabi’s international financial center has drafted new guidelines for cryptocurrency exchanges and virtual...

China’s New Crypto Rankings: EOS First, Ethereum Second, Bitcoin 17th

June 29, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

The Chinese government has issued a revision of its cryptocurrency ranking, adding two new cryptocurrency projects. According to the revised ranking, EOS is now at the top of the list. CCID’s Ranking System China’s Center for Information Industry Development (CCID) published its second monthly Global Public Chain Technology Evaluation Index...

Government Officials Have to Contact SEC Before Participating in ICOs

June 29, 2018 by Joseph Young at Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

In a memorandum to all house members, government officers, and employees, the US House of Representatives Committee on Ethics has required government officials to disclose holdings of cryptocurrencies and digital assets as “other forms of securities.” Primarily For Tax Purpose The memorandum emphasized the Internal Revenue Service (IRS), the national...

IoT and Blockchain Meet Logistics with LaneAxis

June 29, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, News

While the trucking industry is of fundamental importance in the U.S., generating $800 billion in revenues annually, it is undermined by inefficiencies that slow down the logistics process, put drivers at risk and increase costs. Blockchain Meets Trucking These inefficiencies also result in wastage and health hazards and adversely impact...

FBI Investigating 130 Crypto-Related Cases, Agent Says

June 29, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Crime, News, Regulation

Since its beginnings, the virtual currencies industry has attracted some dark elements because cryptocurrencies offer a convenient and private payment method. Drug dealers, human traffickers, and other shady characters who operate via the “deep web” or “dark web” frequently use cryptocurrencies as a means of payment. The most popular virtual...

Research: Bitcoin’s Protocol can Be Analyzed to Track Criminals

June 29, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Commentary, Crime, News, Regulation, Tech

While the ethos of digital currencies is rooted in anonymity and privacy for the transacting parties, a New York-based company believes it can unravel blockchain’s data to uncover the person/s behind suspicious accounts. Anonymous? Not so Much As per a Fortune report on July 27, 2018, blockchain security company Chainalysis...

Bitcoin Price Manipulation Leads to Loss of Trust in Cryptocurrencies

June 28, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Crime, News

The massive price manipulation in the cryptocurrency trading market affects both investors and authorities alike. While the former loses money, the latter finds price volatility the chief nemesis of the rising asset class. The absence of a central body tracking such illicit behaviour causes the sector to be mistrusted as...

Cryptocurrency projects Brining Artficial Intelligence to the Blockchain

Cryptocurrency Projects that Bring Artificial Intelligence to the Blockchain

June 28, 2018 by Crypto Advocate at Altcoins, Bitcoin, Blockchain, Business, Moonshot, News, Regulation, Tech

While the world is continually advancing, nothing evolves as quickly as technology. From cell phones to smartphones, planes to drones; this generation has seen how quickly advancements can be made. Blockchain technology is no different. Many experts are comparing blockchain to the internet. While blockchain technology is advanced, development teams...

Cryptocurrency Self-Regulator Assures British Government After Multiple Security Breaches

June 28, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

After reports of the security loopholes in cryptocurrency exchanges, British authorities raised deep-rooted user-safety concerns from using cryptographic forms of money. However, industry-leading websites have come ahead with assurance on the contrary. Exchanges Committed to Investor Safety According to Stuff, CryptoUK, a U.K.-based self-regulatory body, assured members of parliament in...

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