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Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

June 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted...

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Things Get Interesting when Conceptual Art Meets Cryptocurrency

June 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Business, News

Kevin Abosch, a conceptual artist, and photographer living in New York is currently implementing blockchain technology and cryptocurrencies in his conceptual artworks. Art Blends with Cryptocurrencies Abosch is however not the first artist to test this idea. The exciting blend of cultures between cryptocurrencies and art is resulting in works...

Lightning Network-Powered Pokemon Game Displays Ease of Processing Bitcoin Payments

June 21, 2018 by contributor at Bitcoin, Blockchain, News, Tech

A blockchain developer has created a Pokemon-themed game running on the Lighting Network (LN) to prove its technical capability. Move over Kitties As per a TNW report on June 19, 2018, software engineer, João Almeida has created Poketoshi, a Lightning Network-based game merging Nintendo’s classic game with blockchain technology. While...

Cryptocurrency Desktop Client Victim of Trojan Attack

June 21, 2018 by Peter Ivancic at Altcoins, Bitcoin, Blockchain, Crime, News, Tech

Syscoin announced on official Github page the project’s official client had faced a malicious trojan attack. The post urged users who downloaded the software via GitHub between June 09, 2018 10:14 PM UTC & June 13, 2018 10:23 PM UTC to take immediate action. GitHub Compromised The initial attack vector...

Betting on the World Cup with Bitcoin on Betcoin.com

June 21, 2018 by Alex Lielacher at Altcoins, Bitcoin, Business, Entertainment, News

The FIFA World Cup 2018 in Russia is most likely the World Cup during which more bets have been placed using bitcoin (BTC) than at any major sporting event ever before. Bitcoin acceptance by online gambling companies dates back to the early years of bitcoin but, in the last 12...

SkyCoin Sees Overnight Price Drop Following Crypto Embezzlement Scandal

June 21, 2018 by Cindy Huynh at Altcoins, Bitcoin, Crime, News, Tech

Skycoin, a community-owned, peer-to-peer internet was robbed by the firm’s marketing arm EVOLAB of 100,000 Skycoins. The discovery was a critical point for Skycoin as it led to a major sell-off, causing Skycoin tokens to cave in price. Status Update Skycoin was developed by many early contributors to the Bitcoin...

3 Bitcoin Improvement Proposals That Aim to Increase Privacy for Bitcoin Users

June 20, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, News, Tech

While bitcoin is the most popular and valuable decentralized digital currency in the market today, it is not without its issues. One of the main challenges that the Bitcoin network faces is a lack of transaction privacy. To address this, a number of altcoins with a focus on privacy have...

South Korea Slams Crypto Exchange Bithumb With $69.3 Million Tax Bill

Bank of Korea Dismisses Central Bank Digital Currency Rumors

June 20, 2018 by Kieran Smith at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation, Tech

Suggestions of a state-backed cryptocurrency from South Korean Banks have been dashed, despite recent reports that the country might be one of the first to push forward on this new frontier. Bank of Korea Squashes Rumors On June 18, 2018, a Korea Times report confirms the central bank’s stance on...

Coinbase Custody will Attract Over $20 Billion from Institutional Investors

June 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News

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...

Large Russian Banks are Testing Bitcoin and Cryptocurrency Investment Portfolios

June 20, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Finance, News, Tech

Russia’s largest banks Sberbank and AlfaBank, are planning to pilot cryptocurrency investment portfolios for their clients. Russia’s Cryptocurrency Push According to Russian news site Kommersant, the banks concluded to “test boxed solutions for private banking, based on digital financial assets,” on June 13, 2018, during the discussion at the Digital...

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