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Xapo’s Bitcoin Wallet Adds Support for Segregated Witness

May 27, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News

Back in August 2017, Segregated Witness (SegWit) was implemented for bitcoin; a protocol that’s aimed at alleviating the problems of scalability and high transaction fees. Now, Xapo has integrated SegWit into its wallets and vaults in a bid to serve its retail clients as well as institutional investors who use...

The Bitcoin Fever Has Got Tim Da’R’apper

May 27, 2018 by Priyeshu Garg at Bitcoin, Commentary, Entertainment, News

On May 25, 2018, Tim Draper broke into rap mode, sharing a rap with the world on cryptocurrencies at the TNW Conference 2018 in Amsterdam, the Netherlands. The bullish bitcoin billionaire was at it again, proclaiming the bitcoin gospel and assuring investors that the new world order will happen, overlain...

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...

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