#News

Bitcoin Millionaires Buy Up Lamborghinis as Status Symbols of Cryptocurrency Wealth

Cryptocurrency Conference Consensus 2018 Kicks Off with Lamborghinis and Protests

May 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, Ethereum, News

Lambos are the ultimate status symbols of bitcoin and other crypto whales. Since the massive surge in the price of the world’s flagship digital currency in 2017, crypto billionaires have not ceased flaunting their newfound wealth in ‘sexylambos.’ At this year’s Consensus event organized by industry heavyweights in New York...

two hands touching a blue blockchain block

Blockfolio Launches Signal to Connect Crypto Teams Directly with Users

May 15, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, News

The crypto investment tracking company Blockfolio is attempting to dispense with the abundant noise on messaging platforms and streamline valid inputs. After announcing Signal on May 10, 2018, an integrated messaging service dedicated to “pure,” relevant and verified information, the outfit is seeking to tackle the often copious spam and...

Seminole County, Florida Embraces Bitcoin and Bitcoin Cash Payments

May 15, 2018 by Priyeshu Garg at Bitcoin, Finance, News

Residents of Seminole county in Florida can now pay their taxes with bitcoin and bitcoin cash. Seminole becomes the first county to accept payments in bitcoin cash and bitcoin in the United States. Joel Greenberg, the State tax collector, announced the County would begin using BitPay, a cryptocurrency payment processor,...

Cryptocurrencies That Can Potentially Cure Cancer?

May 15, 2018 by Cindy Huynh at Altcoins, Blockchain, News, Tech

While cryptocurrencies are often associated with profit and finance, Folding@home and CureCoin hope to leverage the computational power of the network to fold proteins and cure diseases instead. According to the Folding@home website: “folding@home is a project focused on disease research. The problems we’re solving require so many computer calculations...

Monthly Global Public Chain Assessment Index From China Will Track Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, and More

May 15, 2018 by Priyeshu Garg at Altcoins, Bitcoin, News

The Chinese CCID think tank hosted a seminar on public blockchain technology on May 11, assessing the current status of adoption, possible application as well as announcing the monthly Global Public Chain Assessment Index. The symposium also acted as a special promotion of blockchain as the solution to many aspects...

Bytecoin: The Cryptocurrency Scam that Resembles a Black Hole

User Discovers Hidden Bytecoin Mining Code in Ubuntu App

May 15, 2018 by Pratik Makadiya at Altcoins, Crime, Mining, News, Tech

A Github user by the title of “tarwirdur” reported an app (now removed), hosted on the Ubuntu Snap Store that contained hidden cryptocurrency code for mining Bytecoin tokens. The app on which the malicious code was found was the 2048buntu app which is a replica of the 2024 game also...

Billionaire Investor Draper Says Bitcoin Is Most Secure Place to Store Money

May 15, 2018 by Joseph Young at Bitcoin, Commentary, Crime, Finance, News, Tech

On CNBC’s Closing Bell, billionaire investor Tim Draper, who has funded some of the most successful technology companies to date such as SpaceX, Tesla, and Uber, stated that bitcoin is the most secure place to store money due in part to the gaps in security of banking systems which major...

HSBC Concludes – “Blockchain Is Viable” After Successful Trade Deal

May 15, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Tech

HSBC Holdings announced that it had completed its first scalable blockchain-based trade finance transaction through which it has concluded that blockchain is ready for mass adoption in the trade finance market. HSBC revealed that it concluded that blockchain is a commercially viable technology after processing a letter of credit on...

One Wrong Assumption by Wired Ended up in a Loss of Thousands of Dollars of Bitcoin

May 14, 2018 by Nuno Menezes at Bitcoin, Commentary, Finance, News

In May 2013, Wired published an article where it went through a tutorial on bitcoin mining, titled “Watch Wired Get Rich Quick With Our Sleek Bitcoin Miner.” At the end of the article, the company decided to destroy the wallet’s private keys and therefore lose access to a nice haul...

Longfin CEO Finally Reaches Settlement with U.S. SEC

Indian Supreme Court Upholds RBI’s Decision to Stop Servicing Crypto-related Businesses

May 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

Indian authorities have joined forces together to stifle the growth of its local cryptospace. In the latest development, the Supreme Court has refused to grant an interim injunction against the Reserve Bank of India (RBI) directive prohibiting domestic financial institutions from rendering banking services to firms in the blockchain-based virtual...

Monero’s Hardware Project Moves into the Next Phase

Monero’s Hardware Wallet Project Moves into the Next Phase

May 14, 2018 by Jamie Holmes at Altcoins, News, Tech

The Monero hardware project completed the first stage at the end of April, developing the internals and boards. The next stage is to develop a proper enclosure, perform injection molding and other finishing touches; the project’s funding goal is already approximately 25 percent complete. BTCManager spoke to Michael Schloh von...

Winklevoss-Owned Gemini Exchange Announces Addition of Zcash to its Trading Platform

May 14, 2018 by contributor at Altcoins, Finance, News

The hype leading up to cryptocurrency-focused conference Consensus is second to none, with crypto markets historically experiencing bull runs in the days after, and during, the event. The bullish sentiment can be attributed to a plethora of positive news, related or unrelated, released in the course of the event, which...

South Korean Bitcoin Frenzy Continues as Government Formulates New Regulations

South Korea Maintains Positive Outlook for Cryptocurrencies; Widens Probe to Prevent Fraudulent Activities

May 14, 2018 by contributor at Altcoins, Business, Finance, News, Regulation

The cryptocurrency market is known for its dynamic price volatilities, with mainstream media outlets having a field day when bitcoin decides to jump by several thousand dollars. However, the price is not the only wavering change in the crypto-market, with regulatory bodies scrutinizing the industry not seeming to halt for...

Three Major Financial Institutions Ban the Purchase of Crypto using Credit Cards

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

May 14, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

In an interview on CNBC, Catherine Bessant of the Bank of America (BofA), said cryptocurrencies as payment system are "troubling," as it makes it difficult to catch those who make use of the virtual currency for illegal transactions. Therefore, BofA will disallow the use of its credit or debit cards...

Two Individuals Arrested in South Korea For Running $30 Million Cryptocurrency Ponzi

May 14, 2018 by Joseph Young at Altcoins, Bitcoin, Crime, Finance, News

Two South Korean individuals, whose names remain anonymous, were arrested this week for running a $30 million cryptocurrency Ponzi scheme in Busan, the second largest city in South Korea behind Seoul. Ponzi Schemes Have Become a Major Issue Over the past nine months, the two individuals established an office in...

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