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Tag: bitcoin news

Plunging Bitcoin Prices Create New Woes for Tainted Crypto Exchange Coincheck

Category: Altcoins, Bitcoin, Exchange, Finance, News, Regulation

Plunging Bitcoin Prices Create New Woes for Tainted Crypto Exchange Coincheck

Japanese cryptocurrency exchange Coincheck is facing hurdles as it looks to recover from the colossal $550 million cryptocurrency theft in January 2018. This time, the culprit is the lack of liquidity and positive sentiment in the digital asset market, reported Nikkei Asia Review on December 12, 2018. Businesses Take a Hit with Falling Prices Bitcoin prices continue to fall since…

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OneGold Partners with BitPay to Enable it Accept Cryptocurrency Payments for its Precious Metals

Category: Altcoins, Bitcoin, Business, Development, News

OneGold Partners with BitPay to Enable it Accept Cryptocurrency Payments for its Precious Metals

OneGold, an online marketplace that makes it possible for people to buy, sell, store, and redeem precious metals, has joined forces with BitPay, a leading Bitcoin payments processor, to enable it access bitcoin (BTC) and bitcoin cash (BCH) payments for its products, according to a press release on December 11, 2018. Bitcoin for Gold and Silver Established by APMEX and…

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Gibraltar Blockchain Exchange (GBX) Secure Insurance Coverage for its Cryptoassets

Category: Altcoins, Bitcoin, Business, Exchange, News, Regulation

Gibraltar Blockchain Exchange (GBX) Secure Insurance Coverage for its Cryptoassets

The Gibraltar Blockchain Exchange (GBX), a regulated cryptocurrency exchange from the stables of the Gibraltar Stock Exchange (GSX), has secured insurance coverage with Callaghan Insurance for all blockchain-based virtual currencies listed on its platform, according to a press release by the GBX on December 10, 2018. GBX Guards itself against Unforeseen Circumstances In a bid to protect itself against hacks,…

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Dutch Central Bank Keen to Regulate Crypto Companies to Deter Money Laundering

Category: Bitcoin, Crime, Finance, News, Regulation

Dutch Central Bank Keen to Regulate Crypto Companies to Deter Money Laundering

De Nederlandsche, the Dutch central bank, is keen to regulate cryptocurrency companies to deter money laundering and terrorist financing. According to December 11, 2018, reports from Dutch Daily newspaper, De Telegraaf, cryptocurrency companies may require a license to continue operating in the near future. Cryptocurrency Industry Prone to Money Laundering The Dutch banking authority noted that having a license can…

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Japan: Prosecutors Demand Ten-Year Jail for Former Mt.Gox CEO Mark Karpelès

Category: Bitcoin, Business, Crime, Exchange, Finance, News, Regulation

Japan: Prosecutors Demand Ten-Year Jail for Former Mt.Gox CEO Mark Karpelès

Japanese law authorities have proposed a ten-year prison sentence for the ousted founder of the now-defunct Bitcoin exchange Mt.Gox, reported local publication Mainichi on December 12, 2018. Mt.Gox in Shambles Once the world’s largest bitcoin exchange, Mt.Gox quickly fell from its glory days after a series of hacks and failed banking partnerships meant customers were left stranded from their digital…

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1.3 Million Bitmain S9 Bitcoin Miners Go Offline as Crypto Price Crash Continues

Category: Bitcoin, Blockchain, Commentary, Finance, Mining, News

1.3 Million Bitmain S9 Bitcoin Miners Go Offline as Crypto Price Crash Continues

The total hash rate of the Bitcoin network has fallen by 31 percent since November, representing around 1.3 million Bitmain S9 miners that have been turned off as they struggled to stay profitable in the bear market, BitMex revealed in a report on December 10, 2018. Bitcoin Miners Suffer the Most from Declining Prices The unprecedented drops in value almost…

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UK MP: “Taxes Could Be Paid in Cryptocurrency”

Category: Adoption, Bitcoin, Business, Finance, News

UK MP: “Taxes Could Be Paid in Cryptocurrency”

On December 10, 2018, a UK Member of Parliament (MP) spoke out in favor of cryptocurrencies, calling for colleagues to educate themselves further on the technology and, suggested they could be used to pay taxes. Pro-Crypto MP According to an article published by UK media outlet the Daily Express, Eddie Hughes, an MP belonging to the Conservative party, who are…

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South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex

Category: Altcoins, Bitcoin, Business, Development, Exchange, News, Platform

South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex

Farzam Ehsani, former blockchain lead at Rand Merchant Bank (RMB), has launched his new business initiative named VALR, reports Tech Central, on December 6, 2018. Based in South Africa, VALR is a digital asset trading platform which has been launched in partnership with crypto exchange trading platform Bittrex. VALR to Offer One of the Largest Selections of Digital Assets According…

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Gazprom Banking Department Announces Launch of Crypto Trading Service for 2019

Category: Adoption, Altcoins, Bitcoin, Blockchain, Business, Finance, News

Gazprom Banking Department Announces Launch of Crypto Trading Service for 2019

On December 6, 2018, Gazprombank, the Russian bank’s Swiss division, is said to have been working with Avaloq and Metaco to implement a cryptoassets service that will allow its customers to deal in cryptocurrencies without the hassle of managing wallets or passwords. 2019 Crypto Launch Finance Magnates noted that the banking division reported it was launching a cryptocurrency service next…

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Open Source Project Allows e-Bike Rentals in Seconds over Bitcoin’s Lightning Network

Category: Bitcoin, Blockchain, Cryptocyclopedia, News, Tech

Open Source Project Allows e-Bike Rentals in Seconds over Bitcoin’s Lightning Network

Matthias Steinig, a German programmer, has developed a new mechanism that allows e-bikes to be rented in exchange for payments on the bitcoin Lightning Network. A prototype built using a modified bicycle is already fully functional and has been demonstrated in a video posted on Twitter. The Lightning Bike The project involves a device connected to the bike that controls…

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