Tag: cryptocurrencies

Rumors are rife that the world’s oldest bitcoin exchange, Bitstamp, is up for grabs at a whopping $350 million price tag and $11 billion gaming giants, Nexon, are ready to ink a deal with the exchange at any moment. Bitstamp for Sale According to Finance Magnates, for several weeks rumors churned about the sale of the pioneer bitcoin and altcoin…

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China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that all relevant businesses have indeed been crushed. A Close Watch on Fundraisers According to Reuters, major financial regulatory bodies in…

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Bitcoin and Cryptocurrency Investment Summit (“BCI Summit”), a conference committee devoted to educating and connecting investors with blockchain and cryptocurrency technologies and opportunities, is excited to announce some of its new partners: BlockShow powered by Cointelegraph, IIB Council as well as media partner BTC Manager and others. New speakers include Cory Johnson, Chief Market Strategist at Ripple, and Tim McCourt,…

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Singapore-based exchange Huobi has spoken of plans to expand operations to London.The Huobi team were in London on April 17, 2018, to launch phase II of the Huobi Knights program and unveil four new projects. Expansion Objectives The news comes amid a recent spate of Asia-based exchanges expanding to international shores. Binance and OKex have announced plans to move to…

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Vitalik Buterin has sent out an April fools prank this year that left the community with some concerns. While his prank consisted of a new fixed supply proposal for Ethereum, called Fixed Supply EIP 960, he later tweeted that whether it was a joke or not, he argued if the community wanted to adopt a new fixed supply implementation then…

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In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly. However, some heavy-hitting VC firms in Silicon Valley have urged the regulatory watchdog to soften its harsh grip on…

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The self-styled crypto-friendly island, Malta, is making efforts and moving forward to test ways to define when assets earned through Initial Coin Offerings (ICOs) turn into securities. Malta’s ICO Interest The Malta Financial Services Authority (FSA) has published a publicly available consultation paper on April 13, 2018. The article acts as a vehicle for collecting feedback from the general public…

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A handful of forward-thinking Wall Street analysts have been inspired to turn gas producers in Texas’s oil-rich Permian Basin a healthy profit by simply converting their ‘useless’ natural gas into bitcoin and other cryptocurrencies. Gas Flaring to Bitcoin Mining Some cryptocurrencies use a proof-of-work (PoW) algorithm, a consensus that requires miners to compete against each other to complete transactions and…

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Russian police have shut down a makeshift crypto rig, arresting two individuals for engaging in illicit Bitcoin mining activities on April 11, 2018. Warehouse Seized by Authorities According to reports, Ministry of Internal Affairs official, Irina Volk revealed that Russian Security Forces had arrested two people who turned an abandoned rubber manufacturing facility into an illegal crypto mining rig. (Source:…

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The cryptocurrency community has long criticized BitLicense as a harmful law that destroyed bitcoin and related businesses in the state of New York. The New York Department of Financial Services (NYDFS) released the document in July 2015 to regulate crypto activity in the state, but its unveiling also meant that many startups moved their operations out of New York. NYDFS Superintendent Hails…

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