Everyone knows Facebook has over billions users around the world. Now, the company wants to introduce its own cryptocurrency, which they have high aspirations of it competing with Visa and Mastercard for ease of payments for everyone. While they have a massive user base, there is much more to release a new cryptocurrency than just …
Bitfinex Still Accessible to US-Based Traders It appears traders, which are United States-Based, can still gain access to the Bitfinex crypto trading services. This is on top of claims the company isn’t active in the State of New York. Sources remained anonymous, yet they made the information available to “The Block” they accessed Bitfinex inside …
Binance Coin (BNB) has climbed unrealistically to the seventh largest market-cap crypto. In January, Binance Coin traded at $6, which was well below its all-time high of $24.50 a year ago. BNB lost over 75% of its value in 12 months and suffering a similar fate to other crypto currencies. This month BNB reached a …
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Traders Pull $175 Million From Bitfinex Over the past day or so, there has been a flurry of activity from crypto traders who have been busy withdrawing $175 million of BTC, ETH and XRP from Bitfinex. Watchers saw several transfers out of the exchange to undisclosed wallets. All this came about when there were a …
Bitcoin Trading a Hoax New research throws even more doubt on the legitimacy of bitcoin trading. A report by Bitwise shows that 95% of BTC spot transactions are distorted by unregulated trade. This ties in with the Wall Street Journal’s concerns that it is too easy to manipulate the market. Bitwise, an asset manager, reported …
OneCoin Crypto Scam Ringleader Nabbed The FBI arrested the OneCoin ringleader at LAX (Los Angeles International Airport). The US government alleges Konstantin Ignatov was one of the masterminds who instigated the start of the crypto pyramid scheme that was worth billions. Around the world, OneCoin has faced fines and actions toward criminal prosecutions (especially India), …
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Spyware Creator Working With Coinbase Online privacy is always a huge debate. More recently there is legislation that has been passed which should deliver more protection for users data. These include GDPR, BDSG-New, and CCPA as the main ones. While many people as for why there is a need for privacy if nothing wrong is …
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Bitcoin Asics Suffer from Ransomware The crypto industry hasn’t been left out of facing some shady players in the industry. This was confirmed on Wednesday when some reports rose that a strain of ransomware was striking, or had struck blockchain miners. Taken from the ZDNet report, the virus which is called hAnt started to sweep …
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Russia and Limiting U.S. Sanctions Using Bitcoin With the USA imposing sanctions on Russia, the country has taken steps to limit the impact. Over the last week, an Australian news site quoted that there is an economist who has ties to the Russian government as having said the sanctions are forcing the country to take …
Facebook Hinting at Blockchain Interest Outside viewers have seen that Facebook is on a recruitment drive for blockchain developers. These will be tasked with working on a payment industry product. Unfortunately, there are a few recruitment hurdles because of the somewhat obscure project and the ongoing concerns of personal data protection from the side of …
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Bitcoin Mining Takes a Second Major Downturn All the news is full of Bitcoin, and now it is showing itself in the world of mining that has thus far fended off any effects of the BTC price dropping. In summary, Bitcoin adjusts the complexity of mining to keep a level of a block being mined …
Crypto market takes a bashing As the holiday season approaches, it is time to start reflecting back over the past year. Bitcoin is going to generate some fascinating conversations ever since the BTC mania this time last year. At that point, college grads were returning home with news of the all-new digital cash, and of …