Tagged: bitcoin

February 8, 2019 @ 1:44 am By Cali Haan  |  

Bankers at Korea’s central bank, the Bank of Korea, have issued one of the most decisive warnings against the creation of a central bank-backed cryptocurrency so far, The Korea Times reports. International Monetary Fund head Christine Lagarde called last year for an “even-handed approach” to… Read More

February 7, 2019 @ 3:38 am By Cali Haan  |  

Veteran cryptographer Bruce Schneier has strongly attacked “trust automation” value claims by blockchain advocates in a piece published in Wired this week called, “There’s No Good Reason to Trust Blockchain Technology.” He also called cryptocurrencies “useless” to anyone but spectators and criminals: “Honestly, cryptocurrencies are useless…. Read More

February 6, 2019 @ 3:01 pm By Samantha Hurst  |  

Coinbase announced on Tuesday it is now offering Bitcoin support on its Coinbase Wallet service. Coinbase reported that users may now store their Bitcoin directly in the Coinbase Wallet app, which already supports Ethereum, Ethereum Classic, and more than 100,000 different ERC20 tokens, and ERC721 collectibles… Read More

February 6, 2019 @ 9:23 am By Samantha Hurst  |  

Aave, a UK-based tech company which specializes in the development of decentralized and hybrid blockchain applications, announced on Wednesday the launch of bitcoin on its crypto lending marketplace platform, ETHLend. According to Aave,  ETHLend is a lending peer to peer marketplace where users can borrow money using their… Read More

February 6, 2019 @ 2:21 am By Cali Haan  |  

Three large banks in Japan, players in the country’s “crowded” payments market, have decided to abandon a cooperative pilot undertaken in 2017 to create a peer-to-peer remittance network, Nikkei Asian Review (NAR) reports. The three banks- Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group– will… Read More

February 5, 2019 @ 12:05 pm By Cali Haan  |  

Claims by current operators of the Canadian cryptocurrency exchange QuadrigaCX that the company has “lost” cold wallets containing more than $150 million in crypto are being disputed by a researcher at the Zerononsense blog. QuadrigaCX filed for creditor protection last week, and according to Zerononsense,… Read More

February 5, 2019 @ 10:26 am By Cali Haan  |  

A young “crypto anarchist” going by the name of “John Galton” who claimed to be fleeing marijauna-related charges in the US has been shot dead in his home in Acapulco, NBC San Diego reports. The young man’s male friend , Jason Henza, 43, was reportedly… Read More

February 3, 2019 @ 12:08 pm By Cali Haan  |  

Oakland, California resident Sandford Bemi Faison is being held on charges alleging he tried to buy a toxic chemical on the Dark Net in order to poison his estranged spouse, The Los Angeles Times reports. The intended victim is also the mother of the accused’s two… Read More

February 3, 2019 @ 10:53 am By Cali Haan  |  

Joel Ortiz, a 20-year-old California college student, has accepted a plea deal and has agreed to a sentence of 10 years for stealing $5 million in cryptocurrencies from victims he robbed via SIM-swap hack, Motherboard reports. Ortiz will be sentenced on March 14, and it… Read More

February 1, 2019 @ 10:11 am By Samantha Hurst  |  

Wikipedia operated nonprofit Wikimedia Foundation, has formed a partnership with Bitcoin payments processor Bitpay to accept Bitcoin and Bitcoin Cash donations. According to the duo, all of the Wikimedia Foundation’s work is driven by its vision to create a world in which everyone can freely share in… Read More

February 1, 2019 @ 3:52 am By Cali Haan  |  

Bitfury, one of the world’s largest cryptomining  and “blockchain-services” firms has announced it is partnering with the Korea-based company Commons Foundation, “to open and operate Bitcoin transaction processing centers in Paraguay as part of the foundation’s “Golden Goose” initiative to expand cryptocurrency and blockchain innovation… Read More

January 31, 2019 @ 2:45 am By Cali Haan  |  

A nurse from Rancho Cordova, California, has been arrested by federal agents in the US and charged with conspiracy and distribution of fentanyl for allegedly selling more than 20 ooo prescription opioid pills and patches over the Dark Net for bitcoins, The Sacramento Bee reports…. Read More

January 30, 2019 @ 3:51 am By Cali Haan  |  

Hackers may have created a fake LocalBitcoin forum page for the popular global peer-to-peer Bitcoins trading service LocalBitcoins, thereby conning “a number” of affected users out of disclosing the info needed to steal their digital coins. According to a report from LocalBitcoins on Reddit, the… Read More

January 30, 2019 @ 2:42 am By Cali Haan  |  

JP Morgan analysts have written that the main value of cryptocurrencies would be in situations of “dystopia” where investors have, “lost faith in all major reserve assets (dollar, euro, yen, gold) and in the payments system,” Business Insider reports. According to “a note dated January 24th,”… Read More

January 25, 2019 @ 8:51 am By JD Alois  |  

The Massachusetts Institute of Technology (MIT) has always been an active participant in the crypto industry but typically this engagement has been more in the form of commentary. This week, researchers at MIT have dived into crypto by creating the ability to build a better… Read More

January 24, 2019 @ 9:28 am By Cali Haan  |  

VanEck has withdrawn it’s its SEC application for a rule change that would allow the company to list a Bitcoin ETF on the Cboe exchange. According to the relevant release from the SEC, VanEck first filed for the rule change on June 20th of last… Read More

January 23, 2019 @ 1:27 pm By Samantha Hurst  |  

Onfido, a U.S. based identity verification platform, announced on Wednesday it has formed a new partnership with BitPay to accept secured payments in Bitcoin. Onfidio reported that BitPay is also using its technology to meet Know Your Customer (KYC) requirements and onboard new users to its platform… Read More

January 23, 2019 @ 12:08 pm By Cali Haan  |  

A Korean exchange called Coinzest accidentally sent users $5.3 million in Bitcoin and Ethereum last week, Cryptonews reports. Coinzest was in the midst of conducting a promotional “airdrop” of a crypto token called WeGameTokens (WGT), but thanks to a “computer error,” the exchange sent users… Read More

January 22, 2019 @ 9:50 pm By Cali Haan  |  

Police in South Africa have arrested suspects believed to be behind the kidnapping of a 13-year-old boy from Witbank and the attempted kidnapping of a 13-year-old girl from Middelburg, Times Live reports. The boy was reportedly kidnapped “in broad daylight” close to his home on… Read More

January 22, 2019 @ 11:07 am By Cali Haan  |  

Seven men police believe conspired to rob multiple Bitcoin “mines” in Iceland have been convicted, and their leader sentenced to 4.5 years in prison, Icelandic news outlet DV reports. Starting in December 2017, and for several weeks thereafter, six men led by Sindri Thor Steffanson allegedly robbed… Read More