Tagged: bitcoin

Pakistan Introduces Cryptocurrency Regulations at State Bank Ceremony

Pakistan legislators introduced proposed laws to regulate Electronic Money Institutions (EMIs) at a ceremony held at State Bank of Pakistan offices Monday in Islamabad, The Tribune reports. The rules were reportedly created at the behest of the country’s Financial Action Task Force and are intended to… Read More

Whale Buy and Bot Response May Have Triggered Latest Bitcoin Price Rally

An anonymous trader who recently placed $100 million USD worth of concurrent Bitcoin buy orders on Coinbase, Kraken and Bitstamp probably triggered a ‘frenzy’ of automated buys, a source to Reuters claims. These factors contributed to Bitcoin’s recent price jump of up to 20% on… Read More

Hamas Continuing to Seek Cryptocurrency Donations

Despite raising only a few thousand dollars in bitcoins thus far, Hamas, a militant organization that has fought for years to restore Palestine, is continuing to encourage supporters to make donations using cryptocurrencies, Forbes reports. Israeli press outlets initially sounded the alarm about Hamas crypto… Read More

Global Crypto Platform Liquid Launches Leveraged Bitcoin Contract-For-Difference Product

Global cryptocurrency platform Liquid announced on Tuesday it has launched its own leveraged Bitcoin Contract-for-Difference (CFD) product, known as Liquid Infinity. According to Liquid, Liquid Infinity is a highly leveraged Bitcoin CFD that will allow traders to speculate on the price movements of Bitcoin against… Read More

Bitcoin Rising: Most Popular Crypto Tops Hovers Around USD $5000 for First Time Since November

Is Bitcoin back? That depends on who you talk to. The worlds most popular cryptocurrency, at least by market cap, is hovering around USD $5000 for the first time in months. Just a few days ago, Bitcoin was closer to $4000. The increase in price… Read More

Japan Prosecutors Will Not Appeal Disgraced Mt Gox CEO’s Acquital

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

Two US Chemical Firms Hobbled by Same Ransomware as Norsk Hydro

Operations at the American chemical firms Hexion and Momentive were disrupted March 12th when company computer systems were locked up by LockerGoga ransomware, Motherboard reports. LockerGoga is the same ransomware experts believe was used to cripple operations at American and European aluminum smelters run by… Read More

Crypto Trader Lost $100 000 CAD in QuadrigaCX Exchange’s Final Hours

The disastrous demise of Canadian cryptocurrency exchange QuadrigaCX has been well covered to date, including: the mysterious, sudden death of founder Gerald Cotten in India in early December 2018. the criminal past of Quadriga co-founder Michael Patryn. the alleged $190 million USD “loss” of client funds… Read More

CoinMarketCap Admits it Has Data Accuracy Problems Regarding Crypto Exchange Reporting

Cryptocurrency market data aggregator CoinMarketCap.com, a reported “top 500″ cryptocurrency website, has admitted that concerns about the accuracy of data on its site recently expressed in an ETF affiliated document at the Securities and Exchange Commission (SEC )”are valid,” Bloomberg reports. In order to reduce… Read More

UC Berkeley Technology Researcher Calls Bitcoin “Bovine Excrement”

Nicholas Weaver, a senior researcher at the International Computer Science Institute at the University of California-Berkeley, called Bitcoin ‘bovine excrement’ during a recent episode of Bloomberg’s “Odd Lots” podcast. This is not the first time Weaver has panned Bitcoin and “blockchain,” distributed ledger technology that undergirds bitcoin… Read More

Accused Bitcoin Launderer Alexander Vinnik Appeals for Humanitarian Release

Alexander Vinnik, a 39-year-old Russian national accused by three countries of crimes involving bitcoins, including money-laundering and fraud, has filed an appeal with a court in Piraeus, Greece, asking that he be released from prison on humanitarian grounds and returned to Russia, Ekathimerini reports. Vinnik… Read More

Report: ICE Has Raised $740 Million to Launch Crypto Trading Platform, Bakkt

Bakkt, a cryptocurrency futures trading and custody platform being built by the Intercontinental Exchange (ICE) in New York, has raised $740 million USD from Series A investors to date, The Block reports. The project raised $182.5 million last year, and new funds may have come… Read More

Bitmain Says its New Equihash Cryptominer 3X Faster

Bitmain-ASIC-chip

One of the world’s largest cryptomining companies, Bitmain, has announced the release of a new crypto mining machine it claims is three times faster than its previous model. The new “Antminer Z11” is designed for the dedicated mining of cryptocurrencies that use the Equihash algorithm… Read More

Missoula County Acts to Limit Crypto Mining Energy Consumption

Town councilors in Missoula, Montana, have voted to draw up interim zoning rules to govern cryptocurrency mining in the region as well as limit the environmental impact of the sector, The Missoula Current reports. The rules could come into place as soon as April 4th… Read More

Georgia County Pays $400 000 in Bitcoins to Repel Ryuk Ransomware Attack

Officials in Jackson County, Georgia, have relented and paid a $400 000 ransom in bitcoins to restore county IT systems disabled by Ryuk ransomware since March 1st, Bank Info Security reports. The FBI and local law enforcement are now investigating the attack. Jackson County now… Read More

CBOE Will Not Issue More Bitcoin Futures in Immediate Future

The Chicago Board of Options Exchange (Cboe) has announced that it will not be adding new Bitcoin futures contracts this month or next. According to a release from the Chicago Futures Exchange (CFE), a division of the Cboe: “CFE is assessing its approach with respect… Read More

Report Shows Bitcoin is Grossly Energy Consumptive. But is Proof-of-Stake Relevant for Bitcoin?

Alex de Vries, Digiconomist.net founder and a blockchain specialist at PwC’s Experience Centre since 2015, has produced an important report on the Bitcoin network’s extreme energy consumption and waste production, which far exceed that generated by regular banking. De Vries conclusion that Bitcoin should “follow… Read More

Young Man Prosecuted in Japan for $134 000 Monappy Crypto Theft

An 18-year-old young man in Japan has been turned over to prosecutors to face allegations he hacked 15 million yen ($134 ooo USD) worth of Mona cryptocurrency from a “digital currency storage website,” Japan Today reports. Police claim this is the first time charges have… Read More

Universal Protocol Alliance Launches Interoperable Bitcoin “Universal Bitcoin (UPBTC)”

The Universal Protocol Alliance, a group of leading blockchain companies including Bittrex International, Brave, Blockchain at Berkeley, Uphold, Cred and CertiK, announced earlier this week the launch of its Universal Bitcoin (UPBTC), which is described as an Ethereum-compatible Bitcoin that earns an annual ten percent… Read More

Ransomware Defense: Tips for Small Businesses

2018 was an eventful year for ransomware attacks on North American soil and elsewhere. In November, the American Justice Department indicted two Iranians for alleged ransomware attacks on 200 government, institutional and private targets in the US, including an attack on the Port of San… Read More

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