Tagged: ethereum

Citing Low and Volatile Crypto Prices, Argo “Temporarily” Drops Cloud Mining Program

Due to “challenging conditions” in crypto markets, Argo Blockchain (LSE:ARB), a cryptomining firm that went public in the UK last year, is no longer accepting new customers for its “mining-as-a-service” program (also known as “cloud mining”), and will terminate all contracts as of April 1,… Read More

“Are Investors Delusional?”: 93% of Ethereum dApps Show No Transactions

An article by a reporter at Bitcoinist has revealed that 93% of “dApps” (decentralized applications) built to run on the Ethereum crypto network had no transactions on the day they were examined. User rates were slightly better, at 86%, but without transactions, it seems likely… Read More

NASDAQ Partners with Brave New Coin on Bitcoin and Ethereum Index

Nasdaq is moving up the crypto ladder with a new “data dissemination relationship” with Brave New Coin (BNC). The partnership will send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS) starting on Monday, February 25th. The Bitcoin Liquid Index (BLX)… Read More

Cryptocurrency: MetaMask Malware Hijacks Clipboard to Steal Ethers

Malware designed to intercept and replace digitally-copied cryptocurrency addresses with those belonging to hackers has been found in a fake MetaMask app available until recently at the Google Play app market. According to cybersecurity firm WeLiveSecurity, the malicious app, “Android/Clipper.C” was, “…spotted shortly after it was… Read More

EOS and TRON Have Eclipsed Ethereum for Gambling

“Decentralized apps” (dApps) built to run on newer cryptocurrency blockchains Tron and EOS have steadily taken over from Ethereum as gamblers’ financial media of choice, DIAR reports. Ethereum still processed $7.6 billion in dApp transactions in 2018, but this was mainly business coming from trades… Read More

Prolonged Hack on New Zealand Cryptopia Exchange Continues

Researchers at blockchain forensics firm Elementus who extensively documented the days- long, $16 million USD hack against New Zealand-based crypto exchange Cryptopia two weeks ago now claim that the same hacker has struck again at Cryptopia. According to Elementus, “Though Cryptopia remains silent…” about the… Read More

Online Blockchain Education Provider B9lab Announces Blockstars Community Programme to Offer Free Ethereum Training For 1,000 Students

Online blockchain education provider B9lab announced on Tuesday it is launching its Blockstars Community Program to offer free mentoring, training, and certification in Ethereum for 1,000 aspiring blockchain developers. According to B9Lab, the Blockstars Community Programme aims to make quality education available for a diverse… Read More

Chainalysis: Ethereum Scammers Doubled Profits in 2018

Many have seen ads on social media from fake accounts of “celebrities” asking followers to send Ethereum cryptocurrency and receive much more back. According to Blockchain forensics” firm Chainalysis, these scams were much more profitable last year. In 2018, ETH-scam pervaders boosted their profits from… Read More

“Airdrop” Awry: Korean Crypto Exchange Accidentally Sends $5.3 Million in Crypto to Users

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

A Review Of The Proposed “Token Taxonomy Act” and Why It Falls Short…

While most people were busy with last minute Christmas shopping, on December 20th of last year, Representatives Warren Davidson and Darren Soto were busy finalizing and introducing the proposed new “Token Taxonomy Act” (HR 7356). The proposed Token Taxonomy Act seeks to modify both existing… Read More

Augur “Prediction Market” Inflating User Numbers, Crypto Pundit Says

Alex Sunnarborg, a crypto fund manager at Tetras Capital has questioned user numbers claimed by operators of the “decentralized prediction market” platform Augur, Cointelegraph reports. On Jan 10th, Sunnarborg claimed on Twitter that, in its most recent weekly report, Augur had inflated its user numbers by… Read More

Malta Actor Says His Name and Image Used to Falsely Promote “Bitcoin Related Scam”

A Maltese-Italian actor and model named Davide Tucci has taken to Facebook to warn the public that his face and name are being used in fake Facebook ads, on websites and and in articles to promote Bitcoin-related scams, Malta Today reports. According to Tucci in… Read More

æternity Invests in weiDex to Develop Decentralized Exchange

æternity, the blockchain 3.0 platform, has partnered with weiDex, a decentralized cryptocurrency exchange. The Liechtenstein-Bulgaria partnership includes a $100,000 USD investment that will facilitate the development of the first decentralized exchange by weiDex, which will operate on the æternity blockchain utilizing the protocol’s technological stack…. Read More

70-80% of South Korean Cryptocurrency Mines Close As Costs Exceed Prices

At the top of markets in December 2017, mining an Ether, the native cryptocurrency of the Ethereum network, cost about 240,000 Korean won ($213 USD), and that Ether could be sold for 2.3 million won ($2093 USD). At that time, South Korea was the third… Read More

Indian Police Arrest 10 in “GB21” Crypto Ponzi Fraud Case

Cybercrime police in the Indian city of Pune have arrested 10 individuals accused of defrauding 8000 investors in a Bitcoin-related Ponzi scheme called “GB21.” According to The Times of India, the leader of the scheme, Amit Bharadwaj, and his brother Vivek, ran a company called Gain Bitcoin,… Read More

Report: Layoffs at ConsenSys, Ethereum’s Largest Start Up, Could Go to 50%

ConsenSys, Ethereum’s largest start-up, may be downplaying the size of impending layoffs at the company in order not to scare off potential investors, The Verge reports. Not so, says the company. Earlier this month, ConsenSys founder and “cryptobillionaire” Joe Lubin circulated a letter to company… Read More

Security Token Platform Prometheum Reports $12 Million Investment from HashKey Digital Asset Group

Prometheum, Inc. reports it has raised $12 million from HashKey Digital Asset Group Limited. Without breaking down the details, Promotheum said the investment was a mix of cash and services. HashKey is a holding company focused on investment in the Fintech and blockchain industries. Prometheum proposes the… Read More

Hulkster Dark Net Dealer Gets Crypto Seized by Irish Authorities as “Proceeds of Crime”

Neil Mannion, a convicted drug dealer who allegedly traded on darknet sites such as Silk Road and Agora under the name ‘Hulkster’, has lost a legal battle to keep his crypto, according to a report in the Irish Examiner. Judge Carmel Stewart approved a request… Read More

More Layoffs at an Ethereum Start Up: Didn’t See Bear Market Coming

An Ethereum-inspired browser startup called Status is cutting 25% of its staff (about 25 employees) in an attempts to weather the particularly bad “crypto-winter” it failed to anticipate: “This happened because we budgeted based on an assumption of a higher floor in the event of… Read More

Hackers Escalating Ethereum Thefts in Advance of Possible Further Price Declines

Hackers have tripled their efforts this month to rip off “exposed” Ethereum wallets and mining equipment- probably in an attempt to profit while the profiting’s still good, ZDNet reports. In fact, attack frequency has been furious for the past week, said Troy Mursch, co-founder of… Read More

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