Cryptocurrencies have revolutionized the way the world looks at transactions – but they’ve also facilitated some monumental scams over the past nine years. The success of Bitcoin and a number of altcoins jumpstarted an industry that is incorporating Blockchain technology in a number of innovative ways. While the smartest minds have created some game-changing companies […]
Washington Aims at Venezuela’s Cryptocurrency in New Round of Sanctions…
The White House on Monday continued tightening financial sanctions on Venezuela, issuing an order prohibiting U.S. citizens from making any transactions in the Petro, the socialist administration’s newly launched cryptocurrency. The presidential order prohibits U.S. citizens from dealing in “any digital currency, digital coin, or digital token” issued by Venezuela after January 9, 2018. Venezuela […]
Cryptocurrency Regulation Is ‘Inevitable,’ Says IMF Boss Lagarde…
It’s only a matter of time before cryptocurrencies come under government regulation, according to the head of the International Monetary Fund (IMF) Christine Lagarde. “It’s inevitable,” she told CNNMoney, adding “It’s clearly a domain where we need international regulation and proper supervision.” She also noted that “there is probably quite a bit of dark activity […]
Facebook Moves to Ban Advertising Promoting Cryptocurrency…
On Tuesday, Facebook announced a new policy banning ads promoting cryptocurrency, as a means of preventing what the company called “financial products and services frequently associated with misleading or deceptive promotional practices.” This means that advertisers – including companies that operate fully legal businesses – will be banned from the promotion of cryptocurrencies, including bitcoin, […]
Samsung Confirms Making Chips for Mining Bitcoin and Other Cryptocurrency…
South Korean tech giant Samsung has announced that it’s developing hardware specially designed for cryptocurrency mining. The move is aimed at boosting the firm’s profits. The disclosure was made in Samsung’s latest earnings report, in which the company also said that it had overtaken Intel to become the world’s biggest chipmaker last year. “Samsung’s foundry […]
One Million People Are Waiting to Trade Crypto with Robinhood…
Robinhood Financial, the”fastest-growing online brokerage in history”, announced last week that it was getting into cryptocurrency trading. And since then, Bloomberg reports, more than one million people have put their names on the company’s waiting list in four days. Digital currency trading will mark the first paid product for Robinhood, which became wildly popular among […]
“Biggest Theft in Crypto History:” Over $400M Stolen from Japanese Crypto Exchange…
Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong with what […]
Bitcoin & Ripple Lead Cryptocurrency Rebound after Sell-Off Wiped Out Third of Market…
A total of 49 of top 50 cryptocurrencies were growing on Thursday following a bloodbath on the digital money market in the past few days. The dollar-pegged centralized tether was the only loser. Bitcoin gained over 16 percent on the day, and was trading above $12,000 at 12:35 GMT. This is still well below its […]
Beijing Wants to Kick Bitcoin Out of China…
Chinese authorities are reportedly aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. According to an internal memo from a government meeting seen by Reuters, Beijing will continue to apply pressure to the virtual currency trade and prevent the growth of risks in that market. […]
Anatomy of a Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg…
Having soared 36,000% last year and continuing its crazy run in 2018…Ripple has surged ahead of Ethereum as the second-largest cryptocurrency by market cap: Bitcoin $246BN, Ripple $143BN, Ethereum $97BN. Leaving Mike Novogratz breathlessly berating the craziness..as Ripple’s CEO is now the 5th richest man in the world…