Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the… Continue Reading →

Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the… Continue Reading →

Markets Update: Cryptocurrency Prices Tumble Before the Weekend

Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency… Continue Reading →

Bitcoin Price Rebounds Over 10 But Its Not Why You Think

The wonderful world of Bitcoin is a fascinating online roller coaster ride. What the mainstream…nThe post Bitcoin Price Rebounds Over 10 But It&8217s Not Why You Think appeared first on Bitcoinist.com.n

U.S. Realtor to Auction $44 Million Renaissance Mansion for Bitcoin

While there have been quite many properties sold for bitcoin in recent times, this $44 million 16th century edifice located in the ancient city of Rome is on the verge of entering the history books as the first mansion to… Continue Reading →

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

This week as the world watches the 2018 FIFA World Cup, a new online game called Bitcoin Cash Football has been launched where users can play as managers or players within a season of matches. Players earn fractions of bitcoin… Continue Reading →

Crypto Tech Isn’t Good Enough for National Digital Currency, Says Swiss Central Bank Director

The board director of the Swiss central bank Thomas Moser voiced his doubts about the possibility of an ‘e-franc’ state cryptocurrency when speaking at the 2018 Crypto Valley Blockchain conference in Zug, Switzerland yesterday. SwissInfo reports that Moser stated the… Continue Reading →

R3’s Not Bankrupt, But Documents Show It’s Not Flush with Cash, Either

Enterprise blockchain startup R3 is not bankrupt, but the high-profile banking consortium founder isn’t entirely out of the woods, either. That’s the takeaway from a new report in Forbes, at least. The publication, which says it was given “unprecedented” access… Continue Reading →

BXB-Miner is a New Cryptonight AMD GPU and CPU Miner

There is a new miner on the block called BXB-Miner that supports many different variants of the CryptoNight algorithm intended for AMG GPU miners, though it also supports CPU mining, that comes with a graphical user interface (kind of) as… Continue Reading →

Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

The cryptocurrency sector has indirectly influenced the fortunes GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners… Continue Reading →

US Federal Reserve Launches Cryptocurrency Index

This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database. It’s a seemingly small gesture, but one that signals to most observers crypto’s maturation, at least in the eyes of arguably… Continue Reading →

Japan Slaps 6 Licensed Cryptocurrency Exchanges with Business Improvement Orders

Japan’s financial regulator has targeted six licensed cryptocurrency exchanges to issue business improvement orders, ramping up its scrutiny of the sector. Following on-site inspections into a number of exchanges, Japan’s Financial Services Agency – the country’s financial regulator and watchdog… Continue Reading →

French President Acknowledges Initial Coin Offerings in Latest Business Reform

French President Emmanuel Macron announced a plan to transform the country’s business landscape on June 18, 2018. The changes outlined in the platform included everything from a reduction in the complexity involved while setting up a business to a more… Continue Reading →

Breaking: Mt. Gox Case Moved to Civil Rehabilitation, Creditors May Be Paid in Crypto

Creditors holding bitcoins at infamous cryptocurrency exchange Mt. Gox may recover their funds, after all, a court has ruled. According to a document posted on the Mt. Gox website, the Tokyo District Court on Friday approved a petition to move… Continue Reading →

Mt. Gox Creditors’ Legal Victory: “Enormous Assets” to be Returned

The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of… Continue Reading →

Can Squirrel Become the Next Decentralized Peer-to-Peer Internet Protocol?

In 2002, Rice University’s Sitaram Iyer and Peter Druschel, along with Microsoft Research’s Antony Rowstron presented a paper called Squirrel; a decentralized, peer-to-peer web cache alternative. A P2P Internet With Squirrel, instead of the existing web cache system used today,… Continue Reading →

NANO Issues Alert on Android App Vulnerability, Urges Users to Move Funds

NANO, which recently rebranded from RaiBlocks in January 2018, has issued a statement alerting users about a vulnerability in their android wallet, urging them to move their funds to a new wallet. This applies to anyone who generated a wallet… Continue Reading →

Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies

The Financial Supervisory Commission of Taiwan has indicated its intentions to maintain only a limited oversight of cryptocurrencies. The regulator said it’s going to focus mainly on the enforcement of anti-money laundering policies, while remaining open towards innovations like those… Continue Reading →

The Cryptocurrency Industry is the Internet Industry of the late 90s

Many parallels are drawn between the current scenario of the cryptocurrency industry with that of the internet companies in the late 90s and early 2000s. Companies have raised more than $10 billion since 2015 through Initial Coin Offerings (ICOs). Notable personalities,… Continue Reading →

EOS Price Tanks to 60-Day Low Near $9.20

EOS price tanked considerably in the past few hours to reach a 2-month low of $9.30 at press time on Friday – a significant drop of well over 11%. Just a few hours earlier at close of trade on the… Continue Reading →

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