August 2018

The Daily: Crypto Self-Regulatory Organization, 100 BTC Whistleblower Reward

In today’s edition of Bitcoin in Brief we cover a couple of stories that show how the cryptocurrency industry is trying to police itself. One group of companies has begun working on the formation of a self-regulatory organization and another… Continue Reading →

Three Suspects in China’s Biggest $87 Million Cryptocurrency Heist Arrested By Police

Chinese police have recently arrested three men for hacking and stealing 600 million yuan ($87 million) in cryptocurrencies. According to the South China Morning Post, the Xian Police officers stated on Saturday, August 18, 2018, that when it came to… Continue Reading →

Tokens Record Losses as Major Cryptos Struggle; Bitcoin Stable at $6,500

Usually, stability in the Bitcoin price leads to an increase in the momentum of tokens. On August 21, tokens recorded the largest losses in the global crypto market. Tokens Unstable In the past 24 hours, tokens such as Tezos, Kin,… Continue Reading →

150-Year-Old MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore

MetLife has started tests on an automated insurance solution that will see enrolled pregnant women in Singapore get an automatic payout in case they are diagnosed with gestational diabetes. Developed by LumenLab, the innovation center of MetLife Asia, the experimental… Continue Reading →

Nvidia’s New GeForce RTX Graphics Not So Attractive for Mining

Nvidia has announced its new generation of GPUs with the new GeForce RTX platform and while they do seem interesting in terms of new graphics capabilities, they do not seem that attractive for miners at this point. The whole focus… Continue Reading →

Thai Central Bank Defends Cryptocurrencies

In the high-profile Thai crypto fraud case involving an actor, Thailand’s central bank has clarified that the fraud is not related to cryptocurrency trading, but a general misuse of money. Thailand has recently legalized seven cryptocurrencies, authorized seven crypto firms,… Continue Reading →

Cryptocurrencies in Asia: S.E.A Countries Develop Crypto-Economy and Lure Businesses

Philippines, South Korea, and Thailand ease regulations to lure fintech investment as southeast Asia. In August 2018, The Cagayan Special Economic Zone and Freeport in the Northern Philippines were launched with a $100 million blockchain hub, with the hopes of… Continue Reading →

‘Bitcoin? Hope and Hype’: Swiss Stock Exchange Isn’t Adding Crypto to Crypto Assets Exchange

Cryptocurrency trading will not be part of the features of Swiss stock exchange’s new digital asset platform. This decision is not due to the lack of capacity to implement such, but basically an issue of priority. “The capability is there… Continue Reading →

Open and Closed Source PHI2 AMD GPU Miners Available

If you are interested in mining LUXcoin (LUX) on AMD GPUs you migh not be verry happy that there are actually not that much miners available for the new PHI2 algorithm it currently uses, not to mention that Nvidia is… Continue Reading →

PR: No More Waiting – Ronaldinho Soccer Coin Crowdsale Goes Live

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or… Continue Reading →

South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax Evaders

Since implementing the cryptocurrency tax regulation back in April 2018, the South African Revenue Service (SARS) appears not to be satisfied with the level of tax remittances by cryptocurrency investors in the region. MyBroadband reported on August 19, 2018, that the SARS… Continue Reading →

South Africa’s Tax Agency Targets Tax-Evading Cryptocurrency Traders

South Africa’s tax agency is looking into methods for identifying tax-dodging cryptocurrency traders, the acting head of the authority has revealed. The South African Revenue Service (SARS) is studying ways to spot non-compliant cryptocurrency traders in order to investigate any… Continue Reading →

Trump vs Erdoğan: Bitcoin Is the Answer to Turkey’s Financial Chaos

Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey under President Recep Tayyip Erdoğan, potentially deepening an already fragile financial situation. Turkey’s lira has crashed double digits in recent… Continue Reading →

Indian Police Arrest Asian Chief of Multi-Billion Crypto Scheme Bitconnect

A high-ranking promoter of Bitconnect has been arrested at the Delhi airport India for his involvement in the alleged multi-billion dollar Ponzi scheme that blew up earlier this year. Bitconnect was touted as a multi-level marketing venture wherein a trading bot would generate… Continue Reading →

Bitcoin Finds Footing at Current Levels Amid a Quiet Newsflow Week: Week in Review August 20

After two consecutive bear market weeks, the price of bitcoin closed the week effectively unchanged around the $6,400 mark. In a volatile seven days, bitcoin (BTC) traded in a range between $6,000 and $6,600 but managed to maintain last week’s… Continue Reading →

Thailand: Stockbroker Indicted in $24 Million Bitcoin Fraud Pleads Innocence as Victim

Prasit Srisuwan, a well known Thai stock investor who has been roped into the ongoing probe over a $24 million bitcoin fraud case has denied being a party to the fraud. The Bangkok Post reports that Srisuwan told a press… Continue Reading →

Weekly Analysis of Cryptocurrencies

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Coinbase Files Patent to Boost Security For Cryptocurrency Wallets

Coinbase has filed a patent concerning a new technology designed to increase the security of cryptocurrency wallets. Coinbase’s patent was filed on August 14, 2018, and has been submitted to the United States Patent and Trademark Office (USPTO). The goal… Continue Reading →

Trans-Fee Mining Model: FCoin, the Chinese Cryptocurrency Exchange, Is Overturning the Industry

FCoin, the cryptocurrency exchange born in China, is changing the whole industry with its groundbreaking model “Trans-Fee Mining” and its revenue distribution. Late this May, FCoin opened its official trading. Its unique “Trans-Fee Mining” model quickly gained notoriety and attracted… Continue Reading →

China Updates Crypto Ranking – Nuls and Tezos New Entrances

China has updated its crypto ranking, adding two projects to the previous month’s list. Bitcoin Core (BTC) has significantly improved, making the top 10 list for the first time. Crypto projects are ranked in three categories: technology, application, and innovation…. Continue Reading →

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