Nicehash mining company was hacked and lost more than 4700 bitcoins, equivalent to $75 million

A Slovenia-based mining exchange, NiceHash was hacked on Wednesday the 6th and stole around 4,700 Bitcoins (equivalent to approx. $75 million at the time of hack). As per Marko Kobal, the attackers accessed the company’s systems at 1.18 local Slovenian…

Cryptocurrency Market Cap surges more than Jamie Dimon’s JP Morgan Chase this week

Jamie Dimon has become the center stage for comedy lately after he mentioned Bitcoin as Fraud. Although it shows his ignorance towards an entire ecosystem, today the crypto market cap has surpassed Dimon’s JP Morgan Chase market cap of 365 billion.…

More than 8 million dollars spent to buy virtual cats on the Ethereum Blockchain

Axiom Zen , an award-winning design studio based in Vancouver, Canada, founded by Roham Gharegozlou in 2012, has launched the online game CryptoKitties on 28th November. Built on blockchain technology, it’s already has has gone viral. As of today the December 7th,…

IOTA coin value surges to new heights with Microsoft Partnership

IOTA Foundation, a German based non-profit firm runs on its own unique network called as tangle network. IOTA boasts itself for zero transaction fees and ensures data integrity, which is unique in the cryptocurrencies world. The value of the coin…

Decentralized medical data with Blockchain from “Proof Work”

Proof Work is an Israel based technology company, founded on May 2017. Their vision is decentralized Healthcare data using technology. They are looking to leverage blockchain to bring in patient-centricity in the healthcare ecosystem. David Suter and Guy Aharonovsky are…

Bitcoin to be outlawed according to Nobel Prize winning economist Joseph Stiglitz

Joseph Stiglitz, Nobel Prize-winning economist and professor at Colombia University claimed that bitcoin “ought to be outlawed” in a Bloomberg Television interview last week. He stated: “It seems to me it ought to be outlawed. It doesn’t serve any socially useful function.”…

PwC Hong Kong starts accepting Bitcoin where as US PwC shows reluctance

PwC Hong Kong becomes the first accounting firm to accept bitcoin as a form of payment while the US PwC side still had shown its reluctance to support Bitcoin till the end of October 2017. As more and more startups…

Bitcoin hits Wall Street with a Bang via CME group

CME Group, the world’s largest traders of futures exchange and options has set a date to start trading BTC futures starting December 18th. While CBOE Futures Exchange has not yet provided a date yet. The Commodity Futures Trading Commission (CFTC)…

170 money laundering cases involves cryptocurrency in the past 6 months in Japan.

Cash is king in Japan and it still plays a major role in day to day transactions than a credit card. Japan is  one of the developed countries of the world still relies mainly on cash and less on the…