Within the past seven days, the crypto market has been slashed $65 billion in a trend that saw major coins including Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) plunge in market values with some assets losing up to 50%…
Overstock’s Founder Plans to Sell the Company’s Retail Arm inorder to Concentrate on Blockchain Projects
The founder and owner of retail giant Overstock, Patrick Byrne, has revealed plans of soon selling the retail arm of the company to focus on the blockchain, by early next year, according to a November 23 issue of The Wall…
The IMF Backs Further Exploration of State Backed Digital Currencies
The chairman of the international monetary fund (IMF) Christine Lagarde has encouraged the exploration central bank of digital currencies (CBDCs) amid declining demand for cash and an increased demand for virtual money. Speaking at the Singapore Fintech festival, Lagarde said…
Norway Scraps Electricity Subsidies for Norwegian Bitcoin Mining Firms
Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise…
Amazon Web Services Glitch Puts Major Crypto Exchanges Offline
Nationwide failure of critical Amazon web services (AWS) servers caused two major South Korean crypto exchanges to go offline Thursday morning. Major internal server failures plaguing AWS, one of the leading cloud services providers led to activities at crypto exchanges,…
Survey Shows that Bitcoin’s use as a Payment Option has Declined in 2018
A chainanalysis study cited by Reuters this past Tuesday shows that the commercial use of Bitcoin (BTC) has dropped considerably this year. Chainanalysis reportedly conducted a survey on 17 Bitcoin payment processors in preparation for the study. The survey showed…
Kobe to Headline TRON’s 2019 Crypto Summit as Special Guest Speaker
Basketball legend and 2 time Olympic gold medalist, Kobe Bryant, will be headlining the 2019 TRON conference as a special guest of TRON owner, Justin Sun. Kobe Bryant will be giving a landmark speech to inspire young entrepreneurs and crypto…
Blockchain attorney: “No correlation between SEC’s actions and bitcoin prices!”
The bear effect in the crypt market has proved persistent with frequent market blips giving investors a run for their money. The recent action by the US financial regulatory watchdog SEC on two ICOs (AirFox and paragon) has seemed to…
Bitcoin (BTC) Ahead with Gains: Drops Back Again with Another Dip
Bitcoin, the first and the original cryptocurrency, has seen its lowest price in 2018 by declining to 4,446$ and at one point going even slightly below the initial price. The crypto was able to take a brief pause with the…
Cyber Security Firm Trustwave Detects Crypto-jacking Malware on the Make-A-Wish Foundation’s Website
A November 19 post by cybersecurity firm Trustwave has indicated that hackers had infected global non-profit organization, make-a-wish foundation’s network, with dangerous malware. Trustwaves’s researchers have revealed that the crypto-jackers managed to virtually lodge a JavaScript (js) miner CoinImp, into…
$4B Bitfinex Heist: Hacker’s Testimony Reveals Crypto Theft and Laundering
In a stunning turn of events, Ilya Lichtenstein, a hacker involved in the infamous Bitfinex…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
