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…
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…
The SEC Settles Registration Charges with two Crypto Startups
The United States Securities and Exchange Commission has continued its in-depth assessment of Initial coin offerings (ICOs) with the body reaching a settlement on two crypto startups. Initial coin offerings (ICOs), may be important platforms for crypto projects to raise…
Shell and BP back Blockchain platform that will boost trading in the energy industry
Oil industry giants BP and Shell are among a group of business entities plotting the launch of a Blockchain platform that will automate post-trade processes in the energy industry this year. This news was revealed by VAKT Global, a consortium…
Technology Giants Bosch and IOTA Partner to Launch New Device for IoT Data Collection
Bosch, an electronic manufacturing giant has partnered with IOTA in a bid to integrate its new data collection internet of things (IoT) device with the decentralized IOTA Data Marketplace. This is according to a tweet made by a Bosch representative…
CoinMine Set to Launch a Crypto Mining Device that Will Look like an X-box
“Crypto mining” was the phrase on almost every crypto enthusiast’s lips during the height of the crypto Boom in mid-2017. The sharp decline of the markets has however poured cold water on the desire by many to get involved in…