Crypto currency and Blockchain News
Chinese based Bitcoin mining giant Bitmain, has sued an anonymous hacker for the alleged theft of 5.5 million worth of crypto from the mining company’s account back in April. The lawsuit was filed with the US District Court for the western district of Washington at Seattle on the 7th of November. The court document stated […]
After the much televised 2016 dustup, America is set to go to the polls again today. This time not to vote for a new president but rather to vote in local leaders in the US Senate, House of Representatives and governorships. This happens every two years and is known as Mid-term elections, which is a […]
Despite the global tides in crypto demands, demand for crypto in the tiny East African country of Uganda continues to rise steadily. This is surprising considering that three out of four people in that country are unbanked. According to an exclusive given to crypto publication, Coindesk, Binance Uganda reportedly signed up 40,000 users in only […]
Scientists have raised a new alarm over climate change, this time showing concern over Bitcoin’s carbon footprint. Scientists are gravely concerned over Bitcoins impact on the earth’s global warming. The report posted on nature.com extrapolates data that currently exists on Bitcoin’s electricity consumption along with projections of electricity consumption should Bitcoin be largely adopted in […]
Authoritative and dependable Chinese crypto publication, CnLedger, has reported that Chinese merchants are now legally allowed to accept cryptos as payment methods. Reports further state that the Shenzhen court of international arbitration has officially recognized Bitcoin as property, a move that will allow individuals as well as business entities to own and transfer bitcoin without getting […]
37-year-old Harish BN was apprehended this week by the cyber crime police unit in Bengaluru India, for reportedly running a Bitcoin ATM without the relevant approvals. Harish is the cofounder of Unocoin, a blockchain based company responsible for setting up India first bitcoin ATM. The ATM had been set up only a week earlier at […]
Crypto crimes continue to rear their ugly head with a new incident reported in Sydney Australia where a 23-year-old young woman was apprehended for stealing $65,000 worth of crypto from a 56-year-old man. The lady as reported by the Brisbane times hacked into the man’s account via email where she bypassed the 2 step verification […]
The world’s fourth-largest asset manager, Fidelity launched its crypto custody October 15th. Abigail Johnson the asset management firm’s CEO stated that the firm’s long-term strategy was to make Bitcoin and the rest of the crypto space more accessible to budding investors. The CEO stated that the firm’s goal was to make digitally native assets such […]
The head of Korea’s Financial Services Commission Choi Jong-Koo has reiterated his negative stance on digital currencies and Initial Coin Offerings (ICOs), according to an October 11 report by Business Korea. The chairman of Korea’s top financial commission spoke at a parliamentary audit session of the commission held at the National Assembly. South Korea’s stance […]
Much of the speculation and propaganda has spread on Sachs Goldman’ stance on much-hyped plans to launch a Bitcoin Trading Desk. These speculations came to light, especially after a report by Business Insider announced that Goldman Sachs was deprioritizing its near-term plans to launch a Bitcoin Trading Desk to allow it to fully focus on […]