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…
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…
Bitmain Sues Hacker for Alleged Theft of over 5.5 million in Virtual Assets
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…
Scientists Say that Bitcoin Adoption Could Exacerbate Global Warming
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…
Unocoin Co-founder Arrested for Setting up Bitcoin ATM in India
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…
23 year old Woman Arrested for 65,000 Crypto Hack in Sydney Australia
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…
Fidelity’s Heavy Endorsement Could See Crypto’s Stature as an Asset Class Solidifed
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…
Leaked NSA Software tip Causing Bitcoin and Monero to Becoming targets for Hackers
It has been revealed that hackers are illegally generating Bitcoin, Monero and other cryptocurrencies by making the most out of a software flaw leaked from the United States government. This information raises serious questions about the security of one of…
Is Ethereum (ETH) in Trouble with the Latest Low?
Ethereum hit another low this year, alongside with losing 70% of its value in 2018 which was predicted to be THE year for cryptocurrencies, so many are wondering is Ethereum in trouble with the most recent performance. It seems that…
Eminem Gives Props to Bitcoin in His Latest Album “kamikaze”
The original or ancestor of all cryptocurrencies, Bitcoin, got some props from the original or ancestor of all popular white rappers, Eminem, on a record likely to feature in his next album. This is a case of yet another mainstream…