Crypto currency and Blockchain News
“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 crypto mining. Crypto mining has always been a resource intensive venture, requiring loads of computing […]
A formal letter sent by the Michigan Secretary of State sees the use of crypto-currencies for political donations formally barred. The letter which was published on 8th November was in response to state legislature candidate William Baker, who had asked how crypto-currency value was supposed to be recorded for political donations. Baker had also sought […]
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 […]
Binance’s blockchain charity foundation (BCF), the social project belonging to the world’s largest crypto exchange has introduced a blockchain based donation platform. The donation project was announced Wednesday, during the world investment forum in Geneva Switzerland organized by the UN Conference on Trade and Development (UNCTAD) chengpeng Zao of Binance was among those in attendance […]
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 […]
Nexo, a crypto loans provider has let it be known that they are now accepting XRP as collateral for users to get access to loans. Nexo announced this on their official blog last week. The decision to add XRP as a collateral option was arrived at after a community poll by Nexo showed that users […]
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 year of the crypto boom 2017, also signified a big year for crypto heists since cases of crypto-jacking increased by 8,500 percent. 2018 has also come out as a big year for crypto mining malware according to a report by the cyber threat alliance in a report released last month. The report further revealed […]
Historically humans have placed value on all kinds of commodities such as cowrie shells, rice, paper, and even cigarettes in prison. None of these commodities are money in the way we know fiat currency to be. Fiat currency only has value because one central authority decided that it does and then built an entire system […]
The blockchain is at it again, this time helping to clean up the oceans which is thanks to the efforts of plastic bank. Plastic bank is a non-profit that pays people in developing countries for handing over recyclable plastic using a crypto like token system. The non-profit has been operating in the island of Haiti […]