Crypto News

Bittrex Int’l Scraps ‘IEO’ amid Controversy over Crypto Startup RAID

European cryptocurrency exchange Bittrex International has scrapped its first “initial exchange offering” (IEO), just hours before the RAID crypto token sale was scheduled to commence. The cryptocurrency exchange announced the halt to the sale on Twitter, explaining that it made the decision to boot RAID from its platform after the project made “significant, last minute […]

Crypto News

Report Shows Cryptojacking Is Prime Example of Shift Towards Discreet Cyberattacks

Cybercriminals are reportedly favoring unhurried approaches in attacks made for financial gains, with cryptojacking as a prime example of this shift. IT news website ComputerWorld reported on this development on March 14. Data released by cybersecurity company Darktrace reveals that cryptojacking attempts increased by 78 percent in 2018, and, according to ComputerWorld, the company also said […]

Crypto News

Tether Claims ‘100% USD Backed’ But Crypto Community is Skeptical

On Wednesday, investors in Tether, the most dominant stablecoin in the crypto market, pointed out a change in the stablecoin’s Terms of Service and Risk Disclosure which described that its USD reserves will be composed of loans issued by Tether, not solely by cash. “Every tether is always 100% backed by our reserves, which include […]

Crypto News

Thailand’s Stock Exchange Plans to Roll Out Digital Asset Platform in 2020

The Stock Exchange of Thailand (SET) plans to roll out its digital asset platform in 2020, according to an official statement released on March 13. Following recent reports purportedly revealing the plans, the SET has confirmed that it will build a digital asset platform as a part of its three-year strategic plan from 2019 to […]

Crypto News

Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

Bolsa de Madrid (BME), Spain’s largest stock exchange, said it expects to go live by year-end with a blockchain-based system for certifying collateral pledges after testing the technology. The test “has shown a reduction in the total times of end-to-end processes exceeding 80 percent,” BME said Thursday, as well as the potential to radically improve […]

Crypto News

Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Lawsuit

For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make a class action complaint in which he is […]

Crypto News

Stock Exchange Operator Pilots Collateral Pledges Digitization on Blockchain

Major Spanish stock market operator Bolsas y Mercados Españoles (BME) has completed its first blockchain pilot for electronic certificates of collateral pledges, according to an official press release published on March 15. Implemented along with Renta 4 Banco, which is the only investment services firm listed on the BME, the new pilot intends to eliminate […]

Crypto News

Famous Swiss Investor Marc Faber Finally Buys Bitcoin

Renowned Swiss investor and central bank critic Marc Faber has finally bought Bitcoin (BTC).  Does this mean the bear market is on its way out?  Marc Faber may not be revered for his views on racial equality. But when it comes to investing, he’s up there with Warren Buffet — as far as successful track […]

Crypto News

“This Is No Way to Run a Country!” Businesses Slam Brexit Economic Suicide

Britain is running head-first into economic suicide. That’s the verdict from furious business owners in the UK as we enter the third day of shambolic Brexit votes. The latest voice to join the backlash is Carolyn Fairbairn, the head of the Confederation of British Industry (CBI), which represents 190,000 companies. Speaking of the last-minute trade […]

Crypto News

New Regulation for DLT-Based Securities May Be Necessary

The Association of German Private Banks (Bankenverband) foresees that a need for new regulation may arise from the emergence of distributed ledger technology (DLT)-based securities. The association expressed its concerns in a post on its official website on March 11, Cointelegraph auf Deutsche reported. Per the post, if securities are issued using new technologies, then […]

Crypto News

Tether Spotlight Once Again: Controversy Over 100% Peg to USD

Popular stablecoin Tether (USDT) – the world’s 9th largest cryptocurrency by means of market cap, has once again attracted the attention of the crypto community. As noticed by existing Tether investors, the project has removed previous claims that the stablecoin was entirely backed by US dollars. A new update, the date of which is unknown, […]

Crypto News

Dow Slams on Brakes While Boeing Careens Toward 8th Straight Decline

The Dow and broader U.S. stock market slammed on the brakes Thursday as Boeing headed for its eighth consecutive decline and China’s economy showed a further cooling trend. A delay in U.S.-China trade negotiations also raised the specter of a prolonged tariff war that would further undermine global economic health. Dow Stalls as US Stock […]

Crypto News

Previously Hacked Gatecoin Exchange Receives Liquidation Order Following Banking Problems

Gatecoin, a crypto exchange that was hacked in May 2016, has announced on March 13 that it has received a winding up (compulsory liquidation) order from an unspecified court. The company wrote that Gatecoin will have to cease operation with immediate effect, noting that the exchange will assist in the liquidation process in order to […]

Crypto News

Bitfury Integration to Bring Bitcoin Lightning Payments to More Merchants

Bitfury Group has partnered with business payments processor HadePay to bring lightning network-based bitcoin payments to merchants in the U.S., Canada and the EU. Bitfury Group announced Monday that it has integrated its web-based lightning network Peach Merchant API (application programming interface) with HadePay’s platform, allowing businesses to accept payments over the lightning network and “improving […]

Crypto News

US Stock Market Wobbles as China Trade Talk Sentiment Sours

The US stock market has been riding a wave of optimism stemming from optimism about a swift resolution to the ongoing US-China trade talks. However, President Donald Trump’s comments are now swinging from a “good chance” of an immediate deal to claims that he is “not in a hurry” to make one. Meanwhile, reports are […]

Crypto News

Why Tron CEO Expects Bitcoin, Crypto Assets To Rally In 2020

By many measures, the cryptocurrency space is doing as well, if not better than ever. Spencer Bogart of Blockchain Capital recently told Bloomberg that a serious argument could be made that Bitcoin (BTC), not a flashy U.S. public stock or volatile forex derivative, is the most tantalizing asset on the world at the moment. While […]

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The Model Y, Elon Musk’s Latest Unveil, Will Not Save Tesla

Tesla (TSLA) investors will have their eyes trained on Hawthorne, CA Thursday night at 8 pm ET when Elon Musk and company will unveil Tesla’s newest model, the Model Y. Some Wall Street analysts are saying the Model Y could be a major bullish catalyst for the stock. Unfortunately for Tesla investors, no matter how […]

Crypto News

Republican Leader McCarthy Proposes Blockchain Transparency in Government

Kevin McCarthy, the Republican leader of the U.S. House of Representatives, has called for an exploration to see if blockchain can make the U.S. government more efficient and transparent. In a speech before the Select Committee on the Modernization of Congress on Tuesday, McCarthy said that blockchain is “revolutionizing” the security of the financial industry […]

Crypto News

Trump Might Have Received $100,000 Donation from 1MDB Fugitive: DOJ

The U.S. Department of Justice (DOJ), which is currently headed by Donald Trump appointee William Barr, is investigating whether a $100,000 donation made to the president’s political fundraising committee came from one of the central figures in Malaysia’s 1MDB corruption scandal, Jho Low. According to the Wall Street Journal, the money was donated to the […]

Crypto News

Facebook’s Catastrophic Blackout Could Cost $90 Million in Lost Revenue

Facebook suffered its worst-ever outage on Wednesday 13th March. The downtime, which also hit related products Instagram, Messenger and WhatsApp, lasted for at least 14 hours. The blackout hit millions of users across the globe and caused Facebook stock to tumble 2 percent in after-hours trading. Every minute that Facebook is offline costs an enormous […]