Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service?

Created by Crypto Coins News at 20-01-2019 19:39:31 +0000

By CCN.com: The Bitfury Group, an early bitcoin mining firm turned global blockchain company based out of London, has announced that it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technolo…

Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

Created by Crypto Coins News at 20-01-2019 15:55:23 +0000

By CCN.com: With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent,…

What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop?

Created by Crypto Coins News at 20-01-2019 11:21:12 +0000

By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses …

Indonesia’s First Billion-Dollar Unicorn Acquires Philippine Bitcoin Wallet

Created by Crypto Coins News at 20-01-2019 05:11:51 +0000

By CCN.com: On Jan. 18, after an unsuccessful attempt to enter the Philippines market earlier this month due to foreign ownership concerns, Go-Jek, a major Indonesian ride-sharing platform has announced a partnership between with Coins.ph, a local crypto wall…

Turkish Crypto Exchange Sistemkoin’s Disturbing Security Flaw Reveals Major Withdrawal Complaints

Created by Crypto Coins News at 20-01-2019 04:17:41 +0000

By CCN.com: Turkish crypto exchange Sistemkoin had done $68 million in volume over the 24-hour period at time of writing. However, according to a report from a user and security researcher, there are significant security problems with the exchange. The exchan…

VanEck Unfazed by Shutdown's Impact on Bitcoin ETF Application

Created by Crypto Coins News at 19-01-2019 19:35:54 +0000

By CCN.com: Investment manager VanEck remains confident about its bitcoin ETF application, despite the US government shutdown. Why? Because the firm believes it has laid a robust foundation for the VanEck/SolidX Bitcoin ETF to eventually win SEC approval. "I …

The social layer is ironically key to Bitcoin's security

Created by TechCrunch at 19-01-2019 19:17:01 +0000

A funny thing happened in the second half of 2018. At some moment, all the people active in crypto looked around and realized there weren’t very many of us. The friends we’d convinced during the last holiday season were no longer speaking to us. They had stop…

Russia's Not Buying Bitcoin, Dx.Exchange's Shady Past, and Ethereum's Hard Fork That Wasn't: This Week in...

Created by Crypto Coins News at 19-01-2019 17:05:39 +0000

By CCN.com: This week in crypto saw several interesting developments as regard exchanges, exit scams, and at least one failed ICO-funded company in the form of Giga Watt. Crypto Media Clings to Story of Russian Government Buying Bitcoin, CCN Asks for Proof CC…

South Africa: Two Arrested for Kidnapping Boy, Demanding Bitcoin Ransom

Created by Crypto Coins News at 19-01-2019 11:11:02 +0000

By CCN.com: Two people have been arrested by police in Mpumalanga, South Africa in connection with the kidnapping of a 13-year-old boy in Witbank whose family was then told to pay the equivalent of $120,000 in bitcoin (approximately 32.89 BTC at press time). …

Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019

Created by Crypto Coins News at 19-01-2019 04:24:46 +0000

Taxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country’s Internal Revenue Service (Servicio de Impuestos Internos, SII) has included a section for cryptoassets in a form that has to be filled on taxpa…

You'll Soon Be Able To Buy Bitcoin at the Grocery Store

Created by Fortune at 18-01-2019 17:05:48 +0000

Coinstar, whose machines are found in supermarkets across the country, has announced plans to let people convert cash into Bitcoin.

Blockchain sharding made so simple your dog would understand

Created by The Next Web at 18-01-2019 14:11:23 +0000

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Scaling blockchain is becoming one of the technology’s great mysteries. Does anyone know how to do it? Can it even…

Bitcoin con artists charged with $51M investment scam

Created by The Next Web at 18-01-2019 13:03:16 +0000

In Taipei, a group of Bitcoin con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of millions of dollars. Authorities formally charged a 47-year-old man surnamed Lin, along with six accomp…

Crypto Market Up $6 Billion in 4 Days: Is Bitcoin King During the Bear Market?

Created by Crypto Coins News at 18-01-2019 04:39:39 +0000

Since January 14, subsequent to a minor correction, the crypto market has added $6 billion to its valuation as the Bitcoin price maintained stability. While many cryptocurrencies, especially low market cap tokens fell substantially earlier this week, Bitcoin …

Coinstar machines will start selling Bitcoin at the grocery store

Created by TechCrunch at 18-01-2019 00:58:15 +0000

You know those machines at the grocery store that transform your gallon jugs worth of change into more usable currency? They’re about to start selling Bitcoin . To make this impulse shopping dream come true, Coinstar, the company behind those ubiquitous chang…

MIT and Stanford Professors Are Designing a Cryptocurrency to Top Bitcoin: Unit-e

Created by Fortune at 17-01-2019 17:16:05 +0000

Some of the brightest minds in America are pooling their brain power to create the Unit-e cryptocurrency.

Bitcoin Cash has failed to make use of its 8MB block size, analysts say

Created by The Next Web at 17-01-2019 17:01:46 +0000

In 2017, a veritable civil war was fought between camps of Bitcoin believers: those who sought to keep its “block size” at 1MB, and those who wanted to increase it. Those looking for bigger blocks found themselves rallying behind a then-new cryptocurrency – a…

Cryptocurrency mining malware has become self-aware (kinda)

Created by The Next Web at 17-01-2019 15:18:08 +0000

A common form of cryptocurrency mining malware has evolved and is now able to switch off security services to continue mining without being detected. Security researchers at Palo Alto Networks’ Unit 42 discovered that the malware used by cryptojacking group “…

US academics say their shardy blockchain will be 10X faster than Visa

Created by The Next Web at 17-01-2019 14:24:56 +0000

US academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges (including MIT, University of California, Standford University, and Berkely) are looking to crea…

Bitcoin theft victim sues AT&T for $224M after SIM-swap bungle

Created by The Next Web at 17-01-2019 13:45:12 +0000

Nicolas Truglia, the infamous cryptocurrency con-man already arrested for stealing $1 million in digital assets, is now being sued for a further $81 million by another one of his victims. Court documents allege Truglia worked with a crew of 25 unnamed individ…

Bitcoin ransomers arrested for kidnapping in South Africa

Created by The Next Web at 17-01-2019 09:49:17 +0000

Police in Mpumalanga, South Africa, have arrested two suspects who demanded a Bitcoin ransom following the kidnapping of a teenage boy and the attempted kidnapping of a 13 year-old girl. The kidnappers demanded just over $100,000 (1.5 million rand) worth of B…

Bitcoin Price Not Oversold at $3,000? Analyst Says Bottom is Not In Just Yet

Created by Crypto Coins News at 17-01-2019 06:27:06 +0000

Over the past 24 hours, the valuation of the crypto market has slightly dropped from $123 billion to $121 billion as the Bitcoin price fell below the $3,600 level. Affected by the short-term drop in the price of Bitcoin, some major crypto assets including Eth…

An introduction to Bitcoin and cryptocurrency mining pools

Created by The Next Web at 16-01-2019 11:02:32 +0000

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto published the Bitcoin whitepaper, the concept of mining was pretty simple. Due to the relati…

BBC news website spoofed by Bitcoin scammers

Created by The Next Web at 16-01-2019 10:15:00 +0000

Scammers have found a new way to use seemingly legitimate BBC News websites to mine Bitcoin. The scam, identified by researchers, was first discovered in the first week of January. Scammers created what appeared to be a legitimate email containing a “Display …

Anonymous Bitcoin miners are taking over the network

Created by The Next Web at 15-01-2019 16:46:53 +0000

The world’s most popular cryptocurrency is a now a little bit more decentralized, thanks to the waning influence of Bitmain and the return of the anonymous Bitcoin miner. Blockchain research unit Diar has published new data revealing exactly who has been vali…

Bitcoin Won't Succeed as Money: Pantera Capital CIO Joey Krug

Created by Crypto Coins News at 15-01-2019 04:25:29 +0000

Pantera Capital Co-CIO and Augur Core Dev Joey Krug // LinkedIn Pantera Capital's CIO Joey Krug has written an extensive thesis stating Bitcoin won't succeed as money. He stated that cash and payments are not the primary areas where blockchain technology cata…

2018 Was the Year of the ‘Stablecoin’ in Cryptocurrency. Here’s What to Expect in 2019.

Created by Fortune at 15-01-2019 01:58:40 +0000

Here are 5 cryptocurrency predictions for 2019, covering stablecoins, Bitcoin ETFs, the SEC, Facebook's WhatsApp, and prices trends.

The Ledger: 2019 Cryptocurrency Predictions, Winklevoss Twins Talk Bitcoin, McKinsey on Blockchain

Created by Fortune at 15-01-2019 01:25:09 +0000

Exploring the place where finance and technology intersect: The latest news on Bitcoin, cryptocurrency, blockchain technology, and fintech.

$950K Bitcoin ransom paid but US businessman still missing

Created by The Next Web at 14-01-2019 14:27:07 +0000

An American businesses man is still missing even though his family have paid kidnappers a ransom of nearly $950,000 in Bitcoin. William Sean Creighton Kopko, the owner of an online gambling platform, was snatched whilst in Costa Rica during September last yea…

Danish regulators go after Bitcoin trader’s unpaid tax

Created by The Next Web at 14-01-2019 12:57:04 +0000

Cryptocurrency traders in Denmark will be facing increased scrutiny. It comes after the country’s tax agency was granted permission to begin collecting data relating to cryptocurrency trades made through three exchanges between 2016 and 2018. A statement publ…