Archive | cryptocurrencies

US Universities Weigh in on Blockchain Applications

Many academics with both a business and technology background based at American universities  have been praising blockchain technology for its broad range of applications and future potential. Blockchain applications are in growing use by governments, private companies and NGOs, and millions of dollars have been invested in researching the new technology over the past few […]

Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund

Three Japanese public companies have individually made announcements regarding their cryptocurrency operations. Forside has grown its mining operation with a plan to sell 7nm bitcoin mining rigs. Farsteps is planning a Singapore exchange launch. Meanwhile, Line Corp, the operator of Japan’s most popular chat app, has added crypto price quotes to its Clova AI assistant […]

New Ethereum-Based Tokens for Artistic Expression of Value

Chinese artist and activist Ai Weiwei has joined with artist Kevin Abosch who is continuing his ongoing relationship with cryptocurrency through artistic project labeled “priceless”. Abosch, is an Irish conceptual artist and photographer based in New York City. His last project explored cryptocurrency in a unique way. Apart from owning the most valuable piece of […]

Three Hackers Held in China Over $87 million Crypto Theft

Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD. Authorities say this is the biggest heist of this type in the People’s Republic so far. Also read: South African Tax Authority Going After Crypto […]

South Korean Gov Check Finds Security Vulnerabilities at Crypto Exchanges

The outcome of a recent inspection of 21 domestic cryptocurrency exchanges by the South Korean government has just been released. The inspections were conducted in June and July as a follow up to previous inspections in January and March of this year. The inspections identified 17 out of 85 items as needing immediate focus, 11 of […]

Aluminium Sites Revamped As Search for Crypto Mining Locations Increase

It appears that old Alcoa aluminium facilities are being put to good use, as one more is now earmarked for cryptocurrency mining. Alcoa World Alumina and Chemicals (AWAC), with customers in China, the United States, Europe, and Brazil are letting some of their old operational US sites for aluminium processing go. The last to be […]

Congressman Invites Crypto CEOs to Capitol Hill for SEC Legislation Talks

A US congressman has invited 32 prominent representatives of the cryptocurrency industry to Washington in order to discuss future ICO legislation. Warren Davidson, the Republican representative for Ohio is to discuss measures to be introduced by the Securities and Exchanges Commission (SEC) this coming autumn after discussions between the Commission and Davidson’s office. Davidson sits […]

What Lies Ahead for Blockchain and Cryptocurrencies, Post-Brexit?

A Britain-based CEO has suggested that post-Brexit, cryptocurrencies will benefit the UK as they have key advantages over fiat currencies. Danial Daychopan of Crypto company Plutus, suggests that due to the pound and euro’s interdependence and the fact that they are both based on other currencies,  allows decentralized cryptocurrencies to offer a “variable and stable […]

Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM […]

Landmark Hearing: US Hacker Ordered by Court to Pay Bail in Bitcoin

A US court has ordered an alleged hacker to pay for his bail using cryptocurrency. Magistrate Judge Corley has ordered the defendant, Martin Marsich — a 25-year-old Serb/Italian national charged for a hacking offense to pay an equivalent of $750,000 in cryptocurrency for bail. Marsich is accused of hacking US video games company Electronic Arts […]

Second Crypto Funded School to Be Built in Rwanda

An NGO and a cryptocurrency platform are planning to construct a school in Rwanda using cryptocurrency funding. The non-profit organization, Zam Zam Water, in a cooperative project with Peer-to-Peer finance platform provider Paxful is aiming to raise $100,000 for an education center. The project will be implemented in Rwanda’s Bugesera District, complete with full-time teaching […]