Archive | cryptocurrency

Liberland: A Newly Formed “Nation” Running On Cryptocurrency

Economist Vit Jedlicka has created a virtual state, called Liberland, that runs on cryptocurrency donations and will launch its own token in the coming months. Half a million people have applied for citizenship to the “nation” – which sits on a sandbank stretching 7km next to the Danube River (between Croatia and Serbia), 10km south of the […]

Korona: Hungary’s Very Own Cryptocurrency

Europe’s newest digital currency, the Korona, which runs on the Lightning Network and is being touted as more stable, safer, and cheaper to use than its competitors, was launched in Budapest, Hungary on February 15th. Korona’s ICO is scheduled for March 26th, and the token will be immediately available for payments and transfers.  According to a […]

What Is Monaco?

There is a lot of fierce competition in the world of cryptocurrency-related debit cards. Although a lot of companies were forced to end their services, new competitors will emerge fairly soon. One of those companies goes by the name of Monaco, even though it has nothing to do with the luxurious part of France. The […]

UBIK Becomes Croatia’s Self-regulating Body for Blockchain and Cryptocurrency

Self-regulation in the blockchain and cryptocurrency industry is becoming the new norm. In Croatia, there is now a self-regulating body known as UBIK. This venture will also work toward regulating this nascent industry in the coming years. UBIK Aims to Legitimize Cryptocurrency Croatia is not a country most people associate with blockchain and cryptocurrency. To […]

Petro: Risky Gamble or Golden Opportunity?

Venezuela’s “Petro” cryptocurrency will attract investments from Turkey, Qatar, the U.S., and Europe, the country’s cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The Petro will be offered for sale this Tuesday, February 20th, and comes as Venezuela is suffering from quadruple-digit inflation and chronic shortages of food and medicine. Venezuelan President Nicolas Maduro announced the launch […]

Cryptocurrencies Surging in Africa as Alternatives to Traditional Banking

Africa is rarely considered to be one of the larger markets for cryptocurrencies, but with the right factors in place — such as an increasingly tech-savvy populous and inflation triggered by central banks — that might be set to change. Case in point: The surge in popularity of cryptocurrencies has contributed to the opening of […]

Polish Central Bank Paid Youtuber to Attack Cryptocurrencies

Poland’s central bank — Narodowy Bank Polski (NFB)— has admitted to paying for social media campaigns that attacked the legitimacy of cryptocurrencies. The bank spent 91,000 zloty ($27,100) on the campaigns, with the money going to Google, Facebook, and a Polish Youtube partner network called Gamellon, Money.pl reports. The news comes after the site published a […]

Pool Mining for Average Joe

Despite the rise in mainstream media adopting a more positive stance on cryptocurrencies, at least in terms of reporting on the actual news relating to the subject, the regulatory environment remains as murky and as uncertain as ever. Bitcoin and other cryptocurrencies are banned in around a half-dozen countries around the world and it remains […]

Chicago-Based Trader Stole $2M Worth of Crypto to Cover Bad Decisions

Fraud and theft are two very real problems in the world of cryptocurrency. Unfortunately, it seems these problems will only be getting worse as time progresses. One cryptocurrency trader in Chicago has been charged with fraud for allegedly stealing US$2 million worth of Bitcoin and altcoins from his employer. This action was taken to cover personal financial losses due […]

Patent Stockpiling: Bank of America Holds 45 Crypto-Related Patents

A patent grants its holder exclusive rights to an invention, such as a piece of technology, for a certain period of time. While designed as a means of protecting the intellectual property of inventors, the system is not without its critics who believe that patenting deters innovation and wastes resources. Consider crypto founding fathers like […]

FCC: Bitcoin Miner Interfered with T-Mobile’s LTE Network in Brooklyn

The Federal Communications Commission (FCC) has taken action against a Brooklyn resident who was using a Bitcoin miner because the machine was interfering with T-Mobile’s 700 MHz LTE network in the city. FCC Commissioner Jessica Rosenworcel commented on the incident in a Tweet: Okay, this @FCC letter has it all: #bitcoin mining, computing power needed […]

SEC Halts Trading of Three Companies with Assets Tied to Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has halted trading in three companies claiming acquisitions of assets tied to cryptocurrency and blockchain technologies. The agency said it had questions about their business operations and the value of the companies assets. Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc. issued similar press releases stating they acquired the assets from a […]

Atari Partners with Infinity Networks Ltd to Launch Own Cryptocurrency: Atari Token

Atari, the company behind such nostalgic video games as Pac-Man and Pong, is planning to launch its own cryptocurrency, Atari Token. Shares in the Paris-based company have soared more than 60% since it gave further details of its crypto push on February 8th, after originally outlining some of the plans in December. To make it possible, the company […]

Munich Security Conference: U.S. Govt. Nowhere Close to Regulating Bitcoin

Speaking at the Munich Security Conference, the White House cybersecurity coordinator has stated that the U.S. government is nowhere close to regulating Bitcoin. He particularly emphasised the need to better understand the cryptocurrency’s risks and benefits before embarking on any sort of regulatory regime. Hundreds of world leaders and security chiefs are gathered at Munich’s […]