Archive | industry

Kodak-Branded Bitcoin Mining Rig Labelled a Scam

KashMiner, a Bitcoin mining computer which was on display on Kodak’s official stand at the CES technology show in Las Vegas in January, turned out to be a misleading product with unachievable advertised profits. The product, which was never officially licensed by Kodak, will not go ahead, according to the company behind the scheme. BBC… […]

Binance CEO Confirms Fourth Quarterly Binance Coin Burn

The CEO of the world’s foremost cryptocurrency exchange, Binance, has just confirmed that it will be going forward with an upcoming BNB token burn. Binance’s Fourth Token Burn Binance has become well-known for offering so-called ‘token/coin burns’, buying back and destroying its native cryptocurrency (BNB) every fiscal quarter. The burn has become so popular that… […]

IMMO Leakage: Who Is Behind the Mysterious Project?

The disputes in large investor and cryptocurrency communities about IMMO project are still on. Vitalik Buterin, the founder of Ethereum, has not stayed away from such disputes. Moreover, he was among the first ones to publicly discuss IMMO on his Twitter. Recently Lon Wong, Tim Draper, Jimmy Song, Simon Cocking and other prominent figures in… […]

Bithumb Bounces Back With Expansion Plans in Japan and Thailand

Local media recently reported that Bithumb, one of South Korea’s most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets. Korea-Based Exchange Eyes New Markets In an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and Thailand after receiving the required regulatory approval… […]

The Unbanked Population: Crypto’s Calling Card?

Financial services might be something you take for granted. Depositing, borrowing and withdrawing capital is as easy as going to your local bank branch, but there are billions of individuals worldwide with no access to something as simple as a bank account. 77% Of Filipino Adults Do Not Have Access To Financial Services CNN’s Philippines… […]

Crypto Week In Review: Bancor Hack, Coinbase Add Tokens, Price Drop

Despite seeing bearish price action, with the market moving down by 10%, the past week was still rife with news about cryptocurrency exchanges. This Week’s News Headlines Hedge Fund Investor Takes Step Into An Unfamiliar Space Steven Cohen, a well-known hedge fund manager, recently made an investment into Autonomous Partners, a new hedge fund that… […]

Coinbase 0x, BAT, Zcash Listing Met With Debate, Generally Optimistic

Coinbase has recently announced that it was “exploring” the addition of five altcoins, which led to widespread speculation and discussion about the topic. CNBC Breaks Down The Most Likely Additions To Coinbase Coinbase’s announcement regarding the five altcoins quickly hit headlines in the ‘cryptosphere’, with CNBC taking a unique stance on the statement. Brian Kelly, CNBC’s in-house… […]

Top 5 Industries Already Affected by Cryptocurrency

A major argument in favor of blockchain technology is the role it will play in disrupting and revolutionizing major industries worldwide, as cryptocurrencies can be used to facilitate transactions and communications in new and empowering ways. While the possibilities of tomorrow are exciting, the utilization of this emerging tech on industries today is similarly significant. […]

Ex-BTC-e Operator Alexander Vinnik to be Extradited to France

As part of an ongoing criminal case that has drawn international attention, a Greek court has agreed today to extradite Russian cybercrime suspect and ex-Bitcoin BTC-e platform operator Alexander Vinnik to France. The move comes after Greek authorities decided exactly where to send Vinnik, who is also wanted on criminal charges in the U.S., specifically… […]

Coinbase is Exploring the Addition of Zcash, Stellar, 0x, BAT, and Cardano

Coinbase has just unexpectedly announced that its team is looking into making the addition of five top altcoins into Coinbase services. Potential Support for Five Top Altcoins The San Francisco-based exchange took to Twitter to announce that it is “exploring” options to add several crypto assets, namely Zcash, Cardano, and Stellar Lumens. Today we are… […]

New York State Approves a Bid to Provide Cheaper Electricity to Crypto Miners

Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity consumers — the state of New York has approved a bid to provide cheaper electricity to miners. State of Crypto Mining in New York Yesterday,… […]

Tether (USDT) Hires Bank of Montreal Executive, Improvement in Transparency and Compliance

The primary provider of fiat backed digital tokens, Tether, has brought on a Leonardo Real, the former AML quality control manager at the Bank of Montreal, as Chief Compliance Officer (CCO). The hire was reportedly made “in order to create the gold standard for regulatory compliance” in the cryptocurrency sector. Real joins Tether as the company… […]

Abra CEO is the Latest Crypto Expert to Make A Bitcoin Prediction, This Time At $50,000

The CEO of the Abra cryptocurrency services app recently stated that the market could see Bitcoin test $50,000 over the “long-term.” Abra CEO: “Long-Term I See Bitcoin At Over $50,000” Inverse, an American technology news source, recently reported that the Bill Barhydt, the CEO of Abra, is yet another expert to make a Bitcoin price… […]

Robinhood Crypto Adds Two New Altcoins, Plans to Expand on Offerings

The California-based broker burst into the crypto scene in January, and has since set plans in place to help expand their influence in this industry, with these additions being no exception. Commission-Free Litecoin and Bitcoin Cash Trading Staying in line with its namesake, Robinhood has just announced support for commission-free Litecoin and Bitcoin Cash trading… […]