Cryptocurrency
Binance, a popular Hong Kong cryptocurrency exchange, resumed service after a temporary shutdown that had some users in a panic over potential hacking losses. The firm said it had undergone a system upgrade. The Hong Kong-based cryptocurrency exchange had resumed all trading activities as of Feb. 9 at 10:00 UTC. Binance announced its resumption of […]
The price of Bitcoin rose thirteenfold in 2017, but it was the turbulence and wild price swings in the digital currency market that have caused growing concern among regulators across the globe. Government agencies have increased their monitoring of the virtual currency market with a view towards implementing regulations that would curb existing and potential […]
We all feel pretty certain that it’s happening. Some people must be using cryptocurrencies for illicit activities, right? It might even be a smart thing to do. After all, a briefcase only holds about $200,000 worth of $20 bills and would weigh more than 20 pounds. Now we have proof that criminals are using cryptocurrencies. A paper titled Sex, […]
The Nevada Independent reports that an obscure blockchain technology company called Blockchains LLC has purchased a huge chunk of land at the Tahoe-Reno Industrial Center, the same place Elon Musk’s car firm Tesla is churning out batteries at its “Gigafactory.” Storey County Commissioner and Tahoe-Reno Industrial Center broker Lance Gilman said he closed escrow on the sale of […]
Motor Cars of Georgia, a luxury car dealership near Atlanta, recently had some big names at their establishment. Quavo, a member of the rap group Migos, and NBA legend Shaquille O’Neal both just recently purchased new cars there. Along with these sales, the dealership made another historic sale when it sold one of their 2015 […]
Global cryptocurrencies surged in value in the past 24 hours, bringing market capitalization up $77.8 billion to $388 billion from $310.2 billion yesterday. This is positive news for coin investors. The overall cryptocurrency market has been down over the past 30 days. After peaking at $834 billion on Jan. 7, market cap nosedived nearly 66 […]
As Bitcoin plunged to the $6,000 valuation mark, some financial experts declared the cryptocurrency a brazen scam with the potential to destabilize global financial markets and currency transactional stability. The digital asset has since recovered to above $8,000. Nevertheless, Agustín Carstens, the new director of the Bank for International Settlements (B.I.S.) and former governor of the Central […]
Global electronics giant Samsung is getting in on the cryptocurrency craze by developing signature Bitcoin blockchain mining technology. The South Korea-headquartered electronics corporation is currently developing faster, durable and more reliable blockchain-mining computer chips. Bitcoins are created on computers via blockchain mining, which is a complicated, hardware damaging, extreme heat generating and environmentally taxing process. […]
The digital money startup called Uphold has landed a $60 million dollar investment courtesy of Federal Reserve Senior Analyst and Ripple Chief Risk Officer Greg Kidd. Kidd’s track record includes other successful startups, including such as Square, Coinbase, and Twitter. In addition to investing in the virtual currency platform, Kidd will be joining the company’s […]
Federal and state regulators are going into hyperdrive to crack down on crypto investment scams, issuing cease and desist orders against exchanges and freezing assets of questionable crypto operators. These actions are clustered in a few states like California and Texas, but ever more federal agencies are also joining suit. The Texas Securities Commissioner issued […]
