News about Bitcoin, ICO, Blockchain Technology, investment, mining

19 august 2018

Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges.

90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB

At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB.

Crypto Trading Revenue May Double, Bernstein Says

The reports of the death of the cryptocurrency market may really be greatly exaggerated.

Bitcoin match-fundraising to pay for second Rwandan school

Peer-to-Peer finance platform provider Paxful, working with humanitarian NGO Zam Zam Water, has announced the construction of the second bitcoin-funded school in Rwanda from its #BuiltWithBitcoin campaign.

Bitmain Continues Investment Spree with Blockchain Data Storage Firm

Chinese Bitcoin mining giant Bitmain Technologies has invested an undisclosed amount in Blockchain data storage company Lambda. The funding round propels Lambda into crypto-linked companies that received investments from Bitmain as part of its plans to expand and diversify its circle of influence in the nascent sector.

18 august 2018

Pornhub Subsidiary to Reward Viewers With Crypto Tokens

Tube8, an adult video service and subsidiary of Pornhub, has partnered up with with the Vice Industry Token (VIT) to pay viewers for interacting with its services.

IBM Applies for Blockchain Patent to Ensure Transaction Compliance via Nodes Data

Tech giant IBM has applied for a blockchain patent for the development of transaction data identifiers based on nodes, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) Aug. 16.

U.K. Exchange Crypto Facilities Launches Bitcoin Cash Futures

Bitcoin cash, the fourth-largest cryptocurrency, took another step into the big leagues on Friday when a European derivatives trading platform launched the first regulated, USD-denominated bitcoin cash futures.

Capital One Applies for Blockchain-Based Collaborative Authentication System Patent

American bank holding corporation Capital One has filed a patent application for the implementation of blockchain technology in user authentication, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 16.

California Judge Orders Accused Hacker to Pay Bail in Crypto

A Serbian and Italian national has been ordered to pay bail in cryptocurrency while he faces charges that he hacked the computer network of a San Francisco game company.

17 august 2018

Capital One Seeks Blockchain Patent for 'Collaborative' Authentication Tool

U.S. banking giant Capital One is working on using blockchain technology to usher in more convenient and secure user authentication methods for instances such as banking security.

Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline: Analyst

The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off.

Chinese Retail Giant Launches Enterprise Blockchain-as-a-Service Platform

Chinese e-commerce giant has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17.

Bitcoin Mining Farm in Norway Receives Bomb Threat as Noise Complaints Mount

It appears that the cryptocurrency revolution is not all that welcome in Norway, with a bitcoin mining facility in a remote part of the country receiving a bomb threat.

Mark Cuban-Backed Unikrn ICO Hit by Class Action Lawsuit

Unikrn, a Seattle-based e-sport betting startup that conducted an initial coin offering (ICO) last year, is now facing a class action suit accusing it of violating securities law in the U.S.

Coinbase Wins Patent for Secure Bitcoin Payments System

A newly published Coinbase patent seeks to protect a way of making bitcoin purchases more secure for customers.

Cryptocurrencies plunge by as much as 10% in 24 hours wiping billions off the market and sparking investor suicide fears

Suicide prevention messages are being shared among investors as crytocurrencies plunge in value. The price of bitcoin on Tuesday dipped below $6,000- down massively from its December 2017 high of around $20,000.

Fidelity Starts Offering Access to the Bitcoin ETN

Fidelity Investments, which has some $2.4 trillion assets under management, has begun offering their customers the ability to buy Bitcoin Exchange Traded Notes (ETN) offered by XBT Provider on Sweden’s Nasdaq.

Gemini Tightens Relationship with Nasdaq in Attempt to List Tokens

The recent secret meeting that occurred in Chicago between different crypto leaders and Nasdaq’s council was responsible for a meaningful conversation that leads to the potential release of cryptocurrency on the stock exchange. The cryptocurrency movement is closer than ever to hit the Nasdaq and Gemini thanks to the Winklevoss twins push. Although their proposal was rejected, it set events in motion that would affect the world’s economy from a cryptocurrency and stock exchange standpoint. The new plan is to list top market coins on the exchange for global trading to occur.

16 august 2018

Bitcoin Wallet Browser Toshi Rebrands to ‘Coinbase Wallet’

Toshi, the open source DApp browser and wallet designed by Coinbase will now be known as Coinbase Wallet.

Airbnb Co-Founder Backs $22 Million Funding for Crypto Dealer SFOX

A cryptocurrency dealer setting out to provide trading services for institutional investors has closed a Series A funding round of $22.7 million.

Bitwise Launches Three New Cryptocurrency Market Index Funds

Why wait for an ETF? Bitwise Index Services, a subsidiary of Bitwise Asset Management, has announced the launch of three new indexes covering the mid-cap, small-cap, and total-market segments of the crypto market, as well as the renaming of its HOLD 10 Index as the 10 Large Cap Crypto Index.

Cryptocurrency investor robbed via his cellphone account sues AT&T for $224 million over loss

A U.S. investor filed a $224 million lawsuit against AT&T on Wednesday, accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency.

Genesis To End Contracts Soon Because Mining Has Become Unprofitable

One of the biggest cryptocurrency cloud-mining companies Genesis Mining informed its investor about contracts to end soon because mining has become unprofitable. In a letter it is stated that miners around the globe are struggling to stay in the game including Genesis Mining also,

Pantera Capital Raises $71 Million for Third Crypto Venture Fund

Blockchain investment company Pantera Capital has launched its third crypto fund with over $71 million already committed, according to public documents.

Only Seven Crypto Firms Authorized to Legally Operate in Thailand

The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers.

Bank of Montreal, Teachers’ Pension Fund Trial Canadian Dollar Debt Deal via Blockchain

The Bank of Montreal and Ontario Teachers’ Pension Plan have tested a Canadian-dollar debt deal using blockchain, Bloomberg reports August 15.

Insurance Ratings Bureau Pilots IBM Blockchain for Automatic Reporting

The American Association of Insurance Services (AAIS) is turning to the IBM Blockchain platform to support a new automated insurance reporting tool, the organization announced Wednesday.

Coinbase to Pursue Decentralized Form of Identification Following Acquisition

Cryptocurrency exchange and wallet service Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions, according to an August 15 announcement.

15 august 2018

Investor Files Lawsuit Against AT&T Over Hack That Allegedly Lost Him $24 Mln in Crypto

An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto, CNBC reports August 15.

Y Combinator's New China Chief Is Bullish on Blockchain

Y Combinator (YC) has just announced a new China division and its chief believes blockchain will bring long-term advantages to startups, according to a report.

South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI.