Is Samsung Entering The Crypto Mining Industry?

Posted on January 31, 2018

According to a report published in South Korean business publication The Bell, electronics giant Samsung has partnered with a Taiwan-based hardware manufacturer TSMC to produce a new line of ASICs for the cryptocurrency mining market. The report states that prototyping and development began last year, with mass production of the chips starting earlier this month.

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Blockchain and cryptocurrencies – in 2017 too big to ignore, in 2018 will become too big to fail

Posted on January 30, 2018

  We all expect 2018 to be the year that blockchain grows up. 2017 was a year when cryptocurrency markets dominated the public imagination, was a monumental year for cryptocurrencies and the blockchain. While some of us grew excited by the explosion of new applications, platforms and technologies being launched, many others were simply happy […]

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Philippines Announces ICO Regulatory Framework

Posted on January 29, 2018

Representatives of the Philippines’ Securities and Exchange Commission confirmed yesterday that the agency was moving swiftly towards the completion of a new regulatory framework for cryptocurrency trading and ICOs. The new rules are expected to finalized later this year, and may well be enacted before the end of 2018. The move comes in response to […]

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Coincheck Hacked For $535 Million In NEM Tokens

Posted on January 26, 2018

In a stunning announcement made earlier today, Tokyo-based cryptocurrency exchange Coincheck revealed that the company was the victim of the largest cryptocurrency heist in history. According to a report published by Japanese newspaper Asahi Shimbun (and translated by Coindesk), the hackers made off with over 500 million NEM (XEM) tokens, worth roughly $535 million (58 […]

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Venezuela’s Proposed “Petro” Cryptocurrency Under Fire By U.S. Senators

Posted on January 24, 2018

Last week, while most people in D.C. were focused on the looming government shutdown, Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) published an open letter to U.S. Treasury Secretary Steven Mnuchin expressing serious concern about Venezuela’s plans to launch a state-backed cryptocurrency. The proposed token, known as the “Petro,” was announced by Venezuelan President […]

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LiveEdu ICO Raises $7M in Less Than a Week for Development of Future Technologies Ecosystem

Posted on January 23, 2018

The LiveEdu ICO has gotten off to a great start with over $7M raised so far. The public sale opened on Jan. 15th, 5pm UTC with a 20% bonus on the first day. Bonus dropped to 17% on the second day and then drops by 1% every two days until it reaches 5%. The official […]

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Tax Notices Sent To Crypto Traders By Indian Government

Posted on January 22, 2018

Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of […]

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New Crypto Mining Center Receives $500K Grant From Virginia Beach Government

Posted on January 19, 2018

Earlier this week, Virginia-based cryptocurrency mining company BCause LLC was awarded a $500,000 grant by Virginia Beach as part of a deal to keep the company’s operations and headquarters in the city. The company, founded in 2013, is currently in the process of moving into an 84,000 square feet facility, with an estimated $64.8 million […]

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Israel Considers VAT For ICOs

Posted on January 17, 2018

Earlier today, the Israel Tax Authority (ITA) released a draft version of their plans to tax proceeds generated by initial coin offerings (ICOs). Under the plan, the ITA would impose a value-added tax (VAT) on profits generated from ICOs, although the tokens themselves would not be taxed. The plan also creates two distinct categories for […]

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Dallas Mavericks To Accept BTC, ETH Payments “Next Season”

Posted on January 16, 2018

Entrepreneur and investor Mark Cuban confirmed this morning that the Dallas Mavericks, an NBA team owned by Cuban, will be accepting cryptocurrency payments “Next season.” The news came as a seemingly off-the-cuff reply to a question posed by one of Cuban’s Twitter followers. Cuban, who is no stranger to cryptocurrency technology, later confirmed the news […]

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Ripple Announces Partnership With MoneyGram

Posted on January 12, 2018

Yesterday, Dallas-based money transfer company MoneyGram announced a new partnership with San Francisco-based cryptocurrency company Ripple (formerly Ripple Labs). The partnership will allow MoneyGram to test a new, cryptocurrency-based approach to processing international transfers, and is aimed at reducing the high costs for moving money across borders. Given the steady rise of the global remittance […]

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Kodak Announces New ICO And Crypto Mining Facility

Posted on January 10, 2018

In a surprising turn of events, long-struggling photography brand Eastman Kodak has announced plans to move into the cryptocurrency space with a pair of new initiatives. Yesterday, Kodak revealed that it will be launching a new, blockchain-powered platform, called KODAKOne, which is intended to “empower photographers and agencies to take greater control in image rights […]

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e-Chat Is Ready For Its Additional Round of ICO with All Guns Blazing

Posted on January 9, 2018

e-Chat is a promising startup that has already run a number of ICOs and managed to get love and appreciation from millions of user, followers, and investors from all over the world. The additional round of ICO starts on January 8 and lasts until February 15, 2018! This is the first ICO run by the […]

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Why That Great eBay Deal On A Hardware Wallet Might Actually Be A Scam

Posted on January 8, 2018

Hardware wallets are one of the greatest deals in the cryptocurrency world, providing substantial security for a reasonable price. At least, that’s how it’s supposed to work. But a new eBay scam is turning those dreams of safe, secure crypto coins into a nightmare for some unwary users.

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Asian giants new regulations for the cryptocurrency market

Posted on January 8, 2018

Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges. South Korea’s primary financial regulator is in discussions with counterparts in China and Japan toward the regulation of cryptocurrencies like bitcoin. South Korea is the world’s third largest market in bitcoin trading, after Japan and the U.S., and the largest […]

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Universal Crypto-Fiat Hybrid Bank to Use Open API

Posted on January 8, 2018

London, UK – Forty Seven Bank will use an Open API that allows businesses and partners to develop and integrate third party applications and services within Forty Seven’s banking infrastructure.   This modular API architecture will enable Forty Seven to engage third-party developers, and in the process, ensure Forty Seven can evolve, develop and adopt […]

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Facebook CEO Teases Cryptocurrency Integration

Posted on January 4, 2018

Earlier today, Facebook founder and CEO Mark Zuckerberg published a post that seems to suggest the company is seriously considering the integration of cryptocurrencies. While the bulk of the post focuses on Zuckerberg’s 2018 challenge to himself to use his influence to help “fix” the current “anxious and divided” state of American culture, particularly in […]

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Will 2018 Be The Year Of The State-Sponsored Cryptocurrency?

Posted on January 3, 2018

This time last year, the idea of any national government considering the possibility of creating its own cryptocurrency would have been laughable. Times have definitely changed. This week, both Russia and the UK made it clear that they’re at least giving the concept of a state-backed cryptocurrency serious thought.

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Is Segwit2x The Next Bitcoin Cash, Or Just Another Failed Alt-Coin In The Making?

Posted on January 1, 2018

There’s no getting around the fact that Bitcoin Cash (BCH) — the controversial bitcoin hard fork promoted by equally controversial personalities Roger Ver and Jihan Wu — made a name for itself in 2017. Leaving aside the technical discussion around Bitcoin Cash, and its long-term viability as a rival to Bitcoin Core, the BCH fork […]

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