Industries The Blockchain Will Disrupt

Posted on February 19, 2018

  The blockchain is an undeniably ingenious invention – the brainchild of a person known by the pseudonym, Satoshi Nakamoto, one of the most promising new technologies for the future. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently […]

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Cheap Electricity Drives “Hundreds” Of Crypto Miners To Quebec

Posted on February 16, 2018

It’s no secret that cryptocurrency mining operations live or die by the costs of electricity. Mining hardware is notoriously expensive to operate profitably, and those costs are expected to skyrocket as new mining facilities open all over the globe. With ready access to abundant — and cheap — hydroelectric power, the Canadian province of Quebec […]

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Ripple Reveals Pilot Programs With Western Union And Saudi Central Bank

Posted on February 14, 2018

For Ripple’s true believers, today is a very good day. Two major financial players — Western Union and the Saudi Arabian Monetary Authority (SAMA) — recently revealed pilot programs using the Ripple’s xCurrent settlement system. Although Ripple already has similar programs with dozens of other banks and money transfer companies, SAMA and Western Union are […]

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Iceland’s Pirate Party Proposes Cryptocurrency Mining Tax

Posted on February 12, 2018

Over the past several years, the nation of Iceland has become a hotbed of activity for cryptocurrency mining. With a naturally cold climate (averaging just under 60°F in summer) and ready access to cheap geothermal electricity, the island nation is often seen as an ideal location for large bitcoin mining facilities. As in most countries, […]

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Global Crypto News Roundup: Updates from the U.S., Hong Kong, Korea, and Japan

Posted on February 9, 2018

U.S.A.: This week, the U.S. Marshals Service confirmed the sale of more than 3,600 bitcoin — roughly $31 million at current prices — to five winning bids in a recent auction. This is the first auction of seized bitcoin since 2016, when the agency sold the remaining 2,700 bitcoins of the 144,000 BTC seized from […]

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Will OPEC Adopt Venezuela’s Petro Token?

Posted on February 7, 2018

With the launch of Venezuela’s state-sponsored Petro token less than two weeks away, it’s hardly surprising that Venezuelan President Nicolas Maduro is looking to get other major financial players to support it. According to a new report from Al Jazeera, Maduro plans to court members and non-member states of the Organization of the Petroleum Exporting […]

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Major Banks Ban Bitcoin Purchases Through Credit Cards

Posted on February 5, 2018

Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]

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Update Roundup: Samsung’s Mining ASICs, KodakCoin Launch, and Venezuela’s Petro Token

Posted on February 2, 2018

Earlier this week, we reported on rumors that Samsung appeared to be entering into the cryptocurrency mining market, creating a new line of dedicated ASICs. While unnamed sources within Samsung confirmed the move to South Korean news agency The Bell, many details were still unclear.

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Blockchain is Ready for Its Next Big Test – Retail

Posted on February 1, 2018

Awareness of blockchain is at an all-time high, thanks almost exclusively to the increasing price of cryptocurrencies, which are themselves a byproduct of the young technology but also harmful to its good name. Speculative assets like bitcoin and Ethereum have stolen the thunder of the architecture supporting them, yet even so, innovators in several industries […]

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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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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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IQeon Gaming Ecosystem Accepts the Challenge of Intellectual Games Growing Popularity

Posted on December 29, 2017

Intellectual games are actively presented on the world arena of desktop and mobile platforms. There are many game developers who caught the people’s crave to keeping their grey cells supplied with daily workouts. At present, the global market of mobile intelligent games is up to 4.9 billion USD, and their audience is constantly increasing, which […]

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Investors File Class Action Lawsuit Against ATB Coin

Posted on December 29, 2017

Last week, attorneys representing ATB Coin investors filed a class-action suit in the Southern District of New York, seeking damages from ATB Coin founders Edward Ng and Herbert W. Hoover. The plaintiffs claim that ATB Coin intentionally misled investors about the technological capabilities of the ATB Coin project, the potential for investment losses, and the […]

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Is Israel Planning A State-Backed Cryptocurrency?

Posted on December 27, 2017

According to a report published by Reuters, Israel’s central bank is giving serious consideration to a plan that would create a new, state-backed cryptocurrency for the country. The report includes few specifics about the proposed digital currency, and cites only a single, anonymous source within the Bank of Israel. Should the Bank of Israel approve […]

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How Segwit2X hard fork solves the fundamental problems of Bitcoin

Posted on December 27, 2017

One of the main hard forks in the history of Bitcoin named Segwit2X, will be released on December 28th, 2017 on the block 501451. It was expected to occur in mid-November, but the date was redefined. Still, futures trading has started and is still conducted at numerous exchanges at a price about 0.04 BTC (HitBTC). […]

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Jibrel Network Interview

Posted on December 27, 2017

Thank you for agreeing to be interviewed about your project and ICO. We will publish this interview as an article on the site. Please send an image of the person you would like the interview to be attributed to. BitcoinX: Thank you for taking the time to chat with us today. So, tell us who […]

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Why Is The Mainstream Press So Pessimistic About ICOs?

Posted on December 26, 2017

As 2017 winds to a close, the major financial news outlets have begun to publish their year-in-review coverage. Given the utter dominance of bitcoin and other cryptocurrencies during the second half of the year, it’s hardly a shock that many of these articles focus heavily on the future of digital currencies and other blockchain-related topics. […]

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Cboe Seeks SEC Approval For 6 Bitcoin ETFs

Posted on December 22, 2017

After a seemingly successful experiment with bitcoin futures, the Chicago Board Options Exchange (Cboe) has filed an application with the SEC to list six bitcoin-related exchange-traded funds (ETFs). The ETFs would require the SEC to change its current rules to include cryptocurrency-tied investments, something the regulatory agency has been reluctant to consider since the first […]

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What’s The Deal With The BitcoinX Fork?

Posted on December 20, 2017

Last week, a new fork of the bitcoin blockchain was brought to our attention here at BitcoinX.com. Under normal circumstances, we likely wouldn’t report on a relatively unknown hard fork like this — one of many to come, given the relative success of the Bitcoin Cash (BCH) fork — but in this case we really […]

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The Fabric Token project ICO interview

Posted on December 18, 2017

Thank you for agreeing to be interviewed about your project and ICO. We will publish this interview as an article on the site. Please send an image of the person you would like the interview to be attributed to. BitcoinX: Thank you for taking the time to chat with us today. So, tell us who […]

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Cryptocurrency Regulation To Take Center Stage At G20 Summit

Posted on December 18, 2017

Global regulatory discussions on bitcoin, cryptocurrencies, and ICOs may begin to take shape as early as April, 2018. On Sunday, France’s Finance Minister Bruno Le Maire told French news channel LCI that he aims to propose a “discussion all together on the question of bitcoin” during the upcoming G20 summit. Given Le Maire’s tone during […]

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Indiegogo Enters The ICO Market

Posted on December 15, 2017

In a blog post released on Tuesday, crowdfunding giant Indiegogo announced plans to create a “reliable, global platform for ICOs” through their site. The new platform appears to be modeled on Indiegogo’s existing Equity Crowdfunding model, providing a curated selection of token sales and pre-sales that meet current SEC guidelines for ICOs. The new initiative […]

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Interview with Travis Molloy – the c of Xeophin

Posted on December 13, 2017

Thank you for agreeing to be interviewed about your project and ICO. We will publish this interview as an article on the site. Please send an image of the person you would like the interview to be attributed to.   BitcoinX: Thank you for taking the time to chat with us today. So, tell us […]

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Blockchain Tech Startup Waves Announces Self-Regulatory ICO Body

Posted on December 13, 2017

Yesterday, Russian blockchain technology firm Waves

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South Korean Regulators: No Exchange Ban, But ICOs Still In Limbo

Posted on December 12, 2017

Last week, rumors began to surface that South Korean financial regulators were on the verge of announcing major changes in the country’s current policies on cryptocurrencies. Given the skeptical tone taken by many South Korean leaders — only a few weeks ago, Prime Minister Lee Nak-yeon suggested that bitcoin and related projects might “corrupt the […]

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Swiss Banking Giant UBS To Launch New Ethereum-Powered Platform For Banks

Posted on December 11, 2017

While it might not have the headline-grabbing appeal of bitcoin’s recent price surge, a new Ethereum-powered bank-to-bank data-checking platform may just be the start of a major innovation in blockchain technology. Swiss financial services giant UBS recently announced the project, known as Madrec (Massive Autonomous Distributed Reconciliation platform), which aims to streamline data verification processes […]

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South Korea Targets Cryptocurrency Exchanges, Futures and ICOs in Proposed Regulations

Posted on December 8, 2017

Thanks to China’s increasingly cold stance on cryptocurrency trading, South Korea has emerged in recent years as a hub for digital currency investment and innovation. The country is already home to dozens of major startups in the crypto space, many of which have aims to expand into other southeast Asian markets. The current boom in […]

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Blockchain Review

Posted on December 8, 2017

      Blockchain is a transformational technology with the potential to extend digital transformation beyond a company’s walls and into the processes it shares with suppliers, customers, and partners. At its core, a blockchain is a data structure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared […]

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SEC Moves To Take Down “Scam” ICO PlexCoin

Posted on December 6, 2017

Earlier this week, the Securities and Exchange Commission (SEC) filed a complaint with the Federal Court in New York seeking to freeze all U.S. assets of Quebec-based cryptocurrency startup PlexCoin, including the personal assets of founders Dominic Lacroix and Sabrina Paradis-Royer. The company’s Canadian assets have already been frozen by Quebec’s regulatory agency, the Autorité […]

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Venezuela Announces New Oil-Backed Cryptocurrency

Posted on December 4, 2017

On his weekly television address on Sunday, Venezuelan President Nicolás Maduro announced plans for the country to develop a state-backed cryptocurrency. Apart from revealing the proposed digital currency’s name — the Petro — and claims that it will be backed by the country’s oil, gas, gold and diamond wealth, Maduro provided few details about the […]

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Gameflip’s ICO Revolutionizes the Digital Goods Marketplace

Posted on December 3, 2017

Digital goods are the gaming industry’s trillion-dollar opportunity. Here’s why. Each year, the gaming industry generates more than $100 billion in revenue. Around 87% of that annual revenue—$94.4 billion—comes from the digital gaming industry. And that’s just the tip of the iceberg. Why? Because that digital gaming figure only includes publisher-purchased goods, not the ones […]

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Tech Profile: Ammbr

Posted on December 2, 2017

Here in the U.S., a major political battle is currently taking place over “net neutrality.” At the core of this discussion is a simple question: Should the giant telecom companies be able to control how their customers access and use the internet? Not surprisingly, the telecom giants have spent tens of millions of dollars on […]

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Interview with Jonathan Gueron – Founder and CTO of ConnectJob

Posted on December 1, 2017

Thank you for agreeing to be interviewed about your project and ICO. We will publish this interview as an article on the site. Please send an image of the person you would like the interview to be attributed to. BitcoinX: Thank you for taking the time to chat with us today. So, tell us who […]

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Zimbabwe’s Central Bank Says Cryptocurrencies “Not Legal”

Posted on November 29, 2017

Speaking to an audience at the Insurance Institute of Zimbabwe annual conference earlier this month, Reserve Bank of Zimbabwe Director Normal Mataruka said that cryptocurrencies and related investments are “not actually legal” in the country. As reported by NewsDay, Mataruka took a firm stance against cryptocurrency in the country, saying “In Southern Africa, what we […]

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Keep an eye on ICO

Posted on November 28, 2017

ICOs (Initial Coin Offerings) are one of the hottest topics of the year because it’s an easy way to raise cash. An ICO allows businesses to raise capital. In an ICO, Businesses sell virtual tokens to supporters that can be exchanged and traded for other currencies or used to buy goods or services from that […]

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Update: Global Cryptocurrency Regulations

Posted on November 27, 2017

In recent months, trading values for the major cryptocurrencies have experienced explosive upward growth. At the time of this writing, BTC is trading at an all-time-high of $9,700, with major players like Ether (also the major fuel behind many ICOs), Litecoin, and Ripple seeing similar price growth. To a casual observer, this can easily be […]

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Time to Start Looking at ICO

Posted on November 3, 2017

If you have any type of a connection to the cryptocurrency industry, you have become extremely aware of ICO’s. They are the most popular topic right now because everyone just wants to buy coins in hopes of major returns. It is gambling at its finest.   ICO is a relatively new concept of raising funds […]

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The Blockchain fundamentals

Posted on October 26, 2017

Blockchain has come a long way in eight years, with 2017 signaling the start of a paradigm shift in mainstream understanding of the technology. Blockchain-backed currencies have caught fire over the past nine months, partly in anticipation of major disruptions in the financial industry as a result of the distributed ledger. Blockchain’s appeal has helped […]

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Interview with Petr Belousov – CEO of Confideal

Posted on October 24, 2017

Thank you for agreeing to be interviewed about your project and ICO. We will publish this interview as an article on the site. Please send an image of the person you would like the interview to be attributed to. BitcoinX: Thank you for taking the time to chat with us today. So, tell us who […]

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