Search Results for: bitcoin

5th Biggest Korean Bitcoin Exchange Closes Shop

5th Biggest Korean Bitcoin Exchange Closes Shop

south korea

Coinnest, one of the largest Bitcoin exchanges in South Korea has announced that it will be shutting down following a litany of administrative, financial and legal issues. 5th Largest South Korean Bitcoin Exchange Closes Shop In a statement published on the company’s website on Thursday (April 18, 2019), the platform announced its decision to shut up shop. Coinnest had already terminated account creation features as early as Tuesday (April 16, 2019). Following the decision to

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Bitcoin [BTC] mining could go nuclear; Belarus emerges as China successor

Bitcoin [BTC] mining could go nuclear; Belarus emerges as China successor

Belarus has emerged as a contender to take the cryptocurrency mining mantle for China, following the latter’s proposed ban that looks to outlaw the domestic mining industry. Aleksandr Lukashenko, the President of the eastern European country, voiced his support for the decentralized currency industry in what will be a new chapter for the country. Following […]

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Bitcoin [BTC]: experts expect 20% of exchanges to be compromised to a hack by 2020, says report

Bitcoin [BTC]: experts expect 20% of exchanges to be compromised to a hack by 2020, says report

Bitcoin [BTC], the largest cryptocurrency by market cap, saw a drastic price drop through-out 2018, with the coin even losing over 80 percent of its value since its all-time high. A report released by Adamant Capital listed a few major catalysts that could influence a price drop of the largest coin. The first reason stated […]

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Bitcoin [BTC] accumulation phase has officially started, suggests report by Adamant Capital

Bitcoin [BTC] accumulation phase has officially started, suggests report by Adamant Capital

Bitcoin [BTC], the largest cryptocurrency by market cap, has been on a roller coaster ride since December 2017. The cryptocurrency space witnessed the coin hit a valuation of around $20,000 and also saw it fall from that point to the $3000 level, crushing the sentiment of several investors in the space. Nevertheless, the coin has […]

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Russian Secret Service Demanded $1M Bitcoin Bribe From Media Mogul

Russian Secret Service Demanded $1M Bitcoin Bribe From Media Mogul

russia police bitcoin

Bitcoin hit the headlines in Russia again this week after it emerged the country’s law enforcement had tried to extract a bitcoin bribe worth $1 million. FSB Illegally Sought $1.02 Million As local cryptocurrency news media outlet Coinspot.io reported April 17, a scandal involving Russia’s secret police and the ex-head of one of the country’s biggest newspapers has boiled over, with both parties now finding themselves under arrest. According to an ongoing court case, up

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Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms

Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms

The number of illegal activities in the world of digital assets has always kept law enforcement agencies on their toes. New reports revealed that the Financial Crime Enforcement Network [FinCEN] of the United States has penalized Eric Powers, a peer to peer Bitcoin [BTC] trader for violating the Bank Secrecy Act and its sub-clauses, including, […]

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Facebook: ‘Biggest on-Ramp Ever’ for Bitcoin Adoption?
CCN

Facebook: ‘Biggest on-Ramp Ever’ for Bitcoin Adoption?

By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever see…

First ‘Trustless’ P2P Bitcoin Derivatives Transaction Made By Blockstream

First ‘Trustless’ P2P Bitcoin Derivatives Transaction Made By Blockstream

bitcoin contract p2p derivative

Blockstream has announced the success of a “trustless” Bitcoin forward contract transaction with Crypto Garage. The Bitcoin infrastructure developer says the news marks a watershed moment in the actualization of decentralized trading and settlement infrastructure for BTC derivatives. Details of the Transaction In a blog post published by Blockstream on Friday (April 19, 2019), the company said it successfully carried out a peer-to-peer (P2P) Bitcoin forward contract with Crypto Garage. Forward contracts (forwards) are private

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