FacexWorm Part of a Growing Statistic of Crypto Crime

FacexWorm Part of a Growing Statistic of Crypto Crime

Cybersecurity experts were able to expose a dubious Chrome extension dubbed FacexWorm after hackers were able to steal a total of one Bitcoin through its use. The exact amount of currency generated from the hijacking of computer hardware to perform mining is unknown. After similar activity monitored last year it was quickly established that hackers […]

Crypto-Funded Youth Bank Announced by Venezuelan President

Crypto-Funded Youth Bank Announced by Venezuelan President

Venezuelan president Nicolas Maduro has announced that the government has plans to initiate a bank for students and young people in his country. According to news source Telesur, the president of the economically-beleaguered Latin American country was speaking at a mass youth ceremony at Aragua this week, promising to put 20 million Petros into the […]

UK Think Tank Director Calls Blockchain a Fad

UK Think Tank Director Calls Blockchain a Fad

Martin Walker, the UK director for the non-profit Center for Evidence-Based Management (CEBMa), has called blockchain technology a “fad” in an address to the British Parliament’s Select Committee. Walker’s comments were made in stark contrast to representatives also present at the meeting from blockchain companies Everledger and Ripple, and a researcher from King’s College London, […]

Telegram Cancels ICO Amid Tightening of Regulations

Telegram Cancels ICO Amid Tightening of Regulations

From what was rumored to be the biggest initial coin offering (ICO) in history, Telegram has now shut down its much-publicized ICO, as reported by the Independent. While some have claimed that Telegram already successfully raised its monetary target, it seems more likely that the cancellation was due to the tightening of ICO regulations happening across […]

Crypto Payment Regulations on the Agenda in Portugal

Crypto Payment Regulations on the Agenda in Portugal

Portugal’s parliament is scheduled to debate cryptocurrency payment regulations in the following weeks, with an objective of instituting a new legal framework that guarantees the safety of consumers. As reported in the local news outlet Jornal de Negócios, the government plans to discuss applicable sanctions, as well as the distribution and supply of cryptocurrencies. Likely this will […]

Kentucky Derby Is Open for Crypto on the Big Day

Kentucky Derby Is Open for Crypto on the Big Day

It has been widely reported that this year’s Kentucky Derby held on Saturday, 5 May will be attracting more cryptocurrency wagers that at any previous running of the famous race. The Kentucky Derby is a horse race that is held annually in Louisville, Kentucky, United States, on the first Saturday in May, capping the two-week-long […]

Solar Power Could Be Africa’s Answer to Pushing Blockchain Forward

Solar Power Could Be Africa's Answer to Pushing Blockchain Forward

Last month, the 2018 Blockchain Africa Conference was held in Johannesburg to discuss blockchain and cryptocurrency development on the African continent. The conference brought together local and international speakers to discuss the fintech regulatory environment, technology hurdles and opportunities in innovation, in terms of how these areas affect the promotion of the new technology in […]

Crypto Payments Set to Return to Reddit

Crypto Payments Set to Return to Reddit

The CTO of Reddit, Christopher Slowe, has announced that Bitcoin is set to return as a payment option on the platform. Slowe was interviewed by the business and technology news outlet Cheddar, when he revealed that Reddit was currently working towards the reintroduction of the Bitcoin payment option. Users were previously able to purchase Reddit Gold with Bitcoin on the […]

Switzerland Plans to Become Blockchain Nation

Switzerland Plans to Become Blockchain Nation

Out of the world’s six biggest initial coin offerings (ICOs) last year, four took place in Switzerland, according to Swiss financial watchdog, Swiss Financial Market Supervisory Authority (FINMA). Along with Gibraltar and Malta, Switzerland is fast becoming a global hub for blockchain and cryptocurrencies, with investors from all over the world moving there. Towns such as […]

How the Lightning Network Will Appreciate Bitcoin’s Value

How the Lightning Network Will Appreciate Bitcoin's Value

As the Lightning Network matures into an accessible format for all cryptocurrency traders, it has the potential to propel the adoption and valuation of Bitcoin to previously unmatched levels. The Lightning Network The Lightning technology works by essentially adding a layer onto existing blockchains, creating a multitude of private payment channels outside of the chain. […]