191 Bitcoins Confiscated by South Korean Supreme Court in Historic Ruling
The Supreme Court of South Korea has confiscated 191 Bitcoins, worth approximately USD 1.43 million at time of writing, from the owner of a child pornography website. The 33-year old suspect referred to as ‘Ahn’ had been previously arrested and indicted in May 2014 for violation of the Protection of Children and Juveniles From Sexual […]
82% Profit for Average ICO Investor – Report
A recent report published by the Boston College Carroll School of Management on 20 May has found that the average returns an initial coin offering (ICO) investor can expect is 82%. ”Significant ICO underpricing” The report, titled ‘Digital Tulips? Returns to Investors in Initial Coin Offerings’, emphasized what is described as ”significant ICO underpricing”.’ The 54-page report […]
Chinese President Xi Jinping Acknowledges “Breakthrough” Blockchain Technology
President of China Xi Jinping spoke at a meeting of the Chinese Academy of Sciences and the Chinese Academy of Engineering on Monday, where he described blockchain as a ”breakthrough” technology. ”A new generation of tech” As reported by CNBC, President Xi Jinping’s remarks translate as: “A new generation of technology represented by artificial intelligence, quantum information, mobile […]
Deloitte: Embrace Blockchain or Get Left Behind
Global auditing and consulting firm Deloitte has just released a report which indicates that blockchain technology cannot be overlooked by business as it is destined to become standard technology, Coingeek reports. The report, ‘New Tech On The Block’, suggests that businesses not choosing to employ the technology in the future stand the risk of being […]
SEC Halts $21 Million Fraud Coin Offering with Emergency Court Order
The United States Securities and Exchange Commission (SEC) has obtained a court order to terminate an initial coin offering (ICO) that has been deemed as fraudulent. The alleged company, Titanium Blockchain Infrastructure Services (TBIS), and its president Michael Stollaire are accused of violating federal securities laws with a USD 21 million crowdfunding round between late November […]
Nasdaq Considers Crypto Exchange with Bitcoin, Litecoin, Stellar Top Picks
Nasdaq recently commented that it might consider a cryptocurrency exchange in the future and now it appears that it’s putting its weight behind three major cryptocurrencies, Bitcoin (BTC), Litecoin (LTC) and Stellar (XLM) according to FX Empire. An article published on the Nasdaq website suggests that these three coins may be able to withstand future […]
BitBay Moves to Malta, Ditching ‘Uncooperative’ Polish Banks
Poland’s largest cryptocurrency exchange has announced that it will be suspending its activities. Due to lack of cooperation from Polish banks, the BitBay exchange operations will be conducted in the Republic of Malta. Suspended activities In a 29 May press release, BitBay revealed that the last Polish bank that the exchange was able to work with had […]
London Banks Slow in Global Crypto Race
Many cryptocurrency company executives feel that the influence of major banks in London is having a negative effect on the pace of the industry in the city, writes Bitcoin.com. Some crypto professionals feel that London may lose its iconic status as a global financial hub if banks can’t manage to keep up with the current […]
Why $80M in Bitcoin Was Given Away to Charity: A Philanthropist’s Love Letter to Bitcoin
The pseudonymous founder of Pineapple Fund, which donated over USD 80 million (value at time of founding) to charity, recently bid farewell after giving away every single satoshi of the Bitcoin fund. Known only as ‘Pine’, the Bitcoin philanthropist spoke to Bitcoin News and has not ruled out a return to altruism, calling similar ventures “almost […]
Almost Half of German Millennials Ready to Invest in Cryptocurrency
A recent survey by German bank Postbank has revealed that 29% of those surveyed were interested in investing in cryptocurrencies, with 46% of millennials ready to invest, according to Cointelegraph. Of the 3,100 German nationals interviewed over a period of one month in February, many of those that said they would want to invest in digital […]
