Vladimir Putin Shoots Down CryptoRuble
Vladimir Putin has unequivocally shot down the possibility of any official Russian cryptocurrency. The Russian president discussed his views on cryptocurrency during his 16th annual Direct Line speech where the Russian public is allowed to ask him questions. Putin said an official Russian cryptocurrency was not possible since cryptocurrency inherently cannot be controlled by any centralized […]
Bitcoin Mining Difficulty Undergoes Biggest Jump in History
Bitcoin mining difficulty increased by 634 billion units on 5 June 2018, from 4.306 to 4.940 trillion units. This is the largest difficulty increase in history, and comes at a time when Bitcoin’s mining hash rate is rapidly accelerating. In the past year Bitcoin mining difficulty and hash rate has increased 728%. This latest difficulty […]
Bithumb: 43% Investors Say It’s Time To Hodl With Over-50s Going Long Term
A recent survey of cryptocurrency investors by South Korean exchange Bithumb revealed that many intend to ‘hodl’ their funds over a long period of time, according to Bitcoinist. The survey of roughly 2,500 investors showed a huge 42.8% were in for the long ride, with only 27% interested in short-term profits. It also revealed that13.% […]
Vitalik Buterin Not Worried About Rothschild’s Impact on Crypto
Vitalik Buterin, the co-founder of Ethereum and the Bitcoin Magazine, expressed optimism on the future of finance dismissing claims that the Rothschilds might influence crypto. He insightfully said that the Rothschilds didn’t have enough cash flow to finance their efforts of manipulating cryptocurrency and was confident about the future of Ethereum with the significant changes […]
Fujitsu Rolls Out Blockchain-Powered Reward Point System in Japan
Japan-based tech giant Fujitsu is launching a new system for tokenization of traditional promotional tools like coupons and reward points on the blockchain. It is a blockchain-powered reward point system that allows merchants, schools, shops, restaurants and traditional tourism centers to revitalize their promotional tools using tokens. According to the company’s press release report on Wednesday, […]
Poland Reaffirms Crypto Exchanges Still Legal Nationally
The Polish Financial Supervision Authority (KNF) reaffirmed the country’s position regarding the legality of cryptocurrencies this week, in reaction to media accounts suggesting Poland is looking to prohibit all activity on cryptocurrency exchanges. False reports of a crypto ban While Poland did announce a government-led investigation into cryptocurrencies, allegations reportedly made by mainstream media outlets […]
‘World’s First’ Crypto Art Auction to Sell Andy Warhol Painting via Blockchain
Blockchain platform Maecenas announced Wednesday its plans to hold the “world’s first cryptocurrency art auction“, featuring a piece by famed artist Andy Warhol, as reported by Cointelegraph. Crypto-friendly art auction The auction will be held at UK fine art gallery Dadiani Syndicate on 20 June, with a 49% ownership stake of Andy Warhol’s 14 Small Electric Chairs up […]
Australian Company Loses $6.6M as Crypto Goes Missing
Australia-based Byte Power Party has lost USD 6.6 million after millions of Soarcoin tokens went missing when Singaporean company Soar Labs attempted to purchase a stake in the Australian firm without actually paying for it, reports CCN. In June 2017, a month prior to Soar Labs’s token sale, Byte Power announced the Singaporean company would […]
Dutch Central Bank Rejects Below-Par Blockchain System
The Netherland’s central bank, De Nederlandsche Bank (DNB), has posted a blog post saying that as yet, blockchain is not fit for purpose in terms of being a payment system. The bank maintains that that DLT won’t suit the central bank’s existing financial structure primarily due to lack of scalability with large volumes of transactions. […]
Coinmint to Make Alcoa Smelter One of World’s Largest Crypto Mining Centers
Crypto company Coinmint is to take over a former Alcoa aluminum smelting facility in New York State, a move that would make it one of the world’s largest cryptocurrency mining centers. The smelting plant located in Upstate New York has signed a deal with crypto-mining company Coinmint, to install one of the world’s largest cryptocurrency […]
