Coinsecure Begins Refunding Customers After $3.3M Bitcoin Theft

Coinsecure Begins Refunding Customers After $3.3M Bitcoin Theft

Coinsecure has posted a notice on its website saying that it has begun compensating customers with Indian rupees (INR). Customers have been waiting for a refund since 9 April 2018 when Coinsecure closed due to the loss of 438 Bitcoins worth USD 3.3 million at the time. This is the largest cryptocurrency exchange theft in […]

Galaxy Digital to Invest “Hundreds of Millions” of Dollars into Crypto Startups

Galaxy Digital to Invest Hundreds of Millions of Dollars into Crypto Startups

Galaxy Digital, which was founded by billionaire crypto enthusiast Mike Novogratz in early 2018, has hundreds of millions of US dollars available for investment in crypto startups, according to Business Insider. Galaxy Digital has already made numerous cryptocurrency investments that haven’t been disclosed to the public yet. This is not surprising since Mike Novogratz has said […]

Bitcoin Interest to Double According to Dutch Banking Giant ING

ING: Bitcoin Interest to Double

A new consumer economic report from Dutch banking giant ING suggests that Cryptocurrency adoption not only on the rise but is likely to double, according to The Independent. Although according to the report, only one in 10 Europeans currently owns digital currency, it is still expected that 16% will own them in the future. The […]

Japanese Investor Pleas for Lower Crypto Taxes Unlikely to Force Change

Japanese Investor Pleas for Lower Crypto Taxes Unlikely to Force Change

Japan’s minister of finance, Fukushiro Nukaga, doubts that the public would condone a change in cryptocurrency taxation in the Asian country, write Cointelegraph. Any change would essentially create a special case for cryptocurrency by lowering taxation to 20% from the standard rate which could be as much as 55%, which would be called a “separate […]

No Ukraine Plans to Regulate Crypto Mining as Exchanges Await Legislation

No Ukraine Plans to Regulate Crypto Mining as Exchanges Await Legislation

A Ukraine government agency has just announced that it has no plans to regulate cryptocurrency mining in the country, according to local news portal CryptoRussia.ru. The State Service for Special Communication and Information Protection of Ukraine made the announcement after a request to clarify the status of crypto mining by the Better Regulation Delivery Office […]

Lithuania Drawing Huge Interest from Russian ICOs

Lithuania Drawing Huge Interest from Russian ICOs

Baltic state Lithuania has been undergoing a cryptocurrency boom due to the government’s liberal stance on regulation, reports UK paper, The Daily Express. Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of northern-eastern Europe with a population of 2.8 million people as of 2017. Its capital and largest city is Vilnius. […]

Bitcoin Alert Key Revelation Nears, Says Core Contributor

Bitcoin Alert Key Revelation Nears, Says Core Contributor

A Bitcoin developer says that he is about to release a Bitcoin private key which has long been kept secret from the public, according to Coindesk. The key activates a system alerting those running the software that their funds are in danger. The key was reported to have been entrusted to a handful of Bitcoin […]

Merck Patenting Blockchain Tech to Reduce Drug Counterfeiting

Merck Patenting Blockchain Tech to Reduce Drug Counterfeiting

Pharmaceutical giant Merck filed a patent with the United States Patent and Trademark office in December 2016 that just became visible on 21 June 2018 describing a blockchain-based system to track products through the supply chain. This has the potential to reduce drug counterfeiting and illicit diversion of drugs. Counterfeit drugs can result in serious […]