China Central Bank Vows to Crush Foreign ICOs Targeting Chinese Investors
At a meeting for the Internet Finance Rectification Working Group on 9 July 2018, the Vice Governor of the People’s Bank of China (PBoC), Pan Gongsheng, had harsh words for foreign initial coin offerings (ICOs) that are targeting Chinese investors. He said, “Any new financial product or phenomenon that is not authorized under the existing […]
Sidetangle Attack on IOTA Reveals DAG Susceptibility
The IOTA network, referred to as the tangle, has been under siege recently by a sidetangle, which is a parasitic chain of transactions produced by a hacker. The sidetangle has been stitched to the maintangle, causing nodes to crash and slowing down the entire network. This has revealed a susceptibility for directed acyclic graph (DAG) […]
Hodling Bitcoin May Be Best If You’re Looking for a Mortgage
According to a post on the Reddit forum r/btc it appears that mortgages may not be quite so easy to acquire for those with a cryptocurrency selling history. For those who made substantial profits from trading cryptocurrency in last year’s bull market, buying a property may be a viable proposition. Reportedly, this investor came across […]
China’s Banking Regulator Warns Against “Mythologizing” Blockchain
A Chinese regulator has spoken out against blockchain, accusing some of mythologizing the technology, writes Cointelegraph. Fan Wenzhong, head of the international department of the China Banking and Insurance Regulatory Commission, made the statement during a recent speech at the 5th Fintech Bund Summit in Shanghai on 8 July. The regulator didn’t deny that blockchain […]
Bitcoin Pioneer Nick Spanos Says Bitcoin Will Recover, Governments Will Fail
The CEO and co-founder of Zap.org, Nick Spanos, has claimed that Bitcoin will recover despite its current bearish movements, but governments won’t have an easy ride. Spanos is a pioneer in the Bitcoin and blockchain technology space. In 2013, Spanos founded Bitcoin Center NYC – the world’s first-ever cryptocurrency trading floor, which initially opened directly […]
Bitcoin Evangelist Li Xiaolai Resigns from $1B Government-Backed Blockchain Fund
One of China’s most prominent cryptocurrency investors and Bitcoin advocates, Li Xiaolai, has resigned from the Hangzhou Xiong’An Blockchain Innovation Fund, giving up his position as managing partner of the USD 1 billion Chinese startup. A brief timeline of disputes and allegations The resignation comes after venture capitalist Chen Weixing publicly began making hostile comments toward […]
Gallery Sees Crypto Payments Boost Sales by 427%
An online sales art gallery has seen its sales leap by 427% after accepting cryptocurrency payments three months ago, writes the Daily Hodl. Lynx Art Collection, which sells a range of quirky and unusual pieces from embossed small panels to Bitcoin beach towels, says that it has seen its sales rocket since selling its first poster […]
Bulgaria’s Bitcoin Stash Size Second Only to Satoshi Nakamoto’s
In May 2017, Bulgarian law enforcement seized BTC 213,519 during a crackdown on an organized crime ring that was circumventing taxes. These Bitcoins are worth USD 1.4 billion as of this writing on 10 July 2018. If the Bulgarian government is still holding onto these Bitcoins then it has the second largest stash of Bitcoins in the […]
Stephen James BMW in UK Now Accepting Bitcoin
Stephen James BMW, which operates five BMW dealerships in London and Kent in the United Kingdom, is now selling cars for Bitcoin via BitPay. This is another example of how Bitcoin can be used as a medium of exchange, even for large purchases like luxury cars. Stephen James is now accepting Bitcoin for the purchase […]
Monaco Purchases Crypto.com Valued at Least $5M, Possibly Priciest Crypto Domain Name in History
Cryptocurrency payments company Monaco has purchased the highly-coveted domain name Crypto.com for an undisclosed amount of money. Domain name selling expert Niko Younts says that Crypto.com is worth between USD 5 million and USD 10 million, possibly making this the largest crypto-related domain name purchase in history. Other examples of extremely expensive crypto domain name […]
