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Less than $1k Needed to ‘51% Attack’ Most Cryptos

Less than $1k Needed to '51% Attack' Most Cryptos

A new website has been created to calculate the cost of performing a ‘51% attack’ on various cryptocurrencies via renting mining power from mining company NiceHash. The results are surprising and shocking, with many cryptocurrencies requiring less than USD 1,000 for a successful one-hour 51% attack. The website was created by Reddit user xur17 in response to an attack on …


Wall St Millennials Crack Crypto Fortunes: Banker Starts New Life Firewalking

Wall St Millennials Crack Crypto Fortunes: Banker Starts New Life Firewalking

Millennials are leaving behind the world of private equity and hedge funds, and jumping off the Wall Street merry-go-round for a new life because they’ve already made their money on cryptocurrency, writes EFC. At least three staff members at New York’s Goldman Sachs have reported that it was time to move and start a new life, having made their own …


Hong Kong Government Gives Thumbs Down to Own Crypto

Hong Kong Government Gives Thumbs Down to Own Crypto

In an announcement on 30 May, the Hong Kong Monetary Authority (HKMA) announced that it currently has no plans to issue a central bank digital currency (CBDC), reports Coindesk. In April of last year, the HKMA first revealed, in a response to legislators, that the banking authority has started “research and a proof-of-concept work on central bank digital currency”, which …


Brisbane Airport Lets You Buy Before You Fly with Crypto

Brisbane Airport Lets You Buy Before You Fly with Crypto

Australia’s Brisbane International Airport has announced that it is to introduce cryptocurrency payments at its terminal, according to News BTC. Brisbane airport has teamed up with Australian crypto travel company TravelByBit, which designs tourist routes and provides selected providers with a digital currency payment platform. The airport will use the platform to enable flyers to use Bitcoin, Ethereum, Dash and …


Nasdaq Considers Crypto Exchange with Bitcoin, Litecoin, Stellar Top Picks

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 market turmoil if it transpires. …


Seized Crypto Millions Auctioned by German Prosecutors

Seized Crypto Millions Auctioned by German Prosecutors

Bavarian prosecutors are to auction off seized cryptocurrency worth nearly USD 14 million, estimated to be the highest such sale in German history, reports Cointelegraph. The sale, originally reported in local news source Der Tagesspeigel on 28 May, involves 1,312 Bitcoins (BTC) and other digital currencies including 1,399 Bitcoin Cash, 1312 Bitcoin Gold, and 220 Ethereum. The funds were confiscated as …


Over 3,000 Bitcoin ATMs Worldwide and Argentina Wants 30,000 of Its Own

Over 3,000 Bitcoin ATMs Worldwide and Argentina Wants 30,000 of Its Own

New figures released by CoinATMradar show that there are now 3,125 Bitcoin ATMs worldwide, with six new installations daily, reports Bitcoinist. Argentina plans to become the world’s biggest player with pre-agreements to install 4,000 ATM around the South American country as part of a new government plan to install 30,000 machines in the future. Bitcoin’s recent slump hasn’t seemed to have …


Crypto Addicts Can Kick the Habit at New Scottish Unit

Crypto Addicts Can Kick the Habit at New Scottish Unit

A treatment center for people who have developed a cryptocurrency habit has been opened at a hospital on the Scottish borders, according to Sky News. The West Linton facility at Castle Craig Hospital in Peebleshire, on Scotland’s most southern border with England, is planning to extend its regular operations from running treatment for drug and alcohol addiction to treating investors …


Marshall Islands Is Officially Crypto Enabled

Marshall Islands Is Officially Crypto Enabled

The Marshall Islands made its own cryptocurrency, doing away with the US dollar in March, but is unclear as yet if the island’s banking system is ready to adopt it, reports The Verge. Politically, the Marshall Islands (RMI) is a presidential republic in free association with the United States, with the US providing defence, subsidies, and access to US-based agencies such …


The Rock Is Rolling with Gibraltar’s Investor Surge and First Crypto Postage Stamp

The Rock Is Rolling with Gibraltar's Investor Surge and First Crypto Postage Stamp

Xapo, the reputed startup holding USD 10 billion of Bitcoin for clients, is set to begin operations from the Rock of Gibraltar as the British overseas territory continues to attract Fintech business, reported Bloomberg. Gibraltar aims to lure new and existing fintech companies to its shores, following in the footsteps of other European countries such as Malta and Switzerland, both of …


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