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Russian Central Bank: ‘Crypto Assets’ No Threat to Global Financial Stability

Russian Central Bank: 'Crypto Assets' No Threat to Global Financial Stability

Crypto assets don’t currently threaten global financial stability, according to a 30 May report released by Russia’s Central Bank, writes Cointelegraph. The report went on to say that, due to comparatively low global cryptocurrency volumes, this particular segment is insignificant at present, posing no actual threat to global stability in financial sectors. Similar to a recent Dutch internal report aimed at …


Philippine Blockchain Pilot to Connect Rural ‘Unbanked’

Philippine Blockchain Pilot to Connect Rural ‘Unbanked'

In a bid to spread financial inclusion to a largely unbanked population, the Union Bank of the Philippines (UnionBank) is piloting real-time retail payments on the Ethereum blockchain with five rural banks in Mindanao, the second largest island in the country. Connecting the unbanked According to local news outlet Philippine News Agency (PNA), the payment system developed by US-based startup …


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 …


New ASIC with 7nm Architecture Boasts 20+ billion transistors

7nm Architecture

The Japanese company GMO Internet Group announced on Wednesday the launch of their bitcoin application specific integrated circuit (ASIC) miner built on a 7nm architecture. They are aiming for the new compact chip design to launch on the 6th of June and for mass production of the B2 miner to lead to the shipping of the final product in October. The …


Over $1 Billion Crypto Stolen Worldwide in Last 18 Months as GDPR Activates

The Anti-Phishing Working Group (APWG) estimate that over $1 billion (US) in crypto has been stolen since the start of 2017, states Blockchain Security Company — CipherTrace. This recent surge has led to numerous global investigations, aiming to bring the criminals resposible to justice. According to CityWire, the UK’s Financial Conduct Authority is reported to have opened 24 investigations into …


Art Auction Sells CryptoKitty For $140,000 in Ether

Art Auction Sells CryptoKitty For $140,000 in Ether

A CryptoKitty was sold for USD 140,000 (203.41 Ethereum) at the first Codex Protocol art auction during the 2018 Ethereal Summit. The ‘Celestial Cyber Dimension’ CryptoKitty is the most expensive in history, outpacing one which sold for USD 117,000 in December 2017. CryptoKitties is an online game that is built off the Ethereum blockchain, currently the second most popular cryptocurrency …


London Mosque Takes Crypto Stance, Accepts Ethereum for Donations

London Mosque Takes Crypto Stance, Accepts Ethereum for Religious Donations

The first mosque for Turkish Cypriots in the UK, the Masjid Ramadan, has decided to accept Ethereum in order to carry out essential repairs, reports London’s Hackney Gazette. Leaders at the mosque have made the decision to accept the cryptocurrency as part of Muslim observance of Zakah, the annual donation made by all of that faith, requiring that adherents donate …


Coinbase Looks to Acquire Banking Licenses

Coinbase Looks to Acquire Banking Licenses

Coinbase is currently looking into the processes involved in acquiring banking licenses. The Wall Street Journal reports that an undisclosed source revealed that the exchange engaged in conversations with members of the US Office of the Comptroller of the Currency in earlier this year: “Coinbase Inc and another cryptocurrency firm talked to US regulators about the possibility of obtaining banking licenses, a move that would allow …


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