Category: cryptocurrencies

Major Japanese cryptocurrency exchange Coincheck has announced that it will reimburse the accounts of the 260,000 customers who lost XEM tokens in a recent hack at a rate of roughly 81 U.S. cents per unit. As of this writing, XEM is trading for approximately 89 U.S. cents, having recovered slightly from its dip in the wake of the hack. The announcement comes amid concerns expressed by Japan’s Financial Services Agency (FSA) that it is uncertain as to whether Coincheck possesses sufficient funds in order to conduct the reimbursement. Also Read: Japanese…

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Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Samsung Bitcoin Chips Samsung Electronics (KRX: 005930), the flagship company of the Korea-based multinational conglomerate Samsung Group, has entered the bitcoin mining business according to reports from the country. It has earlier signed a contract with a Chinese bitcoin mining…

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A two-day workshop involving over sixty financial investigators in Basel, Switzerland has seen Europol and Interpol agree upon a range of measures designed to ramp up efforts to combat the use of cryptocurrencies for money laundering and terrorist financing purposes. The event saw attendance from over 60 international financial investigators. Also Read: New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions Financial Investigators Discuss Cryptocurrency Regulations The recent workshop was hosted by the Basel Institute on Governance and organized in partnership with Europol and Interpol. The event saw…

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Young Americans are signing up in droves to a new cryptocurrency trading service, showing the massive unmet demand in the market for more bitcoin trading venues. Cryptocurrencies are coming soon to the Robinhood platform and traders appear to be following them in anticipation. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Robinhood Hits the Bullseye Over a million people are already waiting in line to get early access to bitcoin and cryptocurrencies trading service by Robinhood Markets, according to its launch…

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South Korean electronics giant Samsung has begun manufacturing ASIC hardware geared to cryptocurrency mining in a Chinese partnership. Samsung Edges In On Bitmain That’s according to a report in local news outlet The Bell, which on Monday stated the deal with Taiwanese operator TSMC Taiwan was already resulting in “mass production.” The move would constitute the second major step into the mining sector by a global multinational this month after Eastman Kodak announced a surprising but highly-criticized scheme several weeks ago. Samsung would also join the turbulent race to cement…

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The Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future. The hack of the Japan-based Coincheck crypto exchange last week was huge. Roughly 523 million of its NEM coins were stolen, causing the exchange to shut down all withdrawals, except for Bitcoin. The overall value of the stolen coins is around $534 million. However, the crypto market stabilized pretty quickly, but more trouble may be coming. In an interview with CNBC, analyst Nicholas Colas said that more…

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Barely a week passes when Tether isn’t in the news. For a so-called stable coin, Tether and its acolyte Bitfinex are at the center of a lot of instability within the cryptoverse. After it emerged over the weekend that Tether had kissed goodbye to its auditor, critics of the opaque company began to wonder whether they would ever be granted a glance at the company’s books. Months of promises have ended with a whimper now that auditor Friedman LLP has exited stage left. Also read: Vouching Bitfinex and Tether’s Bank Accounts…

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The current cryptocurrency investments ecosystem is one of the purest forms of a free market in economic history. This gives rise to an incredible growth which makes some people overnight fortunes and allows startups to flourish like never before. Unfortunately, it also puts the burden on investors to vet the teams, ideas, and capabilities before getting involved with any ICO. Also Read: Singapore Mall Sells Cryptocurrency Mining Hardware Exit Stage Right Website is down The website for an ICO project called Prodeum has gone offline unannounced on Sunday, leaving only…

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On January 25th, 2018, the online auction platform, Charitystars, finished its bidding auction that featured a chance to win a private lunch meeting with bitcoin’s first investor Roger Ver. Charitystars has announced the winner of the auction has paid $87,000 USD to have a power lunch with Ver in the Caribbean island of Saint Kitts. Proceeds from the sale will be donated to the website Antiwar an online portal that promotes peace and non-interventionism. Also read: Ditch University and High Transaction Fees Power Lunch With Roger Ver Raises $87,000 and Proceeds…

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