SEC Chairman Signals a Storm Coming for Fly-by-Night Blockchain ICOs

Regulation There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington […]

Japan’s GMO Internet Develops 12 NM Mining Chips

Mining Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards realizing a […]

Benebit ICO Does a Runner with $2.7 Million of Investor Funds

Crowdfunding Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a […]

Coinbase Is Making $2.7 Million a Day

Markets and Prices Running a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute. […]

Church in Zürich Accepts Donations in Bitcoin, BCH, Ether, Ripple and Stellar

Economics While some mainstream media sources will have you believe that bitcoin is only used for buying illicit drugs, contracting hitmen and laundering money, the truth is that it is being used for so much more than that – just like fiat currency. The latest example is a religious body that now […]

Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip

Market Updates A vast majority of cryptocurrencies were suffering from losses yesterday after last weekend’s recent spikes in value. Bitcoin core (BTC) prices have dropped since touching the $13K zone back down to the $10K region while most of the digital asset markets were also down yesterday are up now. At the […]

New Research: 10% of Funds Raised in ICOs Lost or Stolen

Crowdfunding Close to $400 million USD raised from initial coin offerings have been lost or stolen, a new research has found. The embezzled funds constitute more than 10% of what had been collected for the projects covered by the study. Meeting fundraising goals is getting harder for companies conducting new ICOs. Also […]

Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners

Mining After years of enjoying the increased demand from cryptocurrency mining, GPU manufacturers have begun to signal they might not be too thrilled about miners overcrowding the market. Nvidia has requested retailers to take some measures to try and ensure its produces get into the hands of gamers, not miners. Also Read: […]

South Korean Card Companies Block Transactions to Overseas Cryptocurrency Exchanges

Finance South Korean card companies are reportedly working on blocking payments to overseas cryptocurrency exchanges. Currently, 20 major crypto exchanges are blocked but that number is expected to increase, according to the Korean Credit Finance Association. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Blocking Payments Overseas South […]

Northern European Bank Nordea Confirms Bitcoin Ban for Employees

Featured As learned two weeks ago, one of Europe’s largest banks, Nordea, will enact a company-wide policy to effectively ban its employees from owning or trading in cryptocurrency. Citing risks and perhaps looming regulation, the bank decided to act preemptively. Also read: Whistleblower Details Big Bank’s Plans to Prohibit Employees Owning […]