To many, Bitcoin is a censorship-resistant, decentralized, immutable, and borderless transactional tool that transcends centralized boundaries. But for many Westerners, these inherent features aren’t something that’s all too useful in day-to-day life. However, with the rise of Internet censorship and anti-“radical” narratives, some believe that the need for decentralized mediums of value and information cannot come… Continue reading Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet
Category: Cryptocurrency
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Huobi Chain Releases Whitepaper Amid “Crypto Winter”
While 2018 has undoubtedly slowed the crypto industry’s progress, a number of startups have forged ahead in their development efforts. And just weeks after Binance released a sneak peek of its in-house blockchain, which is currently centered around a low fee, near-instant, and scalable decentralized exchange, so has Huobi. Related Reading: Zhao: Binance Chain to Be Ready in “Months,”… Continue reading Huobi Chain Releases Whitepaper Amid “Crypto Winter”
Samsung Seeks UK Trademark For Cryptocurrency Wallet
Samsung has applied for a U.K. trademark for a cryptocurrency wallet, after denying rumors it would include a native wallet on the Galaxy S10 earlier this month. South Korean electronics giant Samsung is apparently seeking a trademark in the United Kingdom for a cryptocurrency wallet, according to a Dec. 27 filing with the U.K. Intellectual… Continue reading Samsung Seeks UK Trademark For Cryptocurrency Wallet
Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications
The Japanese Financial Services Agency has received 190 cryptocurrency exchange license applications. The Japanese Financial Services Agency (FSA) received 190 cryptocurrency exchange license applications, an unnamed FSA staff member told Cointelegraph Japan on Dec. 28. The FSA has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee… Continue reading Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications
Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold
A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite… Continue reading Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold
Bitcoin Artist Explains “Why Bitcoin Matters” Through New BTC Sculpture
A sculptor inspired by Bitcoin has created a beautiful piece of artwork commemorating the financial and technological innovation. Each element of the sculpture highlights an important quality of the decentralised digital currency. The piece has been created by cryptocurrency artist Simon Moratz (Twitter handle @mycryptoart. The all-natural, wooden and stone creation is currently on sale… Continue reading Bitcoin Artist Explains “Why Bitcoin Matters” Through New BTC Sculpture
From “Obsolete” Blockchain to Bitcoin at $1 Mln: Predictions of 2018
The most noticeable 2018 predictions on cryptocurrency rates, blockchain adoption and a Bitcoin ETF, which either became a reality or failed. The world of cryptocurrencies is full of prophets and predictions of all ranges, just as any other financial market in the world. 2018 jumped right in with Bitcoin (BTC) hovering around $15,000 and investors… Continue reading From “Obsolete” Blockchain to Bitcoin at $1 Mln: Predictions of 2018
National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product
The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology. The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27. Established in 1952, the NBK is the largest financial institution in terms… Continue reading National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product
Crypto Markets Trade Flat as Equities Markets Drop Following Yesterday’s Pump
Following the recent period of volatility in the cryptocurrency markets, Bitcoin has found support around $3,800, and has led the overall cryptocurrency markets to trade sideways. The crypto market’s stability over the past couple of days comes amidst major volatility in the traditional equities markets. At the time of writing, Bitcoin is trading up marginally at… Continue reading Crypto Markets Trade Flat as Equities Markets Drop Following Yesterday’s Pump
Bitcoin Wallet Comprise: Electrum Wallet Breach Costs Users Over $750,000
According to emerging reports, the popular Bitcoin wallet software Electrum has been attacked costing those affected over $750,000 worth of Bitcoin. The security breach involved hackers tricking the wallet into urging users to make a critical update. Those affected were then redirected to an unauthorised GitHub repository where an unofficial update was made to the… Continue reading Bitcoin Wallet Comprise: Electrum Wallet Breach Costs Users Over $750,000