Hacked Accounts on Crypto Exchanges Rose 369% in 2017, Research Finds August 6, 2018

New research has found that crypto hacks are increasing, with a majority of criminal activity originating from the U.S., according to International cybersecurity firm Group-IB. Poor Security Measures According to Group-IB, hacked accounts rose 369 per cent in 2017 compared to the previous year, with 720 usernames and passwords stolen across 19 of the top exchanges, […]

Blockchain-Based OTC Trading Platform Xtock Announces Alpha Website Launch and Prepares for Global Marketing August 6, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

DVLT ICO is the Blockchain Solution for Data Analytics August 6, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Bank of Thailand Green-Lights Financial Companies for Crypto Activities August 6, 2018

Regulation Thailand’s central bank has announced the rules under which financial institutions, including commercial banks, and their subsidiaries can engage in cryptocurrency activities. They include securities, asset management, and insurance firms. This follows the country’s crypto regulatory framework that went into effect last month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Circular, […]

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste August 6, 2018

Researchers from one of the top universities in China say they have developed a decentralized exchange, not for crypto assets, but for unused power A patent application filed by team from China’s Fudan University in January and revealed on Friday sets out the workings of a blockchain-based electricity exchange that assigns power sellers and buyers as […]

The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition August 6, 2018

The Daily In today’s edition of Bitcoin in Brief we cover a number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency, and demands by Vietnamese victims for an alleged fraudster’s extradition plus an update about Kickico. Also Read: Okex Socializes Loss From Over $400 Million Bet […]

Indian State Government Launches Country’s First ‘Blockchain District’ August 6, 2018

The government of the Telangana, a southern Indian state, is partnering with a major IT firm to establish a district exclusive to blockchain startups in the state’s capital city. The Telangana State Information Technology, Electronics and Communication Department (ITE&C) has inked a memorandum of understanding (MoU) with multinational IT services giant Tech Mahindra to establish […]

Indian State Partners with Mahindra to Build 'Blockchain District' August 6, 2018

A state government in India is working with a multinational IT services giant to build a district within the state capital dedicated to blockchain startups. The IT department of the Telangana state government on Friday signed a Memorandum of Understanding (MoU) with Tech Mahindra, a publicly listed firm with headquarters in India, that will see […]

Japan May Eliminate Cash Following Sweden’s Lead, is it Good for Crypto? August 6, 2018

As the Bank of Japan tries in futile to reach their goal of a 2% inflation rate through monetary stimulus, new methods for lifting the economic constraints caused by deflation are being discussed.  Japan may find that following in Sweden’s footsteps by abolishing cash may solve many of their economic problems. How Abolishing Cash Could End […]

Coinbase Seeks Online Merchant Crypto Adoption by the Millions August 6, 2018

News Adoption news keeps flowing this week, from Wall Street to Australia, and now San Francisco. The United States largest cryptocurrency bank, Coinbase, announced it is expanding its commerce section to include Woo Commerce via a plugin downloadable from Github. It could be just what more online merchants need to get comfortable with cryptocurrency. Also […]

Hodler’s Digest, July 29-August 5: Both Kim Kardashian and the Operator of the New York Stock Exchange Get Into Bitcoin August 6, 2018

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week New York Stock Exchange Operator Announces Digital Assets […]

A Look at Stylometry: Can We Uncover Satoshi Through Literary Quirks? August 6, 2018

Technology Over the past few years, the number of people hunting for Satoshi Nakamoto has increased as people all over the world have been in search of the mysterious creator of Bitcoin. The cryptocurrency-community has also seen a few people come out of the woodwork recently, who have claimed to be Satoshi or have been […]

Roger Ver Sent Governor of Jeju Island $100 in Bitcoin Cash, Did it Violate Local Policy? August 6, 2018

Roger Ver, a prominent cryptocurrency investor who has backed some of the largest companies in the global crypto sector such as Blockchain, Zcash, BitPay, and Kraken, recently sent the governor of Jeju Island of South Korea $100 worth of bitcoin cash at a public event. Humorous Kim Yeong-Ran Rule Banter Over the weekend, Ver visited […]

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin August 5, 2018

The Weekly In this week’s daily editions of Bitcoin in Brief we reported about China hiring a cryptographer, McDonald’s unveiling Maccoin, Bitmain getting richer and much more. The most commented-on article during the week covered Paul Krugman’s new attack on the idea of cryptocurrency on the pages of The New York Times. Also Read: $37 […]

‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help August 5, 2018

News South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the […]

Op-Ed: A Beginner’s Guide to the Economics behind Security Token Offerings August 5, 2018

The problem is not with the vehicle, the problem lies in the gold-rush mentality. When everybody starts mining for gold, the percentage of people who strike gold falls naturally. This is Economics 101. Economics 101 Scarce resources do better in terms of valuations than abundant resources. Take water, for example, it is an abundant resource […]

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders August 5, 2018

Exchanges Anyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: […]

Mt Gox Creditors Prepare Revised Claims for Bitcoin Repayments Plan August 5, 2018

In 2014, Mt Gox exchange handled an estimated 70% of the total Bitcoin supply until a security breach led to the loss and/or theft of approximately 850,000 BTC, worth $450 million at the time and billions today. The exchange filed for bankruptcy, leaving creditors in the lurch ever since, but a new plan for (partial) […]

5 Amazing Sources of Clean Energy the Blockchain Mining Industry Can (and Should) Use August 5, 2018

When it comes mining Bitcoin or any other digital currency, the goal is to keep operational and energy costs to a minimum to ensure maximum profitability. Up until recently, that need for optimal energy costs has sent a good deal of  mining to China, where electricity is subsidized and cheap. However, most of these facilities […]

Money or Assets? How World Governments Define Cryptocurrencies August 5, 2018

Cryptocurrencies — what are they? Money? Commodities? Securities? Utility tokens? Or something else? Few national governments seem to be in any kind of agreement on this question, and for now, at least, their divisions have given such currencies as Bitcoin and Ethereum a floating, indeterminate status on the global stage. As a result, cryptocurrencies lack […]

Bitcoin Price Drops, IPO’s and an NYSE Bitcoin Market: This Week in Crypto August 4, 2018

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts. Price Watch: The bitcoin price is down 15% this week following strong gains of 9% last week and 18% […]

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves August 4, 2018

Exchanges South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also […]

Renvale Capital Holds Annual Meet the Profession Networking Dinner and Discusses Korea Legislations August 4, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings August 4, 2018

The Bank of Thailand (BoT) has recently allowed local banks to set up subsidiaries for dealing with cryptocurrencies, local Thai source Blognone reported August 3. According to a regulatory announcement published by the BoT on August 1, Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies […]

MOAC Holds Press Conference for IPFS Subchain “FileStorm” in Qingdao August 4, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]