Please share if you find this article interesting. Hackers Steal $400k from Users of a Stellar Lumen (XLM) Web Wallet - Bitcoin News Wallets Another cryptocurrency service provider has been hacked, costing hundreds of thousands of dollars worth of losses to Stellar users this time. DNS hackers have hijacked the Blackwallet server, redirected some of the traffic and made off with 669,920 XLM. Also Read: Japan’s Largest Bank to Launch Cryptocurrency Exchange Stellar Wallet Blackwallet Compromised The team behind Blackwallet, a Stellar Lumen (XLM) web wallet, has confirmed reports that the service has been compromised on Saturday, and that hackers have taken 669,920 lumens, which were worth about $400,000 at the time. The stolen loot has since been transferred to Bittrex, and B
Please share if you find this article interesting. Metropolitan Bank Denies Ceasing Cryptocurrency-Related International Wires - Bitcoin News News Just recently news.Bitcoin.com reported on the company Metropolitan Bank Holding Corp (NYSE: MCB) allegedly ceasing international cryptocurrency transfers. The bank is well known for being called the “Bitcoin Bank” and responded today to “erroneous statements” made by the media. Also read: French Entrepreneur’s Case to Overturn the Bitlicense Dismissed Various Reports State the ‘Bitcoin Bank’ Allegedly Ceased Offering International Cryptocurrency Transfers This week the financial publication Fortune reported on the company Metropolitan Bank and said the firm was not processing international wire transfers tethered to cryptocurrenc
Please share if you find this article interesting. Cryptocurrency App Users Increase 14-Fold in South Korea - Bitcoin News Featured The number of cryptocurrency app users in South Korea has increased 14 times in the last 11 weeks to approximately two million users, according to a recent analysis. Users spend an average of 26 minutes using them daily and the majority of users are in their 30s. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading A 14-Fold Jump Application analytics company Wiseapp recently conducted an analysis of 23,000 Android smartphone users in South Korea. The company found that “Nearly 2 million South Koreans are estimated to have used cryptocurrency applications with their smartphone in the past week,” Yonhap
Please share if you find this article interesting. Is Global Front on Bitcoin Regulation Possible? On a day where confusing news continues to emanate from South Korea and China on new proposed bans and restrictions on Bitcoin, a member of the board of Germany’s Bundesbank has called for a united global regulatory front. Joachim Wuermeling of Bundesbank believes there is very little chance of containing this digital global phenomenon with differing national rules across the globe. With international co-operation in regulating Bitcoin comes a chance for regulators to take control, says Wuermeling. The effect of regulation There has been increased regulatory pressure on Bitcoin and the entire cryptocurrency market recently, which has been felt across the board. The confusion that be
Please share if you find this article interesting. World Famous Brothel Buying Into Bitcoin? The Bunny Ranch, which is well known for even those who do not frequent such places thanks to being featured on HBO’s Cathouse show, is mulling over the advantages that could come with offering a Bitcoin payment option. Bitcoin made its name on the dark web because of the anonymity, and other reasons, it brought to the user, helping them buy anything from drugs and weapons, as well as sex and porn, discreetly. Things could be going full circle now as the upmarket brothel sees an advantage in harnessing that same privacy in payment. Exploring the recesses of Bitcoin Owner Dennis Hof, who has seven such legal establishments across Nevada, says he is exploring Bitcoin as a payment option due
Please share if you find this article interesting. Japan's Largest Bank to Launch Cryptocurrency Exchange - Bitcoin News Finance As bitcoin trading becomes the new mainstream in Japan, leading financial firms are stepping in to offer services to preserve their market share. MUFG, the largest bank in the country, is now planning to launch its own exchange, a pegged cryptocurrency and bitcoin segregated accounts for clients of other exchanges. Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors MUFG Exchange and Pegged Coin Mitsubishi UFJ Financial Group, Inc. (NYSE:MTU), the fourth largest bank in the world, plans to launch its own cryptocurrency exchange this financial year. According to reports from the country, MUFG has already notified the Financial Serv...
Please share if you find this article interesting. NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises Mark Cuban, billionaire tech investor and owner of the NBA team The Dallas Mavericks tweeted on Tuesday, Jan. 16 that starting next season, it will be possible to buy tickets to the team's games with Bitcoin. The Dallas Mavericks won’t be the first basketball team to start accepting Bitcoin as payment for tickets. The Sacramento Kings officially started accepting Bitcoin for promotional products as well as for tickets as far back as 2014. Cuban is a prominent figure in the cryptocurrency industry. He is famous for not only investing in a digital currency hedge fund and an ICO but also launching the Ethereum-based cryptocurrency Mercury Protocol in August
Please share if you find this article interesting. Decentralized Car Sharing Platform Aims to Lead the Blockchain-based Rental Market Looking around at the world, trust is probably the thing that is most lacking in our current business environment. Technology is at a strange middling capability, where it can do a lot more, but we never have any strong way of verifying who is on the other end of a transaction. The emergence of companies like Craigslist and eBay saw many people gain seemingly random connections with others by doing business through the Internet, but it also saw an increase in fraud and worse. These were made possible by the faceless interactions that occurred through new connections made over the Internet, and the result was a populace that was mistrustful of any s...
Please share if you find this article interesting. China’s Alibaba Launches Crypto Mining Platform Despite Restrictions, Say Local Sources Chinese e-commerce giant Alibaba has launched a surprise cryptocurrency mining platform, unconfirmed sources surfacing today claim. CnLedger, a Twitter-based local crypto news information provider, relayed the report from Chinese Internet service qq.com, stating Alibaba’s ‘P2P Nodes’ platform had “launched” after a registration in October 2017. According to the available material from cnLedger, Alibaba “may incorporate” P2P Nodes in its e-commerce platform “in future”: Tencent News: Alibaba launching virtual currency mining platform "P2P Nodes", registered in Nanjing. May incorporate with e-commerce platform in future. (Unconfirmed)https://t.
Please share if you find this article interesting. Cornell Researchers: Bitcoin Not as Decentralized as Assumed - Bitcoin News Featured Cornell University researchers, using the Falcon Relay Network, have concluded that neither of the two most popular cryptocurrency blockchains, Bitcoin and Ethereum, are as decentralized as once thought. A two-year longitudinal study claims Bitcoin underutilizes its network, Ethereum is better distributed than Bitcoin, and Bitcoin’s rewards for smaller miners is often unpredictable due to block size limits. Also read: Ditch University and High Transaction Fees! Cornell University Researchers Release Blockchain Study Decentralization in Bitcoin and Ethereum Networks, a peer reviewed study from the Initiative for Cryptocurrencies and Contracts