Please share if you find this article interesting. Bitcoin Miner Heist - From Iceland To China Given the surge in popularity of cryptocurrencies over the past few years, mining has become a seriously lucrative endeavor. All over the world miners have set up operations, big and small, as they look to capitalize on dwindling Bitcoin rewards from processing transactions and validating the blockchain. With plenty at stake, the costs of setting up even a small operation can be hefty, from the actual hardware to cooling systems and electricity consumption. However, those with enough capital to buy the best hardware, namely ASIC miners, put themselves in a commanding position. But that also makes them a target for criminals. Whether these crooks want to hack your system and steal your v...
Please share if you find this article interesting. Large Streaming Platform For Gamers Develops Its Own Blockchain For Unlimited Bandwidth Play2Live, a streaming platform for gamers and eSports fans, announced that it is developing its own blockchain infrastructure called Level Up Chain, as the startup team reported to Cointelegraph. Founded in 2017, Play2Live aims to merge blockchain technology with streaming services. The company plans to launch the Level Up Chain Testnet in July 2018. According to the company’s press release, creation of the new blockchain will let any participant – including viewers, streamers, eSports tournament organizers – benefit from monetization schemes. “Everybody can be part of the peer-to-peer interaction, and everybody, even the viewer, is able to
Please share if you find this article interesting. Bacardi Rum Heiress Invests $100 Mln In Blockchain Entertainment Platform Lady Monika Bacardi of the Bacardi rum empire has made an investment valued at $100 mln in a blockchain-powered social entertainment platform, according to an announcement from the company shared with Cointelegraph today, May 11. Lady Bacardi is quoted by the company as saying that the platform, dubbed TaTaTu, “reinforces [her] bullish stance on the promise of blockchain technology and cryptocurrency.” TaTaTu proposes to incentivize viewers using their platform – which is a hybrid of a Video on Demand (VOD) service and a social networking site – by rewarding them with crypto tokens for consuming and contributing content. The tokens also allow advertisers t
Please share if you find this article interesting. S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React Upbit, South Korea's largest cryptocurrency exchange, is being investigated by local police and ten investigators for alleged fraud, local news outlet Chosun reports today, May 11. Upbit is a crypto-only exchange run by a subsidiary of Korean tech giant Kakao, and currently the fourth largest crypto exchange globally by 24-hour trade volume. Chosun reports that police believe the exchange has faked its balance sheets and deceived investors. South Korea's Financial Supervisory Commission (FSC) reportedly sent ten investigators to the exchange’s head offices in Seoul at 10 am this morning, and will access the company’s computer system to audit the exchan
Please share if you find this article interesting. South Korea's Largest Crypto Exchange Upbit Under Investigation for Fraud - Bitcoin News Exchanges The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud, according to local media. While maintaining that customers’ assets are still kept securely, the exchange posted the following statement on its website: Upbit is currently under investigation by the prosecution, and we are wor
Please share if you find this article interesting. Bitcoin Hits Three-Week Low, Eyes Break Below $8,600 Bitcoin (BTC) hit a three-week low of $8,713 on Bitfinex earlier today and looks set to extend losses further, price chart analysis indicates. The cryptocurrency failed to cut through the descending (bearish) 5-day moving average (MA) located at $9,382 yesterday, despite the bullish falling channel breakout on May 9, and fell below the $9,000 mark as anticipated. As of writing, BTC is changing hands around $8,800 - below the 100-day moving average (MA) of $8,849 and down 2.42 percent from the previous day's close (as per UTC) of $9,018. The 10 percent decline from the recent high of $9,990 has weakened the bulls and has boosted the odds of a deeper drop to the 50-day moving ave
Please share if you find this article interesting. Financial Institutions In A Race: Who Will Bring Crypto Trading To The Fiat Masses First? September 12, 2017 will go down in infamy when talking about the relationships between traditional fiat financial institutions and their views on cryptocurrency. It was the day that JP Morgan CEO, Jamie Dimon, called Bitcoin a ‘fraud’. A lot has happened in the financial and crypto space in the eight months following that event, especially in terms of banking institutions and Wall Street’s perception of Bitcoin and cryptocurrencies. As Bitcoin started making a few waves in traditional finance, Wall Street-types were polarized. Some scoffed at the idea of digital, decentralized currency, while others took note and saw potential. It has now co
Please share if you find this article interesting. Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs - Bitcoin News The Daily In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based mining. Chinese giant Bitmain has recently launched its Antminer Z9 Mini designed to process transactions for cryptos like Zcash, which use the Equihash algorithm. Also read: Bitcoin in Brief Thursday: Bitcoin Supporter Might Be Next NY Attorney General China Preparing N
Please share if you find this article interesting. What's In a Name? The Identity Crisis for Initial Coin Offerings - Bitcoin News Op-Ed 45 mins ago | By OP-ED - | 1288 Aaron Kaplan, securities attorney and COO of Prometheum, is guest author for this Opinion/Editorial. Initial Coin Offerings (ICOs) have become the investment du jour while the understanding of what ICOs are has become desperately convoluted. Every huckster, scammer and opportunist has tried to hop on the bandwagon. (I’m talking to you, Casey Ryback) Many of these ICOs were a means for scammers to raise money over the internet from unsophisticated investors whose “FOMO” outweighed the obvious red flags associated with such offerings. Also read: Ver’s Sci-Fi Novel Life, Voorhees Buys Tucker’s Tie for $2
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Turned Bearish Key PointsBitcoin price failed to break a major resistance area near $9,400 and declined sharply against the US Dollar.There is a major bearish trend line forming with resistance at $9,380 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now trading well below the $9,050 support, which is a bearish sign in the short term.Bitcoin price turned bearish below $9,050 against the US Dollar. BTC/USD may continue to move down as long as it is below $9,000-9,050.Bitcoin Price AnalysisYesterday, we discussed a major resistance area near $9,450 in bitcoin price against the US Dollar. The price was trading with a positive bias, but buyers failed to push the price above $9...