North Korea is making news as, according to a draft report from the United Nations, the country has stolen around $2 billion in a wave of cyber attacks on cryptocurrency exchanges and financial institutions in an effort to fund military weapons program. The report was submitted to the Security Council committee this past week by…
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The US-base unicorn, or better yet, the largest cryptocurrency exchange in the US, Coinbase is reportedly facing a negligence lawsuit for not handling the launch of BCH the right way. According to released court documents, US District Judge Vince Chhabria has formally accused the exchange of unfair competition practices and misrepresentation. Bitcoin Cash was launched…
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Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
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If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…
Read moreThe Securities and Exchange Commission (SEC) in the U.S. has published a request for blockchain support. The agency wishes to outsource the task of running nodes on the BTC, ETH, and XRP blochchains, ostensibly “to support its efforts to monitor risk, improve compliance, and inform commission policy with respect to digital assets.” The Trustnodes news…
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Chainyard and IBM have partnered to create a new blockchain system for supply chain management with the purpose of improving onboarding, supplier validation, and life cycle information management. The information comes from a official news report by IBM. The name of the blockchain network is Trust Your Supplier. The entire system is primarily focused on helping…
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As the old adage goes, “If something can go wrong, it will.” Unfortunately, LedgerX, a current issuer of options and swaps in the U.S., was primed and ready to be the first firm to offer “real” Bitcoin futures contracts, ones that “physically settle in kind”, not in cash. In fact, it had announced proudly that…
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Bitcoin is back to its old tricks of waiting until the weekend to make a positive leap forward. It had been ranging of late, unable to break out in any direction. If you went back to June, its fifth positive gain month in a row, BTC had been roundly repulsed from the $13,800 level. A…
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Spending your cryptocurrencies is one of the goals of many companies. Startups around the world think of innovative solutions on how to allow investors to actually spend their digital coins. One financial startup, however, is doing a different thing. Nexo, Arrington XRP capital-backed company, revealed a special debit crypto card with a line of credit…
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July has finally ended. It seemed to be a month where every government official, including President Donald Trump, regulator, and died in the wool crypto skeptic decided to make a concerted effort to banish Bitcoin and the notion of cryptocurrencies from the public consciousness. After several years of endless debate, Indian authorities even stopped their…
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