News

LocalBitcoins detected a security breach that allowed “unauthorized sources” to access and send transactions from a number of affected accounts. So far, there have been six confirmed cases of the breach. The company identified the source of the problem as a “feature powered by third-party software.” In the latest crypto hack, peer-to-peer trading service LocalBitcoins […]

To better understand who invests in crypto and ICOs, why they do it, and how exactly they make trades, in late 2017—at the peak of the crypto mania—I set out to study people behind the billions in investment and speculative trading. Research Background In the run-up market highs in December 2017, seemingly everyone was getting […]

In an industry that’s flooded with money, it’s sad to see some crypto media outlets succumb to the perils of so-called fake news, not to mention misinformed readers falling for scams during the ICO craze. 2018 was a controversial year in the crypto media sphere. Disappointingly, it was uncovered that stories people may have read […]

RealBlocks, a platform leveraging the Ethereum blockchain to tokenize equity in real estate, closed a $3.1 million seed round. The round was led by Science, Inc., a fund with stakes in digital businesses—such as Dollar Shave Club, and was joined by Anthony Pompliano’s Morgan Creek Capital and several other venture capital funds. On Jan. 25th, […]

Cryptocurrency, despite the massive drop in value from a year prior, was still a hot topic of discussion at the World Economic Forum in Davos, Switzerland. Experts on cryptocurrency and blockchain debated the technology in the panel “Building a Sustainable Crypto-Architecture” with insight into both sides of the discussion. The moderator, Gillian Tett of the […]

Hyperledger—an open-source project spearheaded by IBM—announced the launch of its Grid framework, a new set of tools designed for optimizing supply chain applications of the software. The new project will introduce new aids and “smart contract based business logic” to promote experimentation with Hyperledger’s suite of technologies. Greenhouse of Tools As noted in the group’s […]

Delinquent federal and state tax filings or unreported 2017 or prior tax years’ transactions may force taxpayers dealing in crypto to liquidate significant positions in cryptocurrencies at lower values to pay outstanding tax liabilities to the IRS, including interest and penalties. The meteoric rise of Bitcoin and other convertible virtual currencies’ value in 2017 were […]

The United Kingdom’s Financial Conduct Authority (FCA) released a ‘consultation paper’ on Jan. 23rd as part of its next step on working with crypto assets. It sets out details on where different types of crypto assets might fall in the regulatory perimeter. This consultation paper allows the public to give feedback on the proposed measures […]

Redditors, in a humorous attempt to push up bitcoin prices, are trying to fool trading bots that scrape the forum for sentiment. And the results are hilarious. Reddit’s Crypto Conundrum The ritual started from a Redditor who proclaimed on Jan. 22nd to “trick the bots by being positive.” The specifics behind his plan: “Bots use […]

Icelandic Bitcoin mining equipment thief, Sindri Þór Stefánsson, was sentenced to four and a half years in prison on Jan. 17th. He was re-apprehended in the Netherlands after he fled custody and boarded a flight to Stockholm from Reykjavik in April 2018. Stefánsson made headlines in February last year when he stole Bitcoin mining equipment […]