News

On Nov. 9, the Litecoin (LTC) news site litecoin.com reported one of the highest transactions to date on the LTC network, valued at 1,159,005.90779568LTC, or roughly $62M USD. Aside from the sheer amount of money moved, the transaction gained attention because it was settled for a mere fifty cents. The 1M+ Litecoin Transaction valued at $62M […]

The advent of cryptocurrency backed loans will have profound ramifications on the crypto markets. Although several exchanges and credit companies have tried to enter the space, none of them have achieved market dominance. The idea for cryptocurrency backed loans has existed for a while. Many ICOs have successfully raised money for the idea, and currently, […]

Leading cryptocurrency exchange Binance launches altcoin research lab. The lab will focus on analyzing the investment potential of projects and sharing this information with the general public. Binance launched its research lab November 8th. Starting this week, in-house research teams will conduct thorough reviews and perform due diligence on each of its listed coins. The […]

A fake EOS wallet app on the Google Play store has been stealing cryptocurrency. EOS developers took to Twitter Thursday morning to warn the community. A Reasonable Facsimile EOS RIO is an independent software firm based in Rio de Janeiro. The group is designated as one of the 21 ‘Block Producers’ for EOS, one of […]

Headmaster Lei Hua has been fired from his job at a school in Hunan, China, after a total of nine mining rigs were found stealing his school’s electricity to mine Ethereum, the BBC reported on Friday. Chinese headmaster canned for mining cryptocurrency with school's electricityhttps://t.co/fFMAe2IYPj pic.twitter.com/fYSHNWmBaO — Gizmodo (@Gizmodo) November 9, 2018 School Foots the […]

Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users […]

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil. RT @PresidencialVen: #NOTICIA NEWS: Everyone who saves […]

As countries around the world find their feet in the cryptocurrency market, governments have jumped on board in attempts to regulate the use of digital assets. Places such as Malta, Gibraltar, and Singapore have taken an open-arms approach to new crypto ventures and companies, coupled with a strict regulatory framework to help prevent fraud. India […]

Square’s mobile payments application, Cash App, posts impressive growth for Bitcoin transactions despite the bearish cryptocurrency market. In Square’s Q3 shareholder letter the company reports $43 million in Bitcoin revenues, contributing $560 thousand to quarterly net profit. Square is a merchant services and mobile payments company based out of San Francisco. Founded in 2009, the […]

Throughout the past 24 hours, several publications and public figures have misreported that China has put an end to its blanket ban on bitcoin and the cryptocurrency exchange market. On Nov. 9, one cryptocurrency-focused publication released a story entitled “China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.” The article instantly attracted […]