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To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast. Reporting $1.3 trillion processed in 2018 alone, the dollar value of all Bitcoin transactions has effectively outstripped online payment […]

Maintaining its positive, yet careful, stance on cryptocurrencies, the Russian Ministry of Internal Affairs is considering making all unauthorized cryptocurrencies a criminally-liable offense, according to local outlet Izvestia. Russia Seeks Crypto-Criminals The Russian publication collected several documents about the local legislation on cryptocurrencies. Of these, the primary amendment calls for legalizing open-source cryptocurrencies, such as Bitcoin […]

Bank of America, the second-largest U.S. bank by total assets, has filed a patent with the U.S. Patent and Trademark Office, which was published Aug. 23. The development is comparable to patents awarded to, or applied by, several multinational corporations, such as IBM, Wells Fargo and Intuit. BoA’s Push into Crypto Filed last April, the […]

As a growing number of cryptocurrency and blockchain innovations filter into the U.S., the Litecoin Foundation has announced its first annual summit, taking place Sept. 14-15 at the South San Francisco Conference Center. Litecoin Heads to San Francisco The concept of cryptocurrency is a growing field of interest, which Litecoin (LTC) aims to take advantage […]

In the early ’90s, an intangible place called the internet offered a host of entertainment opportunities for then-unidentified segmented audiences. A matrix of ones and zeroes dripping through wires suggested an unknown possibility. However, one industry had a more controversial advantage over email and faxed documents: pornography. A Match Made in Crypto Heaven? Like it […]

With emerging regulations and rising client demand, major financial firms continue to explore digital asset investments. In July, Big Four accounting firm Ernst & Young acquired cryptocurrency investment software from startup Elevated Consciousness Inc. EY Enters Cryptocurrency Sector Major accounting and advisory firm Ernst & Young (EY) has acquired cryptocurrency investment management software from Silicon […]

While 2017 was a year of exorbitant gains and lavish dreams, 2018 has crashed the reality of cryptocurrency enthusiasts back to Earth. Many of the incredible gains seen in 2017 have been entirely wiped out, and those who bought at or near all-time-highs (ATH) are deep in the red. To help illustrate those losses, OnChainFX […]

Bitcoin’s rise to prominence has been warped by environmentalists concerned about the protocol’s excessive energy requirements.

After four years, Mt. Gox creditors are beginning to file claims to recover their lost funds. On Aug. 23, Mt. Gox trustee Nobuaki Kobayashi released an online submission process for creditors to prove their claims. Mt. Gox Civil Rehabilitation Initiates Hacked cryptocurrency exchange Mt. Gox has begun accepting claims for creditors to request lost funds, according […]

North Korea’s notorious cyber-hacking outfit, “Lazarus Group,” has reportedly deployed a MacOS-based malware to infiltrate cryptocurrency exchanges and applications, according to Kaspersky Labs. North Korean Attackers Strike To date, Lazarus remains an unknown entity, with no information on the number of individuals identifying with the outfit. Lazarus first made waves in 2009 after launching a […]