News

On July 3rd, 2018, CipherTrace reported that the first half of 2018, had three times the amount of cryptocurrency exchange theft than all of 2017.

The Maltese Parliament has passed a series of pro-blockchain bills into law, heralding the launch of a new concrete legal framework for blockchain industry within the island nation.

In February 2018, poet and former Icelandic presidential candidate, Andri Snær Magnason, took to Twitter to decry the immense energy consumption of Bitcoin miners. At the time, Vice reported the country was in danger of an energy shortage because of the expansive work of crypto miners. Magnason’s comments echoed the sentiments of others in Iceland, describing […]

The US Internal Revenue Service has launched an international joint task force focusing on cryptocurrencies in order to investigate crypto-related tax evasion and money laundering. Announced on Monday, the Joint Chiefs of Global Tax Enforcement (J5) will see tax enforcement agencies form the US, UK, Australia, Canada, and the Netherlands in join forces in order […]

Bitcoin has experienced a lengthy period of stagnation subsequent to the late 2017 all-time high of $20,000, with the most valuable cryptocurrency failing to challenge the $10,000 mark the first half of 2018. ADVFN CEO Clem Chambers, however, believes that Bitcoin is destined to climb beyond the dizzying $20,000 heights of the 2017 bull run, […]

After announcing the election of a new consensus node, NEO has rejoined the top-10 cryptocurrencies by market capitalization. Until now, all nodes have been operated by the project’s team. NEO entered the era of decentralization!https://t.co/JOA7UibNnU — NEO Smart Economy (@NEO_Blockchain) July 4, 2018 The July 4th announcement appeared to bode well for bulls, who purchased […]

Emerging cryptocurrency regulations are shaping the landscape for ICOs and other blockchain businesses. Ripple (XRP) is now facing its third class-action lawsuit for securities fraud. Allegations of Ripple Price Manipulation On June 27, Ripple Labs Inc. and CEO Brad Garlinghouse received signed court documents by the California Superior Court on allegations of illegally profiting from price […]

MyCrypto, one of the most popular Ethereum and ERC20 token wallets created by the co-creator of MyEtherWallet, heavily criticized Chinese cryptocurrency exchange FCoin for congesting the Ethereum blockchain network with insignificant transactions. Condemnation of FCoin’s Absurd Business Model FCoin, a cryptocurrency exchange created by former Huobi CEO, debuted in early 2018 with an unusual business […]

On June 27th, 2018, the Philippine government announced they will license up to 25 cryptocurrency exchanges for operation in a special economic zone. In their statement, the administrative body of Cagayan Economic Zone Authority (CEZA) announced the initial authorization for each of the 25 exchanges to employ up to 30 traders or brokers. The exchanges will operate in […]

On July 3, Binance noticed irregular trading activity of Syscoin (SYS) – trading bot activity spiked and 1 SYS (~$0.22 USD at the time) sold for 96 BTC (~$600K USD). Immediately afterward, Syscoin notified exchanges to halt trading while it performed an investigation. https://twitter.com/syscoin/status/1014255355545649152 After the abnormal trading activity was spotted, Binance announced it would undergo system maintenance, […]