Month: February 2018

The first law of Thermodynamics states “Energy is neither created nor destroyed. It simply transforms itself from one form to another.” No where is this law better applied than in the case of 4NEW, the world’s first waste to energy power plant entirely integrated on the blockchain. When interviewing for this story with the founder, Mr. Varun Datta, the elegant architecture of the 4NEW vision became crystal clear. Most companies tend to take a two dimensional view at solving a problem. For example, if there are energy inefficiencies within the…

Read More

The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from the U.S. Senate. Throw in the obligatory multi-million dollar hack, and you’ve got all the makings of another seismic week in bitcoin. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License The Rumor…

Read More

Reports of mining malware infestations are an almost weekly occurrence now. With cryptocurrency mining becoming more lucrative than ransomware, hackers are upping their game and widening the digital net. Those caught in it this week included a number of government websites in the UK and Australia. In what has been newly termed as ‘cryptojacking,’ the Guardian reported that thousands of websites had been infected over the weekend. Those that visited the compromised websites would have their computer hardware hijacked in order to mine Monero for the perpetrators. Multiple Victims According…

Read More

Bitcoin, Ethereum, Litecoin and all the other cryptocurrencies are great for online payments simply because of their sophisticated use of the Blockchain to facilitate easy transactions. Their transparency is currently unmatched by any fiat equivalent. But can we really bank on them for day to day transfers considering their high volatility? The fact that these currencies are not pegged to any economy worries many. Here’s where Tether comes in – a project that makes fiat currencies easy to trade by converting them to crypto-coins. Tether is an unregulated cryptocurrency issued…

Read More

The state of New Jersey’s Bureau of Securities and the Attorney General has issued a cease and desist order to a digital currency investment fund called ‘Bitstrade’ this week. According to the state’s Attorney General’s office, the cryptocurrency-focused firm was “fraudulently” managing and selling securities. Also read: U.S. Lawmaker Wants Ethics Committee to Form Bitcoin Disclosure Guidelines New Jersey Officials Stop a Cryptocurrency Investment Firm from Operating In the State   New Jersey lawmakers have sent a cease and desist letter to a firm called Bitstrade which claims to be a registered…

Read More

A race to tokenize the bitcoin cash (BCH) cryptocurrency has just been triggered. Developers can now earn a whopping £5 million by bringing this advanced functionality to the cryptocurrency ecosystem, which means we might soon see smart contracts implemented with BCH. Tokenization can bring everything from land deeds to ICO coins onto the BCH network. Also Read: Roboforex Adds Bitcoin Cash and Three Other Cryptocurrency CFDs for Trading Bitcoin Cash Tokenization Coingeek, the cryptocurrency company led by the billionaire entrepreneur Calvin Ayre, has launched a bitcoin cash tokenization contest offering £5 million…

Read More

The reigning kingpin of cybercrime marketplace Infraud was reportedly arrested in Thailand, after which law enforcement officers seized over 100,000 Bitcoins — currently worth roughly $822 million. Infraud on the Run Sergey Medvedev, 31, was reportedly arrested by heavily armed police officers in Thailand on Feb. 2.  Medvedev is the co-founder of Infraud, an online marketplace for criminal buyers and sellers interested in stolen identities, stolen credit card information, credit card skimming devices, ATM compromisers, narcotics, weapons, protected animals, illegally obtained government documents, and other illegal wares. The group’s motto…

Read More

Japanese entertainment giant DMM has launched its “large-scale Japan-quality” mining farm, with a plan to deploy more farms overseas. DMM is also launching a showroom, allowing the public to tour its mining farm, as well as a mining pool. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies DMM’s Mining Farm in Japan DMM Inc, the operator of popular e-commerce site DMM.com with 27 million members, announced on Friday the launch of its mining farm in Kanazawa City, Ishikawa Prefecture, Japan. The company stated: DMM operates large-scale ‘Japan-quality’ mining farms…

Read More