Month: February 2018

Hacker Returns 20,000 ETH to Coindash

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Coindash has announced that 20,000 ETH have been sent to the company’s wallet from the address associated with the hacker that stole approximately 37,000 ETH during the company’s ICO last year. The transaction constitutes the second instance in which the hacker has returned funds to Coindash. Also Read:Japanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges  Coindash Receives 20,000 ETH From Wallet Associated With Hacking Culprit On February 23rd, Coindash announced via its blog that 20,000 ETH had been transferred to the company’s wallet at 12:01:41 AM +UTC.…

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Coinbase Compelled by IRS to Provide 13,000 Customers’ Information

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Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax.    Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS Notice “Received notice from Coinbase today,” Tweeted Andreas Antonopoulos, “that my account is one of the 13,000 that they will have to turn over to the IRS under the court order. Not surprised, I knew I would be in…

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Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

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It’s no secret that Bitcoin mining was a profitable business venture last year — but just how profitable was it? First to the Gold Rush 2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In addition to operating several of the world’s largest Bitcoin mining pools, Bitmain manufactures ASIC chips and the mining hardware that uses those chips. All total, the company raked in somewhere between $3 and $4 billion in profits last year, according to estimates made by…

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Thai Bank Terminates Account of Local Cryptocurrency Exchange

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A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from five cryptocurrency-related activities. Meanwhile, the Thai government is actively working on providing a legal framework for cryptocurrencies. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bank Halting Crypto Transactions One of Thailand’s largest banks, Bangkok Bank, has “become the first domestic financial institution to halt transactions involving trading of cryptocurrencies,” the Bangkok Post reported. The bank suspended transactions of the Thai…

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PR: Jason Butcher Joins Advisory Board of Xinfin, the Singapore Based Fastest Growing Blockchain Technology Company

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. XINFIN, a Blockchain Technology firm for global trade and finance, announced today the appointment of Jason Butcher to its advisory board. Jason Butcher is a renowned name in the field of blockchain technology, serving as the COO of CoinPayments and a bunch of related businesses.…

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Swiss Stock Exchange Chairman: E-Franc ‘Would be Good for the Economy’

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As various countries around the world consider launching a state-issued cryptocurrency of their own, Switzerland gets on board with the idea — in an effort to maintain its status as the crypto capital of the world. ‘It Would Be Good for the Economy’ According to reports, Swiss stock exchange chairman Romeo Lacher has strongly suggested the country issue a cryptocurrency version of its fiat currency, the Swiss franc, in an effort to boost the local economy and accelerate the disuse of cash. Lacher told the Financial Times: I believe there would…

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Venezuelan Government Opens School to Teach Citizens About Cryptocurrencies

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The Venezuelan government has opened a school in the capital city to teach its citizens how to buy, sell, and mine cryptocurrencies, including courses on the nation’s oil-backed currency, the petro. Meanwhile, President Nicolas Maduro has approved resources for universities across the country to establish mining farms. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Crypto School in Caracas The Venezuelan government has opened “a training centre to teach its citizens about cryptocurrencies” in its capital city, Caracas, Telesur TV reported on Saturday. This announcement came shortly after…

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New Plant to Assemble Mining Rigs in Belarus

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Plans to build a new manufacturing facility for mining equipment have been announced in Belarus. It will be situated in the Chinese-Belarusian Industrial Park, currently under construction in the “Velikiy Kamen” special economic zone. The plant will be assembling mining rigs with cooling systems utilizing excess heat. Also read: Two Russian Regions to Develop Large Scale Crypto Mining Incredible Demand for Everything Crypto Russian investors are behind the project to build the new plant, which will be producing equipment for cryptocurrency mining farms. The enterprise will be assembling complete mining…

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Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

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While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten TD Bank Halts Crypto Credit Card Purchases Canada’s largest bank by assets as of April of last year, Toronto-Dominion Bank (TD Bank), said on Friday that it is “halting the use of its credit cards to buy cryptocurrency as it conducts a review of the…

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Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles

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Adding “Blockchain” to the name of their firms have proved to be very beneficial to the top management of publicly listed companies over the past year. However, this tactic also attracted negative attention from regulators, and now two Nasdaq firms are facing additional troubles. Also Read: Robinhood Starts Rolling Out Cryptocurrency Trading Today Class Action Lawsuit Against Riot Blockchain Riot Blockchain, Inc. (NASDAQ:RIOT) has been hit with a class action lawsuit in the Southern District of Florida. The complaint charges the company, its officers and one of its major shareholders with…

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