Month: December 2018

Over the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($52.4M) in December, surpassing every other month this year. Also Read: The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices After Ethereum’s Price Dropped 84%, ICO Treasury Withdrawals Increased One of the biggest stories of 2017 was how initial coin offerings (ICOs) raised…

It’s been almost a decade since the inception of Bitcoin, a technology created by the infamous and anonymous Satoshi Nakamoto. Over the years, many people have been hunting for Bitcoin’s inventor and Satoshi sightings have increased a great deal since 2016. During the course of 2018 there were numerous so-called Satoshi sightings and a couple of individuals who claimed to be the mysterious creator himself. Also Read: New Information Heightens Satoshi Nakamoto Mystery Satoshis Everywhere 2018 was a crazy year for cryptocurrency enthusiasts and a prolific one for all the loons who…

A man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3.25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations. Also Read: The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin Taiwanese Miner Steals More Than $3 Million Worth of Power According to local reports, a Taiwanese man has been taken into custody for allegedly more than $3 million worth of electric power…

Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27. Also read: Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30M Sorry But I’m Not Guilty, Says Karpeles Mark Karpeles Karpeles is facing charges of transferring $3 million of client funds to his own account for investment in…

According to Chinese state media, the Shanghai and Shenzhen stock exchanges have carried out investigations into 30 percent of companies listed on their exchanges that are performing operations pertaining to distributed ledger technology (DLT). Of the companies investigated, less than half were able to demonstrate applications for blockchain technology. Also Read: Chatter Report: Vitalik Doesn’t Believe in Proof of Work, Chris Pacia Discusses Big Blocks Listed Blockchain Companies Undergo Questioning From Shanghai and Shenzhen Stock Exchanges The recent speculative frenzy surrounding cryptocurrencies has led to a number of businesses seeking to…