Category: Uncategorized

A U.S. state has issued a cease and desist order to a company purportedly engaged in cryptocurrency mining. This order follows a temporary cease and desist order to the company two months ago which it did not respond to. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cease and Desist Order The U.S. State of North Carolina issued a cease and desist order to Power Mining Pool (PMP) last week. After some investigation, the state’s Securities Division declared: The Securities Division found that PMP is violating the Securities Act…

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Searching for someone to convince you that Bitcoin is junk? Look no further than the former CEO of Paypal. ‘Everyone is drinking the Kool-Aid’ Paypal’s former CEO, Bill Harris, remains as bearish as ever on Bitcoin, the gold-standard to digital currencies, telling CNBC‘s “Fast Money:” Everyone is drinking the Kool-Aid. I absolutely believe that money should be digital, is becoming more digital, and will be completely digital but it doesn’t mean we need a new currency to record that. Harris continued to claim that there is no connection between bitcoin’s…

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Cryptocurrencies are seeing some relief during today’s trading sessions just before the weekend, as the top ten digital assets are currently up 3-11 percent. Most of the losses that took place two days ago have been erased as the total market capitalization of all digital currencies now tops $420Bn USD. Also read: Court Orders Chilean Banks to Re-Open Crypto Exchange Accounts  Cryptocurrencies Rebound Erasing Most of the Week’s Losses Digital currencies are showing bullish momentum today as the losses 48-hours ago seemed to be a ‘bear trap.’ BTC/USD markets reached a…

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Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck It has been roughly three months since one of the largest cryptocurrency exchanges in Japan was hacked for 58 billion yen (~US$530 million) worth of the cryptocurrency NEM. Coincheck is now a subsidiary of a…

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A “community movement” that has grown to over 600 individuals in just two days is pursuing legal action against Bitcoin.com and its owner, Roger Ver, for deliberately misleading new users into buying Bitcoin Cash (BCH) instead of Bitcoin (BTC). Is Bitcoin.com Tricking People into Buying Bitcoin Cash? Bitcoin.com is undoubtedly a prized domain in the Bitcoin space. It’s likely that anyone interested in finding out about the world’s first, and most valuable, cryptocurrency will instinctively type it into their browser or immediately see it as a top result in a…

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Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a cryptocurrency exchange after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Court Rules in Favor of Crypto Exchange Chile’s Court for the Defense of Free Competition (TDLC – Tribunal de Defensa de la Libre Competencia) has ordered Banco del Estado…

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Haven’t dipped your toes in Bitcoin’s waters, yet? Well, according to one market analyst, now’s the time to take the plunge. ‘Screaming Buy’ In an interview with Bloomberg Television on Thursday, Pantera Capital Management’s CEO Dan Morehead made some seriously bullish comments in regards to Bitcoin — claiming the gold standard of digital assets “is a screaming buy right now.” Morehead, whose cryptocurrency hedge fund is worth $1 billion, noted that roughly 10 percent of its investments are in Bitcoin. However, the firm’s single largest investment is in Icon (ICX),…

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This week cryptocurrency miners had processed the 17 million coins across both Bitcoin (BCH) and Bitcoin Core (BTC) networks, marking a great milestone within the history of blockchain technology. Now there are only 4Mn BCH and BTC left to mine but it’s still a very long time away until the very last coins are mined. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 80.9% of All Bitcoins Have Been Mined   According to blockchain data, today both BTC and BCH miners mined the 17 millionth coin per network,…

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Last time, analysts blamed Mt. Gox and its bankruptcy trustee for pushing hordes of bitcoin onto an already fragile market, crushing its price. Keen monitors of the notorious insolvent exchange’s wallets showed how 16,000 BTC, along with its equivalent in bitcoin cash, were moved, sparking concern the broader market could once again be impacted. Also read: Philippines Welcomes Crypto Economic Zone Market Steadies for Another Possible Mt. Gox Bitcoin Dump By any metric, 16,000 is a lot. At current bitcoin cash (BCH) prices, that translates to almost $21 million. In bitcoin…

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In today’s Bitcoin in Brief we’re covering disappointing news for the crypto community: the World Satoshi Summit in Delhi has been canceled because of “regulatory issues” according to its organizers. Also, an alleged crypto pump and dump scheme has been exposed. There is more than one opinion on the case, as you’ll see below. Also read: Bitcoin in Brief Thursday: Big Money Wears Big Horns, Claws Are In the Closet World Satoshi Summit Canceled A major crypto conference, scheduled to be held in Delhi in May, has been canceled. “Due…

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