Coinbase is Registering 50,000 New Users per Day
Brian Armstrong, CEO of the cryptocurrency platform giant Coinbase, claimed in an interview with Bloomberg that around 50,000 new users continue to register for its services every day — despite recent year-to-date lows. Coinbase CEO Brian Armstrong sat down with Bloomberg yesterday to discuss the future of cryptocurrency at the Bloomberg Players Technology Summit held […]
Cryptocurrency Scammers Stole $2.3 Million in Q2
Cybercriminals earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018, according to a new report from Kaspersky Lab. In its Spam and Phishing in Q2 2018 report, the company reported that it had prevented almost 60,000 attempts by users from visiting fraudulent web pages featuring popular cryptocurrency wallets and exchanges […]
Bitcoin Trading is ‘Illegal in Saudi Arabia’
A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of ‘unauthorized’ cryptocurrencies like bitcoin is illegal in the country. In a statement published by the Saudi Arabian Monetary Authority (SAMA) – the sovereign Arab state’s deface central bank – on Sunday, a governmental committee declared […]
Audit Giant Intuit Gains Patent for Bitcoin Transactions Using Text Messages
Audit Giant Intuit has been granted a patent that describes a method whereby Bitcoin payments can be processed by using text messages. The patent was filed to the U.S. Patent Office on June 13, 2014. The application explained a system that would allow two users to complete their payments using their mobile phones. It would […]
Keep Your Hands Off Cryptocurrency, Economist Tells World Governments
Prominent economist and editorial director of the American Institute for Economic Research (AEIR), Jeffrey Tucker, has urged governments and central banks around the world to let go of the idea of creating state-backed cryptocurrencies and instead focus on the soundness of the fiat system and the banking system. “Leave Crypto Alone” In an editorial published […]
Criminal Activities Account for Just 10 Percent of Bitcoin Transactions
Cryptocurrency enthusiasts have long argued that it’s unfair to characterize bitcoin as a haven for drug dealers and money launderers. Now, they have data from the U.S. Drug Enforcement Agency (DEA) to back up that claim. Speaking in an interview with Bloomberg, DEA special agent Lilita Infante said that criminal activity accounts for approximately 10 […]
