Accelerator to Train 1000 Staff in Blockchain Over 2 Years
U.K.-based multinational professional services network PricewaterhouseCoopers (PwC) will bolster its employees’ blockchain knowledge through a dedicated program next year, Digiday reported Thursday, August 30. Part of a coordinated push to enhance digital awareness, the company will put 1000 staff through its Digital Accelerators program, which will run for two years from January. Participants will forego a portion of their […]
Apple Abruptly Orders Coinbase Wallet to Remove Crypto Collectible
It seems iPhone users won’t have access to the crypto collectible craze anytime soon. The news comes after forthcoming video game War Riders was featured on the Coinbase Wallet iOS app and then quickly withdrawn. In War Riders, players drive around an apocalyptic wasteland, building up armies of vehicles – vehicles represented by non-fungible tokens, or NFTs, on […]
Venezuela Shatters Bitcoin Trading
Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. Data from Coin Dance, which tracks volumes on P2P platform Localbitcoins, confirms that the seven days ending August 25 saw BTC/VES achieve volumes never seen before. The results come the same week Venezuela […]
OECD to Examine the Potential Impact of Blockchain Next Month
The Organization for Economic Co-operation and Development (OECD) announced Wednesday that it plans to host an international conference on blockchain technology next month. Specifically, the conference will examine blockchain’s impact on government activities, and will feature OECD Secretary-General Angel Gurría, the prime ministers of Serbia, Bermuda and the Republic of Mauritius and the State Secretary […]
42% of Top 50 Universities Offer at Least One Crypto-Related Class
A recent study by the U.S. crypto exchange Coinbase has shown that 42 percent of the world’s top 50 universities have at least one class on cryptocurrencies or blockchain. The results of the study were published on Coinbase’s official blog Tuesday, August 28. The research was jointly conducted by Coinbase and survey company Qriously. Together they interviewed 675 U.S. college students and reviewed courses […]
Brazilian Crypto Investment Platform Atlas Hacked
Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail […]
Singapore Stock Exchange Turns to Blockchain for Rapid Settlements
Singapore’s primary stock exchange has announced a working partnership with the country’s central bank to develop a blockchain platform for securities’ settlements. In an announcement on Friday, the Singapore Exchange (SGX) revealed details of a new working partnership with the Monetary Authority of Singapore (MAS) – the country’s central bank – to enhance Singapore’s Delivery […]
U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator […]
Chinese Government Continues Cryptocurrency Suppression
China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets amongst the country’s people. According to the South China Morning Post, more than 120 foreign cryptocurrency exchanges have been blocked recently by the Chinese government. […]
Ernst & Young Have Acquired Cryptocurrency Software
Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies. The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing […]
Crypto Startups Are Destroying Millions of Coins
It might not make sense in conventional business, but don’t tell that to crypto entrepreneurs. Indeed, for some projects, economist Joseph Schumpeter’s notion of “creative destruction” is taking on a literal meaning in that they’re actively destroying their own money supply – and generating value for investors in the process. It’s turning out to be […]
GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple […]
Drug Dealer Busted for Smuggling LSD from the Dark Web with Bitcoin
Indian police in the south Indian city of Chennai (formerly Madras) have busted a drug dealer who allegedly procured synthetic drugs from the dark web before smuggling them into the country. During the bust, police seized LSD and ecstasy from 32-year-old Nikhil Tiwari who authorities believe is part of a wider network that acquires drugs […]
Japan’s Financial Regulator Wants Crypto Industry to ‘Grow Under Appropriate Regulation’
The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) said that the agency wants the cryptocurrency industry to “grow under appropriate regulation,” in an interview with Reuters August 22. Toshihide Endo, commissioner of Japan’s FSA, told Reuters he sees the agency’s goal for developing the crypto industry as finding a “balance” between consumer […]
UEFA Distributes Tickets for Madrid Derby on a Blockchain
The Union of European Football Associations (UEFA) has announced the successful trial of a blockchain ticketing system for last week’s Super Cup match between Real Madrid and Atlético Madrid. In a post on its website, European football’s governing body stated that a blockchain-based Android and iOs app was used to deliver tickets to mobile phones […]
Crypto Self-Regulatory Organization, 100 BTC Whistleblower Reward
In today’s edition of Bitcoin in Brief we cover a couple of stories that show how the cryptocurrency industry is trying to police itself. One group of companies has begun working on the formation of a self-regulatory organization and another has created a 100 BTC whistleblower reward pool. A number of companies have jointly formed […]
Bitcoin’s Price May Be Charting a Previous Bull Pattern
History often has a way of repeating itself. The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on Apr. 1, signaling […]
Threats Fly As Fight Over $200 Million Siacoin’s Crypto Code Intensifies
An effort to keep the $200 million siacoin blockchain free from corporate interests is devolving into chaos amid accusations against the companies at the center of the effort. At issue is the conduct of the protocol’s coders, and the motivations behind their push to alter the rules of the blockchain they maintain. With a proposal, […]
