Iran to Legalize the Import of Mining Equipment
Just two weeks after Iranian authorities announced a decision to recognize cryptocurrency mining as an economic activity, the government in Tehran is preparing to officially endorse the import of hardware equipment used to mint digital coins. The move is aimed at supporting the new industry in times when the country’s economy is under heavy pressure […]
Binance and Kraken May Be Operating Unlawfully in New York
New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the New York […]
Robinhood App Accused of Selling Out Younger Investors
Journalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, “it seems that today’s Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, […]
Cryptojacking Scripts Found on Indian Government Sites
Official government websites in India ran crypto mining scripts without their owners’ knowledge, the Economic Times reported Monday. Municipal government websites in the state of Andhra Pradesh, among others, were infected by cryptomining software such as Coinhive, security researchers found. Users visiting these websites would then inadvertently mine cryptocurrencies on behalf of the hackers who injected […]
Blockchain Will Be “Meaningless” Unless It Helps Build Greener Future
Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can help evolve society in a “greener and more inclusive” direction. His remarks came as part of a keynote delivered at the World Artificial Intelligence Conference in China September 17, as local outlet […]
China’s Crackdown Insufficient to Enforce Crypto-ban
The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they […]
BTC/USD Upside Held Near $6500
Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the […]
Two-Thirds of Cryptocurrency Investors Want to be Paid in Bitcoin
The survey of 445 crypto enthusiasts found that while 66% of respondents are willing to receive wages in cryptocurrencies, only 30% believe that companies in their country will change to paying salaries in digital assets, with U.S. respondents being particularly skeptical on that front. Even more, approximately 83% of all respondents, were also willing to […]
Bitcoin Price Looks North After Passing $6.4K Resistance
Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense […]
66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat
Companies and projects wishing to attract the best and brightest young talent need to offer bitcoin salaries. A recent survey of cryptocurrency enthusiasts found that 66% of the community would prefer to receive their wages with these new assets than fiat. Human resources startup Chronobank has surveyed 445 cryptocurrency enthusiasts from all over the world […]
India Crypto Exchanges: Supreme Court Hearing to be Inconsequential
While expectations and fears are mounting on an imminent Supreme Court decision about the regulator’s ban concerning cryptocurrency trade in India, the big day may not exactly be a defining one for the future of bitcoin in the country. Other questions and bypass-routes will snowball (or hairball) no matter which way the ruling swings. Crypto […]
Bitcoin Price Stabilizes at $6,400
From August 8 to August 26, for more than three weeks, Bitcoin had been relatively stable in the $6,500 to $7,000 region, demonstrating small volatility. However, from August 27 to early September, as Bitcoin started to see some major movements on the upside, the cryptocurrency market began to demonstrate extreme volatility. As seen on September […]
Ripple’s General Counsel Exits Startup, Spokesperson Says
Ripple general counsel Brynly Llyr has exited the blockchain payments startup, a spokesperson told on Friday. Llyr joined the company in 2016 as its top legal officer, remaining a part of the team for two and half years. While no reason was provided for her departure, a Ripple spokesperson told CoinDesk that her leaving was […]
Why Bitcoin Dropped by Over 10%
Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion. Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a […]
New York Man Pleads Guilty to $1.8 Million Ether Robbery
A New York man has pleaded guilty to kidnapping and robbery charges in connection with the theft of $1.8 million worth of ether. Manhattan District Attorney Cyrus Vance said in a statement published on Wednesday that Louis Meza, who was accused of kidnapping an unnamed individual in New York last year and stealing their ether […]
Turkish Exchange Develops Blockchain-Based Customer Database
Turkey’s Borsa Istanbul Stock Exchange (BIST) has developed a blockchain-powered customer database, Daily Sabah reported September 6. Founded in 2013, BIST is the result of the merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Turkish Derivatives Exchange (TurkDex). Per the exchange’s annual report for 2017, it has 399 listed companies, a […]
Litecoin Price Nears $70
Litecoin’s (LTC) price hit a one-month high on Monday amid a broader bullish tone in the cryptocurrency market. The world’s seventh largest cryptocurrency by market capitalization reached $68.59 at 12:10:00 UTC – its highest price since August 7th, Litecoin Price Index – and was last seen trading at $68.18, up roughly 4.2 percent on the […]
Where is Bitcoin Going Next?
Since early August, Bitcoin has shown a level of stability it hasn’t seen since early 2017. Throughout this week, bitcoin price has remained above the $7,200 mark. Since Sunday, the cryptocurrency market has not seen any major movement to both the upside and downside, possibly due to the lack of momentum and volume in Bitcoin, […]
