Monthly Archives: April 2018

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

The managing director of Comcast’s venture capital arm is bullish on Bitcoin and future real world applications of blockchain. Gil Beyda, managing director of the venture capital (VC) arm of Comcast, appeared on CNBC today, April 26, with a bullish outlook for Bitcoin and real world applications of blockchain technology. Comcast Ventures has already invested in blockchain startups, and four of the firm’s partners are focused on blockchain investments. Beyda emphasized that cryptocurrencies could have a significant impact on underdeveloped economies, with unbanked populations bypassing the traditional […]

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Mt. Gox Moves Around $165 Mln In BTC And BCH From Its Wallets

Now defunct Japanese exchange Mt. Gox has recently moved $144 mln in BTC and $21.7 mln in BCH from its cold wallets today. 16,000 Bitcoin (BTC) and 16,000 Bitcoin Cash (BCH) have been moved out of cold wallets associated with the infamous, now defunct Japanese Bitcoin (BTC) exchange MT. Gox today, April 26, according to Mt. Gox cold wallet tracking data on Crypto Ground. The wallets are under the control of Mt. Gox’s bankruptcy trustee, Nobuaki Kobayashi. As displayed on the cold wallet monitor, the exchange has […]

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Let’s Not Destroy Bitcoin: What’s Wrong With MIT Technology Review’s Article

MIT Technology Review published an article proposing three ways to “destroy Bitcoin”. Here’s why any of those won’t work. On April 24, the MIT Technology Review published an article with a catchy headline, titled “Let’s Destroy Bitcoin”. The Internet was quick to react: media and bloggers started to spawn news, features and videos, reacting to “MIT professors” who supposedly called upon action against the world’s biggest cryptocurrency. The reality is much more mundane. First of all, a lot of people failed to recognize that whilst Technology Review […]

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How to Protect Yourself Against DNS Attacks When Using Cryptocurrency

DNS attacks can manifest themselves in many ways, all targeted against the Domain Name System that connects the internet. At best they’re an inconvenience, knocking websites offline or preventing access, and at worst they’re costly, as this week’s $150,000 Myetherwallet hijack demonstrated. When you’re interacting in the crypto space, here are a few ways to protect yourself against DNS attacks. Also read: Myetherwallet Servers Are Hijacked in DNS Attack How DNS Attacks Work In the aftermath of Tuesday’s DNS attack, which affected a string of major websites and […]

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Aims And Goals Of Japan’s New Self-Regulatory Cryptocurrency Exchange Association

Japan’s new self-regulatory body’s first task is to bring in the unregistered exchanges, and dispel anxiety around cryptocurrencies in Japan Regulation in Japan has taken a long and winding route – the Asian country was the first to recognize Bitcoin as a form of legal tender, but it is also the country where the two biggest hacks in the history of this ecosystem happened; Mt. Gox & Coincheck. The latter hack, which saw thieves make off with $530 mln in NEM, prompted Japanese regulators to step in […]

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17 Mln Of Total 21 Mln Bitcoins Now Mined In Milestone For Digital Scarcity

17 mln Bitcoin have now been mined, leaving only 19% to go before the supply cap of 21 mln is reached. In a round million milestone, 17 mln bitcoins (BTC) have now been mined as of today, April 26, according to data from statoshi.info. Because of Bitcoin’s supply cap of 21 mln, this means that only 4 mln Bitcoin, or about 19 percent, remain to be mined. The last time the number of Bitcoin mined hit a round million mark was in late November, 2016. Bitcoin’s code […]

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Qompass: Blockchain for Financial Markets Applications and Services

The First Platform to Offer 100:1 Leverage Qompas is truly passionate about all things crypto and the Qompas platform aims to be a crypto exchange like no other, that will offer a wide variety of crypto trading-related services. The biggest stand out feature of Qompas is that they have made use of artificial intelligence and neural systems to allow their users a leverage that is boosted by 100 times. This allows for some major earning potential. With trading happening in high volumes (as is expected from the […]

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Blockchain-based Ad Service Revolution: Crypto Answer to Social Media Bans

Blockchain-based advertising projects could revolutionize digital advertising practices. Widespread bans of initial coin offering (ICO) and cryptocurrency adverts on major social media platforms and search engines could provide the opportunity for a Blockchain-based advertising service revolution. In June 2018, Google’s ad service will stop serving any advertising content relating to cryptocurrencies or ICOs. The move has massive ramifications in that all cryptocurrency businesses will be denied access to the biggest advertising platform in the world. Similar bans from Facebook, Twitter and a number of other mainstream social […]

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New Party in Ukraine to Fund Itself Only with Cryptos

A newly formed party in Ukraine has vowed to rely only on cryptocurrency contributions to sustain its activity and never to accept money from the oligarchs. Weakening state control over economy and expanding civil liberties are among its main political priorities. The party wants to protect the interests of people and companies from the IT sector, as well those of small and medium-sized Ukrainian businesses in other industries. Also read: Ukraine to Compensate a Citizen in Bitcoin – for “Moral Damages” Serious Ideas, Funny Faces Several prominent […]

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Banking App Revolut Becomes Tech ‘Unicorn’ Valued At $1.7 Bln After Latest Funding Round

Revolut raises $250 mln in latest fundraising round, led by Hong-Kong based VC firm DST Global – startup now valued at $1.7 bln U.K.-based alternative banking app Revolut reported today, April 26, that they have raised $250 mln in a Series C investment round, giving them an overall $1.7 bln valuation and thus making them a “unicorn” – a startup with over a $1 bln valuation. In December of last year, the Revolut app added an option to transact in crypto, supporting Bitcoin (BTC), Litecoin (LTC), and […]

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