Monthly Archives: May 2018

Crypto Wallets, Explained

This guide explores how to create a cryptocurrency wallet, the features you should look for, and how to protect the assets inside. What is a crypto wallet? A crypto wallet is a piece of software that enables you to send and receive cryptocurrencies, such as Bitcoin. They can be used to store multiple tokens and coins at once – however, most wallets will only support a limited number of cryptocurrencies. Wallets are used to store something known as private keys: long hexadecimal codes known only to you […]

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PR: BitBoost’s Blockchain Marketplace Goes Live in June

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The pioneering Ethereum-based e-commerce solution is looking for Sellers and Ambassadors to kickstart its new platform. BitBoost will launch its decentralised marketplace in June. The project, which is built using Ethereum’s smart contracts, will enable buyers and sellers to connect directly – […]

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China Gov’t Will Publish Cryptocurrency Analysis Amid ‘Lack Of Independent Ratings’

China’s Ministry of Industry and Information Technology will publish analysis of cryptocurrencies to address what it says is a “lack of independent assessments.” The Chinese government announced it will publish a monthly “independent analysis” of cryptocurrencies and blockchain projects at a Beijing conference May 11. According to two press releases accompanying the announcement, the Chinese Ministry of Industry and Information Technology’s department China Electronic Information Industry Development (CCID) will analyze 28 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Monero, NEO, QTUM, Ripple, and Zcash, to name a few. The […]

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Robinhood App Valued at $5.6 Billion – Now Available in 10 US States

Trading app Robinhood which started offering bitcoin and ether trading in February has attained a valuation of $5.6 billion after raising $363 million, the company has confirmed. The app is now available in 10 U.S. states. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $5.6 Billion Valuation Robinhood started out about three years ago as a simple stock trading smartphone app with no transaction fees. The company is now valued at $5.6 billion following a new financing round announced on Thursday. Robinhood confirmed that it has […]

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Bitcoin Loses $9K Support As Markets React To S. Korea Investigation, Mt.Gox Sell-Off

New scrutiny of South Korea’s largest crypto exchange helped fuel a sell-off across markets Friday. Bitcoin prices fell to three-week lows of around $8,540 on May 11, as markets reacted to a flash investigation of South Korean exchange Upbit and a fresh Mt.Gox funds liquidation. Data from Cointelegraph’s price tracker and Coin360 shows BTC/USD dipping sharply over the past 24 hours, with major altcoin assets posting considerably higher losses of up to 18 percent. Traders appeared to deliver a knee-jerk reaction to news that Upbit, Korea’s largest […]

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Bitcoin Miner Heist – From Iceland To China

600 seized computers used for Bitcoin mining in China could well be the same 600 stolen from Iceland three months ago. Given the surge in popularity of cryptocurrencies over the past few years, mining has become a seriously lucrative endeavor. All over the world miners have set up operations, big and small, as they look to capitalize on dwindling Bitcoin rewards from processing transactions and validating the blockchain. With plenty at stake, the costs of setting up even a small operation can be hefty, from the actual […]

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Large Streaming Platform For Gamers Develops Its Own Blockchain For Unlimited Bandwidth

sponsored A streaming company says its new blockchain will let viewers, streamers, and eSports tournament organizers participate in monetization schemes. Spectators can create their own content and earn rewards. Play2Live, a streaming platform for gamers and eSports fans, announced that it is developing its own blockchain infrastructure called Level Up Chain, as the startup team reported to Cointelegraph. Founded in 2017, Play2Live aims to merge blockchain technology with streaming services. The company plans to launch the Level Up Chain Testnet in July 2018. According to the company’s […]

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Bacardi Rum Heiress Invests $100 Mln In Blockchain Entertainment Platform

Lady Bacardi, the rum empire heiress, has invested $100 Mln in TaTaTu, a blockchain-powered tokenized social entertainment platform. Lady Monika Bacardi of the Bacardi rum empire has made an investment valued at $100 mln in a blockchain-powered social entertainment platform, according to an announcement from the company shared with Cointelegraph today, May 11. Lady Bacardi is quoted by the company as saying that the platform, dubbed TaTaTu, “reinforces [her] bullish stance on the promise of blockchain technology and cryptocurrency.” TaTaTu proposes to incentivize viewers using their platform […]

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S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React

Upbit, the leading South Korean crypto exchange, is being investigated by local police and ten investigators for alleged fraud. Upbit, South Korea’s largest cryptocurrency exchange, is being investigated by local police and ten investigators for alleged fraud, local news outlet Chosun reports today, May 11. Upbit is a crypto-only exchange run by a subsidiary of Korean tech giant Kakao, and currently the fourth largest crypto exchange globally by 24-hour trade volume. Chosun reports that police believe the exchange has faked its balance sheets and deceived investors. South […]

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South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud

The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud, according to local media. While maintaining that customers’ assets are still kept securely, the exchange posted the following statement on its website: Upbit is currently under investigation by the prosecution, and we […]

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