Monthly Archives: June 2018

Crypto Exchange Bithumb Reduces Hack Loss Estimation From $31 Mln to $17 Mln

Bithumb has reported that only $17 million was stolen in this month’s hack, instead of the $31 million previously reported. Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28. Bithumb first reported the hack on June 20, temporarily suspending all deposits and withdrawals. The South Korean Ministry of Science and Technology has since launched a probe into […]

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Almost 9 out of 10 Crypto Execs Want ‘Formalized’ Industry Self-Regulation: Research

A new survey of cryptocurrency figures has revealed a strong desire to see the industry self-regulate. Eighty-six percent of cryptocurrency firms’ executives and investors want the industry to self-regulate, new research published this week reveals. Part of the 2018 Cryptocurrency Survey by international law firm Foley & Lardner LLP, the majority of respondents also tipped Bitcoin to become the cryptocurrency of choice for transactions in the long term. The firm questioned a total of 62 figures in March and April this year. “We’d rather be leading the […]

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EOS Constitution Overhaul Suggested

eos overhaul, bitcoin most likely to gain mass adoption survey, pornhub aquires more cryptocurrencies for payments, and massive darkweb sting involving bitcoin. Sign up with coinbase. buy or sell 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link to coinbase. https://www.coinbase.com/join/59ab37900671d100b3c25cc5 Want to donate to the channel? Donate Litecoin and send me an email saying how much you sent and I’ll try to thank you at the end of the next video! https://steemit.com/@mrsotko Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum donation address: […]

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Third Largest Crypto Exchange Huobi Opens London Office, Sets OTC Trading for Q3 2018

OTC trading will come to the UK and Europe via Huobi after the exchange formally launched its London office. Chinese cryptocurrency exchange Huobi confirmed the opening of its London office June 28, with over-the-counter (OTC) trading tests set to begin in Q3 this year. In a press release shared with Cointelegraph, Huobi, which claims to have a global user base of “more that five million,” continued its recent narrative that expansion into Europe was a priority, with London a deliberate choice for basing its new operations. “London […]

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Blockchain Ecosystem to Give Unbanked Access to Financial Services in Developing Countries

sponsored A new ecosystem is creating “fair and easy access” to modern financial services for millions of unbanked people in the Philippines and other developing countries. A new blockchain-based ecosystem is vowing to help 490 million unbanked and underbanked people across Southeast Asia access modern financial services. According to TraXion, only 54 percent of adults in developing countries have access to a bank account. This is even more keenly felt in the Philippines, where 80 percent of families are unbanked or underbanked. Across the country, credit cards […]

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Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders

Japanese cryptocurrency traders will be barred from LINE’s new exchange BITBOX, which has a ‘tentative’ launch date next month. Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28. In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto trading platform BITBOX “globally” excluding the U.S. and Japan. “With the need to trade cryptocurrencies rising around the world, LINE has been preparing to provide opportunities for users to do […]

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Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China

In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave of Kaliningrad. Also Read: FBI Currently Investigating 130 Crypto-Related Cases Chip Manufacturer Ebang Communications Files for IPO in Hong Kong Major mining chip manufacturer Ebang Communication has become the latest leading firm operating […]

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PR: Cryptagio Obtains Licences – Is Half Way to Becoming a Crypto Fiat Exchange

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. Tallinn, Estonia, — On its way to supporting fiat currencies, Cryptagio digital asset exchange is halfway through. The company has recently obtained licences for providing its users with a crypto-fiat exchange as well as wallet services. The first licence (authorization number FVR000169) […]

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FBI Currently Investigating 130 Crypto-Related Cases

The Federal Bureau of Investigation has reportedly revealed that it is working on 130 cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments. These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The Federal Bureau of Investigation (FBI) reportedly “has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted […]

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Associations Challenging Crypto Ads Ban to Proceed with Lawsuit

Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions. The claimants want to proceed with filing the lawsuit, despite the policy update. Also read: Study Links Social Media Posts to Bitcoin Prices Class Action Against Giants Will Be Filed The class action lawsuit against a number of international IT-corporations will be filed in court, despite […]

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