Monthly Archives: August 2018

Square’s Cash App Now Supports Bitcoin Trading in All 50 States

Mobile payment company Square is expanding its bitcoin trading support to all 50 states through its Cash App. This means that residents in all corners of the U.S. can utilize the platform to purchase and sell the digital currency. The company was co-founded in 2009 by tech entrepreneur Jack Dorsey, who also heads Twitter. Last March, Dorsey was quoted as saying that bitcoin will likely serve as the world’s “single currency” in roughly 10 years. Square’s announcement is particularly intriguing in that most bitcoin- or crypto-trading apps […]

More info Meet the Freelancer’s Marketplace Powered by Bitcoin Cash

Three days ago a new freelancer’s marketplace was launched called, a platform that allows people to purchase and sell services for only $5. The new website has seen an influx of listings since it launched and all the payments, both inbound and outbound, utilize the peer-to-peer cryptocurrency bitcoin cash. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Every Service on is Just Five Dollars in Bitcoin Cash This week a new freelancer’s marketplace has launched that allows people to list and complete a wide […]

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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds over fiat. “As of next Monday, Venezuela will have a second accounting unit based on the price and value of the petro. It will be a second accounting unit of the republic and will begin operations as a mandatory accounting […]

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Report: Over $2 Million Lost to Crypto Scams in Second Quarter of 2018

Cybersecurity and antivirus firm Kaspersky Labs found that, in the second quarter of 2018, cybercriminals stole over $2 million through crypto scams. A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via crypto scams. The report, entitled “Spam and phishing in Q2 2018,” notes so-called “crypto giveaways” as a pervasive example of phishing, wherein cybercriminals dupe individuals into giving up sensitive information as part of a too-good-to-be-true promotion giving away popular […]

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Y Combinator Reveals Ex-Baidu Blockchain Bull Qi Lu as CEO of New China Division

Silicon Valley’s Y Combinator launches new division in China, announcing former Baidu COO and blockchain bull Qi Lu as its Founding CEO. The Ex-COO of ‘Chinese Google’ Baidu and blockchain bull Qi Lu has joined Y Combinator (YC) to run the company’s new China-based division, according to a blog post August 14.   Y Combinator –– the major Silicon Valley-based entrepreneurial accelerator that funded such startups as Dropbox, Airbnb, Coinbase, Reddit, among others –– announced that is has officially entered the Chinese market, launching a new division of […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 15

With the panic set in the cryptocurrency markets, the best move right now may actually be to buy – what do the charts say? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Panic has set in the cryptocurrency markets as investors dump their holdings at every opportune moment, […]

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AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years. On August 9, 2018, the three hosted an Ask Me Anything (AMA) session on Reddit to discuss the project known as Origin. According to Fraser, Origin has sought to build something […]

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BitAngels Founder Sues AT&T for $224 million Following Wallet Hacks

BitAngels founder Michael Terpin has filed a $224 million lawsuit against telecoms provider AT&T, alleging that its negligence led him to lose about $24 million worth of cryptocurrency to fraudsters, according to a CNBC report. In a 69-page deposition to the Los Angeles U.S. District Court on August 15, 2018, Terpin claims that AT&T “willingly” cooperated with hackers who co-opted his identity and thus gained access to his crypto wallets. Crypto Wallet Hack According to the filing, Terpin suffered two separate hacks within seven months of each […]

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Bank of Montreal, Teachers’ Pension Fund Trial Canadian Dollar Debt Deal via Blockchain

In a national currency first, the Bank of Montreal and Ontario Teachers’ Pension Plan have reportedly trial a Canadian-dollar debt deal over blockchain. The Bank of Montreal and Ontario Teachers’ Pension Plan have tested a Canadian-dollar debt deal using blockchain, Bloomberg reports August 15. In the pilot transaction, the bank is said to have sold $250 million Canadian dollars (around $190 million) of one-year floating rate deposit notes to the teachers’ pension fund, implementing blockchain tech to mirror the transaction. This is reportedly the first use of […]

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Coinhive Mints Quarter Million Dollars in Monero a Month, Report Reveals

Тhe profitability of cryptocurrency mining is decreasing on the backdrop of this year’s persistently bearish markets but Coinhive seems to be doing pretty well. The browser-based miner has earned a quarter million dollars worth of monero in just one month, according to a new study conducted by German researchers.    Also read: New Player to Offer Next Generation ASIC Chips This Year One in Three Minted Coins Goes to Coinhive Developers Coinhive, the Javascript-based miner that takes away some of your CPU power to mine cryptos while […]

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