Author Archives: creative

India: Police Superintendent Arrested In Connection With Case Of Bitcoin Extortion

Police superintendent Jagdish Patel was arrested this week for his alleged role in the kidnapping, extortion of around $2 mln in BTC from local businessman. A police superintendent from Gujarat, India, has been arrested in regards to the alleged kidnapping and Bitcoin (BTC) extortion of a businessman, of which 10 people police officers have already been accused, local news outlet the Hindustan Times reported Monday, April 23. Indian businessman and builder Sailesh Bhatt reported that police officers beat him, extorted money from him, and then kidnapped him […]

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Nchain Launches Nakasendo SDK for Bitcoin Cash Development

Earlier this week the blockchain technologies research and development firm Nchain released its 1.0 version of Nakasendo a software development kit (SDK) specifically designed to bolster the Bitcoin (BCH) network. Nchain details that the Nakasendo SDK is available for software programmers focusing their energy and resources towards bitcoin cash application and platform development. Also read: This Week in Bitcoin: Taxes, Forks, Pranks and Porn A More Flexible Method of Key Generation and Sharing The London-based Nchain has released an SDK this week for software developers looking to […]

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Market Strategist Sees BTC Soon Hitting Between $11,500 And $11,800

Market watcher Bill Baruch said on CNBC that Bitcoin is aiming for somewhere between $11,500 and $11,800. Bill Baruch of Blue Lines Futures sees the crypto sector as continuing to rise in the long term, with the “ultimate upside” for Bitcoin (BTC) being between $11,500 and $11,800, according to a CNBC video posted yesterday, April 23. CNBC notes that Baruch “has been right before.” In February of this year, when BTC’s price dropped to below $7000, Baruch had predicted that Bitcoin would “recover from this low.” BTC […]

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Reuters Survey: At Least 56 Finance Firms Will Enter Crypto In Next 6 Months

A new survey by Thomson Reuters has revealed 20% of finance firms are planning to offer crypto products in 2018. Twenty percent of financial firms want to “start buying and selling digital tokens” in 2018, Quartz reports Monday, April 23. According to a range of over 400 undisclosed businesses surveyed by Thomson Reuters, one in every five “have plans” to begin direct contact with cryptocurrency assets in the next 12 months. Reuters, which began including Bitcoin sentiment in its data feeds last month, did not mention the […]

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MIT Comes Up With Three Ways To Take Bitcoin Down

The MIT Technology Reviews explores three hypothetical ways that Bitcoin could be “destroyed” in a new article. The MIT Technology Review has published an article today, April 24, called “Let’s Destroy Bitcoin,” detailing three ways that the cryptocurrency could be “brought down.” The first option, according to the article, is a government takeover of Bitcoin with the creation of a Federal Reserve-backed coin (Fedcoin): “The year is two-thousand-something-big, and it’s the day your taxes are due. But you don’t file them. Instead an algorithm automatically makes a […]

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PR: CoinFi Partners with HybridBlock to Expand Crypto Intelligence Offerings

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. HONG KONG – April 24, 2018 – CoinFi, a leading market intelligence platform offering Wall Street-caliber trading tools, signals, and analysis on the cryptocurrency market, today announced a strategic partnership with HybridBlock, a crypto e-learning hub, trading platform, and global exchange. The […]

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Japan Finally Gets Self-Regulatory Body For Cryptocurrency Exchanges

A self-regulatory body for Japan’s crypto exchange sector looks about to become reality in the form of the Japanese Cryptocurrency Exchange Association (JCEA). Japan is about to get the first self-regulatory body for its cryptocurrency exchange industry as reports of a formal agreement surfaced on the local news outlet Asahi Shimbun Tuesday, April 24. According to Asahi Shimbun, the country’s sixteen licensed exchange operators have taken steps to finally launch what will become known as the Japanese Cryptocurrency Exchange Association (JCEA). Coming at a time when exchanges […]

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Bitcoin Cash Proponents Prepare for the Largest Block Size Increase Ever

In a little more than three weeks time the Bitcoin (BCH) network will hard fork by upgrading its block size to 32MB and incorporate additional functionalities to the protocol. Currently, the entire community is steadily preparing for the consensus change as development teams release new code, while users and infrastructure providers upgrade their full node implementations. Also read: Five Reasons Why Bitcoin Cash is About to Win Big The BCH Network Will Perform the Biggest Block Size Increase in History   The decentralized cryptocurrency bitcoin cash and its […]

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Ether & Ripple Doomed As Securities According to Regulation Expert

Former Obama administration financial regulator Gary Gensler believes cryptocurrencies such as ether and ripple appear as unregistered securities, and in current violation of the law. His comments carry considerable weight in the broader financial community. They also come after venture capitalists and lawyers invested in ether projects met secretly with the US Securities and Exchange Commission (SEC) to head off such regulation. Spokespeople for both coins insist they’re not securities.   Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested Ether and Ripple Might Be […]

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Walmart Is Ready To Use Blockchain For Its Live Food Business

American retail giant Walmart is ready to use Blockchain for tracking foods, VP of Food Safety and Health said at a conference today. Walmart Inc., US retail corporation and the world’s largest discount retailer, is ready to use Blockchain technology in its live food business, Bloomberg reported April 23. Frank Yiannas, Walmart Vice President of Food Safety and Health, made the announcement Monday at the MIT Technology Review’s Business of Blockchain conference in Cambridge, Massachusetts. Yiannas said that Blockchain was able to shorten the time it took […]

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