Category Archives: Crypto News

Big Tech Are Banning Crypto And ICO Ads – Is There A Reason to Panic?

Major social media platforms have kicked out crypto and ICO related ads. Google will introduce similar actions in the nearest future. How does it actually affect the industry? Major social media platforms, including Facebook, Instagram and Twitter have recently banned advertising for cryptocurrencies and initial coin offerings (ICOs), whilst Google will introduce similar regulations in June 2018. Facebook came first saying that such ads are related to ‘deceptive promotional practices’ and setting a precedent for other social media giants that have taken similar action towards crypto and […]

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India’s Central Bank To Stop Dealing With All Crypto-Related Accounts, ‘Not Ban On Crypto’ Commenters Say

India’s central bank will stop associations with all entities related to cryptocurrency, citing the “associated risks” like money laundering The Reserve Bank of India (RBI) has announced that the bank will no longer provide services to any person or business that deals with cryptocurrencies, adding that it is also looking into releasing its own cryptocurrency in the future, according to a “Statement on Developmental and Regulatory Policies” released today, April 5. India’s Finance Ministry had criticized Bitcoin (BTC) and cryptocurrencies for their “lack of intrinsic value” in […]

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Cryptocurrency Verge Responds To Hacking Claims By Launching ‘Accidental Hard Fork’

Verge developers’ handling of a code bug has raised questions, particularly among miners, over management integrity. Anonymity-focused cryptocurrency Verge (XVG) lost 25% of its value April 4 as news surfaced of an apparent hack which developers ‘resolved’ by accidentally initiating a hard fork. According to various press and social media sources, including Verge developer known as Sunok, a bug allowed manipulation of block mining timestamps. This created the potential for illegitimate coins to appear from nowhere. “There’s currently a >51% attack going on on XVG which exploits […]

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Japan Streamlines Its Cybercrime Forces, Opening New Building In Tokyo

The Metropolitan Police Dpt. in Tokyo has gathered 500 agents to join forces in the fight against cybercrime, with a new building opened in Tokyo. The Japanese Metropolitan Police Department has opened a new “Cyber” building and gathered 500 of its agents into a law enforcement unit dedicated to tackling cybercrime, Reuters reported April 2. The “Cyber” building will have six departments and strengthen cooperation between hitherto dispersed authorities. The move comes in the wake of January’s $532 mln hack of Japanese exchange Coincheck, dubbed the biggest […]

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BTC Below $7,000 As Crypto Markets See Modest Downward Trend

The crypto markets’ relatively good start to the second quarter this week has turned into marginal declines across the top ten coins on CoinMarketCap. April 5: Bitcoin (BTC) has dropped slightly below $7,000 today, following on the heels of a weak second quarter start for the traditional markets. BTC is currently trading for around $6,811, down almost 4 percent over a 24 hour period to press time. This week had seen BTC’s price consistently above $7,000, so today’s lower price could be attributed to regulatory news from […]

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Bitcoin Lightning Network Sees First Android Mobile App Hit Google Play

A further milestone for the Bitcoin Lightning Network sees the first Android wallet up go live. The first user mobile wallet built for the Bitcoin’s Lightning Network (LN) launched April 4 marking a further milestone for the technology. Eclair wallet, released by technology startup ACINQ, is available for Android users from the Google Play Store. Devices running version 5.0 or newer of the operating system can now send Lightning payments, which should notionally cost a fraction of regular Bitcoin network fees and confirm almost instantly. “The Eclair […]

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Korean Crypto Exchange Execs Detained On Fraud And Embezzlement Charges

Two crypto exchange heads and executives have been detained in South Korea, charged with embezzling blns of won. CoinNest co-founder and chief executive Kim Ik-hwan has been detained in Seoul and charged with embezzlement and fraud, alongside two senior executives and the head of a second unnamed crypto exchange, a local news outlet Naver reported April 5. The executives allegedly moved customers’ digital assets into their personal accounts, worth “billions of won,” according to prosecutors. Officials are now seeking arrest warrants for the detainees. It is the […]

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AngelList’s Regulation-Friendly Token Sale Platform Raises $9.2 Mln In Initial Funding Round

CoinList, a spin-off of AngelList, has raised $9.2 mln in its initial funding round with investors including the Digital Currency Group and Blockchain Capital CoinList, a platform for token-based financial services with an emphasis on compliance with regulation, has raised $9.2 mln during its initial fundraising round, according to a press release published today, April 5. CoinList is a subsidiary of AngelList, a website for connecting startups to investors and job-seekers. The press release notes that CoinList’s $9.2 mln figure includes previously-raised funds from VC firm Accomplice […]

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Nikkei Report: Coincheck ‘Accepts’ Monex’s Offer To Invest ‘Billions’, Install New CEO

‘Billions’ of yen are on their way to Coincheck as part of a buyout deal and top brass changeover, Nikkei claims. Troubled Japanese Bitcoin exchange Coincheck has allegedly “accepted” a buyout offer from online broker Monex Group, Nikkei reports April 5. Citing anonymous sources, the publication claims Monex confirmed an offer to purchase Coincheck in a deal which will include “several billions of yen” in investment. In addition, current CEO Koichiro Wada and COO Yusuke Otsuka will step down, the former replaced by Monex’s CEO Toshihiko Katsuya. […]

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Startup Aims To Reduce Air Accidents By Creating Flight Log Records On Blockchain

sponsored A project turns the pilot log book to the distributed ledger Having emerged with an idea of using Blockchain for aviation safety last year, Aeron, a Cyprus-based startup, has recently released a mobile app that records and verifies the pilot’s qualification. The application, which replaces the traditional pilot logbook (the manual act of logging flight hours on paper) is now available on Google Play and Apple App Stores. An application that “saves lives” According to the data provided in Aeron’s one-pager, 57 percent of aviation accidents […]

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