Category: Cryptocurrency

A New Bitcoin World

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Mt Gox CEO Mark Karpeles Found Not Guilty of EmbezzlementMark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF […]

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March 15, 2019 0

Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges

Mexico's Central Bank Publishes 'Catch-22' Rules Impacting Cryptocurrency ExchangesThe central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair Explains Key Upgrades Needed for […]

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March 13, 2019 0

Venezuelan Government Launches Crypto Remittance Service

Venezuelan Government Launches Cryptocurrency Remittance ServiceThe government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction. Also read: SEC Chair Explains Key […]

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March 4, 2019 0

Startup Company Sets up Bitcoin ATM in Botswana

Company Sets up Bitcoin ATM in BotswanaExpress Minds Ltd has set up a bitcoin automated teller machine (BATM) in Gaborone, Botswana, increasing the number of the machines on the continent to 10. The fiat-to-crypto machine allows users to purchase bitcoin by scanning a QR code for their wallet address, feed money into the machine and get the crypto equivalent automatically assigned […]

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March 4, 2019 0

Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

Maduro's Petro Becomes More Accessible, but Scrutinized by VenezuelansFor a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who […]

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February 26, 2019 0

Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months

Bitcoin Whales Accumulate Thousands of Coins in the Last Two MonthsCryptocurrency markets experienced a long bearish cycle last year which has continued into 2019. With some of the top cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) losing significant fiat value, large holders, otherwise known as ‘whales,’ have been able to accumulate massive amounts of digital assets. According to the top 100 rich list […]

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February 25, 2019 0

Venezuelan Explains How Bitcoin Saves His Family

Venezuelan Explains How Bitcoin Saves His FamilyAs the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval […]

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February 25, 2019 0

Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet

Samsung Launches Galaxy Series Preloaded With Cryptocurrency WalletOn Wednesday, Feb. 20, the mobile phone manufacturing giant Samsung Electronics released its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be pleased to hear that the new phone comes with the company’s proprietary Samsung Knox security system which stores blockchain-based private keys. Also Read: This ‘Faketoshi’ Signature Tool Lets Anyone Become Satoshi Nakamoto Galaxy S10 […]

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February 21, 2019 0

Indian Government Inaugurates National Crypto Forensic Lab

Indian Government Inaugurates National Cryptocurrency Forensic LabThe government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner. Also […]

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February 19, 2019 0

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

Bitmain Announces New 7nm Bitcoin Mining Chip With 28.6% More EfficiencyOn Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of […]

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February 18, 2019 0