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Shitcoin factory Cryptopia owes over $3M to creditors, staff, and hodlers
Liquidators of now defunct cryptocurrency exchange Cryptopia have revealed that it owes investors, creditors, and staff a total of over $3 million. Grant Thornton New Zealand published its first liquidators report earlier today which outlined that creditors are owed a total of $2. äàëüøå »
2019-5-31 15:16
Bitcoin as healthy as ever as the network hits all-time high mining difficulty
Bitcoin is having a very good week – both in terms of price and the stability of its blockchain. Shortly after surging past $9,000 to hit its highest price for 2019, the cryptocurrency‘s mining difficulty increased by 11. äàëüøå »
2019-5-31 13:30
Two more universities get into blockchain education with specialized online courses
This week sees two more universities get into the blockchain game by offering courses in cryptocurrency, fintech, and distributed ledger technology. Earlier this week, Ireland‘s Minister for Business, Enterprise, and Innovation Heather Humphreys launched the country’s first Master’s in blockchain technology. äàëüøå »
2019-5-31 13:08
North Korean hackers caught phishing for South Koreans’ cryptocurrency
Hackers from North Korea are making headlines again, this time for going after the funds of users of South Korean cryptocurrency exchange UpBit. The hackers allegedly sent a phishing email to UpBit users earlier this week. äàëüøå »
2019-5-31 11:29
Here’s how much Binance paid to move $1.26 billion worth of Bitcoin
Cryptocurrency exchange Binance moved a gut-wrenching $1. 26 billion worth of Bitcoin today – and it paid just $124. 60 in network fees for the service. The epic transfer was signaled by Binance CEO Changpang Zhao earlier this morning in a tweet. äàëüøå »
2019-5-29 17:04
ABN AMRO is helping BUX blockchainify its new stock trading app
A division of the major Dutch bank ABN AMRO and a mobile trading app are collaborating to offer stock investments using the blockchain. The bank‘s securities investment arm ABN AMRO Clearing Bank and BUX announced today that they have signed a partnership contract to use the bank‘s blockchain-based technology in its latest app, called STOCKS. äàëüøå »
2019-5-29 16:01
Congressional report: Bitcoin adoption ‘miniscule’ compared to traditional finance
Distributed ledger systems that underpin cryptocurrencies aren’t capable of processing the number of transactions required for mass adoption — but it doesn’t matter, they’re only really used for speculation. äàëüøå »
2019-5-29 14:30
German watchdog accuses CoinBene of unlicensed cryptocurrency trading
Cryptocurrency trading platform CoinBene has been put under the microscope again following an announcement from one of Germanym trades on behalf of the exchange. CoinBene LTD Germany is not registered on the commercial register in the country, the announcement reads. äàëüøå »
2019-5-29 11:59
IOTA wants to ditch its most centralized component, but the timeline is still murky
IOTA, a distributed ledger protocol for the Internet of Things, has released a new white paper detailing an upcoming software upgrade that promises to improve scalability and get rid of the network’s most centralized component – the Coordinator. äàëüøå »
2019-5-28 18:02
Kik raised $98M with a potentially illegal ICO. Now it wants your money to fight the SEC
Kik, the embattled messaging startup behind the Kin cryptocurrency, is now crowd-sourcing donations to help fund its legal battle with US regulators. The Defend Crypto Fund is said to be tailored specifically to fight the US Securities and Exchange Commission (SEC) “on behalf of the future of crypto in the [United States]. äàëüøå »
2019-5-28 17:30
This website turns Bitcoin blockchain activity into ASMR
Holding cryptocurrency can be exhilarating, yet absolutely depressing. Luckily, a website automatically transmogrifies Bitcoin activity into soft, soothing sounds to help you relax through its ups-and-downs. äàëüøå »
2019-5-28 15:19
EY built a blockchain for wine snobs to confirm the authenticity of their plonk
Accounting behemoth EY is putting wine on the blockchain. In a press release from last week (spotted by CoinDesk), the company announced it has developed a blockchain-powered platform for tracking the authenticity and origins of wine. äàëüøå »
2019-5-28 12:18
Cryptopia needs $2M to keep a database alive – or users might never recover their tokens
Defunct cryptocurrency exchange Cryptopia warned it will take “some months at least” to figure out how to return tokens owed to its users. Cryptopia administrators have also requested “urgent interim relief,” which they say is critical to maintain a single SQL database that stores all of its users’ individual account holdings and contact details. äàëüøå »
2019-5-27 17:29
Top cryptocurrencies outperform Bitcoin in latest price pump (except XRP)
Bitcoin‘s price has broken $8,700 to reach its highest value in over a year – but that’s nothing compared to the price growth enjoyed by popular alternative cryptocurrencies like Litecoin (LTC), Binance Coin (BNB), and Bitcoin Cash (BCH). äàëüøå »
2019-5-27 13:32
PSA: Stay away from this ‘Bitcoin Collector’ app – it’s malware
Have you come across a new “Bitcoin Collector” program promising up to $45 worth of free cryptocurrency each day? It might sound enticing, but best to stay away: the app is a virus designed to infect your system with ransomware or password-stealing malware. äàëüøå »
2019-5-27 13:30
Moonday Mornings: Microsoft helped Louis Vuitton put overpriced rags on the blockchain
You know what time it is: we’re back for Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain stories. Here are some of the hottest stories you might’ve missed over the weekend. äàëüøå »
2019-5-27 11:27
5 bite-size Bitcoin factoids to beef up your cryptocurrency knowledge
Bitcoin celebrated its 10th birthday earlier this year. The cryptocurrency is technological feat and while its inner workings are often difficult to understand, or explain, there are a few interesting facts every enthusiast should know. äàëüøå »
2019-5-24 18:30
These are the top 10 programming languages in blockchain
Okay, okay: we all know that blockchain and cryptocurrency developers are in demand these days, but what are the most popular programming languages in blockchain development? It turns out that Ethereum‘s Solidity takes the top spot, followed by JavaScript and Java in second and third spot respectively, according to the most common blockchain-related questions on StackOverflow. äàëüøå »
2019-5-24 17:28
Brave now lets you tip people on Twitter with cryptocurrency
You can now tip your favorite Twitter users directly with cryptocurrency with the latest build of the Chromium-based open source browser Brave. The latest Nightly build of Brave will let users send digital tokens as a tip to tweeters of their choosing. äàëüøå »
2019-5-24 16:11
Facebook is launching a ‘global’ cryptocurrency in 2020 – we’re all doomed
Rumors that Facebook has been working on a cryptocurrency haven’t exactly flown under the radar. And with the latest revelation, the Facebook cryptocurrency machine looks set to step up a gear. äàëüøå »
2019-5-24 14:36
AT&T now accepts cryptocurrency, and it’s probably a bad idea
American cell network operator AT&T has announced it’s accepting cryptocurrency as an online payment option. AT&T says it will be offering the payment method through cryptocurrency payment services provider BitPay. äàëüøå »
2019-5-24 11:08
Thailand’s oldest bank hints at new blockchain app powered by Ripple
Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple. Earlier this week, rumors of its blockchain pilot surfaced online after eagle-eyed users took to Twitter to share images of what appears to be a Ripple-based app for cross-border transactions. äàëüøå »
2019-5-23 16:43
Rabobank is the second major bank to cancel its cryptocurrency wallet
After exploring the opportunity last year, major Dutch bank Rabobank has decided it’s not going to take its plans for a cryptocurrency wallet any further. In February last year, news surfaced that Rabobank was working on a cryptocurrency service – called Rabobit – which promised to bridge the gap between bank accounts and cryptocurrency wallets. äàëüøå »
2019-5-23 14:00
As Bitcoin surges, hackers rush to spread cryptocurrency malware on Google Play
An unfortunate consequence of Bitcoin’s price revival in recent weeks is the resurgence of cryptocurrency malware on Google Play. ESET security researchers, have verified that there were at least two apps on Google Play specifically designed to steal users’ coins. äàëüøå »
2019-5-23 13:25
$200M cryptocurrency mixing operation dismantled by Eurocops
A cryptocurrency mixing service that turned over $200 million worth of Bitcoin has been shut down following an investigation led by authorities from a number of European nations. The Dutch anti-fraud agency (FIOD) and Public Prosecution Service announced yesterday they have shut down Bestmixer. äàëüøå »
2019-5-23 11:50
This AI-powered bot is learning how to tweet like Ethereum’s Vitalik Buterin
There’s a new form of artificial intelligence that mimics Ethereum co-founder Vitalik Buterin with alarming accuracy. Vitalik Boterin is a bot powered by machine learning (ML). It regularly tweets unique nuggets of wisdom that read eerily similar to the real deal, like this one. äàëüøå »
2019-5-22 20:00
Sign this petition to stop Craig Wright from copyrighting the Bitcoin white paper
An online petition to remove Craig Wright’s name from a copyright claim submitted earlier this week has surfaced after his latest effort to lay claim to the fact he authored the original Bitcoin white paper. äàëüøå »
2019-5-22 18:31
Bitcoin Pizza Day: How a hungry Florida man made cryptocurrency history
Nine years ago today, the first ever Bitcoin transaction for a consumer product took place after a Florida man spent 10,000 BTC on two pizzas. Since then, cryptocurrency enthusiasts across the globe have celebrated ‘Bitcoin Pizza Day,’ not because the man in question paid 10,000 BTC, but because at the time said transaction represented a milestone for Bitcoin adoption. äàëüøå »
2019-5-22 16:00
55,000 Brazilians scammed out of $200M+ worth of fake cryptocurrency
A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank. äàëüøå »
2019-5-22 12:25
Tether in court: Yep, we sort of, kind of, definitely used our reserves to buy Bitcoin
It appears that contrary to its marketing promises, Tether – a cryptocurrency pegged to the US dollar – used some of its dollar reserves to buy Bitcoin. The stablecoin issuer, which shares management and ownership with cryptocurrency exchange service Bitfinex, has admitted it used its reserves to invest in Bitcoin and other “assets,” according to court transcripts obtained by The Block. äàëüøå »
2019-5-22 11:12
Game of Thrones’ Bronn becomes Master of VeganCoin cryptocurrency (we shit you not)
Before you read this, beware there might be Game of Thrones spoilers in this piece. The actor that played one of the more Machiavellian characters in the HBO series, Game of Thrones, is joining the advisory board of a vegan lifestyle oriented cryptocurrency. äàëüøå »
2019-5-21 17:18
Dear NY Post, didn’t you learn anything about Bitcoin?
It’s that time of the year: NY Post’s in-house cryptocurrency pseudosopher John Crudele has published his annual diatribe against Bitcoin. For those new to Crudele, he is sort of like your local know-it-all who camps on a beer crate in front of the liquor store from dawn till dusk, smugly spewing nonsense to everyone who has the misfortune to step in the vicinity of his imaginary pedestal. äàëüøå »
2019-5-21 17:05
Dutch man conned investors out of $26M with fake Bitcoin mining rigs
A man from Apeldoorn, Netherlands has been arrested for fraud and money laundering after convincing over 100 people to invest a total of $26 million in fictitious Bitcoin mining rigs. The 33-year-old named as Berry van M. äàëüøå »
2019-5-21 15:59
Australian civil servant faces 10 years for mining cryptocurrency on government computers
An Australian government employee is appearing in court today after using work equipment to mine cryptocurrency for his own gain. The Australian Federal Police (AFP) allege that the 33 year-old from Killara in New South Wales took advantage of his position as an IT contractor to modify government computer systems to mine cryptocurrency. äàëüøå »
2019-5-21 13:27
How an engineer at a crypto-security startup lost $100K in a SIM-swapping hack
Nobody is immune to SIM-swapping attacks – and one engineering lead at a cryptocurrency security startup had to learn this lesson the hard way. In a blog post, Sean Coonce, engineering manager at security-oriented cryptocurrency startup BitGo, has detailed how he lost $100,000 in an unfortunate SIM-swapping hack, which saw his entire Coinbase balance drained. äàëüøå »
2019-5-21 13:23
Bitcoin ETFs still a mirage as SEC delays decision yet another time
The US Securities and Exchange Commission (SEC) is still not keen on approving Bitcoin exchange-traded funds (ETF). In a document published on May 20, the watchdog revealed it has delayed making a decision on an ETF proposal put forth by the VanEck SolidX Bitcoin Trust. äàëüøå »
2019-5-21 12:21
Bullish Brits lost $34M to cryptocurrency scams last year
British investors losturrency scams also tripled over the same period. While last year there were X cases reported, the FCA notes the number has gone up to 1,800 this year. The FCA’s announcement states that fraudsters often used social media to promote “get-rich-quick” schemes. äàëüøå »
2019-5-21 12:11
ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform
Despite abandoning plans to build its own Bitcoin wallet, ABN AMRO is not quite done with blockchain tech. The Dutch banking giant has announced plans to launch a decentralized trade inventory platform in collaboration with Accenture and ING Bank, according to a press release (spotted by CoinDesk). äàëüøå »
2019-5-20 18:00
Bitcoin’s price has pumped beyond its ‘intrinsic value,’ JPMorgan says
Banking behemoth JP Morgan Chase & Co. has taken another shot at Bitcoin, claiming the cryptocurrency‘s latest rally has pushed its price beyond its “intrinsic value. ” “Over the past few days, the actual price has moved sharply over marginal cost,” JPMorgan analysts wrote in a note obtained by Bloomberg. äàëüøå »
2019-5-20 14:54
Moonday Mornings: Banks pour $50M into blockchain, Bitcoin gets on CBS’ 60 Minutes
Another weekend, another batch of stories you might’ve missed. Or as we like to put it: welcome back to another edition of Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain stories. äàëüøå »
2019-5-20 12:07
Dutch bank ABN AMRO ditches its Bitcoin wallet because it’s ‘too risky’
Dutch bank ABN AMRO has decided to cancel its plans for a custodial cryptocurrency wallet, called Wallie, claiming that digital assets are “just too risky. ” Back in January, the rumor mill spun into action after images surfaced on Twitter that appeared to suggest Dutch bank ABN AMRO was designing a cryptocurrency wallet. äàëüøå »
2019-5-20 11:30
Amazon granted patent for Bitcoin-style system to fight DDoS attacks
Cryptocurrency rumor mongers are likely to be dancing today as Amazon has successfully filed a patent for a Bitcoin-styled Proof-of-Work system. But don’t get ahead of yourself, it doesn’t look like the Seattle-based ecommerce giant will be accepting Bitcoin for payments. äàëüøå »
2019-5-17 14:58
Dark web user gets 42 months in prison for buying child abuse imagery with Bitcoin
A man in the US has been sentenced to 42 months in federal prison for purchasing, downloading, and concealing child abuse imagery he got on the dark web and paid for with Bitcoin. According to court documents, starting in May 2017, Stephen P. äàëüøå »
2019-5-17 13:55
Blockchain startups RepuX and JoyToken pull exit scam after raising $8M in ICOs
Even thought it’s 2019, initial coin offering (ICO) exit scams are still being uncovered. The latest to surface has seemingly conned over $8 million from would-be investors. It appears that blockchain startups RepuX and JoyToken have conned investors out of $4. äàëüøå »
2019-5-16 18:36
Big, greedy Ethereum whales account for 33 percent of cryptocurrency’s supply
Ethereum whales account for just 7 percent of transaction activity in the market – but they control a third of the cryptocurrency’s entire circulating supply. That’s according to a new study by Chainanalysis which found that although these whales don’t have a sizeable impact on Ether’s price, their large sell-offs do make the market more volatile on a daily basis. äàëüøå »
2019-5-16 16:36
‘PLEASE DO NOT SEND ANY DEPOSITS,’ begs dying shitcoin factory Cryptopia
It seems some overzealous cryptocurrency traders didn’t get the memo that exchange service Cryptopia is shutting down – and they’re still trying to make deposits to the platform. In a tweet earlier today, the embattled exchange warned users not to send funds to the trading platform. äàëüøå »
2019-5-16 13:09
Supply chain managers don’t want to buy blockchain
Despite the excitement currently surrounding blockchain, it seems supply chain managers are falling out of love with the decentralized technology. Procurement industry leaders discussed blockchain at the Supply Management Forum in London last week and spoke of how they are still waiting for the value of blockchain adoption to be proven. äàëüøå »
2019-5-16 12:48
Stellar’s ‘decentralized’ blockchain crashed for 2 hours and nobody realized
Stellar’s blockchain suffered a “cascading failure” that halted transactions for roughly two hours on May 15. Breaking: yesterday the Stellar network went down for about 2 hours… only those who run validators noticed it. äàëüøå »
2019-5-16 12:20
Blockstream’s new ‘Bitcoin ICO’ platform is handy – but you still need to know the laws
The blockchain infrastructure firm that sent a Bitcoin satellite into space is launching a platform to allow businesses to offer security tokens on the Liquid Network. Blockstream announced the launch of “Liquid Securities” earlier today at CoinDesk’s blockchain and cryptocurrency conference, Consensus. äàëüøå »
2019-5-15 17:15
ICO fraud update: DJ Khaled and Mayweather walk free, Kevin Hart next to be investigated
The US Court for the Southern District of Florida has dismissed the case of initial coin offering (ICO) fraud against DJ Khaled and boxer Floyd Mayweather. The court decided that despite Khaled and Mayweather shilled defunct cryptocurrency firm CentraTech (and its associated ICO of CTR tokens) on their social media profiles, they did not play a big enough role in its promotion to warrant further legal action. äàëüøå »