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US Treasury General Account dwindles to critical levels with less than $50B remaining
Quick Take The U. S. Treasury General Account (TGA) continues to be depleted; as of May 24, it had just $49 billion left in its coffers. This is the lowest number in the account since 2017 when the balance fell to around $23 billion. дальше »
2023-5-27 17:01 | |
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Is the rise in Bitcoin and gold price foreshadowing further debasement?
As the Treasury General Account (TGA) plummets at an alarming rate, losing $130 billion this month alone, the U. S. government faces a ticking financial time bomb. With only $87 billion left in the account and tax receipts unable to keep up with the spending spree, potential consequences are looming. дальше »
2023-4-17 15:32 | |
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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments
Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. дальше »
2019-1-23 00:57 | |
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What do Bitmain troubles and possible Jihan Wu stepping down mean for Bitcoin Cash (BCH)
Popular crypto “insider” Twitter account @btcking555 posted an interesting tweet yesterday, confirming that the rumors of Bitmain’s current CEO Jihan Wu looking to abandon his position at the company are true. дальше »
2019-1-11 17:54 | |
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Stablecoin Tether is Fully Backed By Dollars, New Bank Statement Reveals
Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar reserves. дальше »
2018-12-18 16:00 | |
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Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement
Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. дальше »
2018-12-13 21:15 | |
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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes
Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses. дальше »
2018-12-5 13:00 | |
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Billions of XRP on the Move While Concerns Rise Over Whether Ripple is a Security
Around 2.6 billion XRP, worth circa one billion dollars, has moved from a Ripple OTC Distribution wallet to unknown wallets according to an account that tracks blockchain data. Why such... The post Billions of XRP on the Move While Concerns Rise Over Whether Ripple is a Security appeared first on Trustnodes. дальше »
2018-11-29 21:52 | |
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Price Dip Aside, Paxful Anticipates Big Week of Gift Card-to-Bitcoin Trades
That special time of year is coming up — the time when individuals trade in their unwanted or unusable gift cards for bitcoin. And with the price of bitcoin dropping, peer-to-peer (P2P) bitcoin marketplace Paxful is making it possible to use these gift cards to “buy the dip. дальше »
2018-11-22 19:12 | |
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Tether Confirms Banking with Deltec; Latter Confirms $1.8 Billion in Account
Tether Limited, the company developing the USDT stablecoin, has announced a new banking partnership. In a statement published November 1, 2018, the company confirmed long-standing rumors that Deltec Bank & Trust Limited would be the next financial institution to hold its cash reserves. дальше »
2018-11-3 22:00 | |
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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive
As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency. дальше »
2018-11-1 23:35 | |
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George Mason University’s Tyler Cowen: “Bitcoin’s Flexibility is Limited by It’s Hard Fork Reach”
Tyler Cowen: “Bitcoin’s (BTC) Flexibility is Limited by It’s Hard Fork Reach” During a recent panel discussion that took place on Bloomberg Opinion, one of the topics that drew a lot of attention was the fact that there still exist more than 2 Billion individuals who do not have access to a bank account (but […] дальше »
2018-10-27 20:44 | |
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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. дальше »
2018-10-13 23:34 | |
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Bitfinex Stops USD Deposits To Their Exchange
The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt. дальше »
2018-10-11 21:30 | |
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Massive Loss For Bitcoin, Will The Price Hold?
Today has been a bleak day for Bitcoin. The price looked like it was holding steady at the $6,500 mark but now it has dropped 5% which has dragged everything else down with it, including Ethereum, XRP, Cardano, Stellar and more. дальше »
2018-10-11 15:30 | |
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Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data
Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. дальше »
2018-10-7 19:55 | |
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Famed Endowment Manager Invests Yale’s Money in Crypto Funds.
On October 5, 2018, an article published by Bloomberg stated that Yale University’s Investment Office, under the stewardship of famed manager David Swensen, has put an allocation toward Paradigm, a new cryptocurrency fund that has raised $400 million dollars. дальше »
2018-10-6 01:52 | |
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EOS user exploits ‘dumb’ smart contract to make 1B tokens magically appear
Warning! There is a strong chance this will give readers a sense of d announced it would be distributing exactly half of its seven billion token supply to EOS holders. Developers were meant to send 10,000 tokens to each participating account, but instead were forced into sending so much more. дальше »
2018-10-4 18:40 | |
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Pornhub: Less than 1% of users buy subscriptions with cryptocurrency
Back in April, adult entertainment giant Pornhub broke the internet when it announced users can now buy a premium subscription with cryptocurrency. But despite all the buzz the announcement generated, it seems pornography viewers hardly share this enthusiasm for blockchain-powered payments. дальше »
2018-9-28 17:18 | |
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1 Billion Fake EOS Tokens Used To Steal $58k From Decentralised Exchange
Thieves have fabricated 1 billion EOS based tokens, ironically also named EOS, in order to purchase a number of tokens from Newdex, a decentralised exchange. Since the EOS tokens we’re fake and have no value, the hackers managed to lift around $58,000. дальше »
2018-9-18 16:30 | |
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[promoted] Equity Trust Builds New Frontier of Crypto-Based Retirement Accounts
Index funds have more than proven their worth as a preferred option for those with an eye on retirement. But now there is conversation about the value of adding bitcoin and other cryptocurrencies to this investment mix. дальше »
2018-9-11 16:58 | |
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Stellar Records 48.75 Billion XLM Assets Traded On-Chain In August, After 350,000 New Account
The digital currency Stellar (XLM) has again reached out to the world with a world-beating achievement that creates reverberations of joy in its community, after declaring that it was able to record a total of 48. дальше »
2018-8-29 16:04 | |
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Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration
Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD's Canadian users onto Coinberry's no-fee trading platform. дальше »
2018-8-21 18:52 | |
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[promoted] Equity Trust Forges a New Path for Crypto-Based IRA Investments
Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings. дальше »
2018-8-18 22:30 | |
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Bearwhale Sells Ten Million XRP, 800 Million XRP Sold So Far in 2018, 200 Million Left
An XRP account, which once had some 1.08 billion XRP, has sold another ten million today according to unverified reports, worth circa $5 million. An XRP veteran compiled the movements... The post Bearwhale Sells Ten Million XRP, 800 Million XRP Sold So Far in 2018, 200 Million Left appeared first on Trustnodes. дальше »
2018-8-7 14:27 | |
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Bitcoin Magazine’s Week in Review: Challenging the Way It’s Always Been Done
This past week, we talked to three security experts about how to design smarter and more secure smart contracts. Google is dipping its toe in the blockchain waters by introducing integrations for applications built with Ethereum and Hyperledger. дальше »
2018-8-5 16:08 | |
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The World Bank Says 1.7 Billion Adults are ‘Unbanked’, Crypto to the Rescue?
It seems there is a new word floating around in the crypto community – “unbanked” and it is being used to describe those who do not have an account with a financial institution or mobile money provider. дальше »
2018-7-26 09:41 | |
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Ripple Q2 Report: XRP Sales Down But Customer Adoption on the Rise
Ripple (XRP)–Ripple, the blockchain startup parent company that created the XRP cryptocurrency, has released somewhat disappointing figures for the second quarter of 2018. Ripple holds a vast amount of the total supply of XRP in an escrow account that will not be fully paid out for the next several years. дальше »
2018-7-25 19:13 | |
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AI is finding out when the person using your account isn’t you
A few months ago, security researchers at 4iQ uncovered a 41-gigabyte file being sold on the dark web that contained 1. 4 billion username and password combinations from online services such as Netflix, Last. дальше »
2018-7-13 11:17 | |
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5 Ways to Accelerate Financial Inclusion Through Technology
One of the main ways of reducing poverty is through financial inclusion. As of last year, an estimated 1. 7 billion adults around the world still remain unbanked. This means that they have no access to a savings account, credit, or any type of financial services. дальше »
2018-7-8 00:00 | |
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Mojaloop: Ripple (XRP) Partners with Bill & Melinda Gates Foundation
Ripple in Partnership with Bill and Melinda Gates Foundation Bill and Melinda Gates Foundation have seen the need to partner with the now popular Ripple digital currency to connect un-banked people with financial institutions in developing countries. дальше »
2018-7-3 20:38 | |
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Ripple Improves Access to India with Kotak Mahindra Bank
Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017. дальше »
2018-6-27 19:04 | |
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CryptoAds’ Public Crowdsale Kicks off With an Announcement of the New Hardware Wallet
As virtually everyone in the crypto world knows, one of the most critical and persistent issues plaguing the space is wallet security. Problems abound: phishing, fraud, theft, hacking – all of these risks have to be taken into account by cryptocurrency holders. дальше »
2018-6-27 14:47 | |
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Bitfinex-hired Law Firm Validates Existence of Tether Reserves
On Wednesday, a law firm hired by Bitfinex regarding its USD-backed Tether token released a four-page report indicating that Bitfinex had assets in its bank account that accounted for and exceeded the supply of over 2. дальше »
2018-6-23 00:44 | |
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EOS Tokens Not For Passive HODLers
If you’ve bought into EOS with an intention to be a long-term HODLer without having to do anything with the tokens, you might want to reconsider. According to the project’s Constitution, if your account is inactive for 3 years, it may be put up for auction. дальше »
2018-6-18 05:00 | |
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RippleNet Strengthens Emerging Markets Access into India, Brazil and China
According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population and account for almost … Continued The post RippleNet Strengthens Emerging Markets Access into India, Brazil and China appeared first on Ripple. дальше »
2018-6-17 12:50 | |
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Clearing Up Misconceptions: This Is How Tether Should (and Does) Work
There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U. дальше »
2018-6-14 22:01 | |
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New Coinbase Additions: Ethereum Classic and Crypto Index Fund
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund. дальше »
2018-6-14 01:32 | |
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Op Ed: Venmo Offers the Ultimate Cryptocurrency Experience
Venmo could be the ultimate cryptocurrency experience from a user-experience perspective. Any cryptocurrency that seeks to power the future of global transactions must ensure that it is supported by a payment system that is simple, user-friendly and free — like Venmo. дальше »
2018-6-11 16:51 | |
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