Reading Time: 2 minutesZhongAn Tech (China) wants to use blockchain technology in order to reduce costs and risks in the healthcare industry, according to South China Morning Post. ZhongAn is a technology incubator ran by ZhongAn Online Property & Casualty Insurance. It appeared in 2013 and was founded by Alibaba Group chairman, Jack Ma, PingAn Insurance chairman, Peter … Read more
Reading Time: 2 minutesThe South Korean Supreme court made a ruling that has impact on how cryptocurrency is seen in the country. This might be the first step towards official regulations. Everything Started With Porn The Supreme Court made a final decision on a case that involved a pornographer, identified as Ahn. He was arrested for distributing hundreds … Read more
Reading Time: 2 minutesTransaction fees for Bitcoin are now lower than they ever were in the past 7 years. This means Bitcoin might be suitable for use as actual currency. Initially, the cryptocurrency was promoted as being a “peer-to-peer electronic cash system.” The problem was that because of the fact that the network became overloaded, transactions became lower … Read more
Reading Time: 2 minutesSpencer Bogart, blockchain venture capitalist, declared during an interview for CNBC that Bitcoin is still a really good buy for those interested, regardless of the recent price losses. He declares that Bitcoin is going to reach a value of over $10,000 by the end of the year. Bogart is known as being the very first … Read more
Reading Time: 2 minutesBitcoin is right now traded at a little over $7,300, a price that is definitely not something that was anticipated in the past. The drop in the past 24 hours is around $200. At the moment, the current belief is that the cryptocurrency will go down to around $7,000 in the following days. Ever since … Read more
Reading Time: 2 minutesBitcoin Gold is now experiencing the cryptocurrency investor’s worst nightmare: a 51% attack. This can turn out to be pretty bad if it continues but at the moment it is manageable. Bitcoing Gold does have most of its cold just as Bitcoin but there are differences that appeared. While Bitcoin did manage to properly deal … Read more
Reading Time: 4 minutesInitial coin offerings are highly attractive for those that want to make a good profit really fast. If the ICO is successful, people get a huge return on the investment made. However, because of the popularity ICOs have at the moment, many try to take advantage and scam people. At the moment, the entire ICO … Read more
Reading Time: 2 minutesWalmart may soon get into the blockchain industry as it filed an official patent for the development of a marketplace aimed to resell purchased products built on blockchain technology. The filing for the patent happened on May 17. According to the official application, the service that is developed by Walmart records the purchases of the … Read more
Reading Time: 2 minutesAlex de Vries, Dutch researcher, recently published a study that concluded: Bitcoin mining currently uses as much electricity as Ireland. Is this something we should trust or not? Every single person that tried to mine Bitcoin at home knows that the process is energy-intensive. However, experts might actually exaggerate this consumption. According to Standford lecturer … Read more
Reading Time: 2 minutesThe largest financial institutions from around the world are interested in cryptocurrencies like Bitcoin but the largest bank in the Philippines, UnionBank, recently showed that it is ready to take the next step by showcasing the cryptocurrency miners it already has. In the country, Bitcoin is legal tender so if a bank starts mining it, … Read more
Reading Time: 2 minutesThe Chinese Ministry Of Industry And Information Technology released its official blockchain ratings on May 17. The rankings were based on 3 criteria: innovation, application and technology. You can take a look at the rankings below. Surprises According to the Chinese government, Ethereum is the very best blockchain network in the entire world. This is … Read more
Reading Time: 2 minutesRussia is now working on a bill that is related to digital currencies as a whole. The country’s State Duma Committee on State Construction is expected to discuss cryptocurrencies and other topics but according to internal sources, digital currency will not be officially recognized as a legitimate payment method. President Vladimir Putin was quoted in … Read more
Reading Time: 2 minutesA high ranking official from the Azerbaijan Tax Ministry declared that cryptocurrency transaction gains are going to be taxed in the country. The authorities want to tap into both personal incomes and corporate profits. In the past we saw a highly conservative stance when referring to cryptocurrencies but now Baku wants to put a focus … Read more
Reading Time: 2 minutesThe number of ransomware attacks reported is constantly rising and many actually blame Bitcoin because of the fact that hackers often use this payment system as they engage in criminal activities. The problem is that Bitcoin is not the only very popular cryptocurrency used in these attacks. We do not condone any type of hacking … Read more
Reading Time: 5 minutesOne of the problems most people have as they start learning about cryptocurrencies is that they do not understand terms used. It is really easy to be confused when you see most of the crypto terms listed below. We are looking at new technology so most of the terms are not common in day-to-day use. … Read more
Reading Time: 3 minutesChoosing a cryptocurrency exchange is all about analyzing various important factors. They are presented below. Remember that the best cryptocurrency exchange for a person is not necessarily the best one for you. It is important that you conduct your own research and you choose what is best for you. Basic Considerations Currency support – you … Read more
Reading Time: 2 minutesAccording to GP Bullhound, we are bound for a 90% correction for bitcoin and various other cryptocurrencies, all during what was labeled as being a “mass market wipeout”. It was added that this market correction is going to decimate virtual currencies, with survivors being faced with a huge value growth. Sebastian Markowsky, GP Bullhound director, … Read more
Reading Time: 2 minutesCoinMarketCap is a highly popular cryptocurrency market data website that did have one problem: no real mobile access was available through a mobile application. This recently changed thanks to the release of its mobile app. After an official press release issued on Tuesday, users became aware of the availability of the app. Unfortunately, the mobile … Read more
Reading Time: 2 minutesThe US Federal Trade Commission (FTC) announced that it wants to host a workshop that will talk about cryptocurrency fraud and scams in June, 2018. The name of the workshop will be “Decrypting Cryptocurrency Scams”. According to a press release by the agency, the workshop is going to feature stakeholders coming from consumer advocacy groups, … Read more
Reading Time: 2 minutesKevin Abosch, photographer and conceptual artist, just sold “Yellow Lambo”, a blockchain-inspired artwork, for more money than the actual starting price for a Lamborghini, $400,000. This work was inspired by #lambo, the hashtag often used on cryptocurrency forums. Abosch became famous in 2016 as he managed to sell a photograph of a potato for over … Read more
Reading Time: 2 minutesTaiwan joins the list of countries that are set to introduce highly defined regulations affecting cryptocurrency use. New regulations are created with the purpose of fighting money laundering. We always knew that the nature of cryptocurrency will draw in some shady users that will want to use blockchain technology in illegal activities. Fortunately, this is … Read more
Reading Time: 2 minutesFoxbit, a really popular cryptocurrency exchange in Brazil, just revealed the fact that through the BlinkTrade platform, the login process was updated so user safety is increased. This is an update that was really necessary but it does seem that it came too late. According to various reports, the company had poor security that allowed … Read more
Reading Time: < 1 minuteElectricity theft allegations led to various Bitcoin miners being arrested in 2 cities in China. The first situation was that in which 6 people were arrested in Tianjin. Reports say that they used 600 miners in order to generate Bitcoin hashrate power. Electricity was stolen from the power grid. Police say they managed to avoid … Read more
Insert your email signup form below
[insert e-mail subscription form]