UnitedCorp Suing Bitmain, Kraken, Bitcoin.com, and Roger Ver For Colluding To Take Over Bitcoin Cash Network For Personal Gain

December 6, 2018  /  by Zachary Mashiach
UnitedCorp has launched a lawsuit in the United States District Court for the Southern District of Florida against global cryptocurrency mining powerhouse Bitmain, the Kraken cryptocurrency exchange which has hundreds of millions of USD of daily trading volume, Bitcoin.com which runs a popular news website and mining pool, and the CEO of Bitcoin.com, Roger Ver… Read more

Will the US Gov Crack Monero (XMR) or Zcash (ZEC) Privacy Features? They’re Launching a Competition to Find Out

December 5, 2018  /  by Zachary Mashiach
In the near future Monero and Zcash will find out if they can withstand the full pressure of the United States government. The Department of Homeland Security’s Small Business Innovation Research (SBIR) Program, which is comprised of the Countering Weapons of Mass Destruction Office and Science and Technology Directorate has issued a pre-solicitation announcement regarding… Read more

Bitcoin Mining Difficulty Sharply Drops as Hash Rate Continues to Fall

December 4, 2018  /  by Angel Reyes
The past few months have seen significant drops in Bitcoin’s hash rate since peak in August. Undoubtedly a result of imploding prices forcing less stable mining operations to close doors, the declining hash rate creates controversy regarding specialized mining rigs and the state of the crypto market. Bitcoin itself is not directly affected by the… Read more

Dogecoin (DOGE): The Shiba Inu Meme That Turned Into A Major Cryptocurrency

December 4, 2018  /  by Zachary Mashiach
Atsuko Sato adopted a Shiba Inu from an animal shelter, and eventually took the famous Doge picture in 2010. The picture itself is entrancing, something like a hybrid between the Mona Lisa and a disturbed Shiba Inu. It is impossible to tell what exactly the shibe is thinking, leaving people open to interpret its thoughts.… Read more

Aztec Protocol Finalizes Zero Knowledge Proof Smart Contracts

December 3, 2018  /  by Angel Reyes
In an exciting release, Aztec Protocol’s development team announces the successful implementation of “smart contracts that employ zero knowledge proofs” allowing privacy coins like Monero and Zcash to run as Ethereum Smart Contracts. Proclaimed the “holy grail of currencies” in a tweet by Alex Van de Sande, the protocol disguises the value of transactions by… Read more

Irony Alert: Deutsche Bank Raided for Money Laundering After Claiming Bitcoin a Criminal Haven

November 30, 2018  /  by Angel Reyes
Just before 9 a.m. on Nov. 29, German officials raided Deutsche Bank headquarters in Frankfurt on suspicion of money laundering. Two employees in particular are the focus of the investigation, and they are allegedly have not reported transactions in excess of 311 million euros or $350 million. A 5 percent fall in the bank’s stock… Read more

Dong’s Big $50,000 Bitcoin Price Prediction Drives Crypto Higher…Ethereum, Litecoin and Others Follow

November 29, 2018  /  by Cathy Zollo
Chinese crypto billionaire Zhao Dong offered up an optimistic Bitcoin price prediction this week, and it’s no coincidence that a stampede of buying followed. That’s because Dong has the chops to talk about price in a way that few others can. He lost big money in the Mt. Gox fiasco, and in 2014, he lost… Read more

World Trade Organization Reports Potential $3 Trillion Blockchain Value for International Trade

November 28, 2018  /  by Angel Reyes
Trust in an international system is necessary to maintain functional interactions and trade. A recent World Trade Organization report on blockchain has determined its capability to provide transparency and tamper-proof solutions to international trade. The report, titled “Can Blockchain Revolutionize International Trade?” assesses the value added to global trade systems by blockchain to surpass $3… Read more

Class Action Lawsuit Targets Bitmain for Alleged Unauthorized Mining

November 27, 2018  /  by Angel Reyes
Bitmain, the cryptocurrency mining titan, has been facing a lot of controversy lately in the wake of the Bitcoin Cash catastrophe. This time, the spotlight is fully on the company because a class action lawsuit has been filed in California. Facing $5 million in charges, Bitmain’s U.S.- and China-based operations are accused of using customer… Read more

Pure Bit ICO Returns Investor Funds After Exit Scam

November 20, 2018  /  by Angel Reyes
It was the classic case of an Initial Coin Offering (ICO) turning into an exit scam. Founders of Pure Bit, a Korean cryptocurrency exchange, are guilty of running off with 16,000 ETH (worth approximately $1.8 million today) after raising money for their Pure Coin ICO. The ICO was to take place until November 30, but… Read more