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European bitcoin exchange 2gether hacked for $1400000

WARNINGS

Tuesday, 4 August, 2020 at 04:35 GMT
Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user private keys. ...
Ethereum’s 5th anniversary

INDUSTRY

Monday, 3 August, 2020 at 09:31 GMT
Last week, the Ethereum blockchain platform celebrated its fifth anniversary. Ethereum has seen incredible adoption and is an integral part of the crypto space. The plarform is now taking its first steps towards leaving behind the Proof-of-Work (PoW) blockchain network it...
The impact of inflation on crypto adoption

INVESTIGATIONS

Sunday, 2 August, 2020 at 05:36 GMT
By simple definition, inflation is an increase in the price level of a selected basket of goods and services produced in an economy. The inflation rate is a concept that measures the percentage change in the prices over a certain period of time. Inflation impacts the purchasing...
How blockchain is changing the job market

INVESTIGATIONS

Friday, 31 July, 2020 at 05:37 GMT
Blockchain technologies have enabled job creation across many industries. Even more interesting, however, is the scalability of jobs enabled by blockchain technology, specifically within the gig economy. Blockchain industry growth and potential Today blockchain and cryptocurren...
Here’s what bitcoin’s rising correlation with gold means

INDUSTRY

Thursday, 30 July, 2020 at 05:14 GMT
The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world’s largest crypto hovers just over $11k, it was also moving close to the precious monetary metal – gold. ...
How to start thinking about investing in digital currency

INVESTING

Wednesday, 29 July, 2020 at 05:06 GMT
There are a few business models that completely fit the product. IBM is a genuine case of a tremendous organization that shows up as a tech business, yet truly is a consulting firm that simply happens to deal with technology. The winning digital currency may not be chosen on...
Us regulator authorises national banks to offer crypto custody

INDUSTRY

Wednesday, 29 July, 2020 at 04:56 GMT
The Office of the Comptroller of the Currency (OCC), an independent bureau within the United States Department of the Treasury, has given the green light for U.S. national banks and federal savings associations to keep cryptographic wallet keys. The official announcement states...
A us citizen pleads guilty for operating an illegal bitcoin atm

INVESTIGATIONS

Tuesday, 28 July, 2020 at 07:02 GMT
A Californian man has pleaded guilty to three counts of federal charges in connection with operating an illegal cryptocurrency money services business. Authorities said the business processed close to $25 million, with much of it being the proceeds of illicit activities. The...
Americans to receive a second stimulus check amid the surging pandemic

INVESTING

Monday, 27 July, 2020 at 09:17 GMT
The US residents who invested their first stimulus checks in Bitcoin have seen a 45.5% return, from $1,200 in April to roughly $1,746 at the time of writing, when the leading cryptocurrency is surging past $10,200. Now the US residents are set to receive the second stimulus check...
Ripple xrp top poll of blockchain prepared to work with banks

INDUSTRY

Sunday, 26 July, 2020 at 04:27 GMT
The prominent San Francisco-based blockchain company, Ripple, has made remarkable progress in a recent poll launched by Oracle Manager and Ex-Forbes employee, Sarah Austin, inquiring the opinion of people on which blockchain technology is most prepared to work with banks for the...

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