Karan Balwani

Karan is a writer who shares an undying passion for technology, books and pets. For the past 7 years, he has worked in Business Development and PR before discovering his love for the written word. He regularly posts on his blog (www.k4b6.com) and is working on his debut novel.

Cryptocurrency Startup Hacked - Loses 13.5 Million Dollars
Cryptocurrency News

Cryptocurrency Startup Hacked – Loses 13.5 Million Dollars

Bancor, the cryptocurrency conversion platform from Israel reported that the platform was victim to a security breach. This lead to the theft of over $13.5 million worth of digital tokens. $12.5 million dollars worth of Ethreum was stolen and $1 million worth of Pundi X tokens were stolen. Ethereum lost …

Smartphones Are the Best Way to Use Cryptocurrencies - Samsung
Cryptocurrency News

Smartphones Are the Best Way to Use Cryptocurrencies – Samsung

Cryptocurrency thefts are on the rise. In fact, there has been at least $761 million lost in scams and cyber crimes in 2018 so far. Blockchain security has been a major concern as of late. According to the tech giant Samsung, smartphones are the most secure way to store your …

Donald Trump's Fake Twitter Account Stealing Cryptocurrencies
Cryptocurrency News

Donald Trump’s Fake Twitter Account Stealing Cryptocurrencies

Even though Donald Trump has made plenty of absurd comments over Twitter. This continued even when he was elected the President of the United States. Given his track record, its easy to believe that Trump would be offering Bitcoins to his readers, though this could not be more further than …

Brazilian Crypto Exchange Wins Court Battle Against Bank
Cryptocurrency News

Brazilian Crypto Exchange Wins Court Battle Against Bank

Walltime, the Brazilian cryptocurrency exchange won a court case against Caixa Economica Federal bank. As a result, the bank is forced to unfreeze the exchange’s account to release funds amounting to $200,000. According to Portal do Bitcoin, a local news outlet, Walltime was able to win the preliminary injunction. This …

Employee Makes Billions by Secretly Mining Bitcoin on Office Computers
Crypto News

Employee Makes Billions by Secretly Mining Bitcoin on Office Computers

An office worker used office computers to secretly mine Bitcoin during off hours. Sergey Solonin, an ex-IT manager for Qiwi, the Russian firm was able to mine around 500,000 Bitcoins using surplus computer capacity when the offices were closed overnight. Qiwi is a Russian payment service provider which is a …

Steam Removes Abstractism from the Store Following Crypto Mining Allegations
Crypto Mining

Steam Removes Abstractism from the Store Following Crypto Mining Allegations

There has been an increasing number of incidents of cryptojacking lately. Companies like PirateBay and CBS’s Showtime have been guilty of exploiting crypto mining software to secretly mine cryptocurrencies on users’ computers. Last September, the game company Valve corporation removed 200 fake games from Silicon Echo Studios. These games were cheaply …

McDonalds is Not Launching a Cryptocurrency Despite the Rumors
Cryptocurrency news

McDonalds is Not Launching a Cryptocurrency Despite the Rumors

McDonald announced on Sunday the unveiling of the MacCoin. The business world thought this to be the fast food giant’s venture into the world of cryptocurrency. It turns out that MacCoin is actually not an alternative to Bitcoin. Instead, it as a value coupon that can be redeemed for a …

According to studies Only 5% of UK Investors Make a Profit in Cryptocurrencies
Cryptocurrency news

According to studies Only 5% of UK Investors Make a Profit in Cryptocurrencies

The poll was carried out by IW Capital, a UK based SME investment firm. The poll consisted of 2007 Britain citizens on cryptocurrency. The results were then shared with The Daily Express. The poll uncovered findings that 38% of Britons still do not understand virtual currencies at all. It also …

DMG Blockchain Solutions Expanding Mining Capacity in Vancouver
Crypto mining
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DMG Blockchain Solutions Expanding Mining Capacity in Vancouver

DMG Blockchain Solutions Inc. has announced that it is under the process of installing an additional 85 MegaWatt (MW) substation in Vancouver, Canada. This move is enacted as a part of the company’s expansion plan. The new capacity transformer and an electric substation will directly be connected to the power …

Vietnam Banning Use of Cryptocurrencies Across the Country
Cryptocurrency news
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Vietnam Banning Use of Cryptocurrencies Across the Country

Several Asian countries are pushing back against the use of cryptocurrencies to protect the interests of the state. Vietnam is taking this to an elevated level. Almost all crypto-related activities have been banned by the State Securities Commission. This move did not come as a surprise, in fact, it was …