Swiss Court Orders Bitcoin Mining Startup to Shutdown
Bitcoin News

Swiss Court Orders Bitcoin Mining Startup to Shutdown

The Bitcoin mining startup Envion AG has been ordered by a Swiss court to close due to poor corporate governance. In January, the startup managed to raise $100 million in an initial coin offering (ICO). But a series of disputes have resulted in a corporate failure, putting a stop to …

Russian Economy Minister Comments On Bitcoin
Bitcoin News

Russian Economy Minister Comments On Bitcoin

The cryptocurrency space, in spite of its turbulence, has been a subject which drives significant international interest in a great number of projects in new fields, chiefly blockchain technology. In an investment forum, Russia Calling, organized by VTB Capital, the Russian Economy Minister, Maksim Oreshkin has said that despite Bitcoin’s …

Crypto CEO Scams Investors Out of $4 Million
Crypto Scam

Crypto CEO Scams Investors Out of $4 Million

The CEO of AriseBank was taken into custody by the FBI for stealing over $4 million from hundreds of investors. The cryptocurrency scheme that was launched by AriseBank was a shady cryptocurrency scheme that faked the promise of brand name credit cards and federally insured accounts. Jared Rice Sr., the …

Nasdaq Plans 'Bitcoin Futures 2.0' Rollout
Bitcoin News

Nasdaq Plans ‘Bitcoin Futures 2.0’ Rollout

The American Stock exchange, Nasdaq, plans to roll out bitcoin futures by early 2019 in a partnership with investment management company VanEck. According to VanEck’s director of digital asset strategy, Gabor Gurbacs, both companies will work together to create various cryptocurrency products, including a “regulated crypto 2.0 future-type contract.” In …

Blockchain Technology's Potential Impact on Global Trading
Blockchain News

Blockchain Technology’s Potential Impact on Global Trading

According to a report released by the World Trade Organization (WTO), the usage of blockchain technology can have a major influence on international trading. As per the study, it is likely that the economic value-add of blockchain on a global scale could touch a $3 trillion mark by 2030. Different …

Bitcoin's Value Struggles For Stability | Coindelite News
Bitcoin News

Bitcoin’s Value Struggles For Stability

After a vicious week for the cryptocurrency market, the value of bitcoin and other cryptocurrencies climbed up on Monday. According to Coindelite’s Price Chart, the costliest cryptocurrency in the world leveled up to $4,000 late Sunday. The price of Bitcoin was as low as $3,447 on Sunday. However, later in …

UK’s FCA Monitoring 50 Firms Over Crypto Regulations
Cryptocurrency News

UK’s FCA Monitoring 50 Firms Over Crypto Regulations

The financial regulatory authority in the United Kingdom has been keenly observing cryptocurrency businesses that are running unlicensed operations. This news was reported by The Telegraph on November 26th. The Telegram invoked the Freedom of Information request to the Financial Conduct Authority (FCA), saying that 50 entities are offering financial …

Cryptocurrency is Here to Stay - Edward Snowden
Cryptocurrency News

Cryptocurrency is Here to Stay – Edward Snowden

Edward Snowden, ex-CIA employee, and whistleblower has now taken the chance to share his thoughts on Bitcoin. Snowden has said that the flagship cryptocurrencies might face difficulties in the future. He says that Bitcoin might lose its relevance, while altcoins will become increasingly important. This news was a result of …

Reporter Could Face 20 Years in Jail If Convicted
Crypto Scam

Reporter Could Face 20 Years in Jail If Convicted

A former New York Times journalist has been found to be the mastermind behind a multimillion-dollar scam. Jerry Ju Guo, a 31-year old graduate from Yale University was arrested by the police in Puerto Rico on grounds of wire-fraud. It is speculated that Guo ripped start-up out of $3.5 million. …

Crypto Miners Sold By the Kilo in China
Crypto Mining

Crypto Miners Sold By the Kilo in China

The mining operators in China are selling off their hardware by weight instead of per unit price. This is due to the bearish run of the cryptocurrency market, which has observed another steep drop in the price of Bitcoin and other cryptocurrencies. The news about this selling off was reported …