Monthly Archives: August 2019

With each passing day, Craig S. Wright’s reputation continues to take a bigger beating. This time around, a Florida court has found the self-proclaimed inventor of Bitcoin (BTC) to be guilty of not only submitting false documents as part of an earlier testimony but also lying about a legal dispute (related to the estate of…

Following integration with major cryptos, South Korean tech giant Samsung expands the coins supported by the Galaxy S10 device with three stablecoins.According to a U.today report on Aug. 30, Samsung’s new flagship smartphone now supports three stablecoins, including TrueUSD (TUSD), Maker (MKR) and USD Coin (USDC).33 cryptos totally supportedAdditionally, Samsung Galaxy S10 now reportedly supports…

High net-worth individuals (HNIs) in India are more likely to invest in Bitcoin than other cryptocurrencies, according to a new Huru India survey, FinancialExpress reported on Aug. 30.Digital currencies were the fourth most preferred asset overall, although almost half of the respondents didn’t know what cryptocurrencies are.One tenth of wealthy Indians plan to invest in…

Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He also confirmed previous rumors that Venus will be primarily…

Fraudsters in Winnipeg, Canada, have targeted Bitcoin ATM users in the city by simply sticking a poster on the machine. Police issued a warning on Aug. 29 that following the instructions on the poster will lead to an irretrievable loss of their Bitcoin.Low-tech hack attackEven with a digital currency like Bitcoin, security ultimately lies in…

Bitcoin (BTC) price climbed back above $9,500 on Aug. 30 as the largest cryptocurrency continued to grapple with the fallout of this week’s sudden losses.Market visualization. Source: Coin360Bitcoin traders brace for return to $8KsData from Coin360 showed BTC/USD staging a modest recovery on Friday, reaching daily highs of $9,590. Markets had slid dramatically a day previously,…

All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics.As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a factor that depresses the profitability of mining — there’s still more money in the game for miners than ever before. Bitcoin miner…