Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16.
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Coinbase may face years-long court battle with SEC, CEO warns: Report
At a London fintech conference, CEO Brian Armstrong disclosed that Coinbase might consider leaving the U.S. due to the lack of regulatory clarity in the country. 77 Total views 3 Total shares Own this piece of history Collect this article as an NFTUnited States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle…

Ethereum Foundation Announces Annual Funding, Next Devcon Location
The Ethereum Foundation is planning to spend $30 million on different projects across the ecosystem over the next 12 months, the company’s executive director Aya Miyaguchi revealed at the ConsenSys’ Ethereal Summit on May 10.In the course of the next year, the Foundation is going to allocate funds for improvement of Ethereum’s performance and security,…

Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail
A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from Bitcoin (BTC) to Monero (XMR) to better protect the hackers’ identities.According to an April 11 report by cybersecurity news outlet BleepingComputer, using Monero will make it harder for law enforcement to…

Blockchain Firm Helps Congo Mine to Fight Against Blood Diamonds
Berlin-based blockchain company, RCS Global delivers mine-to-market technology solutions to help fight against conflict minerals in the Democratic Republic of Congo.Not part of a blood-stained supply chainOn Oct.1 Reuters reported that government officials in the Societe Miniere de Bisunzu’s (SMB) mine in Congo are using blockchain technology to assure its clients that the minerals they…

Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets
"My Bitcoin was taken. How?" A Reddit user thought they were following best practices until two days ago when their Bitcoin wallet was completely cleaned out. 544 Total views 7 Total shares A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the…

Crypto Investment Firm’s Revenue Reaches Record $330 Mln in 2018, Despite Bear Market
Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market.In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought…

GitHub users respond with ‘Bitcoin bill’ idea to Gillibrand-Lummis bill
The senators seek comments from industry stakeholders, consumers and interested parties. 310 Total views 11 Total shares Now every interested user has a chance to leave their mark on a crypto bill that could define the industry guidelines in the United States in the near future, the Responsible Financial Innovation Act (RFIA). The document was…

South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June
Ground X, the blockchain arm of South Korean internet giant Kakao Corp, has announced the launch date of its own blockchain platform, a Cointelegraph correspondent learned at Consensus 2019 on May 13.Per the announcement, the Klaytn mainnet will launch on June 27, 2019, and will purportedly be a major driver of blockchain adoption in the…