Crypto news

Fans of boxing champion Manny Pacquiao have reason to celebrate this week. The star is launching his PAC token on the Sparkle IEO platform of the GCOX exchange. Pacquiao, who is currently the reigning world welterweight champion, announced he would be launching his own token back in September. The IEO is running over three days starting November 12, after which the token will be listed for trading on GCOX.PAC is the first such “celebrity token” and the latest entrepreneurial effort from the...

Russia, China, as well as the other members of the international group of emerging nations BRICS, which include India, Brazil, and South Africa, plan to create a cryptocurrency designed for payment settlements.BRICS Contemplating A CryptocurrencyBRICS is an international group of emerging nations that includes some of the world’s most prominent economies. Namely, these are Brazil, Russia, India, China, and South Africa.According to popular Russian media, during the business council of the...

Two men have been charged with carrying out a nationwide cyber scheme. The U.S. DOJ alleges the men stole, or tried to steal, more than $550,000 in cryptocurrencies. The case comes in the wake of an uptick in cybercrime. Two Massachusetts men were arrested on Thursday and charged with carrying out a nationwide scheme to steal people’s social media accounts and their cryptocurrency. According to the U.S. Department of Justice (DOJ), Eric Meiggs, 21, and Declan Harrington, 20, targeted at...

Blockchain took it on the chin this week as several big names in the industry speculated that the technology that underpins Bitcoin and other cryptocurrencies has been over-hyped. Meltem Demirors, CIO of CoinShares Group, even went so far as to declare blockchain “dead.”Don’t Start Eulogizing Blockchain Quite YetDemirors, along with more than a thousand enthusiasts, investors, financial managers, regulators, and other movers and shakers in the crypto space, were on hand at this year’s Invest:...

SEBA, a cryptocurrency bank based in Switzerland, has announced that it is now authorized to handle both traditional fiat currency as well as digital money like bitcoin (BTC) and Ethereum (ETH).SEBA Offers Both Traditional Money and CryptoCustomers can open accounts with the bank as a means of storing both their traditional funds and their cryptocurrencies. Clients of SEBA typically rank as asset managers, private investors and corporate businesses.Switzerland is one of the most prominent...

Place/Date: - November 14th, 2019 at 8:39 pm UTC · 2 min read Contact: Credits , Source: Credits As previously reported, Mina Stones and Credits entered into a partnership agreement involving the introduction of innovative blockchain technology into the current African gem supply chain. The solution helps to eliminate potential vulnerabilities by providing complete transparency and the ability to track and validate ongoing processes.An updated version of the supply chain from the mine...

Coinbase CEO Brian Armstrong has been honored by Time magazine in the inaugural TIME 100 Next list. Four crypto and blockchain startups appeared in the 2019 CNBC Upstart 100. Startups featured on the CNBC list must have raised $50 million or less in VC funding. This has been a good week for individuals and startups in the crypto and blockchain space. Within a span of hours, players in the sector have been recognized by two mainstream media organizations – CNBC and Time magazine – over their...

It seems like Ponzi schemes and fraud are a recurring event in the cryptocurrency space, and one exchange in South Korea known as Coin Up is the latest venture to allegedly try its hand at stealing people’s crypto.Coin Up: A Wolf In Sheep’s ClothingThe CEO of Coin Up, as well as several additional executives who worked with the company, have been found guilty in a Korean court of defrauding users out of nearly $385 million in digital currency funds. All those tried have been given sentences...

Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States.On Tuesday, November 12, during an interview with Reuters, Revolut CEO and co-founder Nikolay Storonsky said:“We want to raise at least $500 million in direct equity and potentially, maybe at a later...

While blockchain technology is promoting ground-breaking innovations across the spectrum, the sheer number of platforms and complexity in using their services continue to be a roadblock for many users.Mass adoption is very difficult to promote around the world without ease of access for everybody who wants to work in the space. While cryptocurrencies provide everyone with an alternative choice, a mass contact movement is always required to appeal to people and get them in the mood for a real...