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Two men were recently arrested in Tokyo, Japan on suspicion of stealing as much as $700,000 in bitcoin funds.Bitcoin Theft Is a Little Too CommonThe culprits are named Yuto Onitsuka and Takuma Sasaki. Both men are in their 20s. They have been charged with computer fraud and “siphoning-off” digital funds from a financial firm that Onitsuka was previously employed with. The firm allegedly delved in bitcoin investment strategies and both accessed the money using Onitsuka’s login credentials....

Bitcoin Gold (BTG) was victimized over the weekend when malicious miners overtook its blockchain as a means of performing a 51 percent attack.A 51 Percent Attack Can Be Very DangerousThe miners saw to it that approximately $72,000 in BTG funds were double spent. This is money in their pockets after they gained control of the network’s hash rate. They performed two separate attacks on the network; the first saw them net gains of approximately $19,000 while the second earned them more than...

Syscoin, which launched in 2014 as one of the earliest pioneers of ICO fundraisers, has announced the launch of the Syscoin Bridge protocol, allowing ERC20 tokens to move from the Ethereum network into the Syscoin ecosystem. For network users who wish to take advantage of the newfound interoperability, block 348,000 on the Syscoin blockchain will provide the first opportunity.The pitch from Syscoin is for a decentralized, secure, low fee blockchain with high transaction throughput –...

Twitter and Square CEO Jack Dorsey has always been friendly towards bitcoin. In a recent interview, he says that he thinks the currency will soon be as “common as cash.”Dorsey Believes BTC Is the Future of FinanceThis rings in with a statement he made in the year 2018. The entrepreneur stated to CNBC that bitcoin, within a period of ten years, was likely to become the world’s “single” currency, meaning all other forms of crypto and fiat would become obsolete. This is an ambitious notion for a...

Today Bitcoin price has reached the levels over $9,150. The coin moved within a strong bull trend and reached an intraday high of $9,164.Bitcoin managed to stay in the green zone, despite correction from a recent high on the level of $9,149. The market value fluctuates at a $9,128 level. After an increase of around 2% per day, Bitcoin’s prevailing daily trend is slightly bullish, while volatility levels suggest that further action will be prone to decline.Over the past few days, the bulls...

The global financial market is currently having a terrible time because of the coronavirus. Because there is no control of the virus just yet, the consequent uncertainty is having a terrible effect on the stock market and the global business sector. Yesterday, Coinspeaker reported a crash in global stock markets, specifically with futures on the Dow Jones, Nasdaq, and the S&P 500. A recent eToro note, however, shows that things might be a bit worse.Highlighting Coronavirus Effects on...

Dubai Multi Commodities Centre (DMCC), a Dubai government-backed entity has teamed up with Switzerland’s Crypto Valley Venture Capital to establish a cryptocurrency valley in the free zone of the country where there are no personal, corporate or withholding taxes,  according to reports revealed on January 27, 2020.Cryptocurrency continues to gain more grounds in the digital world. The United Arab Emirates (UAE) is set to witness a massive development and a new Dubai Bitcoin exchange is a...

Dutch multinational conglomerate Philips is planning to review its portfolio as per the latest reports. On Tuesday, Bloomberg reported that Philips is considering the sale of its Home Appliance Unit Royal Philips NV.This domestic appliances division of Philips registered $2.6 billion sales last year selling coffee machines, air purifiers and air fryers. While reviewing its future options, Philips said that carving out this business from its portfolio will take another 12-18 months.Philips CEO...

Apple Inc. is looking to sell a lot more iPhones this year than it did in 2019. According to reports, the tech giant has already placed an order for 80 million different units of the iPhone for the first half of 2020 alone.Apple to Ship More iPhone Units in 2020Citing a Nikkei story, Bloomberg reports that Apple hopes to have 80 million iPhone units by the end of June 2020. The report states that this number is already 10% higher the number the company put out last year.The report also...

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the...