Tag Archives: News

Oh, President Maduro – when are you going to learn that the only person who seems genuinely interested in the Petro currency is you?! When are you going to see that nobody in Venezuela or abroad gives a hoot about your failed digital asset?The Petro Is Still Being Pushed, Now in Questionable WaysUnwilling to accept reality, Nicolas Maduro – president of Venezuela – is continuing to push a Petro-backed agenda, saying that his country will now sell both gold and oil for Petro units. So here,...

Darn it! China was doing so well, too. Following all the hype and hoopla about China finally saying “yes” to bitcoin mining, it seems the country doesn’t have enough electricity to provide for all the new operations.China Says, “Slow Things Down!”China recently announced that all cryptocurrency mining activity would be legal within its borders. This was a big deal considering the country’s strained relationship with bitcoin and its altcoin cousins. For one thing, regulators were long debating...

Following an air strike from the United States that killed one of Iran’s top generals, the price of bitcoin shot up by roughly $400 in mere minutes. While the crypto community has taken note of the spike, some sources are falsely reporting that bitcoin is becoming a bigger deal in Iran – so big, in fact, that it’s jumped all the way to $24,000 per unit, but this isn’t quite true.Iran Has Seen An Increase in Crypto ActionCrypto experts are saying that this is due to a big misunderstanding...

U.S. cryptocurrency exchange Poloniex has suffered a data leak and is enforcing a mandatory password change for all its users to prevent hackers from gaining access to their accounts.Poloniex Is Warning All Its UsersThis seems to happen a lot in the crypto world. Either it’s people’s money that’s vulnerable, or it’s their private data. Either way, it looks like Poloniex has put out a message to all its customers demanding that they change their passwords immediately to prevent cyberthieves...

Another alleged bitcoin expert is striking the industry with his lavish predictions for the currency’s price. Antoni Trenchev – the head of BTC lending platform Nexo.io – says that 2020 will be the year in which bitcoin hits approximately $50,000.Antoni Trenchev: BTC Is Quite the AssetEveryone has rushed forward with their bitcoin predictions, including convicted drug runner Ross Ulbricht, Ethereum co-founder Charles Hoskinson and venture capitalist Tim Draper, and by comparison, the...

Credit cards and cryptocurrency are becoming one, and several exchanges and blockchain-based companies have sought to release their own crypto-backed credit and debit cards. The latest company to announce such a project is Block Fi, which says it will launch a new bitcoin rewards credit card later this year.Block Fi to Issue BTC Rewards Card2020 is proving to be something of a mixed period for bitcoin. While the currency started out the year at well over $7,000, it quickly dropped during...

It’s the very first week of 2020 and we are having a big-bang announcement from tech giant Samsung. The Korean tech giant has announced a ‘Lite’ version of its two flagship handset – Galaxy Note 10 and Galaxy S10.While carrying its flagship ballpark, both these handsets cater to the needs of users looking for mid-range devices. Both these new versions will restore some of the key features of the flagship models. This includes the Signature S Pen, the latest camera technology, long-lasting...

Snap Inc, the parent company of multimedia messaging app Snapchat, has acquired Ukraine-based startup AI Factory. This computer vision startup is the same company that has worked on creating Snapchat’s Cameos feature.AI Factory’s company profile shows that it provides several artificial intelligence business solutions for “image and video recognition, analysis and processing” . Thus, the Cameos feature also works on the same image and video processing technology developed by the company.The...

 AMF ( ‘Autorité des marchés financiers) is the authority for financial markets there granted ICO approval earlier this week. It gave the approval as conditional based on certain factors. The authority gave its approval based on certain conditions. These conditions tally with standard best practices the world over. It also demonstrates the need for simplistic rules for the activities within the cryptospace. The new rules are to ensure the security of the digital assets to be issued, effective...

As we’ve mentioned in the past, bitcoin does not – and cannot – appeal to everyone, and now we can add another angry doubter to the growing list of skeptics.Bitcoin Doesn’t Please EveryoneThe latest person to say “no” to bitcoin is Tendayi Kapfidze, a chief economist at Lending Tree. He recently referred to bitcoin in negative terms, calling it a “pyramid scheme” that invokes questionable means of making money for its investors.He stated:It’s a pyramid scheme. You only make money based on...