Tag Archives: News

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...

We’re just a few days into the new year, and bitcoin is continuing to show signs of depreciation.Bitcoin Continues to Head SouthThe currency remains a popular investment, but bitcoin’s price has started 2020 out with a few significant nosedives. The currency has fallen (once again) below the $7,000 line, and many are wondering if the year will continue to take bitcoin on a whirlwind of drops.While it’s probably too early to tell, 2020 is simply continuing the trends set forth by the previous...

Bitcoin may be down, but it’s still given users a lot of happiness.Bitcoin Has Outdone All Other InvestmentsPer one source, the currency has risen by more than nine million percent over the past ten years. The 2010s were an up-and-down decade. Many were recovering from the Great Recession that had occurred roughly two years earlier, and several people in the U.S. who had worked in the manufacturing industry were stuck looking for new jobs given that the country had shipped many of its...