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Tag Archives: Industry News

Binance Announces Expansion to Europe’s ‘Blockchain Island’

It has been quite a week for the world’s largest cryptocurrency exchange. The scare with Japanese regulators was eventually dismissed as FUD with CEO Zhao Changpeng taking to Twitter to call out ‘irresponsible journalism’. A more notable development though has been the recent announcement that the exchange is expanding into Europe. A Maltese Move for […]

Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September

Over the past several days Bitcoin has experienced a large drop in value. The entire market has followed this trend, with Ethereum, Bitcoin Cash, and Ripple all declining by similar margins. Analysts have attributed the recent fall to a massive sell-off of almost 40,000 Bitcoin by a Mt. Gox trustee. Mt. Gox Sell-off Tokyo-based cryptocurrency […]

Lackluster LitePay Launch Leads to Litecoin Lag

News on new partnerships, technology, or services for a specific cryptocurrency usually does wonders for its price action. Yesterday was the launch of Litecoin payments provider LitePay and as expected LTC prices were bullish throughout the day. Today has been the complete opposite as the long awaited service failed to impress, or offer what was […]

Colorado Department of Transportation, CDOT, Completely Offline After Ransomware Virus

Employees at the Colorado Department of Transportation (CDOT) spent the second day offline today, while security officials — including the FBI — continue to investigate a ransomware virus that hijacked computer files and demanded payment in Bitcoin for their return. According to Amy Ford, a CDOT spokeswoman, only employee computers running Windows and equipped with McAfee […]

Long Blockchain Struggling: Nasdaq Issues Delisting Notice

Long Blockchain, the company formerly known as Long Island Iced Tea, has announced a new CEO and plans to spin off its original iced tea business. But there’s a problem: According to company’s balance sheets, it has no income or assets related to blockchain or cryptocurrency. Long Blockchain has been attempting to rebrand itself — […]

Facebook to Ban Cryptocurrency Related Ads, For Now

Facebook is banning all advertisements for cryptocurrencies, including Bitcoin and initial coin offerings (ICOs), as part of an “intentionally broad” policy against deceptive marketers. Social media giant Facebook has unveiled a new policy that bans advertisements involving cryptocurrencies like Bitcoin and Initial Coin Offerings (ICOs), a popular funding tool used by many new startups. Today, […]

Major Chinese Exchange Platform Looks Towards International Market

One of China’s largest cryptocurrency exchanges has been bought by an unnamed Hong Kong investment group. According to a statement by BTCC today, the buyout aims to help develop an international facing platform, expanding the company’s remit outside of China. Senior Vice President of BTCC Mining Pool, Denver Zhao, said:  “We now have the resources […]

Mining Malware Abuses Google Ads and YouTube

Internet monopolies are easy to manipulate it seems. Especially if they are ad revenue driven and don’t really care who or what is advertised. Both Google and Facebook have been a hotbed for scams, phishing websites and malware recently, especially those involving crypto mining. Cyber security researchers Trend Micro have discovered a surge in Coinhive […]

Katy Perry Joins Cryptocurrency Celebs Club

Crypto mania has taken the world by storm this year. It is the hot topic from Davos to Da Club with billionaires and rappers getting on board the block train. Celebrities want to be seen to be hip with the latest in tech and gossip. Making the right moves this week was singer Katy Perry […]