One of South Korea’s largest cryptocurrency exchanges, Bithumb, has just announced that it will be halting trade on its platform in 11 different countries. Bithumb cited money laundering concerns and will comply with the anti-money laundering norms and is blocking residents in the jurisdictions of the Non-Cooperative Countries and Territories (NCCT) blacklist. According to coinmarketcap, the…
With more than $2 billion in crypto assets stolen to date through fraud or hacks on CEXs, DEXs are gaining attention. DEXs offer a peer-to-peer or order book-based, non-custodial, trustless exchange solution; they conduct trades on-blockchain, so parties exchange assets directly, eliminating the need for a central party to hold client funds. A fully on-chain…
While attention is focused on the threat Bitmain’s crypto-mining ASIC chips pose to the security and prices of cryptocurrencies – particularly ether (ETH) and bitcoin (BTC) – an even bigger threat looms not far on the horizon: quantum computers. Given that a quantum computer would be in the region of 17 billion times more…
While attention is focused at the moment on the threat that Bitmain’s crypto-mining ASIC chips pose to the security and prices of cryptocurrencies – particularly ether (ETH) and bitcoin (BTC) – an even bigger threat looms not far on the horizon: quantum computers. Given that a quantum computer would be in the region of…
By “group” I am referring to an estimated 1.6 billion Muslims of the world, or 23% of the world’s population according to the December 2012 Global Religious Landscape report from the Pew Research Center’s Forum on Religion & Public Life. Due to the core belief of Muslims that Islam is a complete code for life,…
Singapore warns exchanges on tokens May 24: On Thursday, the Monetary Authority of Singapore (MAS) warned eight digital token exchanges not to allow trading in digital tokens that are considered securities or futures contracts without MAS’ authorisation. It also warned a company launching an ICO against offering the tokens in Singapore. If the digital tokens…
On May 7, Bill Gates proclaimed on CNBC’s Squawk Box’ that he “would short [bitcoin] if there was an easy way to do it,” as he considers bitcoin to be “kind of a pure ‘greater fool theory’ type of investment”. This statement is somewhat surprising as there are actually several ways bitcoin bears can short…
Key Highlights: Bitcoin Cash bounced back above $1,000 on Friday, now trading at around $1,010. The cryptocurrency was able to recover from its latest bearish run. BCH/USD is now holding a major support level at $995. BCH/USD Recovers From Latest Selloff On Friday, Bitcoin Cash was able to bounce back from this week’s market-wide selloff,…
John McAfee – who is known for making big price bets, has presented a bullish thesis for the next cryptocurrency market rally. He predicts a few coins – including Bitcoin (BTC) and EOS (EOS) will achieve robust price growths next month, before collapsing in July. Bitcoin price currently trades around the $7,500 level but John…
Reuters reported on Thursday that Commerzbank and multinational group Thyssenkrupp successfully used the R3 Corda blockchain platform to complete a €500,000 forex transaction. The transaction uses a blockchain to store the entire transaction as a single, invariable record. Participating companies and banks do not have to worry about the reconciliation of transactions, and this greatly…
