China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is…
In January 2018, Michael Terpin reportedly attended the Consumer Electronics Show in Las Vegas where he ended up losing his smartphone. While this was an inconvenience, he says the real shock came when he realized that a hacker was able to use his phone number to convince a support representative from Terpin’s network provider, AT&T,…
Stellar (XLM) is currently down 76% from the record high set on January 3rd. The XLM market cap is the 6th largest among coins tracked by bravenewcoin.com, at US$4.1 billion, with exchange-traded volume of US$57 million in the past 24 hours. XLM was created in 2014 by founders Jed McCaleb and Joyce Kim. The blockchain…
The recent crypto downturn is putting pressure not just on investors, but on the coins themselves. Dash, a fork of bitcoin, has not escaped the bearish sentiment with its value slipping around 90 percent from its all-time high above $1500. This alone might not be unusual, but the coin has also fallen comparatively within the…
Two days ago, Venezuela’s President, Nicolás Maduro, ordered the nation’s banks to adopt the Petro digital currency, so now Venezuelan banks must accept Petro. In a bid to reform the nation and alleviate the current Venezuelan economic crisis, Maduro is trying to get the Petro coin recognized as Venezuela’s second currency and now banks within the…
Bitmain Adds Ethereum Mining Pool: The world’s largest Bitcoin mining pool is cheating on Bitcoin. Bitmain’s BTC.com is expanding to add an Ethereum mining pool which will initially support both Ethereum and Ethereum classic. Users will now be able to switch their hashing power from one pool to another, in light of what’s happening in the market. Bitmain…
Global accounting firm Deloitte published its annual blockchain survey, titled ‘Breaking Blockchain Open’ recently, in which the company provides insights into the opinions and actions of established organizations and their top executives with regard to blockchain technology. Deloitte interviewed 1,053 top-level executives from organizations that averaged over 500 million in annual revenue. The executives were based…
In an August 23rd email to account holders for which it holds an email address, the Mt Gox Civil Rehabilitation Trustee (receiver) Nobuaki Kobayashi requested claimants “make online filings of their rehabilitation claims in relation to Mt Gox’s rehabilitation proceedings”. The move follows a June 22nd order from the Tokyo District Court for the commencement…
Cryptocurrencies transformed the way we glance at transactions, but against the grain, they have also encouraged cybercriminals to lead some massive frauds over the past few years. While the cleverest minds have developed some beyond-belief organizations upheld by the might of blockchain and cryptocurrencies, wicked minds have also pounced on the furor, defrauding innocent investors…
China’s ban on crypto continues across the country as the Guangzhou Development District is next to be hit. What’s going on? China’s Ban on Crypto Continues Last week, a very similar ban was imposed in Beijing’s Chaoyang district, whereby venues were handed out fliers detailing a prohibition against commercial venues hosting crypto-related events. Venues such…
