Category Archives: Blockchain News

Ethereum found to be the hottest target for phishing scams

In a quarterly review released by anti-phishing software developer Kaspersky Lab, Ethereum has been listed as the most popular cryptocurrency to be targeted by cybercriminals running phishing scams. The second quarterly review of 2018 states that, by rough estimate, $2,329,317 USD worth of potential investor money has been siphoned out of the market by criminals posing as both fake and

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Three things you need to know about Bitmain’s IPO

According to industry sources, Bitmain – the giant behind an estimated 80% of all cryptocurrency mining equipment in existence – is mulling a Hong Kong-based Initial Public Offering (IPO). For the uninitiated, an Initial Public Offering – the first sale of a stock issued by a company to the general public – marks the transition where a ‘private’ company becomes a

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Ripple XRP denied motion to remand the class action lawsuit

An official document issued by the United States District Court has been released, telling that Ripple’s plea to remand the lawsuit has been denied. The case against Ripple, Ripple XRP II, and Brad Garlinghouse – Ripple’s CEO – has been in the news since Ryan Coffey first slapped the entities with a lawsuit in May. Coffey claims that he lost

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Xapo president claims that 90% of cryptocurrencies will disappear

Ted Rogers, the president of Xapo – a Hong Kong-based company dealing with Bitcoin wallets – has claimed that a shocking portion of the cryptocurrencies currently listed will be wiped out. This iframe contains the logic required to handle Ajax powered Gravity Forms. Rogers believes that 90% of the tokens currently listed on CoinMarketCap are facing “extinction” if they are not

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Playboy files lawsuit, claiming cryptocurrency company breached contract

Playboy Enterprises, the MacDaddy which owns Playboy Magazine, has opened a case against Global Blockchain Technologies (GBT), a Canadian-based investment company focused on cryptocurrency,  claiming that the company has committed fraud and breached a contract between the companies. In a report by LA Times, the lawsuit was filed in Los Angeles County Superior Court and it states that the Playboy company

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Coinbase to Pursue Decentralized Form of Identification Following Acquisition

Coinbase to Pursue Decentralized Form of Identification Following Acquisition Cryptocurrency exchange and wallet service Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions, according to an August 15 announcement. In the blog post, B Byrne, project manager for Identity at Coinbase, said Distributed Systems will help the exchange work on new ways to validate… The post Coinbase to Pursue

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Is Monero holding strong through the bear market? A retrospective

While 2018 has brutalized several pre-eminent cryptocurrencies, Monero has been fortunate to grace headlines in a variety of ways; whether for the fact that – for better or worse – cryptojacking software has reportedly mined some $175 million USD worth of XMR, or the launch of Tari – a merge-mined sidechain for digital assets. At the start of the year,

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Technical Analysis – Buy when there is blood in the streets

After a strong rally peaking at $8500 during the month of July, Bitcoin fell over 30% to a low of $6250 on Tuesday this week. As brutal as this sell-off was for Bitcoin, major altcoins were punished even more severely over the same period. Approximate return from 24 Jul – 14 Aug for major Alts: Bitcoin Ethereum Bitcoin Cash XRP

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Facebook will not be using Stellar’s platform to go to the moon

According to a spokesperson from the mega-corporation, Facebook will not be developing a project using Stellar’s network, as told by Cheddar. Allegedly, the blockchain division of the Facebook team also has not had any dialogue about using Stellar‘s platform to develop a Facebook blockchain: “We are not engaged in any discussions with Stellar, and we are not considering building on

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The “un-hackable” wallet of McAfee hacked by a team of researchers

John McAfee, of McAfee antivirus, states that he has created the world’s first unhackable storage, but it would seem that bold claim has been pulled apart in a recent security breach. According to Hard Fork, a group of security researchers from Pen Test Partners was able to crack into the wallet – which apparently is of a Bitfi system – and were able to

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