Category Archives: News teaser

‘It’ll Happen Anyway’: Andreas Antonopoulos Criticizes Bitcoin ETFs

Exchange-traded funds (ETFs) “fundamentally undermine the underlying principle of peer-to-peer money,” Andreas Antonopoulos claimed, adopting a critical stance on the financial instrument. ‘Not Your Keys – Not Your Bitcoin’ As part of his monthly Q&A session with the cryptocurrency community in July, Antonopoulos, who uses the online sessions to address various key aspects of cryptocurrency as suggested by viewers, made clear

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Overstock Shares Plummet, Losing Around 50 Percent YTD

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock marched into the field of

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Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that FOMO got the best of one amateur cryptocurrency investor in Abu Dhabi who is now 85% down on cryptocurrencies purchased using a $139,500 bank loan. The

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Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries

Unibright, a unified framework for blockchain-based business integration, has partnered with Lufthansa, Microsoft, and NEM.  Making Blockchain Easy Three months after Unibright reached its hardcap in only 10 days, the company has been making newsworthy partnerships left and right — all of which will bring real use-cases to the project. Being a team of developers with 20+ years of experience

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Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin 00 being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which

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New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s 00 network can process as its most significant problem. They point out that this is

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These 5 ICO Exit Scams Cost Investors $100 Million

ICO exit scams over the last two years have left people $96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar. However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $6.8 billion from ICOs in 2018 alone.

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‘Buy Crypto’: Kim Dotcom Warns Of Looming US Dollar Implosion

Entrepreneur and MegaUpload creator Kim Dotcom has repeated his belief in Bitcoin over fiat currency, telling fans directly to “buy cryptocurrency.” Dotcom: Crash ‘Is Coming 100 Percent’ In a series of tweets August 12, Dotcom, whose Bitcache project incorporates a Bitcoin wallet, warned over US national debt and the need to avoid the dollar. “Trust me. Buy crypto and gold.

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Playboy Suing Cryptocurrency Company Over Breach of Contract

Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments. A Clash in Court Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times. Reportedly, the parent company of the

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Hungary Does Not Consider Cryptocurrency Legal Tender Yet

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other cryptocurrencies do not qualify as

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