Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

One of the fastest growing sub-industries in the crypto sphere over the past year was the world of stablecoins – digital assets that represent a traditional financial asset and that are also fully backed by it. While the prospect of acquiring a cryptocurrency that has an actual backing to it allures many investors, there is also a cloud of skepticism enveloping stablecoins; and at least in some cases these doubts are justified. For instance, the…

Read More

Russian Prime Minister Medvedev: Don’t Bury Cryptocurrencies Yet!

Russian Prime Minister Medvedev: Don’t Bury Cryptocurrencies Yet!

Russia generates quite a lot of crypto-related headlines lately. Is it just a coincidence that many cryptocurrency events currently surround Russia, or is it some sort of coordinated effort of the Russian Federation to use cryptocurrency? And now more interesting crypto news are arriving from Russia, this time directly from the state’s Prime Minister Dmitry Medvedev. During a speech at the plenary meeting of the 10th Gaidar Forum where he delineated global challenges that the…

Read More

Parents Ask for Bitcoin Donations to Newborn Baby’s College Fund in Newspaper Ad

Parents Ask for Bitcoin Donations to Newborn Baby’s College Fund in Newspaper Ad

A lot of parents set aside each month a little money for their children’s college fund, and many are doing so from very early on of their child’s infancy. But very few are asking for donations for their newborn’s future education, even less so in a public media outlet, and only one couple to date has done so via cryptocurrency. On January 6th, 2019, Izabella Anna Bowles was born. Shortly thereafter, her full name was…

Read More

Ethical Hacker? Attacker Returns $100K to Gate.io after Ethereum Classic 51% Attack

Ethical Hacker? Attacker Returns $100K to Gate.io after Ethereum Classic 51% Attack

So this is something you don’t see every day – a hacker who had already managed to swipe around $217,00 in cryptocurrency from the crypto exchange Gate.io, has returned about half of it. Why? No one knows. On January 7, a mysterious hacker succeeded in the heist of approximately $217,000 in the digital currency Ethereum Classic (ETC) from Gate.io throughout what is now known as the “51% attack.” In this sort of hacking attack, the…

Read More

AllStocks Network – January 2019 Update

AllStocks Network – January 2019 Update

Hi everyone! Considering that a little over a month has passed since our last update, we thought it would be a good time to give you a brief report about the progress we’ve made over the past month – especially with the development of our crypto exchange platform, which is headed by our fearless chief technology officer Oren Nataf. Here are the primary checkpoints that we’ve marked recently: We’ve completed the integration of our exchange…

Read More

Epic Games CEO: Oops! Enabling Monero in Fortnite Store Was Accidental; No Talks with any Crypto Company

Epic Games CEO: Oops! Enabling Monero in Fortnite Store Was Accidental; No Talks with any Crypto Company

Oh Monero, Monero… this must be really awkward for you. (And to be honest, for us too.) After last week we reported that the official merch store (Retail Row) of the incredibly popular video game Fortnite opened its crypto payment gates exclusively to Monero, now we can report that… well, oopsy doopsy, it appears that it was all just an intentional mistake of sorts, and the implementation of such a cryptocurrency payment option had been…

Read More

Popular Video Game Fortnite Enables Monero Payments in its Official Merch Store

Popular Video Game Fortnite Enables Monero Payments in its Official Merch Store

With over 200 million registered users, Fortnite is one of the most popular video games in the world right now – and probably in history as well. According to various reports, in any given moment there are millions of users from all corners of the globe playing the game, whilst it has hit an astounding record of 8.3 million players online in November, 2018. And with that kind of almost unfathomable popularity, Fortnite now jumps…

Read More

Iran Forbids Collaboration with Telegram’s Cryptocurrency: “An Action against National Security”

Iran Forbids Collaboration with Telegram’s Cryptocurrency: “An Action against National Security”

If there’s something that authoritarian regimes hate is a certain influential element over which they have no control. Cryptocurrency certainly fits that description, and this is why autocratic governments attempt either to have some sort of command over it or to utterly prohibit its usage. Such is the case with the dictatorial regime of Iran. Javad Javidnia, Iran’s Secretary of Criminal Content Definition Task Force, has imparted that any type of collaboration with Telegram in…

Read More

Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Troubles keep chasing the crypto mining giant Bitmain. As long as cryptocurrency prices continued to rise a year ago, the company was blossoming; but as the entire crypto market plunged in 2018, mining profitability has declined accordingly and drastically. So after a barrage of lawsuits and firing half of its workforce, the mining firm now faces new obstacles. According to the Chinese media outlet Odaily, Bitmain’s CEOs Micree Zhan and Jihan Wu will soon leave…

Read More

Mining Giant Bitmain Fires Half its Workforce: “Normal Staff Adjustment”

Mining Giant Bitmain Fires Half its Workforce: “Normal Staff Adjustment”

It hasn’t been an easy year for the China-based mining giant Bitmain to say the least, especially in the last few months. In November, a class action lawsuit was filed against the company for unethical fraudulent practices and in December the company was sued (alongside others) for allegedly manipulating the Bitcoin Cash network. Of course, Bitmain’s main problem is the steep plunge of cryptocurrency prices in 2018, which consequently makes mining less profitable. Now it…

Read More
1 2 3 15