Bomb Threats across the US Turn Out to Be Cryptocurrency Scams

Bomb Threats across the US Turn Out to Be Cryptocurrency Scams

On Thursday, employees and students in offices and universities across the country received emails containing a threat: Pay $20,000 in Bitcoin, or a bomb will detonate in your building. Obviously, the threat sent many institutions into a frenzy as the buildings were evacuated and law enforcement called upon. Tweets containing screenshots of the emails started appearing everywhere containing different versions of virtually the same threat. However, by the afternoon, nearly all of the buildings had…

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Allianz CEO Andreas Utermann: Crypto Assets Should Be Outlawed

Allianz CEO Andreas Utermann: Crypto Assets Should Be Outlawed

In January 2018, Bitcoin which was the poster boy for cryptocurrencies at the time had its value drop from nearly $20,000 to all the way down to $5,000. This crash in cryptocurrencies value across the market came as a huge shock to both small and big investors. The following year, cryptocurrencies saw a consistent downtrend in its value and enthusiasm towards them by the public. Those who had warned about the authenticity of these crypto…

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French MPs Want Government to Invest 500 Million Euros in Blockchain

French MPs Want Government to Invest 500 Million Euros in Blockchain

Blockchain technology is set to become the catalyst in the next technological mini-revolution. Even as cryptocurrencies saw a steady decline of their prices throughout 2018, blockchain technology has been getting a lot of attention in the tech industry. Only after the hype of crypto currencies have died down that the tech pundits and industry giants like IBM, Amazon, Walmart, Unilever, and Samsung are realizing the powers of the underlying technology of all cryptocurrencies. For-profit organizations…

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Samsung Steps into the Crypto Game with 3 Blockchain Trademarks

Samsung Steps into the Crypto Game with 3 Blockchain Trademarks

‘Blockchain KeyStore’, ‘Blockchain key box’ and ‘Blockchain Core’ are the names of the three patents that Samsung has filed applications for according to a report by Dutch tech news blog Galaxy Club. These requested patents clearly indicate Samsung’s intent to step into the blockchain industry. The three trademark requests relate to providing crypto custody services on smartphones. Even as overall blockchain-powered cryptocurrencies have seen a downtrend throughout 2018, some of the biggest names in the…

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Report: Stablecoins are Stabilizing and Gaining Traction

Report: Stablecoins are Stabilizing and Gaining Traction

Cryptocurrencies such as Bitcoin and Ethereum are highly volatile. Which means they could be quite difficult to use in day-to-day transactions for some people. These cryptocurrencies see an increase or decrease of 5-10% on a daily basis; that kind of instability can be very shocking for a consumer. Imagine finding out that the doughnut you bought for $20 a few days ago is selling for only $10 today. Moreover, these cryptocurrencies have very little oversight…

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Hong Kong-Based Blockchain Fund Grandshores Technology to Issue a New Stablecoin

Hong Kong-Based Blockchain Fund Grandshores Technology to Issue a New Stablecoin

In a document released on December 3, the Hong Kong-based global blockchain fund Grandshores Technology Limited announced that Mr. Li Xiaolai was being appointed as an executive director and co-chief executive officer starting the same day. Among his responsibilities at the new position are going to be the launch of a new stablecoin, establishment of a Directed Acyclic Graph (DAG)-based public database, development of Trusted Execution Environment (TEE) technologies, and other blockchain related products. This…

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South Korea Hints it Might Apply Tax on Cryptocurrencies and Initial Coin Offerings

South Korea Hints it Might Apply Tax on Cryptocurrencies and Initial Coin Offerings

Cryptocurrencies have been the new ‘big thing’ at least since mid-2017. Bitcoin gained a price of nearly US$20,000 in December last year. However, prices of Bitcoin and other cryptocurrencies plummeted in January 2018. They have continued to struggle to gain back the lost ground ever since with little to show for it. The world is starting to calm down about the phenomenon of cryptocurrencies, it would seem. The focus is shifting from cryptocurrencies to blockchain…

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