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Wu Jihan Takes Full Control of Crypto Mining Manufacturer Bitmain After Ousting Co-CEO

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

Just weeks after announcing the departure of the company’s co-founder, Micree Zhan, Bitmain’s chief executive officer Wu Jihan has taken full control of crypto mining equipment manufacturer. Jihan held a private client meeting last weekend for the first time since Micree Zhan left and addressed Bitmain’s executives regarding the company’s future. Bitman’s executives including Jihan discussed all sorts of initiatives that the company is working on in order to attract more customers at the event….

Hackers Seize Argentinian Government’s Data and Demand Ransom in Bitcoin

Posted on December 11, 2019December 19, 2019 by Rehan Yousaf

A data center of the government in Argentina was recently attacked by blackhat hackers who demanded a ransom in Bitcoin(BTC)trade. Sensitive data regarding local government in files was compromised during the attack. Argentina’s Minister of Science and Technology Alicia Bañuelos, representative of the local government of San Luis, gave details of the cyber attack and stated that it happened on November 25th. Agencia de Noticia de San Luis, a news outlet, discussed the details of…

US Senator Bernie Sanders’ “High-Speed Internet for All” Would Boost Crypto

Posted on December 11, 2019December 11, 2019 by Julie Williams

US Senator Bernie Sanders believes that one day internet connection should be available to every American citizen just like electricity. This premise just might be a huge benefit to one unexpected player: Crypto. “High-Speed Internet for All” must be the senator’s dream right now. A world where anyone and everyone has easy access to internet connection would be a great one to live in. Then and only then we would fully benefit from the unending…

Crypto Scam Coinjer Attracts Victims by Promoting Free Bitcoin Reward

Posted on December 11, 2019December 11, 2019 by Rehan Yousaf

A user on Reddit recently shared his experience with Coinjer, calling it an elaborate cryptocurrency scam that has recently surfaced on the internet. The user, @m3l0n, shared that he received a message on Discord, a platform for video gaming communities, advertising that users could win 0.25 Bitcoin, almost equivalent of $1,830 based on the current Bitcoin price. The requirement for receiving the 0.25 BTC was to be a member of one of the cryptocurrency affiliate…

Crusoe Energy Systems Builds Gas-to-Computing Crypto Mining Farm

Posted on December 10, 2019December 10, 2019 by Rehan Yousaf

Adding to the increasing number of major cryptocurrency facilities in the global crypto ecosystem, the Denver-based energy company Crusoe Energy Systems is set to launch a new Bitcoin mining farm after raising $70 million. Crusoe Energy Systems is well known for its role in the oil and gas industry. As a matter of fact, the company is looking to help mitigate gas flaring by channeling this wasted energy to its new Bitcoin mining facility. With…

Thailand’s Police Arrested 24 Chinese Citizens Over Bitcoin Call Center Scam

Posted on December 9, 2019December 9, 2019 by Rehan Yousaf

According to local news outlets in Thailand, 24 Chinese have been arrested in the country under the accusation of running a crypto investment scam. The authorities conducted the raid in a call center where the Chinese nationals were allegedly conducting a Bitcoin(BTC)trade con scheme. One of the news outlets who reported the events of the arrest, Chiang Rai Times, further detailed that the alleged scam had been operational since March of this year. Currently, the…

Brazil’s IRS Sets Rules to Fine Citizens Who Don’t Declare Crypto Holdings

Posted on December 8, 2019December 8, 2019 by Rehan Yousaf

The Internal Revenue Service (IRS) in Brazil has established a specified code to categorize punishment for taxpaying citizens who fail to declare their cryptocurrency operations and holdings. This can be seen as Brazil’s major attempt to take a stronger control over the Bitcoin(BTC)trade and other digital currencies trade and exchange in the country. The new rules have already been enforced in Brazil as per the Federal Official Gazette’s publication of the briefings of the executive…

The First Bitcoin-Featured Commercial Advertised on French Television

Posted on December 8, 2019December 8, 2019 by Rehan Yousaf

Bitcoin has enjoyed its first television commercial on free-to-air station across France. The 30-second video promotes Keplerk, a financial-technology firm based in Paris, and its services. Currently, the ad is running on TF1, France’s national on-air station. Keplerk provides a virtual platform for consumers to exchange traditional fiat money for the digital currency Bitcoin(BTC)trade through exchange services in 6,500 different locations. The commercial features different functions offered by the company where customers can purchase vouchers…

Almost 70% of Crypto Hedge Funds Will Close this Year Due to Volatility

Posted on December 5, 2019December 5, 2019 by Rehan Yousaf

Crypto Fund Research, one of the largest databases of crypto hedge funds based in San Fransisco, conducted an analysis and found out that almost 70 crypto hedge funds will be closing this year, as reported by Bloomberg. The hedge funds in focus mainly catered to family offices, pensions and affluent individuals. The research also found that less than half number of crypto hedge funds that started last year are newly launched funds. The cutback in…

Asset Manager WisdomTree Rolls Out Bitcoin Exchange-Traded Product

Posted on December 4, 2019December 4, 2019 by Rehan Yousaf

WisdomTree, a New York-based exchange-traded fund (ETF) issuer and asset manager, has launched a physically backed Bitcoin exchange traded product (ETP). On December 3rd, WisdomTree announced the Bitcoin news of its latest venture in the cryptocurrency sector. The asset management firm currently holds over $60 billion in client assets since its launch in June 2006. WisdomTree Bitcoin ETP (BTCW) was registered on SIX, the Swiss Stock Exchange, yesterday, totaling its expense ratio of 0.95%. It…

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