Bitcoin

Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison

February 3rd, 2019

Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping….

Bitcoin Makes a New Record Today

February 3rd, 2019

Bitcoin today has officially entered the longest bear market ever in the 10-year history of Bitcoin. But the crypto space has never been better with developments going at a fast pace. Officially Enters the Longest Bear Market The leading cryptocurrency has officially entered the bear market in the 10-year history of Bitcoin that has already…

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

February 3rd, 2019

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by…

Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’

February 2nd, 2019

Fidelity has published an update announcing that its highly anticipated cryptocurrency exchange and custody platform, Fidelity Digital Asset Services (FDAS), has entered its “final testing” phase. The financial services provider also stated that it is exclusively serving a “select set of eligible clients” while developing the platform. Fidelity Highlights Institutional Focus for FDAS The company…

These Payment Gateways Will Enable Your Business to Accept Cryptocurrency

February 2nd, 2019

As more people become interested in the world of cryptocurrency, adoption grows and so does the number of merchants interested in accepting bitcoin payments. Here are some of the easiest methods for integrating bitcoin and other cryptocurrencies into your online business. Why Your Business Might Want to Accept Bitcoin Charging customers in bitcoin can prove…

Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

February 2nd, 2019

Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history. The Real Estate and Crypto Asset Trend Continues in 2019 It’s been one of…

Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

February 2nd, 2019

Death is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of…

Over $92 Million in Bitcoin Lost Forever, Why this could be a Bullish Sign?

February 2nd, 2019

Bitcoin has the fixed supply of 21 million, however, in the light of current and past events, thousands, presumably millions of Bitcoins are lost that only reduces its supply. Crypto Exchange Founder Dies, Crypto Funds Lost Canadian cryptocurrency exchange QuadrigaCX can’t access the majority of the $190 million that it owes to its customers, according…

The Daily: Zebpay Launches in 5 European Markets, Coinpulse Enters ‘Indefinite Maintenance’

February 2nd, 2019

Saturday’s edition of The Daily covers developments of interest to crypto traders. Once one of the largest exchanges in India, Zebpay is now increasingly focusing on Europe. The platform has expanded its services to residents of five more countries in the region. Also, troubled crypto trading platform Coinpulse has announced “indefinite maintenance,” asking customers to…

Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money

February 2nd, 2019

The Senate of the U.S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state. Crypto Bill Passes Wyoming…