Cryptocurrency News


bitcoin-down-022318.jpg The biggest cryptocurrency Bitcoin continued to loose its shine for the second day, dropping below $10,000 again, reaching the lowest value in a week. All other major digital currencies also are in the downtrend. The negative sentiments followed the SEC's charging of BitFunder, a former bitcoin-denominated platform, and its founder Jon Montroll with fraud.

Crypto-Cybercrime-022218.jpg Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.

SEC-bitcoin-exchange-founder-fraud-022218.jpg The Securities and Exchange Commission has charged BitFunder, a former bitcoin-denominated platform, and its founder Jon Montroll with fraud. The SEC's complaint, filed in federal district court in Manhattan, charges BitFunder and Montroll with violations of the anti-fraud and registration provisions of the federal securities laws.

coinbase-bitfinex-022218.jpg Two of the leading cryptocurrency exchanges Coinbase and Bitfinex announced the adoption of support for Segregated Witness (SegWit) protocols for bitcoin (BTC) transactions on their platforms. The support for SegWit will see users of both the exchanges benefit from lower BTC fees and faster processing times. Coinbase and Bitfinex are among the largest trading platforms for bitcoin by volume.

Japan-cryptocases-022218.jpg Japan's National Police Agency reported 669 cases of suspected money laundering using cryptocurrency from virtual currency exchanges, the Nikkei Asian Review reported. While the agency did not reveal the reason why exchange operators reported the suspected cases, it is likely that questionable transactions repeated frequently in a short period of time prompted them to take action, the report said.

cryptocurrency-dailyroundup-022218.jpg Venezuela is not stopping with the launch of its oil-backed cryptocurrency "petro", but has announced that it will unveil a gold-backed token "petro gold" next week. Japan suspects money laundering in 669 cryptocurrency cases between April and December. Meanwhile, blockchain seems to have captured the imagination of NFL players who are looking to invest in new tech.

Venezuela-PetroGold-022218.jpg Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.

venezuela-petro-022118.jpg The government of Venezuela has announced that its national cryptocurrency can be used as a form of payment for a number of services and commercial transactions, as an alternative to the country's devalued hard currency. Venezuelan President Nicolas Maduro has launched the pre-sale of El Petro (PTR), the first national cryptocurrency in the world, to ease the country's economic crisis.

TeslaCloud-Hacked-Crypto-022118.jpg Electric car maker Tesla Inc. became the latest victim of cryptojacking, in which hackers used its cloud system to mine cryptocurrency, according to cybersecurity software firm RedLock. In a blog post, RedLock noted that Tesla's Amazon Web Services or AWS cloud account was used by hackers to perform crptocurrency mining, which requires enormous computer power.

Petro-Presale-Raises-022118.jpg The pre-sale of Venezuela's cryptocurrency evoked overwhelming response on the first day, the country's President says. Nicolas Maduro claimed that $735 million was raised within 20 hours of initial sale. Blockchain experts had warned El Petro (the Petro) is unlikely to attract significant investment. Maduro launched El Petro, the first national cryptocurrency in the world, on Tuesday.

dailycryptos-022118.jpg South Korea's relaxed stance on cryptocurrencies boosted the sentiment in the market and pushed prices higher. In Japan, there was another mishap at a cryptocurrency exchange that was under the scanner after the Coincheck hack. Venezuela kick-started the sale of its cryptocurrency. And Elon Musk's Tesla fell victim to a "cryptojacking" attack.

Zaif-crypto-Yen-022108.jpg A Japanese cryptocurrency exchange, which is being probed by regulators over security concerns, said it allowed trades for zero yen or free, due to a glitch in its price calculating system. Zaif, a cryptocurrency exchange run by the Osaka-based Tech Bureau Corp, is among the 16 registered exchanges with the Financial Services Authority.

southkorea-cryptos-022118.jpg South Korea apparently relaxed its stance on cryptocurrencies as the country's financial services watchdog said the government will support "normal transactions" in such currencies. The comment by Choe Heung-sik, governor of the Financial Supervisory Service, boosted the sentiment in the market, sending prices of cryptocurrencies such as Bitcoin higher.

NBP-Anti-Crypto-SocialMedia-022018.jpg The Polish central bank has been accused of secretly funding and running a "low down and dirty" smear campaign against the cryptocurrency market, according to a Business Insider Poland report. All this after Poland is said to have officially recognized both trading and mining of cryptocurrencies in February 2017.

southkorea-tradingrise-022018.jpg The commission-related sales of South Korean cryptocurrency exchanges have increased by about 88 times last year compared to the previous year, a report said. South Korea's Yonhap news agency published government data collected by Rep. Park Kwang-on. Total commission-related sales of around 30 cryptocurrency exchange operators in the country are estimated to have reached 700 billion won last year.

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