Cryptocurrency News


Turkey-Crypto-022318.jpg Turkey is also planning to launch a state-backed cryptocurrency to be named "Turkcoin" as several central banks make moves to launch a state-backed digital currency, according to a report by Al-Monitor. The report said Ahmet Kenan Tanrikulu, Deputy Chairman of the Nationalist Movement Party, has drafted a detailed proposal for a state-controlled release of a "national bitcoin" called "Turkcoin."

Taiwan-bitcoinrobbery-022318.jpg Taiwanese police arrested four men charged with stealing Bitcoins worth $170,000 or 5 million Taiwanese dollars, in what is described as the first robbery involving the cryptocurrency in the country. The incident happened in a residential area in the central city of Taichung on February 10, when two men were lured by four men in their early twenties, pretending to be interested in buying bitcoins.

Cryptocurrency-cybercrime-022318.jpg A new report on the global economic impact of cybercrime has named three cryptocurrencies that provide greater security to cybercriminals and help them evade policing. Cryptocurrency is proven to be the favored currency for darknet marketplaces, with cybercriminals taking advantage of its pseudonymous nature and decentralized organization to conduct illicit transactions and demand payments.

Robinhood-cryptotrading-022318.jpg Mobile trading app Robinhood on Thursday launched Bitcoin and Ethereum trading for the first set of customers of its Crypto platform.

Tezos-022318.jpg The Zug, Swtizerland-based Tezos Foundation, which raised over $232 million in a crowdfunding initiative in July to develop a cryptocurrency and blockchain network, has reorganized its board which it hopes, would help in the launch of its Tezos network and tezos coins.

dailycryptos-022318.jpg Bitcoin is back below $10,000 after the market sentiment was hurt by the news that the US securities watchdog has charged a former crypto trading platform and its founder with fraud. In Switzerland, a project that attracted one of the biggest amount in an ICO in July has finally decided to launch its blockchain network and coin that were long delayed due to infighting.

Iran-Plans-Crypto-022318.jpg The Islamic Republic of Iran is set to become the second U.S.-sanctions hit country to have its own state-backed cryptocurrency. The move follows Venezuela's launch of its own oil-backed cryptocurrency named Petro earlier in the week. Iran's Information and Communications Technology (ICT) Minister MJ Azari Jahromi made the announcement on Twitter.

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.

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