Four executives from two of South Korea’s cryptocurrency exchanges have reportedly been detained over alleged embezzlement of customer assets amounting to billions of won. Kim Ik-hwan, the CEO of Coinnest, and South Korea’s fifth biggest digital currency exchange is one individual that has been detained and questioned over embezzlement charges, reports Reuters. The remaining suspects involved […]

The vast majority of government officials still have little or no experience with cryptocurrency or blockchain technology. While some voices in the crypto community argue that regulating cryptocurrency defeats the purpose of crypto in the first place, many others see regulation as a positive thing for the industry in the long run. They believe that […]

PHOENIX – The technology behind bitcoin and other cryptocurrency could change lifestyles and livelihoods, leading to cheaper, more efficient ways to ship packages, buy homes, access medical records and even build a secure vault of personal information. The little-understood and often misunderstood system of virtual money, known as cryptocurrency, is based on something called blockchain, a vast […]

This week bitcoin prices bounced at the trendline forged approximately one half year ago at the same time as NVIDIA signaled support for crypto. NVIDIA CEO Jensen Huang spoke to Jim Cramer on Mad Money TV, suggesting that cryptocurrency was “here to stay” regardless of the fact that it’s not one of the company’s main drivers – […]

Singapore plans to launch a Blockchain challenge. Each successful challenge would be rewarded with funding. Singapore: The government of Singapore has declared in an announcement on Thursday, March 29 that it would launch a bitcoin challenge, and would reward every successful blockchain challenge with funding. The Singapore’s Infocomm Media Development Authority (IMDA) stated in the […]

Ripple (XRP) has had a great week, even as the market continued its bearish trend into the weekend. As the crypto looks to end the bleak week on a strong run, the events of the last few days suggest the company behind the XRP token is doing well. Over the last four or five days, […]

Cisco, a worldwide leader in IT and networking, is developing a method of confidential group communications based on Blockchain technology, according to a patent application released by the US Patent and Trademark Office (USPTO) March 29. In the application, the company describes the way Blockchain can ensure more confidential and secure group messaging, file sharing, and tracking of membership […]

According to data gathered by Blockchain.Info, the number of blockchain wallet users has been increasing exponentially since 2011. Last year ended with over 21 million wallet users, and if growth continues at a similar pace, the 2018 total could more than double. Along with a similar line, ICOs continue to grow at a blistering pace. Per CoinSchedule’s […]

In a strategy to protect the value its own currency against cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), the Chinese Central bank has indicated plans of developing its own government regulated digital currency. The announcement was made on the website belonging to the Central bank of the People’s Republic of China. In it, it says […]

Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action. The country’s largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016 provided the possibility […]